Hong Kong Business Association of Northern California
Nonprofit profile at a glance
- EIN
- 943017050
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4153984506
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $78,869
- Expenses
- $73,192
- Assets
- $179,699
- Liabilities
- $3,402
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
People named in this filing
- ANNE MAK (Secretary)
- CEDRIC CHAO (Hor. Director)
- Ray Cheung (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The hong kong association of northern California is dedicated to increase the understanding of hong kong's role in the regional and global economies. The organization serves to strengthen economic ties between northern California and hong kong as well as provide a focus and linkage for northern California firms and individuals interested in pursuing business and trade with hong kong.
What it reported doing in 2024
The hong kong association of northern California was organized to promote and develop economic ties between hong kong and northern California.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 51
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.6%; rating input score 41
- Program expense ratio: 36.5%; rating input score 36
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.2%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 2.46; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 41% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -6.2% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 40.6% of revenue deployed · 36.5% of spending went to programs
- Governance: 18 of 18 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $27K in reported program spending
- Leadership: top reported pay $0 · 20 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.