Overview
What is Cgcc Foundation Inc C/O China General Chamber Of Commerce?
Cgcc Foundation Inc C/O China General Chamber Of Commerce is a nonprofit organization situated in New York City, specifically at 19 East 48th Street, 5th Floor. Their primary mission is twofold. Firstly, they coordinate various fundraising campaigns and charitable activities within their community. Secondly, they strive to foster better understanding and cooperation between the United States and China through research, public charity, and engagement in economic, cultural, and social exchange. This is achieved through events such as their annual gala, Lunar New Year celebration, and business survey report launch, as well as partnerships with organizations like SelectUSA.
Official website here: www.cgccusa.org/en/cgcc-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%, One-Star out of Four Star rating.
The Cgcc Foundation Inc, associated with the China General Chamber of Commerce, has received a low rating of 59% from Charity Navigator, which indicates significant concerns regarding its financial management and operational effectiveness. While the organization does have a fully independent board and robust policies in place for conflict of interest, whistleblowing, and document retention, its overall accountability and finance score is troubling.
A major weakness is the high liabilities to assets ratio, which stands at 66.84%, suggesting potential financial instability. Additionally, the program expense ratio is notably low at 43.83%, indicating that a significant portion of its expenses may not be directed towards programmatic activities. This raises questions about the effectiveness and impact of the foundation's initiatives.
Despite some organizational strengths, such as transparent governance practices and the absence of material asset diversion, the financial metrics reveal serious limitations that potential donors should consider. The low program expense ratio, in particular, may be a red flag for those looking to support a charity that prioritizes its mission over administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Cgcc Foundation Inc C/O China General Chamber Of Commerce legitimate?
Cgcc Foundation Inc C/O China General Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cgcc Foundation Inc C/O China General Chamber Of Commerce 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,650
For more financial information, click here
Official website here: www.cgccusa.org/en/cgcc-foundation
What is the mission statement of Cgcc Foundation Inc C/O China General Chamber Of Commerce?
The Cgcc Foundation Inc C/O China General Chamber of Commerce has a twofold mission. Firstly, it coordinates various fundraising campaigns and charitable activities to contribute to its causes. Secondly, it aims to foster mutual understanding and cooperation between the United States and China through research, public charity, and engagement in economic, cultural, and social exchanges. The foundation accomplishes this mission by hosting events such as the annual gala, Lunar New Year celebration, and the launch of the annual business survey report and SelectUSA reception.
Official website here: www.cgccusa.org/en/cgcc-foundation
Who is the CEO of Cgcc Foundation Inc C/O China General Chamber Of Commerce?
Candice Niu is the Chairman of Cgcc Foundation Inc C/O China General Chamber Of Commerce.
Official website here: www.cgccusa.org/en/cgcc-foundation
What is the revenue of Cgcc Foundation Inc C/O China General Chamber Of Commerce?
Cgcc Foundation Inc C/O China General Chamber Of Commerce's revenue in 2022 was $477,034.
Official website here: www.cgccusa.org/en/cgcc-foundation
Who are the executives of Cgcc Foundation Inc C/O China General Chamber Of Commerce and what are their salaries?
Here are 67 key members and their salaries:
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Official website here: www.cgccusa.org/en/cgcc-foundation
Where can I find the form 990 for Cgcc Foundation Inc C/O China General Chamber Of Commerce?
Cgcc Foundation Inc C/O China General Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cgccusa.org/en/cgcc-foundation
Learn more at the official website: www.cgccusa.org/en/cgcc-foundation
Mission Statement of Cgcc Foundation Inc C/O China General Chamber Of Commerce
The Cgcc Foundation Inc C/O China General Chamber Of Commerce, in its mission, works to coordinate various fundraising campaigns and charitable activities. This nonprofit organization's primary goal is to foster mutual understanding and cooperation between the United States and China. It achieves this objective through research, public charity, and engagement in economic, cultural, and social exchanges. The foundation is actively involved in organizing events such as its annual gala, Lunar New Year celebration, and the launch of the Annual Business Survey Report & SELECTUSA Reception. These events serve as platforms to strengthen the ties between the two nations, promoting understanding and cooperation in various sectors.
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Impact
July, 2024
Cgcc Foundation Inc, operating under the China General Chamber of Commerce, has a significant impact on fostering mutual understanding and cooperation between the United States and China. Through its research, public charity initiatives, and engagement in economic, cultural, and social exchanges, the foundation plays a key role in building bridges between these two nations. By coordinating various fundraising campaigns and charitable activities, the foundation actively supports human services and contributes to the betterment of society. Its annual gala events, Lunar New Year celebrations, and business survey report launches serve as platforms for networking, knowledge sharing, and strengthening relationships within the business community. The foundation's efforts contribute to promoting goodwill, collaboration, and positive impacts in both American and Chinese societies.
This information is meant to be a general summary of Cgcc Foundation Inc C/O China General Chamber Of Commerce. 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 2022.
- Investment Income: $2,034
- Gross Receipts: $477,034
Assets and Liabilities:
- Total Assets: $1,526,216
- Total Liabilities: $1,020,189
- Net Assets: $506,027
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Organization Details
Founding Year
2013
Phone
(646) 928-5130Principal Officer
Candice Niu
Main Address
19 EAST 48TH STREET 5TH FLOOR, NEW YORK, NY, 10017
NTEE Category
Code: P20 - Human services
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