Overview
What is Peninsula Chinese Business Association Inc?
The Peninsula Chinese Business Association Inc, situated in Millbrae, California, is a nonprofit organization that actively engages in supporting local schools, community needs, and charitable organizations. They accomplish this mission through various fundraisers, organized events, and planned activities. Each year, they host two significant events: a Chinese New Year dinner, complete with raffles, games, and audience participation, and another gala dinner. By doing so, the Peninsula Chinese Business Association Inc contributes positively to its community, fostering a sense of unity and support among its members and local residents.
Official website here: www.pcbausa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Peninsula Chinese Business Association Inc has achieved an impressive 97% rating, signifying a strong commitment to accountability and finance. This rating reflects the organization’s robust governance structure, with a fully independent board and no material diversion of assets reported. Such a high score indicates transparency and responsible management, crucial factors in building trust with donors and the community.
Strengths highlighted in the review include the organization’s comprehensive policies, such as conflict of interest and whistleblower protections, which are essential for ethical operations. Additionally, the association has a remarkable program expense ratio of 98.13%, indicating that nearly all of its resources are directed towards its programs. This efficiency demonstrates a successful alignment of financial practices with their mission.
While there are no noted limitations in the feedback, the absence of any material concerns enhances the overall positive impression of the organization. The high score and effective governance practices suggest that the Peninsula Chinese Business Association Inc is a well-managed nonprofit that prioritizes its mission and the welfare of its constituents.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Chinese Business Association Inc legitimate?
Peninsula Chinese Business Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Chinese Business Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pcbausa.com
What is the mission statement of Peninsula Chinese Business Association Inc?
The Peninsula Chinese Business Association Inc is committed to supporting local schools, community needs, and charitable organizations. They achieve this goal through various fundraisers, planned events, and organized activities. The association typically hosts two events annually, including a Chinese New Year dinner with raffles and games, as well as another gala dinner. Their primary objective is to contribute positively to their community and support those in need.
Official website here: www.pcbausa.com
Who is the CEO of Peninsula Chinese Business Association Inc?
Johnny Darosa is the President of Peninsula Chinese Business Association Inc.
Official website here: www.pcbausa.com
What is the revenue of Peninsula Chinese Business Association Inc?
Peninsula Chinese Business Association Inc's revenue in 2022 was $141,345.
Official website here: www.pcbausa.com
Who are the executives of Peninsula Chinese Business Association Inc and what are their salaries?
There 14 volunteers at Peninsula Chinese Business Association Inc.
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Official website here: www.pcbausa.com
Where can I find the form 990 for Peninsula Chinese Business Association Inc?
Peninsula Chinese Business Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcbausa.com
Learn more at the official website: www.pcbausa.com
Mission Statement of Peninsula Chinese Business Association Inc
Peninsula Chinese Business Association Inc is committed to supporting local schools, community needs, and charitable organizations. This nonprofit organization achieves this mission through various fundraisers, planned events, and organized activities. They actively engage with their community, hosting two significant events annually. One of these events is a Chinese New Year dinner, which includes raffles and games, allowing for audience participation. The other event is a gala dinner, held each year as well. By hosting these events and contributing to fundraisers, Peninsula Chinese Business Association Inc plays a crucial role in strengthening the local community and supporting the causes that matter to them.
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Impact
October, 2024
Peninsula Chinese Business Association Inc significantly impacts the local community by supporting education, addressing community needs, and bolstering charitable organizations. Through its fundraising efforts and organized activities, it creates opportunities for collaborative engagement and resource sharing among community members.
The association hosts two major annual events, including a vibrant Chinese New Year dinner that features raffles and games, fostering a sense of community and cultural celebration. Additionally, the gala dinner further reinforces community ties, allowing for networking and support among local businesses and families.
By directing resources and support towards local schools and charitable initiatives, the association enhances educational opportunities and helps address pressing community needs, thereby playing a vital role in the social and economic well-being of Millbrae, CA.
This information is meant to be a general summary of Peninsula Chinese Business Association 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 2022.
- Investment Income: $122
- Gross Receipts: $161,507
Assets and Liabilities:
- Total Assets: $27,155
- Total Liabilities: $0
- Net Assets: $27,155
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Organization Details
Founding Year
2010
Phone
(650) 259-9388Principal Officer
Johnny Darosa
Main Address
50 VICTORIA AVENUE 208, MILLBRAE, CA, 94030
Website
www.pcbausa.comNTEE Category
Code: B12 - Education
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