Chinese Theatre Works Inc

EIN: 112393789 501(c)(3) Arts, Culture & Humanities

Jackson Heights, NY

Total Revenue
$262,698
Total Expenses
$306,430
Total Assets
$221,030
Net Assets
$146,441
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NY
Principal Officer
Kuang Yu Fong
Phone
7183923493
Tax Period
2023-10-01 to 2024-09-30

Chinese Theatre Works Inc, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $306K exceeded revenue, resulting in a 17% operating deficit.

Mission

The organization presents performances, lecture & demonstrations. The goal is to have the people learn more about the the ancient Asian Shadow Theater.

Program Service Accomplishments

Program 1
Expenses: $171,719 Revenue: $91,690

The organization presents performances, lecture & demonstrations. The goal is to have the people learn more about the the ancient Asian Shadow Theater.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $169,498
Program Service Revenue $91,394
Investment Income $296
Other Revenue $1,510
TOTAL REVENUE $262,698

Expense Breakdown

Grants Paid $100
Salaries & Benefits $172,198
Fundraising Expenses $676
Program Expenses $171,719
Other Expenses $134,132
TOTAL EXPENSES $306,430

Year-over-Year Comparison

2023 2022 Change
Revenue $262,698 $309,197 -0.2%
Expenses $306,430 $322,876 -0.1%
Net Income $-43,732 $-13,679 +2.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$78,713
Total Directors
11
$78,713
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kuang Yu Fong Exec Director 40.00
Officer Director
$32,650 $0 $32,650
Junling Wang Director 2.00
Director
$0 $0 $0
Stephen Kaplin Treasurer 40.00
Officer Director
$46,063 $0 $46,063
Xiaoming Zhang Director 2.00
Director
$0 $0 $0
Natalie Christo President 2.00
Officer Director
$0 $0 $0
Virginia Wang Director 2.00
Director
$0 $0 $0
Fanping Chen Director 2.00
Director
$0 $0 $0
Vera Lai-Buonora Director 2.00
Officer Director
$0 $0 $0
Jane Wei Director 2.00
Director
$0 $0 $0
Richard Chang Director 2.00
Director
$0 $0 $0
Benton Fairservis Teviot 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $262,698 $306,430 $221,030 $-43,732
2023 $309,197 $322,876 $269,587 $-13,679
2022 $314,240 $231,172 $344,859 $83,068
2021 $315,219 $200,992 $192,916 $114,227
2019 $242,999 $235,371 $61,314 $7,628
2018 $265,369 $249,138 $57,286 $16,231
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