Civic Intelligence

Caipa Foundation Inc.

990 • Fiscal year 2014 • EIN 26-2791755

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 07, 2016

202 Canal Street No 500New York, NY 10013

(212) 965-8488

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,149,117

Down $393,684 (-15%) from 2013

Net Assets

Down

$1,902,903

Down $418,626 (-18%) from 2013

Liabilities

Up

$246,214

Up $24,942 (+11%) from 2013

Revenue And Expenses

Revenue

Up

$1,156,382

Up $458,381 (+66%) from 2013

Expenses

Up

$1,570,735

Up $587,900 (+60%) from 2013

Net Income

Down

-$414,353

Down $129,519 (-45%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $2,542,801Liabilities 2013: $221,272Net Assets 2013: $2,321,5292013Assets 2014: $2,195,232Liabilities 2014: $239,301Net Assets 2014: $1,955,9312014Assets 2014: $2,149,117Liabilities 2014: $246,214Net Assets 2014: $1,902,9032014Assets 2015: $2,021,491Liabilities 2015: $292,497Net Assets 2015: $1,728,9942015Assets 2016: $1,676,216Liabilities 2016: $278,321Net Assets 2016: $1,397,8952016Assets 2017: $1,813,514Liabilities 2017: $261,936Net Assets 2017: $1,551,5782017Assets 2018: $2,238,436Liabilities 2018: $256,978Net Assets 2018: $1,981,4582018Assets 2019: $3,162,242Liabilities 2019: $280,696Net Assets 2019: $2,881,5462019Assets 2020: $2,952,036Liabilities 2020: $226,052Net Assets 2020: $2,725,9842020Assets 2021: $3,692,764Liabilities 2021: $241,273Net Assets 2021: $3,451,4912021Assets 2022: $3,724,161Liabilities 2022: $125,259Net Assets 2022: $3,598,9022022Assets 2023: $4,997,221Liabilities 2023: $144,035Net Assets 2023: $4,853,1862023Assets 2024: $6,749,941Liabilities 2024: $525,362Net Assets 2024: $6,224,5792024

Highlighted filing

2014

Assets$2,149,117
Liabilities$246,214
Net Assets$1,902,903

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $698,001Expenses 2013: $982,835Net Income 2013: -$284,8342013Revenue 2014: $1,156,382Expenses 2014: $1,521,980Net Income 2014: -$365,5982014Revenue 2014: $1,156,382Expenses 2014: $1,570,735Net Income 2014: -$414,3532014Revenue 2015: $1,115,812Expenses 2015: $1,287,656Net Income 2015: -$171,8442015Revenue 2016: $1,008,769Expenses 2016: $1,343,257Net Income 2016: -$334,4882016Revenue 2017: $1,899,524Expenses 2017: $1,748,025Net Income 2017: $151,4992017Revenue 2018: $2,089,437Expenses 2018: $1,592,682Net Income 2018: $496,7552018Revenue 2019: $2,666,902Expenses 2019: $1,829,481Net Income 2019: $837,4212019Revenue 2020: $1,662,431Expenses 2020: $1,988,823Net Income 2020: -$326,3922020Revenue 2021: $2,470,287Expenses 2021: $1,614,873Net Income 2021: $855,4142021Revenue 2022: $1,774,358Expenses 2022: $1,489,302Net Income 2022: $285,0562022Revenue 2023: $2,348,032Expenses 2023: $1,019,904Net Income 2023: $1,328,1282023Revenue 2024: $2,519,689Expenses 2024: $1,106,134Net Income 2024: $1,413,5552024

Highlighted filing

2014

Revenue$1,156,382
Expenses$1,570,735
Net Income-$414,353
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 7, 2016
Return Version
2014v6.0
Gross Receipts
$1,332,002
Mission and Program Overview

Mission

Promote the health of chinese americans through grants to other charitable organizations and support of community health and research projects.

