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Caipa Foundation INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Foundations & Grantmakers EIN 26-2791755Revenue $2.5M in FY2021

On file with the IRScaipafoundation.org41 Elizabeth St Ste 403, 10013-4637 · New York, NYTax-exempt since Sep 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Promote the health of chinese americans.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $711K a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $265K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$241K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+49% vs prior year
Spent
$1.6M
To programs
92%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$2.5M
FY2021▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.5M
FY2022$1.8M
FY2023$2.3M
FY2024$2.5M
Expenses
$1.6M
FY2021▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.6M
FY2022$1.5M
FY2023$1.0M
FY2024$1.1M
Net assets
$3.5M
FY2021▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.5M
FY2022$3.6M
FY2023$4.9M
FY2024$6.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.5M Management & general 8% · $130K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Sun-Hoo Foo
Chair/Pres./Dir./CEO
$0Pt VII · Sec A
Jonathan Chang
Director and VP
$0Pt VII · Sec A
Felix Chu
Dir./Secr./Treas.
$0Pt VII · Sec A
Alice Lau
Director
$0Pt VII · Sec A
George Liu
Director
$0Pt VII · Sec A
Susan Lau
Executive Director
$0Pt VII · Sec A
See Caipa Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves health outcomes for Chinese Americans through community programs and education.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2021
01

Provide the highest quality services to seniors in the asian-american communities through social day care centers. Make sure that seniors receive culturally sensitive care and services that would offer them a secured, peaceful and better quality of life.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Healthfirst Foundation INCFY2024$150K
Asian American Coalition for Children and Families INCFY2024$73K
Ching Sun Charitable Foundation INCFY2024$20K
Maimonides Medical Center-FY2024$12K
The New York and Presbyterian HospitalFY2024$10K
Total grants receivedfrom 5 funders$265K
See all 5 funders →
Grants paid · 4 grants · $124K · 2020–2022
Buddhist Tzu Chi FoundationCA · FY2022$27,308
Buddhist Tzu Chi FoundationCA · FY2021$22,964
Buddhist Tzu Chi FoundationCA · FY2020$68,456
Myanmar American Medical Education Society INCNY · FY2020$5,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$177K
Investment incomeLn 3$54K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$130K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$3.7M
LiabilitiesLn 26$241K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Government grantsLn 1e$375K
Fees for servicesLn 2g$177K
Investment incomeLn 3$54K
Other incomeLn 4–11$4K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$938K
Land, buildings, equipmentLn 10c$67K
Other assetsLn 15$132K
Total assetsLn 16$3.7M
LiabilitiesLn 26$241K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 517
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.6M$2.3M
InvestmentsLn 11–13$933K$938K
Land, buildings, equipmentLn 10c$122K$67K
Total assetsLn 16$3.0M$3.7M
LiabilitiesLn 26$226K$241K
Net assetsLn 32$2.7M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23K$23K
Other salaries and wagesLn 7$602K$602K
Payroll taxesLn 10$53K$53K
Legal feesLn 11b$800$800
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$15K$15K
Office expensesLn 13$18K$9K$9K
Information technologyLn 14$2K$2K
OccupancyLn 16$565K$565K
TravelLn 17$7K$7K
Depreciation, depletion and amortizationLn 22$56K$53K$3K
InsuranceLn 23$141K$71K$71K
Other expenses (24a–d)Ln 24$98K$75K$22K
All other expensesLn 24e$10K$10K$211
Total functional expensesLn 25$1.6M$1.5M$130K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$1.1M$1.4M$6.2M 990 PDF
FY2023 $2.3M$1.0M$1.3M$4.9M 990 PDF
FY2022 $1.8M$1.5M$285K$3.6M 990 PDF
FY2021 Viewing $2.5M$1.6M$855K$3.5M 990 PDF
FY2020 $1.7M$2.0M−$326K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,470,287 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,450,594$2,234,601
I-9 Program service revenuePrior year $167,689$176,993
I-10 Investment incomePrior year $43,936$54,295
I-11 Other revenuePrior year $212$4,398
I-12 Total revenuePrior year $1,662,431$2,470,287
I-13 Grants and similar amounts paidPrior year $372,622$22,964
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $679,374$655,347
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $936,827$936,562
I-18 Total expensesPrior year $1,988,823$1,614,873
I-19 Revenue less expensesPrior year −$326,392$855,414
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,470,287 across 8 lines filed
VIII-1e Government grants$375,165
VIII-1f All other contributions, gifts and grants$1,859,436
VIII-1h Total contributions, gifts and grants$2,234,601
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $176,993$176,993
VIII-3 Investment incomeExcluded from tax $54,295$54,295
VIII-6 Net rental income or loss$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,398$4,398
VIII-12 Total revenueRelated to mission $176,993 · Unrelated business $0 · Excluded from tax $58,693$2,470,287
Part IX · Statement of functional expenses $1,614,873 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $22,964$22,964
IX-7 Other salaries and wagesPrograms $601,912$601,912
IX-10 Payroll taxesPrograms $53,435$53,435
IX-11b Legal feesManagement $800$800
IX-11c Accounting feesManagement $22,675$22,675
IX-11g Other fees for servicesPrograms $15,400$15,400
IX-13 Office expensesPrograms $9,355 · Management $9,028$18,383
IX-14 Information technologyManagement $1,800$1,800
IX-16 OccupancyPrograms $565,399$565,399
IX-17 TravelPrograms $7,011$7,011
IX-22 Depreciation, depletion and amortizationPrograms $52,948 · Management $2,788$55,736
IX-23 InsurancePrograms $70,642 · Management $70,642$141,284
IX-24 Other expenses (24a–d)Programs $75,118 · Management $22,465$97,583
IX-24e All other expensesPrograms $10,280 · Management $211$10,491
IX-25 Total functional expensesPrograms $1,484,464 · Management $130,409 · Fundraising $0$1,614,873
Part X · Balance sheet $3,692,764 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,577,991$2,301,795
X-3 Pledges and grants receivableStart of year $48,465$50,818
X-4 Accounts receivable$84,735
X-9 Prepaid expenses and deferred chargesStart of year $98,119$118,558
X-10c Land, buildings and equipment, netStart of year $122,417$66,682
X-11 Publicly traded securitiesStart of year $933,052$937,950
X-15 Other assetsStart of year $171,992$132,226
X-16 Total assetsStart of year $2,952,036$3,692,764
X-17 Accounts payable and accrued expensesStart of year $27,353$27,272
X-25 Other liabilitiesStart of year $198,699$214,001
X-26 Total liabilitiesStart of year $226,052$241,273
X-32 Total net assets or fund balancesStart of year $2,725,984$3,451,491
X-33 Total liabilities and net assetsStart of year $2,952,036$3,692,764
Part XI · Reconciliation of net assets $3,451,491 net assets at year end
XI-1 Total revenue$2,470,287
XI-2 Total expenses$1,614,873
XI-3 Revenue less expenses$855,414
XI-4 Net assets at start of year$2,725,984
XI-5 Net unrealized gains (losses) on investments$4,898
XI-9 Other changes in net assets−$134,805
XI-10 Net assets at end of year$3,451,491

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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