Civic Intelligence

Wen Chi Association Ltd

EIN 86-2017141 • 501(c)3 • Woodside, NY

Profile

Corporation is organized exclusively for charitable,educational,and scientiic purposes,including,for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code.

60-20 Woodside AvenueWoodside, NY 11377
Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

NTEE P • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

NTEE P • $500k-$1M nonprofits • Source year 2023

Net Margin

97th percentile

95%

Higher net margin than 97% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

NTEE P • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

$900,034

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$900,034

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue32nd percentileNet Margin97th percentile

Revenue

$947,493

No earlier filing loaded for comparison.

Expenses

$47,459

No earlier filing loaded for comparison.

Net Income

$900,034

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2023: $900,034Liabilities 2023: $0Net Assets 2023: $900,0342023

Highlighted filing

2023

Assets$900,034
Liabilities$0
Net Assets$900,034
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0Revenue 2023: $947,493Expenses 2023: $47,459Net Income 2023: $900,0342023

Highlighted filing

2023

Revenue$947,493
Expenses$47,459
Net Income$900,034
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$900,034
Liabilities
$0
Net assets
$900,034
Revenue
$947,493
Expenses
$47,459
Net income
$900,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.00$0.00$9.00$9.47$0.47$9.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 20, 2024
Return Version
2023v6.0
Gross Receipts
$947,493
Mission and Program Overview

Mission

Corporation is organized exclusively for charitable,educational,and scientiic purposes,including,for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$900,034-
Savings and Temporary Cash Investments-$479,068-
Land, Buildings, and Equipment, Net-$411,361-
Cash and Non-Interest-Bearing Accounts-$8,605-
Prepaid Expenses and Deferred Charges-$1,000-
Total Assets$0$900,034▲ $900,034
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$900,034▲ $900,034
Total Liabilities and Net Assets / Fund Balance$0$900,034▲ $900,034

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$370,361$8,502-
Land$41,000--
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Tong Tsang LauDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$938,425
Program Service Revenue
$0
Investment Income
$9,068
Other Revenue
$0
All Other Contributions
$938,425
Change in Net Assets
$900,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$28,418-$28,418
Depreciation Depletion-$8,502-$8,502
Other Expenses-$6,592-$6,592
Information Technology-$946-$946
Office Expenses-$190-$190
Total Functional Expenses$0$47,459$0$47,459
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
Yes
Audit committee
No
Backup withholding compliance
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 governing body review Part VI line 11

“Board of Directors will review Tax Form 990 prior to submitting to the IRS.”

Form 990 availability to public Part VI line 18

“Form 990 is only available to review by the public upon a written request to the Board of Directors.”

Governing documents etc available to public Part VI line 19

“Governing Documents are only available to public upon written request to the Board.”

Filing and Contact Details

Filer

Filer Name
Wen Chi Association LTD
EIN
86-2017141
Address
60-20 Woodside Avenue, Woodside, NY 11377

Signing Officer

Name
Tong Lau
Title
President
Phone
2129257220
Signed
2024-11-20
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Henry M Fong CPACGMA
Address
8 Catherine Street Suite 4A, New York, NY 10038
Preparer
Henry M Fong CPA
Phone
2129257220
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Other Expenses:Meals & Entertainment $24,636Professional Services $2,075Utilities $1,407 Application Fees $300”

Raw XML Appendix252 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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