Long Island Chinese American Association Inc

Nonprofit profile at a glance

EIN
471716763
IRS 990-EZ coverage
2016–2024
Forms available
Form 990 2019, Form 990-EZ 2024, Form 990-N 2014
Location
Jericho, NY, USA
Phone
6317416943
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$24,221
Expenses
$14,548
Assets
$184,259
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • GUODONG ZHANG (CHAIRMAN AND PRESIDENT)

People named in this filing

  • DAWEI ZHOU (VICE CHAIRMAN OF THE BOARD)
  • TIANLU LV (BOARD OF DIRECTOR)
  • QI ZONG (BOARD OF 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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The greater long island area has experienced unprecedented growth in its asian communities over the past two decades. In response to the many needs created by this population boom, the long island chinese american association (licaa) was formed by a group of volunteers from long island's chinese community. Licaa is a non-profit and non-sectarian organization committed to building a stronger community through leadership, collaborative efforts, multi-cultural promotion and services. Licaa's objectives are: - serve the long island chinese community - promote multi-cultural arts, and introduce the chinese culture and traditions to the community - foster collaborative efforts, volunteerism and leadership - promote community participation and awareness among our members - represent the interest and concerns of chinese residents in the community

What it reported doing in 2024

Advocacy and Community Support

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 82
  • Sustainability: 83
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.1%; rating input score 44
  • Program expense ratio: 73.5%; rating input score 73

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 39.9%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 12.67; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -20.3% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -18.8% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 12% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 44.1% of revenue deployed · 73.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2016 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 44/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.