PORTLAND CHINATOWN HISTORY FOUNDATION

EIN: 465386229 501(c)(3) Arts, Culture & Humanities

PORTLAND, OR

Total Revenue
$376,336
Total Expenses
$433,098
Total Assets
$3,376,875
Net Assets
$1,066,737
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
OR
Principal Officer
SARAH CHUNG
Phone
5032240008
Tax Period
2023-01-01 to 2023-12-31

PORTLAND CHINATOWN HISTORY FOUNDATION, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $433K exceeded revenue, resulting in a 15% operating deficit.

Mission

PORTLAND CHINATOWN HISTORY FOUNDATION'S MISSION IS TO HONOR, PRESERVE, AND INTERPRET THE HISTORY AND RICH CULTURAL HERITAGE OF PORTLAND'S HISTORIC CHINATOWNS.

Program Service Accomplishments

Program 1
Expenses: $230,829 Revenue: $11,401

IN 2023, THE MUSEUM EXPANDED ITS PROGRAMMING AND DEEPENED ITS COMMUNITY IMPACT. WE INTRODUCED NEW LUNAR NEW YEAR EVENTS, INCLUDING DRAGON AND LION DANCE ACADEMIES, THE ANNUAL DRAGON CELEBRATION...

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IN 2023, THE MUSEUM EXPANDED ITS PROGRAMMING AND DEEPENED ITS COMMUNITY IMPACT. WE INTRODUCED NEW LUNAR NEW YEAR EVENTS, INCLUDING DRAGON AND LION DANCE ACADEMIES, THE ANNUAL DRAGON CELEBRATION, DRAGON RESTORATION EFFORTS, AND EDUCATIONAL MATERIALS ABOUT LUNAR NEW YEAR, ENGAGING BOTH VOLUNTEERS AND VISITORS IN MEANINGFUL WAYS. OUR TWO CRITICALLY ACCLAIMED EXHIBITIONS ON BUE KEE, OUR SECOND ARTIST IN RESIDENCE, RECEIVED WIDESPREAD ATTENTION. THESE EXHIBITIONS NOT ONLY BROUGHT RECOGNITION FROM THE OREGONIAN BUT ALSO INSPIRED SEVERAL COLLECTORS TO DONATE THEIR ENTIRE BUE KEE COLLECTIONS, ESTABLISHING THE MUSEUM AS A LANDMARK REPOSITORY OF HIS WORK. CONTINUED ON SCHEDULE O.THE BUE KEE EXHIBITION WILL BE THE SUBJECT OF TWO SCHOLARS' PANELS, ONE AT OUR MUSEUM AND ANOTHER AT THE COLLEGE ART ASSOCIATION.OUR ONGOING BOOK TALKS BECAME A STAPLE OF OUR PROGRAMMING, AND WE PARTNERED WITH VARIOUS ORGANIZATIONS TO HOST A VARIETY OF EVENTS. A NOTABLE ADDITION TO OUR OFFERINGS WAS THE VETERAN'S MEMORIAL COMMUNITY TALKING GROUPS, WHICH HELPED ENVISION A FUTURE MEMORIAL BY AND FOR THE CHINESE AMERICAN COMMUNITY IN THE PACIFIC NORTHWEST.ALTHOUGH OLD TOWN CHINATOWN CONTINUES TO FACE SIGNIFICANT CHALLENGES FROM THE ADDICTION AND HOUSELESSNESS CRISIS, OUR MUSEUM EXCEEDED EXPECTATIONS BY RETURNING TO PRE-PANDEMIC VISITOR NUMBERS AND EVEN SURPASSING THEM IN CERTAIN MONTHS, THANKS TO OUR QUALITY PROGRAMMING. OUR VOLUNTEER BASE DOUBLED, AND WE SUCCESSFULLY LAUNCHED A GENERAL OPERATIONS APPEAL THAT STRENGTHENED OUR FINANCIAL POSITION.LOOKING FORWARD, WITH OUR FIVE-YEAR CALENDAR FIRMLY IN PLACE AND EXHIBITIONS PLANNED WELL IN ADVANCE, WE ARE TURNING OUR ATTENTION TO OUR CAPITAL CAMPAIGN. SECURING THE PURCHASE OF OUR BUILDING WILL ENSURE OUR LASTING LEGACY IN THE NEIGHBORHOOD, ANCHORING US AS A VITAL PART OF OLD TOWN'S CULTURAL AND HISTORICAL PRESERVATION.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $350,211
Program Service Revenue $11,401
Investment Income $329
Other Revenue $14,395
TOTAL REVENUE $376,336

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,596
Fundraising Expenses $55,223
Program Expenses $230,829
Other Expenses $308,777
TOTAL EXPENSES $433,098

Year-over-Year Comparison

2023 2022 Change
Revenue $376,336 $294,956 +0.3%
Expenses $433,098 $363,202 +0.2%
Net Income $-56,762 $-68,246 -0.2%
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
10
Independent Members
10
Employees
5
Volunteers
100

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
$22,750
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRIS MATARAZZO PRESIDENT 5.00
Officer Director
$0 $0 $0
SARAH CHUNG VICE PRES/TREASURER 20.00
Officer Director
$0 $0 $0
TRACY QUAN SECRETARY 10.00
Officer Director
$0 $0 $0
DAVE DAHL BOARD OF DIRECTOR 2.00
Director
$0 $0 $0
NORM GHOLSTON BOARD OF DIRECTOR 5.00
Director
$0 $0 $0
KITTIE KONG BOARD OF DIRECTOR 5.00
Director
$0 $0 $0
MARCUS LEE BOARD OF DIRECTOR 2.00
Director
$0 $0 $0
REBECCA LIU BOARD OF DIRECTOR 2.00
Director
$0 $0 $0
FRANKLIN QUAN BOARD OF DIRECTOR 2.00
Director
$0 $0 $0
FRED M WONG BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
ANNA TRUXES EXECUTIVE DIRECTOR 20.00
Officer
$22,750 $0 $22,750
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 $376,336 $433,098 $3,376,875 $-56,762
2022 $294,956 $363,202 $3,440,613 $-68,246
2021 $409,968 $291,976 $3,634,102 $117,992
2020 $225,203 $243,665 $1,252,534 $-18,462
2019 $377,625 $538,332 $715,768 $-160,707
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