LOONG KONG TIEN YEE ASSOCIATION

Address
23 DIVISION STREET
NEW YORK, NY 10002
Contact
Nonprofit
NTEE: Y41 - Mutual/Membership benefit
EIN: 23-7442131

Mission

FAMILY BENEVOLENT ASSOCIATION
 20172016201520142013
Basic features of the organization
Doing business as nameLUNG KONG OF NEW YORK
Year of formation1898
Subsection code08
PF filing required0    
Metropolitan statistical area5602
Form of organization
AssociationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers  10  
Personnel
Cheung, Tak
TitlePRESV PRESV PRESV PRESV PRES
Name of key/compensated personTAK KWONG CHEUNGTAK KWONG CHEUNGTAK KWONG CHEUNGTAK KWONG CHEUNGTAK KWONG CHEUNG
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org5.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Lau, Moon
TitleV PRESPRESPRESPRESPRES
Name of key/compensated personMOON LAUMOON W LAUMOON W LAUMOON W LAUMOON W LAU
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.005.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Quan, Henry
TitleV PRESV PRESV PRESV PRESV PRES
Name of key/compensated personHENRY QUANHENRY QUANHENRY QUANHENRY QUANHENRY QUAN
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Zhao, Xian
TitleV PRESV PRESV PRESV PRESV PRES
Name of key/compensated personXIAN MING ZHAOXIAN MING ZHAOXIAN MING ZHAOXIAN MING ZHAOXIAN MING ZHAO
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesFAMILY BENEVOLENT ASSOCIATIONFAMILY BENEVOLENT ASSOCIATIONFAMILY BENEVOLENT ASSOCIATIONFAMILY BENEVOLENT ASSOCIATIONFAMILY BENEVOLENT ASSOCIATION
Program service expenses, total$140,722.00$194,866.00$179,024.00$134,710.00$163,462.00
Programs, including revenue & expenses
FAMILY BENEVOLENT
Program expenses$140,722.00$194,866.00$179,024.00$134,710.00$163,462.00
Program descriptionFAMILY BENEVOLENTFAMILY BENEVOLENTFAMILY BENEVOLENTFAMILY BENEVOLENTFAMILY BENEVOLENT
Financial data
Revenue
Total revenue$197,211.00$232,019.00$227,789.00$178,925.00$103,737.00
Revenue from contributions (total)$3,720.00$2,730.00$9,900.00$14,735.00$11,562.00
Investment income, current yr$35,491.00$34,801.00$24,656.00$2,134.00$6,094.00
Total revenue from grants, etc., current yr$3,720.00$2,730.00$9,900.00$14,735.00$11,562.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$158,000.00$194,488.00$193,233.00$162,056.00$86,081.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$430,810.00$454,748.00$442,045.00$374,012.00$286,159.00
Sources of contributions
Contributions revenue from membership dues$500.00$1,550.00$2,200.00$4,365.00$1,500.00
Revenue from fundraising events   $10,370.00$10,062.00
Contributions from related organizations$3,220.00$1,180.00$7,700.00  
Other types of revenue
Income from dividends, interest, and similar investments$3,251.00$2,561.00$3,085.00$2,134.00$4,409.00
Net rental income$158,000.00$194,488.00$193,233.00$162,056.00$86,081.00
Expense categories (totals)
Total functional expenses: sum of all$140,722.00$194,866.00$179,024.00$134,710.00$163,462.00
Total functional expenses: program service $140,722.00$194,866.00$179,024.00$134,710.00$163,462.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$6,112.00$22,792.00$4,877.00 $15,475.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,510,739.00$2,454,250.00$2,417,097.00$2,368,332.00$2,322,323.00
Total assets, beginning of year$2,454,250.00$2,417,097.00$2,368,332.00$2,322,323.00$2,357,058.00
Total liabilities$100,011.00$100,011.00$100,011.00$100,011.00$98,217.00
Total liabilities, beginning of year$100,011.00$100,011.00$100,011.00$98,217.00$73,227.00
Unrestricted net assets, end of yr$2,410,728.00$2,354,239.00$2,317,086.00$2,268,321.00$2,224,106.00
Net assets$2,410,728.00$2,354,239.00$2,317,086.00$2,268,321.00$2,224,106.00
Net assets, beginning of year$2,354,239.00$2,317,086.00$2,268,321.00$2,224,106.00$2,283,831.00
Cash: non-interest bearing$633,419.00$588,270.00$561,758.00$513,500.00$445,493.00
Cash: non-interest bearing, beginning of year$588,270.00$561,758.00$513,500.00$445,493.00$275,129.00
Other financial variables
Revenue less expenses$56,489.00$37,153.00$48,765.00$44,215.00-$59,725.00
Advertising (total)$3,751.00$3,609.00$3,188.00$2,491.00$3,059.00
Savings & temp cash investment$615,803.00$580,353.00$545,602.00$520,985.00$518,873.00
Accounts payable & accrued expenses$79,800.00$79,800.00$79,800.00$79,800.00$78,006.00
Unsecured notes & loans to unrelated parties$20,211.00$20,211.00$20,211.00$20,211.00$20,211.00
Total net assets or fund balances$2,410,728.00$2,354,239.00$2,317,086.00$2,268,321.00$2,224,106.00
Payment to affiliates  $10,707.00$8,528.00$20,687.00
Governance and accountability
Number of voting members1818181818
Number of independent voting members1818181818
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Has local chaptersTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-05-252017-10-032016-09-222015-08-052014-09-25
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.1
Filing identifier201801299349301330201741309349301144201621339349301242201541329349300219201431159349300713
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