TAIWANESE AMERICAN COUNCIL OF GREATER NEW YORK INC

EIN: 371549859 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$84,442
Total Expenses
$84,511
Total Assets
$16,103
Net Assets
$16,103
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
HONG-TIEN LAI
Phone
2126798036
Tax Period
2023-01-01 to 2023-12-31

TAIWANESE AMERICAN COUNCIL OF GREATER NEW YORK INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $84K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE TAIWANESE AMERICAN COUNCIL OF GREATER NEW YORK INC. (TAC-GNY) IS TO COORDINATE TAIWANESE ORGANIZATION AND CLUBS IN THE GREATER NEW YORK AREA. TAC-GNY ALSO PROMOTES TAIWANESE CULTURE AND VISITATION AND EDUCATES THE COMMUNITY OF GREAT NEW YORK ABOUT TAIWANESE AMERICAN HERITAGE. TAC-GNY SERVES AS A COORDINATING APPARATUS OF TAIWANESE AMERICAN ORGANIZATIONS AND CLUBS IN THE GREATER NEW YORK AREA IN ORDER TO PROMOTE THE WELL-BEING AND BETTERMENT OF THE COMMUNITY AND ITS MEMBERS. TAC-GNY ALSO PROMOTES FELLOWSHIP, EXTENDS ACQUAINTANCES AND EDUCATES THE COMMUNITY BY MEANS OF SOCIAL GATHERINGS AND OTHER FORMS OF SOCIAL INTERCOURSE. TAC-GNY HELPS OTHER ORGANIZATIONS CONDUCTS THROUGHOUT THE YEAR. TAC-GNY CONDUCTS 5 ANNUAL EVENTS AND VARIOUS OTHER OCCASIONAL COMMUNITY EVENTS THROUGHOUT THE YEAR IN THE GREATER NEW YORK AREA. THE 2 MAJOR EVENT HELD ANNUALLY WAS "PASSPORT TO TAIWAN" HELD IN MAY AND "HELLO TAIWAN ROCKS" CONCERTS HELD IN JUNE. TAC-GNY PROMOTES EXHIBITIONS, BRINGS IN

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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 $84,442
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $84,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $83,143
Other Expenses $84,511
TOTAL EXPENSES $84,511

Year-over-Year Comparison

2023 2022 Change
Revenue $84,442 $56,933 +0.5%
Expenses $84,511 $85,903 0.0%
Net Income $-69 $-28,970 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
15

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BORCHENG HSU TREASURER N/A
Officer Director
$0 $0 $0
PATRICK HUANG SECRETARY N/A
Officer Director
$0 $0 $0
YI-MIAO HUANG SECRETARY N/A
Officer Director
$0 $0 $0
HONG-TIEN LAI PRESIDENT N/A
Officer Director
$0 $0 $0
YA-LING LIN BOARD MEMBER N/A
Director
$0 $0 $0
CHI-WEI LU BOARD MEMBER N/A
Director
$0 $0 $0
SHUI-YEH WEI BOARD MEMBER N/A
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 No data No data No data No data
2023 $84,442 $84,511 $16,103 $-69
2022 $56,933 $85,903 $16,172 $-28,970
2021 $103,512 $120,599 $45,142 $-17,087
2020 $102,574 $57,005 $62,229 $45,569
2019 $138,962 $154,920 $16,660 $-15,958
2018 $198,669 $199,089 $32,618 $-420
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