Chinatown Museum Foundation

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Promote culture and history of chinese americans in the midwest.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 6
filings with a surplus
Average surplus $276K a year · 42% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
13 mo
of spending, in cash
Plus $2.6M in investments, Pt X · Ln 11–13
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$402K
+31% vs prior year
Spent
$530K
To programs
79%
Net assets
$4.6M
By yearFY2019–FY2024
Revenue
$402K
FY2024▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2019$303K
FY2020$228K
FY2021$440K
FY2022$2.2M
FY2023$307K
FY2024$402K
Expenses
$530K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2019$352K
FY2020$291K
FY2021$295K
FY2022$363K
FY2023$440K
FY2024$530K
Net assets
$4.6M
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2019$2.6M
FY2020$2.6M
FY2021$2.8M
FY2022$4.6M
FY2023$4.7M
FY2024$4.6M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2003.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $420K Management & general 21% · $109K Fundraising 0% · $1K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ben Lau’s $68K as Executive Director is at the 63rd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020FY2019
Ben Lau$67,995$69,729$54,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Chinatown Museum Foundation executive salaries →

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 15aYes

Programs and updates

Preserves and shares the culture and history of Chinese Americans in the Midwest.

Questions for Chinatown Museum Foundation

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Your first name shows with your question. Chinatown Museum Foundation answers here, for everyone.

1 program · $420K · in their own filed words · FY2024
01

Exhibitions, education, and research of chinese-americans in the midwest primarily in the museum located in chicago.

$420Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
IffFY2025$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$402K
Ln 12
Gifts and grantsLn 1h$194K
Investment incomeLn 3$146K
Other incomeLn 4–11$48K
Money outPt IX
$530K
Ln 25
Programscol B$420K
Managementcol C$109K
Fundraisingcol D$1K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$567K
Total assetsLn 16$4.6M
LiabilitiesLn 26$22K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$194K
Fundraising eventsLn 1c$12K
Fees for servicesLn 2g$14K
Investment incomeLn 3$146K
Other incomeLn 4–11$48K
Gains on assetsLn 7$35K
Total revenueLn 12$402K
Assets in detailPt X, end of year
CashLn 1$142K
SavingsLn 2$425K
Cash and savings togetherLn 1–2$567K
Accounts receivableLn 4$780
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$1.5M
InvestmentsLn 11–13$2.6M
Total assetsLn 16$4.6M
LiabilitiesLn 26$22K
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$479K$567K
InvestmentsLn 11–13$2.6M$2.6M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$4.7M$4.6M
LiabilitiesLn 26$25K$22K
Net assetsLn 32$4.7M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$302K$257K$45K
Other employee benefitsLn 9$8K$440$7K
Payroll taxesLn 10$26K$22K$4K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$6K$500$5K$254
Advertising and promotionLn 12$248$248
Office expensesLn 13$10K$10K
Information technologyLn 14$264$264
Depreciation, depletion and amortizationLn 22$64K$57K$6K
InsuranceLn 23$13K$11K$2K
Other expenses (24a–d)Ln 24$68K$55K$12K$352
All other expensesLn 24e$28K$16K$11K$850
Total functional expensesLn 25$530K$420K$109K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 4, 2025 $402K$530K−$127K$4.6M 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $307K$440K−$132K$4.7M 990 PDF
FY2022Filed with the IRS Feb 29, 2024 $2.2M$363K$1.9M$4.6M 990 PDF
FY2021Filed with the IRS Nov 12, 2022 $440K$295K$145K$2.8M 990 PDF
FY2020Filed with the IRS Oct 11, 2021 $228K$291K−$63K$2.6M 990 PDF
FY2019Filed with the IRS Jan 11, 2021 $303K$352K−$48K$2.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $402,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $174,641$194,197
I-9 Program service revenuePrior year $22,977$14,151
I-10 Investment incomePrior year $48,467$145,733
I-11 Other revenuePrior year $61,212$48,350
I-12 Total revenuePrior year $307,297$402,431
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $258,684$335,436
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $180,890$194,484
I-18 Total expensesPrior year $439,574$529,920
I-19 Revenue less expensesPrior year −$132,277−$127,489
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $402,431 across 11 lines filed
VIII-1b Membership dues$380
VIII-1c Fundraising events$11,900
VIII-1f All other contributions, gifts and grants$181,917
VIII-1h Total contributions, gifts and grants$194,197
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,151$14,151
VIII-3 Investment incomeRelated to mission $110,294$110,294
VIII-6 Net rental income or lossExcluded from tax $24,585$24,585
VIII-7 Net gain or loss on sales of assetsRelated to mission $35,439$35,439
VIII-8 Net income from fundraising eventsExcluded from tax $17,997$17,997
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,768$5,768
VIII-12 Total revenueRelated to mission $165,652 · Unrelated business $0 · Excluded from tax $42,582$402,431
Part IX · Statement of functional expenses $529,920 across 12 lines filed
IX-7 Other salaries and wagesPrograms $256,599 · Management $45,282$301,881
IX-9 Other employee benefitsPrograms $440 · Management $7,128$7,568
IX-10 Payroll taxesPrograms $22,089 · Management $3,898$25,987
IX-11c Accounting feesManagement $5,728$5,728
IX-11g Other fees for servicesPrograms $500 · Management $4,975 · Fundraising $254$5,729
IX-12 Advertising and promotionManagement $248$248
IX-13 Office expensesManagement $10,447$10,447
IX-14 Information technologyManagement $264$264
IX-22 Depreciation, depletion and amortizationPrograms $57,198 · Management $6,355$63,553
IX-23 InsurancePrograms $11,343 · Management $1,500$12,843
IX-24 Other expenses (24a–d)Programs $55,412 · Management $11,883 · Fundraising $352$67,647
IX-24e All other expensesPrograms $15,929 · Management $11,246 · Fundraising $850$28,025
IX-25 Total functional expensesPrograms $419,510 · Management $108,954 · Fundraising $1,456$529,920
Part X · Balance sheet $4,620,313 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $82,820$141,895
X-2 Savings and temporary cash investmentsStart of year $396,223$425,473
X-4 Accounts receivableStart of year $2,678$780
X-9 Prepaid expenses and deferred chargesStart of year $3,653$1,224
X-10c Land, buildings and equipment, netStart of year $1,557,492$1,493,939
X-11 Publicly traded securitiesStart of year $2,649,893$2,557,002
X-16 Total assetsStart of year $4,692,759$4,620,313
X-17 Accounts payable and accrued expensesStart of year $25,275$22,093
X-26 Total liabilitiesStart of year $25,275$22,093
X-27 Net assets without donor restrictionsStart of year $2,657,484$2,543,220
X-28 Net assets with donor restrictionsStart of year $2,010,000$2,055,000
X-32 Total net assets or fund balancesStart of year $4,667,484$4,598,220
X-33 Total liabilities and net assetsStart of year $4,692,759$4,620,313
Part XI · Reconciliation of net assets $4,598,220 net assets at year end
XI-1 Total revenue$402,431
XI-2 Total expenses$529,920
XI-3 Revenue less expenses−$127,489
XI-4 Net assets at start of year$4,667,484
XI-5 Net unrealized gains (losses) on investments$58,225
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,598,220

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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