ASSOCIATION OF CHINESE AMERICAN PHYSICIANS USA INC

EIN: 261618284 501(c)(3) Education

FLUSHING, NY

Total Revenue
$270,341
Total Expenses
$319,274
Total Assets
$424,380
Net Assets
$410,925
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
ZIQIANG ZHU
Phone
7183218798
Tax Period
2023-11-01 to 2024-10-31

ASSOCIATION OF CHINESE AMERICAN PHYSICIANS USA INC, founded in 2007, is a small nonprofit in the Education sector that reported $270K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $319K exceeded revenue, resulting in a 18% operating deficit.

Mission

To foster programs that enable physicians to form a professional community in the practice of medicine, provide opportunities for physicians to participate in the governance and decision-making of health care policies that affect the communities that they serve, promote and develop a cooperative working relationship among physicians, and provide opportunities for physician education and professional development.

Program Service Accomplishments

Program 1
Expenses: $195,757 Revenue: $19,192

Association of Chinese American Physicians(ACAP) hosts annual scientific convention. Each year our convention features an outstanding Continuing Medical Education(CME) program including updates and...

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Association of Chinese American Physicians(ACAP) hosts annual scientific convention. Each year our convention features an outstanding Continuing Medical Education(CME) program including updates and innovations in medicine.Annual gala and holiday celebrations are joyful social gathering for our members, families, colleagues, and friends. Special guests and outstanding healthcare professionals are honored and awarded for their professional achievement and participation in community services.Annual Summer and Winter CME Trip provide our members and their families opportunities to relax and enjoy the life outside their medical practice.Annual Practice Management meeting with focus on clinical outcomes, medical jurisprudence, office coding and billing, accounting basics, marketing and electronic health records. To foster the love of Science and Biomedicine in the younger generations, ACAP had established an annual Science Fair for high school and middle school students to showcase their research projects. Many of our finalists and semi-finalists are accepted into top universities and/or receive awards from other nationally recognized science competitions.Community Health Fair featuring free health education talks, one on one physician consultation and health screening provided by many local hospitals is held annually for over 10 years in Flushing Chinese Community.To help improving healthcare awareness in Chinese Community, ACAP launched Community Health Education Partnership (CHEP) in 2014 to host monthly educational talks at local library and senior centers.Arrangement of mock interviews for the Chinese Medical Graduates who have completed USMLE exam and applying for residency training. This program has been very successful to help the candidate to prepare for their residency interview.Establishment of Observership Program in both inpatient and outpatient settings for Chinese Medical Graduates to gain US clinical experience and get familiar with US Health Care System.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $247,370
Program Service Revenue $19,192
Investment Income $2,455
Other Revenue $1,324
TOTAL REVENUE $270,341

Expense Breakdown

Grants Paid $13,000
Salaries & Benefits $90,346
Fundraising Expenses $78,353
Program Expenses $195,757
Other Expenses $215,928
TOTAL EXPENSES $319,274

Year-over-Year Comparison

2023 2022 Change
Revenue $270,341 $303,748 -0.1%
Expenses $319,274 $307,715 +0.0%
Net Income $-48,933 $-3,967 +11.3%
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
28
Independent Members
28
Employees
1
Volunteers
31

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
5
$0
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIN LI CEO 5.00
Officer Director
$0 $0 $0
ZIQIANG ZHU President 5.00
Officer Director
$0 $0 $0
LINLE HOU BOARD MEMBER 1.00
Director
$0 $0 $0
YULIN WANG Vice President 5.00
Officer Director
$0 $0 $0
GARY GUO Board member 5.00
Director
$0 $0 $0
WENSONG LI Board member 5.00
Director
$0 $0 $0
RULIANG XU Board member 1.00
Director
$0 $0 $0
FANG MING DENG Secretary 5.00
Officer Director
$0 $0 $0
ZIMEI ZHOU BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN TIN BOARD MEMBER 1.00
Director
$0 $0 $0
JIACHY ZHENG BOARD MEMBER 1.00
Director
$0 $0 $0
YONGPENG GU BOARD MEMBER 1.00
Director
$0 $0 $0
LINYING HAN BOARD MEMBER 1.00
Director
$0 $0 $0
ZILI HE BOARD MEMBER 1.00
Director
$0 $0 $0
KYTH TRIEU BOARD MEMBER 1.00
Director
$0 $0 $0
HONG JIA Board member 1.00
Director
$0 $0 $0
MING JIANG BOARD MEMBER 1.00
Director
$0 $0 $0
PENG LEE BOARD MEMBER 1.00
Director
$0 $0 $0
WEI LIU BOARD MEMBER 1.00
Director
$0 $0 $0
BAOQING LI BOARD MEMBER 1.00
Director
$0 $0 $0
HUIJUAN LIAO BOARD MEMBER 1.00
Director
$0 $0 $0
LI LU BOARD MEMBER 1.00
Director
$0 $0 $0
QIUSHENG SI BOARD MEMBER 1.00
Director
$0 $0 $0
YUFEI TU BOARD MEMBER 1.00
Director
$0 $0 $0
QINGLIANG TONY WANG Treasurer 1.00
Officer Director
$0 $0 $0
JING XU BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF XU BOARD MEMBER 1.00
Director
$0 $0 $0
QING ZHANG BOARD MEMBER 1.00
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 $270,341 $319,274 $424,380 $-48,933
2023 $303,748 $307,715 $475,512 $-3,967
2021 $255,048 $159,711 $486,403 $95,337
2020 $705,389 $657,153 $388,749 $48,236
2019 $234,076 $208,102 $340,513 $25,974
2018 $251,776 $190,296 $314,539 $61,480
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