Tung Sen Association: Nonprofit Profile, Financials & Form 990 (EIN 94-6088175)

Revenue by fiscal year
FY2020	$433K
FY2021	$1.2M
FY2022	$670K
FY2023	$493K
FY2024	$740K

Expenses by fiscal year
FY2020	$225K
FY2021	$274K
FY2022	$360K
FY2023	$360K
FY2024	$428K

Net assets by fiscal year
FY2020	$3.5M
FY2021	$4.6M
FY2022	$4.1M
FY2023	$4.6M
FY2024	$4.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1957.

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

Where the money goes

27 cents of each dollar spent went to programs.

27%

44%

Program services 27% · $117K Management & general 44% · $190K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation

Kenneth Siu

President

$0Pt VII · Sec A

David Jang

Secretary-Chi

$0Pt VII · Sec A

Henry Low

Secretary-Eng

$0Pt VII · Sec A

Lawrence Wong

Treasurer

$0Pt VII · Sec A

See Tung Sen Association 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

Supports the social welfare of the Chinese community.

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3 programs · in their own filed words · FY2024

01

Burial expenses, memorials, cemetery maintenance

Pt IX · col B

02

Scholarships awarded

Pt IX · col B

03

Community services

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$740K

Ln 12

Gifts and grantsLn 1h$305K

Fees for servicesLn 2g$169K

Other incomeLn 4–11$166K

Money outPt IX

$428K

Ln 25

Programscol B$117K

Managementcol C$190K

Owns and owesPt X

$4.9M

net assets · Ln 32

Cash and savingsLn 1–2$372K

Total assetsLn 16$4.9M

LiabilitiesLn 26$38K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$305K

Fees for servicesLn 2g$169K

Investment incomeLn 3$100K

Other incomeLn 4–11$166K

Total revenueLn 12$740K

Assets in detailPt X, end of year

CashLn 1$372K

Cash and savings togetherLn 1–2$372K

InvestmentsLn 11–13$3.2M

Land, buildings, equipmentLn 10c$1.3M

Total assetsLn 16$4.9M

LiabilitiesLn 26$38K

Net assetsLn 32$4.9M

OperationsPt I, VI

EmployeesI 52

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

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	$552K	$372K
InvestmentsLn 11–13	$2.7M	$3.2M
Land, buildings, equipmentLn 10c	$1.4M	$1.3M
Total assetsLn 16	$4.6M	$4.9M
LiabilitiesLn 26	$38K	$38K
Net assetsLn 32	$4.6M	$4.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$37K	$0
Grants to domestic individualsLn 2	$50K	$0
Grants and assistance to foreign recipientsLn 3	$117K	$117K
Pay of current officers, directors and key staffLn 5	$30K	$0	$30K	$0
Payroll taxesLn 10	$3K	$0	$3K	$0
Accounting feesLn 11c	$4K	$0	$4K	$0
Office expensesLn 13	$47K	$0	$47K	$0
TravelLn 17	$41K	$0	$41K	$0
Depreciation, depletion and amortizationLn 22	$33K	$0	$33K	$0
Other expenses (24a–d)Ln 24	$32K	$0	$32K	$0
All other expensesLn 24e	$35K	$0	$0	$0
Total functional expensesLn 25	$428K	$117K	$190K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$740K	$428K	$312K	$4.9M	990 PDF
FY2023	$493K	$360K	$133K	$4.6M	990 PDF
FY2022	$670K	$360K	$310K	$4.1M	990 PDF
FY2021	$1.2M	$274K	$899K	$4.6M	990 PDF
FY2020	$433K	$225K	$208K	$3.5M	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 F · Foreign O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $740,160 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $77,895$305,398

I-9 Program service revenuePrior year $185,950$168,900

I-10 Investment incomePrior year $59,683$99,643

I-11 Other revenuePrior year $169,686$166,219

I-12 Total revenuePrior year $493,214$740,160

I-13 Grants and similar amounts paidPrior year $143,380$203,420

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $32,300$32,849

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $184,749$191,629

I-18 Total expensesPrior year $360,429$427,898

I-19 Revenue less expensesPrior year $132,785$312,262

Part VI · Governance 0 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

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

Part VIII · Statement of revenue $740,160 across 6 lines filed

VIII-1f All other contributions, gifts and grants$305,398

VIII-1h Total contributions, gifts and grants$305,398

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$168,900

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$99,643

VIII-6 Net rental income or lossUnrelated business $166,219$166,219

VIII-12 Total revenueRelated to mission $268,543 · Unrelated business $166,219 · Excluded from tax $0$740,160

Part IX · Statement of functional expenses $427,898 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $0$36,950

IX-2 Grants to domestic individualsPrograms $0$49,600

IX-3 Grants and assistance to foreign recipientsPrograms $116,870$116,870

IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $29,747 · Fundraising $0$29,747

IX-10 Payroll taxesPrograms $0 · Management $3,102 · Fundraising $0$3,102

IX-11c Accounting feesPrograms $0 · Management $4,500 · Fundraising $0$4,500

IX-13 Office expensesPrograms $0 · Management $46,703 · Fundraising $0$46,703

IX-17 TravelPrograms $0 · Management $40,577 · Fundraising $0$40,577

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $32,636 · Fundraising $0$32,636

IX-24 Other expenses (24a–d)Programs $0 · Management $32,496 · Fundraising $0$32,496

IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$34,717

IX-25 Total functional expensesPrograms $116,870 · Management $189,761 · Fundraising $0$427,898

Part X · Balance sheet $4,932,670 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $552,110$371,510

X-10c Land, buildings and equipment, netStart of year $1,353,089$1,320,453

X-11 Publicly traded securitiesStart of year $2,715,209$3,240,707

X-16 Total assetsStart of year $4,620,408$4,932,670

X-25 Other liabilitiesStart of year $38,344$38,344

X-26 Total liabilitiesStart of year $38,344$38,344

X-32 Total net assets or fund balancesStart of year $4,582,064$4,894,326

X-33 Total liabilities and net assetsStart of year $4,620,408$4,932,670

Part XI · Reconciliation of net assets $4,894,326 net assets at year end

XI-1 Total revenue$740,160

XI-2 Total expenses$427,898

XI-3 Revenue less expenses$312,262

XI-4 Net assets at start of year$4,582,064

XI-10 Net assets at end of year$4,894,326

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

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Tung Sen Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Tung Sen Association

By the numbers

Filing history

Schedules filed Part IV