FOUNDATION FOR CHINESE PERFORMING ARTS INC

EIN: 222976645 501(c)(3)

LINCOLN, MA

Total Revenue
$283,828
Total Expenses
$288,773
Total Assets
$473
Net Assets
$473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MA
Principal Officer
CATHERINE CHAN
Phone
7812598195
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR CHINESE PERFORMING ARTS INC, founded in 1989, is a small nonprofit that reported $284K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

PRIMARY EXEMPT PURPOSE - TO PROMOTE CHINESE ETHNICAND CULTURE THROUGH MUSIC AND PERFORMING ARTS, AND TO ENHANCE THEUNDERSTANDING AND APPRECIATION OF THE EASTERN HERITAGE.

Program Service Accomplishments

Program 1
Expenses: $5,244

THERE IS AN ALL-AMERICAN CHINESE BRUSH PAINTING AND CALLIGRAPHY COMPETITION FOR AGE 22 AND UNDER. THEY PARTICIPATE IN 8 GROUPS. ABOUT 90 ENTRIES WERE ACCEPTED (DUE TO SCHOOL CLOSURE) AND THERE IS NO...

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THERE IS AN ALL-AMERICAN CHINESE BRUSH PAINTING AND CALLIGRAPHY COMPETITION FOR AGE 22 AND UNDER. THEY PARTICIPATE IN 8 GROUPS. ABOUT 90 ENTRIES WERE ACCEPTED (DUE TO SCHOOL CLOSURE) AND THERE IS NO APPLICATION FEE. WINNERS RECEIVE A CASH AWARD, CERTIFICATE AND A SILK MOUNTING WINNING ARTS, PHOTOGRAPH AND EXHIBITION. PROFESSIONAL JURY RECEIVE HONORARIUM, TRAVEL AND MEAL EXPENSES.

Program 2
Expenses: $246,609

FREE CLASSICAL MUSIC CONCERTS BY 19 OUTSTANDING ASIAN MUSICIANS. PERFORMERS RECEIVE TRAVEL, HOTEL AND MEAL EXPENSES. EXPENSES INCLUDING SITE RENTAL, PROMOTION, PRINTING, RECORDING AND PRACTICE ROOM...

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FREE CLASSICAL MUSIC CONCERTS BY 19 OUTSTANDING ASIAN MUSICIANS. PERFORMERS RECEIVE TRAVEL, HOTEL AND MEAL EXPENSES. EXPENSES INCLUDING SITE RENTAL, PROMOTION, PRINTING, RECORDING AND PRACTICE ROOM. THEY ALSO RECIEVE A CASH HONORARIUM. CASH DONATIONS ARE RECIEVED AT THE DOOR

Program 3
Expenses: $25,450

CONCERTO COMPETITION FOR ALL PIANIST UP TO AGE 35. THERE IS AN APPLICATION FEE OF $80 PER APPLICANT. VIDEO PRELIMINARY WITH IN PERSON TRYOUTS FOR SEMIFINAL AND FINAL RUNS. JURY PANEL OF 10...

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CONCERTO COMPETITION FOR ALL PIANIST UP TO AGE 35. THERE IS AN APPLICATION FEE OF $80 PER APPLICANT. VIDEO PRELIMINARY WITH IN PERSON TRYOUTS FOR SEMIFINAL AND FINAL RUNS. JURY PANEL OF 10 PROFESSIONAL MUSICIANS. THEY RECEIVE HONORARIUM, HOTEL, TRAVEL AND MEALS. WINNERS RECEIVE AWARDS AND PERFORMANCE WITH THE ORCHESTRA.

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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 $283,828
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $283,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,200
Program Expenses $277,303
Other Expenses $288,773
TOTAL EXPENSES $288,773

Year-over-Year Comparison

2023 2022 Change
Revenue $283,828 $230,220 +0.2%
Expenses $288,773 $272,804 +0.1%
Net Income $-4,945 $-42,584 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE CHAN PRESIDENT/TREASURER 1.00
Officer
$0 $0 $0
VICKIE CHANG CLERK1 1.00
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
2024 No data No data No data No data
2023 $283,828 $288,773 $473 $-4,945
2022 $230,220 $272,804 $5,418 $-42,584
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