Taiwan Center Foundation of Greater Los Angeles

Nonprofit profile at a glance

EIN
954679702
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Alhambra, CA, USA
Phone
6263074881
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$3,092,358
Expenses
$517,312
Assets
$14,963,677
Liabilities
$11,949

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

Leadership & pay

38 people listed

Executive titles in this filing

  • SIMON J LIN (CEO)
  • JOLIE CHEN (Vice President)
  • ROGER TSAI (Vice President)
  • CHUN-YEN CHEN (Vice President)
  • ALAN THIAN (President)
  • LINDA LIU (Vice President)

People named in this filing

  • KENNETH CHEN (Director)
  • PAUL CHEN (Director)
  • EMILY SUNG (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

*To support activities which foster public knowledge and appreciation of Taiwanese culture and heritage.*To serve as a forum where Taiwanese Americans of Southern California may voice concerns of mutual interest in a concerted and coordinated effort with allied non-profit groups and with the community.*To strengthen the bond between the people of Taiwan and people of the U.S.*To promote and protect the general welfare of Taiwanese Americans.*To promote and encourage community and civic spirit among Taiwanese Americans of Southern California.

What it reported doing in 2024

In a variety of capacities, the foundation acted in different roles of the following activities:1.Events sponsored, planned and held solely by foundation including fund raising events, New Year banquets, Christmas charity activities, Miss Taiwanese American Pageant, and annual meetings; also the immediate response to bring aids from Taiwanese Americans to emergency situations that arise.2. Events co-sponsored by the foundation in conjunction with other organizations including citizenship workshop, energy saving education fair, community volunteer service, voters' registration, and U.S. census education etc.3. Events coordinated by the foundation and sponsored by various organizations: such as the Taiwanese-American heritage week celebrations; this annual event brings over thousands of people together to enjoy and learn about Taiwanese-American culture, enhancing the harmonious relationship between different ethnicity groups in America.4. The foundation sponsors activities which bring people together regularly for recreational and education purposes such as Taiwan center chorus, Taiwan center table tennis team, dancing classes for health and social purposes, computer classes, language classes and Taiwan center social worker volunteers group.

Operating model

Revenue model
Donor-supported. 80% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 97
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.7%; rating input score 13
  • Program expense ratio: 63.8%; rating input score 64
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 83.3%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 28.93; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: -0.8% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 18.1% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 19.8% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 12.7% of revenue deployed · 63.8% of spending went to programs
  • Governance: 38 of 38 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $330K in reported program spending
  • Leadership: top reported pay $0 · 38 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 10 filing years from 2015 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.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.