Charity
Academy of Chinese Medicine, Singapore
About
What does Academy of Chinese Medicine, Singapore do?
The Academy of Chinese Medicine, Singapore is a charitable organization dedicated to promoting and safeguarding professional standards in Traditional Chinese Medicine (TCM). They foster TCM postgraduate education, encourage research, and facilitate collaboration between TCM and Western medicine. Their mission includes disseminating TCM knowledge, enhancing clinical skills for patient health, initiating evidence-based practices, granting specialist certificates in TCM, and protecting the interests of their organization.
Founded
2018
People
ng han seong, dong jingjing, ho chin ee, tan lee huak, low wong fook, lai siu chiu, ho lai yun, ang wee hiong, sng kia heok, koh chin aik
Causes
Health & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2018
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotion and safeguarding of professional standards in TCM through high ethical conduct among members.
- Sustaining and fostering postgraduate education in TCM to enhance knowledge dissemination.
- Encouraging, rewarding, and propelling TCM research for evidence-based practice improvement.
- Fostering science-related disciplines to facilitate exchange between Traditional Chinese Medicine (TCM) and Western Medicine practitioners.
- Providing a link between local and foreign TCM organizations for international medical exchanges and cooperation in education, training, and research.
- Granting specialist certificates on TCM to individuals who meet the criteria laid down.
- Protecting the interests and dignity of the Academy of Chinese Medicine, Singapore.
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promotion and safeguarding of professional standards in TCM through high ethical conduct among members.
- Sustaining and fostering postgraduate education in TCM to enhance knowledge dissemination.
- Encouraging, rewarding, and propelling TCM research for evidence-based practice improvement.
- Fostering science-related disciplines to facilitate exchange between Traditional Chinese Medicine (TCM) and Western Medicine practitioners.
- Providing a link between local and foreign TCM organizations for international medical exchanges and cooperation in education, training, and research.
- Granting specialist certificates on TCM to individuals who meet the criteria laid down.
- Protecting the interests and dignity of the Academy of Chinese Medicine, Singapore.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 25,000 | 11,200 | 500 |
| Non Tax-Deductible | 0 | 0 | 230,000 |
| Total Donations in Cash | 25,000 | 11,200 | 230,500 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 605 | 10,377 | 220,556 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 16,646 | 0 | 0 |
| Others Income | 28,503 | 57,768 | 58,626 |
| Total Receipts | 70,754 | 79,345 | 509,682 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 174,379 | 208,288 | 229,164 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 174,379 | 208,288 | 229,164 |
| Expenses | |||
| Other Expenses | 15,934 | 23,194 | 8,712 |
| Total Expenditure | 190,313 | 231,482 | 237,876 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 0 | 0 | 1,205 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 11,597 | 10,239 | 21,131 |
| Cash & Deposits | 61,405 | 192,353 | 336,510 |
| Other Assets | 0 | 593 | 0 |
| Total Assets | 73,002 | 203,185 | 358,846 |
| Funds | |||
| Total Unrestricted Funds | 59,445 | -204,849 | -52,712 |
| Total Restricted Funds | 88 | 383,731 | 383,621 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 59,533 | 178,882 | 330,909 |
| Liabilities | |||
| Total Current Liabilities | 13,469 | 24,303 | 27,937 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 13,469 | 24,303 | 27,937 |
| Total Funds and Liabilities | 73,002 | 203,185 | 358,846 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 2 | 3 | 3 |
| Total Employee Cost | 133,345 | 163,924 | 149,043 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
At the Academy of Chinese Medicine, Singapore, individuals are dedicated to promoting and safeguarding professional standards in Traditional Chinese Medicine (TCM). They work towards fostering TCM postgraduate education, encouraging research, and facilitating collaboration between TCM and Western medicine. Their mission includes disseminating TCM knowledge, enhancing clinical skills for patient health, initiating evidence-based practices, granting specialist certificates in TCM, and protecting the interests of their organization.
ng han seong
dong jingjing
ho chin ee
tan lee huak
low wong fook
lai siu chiu
ho lai yun
ang wee hiong
sng kia heok
koh chin aik
News
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