PHILIPPINE AMERICAN COMMUNITY OF BERGEN COUNTY

EIN: 222187342 501(c)(3)

New City, NY

Total Revenue
$142,299
Total Expenses
$42,060
Total Assets
$158,387
Net Assets
$122,611
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NJ
Principal Officer
Elmer Abustan
Phone
8453528756
Tax Period
2020-01-01 to 2020-12-31

PHILIPPINE AMERICAN COMMUNITY OF BERGEN COUNTY, founded in 1978, is a small nonprofit that reported $142K in total revenue in fiscal year 2020. The organization ran a surplus of $100K, a strong 70% operating margin.

Mission

Preserve the spiritual heritage of the members through community observance of religious feasts common to Filipino faith, provide financial assistance to victims of natural calamities; provide financial assistance to needy but academically gifted students; provide medical missions to the underprivileged citizens; and provide such other educational, charitable and social and welfare assistance to the members.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,815
Investment Income $152,996
Other Revenue $-12,512
TOTAL REVENUE $142,299

Expense Breakdown

Grants Paid $4,225
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,225
Other Expenses $37,835
TOTAL EXPENSES $42,060

Year-over-Year Comparison

2020 2019 Change
Revenue $142,299 $-8,810 -17.2%
Expenses $42,060 $6,914 +5.1%
Net Income $100,239 $-15,724 -7.4%
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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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
N/A
Employees
N/A
Volunteers
75

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arlene Abella Director 2
Director
$0 $0 $0
Solomon Alcantara Director 2
Director
$0 $0 $0
Emma Aquino Director 2
Director
$0 $0 $0
Edith Esquieres Director 2
Director
$0 $0 $0
Lino Mier Director 2
Director
$0 $0 $0
Elmer Abustan President 7
Officer
$0 $0 $0
Ernesto Simpliciano Treasurer 5
Officer
$0 $0 $0
Edwin Dolores Vice-president 2
Officer
$0 $0 $0
Rheci Abustan Secretary 3
Officer
$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
2020 $142,299 $42,060 $158,387 $100,239
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