Chinese Economic Development
To promote, assist, and coordinate the economic physical and social development of chinese communities, primarily in boston, mass.
Chinese Economic Development at a glance
- Total assets
- $6,661,272
- +7.9% vs 2024
- Revenue (2025)
- $952,784
- +0.7% vs 2024
- Net investment income (2025)
- $104,677
- -5.5% vs 2024
- Expenses (2025)
- $15,829
- +33.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|
| 2025 | $6,661,272 | $952,784 | $15,829 | $104,677 | $311,017 |
| 2024 | $6,173,437 | $945,992 | $11,901 | $110,808 | — |
| 2023 | $5,293,627 | $429,558 | $4,034 | $97,899 | — |
| 2022 | $4,891,190 | $354,559 | $8,800 | $17,034 | — |
| 2021 | $4,632,952 | $211,297 | $15,470 | $9,303 | — |
| 2020 | $4,406,400 | $142,048 | $196 | $9,093 | — |
| 2019 | $3,989,507 | $355,897 | $736 | $55,897 | — |
Under IRS private-foundation payout rules, Chinese Economic Development reported a distributable amount of $311K for 2025 — the minimum it must pay out in qualifying distributions.
About Chinese Economic Development
Based on IRS filings
Chinese Economic Development is a private foundation focused on Human Services, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.7M in total assets. Net investment income was $105K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Chinese Economic Development is led by Edward Chiang, Chairman since 2020 (on filings since 2019); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward Chiang
Chairman
Chairman & President → Chairman, 2020
On filings since 2019
2 hrs/week
No compensation reported
Angela Yang
Director
Board Member → Director, 2020
On filings since 2019
2 hrs/week
No compensation reported
Felix Lui
Director
Board Member → Director, 2020
On filings since 2019
2 hrs/week
No compensation reported
Margaret Chen
Director
Executive → Assistant Treasurer, 2022
Assistant Treasurer → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Paul Chan
Director
Board Member → Director, 2020
On filings since 2019
2 hrs/week
No compensation reported
Rosemary Lam
Director
Board Member → Executive, 2020
Executive → Director, 2022
On filings since 2019
2 hrs/week
No compensation reported
Wanchin Chou
Director
Board Member → Executive, 2020
Executive → Director, 2022
On filings since 2019
2 hrs/week
No compensation reported
Chutze Chou
Director
On filings since 2020
2 hrs/week
No compensation reported
Alan Chao
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Allen Chin
Vice Chairman
On filings since 2019
2 hrs/week
No compensation reported
Marianna S. Riemer
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Min Wu
Clerk
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (7)
- Former: Al Chao (2019–2024) — Director
- Former: Robert Wang (2019–2024) — Clerk
- Former: Amy Guen (2019–2023) — Director
- Former: Frank Chen (2019–2023) — Director
- Former: Frank Wong (2019–2023) — Director
- Former: Wey Hsiao (2019–2023) — Director
- Former: Chu Tze Chou (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Chinese Economic Development
How large is Chinese Economic Development?
Chinese Economic Development reported $6.7M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $953K.
What is Chinese Economic Development?
Chinese Economic Development is a private foundation focused on Human Services, based in Boston, MA. It holds $6.7M in total assets as of 2025.
How much is Chinese Economic Development required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Chinese Economic Development reported a distributable amount of $311K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chinese Economic Development's EIN?
Chinese Economic Development's EIN (Employer Identification Number) is 04-2565019. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2022)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 2, 2026)
Live grants for the work Chinese Economic Development funds
Human Services Open opportunities, soonest deadline first.
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Browse active grant opportunities in Chinese Economic Development's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Chinese Economic Development's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Chinese Economic Development down — hundreds of funders to go?