2015-05-13T15:59:31-05:00 2014-06-30 061586075 SIMIONE MACCA & LARROW LLP 4130 WHITNEY AVENUE HAMDEN CT 06518 990 2013-07-01 060646971 THE YALE-CHINA ASSOCIATION INCORPORATED YALE 2034320880 442 TEMPLE STREET BOX 208223 NEW HAVEN CT 065208123 CHRISTIAN MURCK INTERIM EXECUTIVE DIRECTOR 2034320880 2015-05-13 1 KATHLEEN S HELD CPA P00638657 2032810540 2013 2016-02-25 16:41:14Z CHRISTIAN MURCK 442 TEMPLE STREET BOX 208223 NEW HAVEN CT 065208123 1350362 0 X WWW.YALECHINA.ORG X 1901 CT THE YALE-CHINA ASSOCIATION INSPIRES PEOPLE TO LEARN AND SERVE TOGETHER. FOUNDED IN 1901 BY GRADUATES OF YALE UNIVERSITY, IT FOSTERS LONG-TERM RELATIONSHIPS THAT IMPROVE EDUCATION, HEALTH, AND CULTURAL UNDERSTANDING IN CHINA AND THE UNITED STATES. 23 23 10 19 0 0 1316933 703832 0 0 605413 610394 57986 5851 1980332 1320077 27505 27505 0 0 1093753 1020798 0 0 90371 618503 525230 1739761 1573533 240571 -253456 13374477 15144097 130528 355131 13243949 14788966 THE YALE-CHINA ASSOCIATION INSPIRES PEOPLE TO LEARN AND SERVE TOGETHER. FOUNDED IN 1901 BY GRADUATES OF YALE UNIVERSITY, IT FOSTERS LONG-TERM RELATIONSHIPS THAT IMPROVE EDUCATION, HEALTH, AND CULTURAL UNDERSTANDING IN CHINA AND THE UNITED STATES. 0 0 1334517 27505 EDUCATION PROGRAM: PROVIDED 10,310 HOURS IN CLASSROOM HOURS AND/OR RESEARCH.HEALTH PROGRAM: PROVIDED 1,518 HOURS IN DIRECT SERVICES, CLASSROOM HOURS, AND/OR RESEARCH.PUBLIC SERVICE PROGRAM: PROVIDED 4,950 HOURS IN DIRECT SERVICES AND/OR CLASSROOM HOURS.ARTS PROGRAM: PROVIDED 640 HOURS IN DIRECT SERVICES AND/OR CLASSROOM HOURS. 1334517 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 10 1 0 1 HK 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X JONATHAN GREEN 2034328460 442 TEMPLE STREET BOX 208223 NEW HAVEN CT 06520 MARTHA FINN BROOKS CHAIRMAN 7.00 X X 0 0 0 MAX MA TREASURER 7.00 X X 0 0 0 MICHAEL J WISHNIE SECRETARY 7.00 X X 0 0 0 DOUGLAS M FERGUSON CO-CHAIR FOR DEVELOPMENT 7.00 X X 0 0 0 CHRISTIAN F MURCK CO-CHAIR FOR DEVELOPMENT 7.00 X X 0 0 0 ZHIWU CHEN TRUSTEE 2.00 X 0 0 0 DEBORAH S DAVIS TRUSTEE 2.00 X 0 0 0 CHARLES D ELLIS TRUSTEE 2.00 X 0 0 0 KRISTOPHER FENNIE TRUSTEE 2.00 X 0 0 0 SALLY HARPOLE TRUSTEE 2.00 X 0 0 0 FRED HU PHD TRUSTEE 2.00 X 0 0 0 JAN KIELY TRUSTEE 2.00 X 0 0 0 PING LIANG TRUSTEE 2.00 X 0 0 0 VIVIAN LING TRUSTEE 2.00 X 0 0 0 PAMELA PHUONG N PHAN TRUSTEE 2.00 X 0 0 0 ALAN J PLATTUS TRUSTEE 2.00 X 0 0 0 NANCY REYNOLDS TRUSTEE 2.00 X 0 0 0 ROBERT M ROHRBAUGH MD TRUSTEE 2.00 X 0 0 0 KATHERINE SANDWEISS TRUSTEE 2.00 X 0 0 0 PETER STEIN TRUSTEE 2.00 X 0 0 0 HENRY S TANG TRUSTEE 2.00 X 0 0 0 QINAN TANG TRUSTEE 2.00 X 0 0 0 MING THOMPSON TRUSTEE 2.00 X 0 0 0 MARY GWEN WHEELER TRUSTEE 2.00 X 0 0 0 ANN B WILLIAMS TRUSTEE 2.00 X 0 0 0 BARRY J WU MD FACP TRUSTEE 2.00 X 0 0 0 NANCY MAASBACH EXECUTIVE DIRECTOR 40.00 X 188921 0 41501 188921 0 41501 1 0 1 0 0 703832 703832 610394 610394 41054 30285 10769 10769 OTHER INCOME 611710 -4918 -4918 -4918 1320077 -4918 0 621163 27505 27505 771937 625300 77743 68894 248861 196427 30957 21477 49434 43383 6051 16548 14457 2091 25598 19702 5896 61097 61097 95566 93714 1852 88768 74933 13835 24589 18442 6147 22375 21350 1025 STIPENDS 94153 94153 PROJECT EXPENSE 34624 34624 STUDENT EXCHANGE 9430 9430 EQUIPMENT RENTAL 3048 3048 1573533 1334517 148645 90371 280164 350262 536106 47197 8170 13938 219355 141137 100276 78218 12449761 14654482 13374477 15144097 130528 355131 0 0 130528 355131 X 6493667 