CHINESE NEW YEAR FESTIVAL COMMITTEE CHINESE CHAMBER OF COMMERCE OF SF Charity Report

Public IRS 990 nonprofit record

CHINESE NEW YEAR FESTIVAL COMMITTEE CHINESE CHAMBER OF COMMERCE OF SF

EIN 94-0382730 · Fairs (N52)

What they do

to EDUCATE THE GENERAL PUBLIC of CHINESE CULTURE IN ORDER to PROMOTE and IMPROVE THE BUSINESS CONDITIONS WITHIN THE CHINESE COMMUNITY IN THE SAN FRANCISCO BAY AREA and WORLDWIDE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders38 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

67.92%of revenue went to mission work80.6% of expenses · Program services

$84.28spent for every $100 of revenueRevenue covered expenses this year.

20.16%of revenue went to management and office costs23.9% of expenses

$1.25in assets for every $1 spent this yearSome assets cannot be spent right away.

18.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $131,277 for TONY LAU (BOARDMEMBER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,120,171

Mission workProgram services$2,119,37267.92% of revenue80.6% of expenses

ManagementOffice and general costs$629,04920.16% of revenue23.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$490,42415.72% of revenueShown in gray on the chart

Total expenses$2,629,74784.28% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.6% mission · 23.9% management · 0.0% fundraisingTotal expenses: 84.28% of revenue

2023Expense mix: 79.6% mission · 15.3% management · 0.0% fundraisingTotal expenses: 88.03% of revenue

2022Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 94.32% of revenue

2021Expense mix: 87.0% mission · 13.0% management · 0.0% fundraisingTotal expenses: 98.68% of revenue

2020Expense mix: 72.7% mission · 27.3% management · 0.0% fundraisingTotal expenses: 104.12% of revenue

2019Expense mix: 88.3% mission · 11.7% management · 0.0% fundraisingTotal expenses: 85.43% of revenue

2018Expense mix: 87.3% mission · 12.7% management · 0.0% fundraisingTotal expenses: 89.36% of revenue

Money in and money out

Revenue$3,120,171

Expenses$2,629,747

Annual surplus $490,424 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,119,372 · 80.6% of expenses

Management and office costs$629,049 · 23.9% of expenses

See all reported dollar amounts

Revenue$3,120,171

Expenses$2,629,747

Assets$3,274,972

Income$3,123,618

Contributions$579,749

Mission work (program services)$2,119,372

Grants given$538,646

Average grant$8,688

Management and general$629,049

Accounting fees$7,180

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TONY LAUBOARDMEMBER · 1 hrs/week $131,277

HARLAN WONGBOARDMEMBER $54,000

MICHAEL LAUDIRECTOR $30,000

JUDY LEEDIRECTOR $20,771

EDMOND LEWDIRECTOR $9,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (38)

TONY LAUBOARDMEMBER

HARLAN WONGBOARDMEMBER

MICHAEL LAUDIRECTOR

JUDY LEEDIRECTOR

EDMOND LEWDIRECTOR

MAY ANN WONGDIRECTOR

KATHERINE ZHANGBOARDMEMBER

KEN HODIRECTOR

KENNY LAUBOARDMEMBER

KENNY TSEDIRECTOR

KINSON WONGDIRECTOR

LINDA CHOWBOARDMEMBER

MALCOLM YEUNGDIRECTOR

JIEQUN YANGDIRECTOR

MICHAEL KAYDIRECTOR

MING ZHOUDIRECTOR

RICHARD WANASST TREASURER

RINGO WONGDIRECTOR

ROBERT CHIANGDIRECTOR

STILWELL YANGBOARDMEMBER

WADE LAISUPERVISORY PRE

DEREK FONGDIRECTOR

AMANDA YANDIRECTOR

ANDY ZHAODIRECTOR

ANSON HUNGDIRECTOR

BEN MAN GONGSUPERVISORY VP

BENNY XIONGDIRECTOR

CALVIN LOUIETREASURER

CHELSEA HUNGDIRECTOR

DAVID LUOBOARDMEMBER

ALEX FONGBOARDMEMBER

DONALD LUUPRESIDENT

ERIC CHUNGDIRECTOR

FRANCIS SODIRECTOR

GEORGE MAK2ND VICE PRESID

GRACE YUENDIRECTOR

HON KEUNG SOSECRETARY

JEFF CHOWDIRECTOR

About this charity

Recognized since: January 1964
Location: 730 SACRAMENTO ST, SAN FRANCISCO, CA 94108-2505
County: City and County of San Francisco
In care of: DONALD LUU
Primary officer: DONALD LUU, President

How to reach them

Phone(415) 982-3000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FONG KO & ASSOCIATES LLP
NTEE classification: Fairs (N52)
IRS tax category: Fairs
Grant-giving organization: Yes