Promote the health of chinese americans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,321,529$1,902,903▼ $418,626
Land, Buildings, and Equipment, Net$1,165,849$886,743▼ $279,106
Savings and Temporary Cash Investments$714,386--
Investments Other Securities-$595,727-
Cash and Non-Interest-Bearing Accounts$498,599$518,332▲ $19,733
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,542,801$2,149,117▼ $393,684
Other Assets Total$163,967$148,315▼ $15,652
Liabilities
Other Liabilities$193,097$232,730▲ $39,633
Accounts Payable and Accrued Expenses$28,175$13,484▼ $14,691
Total Liabilities$221,272$246,214▲ $24,942
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,321,529$1,902,903▼ $418,626
Total Liabilities and Net Assets / Fund Balance$2,542,801$2,149,117▼ $393,684

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$719,894$91,039$810,933
Other Land Buildings$166,849$37,007$203,856
Other Assets Org$7,648--
Other Securities$398,720--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sun-hoo FooChair/pres./dir./CEO
Alice LauDirector
George LiuDirector
Jonathan ChangDirector and VP
Susan LauExecutive Director
Felix ChuDir./secr./treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$408,551
Program Service Revenue
$99,450
Investment Income
$3,381
Other Revenue
$645,000
All Other Contributions
$408,551
Change in Net Assets
$-414,353

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,156,382
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-4,273
Total Revenue per Audited Statements
$1,152,109
Total Revenue per Form 990
$1,156,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,087,110
Salaries, Compensation, and Employee Benefits$483,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$519,920--$519,920
Other Salaries and Wages$483,625--$483,625
Depreciation Depletion$126,081--$126,081
Insurance$48,200$48,200-$96,400
Office Expenses$30,956$30,956-$61,912
All Other Expenses$19,055$623-$19,678
Fees for Services Accounting-$18,000-$18,000
Other Expenses$9,727--$9,727
Travel$5,382--$5,382
Fees for Services Legal-$3,150-$3,150
Information Technology$1,800--$1,800
Total Functional Expenses$1,469,806$100,929$0$1,570,735

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,570,735
Total Expenses per Audited Statements$1,570,735
Total Expenses per Form 990$1,570,735
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Deferred Rent$200,010
Security Deposits Payable$32,720
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The return is sent to the board of directors for review, comment and approval.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors and enforces compliance with the policy by reviewing the annual conflict of interest policy and notifications of conflicts of interest by board members during the year.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Caipa Foundation Inc
EIN
26-2791755
Phone
2129658488
Address
202 CANAL STREET NO 500, NEW YORK, NY 10013

Signing Officer

Name
Sun-hoo Foo
Title
Chairman
Phone
2129658488
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sun-hoo Foo
Formed
2007
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
21
Volunteers
5

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Weir Christopher
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990, Item B

The original return was filed prior to completion of the audit of the organization's financial statements. This amended return reflects changes made to the organization's financial staments as a result of the audit.

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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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01570735
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0719894
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt091039
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0810933
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4273
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0140667
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17648
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INCOME
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0166849
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037007
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0203856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0197007
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1398720
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-4273
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01156382
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0886743
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0148315
IRS990ScheduleD/TotalBookValueSecuritiesAmt0595727
IRS990ScheduleD/TotalExpensesPerForm990Amt01570735
IRS990ScheduleD/TotalLiabilityAmt0232730
IRS990ScheduleD/TotalRevenuePerForm990Amt01156382
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01152109
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01570735
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW, COMMENT AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REVIEWING THE ANNUAL CONFLICT OF INTEREST POLICY AND NOTIFICATIONS OF CONFLICTS OF INTEREST BY BOARD MEMBERS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORIGINAL RETURN WAS FILED PRIOR TO COMPLETION OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THIS AMENDED RETURN REFLECTS CHANGES MADE TO THE ORGANIZATION'S FINANCIAL STAMENTS AS A RESULT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, ITEM B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CAIPA FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CAIPA SOCIAL DAYCARE CENTER LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461165203
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt01234706
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0SOCIAL DAYCARE CENTERS FOR SENIOR ASIAN AMERICAN INDIVIDUALS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0746201
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0202 CANAL STREET SUITE 500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd010013
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0133923495
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CHINESE AMERICAN IPA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0202 CANAL STREET SUITE 500
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010013
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0150000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CHECK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CHINESE AMERICAN IPA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02542801
IRS990/TotalAssetsEOYAmt02149117
IRS990/TotalAssetsGrp/BOYAmt02542801
IRS990/TotalAssetsGrp/EOYAmt02149117
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0408551
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100929
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01469806
IRS990/TotalFunctionalExpensesGrp/TotalAmt01570735
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0221272
IRS990/TotalLiabilitiesEOYAmt0246214
IRS990/TotalLiabilitiesGrp/BOYAmt0221272
IRS990/TotalLiabilitiesGrp/EOYAmt0246214
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02321529
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01902903

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