Nonprofit · EIN 82-5076065
SERICA INITIATIVE INC
Tax-exempt · NEW YORK, NY 10028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $718,543 | $767,797 | -$49,254 | $223,843 | $69,349 | $154,494 |
| March 31, 2024 | 990 | $383,152 | $324,239 | $58,913 | $289,888 | $86,140 | $203,748 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $200,743
- Program service revenue
- $510,946
- Investment income
- $6,854
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $298,944
- Salaries, compensation and benefits (total)
- $344,257
- Professional fundraising fees
- $0
- Accounting fees
- $8,624
- Program services (functional)
- $210,291
- Management and general (functional)
- $557,506
Balance sheet and other
- Total assets, start of year
- $289,888
- Total assets, end of year
- $223,843
- Total liabilities, end of year
- $69,349
- Net assets, end of year
- $154,494
- Gross unrelated business income
- $6,854
- Gross receipts
- $718,543
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREA LOUIE | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $124,733 |
| ANLA CHENG | CEO & BOARD CHAIR Trustee or director, Officer | 40 | $0 |
| LISA LIM | VICE PRESIDENT Officer | 2 | $0 |
| SHU LI | SECRETARY Officer | 2 | $0 |
| CLARENCE KWAN | CO-TREASURER Officer | 2 | $0 |
| KAREN MU | CO-TREASURER Officer | 2 | $0 |
| CHARLOTTE ACKERT | BOARD MEMBER Officer | 2 | $0 |
| SUJUAN BA | BOARD MEMBER Officer | 2 | $0 |
| EDEN CAI | BOARD MEMBER Officer | 2 | $0 |
| FRANK WU | BOARD MEMBER Officer | 2 | $0 |
990 for the year ended March 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANLA CHENG | CEO & BOARD CHAIR Trustee or director, Officer | 40 | $0 |
| CHARLOTTE ACKERT | BOARD MEMBER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1202 LEXINGTON AVEUNUE 164, NEW YORK, NY 10028-0000
- In care of
- % ANLA CHENG
- Principal officer (990 for 2024)
- ANLA CHENG, 1202 LEXINGTON AVENUE 164, NEW YORK, NY 10028
- Signed the 990
- ANLA CHENG, CEO
- Phone
- (212) 861-7751
- Website
- WWW.SERICAINITIATIVE.ORG
- Return prepared by
- FRENDEL BROWN & WEISSMAN LLP CPA'S
Mission
THE SERICA INITIATIVE INC. AMPLIFIES THE IMPACT OF THE ASIAN DIASPORA IN AMERICA THROUGH STORYTELLING, EMPOWERING AND CONVENING.
Program accomplishments
- IN MAY 2024, SERICA HELD ITS ANNUAL GALA. THIS EVENT WAS TO PRESENT THE ACHIEVEMENTS OF WOMEN WHO NAVIGATED CHALLENGES WITH RESILIENCE AND PERSEVERANCE TO MAKE INDELIBLE MARKS IN THEIR FIELDS AND COMMUNITIES.Expenses $181,267 · revenue $430,804
- THE CEO DINNER SERIES IS AN ONGOING PROGRAM THAT BRINGS TOGETHER PROMINENT LEADERS FROM VARIOUS INDUSTRIES TO ENGAGE IN MEANINGFUL DISCUSSIONS. THESE DINNERS ARE DESIGNED TO FOSTER CONNECTIONS AND SHARE INSIGHTS ON CRITICAL ISSUES, PROMOTING MUTUAL UNDERSTANDING AND COLLABORATION BETWEEN DIFFERENT SECTORS AND CULTURES.Expenses $14,788 · revenue $59,960
- IN SEPTEMBER 2024 AN EVENT WAS HELD DURING NYC CLIMATE WEEK CALLED CLIMATE, COMEDY AND COCKTAILS. THE EVENT INCLUDED AN EXPERT PANEL DISCUSSION, COMEDY FROM RISING STARS, AND CLIMATE-CONCIOUS FOOD AND COCKTAILS, AND AN EXCLUSIVE DOCUMENTARY SERIES SCREENING.Expenses $2,438 · revenue $4,548
- VOICES RISING - PLATFORM THAT CELEBRATES THE CONTRIBUTIONS OF ASIAN AMERICANS IN VARIOUS FIELD INCLUDING ARTS, FOOD, AND SPORTS. A SERIES OF EVENTS THAT FEATURES ARTISTS, WRITERS AND COMMUNITY LEADERS.SERICA STORYTELLERS - AN EVENING HONORING THE EXTRAORDINARY CONTRIBUTIONS OF JANET YANG. THIS EVENT BRINGS TOGETHER INDUSTRY LEADERS, CREATIVES, AND FILM ENTHUSIASTS TO CELEBRATE THE IMPACT OF ASIAN AND AAPI FILMMAKERS.Expenses $11,798 · revenue $15,634
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 82-5076065
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $223,843
- Income (IRS master file)
- $718,543
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $718,543 | $767,797 | $223,843 | XML |
| 990 | March 2024 | $383,152 | $324,239 | $289,888 | XML |
| 990 | March 2023 | $249,322 | $180,513 | $253,815 | IRS |
| 990-EZ | March 2022 | – | – | – | IRS |
| 990-EZ | March 2021 | – | – | – | IRS |
| 990-EZ | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-5076065).
Questions about SERICA INITIATIVE INC
- What is the EIN of SERICA INITIATIVE INC?
- The employer identification number (EIN) of SERICA INITIATIVE INC is 82-5076065.
- Is SERICA INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to SERICA INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SERICA INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SERICA INITIATIVE INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SERICA INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of SERICA INITIATIVE INC?
- The 990 for the year ended March 31, 2025 names ANLA CHENG.
- Who are the officers and directors of SERICA INITIATIVE INC?
- The 990 for the year ended March 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $124,733 (ANDREA LOUIE, EXECUTIVE DIRECTOR).
- How much revenue does SERICA INITIATIVE INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $718,543, expenses of $767,797 and total assets of $223,843 at year end.
Other nonprofits in NEW YORK
- THE METROPOLITAN MUSEUM OF ART EIN 13-1624086 · last filed 990 for 2025
- MUSEUM OF MODERN ART EIN 13-1624100 · last filed 990 for 2025
- METROPOLITAN OPERA ASSOCIATION INC EIN 13-1624087 · last filed 990 for 2025
- AMERICAN MUSEUM OF NATURAL HISTORY EIN 13-6162659 · last filed 990 for 2025
- LINCOLN CENTER FOR THE PERFORMING ARTS INC EIN 13-1847137 · last filed 990 for 2025
- WHITNEY MUSEUM OF AMERICAN ART EIN 13-1789318 · last filed 990 for 2025
- SESAME WORKSHOP EIN 13-2655731 · last filed 990 for 2025
- ROYAL NATIONAL THEATRE EIN 38-3866410 · last filed 990 for 2025
All nonprofits in NEW YORK · New York · Arts, culture and humanities