Chinese Economic Development logo

Chinese Economic Development

Private foundation · Grantmaker Boston, MA EIN: 04-2565019 Website

To promote, assist, and coordinate the economic physical and social development of chinese communities, primarily in boston, mass.

Key facts about Chinese Economic Development

EIN
04-2565019
Latest 990 filing
Form 990-PF, 2025
Total assets
$6,661,272

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$6.7M

+7.9% YoY

Revenue

$953K

+0.7% YoY

Net Investment Income

$105K

-5.5% YoY

Expenses

$16K

+33.0% YoY

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.

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$6,661,272$6,173,437$5,293,627
Revenue$952,784$945,992$429,558
Expenses$15,829$11,901$4,034
Net Investment Income$104,677$110,808$97,899
Distributable Amount$311,017——

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 8, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2022)
  3. Added Form 990-PF for fiscal year 2025 (received by the IRS June 2, 2026)

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 September 2026. Sourced from IRS Form 990 filings.

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