Civic Intelligence

Gold House Foundation Inc.

EIN 83-3636419 • 501(c)3 • Covina, CA

Pub. 78 Eligible

Profile

To cultivate and promote asian and asian-american interests, heritage, and culture, including accelerating a positive and historically accurate image of asians in culture and empowering asian persons in the cultural industries. Gold houses programs are dedicated to advancing the unity, representation, and success of the api community. The programs strengthen relationships to codify the asian cultural legacy (salons, golden age); strengthen authentic representation of asians in media (goldopen); champion societal contributions made by asians to inspire and reshape public opinion (a100); and accelerate success and representation of asian founders (gold rush).

440 N Barranca Ave 5118Covina, CA 91723

goldhouse.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.13x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.08x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

24th percentile

-6.1%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$5,781,308

Up $559,988 (+11%) from 2023

Liabilities

Up

$740,330

Up $306,218 (+71%) from 2023

Net Assets

Up

$5,040,978

Up $253,770 (+5.3%) from 2023

Revenue

Up

$9,088,934

Up $1,051,179 (+13%) from 2023

Expenses

Up

$9,647,519

Up $2,128,498 (+28%) from 2023

Net Income

Down

-$558,585

Down $1,077,319 (-208%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $242,609Liabilities 2019: $194,322Net Assets 2019: $48,2872019Assets 2020: $528,823Liabilities 2020: $182,227Net Assets 2020: $346,5962020Assets 2021: $1,839,029Liabilities 2021: $66,791Net Assets 2021: $1,772,2382021Assets 2022: $4,181,546Liabilities 2022: $26,483Net Assets 2022: $4,155,0632022Assets 2023: $5,221,320Liabilities 2023: $434,112Net Assets 2023: $4,787,2082023Assets 2024: $5,781,308Liabilities 2024: $740,330Net Assets 2024: $5,040,9782024

Highlighted filing

2024

Assets$5,781,308
Liabilities$740,330
Net Assets$5,040,978

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2019: $611,991Expenses 2019: $563,704Net Income 2019: $48,2872019Revenue 2020: $480,039Expenses 2020: $181,730Net Income 2020: $298,3092020Revenue 2021: $2,517,704Expenses 2021: $1,240,730Net Income 2021: $1,276,9742021Revenue 2022: $5,663,642Expenses 2022: $3,248,477Net Income 2022: $2,415,1652022Revenue 2023: $8,037,755Expenses 2023: $7,519,021Net Income 2023: $518,7342023Revenue 2024: $9,088,934Expenses 2024: $9,647,519Net Income 2024: -$558,5852024

Highlighted filing

2024

Revenue$9,088,934
Expenses$9,647,519
Net Income-$558,585

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.0
Gross Receipts
$9,088,934
Mission and Program Overview

Mission

To cultivate and promote asian and asian-american interests, heritage, and culture, including accelerating a positive and historically accurate image of asians in culture and empowering asian persons in the cultural industries. Gold houses programs are dedicated to advancing the unity, representation, and success of the api community. The programs strengthen relationships to codify the asian cultural legacy (salons, golden age); strengthen authentic representation of asians in media (goldopen); champion societal contributions made by asians to inspire and reshape public opinion (a100); and accelerate success and representation of asian founders (gold rush).

Gold house is the leading cultural ecosystem that unites, invests in, and champions asian pacific leaders to power tomorrow for all. As a non-profit collective of diverse leaders, we forge meaningful relationships and build programs to advance asian pacific cultures and propel all communities to have more authentic, more successful, and healthier lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,420,396$2,789,348▲ $368,952
Cash and Non-Interest-Bearing Accounts$1,692,159$2,023,995▲ $331,836
Accounts Receivable$356,436$402,450▲ $46,014
Prepaid Expenses and Deferred Charges$647,992$173,623▼ $474,369
Other Notes and Loans Receivable, Net$79,445$38,353▼ $41,092
Land, Buildings, and Equipment, Net$24,892$28,566▲ $3,674
Total Assets$5,221,320$5,781,308▲ $559,988
Other Assets Total-$324,973-
Liabilities
Deferred Revenue-$500,000-
Accounts Payable and Accrued Expenses$434,112$240,330▼ $193,782
Total Liabilities$434,112$740,330▲ $306,218
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,787,208$5,040,978▲ $253,770
Total Net Assets Fund Balance$4,787,208$5,040,978▲ $253,770
Total Liabilities and Net Assets / Fund Balance$5,221,320$5,781,308▲ $559,988

