Chinese Chamber Of Commerce Foundation

Chinatown Community Foundation

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

EIN: 990315441 ✦ Honolulu, HI ✦ Designated as a 501(c)(3)

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Overview

What is Chinese Chamber Of Commerce Foundation?

The Chinese Chamber of Commerce Foundation, based in Honolulu, Hawaii, primarily functions as a charitable organization. Their primary objective is to receive donations for charitable purposes and make donations to support various causes, such as the relief of the poor, distressed, or underprivileged, the advancement of education, religion, science, and the lessening of government burden. In addition to their charitable endeavors, the foundation plays a crucial role in promoting the cultural, historic, and social heritage of the Chinese community in Hawaii. By preserving and enhancing the character and tradition of Chinatown, the foundation contributes to the rich cultural tapestry of the region.

Is Chinese Chamber Of Commerce Foundation legitimate?

Chinese Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chinese Chamber Of Commerce Foundation 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: $0

For more financial information, click here

What is the mission statement of Chinese Chamber Of Commerce Foundation?

The Chinese Chamber of Commerce Foundation's mission is centered around receiving charitable contributions and making donations exclusively for charitable purposes. Their primary goal is to promote and preserve the cultural, historical, and social heritage of the Chinese community in Hawaii, with a focus on upholding and enhancing the character and tradition of Chinatown. The foundation primarily makes charitable donations, including for the relief of the poor, distressed, or underprivileged, the advancement of education, religion, or science, the lessening of government burden, and the promotion of social welfare.

Who is the CEO of Chinese Chamber Of Commerce Foundation?

Russell J Lau is the President of Chinese Chamber Of Commerce Foundation.

What is the revenue of Chinese Chamber Of Commerce Foundation?

Chinese Chamber Of Commerce Foundation's revenue in 2023 was $98,933.

Who are the executives of Chinese Chamber Of Commerce Foundation and what are their salaries?


Here are 5 key members and their salaries:


Walter T C Chang (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Cook (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell J Lau (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alvin C P Wong (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chinese Chamber Of Commerce Foundation?

Chinese Chamber Of Commerce Foundation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Chinese Chamber Of Commerce Foundation

The Chinese Chamber of Commerce Foundation, as a charitable organization, is dedicated to receiving contributions and making donations exclusively for noble purposes. Its primary mission lies in promoting the cultural, historic, and social heritage of the Chinese community in Hawaii. The foundation strives to preserve and enhance the character and tradition of Chinatown, ensuring the rich history and cultural significance of this community remains intact.

In addition to its cultural preservation mission, the Chinese Chamber of Commerce Foundation is also committed to making charitable donations. It supports various causes, such as helping the less fortunate, advancing education, religion, or science, and promoting social welfare. Furthermore, the foundation works towards lessening the burden of government by contributing to worthy causes. This multifaceted approach allows the Chinese Chamber of Commerce Foundation to positively impact its community and contribute to the betterment of society as a whole.

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Impact




October, 2024

The Chinese Chamber of Commerce Foundation plays a significant role in preserving and enhancing the cultural, historic, and social heritage of the Chinese community in Hawaii, particularly in Chinatown. By receiving charitable contributions and allocating resources for various charitable purposes, the Foundation addresses critical community needs.

It supports the relief of the poor, distressed, or underprivileged, thereby directly improving the quality of life for many individuals and families. Additionally, through its dedication to education, religion, and science, the Foundation promotes learning and cultural awareness, benefiting the broader community.

The Foundation’s efforts in community improvement also contribute to maintaining the unique character and traditions of Chinatown, ensuring that its rich history continues to thrive and is passed down to future generations. This commitment fosters a sense of identity and belonging within the community while also encouraging social welfare initiatives that further benefit all residents of Honolulu.




This information is meant to be a general summary of Chinese Chamber Of Commerce Foundation. 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
$98,933 (2023)
Expenses
$16,526 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $86
  • Program Service Revenue: $49,860
  • Gross Receipts: $153,200

Assets and Liabilities:

  • Total Assets: $1,213,745
  • Total Liabilities: $377,357
  • Net Assets: $836,388

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Programs

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

GOLF TOURNAMENT

Revenue

$50,110

CGM - SALES

Revenue

-$250

Organization Details

Founding Year

1994

Principal Officer

Russell J Lau

Main Address

8 SOUTH KING STREET 2ND FLOOR, HONOLULU, HI, 96813

NTEE Category

Code: S41 - Community improvement

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