CHINESE AMERICAN MUSEUM FOUNDATION

EIN: 821782141 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$850,591
Total Expenses
$843,399
Total Assets
$75,916
Net Assets
$33,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DC
Principal Officer
JENNY LIU
Phone
2028383180
Tax Period
2024-01-01 to 2024-12-31

CHINESE AMERICAN MUSEUM FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $851K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE CHINESE AMERICAN MUSEUM FOUNDATION (THE MUSEUM) IS DEDICATED TO THE COLLECTION, PRESERVATION, RESEARCH, AND EXHIBITION OF CHINESE AMERICAN HISTORICAL AND CULTURAL MATERIALS REFLECTING THE BREADTH AND DEPTH OF THE EXPERIENCES OF CHINESE AMERICANS IN THE UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $552,560

THE MUSEUM'S PROGRAM SERVICES INCLUDE THE CONTINUED DEVELOPMENT OF THE FIVE STORY DESTINATION IN DOWNTOWN WASHINGTON, DC THAT FEATURES PERMANENT AND SPECIAL EXHIBITS AND EVENTS. THE MUSEUM SERVES TO...

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THE MUSEUM'S PROGRAM SERVICES INCLUDE THE CONTINUED DEVELOPMENT OF THE FIVE STORY DESTINATION IN DOWNTOWN WASHINGTON, DC THAT FEATURES PERMANENT AND SPECIAL EXHIBITS AND EVENTS. THE MUSEUM SERVES TO POSITIVELY IMPACT PEOPLE FROM ALL BACKGROUNDS, ACROSS THE COUNTRY AND ABROAD THROUGH CURATED EXHIBITS, ONLINE EXPERIENCES, EDUCATIONAL PROGRAMS AND COMMUNITY EVENTS. THE MUSEUM IS OPEN TO THE PUBLIC FOUR DAYS A WEEK, AND ADMISSION IS FREE. THERE MUSEUM HAS 300-800 VISITORS PER MONTH.THE FOLLOWING EVENTS TOOK PLACE AT THE MUSEUM DURING 2024:-BOOK LAUNCH PRESENTATION: CORKY LEE'S ASIAN AMERICA, THURSDAY, APRIL 11, 2024.-MEET THE DESIGNER: HANGYU GONG - QIPAO CULTURE, THURSDAY, APRIL 25, 2024.-FIRST FRIDAY OF EACH MONTH, DUPONT CIRCLE'S MUSEUMS, GALLERIES, AND CULTURAL EXHIBITS OPEN THEIR DOORS TO THE PUBLIC AFTER HOURS. CAMDC HOSTEDTHE EVENT ON FRIDAY, APRIL 5, 2024.-CONVERSATION WITH FRANCESCA ZAMBELLO, ARTISTIC DIRECTOR, WASHINGTON NATIONAL OPERA, CHRISTOPHER TIN ABOUT TURANDOT AT CAMDC, APRIL 2024.-REMEMBRANCE OF THE SHANGRAO MILITARY & CIVILIAN RESCUE OF THE DOLITTLE RAIDERS DURING WWII, MAY 2024.-LONGHUA TEMPLE CHINESE VEGETARIAN FOOD EXHIBITION AT THE RONALD REAGAN BUILDING AND INTERNATIONAL TRADE CENTER (REAGAN) ON SEPTEMBER 26, 2024.-UNDER THE BODHI TREE: ART AND ARCHITECTURE OF THE LONGHUA TEMPLE FEATURES SCULPTURES AND IMAGES ILLUSTRATING BUDDHISM, ITS CULTURAL PRACTICES AND BUDDHIST ART IN MODERN SOCIETY. MARCH 2024 TO DECEMBER 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $843,841
Program Service Revenue $0
Investment Income $4
Other Revenue $6,746
TOTAL REVENUE $850,591

Expense Breakdown

Grants Paid $69,760
Salaries & Benefits $177,020
Fundraising Expenses $94,658
Program Expenses $552,560
Other Expenses $529,119
TOTAL EXPENSES $843,399

Year-over-Year Comparison

2024 2023 Change
Revenue $850,591 $1,004,417 -0.2%
Expenses $843,399 $1,272,848 -0.3%
Net Income $7,192 $-268,431 -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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Governance

Voting Members
5
Independent Members
4
Employees
4
Volunteers
4

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
3
$51,683
Total Directors
5
$11,772
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNY LIU VICE PRESIDENT/SECRETARY/TREASURER 30.00
Officer Director
$1,409 $10,363 $11,772
PHILIP QIU CHAIR 3.00
Officer Director
$0 $0 $0
NEIL CHEN DIRECTOR 2.00
Director
$0 $0 $0
JOANNA SHEN DIRECTOR 2.00
Director
$0 $0 $0
AMB MICHAEL USSERY DIRECTOR 2.00
Director
$0 $0 $0
DAVID UY EXECUTIVE DIRECTOR (THRU FEBRUARY) 40.00
Officer
$34,808 $5,103 $39,911
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 $850,591 $843,399 $75,916 $7,192
2023 $1,004,417 $1,272,848 $74,696 $-268,431
2022 $1,037,456 $1,082,328 $319,374 $-44,872
2021 $853,727 $931,562 $361,259 $-77,835
2020 $632,976 $705,671 $409,747 $-72,695
2019 $814,599 $877,604 $466,388 $-63,005
2018 $504,800 $479,893 $524,475 $24,907
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