Civic Intelligence

Create in Chinatown Inc

990 • Fiscal year 2023 • EIN 20-0434850

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

231 West 29th Street Ste 602New York, NY 10001

(212) 563-0392

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.12x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.14x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$78,333

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

316%

Faster asset growth than 97% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

317%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,114,087

Up $1,606,177 (+316%) from 2022

Net Assets

Up

$1,858,712

Up $1,369,509 (+280%) from 2022

Liabilities

Up

$255,375

Up $236,668 (+1265%) from 2022

Revenue

Up

$1,834,322

Up $1,394,104 (+317%) from 2022

Expenses

Up

$469,786

Up $255,050 (+119%) from 2022

Net Income

Up

$1,364,536

Up $1,139,054 (+505%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2021: $278,788Liabilities 2021: $4,601Net Assets 2021: $274,1872021Assets 2022: $507,910Liabilities 2022: $18,707Net Assets 2022: $489,2032022Assets 2023: $2,114,087Liabilities 2023: $255,375Net Assets 2023: $1,858,7122023Assets 2024: $2,363,736Liabilities 2024: $171,222Net Assets 2024: $2,192,5142024

Highlighted filing

2023

Assets$2,114,087
Liabilities$255,375
Net Assets$1,858,712

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $341,863Expenses 2021: $127,061Net Income 2021: $214,8022021Revenue 2022: $440,218Expenses 2022: $214,736Net Income 2022: $225,4822022Revenue 2023: $1,834,322Expenses 2023: $469,786Net Income 2023: $1,364,5362023Revenue 2024: $903,313Expenses 2024: $575,231Net Income 2024: $328,0822024

Highlighted filing

2023

Revenue$1,834,322
Expenses$469,786
Net Income$1,364,536
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$1,834,322
Mission and Program Overview

Mission

Thinkchinatowns mission is to foster inter-generational community through neighborhood engagement, storytelling and the arts. Tcs aim is to overcome barriers of community organization where socio-economic factors, language, and cultural barriers create challenges for immigrant communities autonomy to make decisions in their own neighborhood.

Foster inter-generational community through neighborhood engagement, storytelling and the arts by listening, responding and building chinatowns capabilities as a strong and vibrant immigrant neighborhood in nyc

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,051$1,334,611▲ $1,234,560
Pledges and Grants Receivable$96,372$424,683▲ $328,311
Cash and Non-Interest-Bearing Accounts$308,252$52,799▼ $255,453
Accounts Receivable$675$3,900▲ $3,225
Prepaid Expenses and Deferred Charges$2,560$3,242▲ $682
Total Assets$507,910$2,114,087▲ $1,606,177
Other Assets Total-$294,852-
Liabilities
Other Liabilities$10,466$245,893▲ $235,427
Accounts Payable and Accrued Expenses$8,241$9,482▲ $1,241
Total Liabilities$18,707$255,375▲ $236,668
Net Assets / Fund Balance
Net Assets With Donor Restrictions$109,951$1,130,750▲ $1,020,799
Net Assets Without Donor Restrictions$379,252$727,962▲ $348,710
Total Net Assets Fund Balance$489,203$1,858,712▲ $1,369,509
Total Liabilities and Net Assets / Fund Balance$507,910$2,114,087▲ $1,606,177

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$9,364--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hai Yin KongExecutive Director / Co-founderFT$78,333$78,333

