Civic Intelligence

Taiwanese American Foundation

990 • Fiscal year 2020 • EIN 23-7294877

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 22, 2021

Organization Profilewww.tafworld.org
98 Alder AvenueWayne, NJ 07470

(973) 907-7371

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

86th percentile

49%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$2,017,794

Up $1,109,998 (+122%) from 2018

Net Assets

Up

$2,017,794

Up $1,109,998 (+122%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Up

$325,638

Up $132,426 (+69%) from 2018

Expenses

Down

$23,759

Down $174,283 (-88%) from 2018

Net Income

Up

$301,879

Up $306,709 (+6350%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$3.0M$2.0M$1.0M$0Assets 2017: $1,167,788Liabilities 2017: $0Net Assets 2017: $1,167,7882017Assets 2018: $907,796Liabilities 2018: $0Net Assets 2018: $907,7962018Assets 2020: $2,017,794Liabilities 2020: $0Net Assets 2020: $2,017,7942020Assets 2021: $2,101,652Liabilities 2021: $0Net Assets 2021: $2,101,6522021Assets 2022: $1,989,322Liabilities 2022: $0Net Assets 2022: $1,989,3222022Assets 2023: $1,933,765Liabilities 2023: $0Net Assets 2023: $1,933,7652023Assets 2024: $1,993,601Liabilities 2024: $0Net Assets 2024: $1,993,6012024

Highlighted filing

2020

Assets$2,017,794
Liabilities$0
Net Assets$2,017,794
Open 2020 Filing

Operations Trend

Revenue Growth80th percentile

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

$600K$400K$200K$0-$200KRevenue 2017: $174,446Expenses 2017: $177,753Net Income 2017: -$3,3072017Revenue 2018: $193,212Expenses 2018: $198,042Net Income 2018: -$4,8302018Revenue 2020: $325,638Expenses 2020: $23,759Net Income 2020: $301,8792020Revenue 2021: $291,242Expenses 2021: $226,363Net Income 2021: $64,8792021Revenue 2022: $230,268Expenses 2022: $342,484Net Income 2022: -$112,2162022Revenue 2023: $295,982Expenses 2023: $356,068Net Income 2023: -$60,0862023Revenue 2024: $433,041Expenses 2024: $365,232Net Income 2024: $67,8092024

Highlighted filing

2020

Revenue$325,638
Expenses$23,759
Net Income$301,879
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 22, 2021
Return Version
2020v4.1
Gross Receipts
$1,838,694
Mission and Program Overview

Mission

To foster personal growth and development of servant leaders in the Taiwanese-American community for the benefit of society through the organization of an annual summer camp for over 250 youth in grades K-12 as well as providing mentoring opportunities for college and young professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,085,725$1,429,227▲ $343,502
Savings and Temporary Cash Investments$820,561$536,062▼ $284,499
Cash and Non-Interest-Bearing Accounts$36,043$52,505▲ $16,462
Total Assets$1,942,329$2,017,794▲ $75,465
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,942,329$2,017,794▲ $75,465
Total Net Assets Fund Balance$1,942,329$2,017,794▲ $75,465
Total Liabilities and Net Assets / Fund Balance$1,942,329$2,017,794▲ $75,465

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,097,674---$1,097,674
2019$1,097,674---$1,097,674
2018$1,097,674---$1,097,674
2017$595,495-▲ $502,179-$1,097,674
2016$497,201-▲ $98,294-$595,495
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
HoChie TsaiPresident
Pei-Lynn JuangConference Director
Alex YangDirector
Ana DerksenDirector
Dave ChiouDirector
Jessica FuDirector
Jonathan LeeDirector
Karen LinDirector
Spencer ChenDirector
Tim HuangDirector
Vince HuangExecutive Director
Nick HuangLegal Counsel
Dan LuSecretary
Kevin YauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,432
Program Service Revenue
$10,120
Investment Income
$287,086
Other Revenue
$0
All Other Contributions
$18,537
Change in Net Assets
$301,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,219
Grants and Similar Amounts Paid$1,540
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$3,389$2,698$0$6,087
Fees for Services Legal$0$3,384$0$3,384
All Other Expenses$2,844$308$0$3,152
Grants to Domestic Orgs$1,540--$1,540
Other Expenses$500$0$0$500
Insurance$0$314$0$314
Fees for Services Accounting$0$115$0$115
Advertising$0$96$0$96
Total Functional Expenses$14,648$9,111$0$23,759
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

“HoChie Tsai 1771 Highland Pl Apt 208 Berkley CA 94709”

Form 990, Part VI, Line 9

“Dan Lu 9725 Woods Drive Unit 712 Skokie IL 60077”

Form 990, Part VI, Line 9

“Nick Huang 10 W Market St Suite 700 Indianapolis IN 46204”

Form 990, Part VI, Line 9

“Kevin Lau 912 N Marguerita Ave Alhambra CA 91801”

Filing and Contact Details

Filer

Filer Name
Taiwanese American Foundation
EIN
23-7294877
Phone
9739077371
Address
98 Alder Avenue, Wayne, NJ 07470