7046222 291866 351784 6458416 7390960 13243949 14788966 13374477 15144097 -253456 1798473 0 X X 0 1 X 1 0 X 1019290 2304269 566406 1373662 709683 5973310 1019290 2304269 566406 1373662 709683 5973310 5973310 636225 566708 561917 605413 610394 2980657 8953967 0.66710 0.66270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12351269 500 2375202 626675 14100296 11602260 52000 1350875 653866 12351269 11021415 690600 487053 596808 11602260 9528871 50000 2014296 571752 11021415 9333260 195611 9528871 0 0 219355 141137 78218 78218 YALE ENDOWMENT AND OTHER INVESTMENTS 14654482 F 14654482 X 3270550 1798473 152000 1950473 1320077 0 1320077 1725533 152000 152000 1573533 0 1573533 PART X, LINE 2: THE ASSOCIATION ADOPTED ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109 EFFECTIVE JULY 1, 2009. ASC TOPIC 740 PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED UPON ADOPTION OF ASC TOPIC 740 AND IN SUBSEQUENT PERIODS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS TAKEN IN PRIOR REPORTING PERIODS BY THE ASSOCIATION AS OF THE DATE OF ADOPTION OF ASC TOPIC 740. 0 EAST ASIA AND THE PACIFIC 1 PROGRAM MANAGEMENT, FUNDRAISING, AND ADMINISTRATION N/A 42916 1 0 0 0 1 0 42916 0 42916 EAST ASIA AND THE PACIFIC SCHOLARSHIPS FOR STUDENTS 25000 EAST ASIA AND THE PACIFIC SCHOLARSHIPS FOR STUDENTS 6000 0 0 0 0 0 0 SCHEDULE F, PART II DURING THE TIME PERIOD UNDER REVIEW, THE YALE-CHINA ASSOCIATION ISSUED GRANTS TO TWO CHINESE UNIVERSITIES FOR A SCHOLARSHIP PROGRAM FOR CHINESE UNDERGRADUATES WHO ARE FROM UNDER-PRIVILEGED BACKGROUNDS. WITHOUT THIS SUPPORT, IT MIGHT HAVE BEEN IMPOSSIBLE FOR THESE PROMISING YOUNG PEOPLE TO FINISH THEIR UNDERGRADUATE DEGREES. YALE-CHINA MONITORS THE GRANT IN SEVERAL WAYS. FIRST, THE INSTITUTION IS REQUIRED TO GIVE DETAILED FINANCIAL AND NARRATIVE REPORTS TO YALE-CHINA, WHICH INCLUDE AN ACCOUNTING OF HOW EACH DOLLAR WAS SPENT, AS WELL AS INFORMATION ON ALL OF THE STUDENTS WHO RECEIVED THE SCHOLARSHIPS. SECOND, A BILINGUAL MEMBER OF THE YALE-CHINA STAFF SERVES ON THE SCHOLARSHIP SELECTION COMMITTEE AT THE INSTITUTION TO ENSURE THE SELECTION PROCESS IS TRANSPARENT AND SOUND. THIRD, STAFF REGULARLY INTERACT WITH THE SCHOLARSHIP STUDENTS TO MONITOR THE SUPPORT THEY ARE RECEIVING FROM THE INSTITUTION. FINALLY, YALE-CHINA LIMITS THE AMOUNT OF MONEY FROM THE GRANTS THAT THE INSTITUTION CAN USE FOR ADMINISTRATIVE SUPPORT TO A NOMINAL AMOUNT. CHEONGSAM BALL 41054 41054 30285 41054 41054 30285 30285 10769 1 X X 0 0 0 0 0 0 0 0 0 NANCY MAASBACH EXECUTIVE DIRECTOR 188921 0 0 0 0 0 0 0 41501 0 230422 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE ORGANIZATION'S MANAGEMENT, INCLUDING THE DIRECTOR OF FINANCE AND OPERATIONS, AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND ALL EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM. DISCLOSURES ARE REVIEWED BY THE BOARD CHAIR AND THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY WAS REVIEWED BY A COMMITTEE AND THE BOARD TREASURER AND COMPARED TO SALARIES OF SIMILAR NONPROFIT LEADERS WORKING IN THE SAME FIELD AND ALSO COMPARED TO THOSE WORKING IN CONNECTICUT. THAT COMPARISON INFORMATION IS KEPT ON FILE AT THE ORGANIZATION. THE EXECUTIVE DIRECTOR'S COMPENSATION IS THEN REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND POSTED ON THE ASSOCIATION'S WEBSITE. DETAILED FINANCIAL STATEMENTS AND GOVERNANCE POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.