Board Members and Trustees

NameTitle
Amy ChinPresident
Kerri CulhaneDirector
Robert LeeDirector
Olympia Ingriselli-moyDirector / Co-founder
Kathleen Wah LeeSecretary
Lillian ChoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,795,519
Program Service Revenue
$27,933
Investment Income
$9,560
Other Revenue
$1,310
All Other Contributions
$1,560,270
Change in Net Assets
$1,364,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,825,312
Revenue Not Reported on Financial Statements
$9,010
Revenue Not Reported on Form 990
$109,540
Other Revenue Adjustments
$9,010
Total Revenue per Audited Statements
$1,934,852
Total Revenue per Form 990
$1,834,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,316
Salaries, Compensation, and Employee Benefits$140,470
Total Fundraising Expense$11,904
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$129,691$17,479$1,794$148,964
Occupancy$75,698$8,441-$84,139
Current Officers, Directors, Trustees, and Key Employees$55,650$11,130$7,420$74,200
Other Salaries and Wages$55,650--$55,650
Office Expenses$37,408$5,614$1,095$44,117
Fees for Services Accounting-$22,000-$22,000
Conferences and Meetings$8,078$988$988$10,054
Payroll Taxes$8,514$851$568$9,933
Travel$7,503$1,531-$9,034
Insurance$4,053$728-$4,781
Fees for Services Legal-$2,500-$2,500
Other Expenses$1,078$462-$1,540
Other Employee Benefits$589$59$39$687
Total Functional Expenses$385,662$72,220$11,904$469,786

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$565,343
Total Expenses per Form 990$469,786
Expenses per Audited Statements$455,803
Expenses Not Reported on Form 990$109,540
Expenses Not Reported on Financial Statements$13,983
Other Expense Adjustments$13,983
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency funds payable$240,400
Federal income taxes$5,493
Lease obligations - operating lease-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 8B

Create in chinatown, inc. Dba thinkchinatown has no committees at this time.

Form 990, Part VI, Section B, Line 11B

Form 990 is submitted to the entire board of thinkchinatown for review.

Form 990, Part VI, Section B, Line 15A

Compensation for the executive director is based on research similarly sized non-profits in comparable fields / industries and weighed with consideration of cost of living and consumer price index trends and the executive directors performance. This information is reviewed then recommendations are made and approved by the board.

Form 990, Part VI, Section C, Line 19

Thinkchinatowns governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Create in Chinatown Inc
EIN
20-0434850
Phone
2125630392
Address
231 WEST 29TH STREET STE 602, NEW YORK, NY 10001
Doing Business As
Thinkchinatown

Signing Officer

Name
Amy Chin
Title
President
Phone
2125630392
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Chin
Formed
2003
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
80

Preparer

Firm
Winnie Tam & Co Pc
Address
50 BROAD STREET SUITE 1002, NEW YORK, NY 10004
Preparer
Jessie Tam-moy
Phone
2127854600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Fees for services - other of 148,964 consists of administrative consultants of 34,794, graphics design of 2,551, event production coordinators of 11,500, storytelling production / artists fees of 47,600, tech production of 43,278, fiscal sponsorship project consultants of 6,908 and various consultant fees of 2,333.

Financial Statement Notes

X 2

- thinkchinatown adopted fasb guidance on uncertain income tax positions in its financial statements. Thinkchinatown recognizes the effect of tax positions only when they are more likely than not of being sustained. Management is not aware of any violation of its tax status as an organization exempt from income taxes.

