2024-11-12T12:28:05-06:00 2023-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-01-01 262791755 CAIPA FOUNDATION INC CAIP 2129658488 202 CANAL STREET SUITE 500 NEW YORK NY 10013 SUN-HOO FOO CHAIRMAN 2129658488 2024-11-11 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-11-06 2023 2024-10-15 13:58:12Z SUN-HOO FOO 202 CANAL STREET SUITE 500 NEW YORK NY 10013 2473996 0 X WWW.CAIPAFOUNDATION.ORG X 2007 NY PROMOTE THE HEALTH OF CHINESE AMERICANS. 5 5 11 7 0 0 1448377 1744317 297790 187619 -4351 423060 32542 -6964 1774358 2348032 27308 0 0 0 520063 288410 0 0 190063 941931 731494 1489302 1019904 285056 1328128 3724161 4997221 125259 144035 3598902 4853186 X PROMOTE THE HEALTH OF CHINESE AMERICANS THROUGH GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND SUPPORT OF COMMUNITY HEALTH AND RESEARCH PROJECTS. 0 1 644193 337619 PROVIDE THE HIGHEST QUALITY SERVICES TO SENIORS IN THE ASIAN-AMERICAN COMMUNITIES THROUGH SOCIAL DAY CARE CENTERS. MAKE SURE THAT SENIORS RECEIVE CULTURALLY SENSITIVE CARE AND SERVICES THAT WOULD OFFER THEM A SECURED, PEACEFUL AND BETTER QUALITY OF LIFE. 644193 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 7 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X KELLY KWOK ASSISTANT VICE PRESIDENT 2129659888 202 CANAL STREET SUITE 500 NEW YORK NY 10013 X SUN-HOO FOO CHAIR/PRES./DIR./CEO 0.50 X X 0 0 0 JONATHAN CHANG DIRECTOR AND VP 0.50 X X 0 0 0 FELIX CHU DIR./SECR./TREAS. 0.50 X X 0 0 0 ALICE LAU DIRECTOR 0.50 X 0 0 0 GEORGE LIU DIRECTOR 0.50 X 0 0 0 SUSAN LAU EXECUTIVE DIRECTOR (OUTGOING) 2.00 X 0 0 0 PEGGY SHENG EXECUTIVE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 361950 35556 1346811 1744317 MANAGED LT CARE REV. 624110 178908 178908 SILVER SNEAKERS REV. 624110 8711 8711 187619 135279 135279 137781 150000 0 0 137781 150000 287781 150000 137781 119000 361950 125964 -6964 -6964 2348032 337619 0 266096 261625 261625 26785 26785 120000 120000 24000 24000 7200 7200 15568 8452 7116 193427 193427 26255 26255 3330 3164 166 68118 34059 34059 INDIRECT FUNDRAISER EXP 190063 190063 KITCHEN EXPENSES 40903 40903 FOOD DRIVES 21046 21046 EVENT SPONSORSHIPS 18540 18540 3044 2737 307 1019904 644193 185648 190063 630776 2151514 123161 70652 44089 0 3329 2614681 2801618 281562 0 3724161 4997221 20059 1547 105200 142488 125259 144035 X 0 0 0 0 3598902 4853186 3598902 4853186 3724161 4997221 1328128 -73844 0 X X 0 1 X 1 0 X 1891063 1440594 2234601 1448377 1737353 8751988 1891063 1440594 2234601 1448377 1737353 8751988 667448 8084540 249136 241699 257242 108440 423060 1279577 212 4398 113743 119000 237353 10268918 1583913 0.78730 0.81720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTIES 142488 142488 X 2084125 -73844 -190063 -263907 2348032 0 2348032 829841 0 829841 190063 190063 1019904 PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSES -190,063. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 190,063. ASIAN HERITAGE NIGHT 480950 361950 119000 104662 17727 3575 480950 361950 119000 104662 17727 3575 125964 -6964 FORM 990, PART III, LINE 3 ON JULY 19, 2023, THE FOUNDATION ENTERED INTO AN ASSET PURCHASE AGREEMENT WITH A THIRD PARTY TO SELL THE TANGIBLE ASSETS OF CAIPA SOCIAL DAYCARE CENTER LLC FOR $150,000. CONCURRENT WITH THE AGREEMENT, AS OF THE EFFECTIVE DATE, THE FOUNDATION DISCONTINUED ALL OPERATIONS OF CAIPA SOCIAL DAYCARE CENTER LLC. THE FOUNDATION RECORDED A GAIN ON THE SALE OF THE ASSETS OF $150,000, AND A CHANGE IN NET ASSETS WITHOUT DONOR RESTRICTIONS FROM DISCONTINUED OPERATIONS FOR 2023 OF $(250,487), AS DISCLOSED ON THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THEN THE RETURN IS SEND TO THE BOARD OF DIRECTORS FOR REVIEW, COMMENT AND APPROVAL PRIOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REVIEWING THE ANNUAL CONFLICT OF INTEREST POLICY AND NOTIFICATIONS OF CONFLICTS OF INTEREST BY BOARD MEMBERS DURING THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: HE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CAIPA SOCIAL DAYCARE CENTER INC 202 CANAL STREET SUITE 500 NEW YORK NY 10013 461165203 SOCIAL DAYCARE CENTERS FOR SENIOR ASIAN AMERICAN INDIVIDUALS NY 337619 320831 CAIPA FOUNDATION INC