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← AAPI DEMOCRACY FUND

Form 990 for tax year 2024

Filed by AAPI DEMOCRACY FUND.

Totals

Total revenue
$3,520,500
Total expenses
$3,213,540
Contributions and grants received
$3,520,500
Grants paid
$2,507,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$321,607
Total liabilities, end of year
$14,647
Net assets or fund balances, end of year
$306,960
Program services expenses (Part IX)
$3,159,934
Management and general expenses
$53,606
Fundraising expenses
$0
Program service expenses (Part III)
$3,159,934

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,520,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,507,500 · program services $2,507,500

  • 11a · Fees: management

    total $1,408 · management and general $1,408

  • 11b · Fees: legal

    total $805 · management and general $805

  • 11c · Fees: accounting

    total $12,500 · management and general $12,500

  • 11g · Fees: other

    total $686,881 · program services $651,362 · management and general $35,519

  • 13 · Office expenses

    total $147 · program services $72 · management and general $75

  • 14 · Information technology

    total $1,000 · program services $1,000

  • 16 · Occupancy

    total $2,263 · management and general $2,263

  • 23 · Insurance

    total $318 · management and general $318

  • 24a · Other expenses: MISC TAXES & FEES

    total $600 · management and general $600

  • 24b · Other expenses: BANK FEES

    total $118 · management and general $118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $320,815

  • 4 · Accounts receivable

    end of year $792

  • 17 · Accounts payable and accrued expenses

    end of year $14,647

  • 27 · Net assets without donor restrictions

    end of year $306,960

Mission and programs · 2024

Mission

TO ELEVATE THE ISSUES IMPACTING ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) COMMUNITIES AND ADVANCE PROGRESSIVE POLICY CHANGE THROUGH ISSUE ADVOCACY AND ELECTORAL CAMPAIGNS.

Activities or mission (Part I)

SEE SCHEDULE O

  • GRANTMAKING: MANAGE A GRANT PORTFOLIO BY REVIEWING FUNDING PROPOSALS FROM ORGANIZATIONS THAT SERVE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) COMMUNITIES. ISSUE AWARDS TO MISSION ALIGNED ORGANIZATIONS AND TRACK GRANT REPORTING REQUIREMENTS.

    Expenses $2,507,500 · Grants $2,507,500

  • TECHNICAL ASSISTANCE: PROVIDING CUSTOMIZED CAPACITY BUILDING THROUGH TECHNICAL ASSISTANCE, TRAININGS, ACCESS TO TOOLS, LEADERSHIP DEVELOPMENT OPPORTUNITIES, AND CONVENINGS.

    Expenses $1,072

  • RESEARCH: COMMISSIONING PUBLIC OPINION, POLICY, AND DEMOGRAPHIC RESEARCH THAT IS ABOUT AND RELEVANT TO THE AAPI COMMUNITY.

    Expenses $651,362

As filed on the 2024 return.

Listed in Part VII

  • Luna Yasui

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Quanita Toffie

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Connie Cagampang Heller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349327620

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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