To foster closer relationships between the U.S. and China.

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

Before you give

FY2020 · 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
0 of 6
filings with a surplus
Average deficit $137K a year · 125% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$290K
389% of total assets
Concern: liabilities are 389% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
-16% vs prior year
Spent
$284K
To programs
78%
Net assets
−$215K
By yearFY2019–FY2024
Revenue
$210K
FY2020▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2019$250K
FY2020$210K
FY2021$13K
FY2022$20K
FY2023$140K
FY2024$20K
Expenses
$284K
FY2020▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2019$424K
FY2020$284K
FY2021$123K
FY2022$233K
FY2023$371K
FY2024$37K
Net assets
−$215K
FY2020▼ -52%
Tap a bar for its year
Net assets by fiscal year
FY2019−$141K
FY2020−$215K
FY2021−$325K
FY2022−$539K
FY2023−$770K
FY2024−$786K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $221K Management & general 22% · $63K

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
$0Pt VII · Sec A
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 · $221K · in their own filed words · FY2020
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…

$216Kprogram 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.

$6Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Gifts and grantsLn 1h$210K
Money outPt IX
$284K
Ln 25
Programscol B$221K
Managementcol C$63K
Owns and owesPt X
−$215K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$290K
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$210K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$74K
Cash and savings togetherLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$290K
Net assetsLn 32−$215K
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
LineStart FY20End FY20
Cash and savingsLn 1–2$58K$74K
Total assetsLn 16$58K$74K
LiabilitiesLn 26$200K$290K
Net assetsLn 32−$141K−$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$27K$27K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$625$625
Other fees for servicesLn 11g$202K$201K$1K
Office expensesLn 13$17K$17K
TravelLn 17$20K$20K
Other expenses (24a–d)Ln 24$590$590
Total functional expensesLn 25$284K$221K$63K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $210K$284K−$74K−$215K 990 PDF
FY2019 $250K$424K−$174K−$141K 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 FY2020 990 (6 parts)
Part I · Summary $210,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $249,956$210,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $249,956$210,000
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 $39,440$40,612
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $385,001$243,357
I-18 Total expensesPrior year $424,441$283,969
I-19 Revenue less expensesPrior year −$174,485−$73,969
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 $210,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$210,000
VIII-1h Total contributions, gifts and grants$210,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$210,000
Part IX · Statement of functional expenses $283,969 across 9 lines filed
IX-7 Other salaries and wagesManagement $26,687$26,687
IX-9 Other employee benefitsManagement $4,719$4,719
IX-10 Payroll taxesManagement $9,206$9,206
IX-11b Legal feesManagement $2,700$2,700
IX-11c Accounting feesManagement $625$625
IX-11g Other fees for servicesPrograms $201,457 · Management $1,034$202,491
IX-13 Office expensesManagement $17,084$17,084
IX-17 TravelPrograms $19,867$19,867
IX-24 Other expenses (24a–d)Management $590$590
IX-25 Total functional expensesPrograms $221,324 · Management $62,645 · Fundraising $0$283,969
Part X · Balance sheet $74,481 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $58,476$74,481
X-16 Total assetsStart of year $58,476$74,481
X-26 Total liabilitiesStart of year $199,950$289,925
X-27 Net assets without donor restrictionsStart of year −$141,474−$215,444
X-32 Total net assets or fund balancesStart of year −$141,474−$215,444
X-33 Total liabilities and net assetsStart of year $58,476$74,481
Part XI · Reconciliation of net assets −$215,444 net assets at year end
XI-1 Total revenue$210,000
XI-2 Total expenses$283,969
XI-3 Revenue less expenses−$73,969
XI-4 Net assets at start of year−$141,474
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$215,444

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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