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,890$36,469$52,359
Equipment$12,676$4,167$16,843
Other Assets Org$75,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Spencer Hwa-bing ChenPresidentFT$249,611$118,203$367,814
Jeremy TranExec Dir/secFT$307,869-$307,869
Jeremy TranExec Dir/secretary-$249,611$58,258$307,869
Ben ChuTreasurerFT$204,800$44,692$249,492

Board Members and Trustees

NameTitle
Sanjay SharmaBoard of Di
Agnes ChuBoard of Director
Daniel Dae KimBoard of Director
Helen LinBoard of Director
Janet YangBoard of Director
Kevin Maxwell LinBoard of Director
Kevin NishimuraBoard of Director
Michelle LeeBoard of Director
Patrick LeeBoard of Director
Prabal GurungBoard of Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Sequoia Productions INCProduction Svcs8939 S SEPULVEDA BLVD STE 110 101, Los Angeles, CA 90045$1,137,742
Levy Premium Food Service LPEvent Catering980 N MICHIGAN AVE, Chicago, IL 60611$713,716
Sundance InstituteFilm Prgm SvcsPO BOX 684429, Park City, UT 84068$260,000
Riverhorse Partners LLCVenue /cateringPO BOX 1914, Park City, UT 84060$197,992
Revenue and Support

Revenue Composition

Contributions and Grants
$4,522,441
Program Service Revenue
$4,471,851
Investment Income
$94,642
Other Revenue
$0
All Other Contributions
$4,522,441
Change in Net Assets
$-558,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,088,934
Revenue Not Reported on Form 990
$812,355
Total Revenue per Audited Statements
$9,901,289
Total Revenue per Form 990
$9,088,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,278,063
Salaries, Compensation, and Employee Benefits$3,251,956
Total Fundraising Expense$767,823
Grants and Similar Amounts Paid$117,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$4,716,352$5,124$5,124$4,726,600
Other Salaries and Wages$1,378,388$404,003$263,516$2,045,907
Current Officers, Directors, Trustees, and Key Employees$412,167$438,683$74,326$925,176
Travel$364,235$170,497$170,497$705,229
Fees for Services Other$286,103$50,534$50,534$387,171
Payroll Taxes$118,685$48,773$19,554$187,012
Information Technology$32,103$40,919$40,919$113,941
Advertising$28,858$35,639$35,639$100,136
Grants to Domestic Orgs$97,500--$97,500
Other Employee Benefits$59,568$24,479$9,814$93,861
Other Expenses$7,248$8,493$8,493$24,234
Insurance-$11,790$11,790$23,580
Fees for Services Accounting$15,910$2,795$2,795$21,500
Grants to Domestic Individuals$20,000--$20,000
All Other Expenses$3,759$3,712$3,713$11,184
Depreciation Depletion-$4,275$4,275$8,550
Fees for Services Legal$74$13$13$100
Total Functional Expenses$7,563,146$1,316,550$767,823$9,647,519

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,647,519
Total Expenses per Audited Statements$9,647,519
Total Expenses per Form 990$9,647,519
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westxeast CoBrooklyn, NY-Gold Prize Recipient$25,000
The New Norm LLCLos Angeles, CA-Sustainability Grant$20,000
Hawaiian Islands Fire Foundation inKahului, HI-Amazon Music Grant$10,000
OsmindSan Francisco, CA-J Zhu Scholarship$10,000
Phumvadee WangrakuldeePhiladelphia, PA-J Zhu Scholarship$10,000
Support A100 Honoree Maui Firefight--Donation$10,000
Tpc IncPriceton, NJ-Sustainability Grant$10,000
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
Annual disclosure for covered persons
No
Audit committee
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
Yes
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, Page 6, Part VI, Line 11B

The organization's highest ranking officers reviewed form 990.

