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Three Treasures Cultural Arts Society Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453715563 ✦ San diego, CA ✦ Designated as a 501(c)(3)

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Overview

What is Three Treasures Cultural Arts Society Inc?

Three Treasures Cultural Arts Society Inc, located in San Diego, California, is a nonprofit organization devoted to promoting traditional Chinese Kung Fu and various other traditional Chinese arts. Their primary focus is on educating children within the San Diego County area. In the recent year, they managed to serve 115 children and garnered recognition for their exceptional after-school program from San Diego County. The society's mission is to preserve and transmit these ancient arts, helping to enrich the cultural heritage of the community. The organization employs 37 individuals, underscoring its commitment to its goals.


Official website here: www.ttcaskf.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 74%, Two-Star out of Four Star rating. Three Treasures Cultural Arts Society Inc has received a rating of 74%, which translates to a Two-Star rating. This score reflects the organization's overall accountability and financial performance, indicating that while there are some strengths, there are also notable areas for improvement.

One of the strengths of the organization is its commitment to governance, as evidenced by having a fully independent board with 100% independent members. Additionally, the organization maintains strong financial health with a low liabilities to assets ratio of 8.05% and a program expense ratio of 82.29%, suggesting that a significant portion of its resources is directed towards its programs. The inclusion of policies for conflict of interest, whistleblowing, and document retention also demonstrates a level of transparency and adherence to best practices.

However, the organization faces limitations in its financial reporting, as it has not provided financial statements, which is a critical component for accountability. The independent board is small, consisting of only two members, which may affect the diversity of perspectives in decision-making. Addressing these issues could enhance the organization's overall rating and stakeholder trust.


This AI summary has been generated from information found on Charity Navigator.

Is Three Treasures Cultural Arts Society Inc legitimate?

Three Treasures Cultural Arts Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Treasures Cultural Arts Society 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: $33,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,894

For more financial information, click here


Official website here: www.ttcaskf.org

What is the mission statement of Three Treasures Cultural Arts Society Inc?

The Three Treasures Cultural Arts Society Inc is committed to spreading the knowledge of traditional Chinese Kung Fu and other Asian cultural arts. Their mission, as stated, is to educate children within their community, specifically in the San Diego County area. During the year, they were able to serve 115 children and received recognition for their exceptional after-school program. The organization's activities focus primarily on teaching these traditional arts to the younger generation, promoting cultural preservation and education.


Official website here: www.ttcaskf.org

Who is the CEO of Three Treasures Cultural Arts Society Inc?

Thuan N Du is the President & Ceo of Three Treasures Cultural Arts Society Inc. The CEO's salary of Three Treasures Cultural Arts Society Inc is $0 and their total compensation is $0.


Official website here: www.ttcaskf.org

What is the revenue of Three Treasures Cultural Arts Society Inc?

Three Treasures Cultural Arts Society Inc's revenue in 2022 was $947,639.


Official website here: www.ttcaskf.org

Who are the executives of Three Treasures Cultural Arts Society Inc and what are their salaries?

The average compensation at Three Treasures Cultural Arts Society Inc during 2022 was $9,072. There are 37 employees and 20 volunteers at Three Treasures Cultural Arts Society Inc.


Here are 2 key members and their salaries (Three Treasures Cultural Arts Society Inc's CEO's salary is $0 and their total compensation is $0):


Thuan N Du (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Thi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ttcaskf.org

Where can I find the form 990 for Three Treasures Cultural Arts Society Inc?

Three Treasures Cultural Arts Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ttcaskf.org

Learn more at the official website: www.ttcaskf.org

Mission Statement of Three Treasures Cultural Arts Society Inc

Three Treasures Cultural Arts Society Inc is committed to spreading the knowledge of traditional Chinese Kung Fu and other Asian cultural arts. The organization's primary mission is to educate children residing within the San Diego county area, instilling in them the rich cultural heritage of China. During the year, they successfully served 115 children, and their efforts were recognized by San Diego County for providing an outstanding after-school program.

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Impact




July, 2024

Three Treasures Cultural Arts Society Inc's impact lies in their dedication to teaching traditional Chinese Kung Fu and other Asian cultural arts to children within the San Diego County area. By serving 115 children during the year, they have made a significant difference in the lives of the youth in the community. Their outstanding after-school program was recognized by San Diego County, further highlighting the positive impact they have in promoting youth development through the teaching of cultural arts.




This information is meant to be a general summary of Three Treasures Cultural Arts Society 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.

Revenue
$947,639 (2022)
Expenses
$779,945 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $751,639
  • Gross Receipts: $947,639

Assets and Liabilities:

  • Total Assets: $141,511
  • Total Liabilities: $11,402
  • Net Assets: $130,109

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$751,639

Organization Details

Founding Year

2011

Principal Officer

Thuan N Du

Main Address

9450 CANDIDA STREET, SAN DIEGO, CA, 92126

NTEE Category

Code: O50 - Youth development

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