XI 4B

- fiscally sponsored projects income

XII 4B

- fiscally sponsored projects expenses

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IRS990/ProgSrvcAccomActy2Grp/Desc0STORYTELLING AND THE ARTS - PRESENT THE GRASSROOTS ARTS OF CHINATOWN AND GIVE CONTEXT TO EMERGING ASIAN-AMERICAN ARTISTS THROUGH INNOVATIVE CULTURAL PRODUCTIONS, ART COMMISSIONS AND EXHIBITS VALUE INTERGENERATIONAL LEARNING AND HONOR HISTORIES THAT REPRESENT THE COMMUNITY THROUGH MULTIMEDIA ORAL HISTORY PROJECTS, CULTURAL CLASSES AND TALKS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0138712
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt017433
IRS990/ProgSrvcAccomActy3Grp/Desc0FISCALLY SPONSORED PROJECTS FOR CHINATOWN CORE BLOCK ASSOCIATION/MEET US IN CHINATOWN, PRECIOUS CARGO AKA JUST BETWEEN US, AND SISTERS IN SELF DEFENSE.
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
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IRS990/PYProgramServiceRevenueAmt016115
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01334611
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section B Line 10 - OTHER INCOME IS USED TO SUPPORT THE ORGANIZATIONS TAX EXEMPT ACTIVITIES.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01795519
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0327662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt032779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt046341
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09560
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09611
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt096989
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01310
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0331
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01641
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57970
IRS990ScheduleA/PublicSupportPY170Pct00.94070
IRS990ScheduleA/PublicSupportTotal170Amt01529106
IRS990ScheduleA/SubstantialContributorsTotAmt01097248
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01795519
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt032779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt046341
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02626354
IRS990ScheduleA/TotalSupportAmt02637606
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0109540
IRS990ScheduleD/DonatedServicesUseFcltsAmt0109540
IRS990ScheduleD/ExpensesNotReportedAmt0109540
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt013983
IRS990ScheduleD/ExpensesSubtotalAmt0455803
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1238769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29364
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from governmental agencies
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Right-of-use lease assets, net of accum amortization
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Security deposit
IRS990ScheduleD/OtherExpensesNotIncludedAmt013983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1240400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Agency funds payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Lease obligations - operating lease
IRS990ScheduleD/OtherRevenuesNotIncludedAmt09010
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt0109540
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt09010
IRS990ScheduleD/RevenueSubtotalAmt01825312
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0- THINKCHINATOWN ADOPTED FASB GUIDANCE ON UNCERTAIN INCOME TAX POSITIONS IN ITS FINANCIAL STATEMENTS. THINKCHINATOWN RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1- FISCALLY SPONSORED PROJECTS INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2- FISCALLY SPONSORED PROJECTS EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XI 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2XII 4b
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IRS990ScheduleD/TotalExpensesPerForm990Amt0469786
IRS990ScheduleD/TotalLiabilityAmt0245893
IRS990ScheduleD/TotalRevenuePerForm990Amt01834322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01934852
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0565343
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREATE IN CHINATOWN, INC. DBA THINKCHINATOWN HAS NO COMMITTEES AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS SUBMITTED TO THE ENTIRE BOARD OF THINKCHINATOWN FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS BASED ON RESEARCH SIMILARLY SIZED NON-PROFITS IN COMPARABLE FIELDS / INDUSTRIES AND WEIGHED WITH CONSIDERATION OF COST OF LIVING AND CONSUMER PRICE INDEX TRENDS AND THE EXECUTIVE DIRECTORS PERFORMANCE. THIS INFORMATION IS REVIEWED THEN RECOMMENDATIONS ARE MADE AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THINKCHINATOWNS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEES FOR SERVICES - OTHER OF 148,964 CONSISTS OF ADMINISTRATIVE CONSULTANTS OF 34,794, GRAPHICS DESIGN OF 2,551, EVENT PRODUCTION COORDINATORS OF 11,500, STORYTELLING PRODUCTION / ARTISTS FEES OF 47,600, TECH PRODUCTION OF 43,278, FISCAL SPONSORSHIP PROJECT CONSULTANTS OF 6,908 AND VARIOUS CONSULTANT FEES OF 2,333.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0507910
IRS990/TotalAssetsEOYAmt02114087
IRS990/TotalAssetsGrp/BOYAmt0507910
IRS990/TotalAssetsGrp/EOYAmt02114087
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01795519
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011904
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072220
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0385662
IRS990/TotalFunctionalExpensesGrp/TotalAmt0469786
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018707
IRS990/TotalLiabilitiesEOYAmt0255375
IRS990/TotalLiabilitiesGrp/BOYAmt018707
IRS990/TotalLiabilitiesGrp/EOYAmt0255375
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0489203
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01858712
IRS990/TotalProgramServiceExpensesAmt0385662
IRS990/TotalProgramServiceRevenueAmt027933
IRS990/TotalReportableCompFromOrgAmt078333
IRS990/TotalRevenueGrp/ExclusionAmt09560
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01834322

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