Form 990, Page 6, Part VI, Line 12C

Each employee signs a conflict of interest policy upon hire; the board members sign a conflict of interest policy at the beginning of each 4 year term; the company's cfo regularly reviews compliance of these policies.

Form 990, Page 6, Part VI, Line 15A

The board determines compensation for top officers based on market research and benchmarks of comparable organizations and skills and experience specific to each top officer hired.

Form 990, Page 6, Part VI, Line 15B

SEE LINE 15A RESPONSE.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Gold House Foundation Inc
EIN
83-3636419
Phone
8188503870
Address
440 N BARRANCA AVE 5118, COVINA, CA 91723

Signing Officer

Name
Ben Chu
Title
Treasurer
Phone
4045431718
Signed
2025-11-15

Organization Details

Principal Officer
Spencer Hwa-bing Chen
Formed
2018
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
25
Volunteers
60

Preparer

Firm
Resj Pc
Address
2055 SUGARLOAF CIRCLE SUITE 75, DULUTH, GA 30097
Preparer
Matthew Chandler
Phone
7702717422
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Gold house is the leading cultural ecosystem that unites, invests in, and champions asian pacific leaders to power tomorrow for all. As a non-profit collective of diverse leaders, we forge meaningful relationships and build programs to advance asian pacific cultures and propel all communities to have more authentic, more successful, and healthier lives.

Form 990, Page 2, Part III, Line 4A

We operate several programs online and in los angeles, new york city, and san francisco. We currently do not have any physical offices outside of using co-working space across los angeles and new york city. We do not own any significant physical property. Our team consists of a mix of passionate full-time staff and part-time volunteers (30-60 at any given time). Our full time staff grew to 21 as of the end of 2024. Below are descriptions of our programs and operations. Unity & solidarity through membership programs and platforms, we foster a culture of mutual support among established, emerging, and community leaders. Our programs powering unity include the following: -family dinners are intimate gatherings of approximately 30 top leaders across generations and industries anchored in celebrating asian pacific cultures. These working dinners are focused on solving an important issue for our community, channeling the room's expertise and resources to uplift the asian pacific diaspora and cultures. We host about 10 family dinners a year. -cultural celebrations of asian pacific heritage and holidays, including lunar new year, eid al-fitr, mid-autumn festival, and diwali. Gold house hosts a variety of events and campaigns each year to celebrate these cultural moments and share their traditions with people from all backgrounds. -gold forum is the definitive think-tank event convening top leaders across industries to hone shared resources, identify collaborations, and align on collective priorities to uplift the broader asian pacific and marginalized communities. We host this full-day summit each fall in new york city. -the futures network is the largest network of the most-promising creative artists, founders, and leaders advancing asian pacific cultures and communities. We host a variety of programs and events to help propel the careers of these future changemakers, including special prizes, accelerators, masterclasses, community gatherings, and other resources for founders, fine artists, journalists, filmmakers, and music artists. -gold women includes programs and events that power the foremost female executives to claim and sustain leadership through connection and advancement, all the while uplifting asian pacific cultures and communities - essential given that asian women are the least likely demographic to be promoted to management. Narrative change through a comprehensive suite of research, education, promotion, and resources, we reshape public perceptions and dismantle stereotypes about the asian pacific diaspora while advancing asian pacific cultures, heritage, and stories with all audiences. Our narrative change programs include the following: -cultural research, where gold house partners with leading academic, commercial, and other non-profit institutions on original studies and thought leadership to advance asian pacific representation across industries. Examples include reports on missed opportunities by not investing in asian pacific stories and creatives and the importance of cultural specificity in asian pacific representation on-screen. We co- author the reports and host events and campaigns to promote their findings. -cultural education & guidance, where gold house partners with leading studios and creatives through the entire lifecycle of a project to ensure cultural authenticity and affirming portrayal of asians and pacific islanders. -community promotion, where gold house mobilizes the community to champion the success of authentic and affirming asian pacific-led films and series. Through community events, screenings, conversations, panels, and campaigns, we work to ensure the success of marginalized stories to reshape public perceptions with broader audiences. Examples include breaking box-office records with films like crazy rich asians and making awards history with films like parasite and everything everywhere all at once. -creative equity fund includes a slate of accelerators and funds to support stories fu