Signing Officer

Name
Loren Kevin Yau
Title
Officer
Phone
9739077371
Signed
2021-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hochie Tsai
Formed
1974
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
8
Employees
0
Volunteers
80

Preparer

Firm
South Loop CPA LLC
Address
1006 S Michigan Ave, Chicago, IL 60605
Preparer
Gaurangkumar Patel
Phone
3128461110
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Currently, the review process of the 990 form consists of the organization's treasurer and assistant (both are TAF board members also) preparing the annual filing report and then sending the financial statement to the organization's president and legal counsel. The annual 990 form filing is not currently posted to the organization's web site. However, the 990 filing as well as annual state filing are made available to the public as part of the charitable organization annual report for the state of IL which posts the organization's annual report on its state Charitable Trust Bureau web site. The organization is currently reviewing and updating its by-laws.”

Pt VI, Line 2

“Alex Yang provides financial planning services to the following: Nick Huang, Jonathan Lee and Jessica Fu-Yang.”

Form 990, Part IX, Line 24E

“Site Storage 308. 0. 308. 0.”

Form 990, Part IX, Line 24E

“T Shirts 2844. 2844. 0. 0.”

Financial Statement Notes

Pt V, Line 4

“The primary purpose of the endowment fund is to provide grants and financial aid to support campers, teaching staff, and counselors who are not able to pay for the cost and expenses to attend the TAF summer conference or other TAF sponsored activites throughout the year. The endowment funds will also be used in the event there is a short-fall in receipts from normal programming, individual or institutional donations in future years. Lastly, the endowment fund is intended to provide scholarships for the next generation of Taiwanese-American youth and young professionals for programs that will foster personal development, leadership training opportunities, and community service.”

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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01000
IRS990/PYInvestmentIncomeAmt06627
IRS990/PYOtherExpensesAmt0203814
IRS990/PYOtherRevenueAmt01019143
IRS990/PYProgramServiceRevenueAmt0161476
IRS990/PYRevenuesLessExpensesAmt01001002
IRS990/PYTotalExpensesAmt0218014
IRS990/PYTotalProfFndrsngExpnsAmt013200
IRS990/PYTotalRevenueAmt01219016
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0301879
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010120
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0820561
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0536062
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Sale of Securities, Reinvested in Endowment Fund 2016: 9455.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt038552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0193246
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0190176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0174446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0170901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0767321
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0255181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01025770
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0397
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01284678
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt09455
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09455
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.37220
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.43360
IRS990ScheduleA/PublicSupportTotal170Amt0767321
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt038552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0193246
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0190176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0174446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0170901
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0767321
IRS990ScheduleA/TotalSupportAmt02061454
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01097674
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01097674
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01097674
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01097674
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01097674
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01097674
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0595495
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01097674
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0502179
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0497201
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0595495
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt098294
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The primary purpose of the endowment fund is to provide grants and financial aid to support campers, teaching staff, and counselors who are not able to pay for the cost and expenses to attend the TAF summer conference or other TAF sponsored activites throughout the year. The endowment funds will also be used in the event there is a short-fall in receipts from normal programming, individual or institutional donations in future years. Lastly, the endowment fund is intended to provide scholarships for the next generation of Taiwanese-American youth and young professionals for programs that will foster personal development, leadership training opportunities, and community service.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Currently, the review process of the 990 form consists of the organization's treasurer and assistant (both are TAF board members also) preparing the annual filing report and then sending the financial statement to the organization's president and legal counsel. The annual 990 form filing is not currently posted to the organization's web site. However, the 990 filing as well as annual state filing are made available to the public as part of the charitable organization annual report for the state of IL which posts the organization's annual report on its state Charitable Trust Bureau web site. The organization is currently reviewing and updating its by-laws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Alex Yang provides financial planning services to the following: Nick Huang, Jonathan Lee and Jessica Fu-Yang.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HoChie Tsai 1771 Highland Pl Apt 208 Berkley CA 94709
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dan Lu 9725 Woods Drive Unit 712 Skokie IL 60077
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Nick Huang 10 W Market St Suite 700 Indianapolis IN 46204
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Kevin Lau 912 N Marguerita Ave Alhambra CA 91801
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Site Storage 308. 0. 308. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7T Shirts 2844. 2844. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01942329
IRS990/TotalAssetsEOYAmt02017794
IRS990/TotalAssetsGrp/BOYAmt01942329
IRS990/TotalAssetsGrp/EOYAmt02017794
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt028432
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09111
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014648
IRS990/TotalFunctionalExpensesGrp/TotalAmt023759
IRS990/TotalGrossUBIAmt0287086
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01942329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02017794
IRS990/TotalProgramServiceExpensesAmt014648
IRS990/TotalProgramServiceRevenueAmt010120
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010120
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325638
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0287086
IRS990/TotalVolunteersCnt080
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01942329
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02017794
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,017,794
Liabilities
$0
Net assets
$2,017,794
Revenue
$325,638
Expenses
$23,759
Net income
$301,879
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.43$0.37$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.30$0.36$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.23$0.34$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$0.29$0.23$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.33$0.02$0.30
2018Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.19$0.20$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.17$0.18$0.00