2013-04-02T17:28:59-05:00 2012-06-30 061586075 SIMIONE MACCA & LARROW LLP 4130 WHITNEY AVENUE HAMDEN CT 06518 990 2011-07-01 060646971 THE YALE-CHINA ASSOCIATION INCORPORATED YALE 2034320880 442 TEMPLE STREET BOX 208223 NEW HAVEN CT 065208123 NANCY YAO MAASBACH 2034320880 2013-03-27 1 KATHLEEN S HELD CPA P00638657 2032810540 2011 2016-02-25 16:41:14Z NANCY YAO MAASBACH 442 TEMPLE STREET BOX 208223 NEW HAVEN CT 065208123 1204534 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. 32 32 12 11 0 0 2260031 526160 0 0 566708 561917 26601 56648 2853340 1144725 69540 27505 0 0 869545 1035292 0 0 105290 658545 570156 1597630 1632953 1255710 -488228 13051789 12736149 274260 493856 12777529 12242293 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 1266414 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. 1266414 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 1 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 0 1 7 0 1 12 0 0 1 HK 0 0 0 0 0 0 X 32 32 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 7.00 X X 0 0 0 MAX MA 7.00 X X 0 0 0 R ANTHONY REESE 7.00 X X 0 0 0 DOUGLAS M FERGUSON 7.00 X X 0 0 0 DANIEL MAGIDA 7.00 X X 0 0 0 ZHIWU CHEN 2.00 X 0 0 0 LINDA COLE-TAYLOR 2.00 X 0 0 0 MICHAEL W DEVLIN 2.00 X 0 0 0 KRISTOPHER FENNIE 2.00 X 0 0 0 JOSEPH GORDON 2.00 X 0 0 0 SALLY HARPOLE 2.00 X 0 0 0 FRED HU PHD 2.00 X 0 0 0 WILLIAM R JACKSON 2.00 X 0 0 0 JAN KIELY 2.00 X 0 0 0 PING LIANG 2.00 X 0 0 0 VIVIAN LING 2.00 X 0 0 0 PAMELA PHUONG N PHAN 2.00 X 0 0 0 ALAN J PLATTUS 2.00 X 0 0 0 NANCY REYNOLDS 2.00 X 0 0 0 ROBERT M ROHRBAUGH MD 2.00 X 0 0 0 KATHERINE SANDWEISS 2.00 X 0 0 0 KATHERINE TAI 2.00 X 0 0 0 MING THOMPSON 2.00 X 0 0 0 MARY GWEN WHEELER 2.00 X 0 0 0 MICHAEL J WISHNIE 2.00 X 0 0 0 ANDREA WORDEN 2.00 X 0 0 0 BARRY J WU MD FACP 2.00 X 0 0 0 TERRY YIP 2.00 X 0 0 0 NANCY YAO MAASBACH 40.00 X 168833 0 44495 168833 0 44495 1 0 1 0 0 526160 526160 561917 561917 93848 59809 34039 34039 OTHER INCOME 611710 40246 40246 CHARITABLE GIFT ANNUIT 900099 -17637 -17637 22609 1144725 22609 0 595956 27505 27505 793164 603480 108544 81140 242128 180510 37468 24150 20747 150 20597 24856 3726 21130 29352 8372 20980 44910 44910 131992 117248 14744 92703 78125 14578 5950 5950 16656 12492 4164 18766 8731 10035 STIPENDS 110710 110710 PROJECT EXPENSE 63615 63615 STUDENT EXCHANGE 6840 6840 EQUIPMENT RENTAL 3059 3059 1632953 1266414 261249 105290 761105 689145 1027830 214983 6500 21980 184384 95653 92764 88731 11163590 11721310 13051789 12736149 182024 406950 92236 86906 274260 493856 X 6105936 5771375 569906 404156 6101687 6066762 12777529 12242293 13051789 12736149 X -488228 -47008 X X 0 1 1 X 0 X 2269872 615571 1019290 2304269 566406 6775408 2269872 615571 1019290 2304269 566406 6775408 6775408 277206 622304 636225 566708 561917 2664360 9439768 0.71780 0.78190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11021415 690600 487053 596808 11602260 9528871 50000 2014296 571752 11021415 9333260 195611 9528871 13455118 20000 -4141858 9333260 0.47700 0.52300 0 0 184384 95653 88731 88731 YALE ENDOWMENT AND OTHER INVESTMENTS 11721310 F 11721310 OBLIGATIONS UNDER CHARITABLE GIFT ANNUITIES 86906 86906 1144725 1632953 -488228 -47008 -47008 -535236 1269717 -47008 172000 124992 1144725 0 1144725 1804953 172000 172000 1632953 0 1632953 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 ENTERPRISES 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 1 PROGRAM MANAGEMENT, FUNDRAISING, AND ADMINISTRATION N/A 38608 1 1 0 0 1 1 38608 0 38608 X EAST ASIA AND THE PACIFIC SCHOLARSHIPS FOR STUDENTS 8600 EAST ASIA AND THE PACIFIC SCHOLARSHIPS FOR STUDENTS 25654 SCHOLARSHIPS FOR STUDENTS EAST ASIA AND THE PACIFIC 4 43322 0 0 0 0 0 0 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 THESE GRANTS IN SEVERAL WAYS. FIRST, THE INSTITUTIONS ARE 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 EACH 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 THEIR INSTITUTIONS. FINALLY, YALE-CHINA LIMITS THE AMOUNT OF MONEY FROM THE GRANTS THAT THE INSTITUTIONS CAN USE FOR ADMINISTRATIVE SUPPORT TO A NOMINAL AMOUNT. CHEONGSAM BALL 33326 33326 23341 DONGGUAN DELEGATION 60522 60522 36468 93848 93848 59809 59809 34039 1 X X 0 0 0 0 0 0 0 0 0 NANCY YAO MAASBACH 168833 0 0 0 0 0 0 0 44495 0 213328 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -47,008. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.