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IRS990/Desc0WE OPERATE SEVERAL PROGRAMS ONLINE AND IN LOS ANGELES, NEW YORK CITY, AND SAN FRANCISCO. WE CURRENTLY DO NOT HAVE ANY PHYSICAL OFFICES OUTSIDE OF USING CO-WORKING SPACE ACROSS LOS ANGELES AND NEW YORK CITY. WE DO NOT OWN ANY SIGNIFICANT PHYSICAL PROPERTY. OUR TEAM CONSISTS OF A MIX OF PASSIONATE FULL-TIME STAFF AND PART-TIME VOLUNTEERS (30-60 AT ANY GIVEN TIME). OUR FULL TIME STAFF GREW TO 21 AS OF THE END OF 2024. BELOW ARE DESCRIPTIONS OF OUR PROGRAMS AND OPERATIONS. UNITY & SOLIDARITY THROUGH MEMBERSHIP PROGRAMS AND PLATFORMS, WE FOSTER A CULTURE OF MUTUAL SUPPORT AMONG ESTABLISHED, EMERGING, AND COMMUNITY LEADERS. OUR PROGRAMS POWERING UNITY INCLUDE THE FOLLOWING: -FAMILY DINNERS ARE INTIMATE GATHERINGS OF APPROXIMATELY 30 TOP LEADERS ACROSS GENERATIONS AND INDUSTRIES ANCHORED IN CELEBRATING ASIAN PACIFIC CULTURES. THESE WORKING DINNERS ARE FOCUSED ON SOLVING AN IMPORTANT ISSUE FOR OUR COMMUNITY, CHANNELING THE ROOM'S EXPERTISE AND RESOURCES TO UPLIFT THE ASIAN PACIFIC DIASPORA AND CULTURES. WE HOST ABOUT 10 FAMILY DINNERS A YEAR. -CULTURAL CELEBRATIONS OF ASIAN PACIFIC HERITAGE AND HOLIDAYS, INCLUDING LUNAR NEW YEAR, EID AL-FITR, MID-AUTUMN FESTIVAL, AND DIWALI. GOLD HOUSE HOSTS A VARIETY OF EVENTS AND CAMPAIGNS EACH YEAR TO CELEBRATE THESE CULTURAL MOMENTS AND SHARE THEIR TRADITIONS WITH PEOPLE FROM ALL BACKGROUNDS. -GOLD FORUM IS THE DEFINITIVE THINK-TANK EVENT CONVENING TOP LEADERS ACROSS INDUSTRIES TO HONE SHARED RESOURCES, IDENTIFY COLLABORATIONS, AND ALIGN ON COLLECTIVE PRIORITIES TO UPLIFT THE BROADER ASIAN PACIFIC AND MARGINALIZED COMMUNITIES. WE HOST THIS FULL-DAY SUMMIT EACH FALL IN NEW YORK CITY. -THE FUTURES NETWORK IS THE LARGEST NETWORK OF THE MOST-PROMISING CREATIVE ARTISTS, FOUNDERS, AND LEADERS ADVANCING ASIAN PACIFIC CULTURES AND COMMUNITIES. WE HOST A VARIETY OF PROGRAMS AND EVENTS TO HELP PROPEL THE CAREERS OF THESE FUTURE CHANGEMAKERS, INCLUDING SPECIAL PRIZES, ACCELERATORS, MASTERCLASSES, COMMUNITY GATHERINGS, AND OTHER RESOURCES FOR