San Francisco Chinese Chamber of Commerce Cultural Foundation
Nonprofit profile at a glance
- EIN
- 920638331
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- San Francisco, CA, USA
- Phone
- 4159823000
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $45,000
- Expenses
- $22,760
- Assets
- $17,615
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- WADE LAI (President)
People named in this filing
- WADE LAI (President)
- BEN MAN GONG (Secretary)
- TONY LAU (Treasurer)
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 san francisco chinese chamber of commerce cultural foundation is organized to conduct charitable and educational activities, including but not limited to, making grants to support the promotion, preservation, and awareness of, and public education about, chinese and chinese-american cultures. The foundation intends to accomplish its purpose primarily through grantmaking activities. The foundation also plans to participate in educational community events for the chinatown communities.
What it reported doing in 2024
The foundation is awarding of scholarships to the pageant of miss chinatown USA to ensure that all the winners/contestants strive to achieve their educational goals and to develop into leaders of tomorrow.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 100
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.8%; rating input score 48
- Program expense ratio: 94.5%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 49.4%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 68.1% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 100% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 98.7% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 47.8% of revenue deployed · 94.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $22K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.