Overview
What is Chinese Consolidated Benevolent Association Of New England Inc?
The Chinese Consolidated Benevolent Association of New England Inc. serves as an umbrella organization for the Chinese community in New England. Their mission is multifaceted, aiming to unite all members of the Chinese community, promote and preserve their culture and traditions, advocate for freedom and democracy, safeguard their rights, ensure equality, and enhance their general welfare. The association is active in coordinating charitable events and educational activities for the community. Furthermore, they have taken up the task of developing and maintaining affordable housing for families within their community. With a workforce of six dedicated individuals, they strive to make a significant impact on the lives of those they serve.
Official website here: www.ccbaboston.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
The Chinese Consolidated Benevolent Association of New England Inc has received a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The organization demonstrated strong governance practices, with a board comprised entirely of independent members and excellent adherence to policies such as conflict of interest and whistleblower protections.
Financially, the organization shows a high program expense ratio of 96.39%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, their liabilities to assets ratio of 44.23% suggests a healthy balance sheet, which supports their sustainability and operational capacity.
While the overall rating is positive, continued efforts in maintaining transparency and effective financial management will be crucial for the organization to enhance its reputation and impact further. The absence of any material diversion of assets is particularly noteworthy, reinforcing trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Chinese Consolidated Benevolent Association Of New England Inc legitimate?
Chinese Consolidated Benevolent Association Of New England Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chinese Consolidated Benevolent Association Of New England Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $19,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $329,075
For more financial information, click here
Official website here: www.ccbaboston.org
What is the mission statement of Chinese Consolidated Benevolent Association Of New England Inc?
The Chinese Consolidated Benevolent Association of New England Inc serves as an umbrella organization for the Chinese community in the region. Its primary purpose is to unite all members of this community, promote and preserve their culture and traditions. Furthermore, the organization strives to advance the cause of freedom and democracy, safeguard the rights, and ensure equality for its members. Lastly, the Chinese Consolidated Benevolent Association of New England Inc works towards enhancing the general welfare of the Chinese community in New England.
Official website here: www.ccbaboston.org
Who is the CEO of Chinese Consolidated Benevolent Association Of New England Inc?
Felix Lui is the Director of Chinese Consolidated Benevolent Association Of New England Inc.
Official website here: www.ccbaboston.org
What is the revenue of Chinese Consolidated Benevolent Association Of New England Inc?
Chinese Consolidated Benevolent Association Of New England Inc's revenue in 2021 was $2,420,884.
Official website here: www.ccbaboston.org
Who are the executives of Chinese Consolidated Benevolent Association Of New England Inc and what are their salaries?
The average compensation at Chinese Consolidated Benevolent Association Of New England Inc during 2021 was $58,046. There are 6 employees and 30 volunteers at Chinese Consolidated Benevolent Association Of New England Inc.
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- Compensation: $121,851
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- Other: $6,011
Official website here: www.ccbaboston.org
Where can I find the form 990 for Chinese Consolidated Benevolent Association Of New England Inc?
Chinese Consolidated Benevolent Association Of New England Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.ccbaboston.org
Learn more at the official website: www.ccbaboston.org
Mission Statement of Chinese Consolidated Benevolent Association Of New England Inc
The Chinese Consolidated Benevolent Association of New England Inc serves as an umbrella organization for the Chinese community in the region. Its mission is multifaceted, aimed at fostering unity among its members, preserving and promoting Chinese culture and tradition, advocating for freedom and democracy, safeguarding the rights and ensuring equality for members of the Chinese community, and ultimately enhancing the general welfare of the Chinese community as a whole. By uniting all members of the Chinese community, the organization seeks to create a cohesive and supportive network, while also promoting and preserving the rich cultural heritage and traditions of the Chinese community. Furthermore, the Chinese Consolidated Benevolent Association of New England Inc is dedicated to advancing democratic values and safeguarding the rights of its members, ensuring that they are treated fairly and equally in society. In doing so, the organization aims to improve the overall well-being of the Chinese community, providing them with a strong sense of community and support.
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Impact
July, 2024
The Chinese Consolidated Benevolent Association Of New England Inc plays a vital role in uniting and supporting the Chinese community in New England. Through its charitable events and educational activities, the organization has made a significant impact in promoting and preserving Chinese culture and tradition. Additionally, their efforts in developing and maintaining affordable housing have helped families within the community. By safeguarding the rights and ensuring equality of its members, the CCBA contributes to enhancing the general welfare of the Chinese community in New England.
This information is meant to be a general summary of Chinese Consolidated Benevolent Association Of New England Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $4,516
- Program Service Revenue: $1,878,687
- Gross Receipts: $2,426,881
Assets and Liabilities:
- Total Assets: $14,921,911
- Total Liabilities: $5,875,853
- Net Assets: $9,046,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,761,522
OTHER RENTAL SERVICES
Revenue
$117,165
Organization Details
Founding Year
1923
Phone
(617) 542-2574Principal Officer
Felix Lui
Main Address
90 TYLER STREET, BOSTON, MA, 02111
Website
www.ccbaboston.orgNTEE Category
Code: P840 - Human services
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