FOUNDERS, FINE ARTISTS, JOURNALISTS, FILMMAKERS, AND MUSIC ARTISTS. -GOLD WOMEN INCLUDES PROGRAMS AND EVENTS THAT POWER THE FOREMOST FEMALE EXECUTIVES TO CLAIM AND SUSTAIN LEADERSHIP THROUGH CONNECTION AND ADVANCEMENT, ALL THE WHILE UPLIFTING ASIAN PACIFIC CULTURES AND COMMUNITIES - ESSENTIAL GIVEN THAT ASIAN WOMEN ARE THE LEAST LIKELY DEMOGRAPHIC TO BE PROMOTED TO MANAGEMENT. NARRATIVE CHANGE THROUGH A COMPREHENSIVE SUITE OF RESEARCH, EDUCATION, PROMOTION, AND RESOURCES, WE RESHAPE PUBLIC PERCEPTIONS AND DISMANTLE STEREOTYPES ABOUT THE ASIAN PACIFIC DIASPORA WHILE ADVANCING ASIAN PACIFIC CULTURES, HERITAGE, AND STORIES WITH ALL AUDIENCES. OUR NARRATIVE CHANGE PROGRAMS INCLUDE THE FOLLOWING: -CULTURAL RESEARCH, WHERE GOLD HOUSE PARTNERS WITH LEADING ACADEMIC, COMMERCIAL, AND OTHER NON-PROFIT INSTITUTIONS ON ORIGINAL STUDIES AND THOUGHT LEADERSHIP TO ADVANCE ASIAN PACIFIC REPRESENTATION ACROSS INDUSTRIES. EXAMPLES INCLUDE REPORTS ON MISSED OPPORTUNITIES BY NOT INVESTING IN ASIAN PACIFIC STORIES AND CREATIVES AND THE IMPORTANCE OF CULTURAL SPECIFICITY IN ASIAN PACIFIC REPRESENTATION ON-SCREEN. WE CO- AUTHOR THE REPORTS AND HOST EVENTS AND CAMPAIGNS TO PROMOTE THEIR FINDINGS. -CULTURAL EDUCATION & GUIDANCE, WHERE GOLD HOUSE PARTNERS WITH LEADING STUDIOS AND CREATIVES THROUGH THE ENTIRE LIFECYCLE OF A PROJECT TO ENSURE CULTURAL AUTHENTICITY AND AFFIRMING PORTRAYAL OF ASIANS AND PACIFIC ISLANDERS. -COMMUNITY PROMOTION, WHERE GOLD HOUSE MOBILIZES THE COMMUNITY TO CHAMPION THE SUCCESS OF AUTHENTIC AND AFFIRMING ASIAN PACIFIC-LED FILMS AND SERIES. THROUGH COMMUNITY EVENTS, SCREENINGS, CONVERSATIONS, PANELS, AND CAMPAIGNS, WE WORK TO ENSURE THE SUCCESS OF MARGINALIZED STORIES TO RESHAPE PUBLIC PERCEPTIONS WITH BROADER AUDIENCES. EXAMPLES INCLUDE BREAKING BOX-OFFICE RECORDS WITH FILMS LIKE CRAZY RICH ASIANS AND MAKING AWARDS HISTORY WITH FILMS LIKE PARASITE AND EVERYTHING EVERYWHERE ALL AT ONCE. -CREATIVE EQUITY FUND INCLUDES A SLATE OF ACCELERATORS AND FUNDS TO SUPPORT STORIES FU
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