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Cathay Bank Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.37M (2022)

Expenses
$2.74M (2022)

Total Assets
$129k (2022)

Total Liabilities
$26.6k (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,370,809
Expenses
$2,744,948
Net Income
-$374,139
Net Assets
$102,210
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,320,809
97.9%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $50,000
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,626,000
95.7%
Compensation of Officers* $50,000
1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $128,810
Total Liabilities $26,600
Net Assets $102,210
Compensation
Key Employees and Officers Compensation Other
Deborah Ching (Co Chair) $25,000 $0
Stewart Kwoh (Director) $25,000 $0
Peter Wu (Chair) $0 $0
Wilson Tang (Treasurer) $0 $0
Anthony Hua (Director) $0 $0
Elizabeth Lee (Director) $0 $0
Jack Sun (Director) $0 $0
Bill Becker (Secretary) $0 $0
Richard Sun (Director) $0 $0
Rex Hong (Director) $0 $0
Chang Liu (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,435,861
Expenses
$2,983,093
Net Income
$452,768
Net Assets
$476,349
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,435,861
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,899,000
97.2%
Compensation of Officers* $31,250
1.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $500,499
Total Liabilities $24,150
Net Assets $476,349
Compensation
Key Employees and Officers Compensation Other
Deborah Ching (Co Chair) $18,750 $0
Stewart Kwoh (Director) $12,500 $0
Peter Wu (Chair) $0 $0
Wilson Tang (Treasurer) $0 $0
Anthony Hua (Director) $0 $0
Elizabeth Lee (Director) $0 $0
Jack Sun (Director) $0 $0
Bill Becker (Secretary) $0 $0
Richard Sun (Director) $0 $0
Rex Hong (Director) $0 $0
Martin B Gumbiner (Director Former) $0 $0
Chang Liu (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,092,700
Expenses
$2,126,767
Net Income
-$34,067
Net Assets
$23,581
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,092,700
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,081,000
97.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $354,000
Total Liabilities $330,419
Net Assets $23,581
Compensation
Key Employees and Officers Compensation Other
Peter Wu (Chair) $0 $0
Deborah Ching (Co Chair) $0 $0
Wilson Tang (Treasurer) $0 $0
Pin Tai (Director) $0 $0
Elizabeth Lee (Director) $0 $0
Jack Sun (Director) $0 $0
Irwin Wong (Director) $0 $0
David Lin (Director) $0 $0
Richard Sun (Director) $0 $0
Rex Hong (Director) $0 $0
Martin B Gumbiner (Secretary) $0 $0
Change Liu (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,755,883
Expenses
$2,564,953
Net Income
$190,930
Net Assets
$57,648
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,755,883
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,409,678
93.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $67,648
Total Liabilities $10,000
Net Assets $57,648
Compensation
Key Employees and Officers Compensation Other
Peter Wu (Chair) $0 $0
Deborah Ching (Co Chair) $0 $0
Wilson Tang (Treasurer) $0 $0
Pin Tai (Director) $0 $0
Elizabeth Lee (Director) $0 $0
Jack Sun (Director) $0 $0
Irwin Wong (Director) $0 $0
David Lin (Director) $0 $0
Richard Sun (Director) $0 $0
Rex Hong (Director) $0 $0
Martin B Gumbiner (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,142,083
Expenses
$3,136,034
Net Income
$6,049
Net Assets
-$133,282
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,142,083
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,047,455
97.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $20,218
Total Liabilities $153,500
Net Assets -$133,282
Compensation
Key Employees and Officers Compensation Other
Peter Wu (Foundation Board Member) $0 $0
Deborah Ching (Foundation Board Member) $0 $0
Wilson Tang (Foundation Board Member) $0 $0
Norman Cerswell (Foundation Board Member) $0 $0
Pin Tai (Foundation Board Member) $0 $0
Elizabeth Lee (Director) $0 $0
Jack Sun (Foundation Board Member) $0 $0
Irwin Wong (Foundation Board Member) $0 $0
David Lin (Svp District Administrator) $0 $0
Richard Sun (Foundation Board Member) $0 $0
Wen Chang (Nca Branch Manager) $0 $0
James Wong (Tx Houston Corporate Lending) $0 $0
Chad Madison (Tx Branch Manager) $0 $0
Nita Kao (Il Branch Manager) $0 $0
Jenny Gong (Tx Branch Manager) $0 $0
Edward Tang (Sac Branch Manager) $0 $0
Paul Toves (Nv Branch Manager) $0 $0
Grant Pattison (Ma Branch Manager) $0 $0
Vincent Chen (Sca Sd Branch Manager) $0 $0
Josephine Yang (Wa Branch Manager) $0 $0
Georgia Lo (Legal Department) $0 $0
Jennifer Chen (Cra Department) $0 $0
Rex Hong (Foundation Board Member) $0 $0
Martin B Gumbiner (Fvp & Cra Officer) $0 $0
Cathy Choe (Cra Dept) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,631,277
Expenses
$1,601,430
Net Income
$29,847
Net Assets
$40,669
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,631,277
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,601,430
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $67,669
Total Liabilities $27,000
Net Assets $40,669

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,652,597
Expenses
$1,643,990
Net Income
$8,607
Net Assets
$10,822
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,652,597
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,643,990
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,822
Total Liabilities $0
Net Assets $10,822

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,470,148
Expenses
$1,476,545
Net Income
-$6,397
Net Assets
$2,215
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,470,148
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,476,545
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,215
Total Liabilities $0
Net Assets $2,215

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,386,703
Expenses
$1,486,867
Net Income
-$100,164
Net Assets
$8,612
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,386,703
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,486,867
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,612
Total Liabilities $0
Net Assets $8,612

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,461,348
Expenses
$1,395,432
Net Income
$65,916
Net Assets
$108,776
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,461,348
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,395,432
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $108,776
Total Liabilities $0
Net Assets $108,776

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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