Us-China Transpacific Foundation: Nonprofit Profile, Financials & Form 990 (EIN 47-4845840)

Revenue by fiscal year
FY2019	$250K
FY2020	$210K
FY2021	$13K
FY2022	$20K
FY2023	$140K
FY2024	$20K

Expenses by fiscal year
FY2019	$424K
FY2020	$284K
FY2021	$123K
FY2022	$233K
FY2023	$371K
FY2024	$37K

Net assets by fiscal year
FY2019	−$141K
FY2020	−$215K
FY2021	−$325K
FY2022	−$539K
FY2023	−$770K
FY2024	−$786K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2016.

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

Where the money goes

2 cents of each dollar spent went to programs.

98%

Program services 2% · $805 Management & general 98% · $36K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

Sigmund Rogich

President

$0Pt VII · Sec A

Jiawen Gavin Chen

Secretary/Treasurer

$0Pt VII · Sec A

See Us-China Transpacific Foundation 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
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Builds stronger connections between the United States and China.

Questions for Us-China Transpacific Foundation

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Provided by the organization

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2 programs · $805 · in their own filed words · FY2024

01

US-China Transpacific Foundation and the Chinese People's Institute of Foreign Affairs Cohost "US-China Eminent Persons Forum" Track II Exchange."US-China Eminent Persons Forum" was cohosted by the Chinese People's Institute of Foreign Affairs and the US-China Transpacific Foundation at the Diaoyutai State Guesthouse in Beijing…

$805program expense

02

Other US Congressional Staff Delegation to Beijing.mecea Trip

A delegation of twelve congressional staff on a visit to China where they exchanged their in-depth views on US-China relations, international, and regional issues.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20K

Ln 12

Gifts and grantsLn 1h$20K

Money outPt IX

$37K

Ln 25

Programscol B$805

Managementcol C$36K

Owns and owesPt X

−$786K

net assets · Ln 32

Cash and savingsLn 1–2$17K

Total assetsLn 16$17K

LiabilitiesLn 26$803K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$20K

Total revenueLn 12$20K

Assets in detailPt X, end of year

CashLn 1$17K

Cash and savings togetherLn 1–2$17K

Total assetsLn 16$17K

LiabilitiesLn 26$803K

Net assetsLn 32−$786K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$34K	$17K
Total assetsLn 16	$34K	$17K
LiabilitiesLn 26	$803K	$803K
Net assetsLn 32	−$770K	−$786K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$22K		$22K
Other employee benefitsLn 9	$4K		$4K
Payroll taxesLn 10	$7K		$7K
Accounting feesLn 11c	$1K		$1K
Other fees for servicesLn 11g	$1K		$1K
TravelLn 17	$805	$805
Total functional expensesLn 25	$37K	$805	$36K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$20K	$37K	−$17K	−$786K	990 PDF
FY2023	$140K	$371K	−$231K	−$770K	990 PDF
FY2022	$20K	$233K	−$213K	−$539K	990 PDF
FY2021	$13K	$123K	−$110K	−$325K	990 PDF
FY2020	$210K	$284K	−$74K	−$215K	990 PDF
FY2019	$250K	$424K	−$174K	−$141K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $20,000 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $120,000$20,000

I-9 Program service revenuePrior year $20,000$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $140,000$20,000

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 $49,640$33,452

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $321,384$3,332

I-18 Total expensesPrior year $371,024$36,784

I-19 Revenue less expensesPrior year −$231,024−$16,784

Part VI · Governance 1 of 2 board members independent, 3 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members1

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

Part VIII · Statement of revenue $20,000 across 3 lines filed

VIII-1f All other contributions, gifts and grants$20,000

VIII-1h Total contributions, gifts and grants$20,000

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$20,000

Part IX · Statement of functional expenses $36,784 across 6 lines filed

IX-7 Other salaries and wagesManagement $22,176$22,176

IX-9 Other employee benefitsManagement $4,228$4,228

IX-10 Payroll taxesManagement $7,048$7,048

IX-11c Accounting feesManagement $1,400$1,400

IX-11g Other fees for servicesManagement $1,127$1,127

IX-17 TravelPrograms $805$805

IX-25 Total functional expensesPrograms $805 · Management $35,979 · Fundraising $0$36,784

Part X · Balance sheet $17,101 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $33,885$17,101

X-16 Total assetsStart of year $33,885$17,101

X-26 Total liabilitiesStart of year $803,469$803,469

X-27 Net assets without donor restrictionsStart of year −$769,584−$786,368

X-32 Total net assets or fund balancesStart of year −$769,584−$786,368

X-33 Total liabilities and net assetsStart of year $33,885$17,101

Part XI · Reconciliation of net assets −$786,368 net assets at year end

XI-1 Total revenue$20,000

XI-2 Total expenses$36,784

XI-3 Revenue less expenses−$16,784

XI-4 Net assets at start of year−$769,584

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$786,368

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

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