Totals
- Total revenue
- $1,065,246
- Total expenses
- $1,154,957
- Contributions and grants received
- $882,407
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $81
- Other revenue
- $182,758
- Total assets, end of year
- $224,590
- Total liabilities, end of year
- $268,058
- Net assets or fund balances, end of year
- -$43,468
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $685,187
Program services were 0.0% 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.
-
1b · Membership dues
$202,050
-
1e · Government grants (contributions)
$239,500
-
1f · All other contributions, gifts and grants
$440,857
-
3 · Investment income
total $81 · related or exempt $81
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$270,352
-
8b · Fundraising events: direct expenses
$242,808
-
8c · Net income from fundraising events
total $27,544
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: FROM AFFILIATE FOR SHARED EXP
total $150,000 · excluded $150,000
-
11b · Other revenue: MISCELLANEOUS
total $5,214 · related or exempt $5,214
-
11e · Other revenue, total
$155,214
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $150,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $276,387
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $45,649
-
10 · Payroll taxes
total $33,063
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,500
-
11d · Fees: lobbying
total $35,790
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $415,863
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $6,363
-
15 · Royalties
total $0
-
16 · Occupancy
total $60,009
-
17 · Travel
total $22,307
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,771
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,707
-
23 · Insurance
total $2,085
-
24a · Other expenses: MEETING & EVENT EXPENSES
total $29,171
-
24b · Other expenses: PROGRAM EXPENSES
total $27,253
-
24c · Other expenses: SPONSORSHIPS
total $10,000
-
24d · Other expenses: BANK AND CREDIT CARD FEES
total $7,502
-
24e · All other expenses
total $20,537
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,293 · end of year $44,056
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $144,105 · end of year $167,821
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$38,585
-
10b · Land, buildings and equipment: accumulated depreciation
$32,017
-
10c · Land, buildings and equipment, net
beginning of year $6,149 · end of year $6,568
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,402 · end of year $6,145
-
17 · Accounts payable and accrued expenses
beginning of year $41,706 · end of year $38,269
-
19 · Deferred revenue
end of year $160,000
-
24 · Unsecured notes and loans payable
beginning of year $75,000 · end of year $69,789
-
31 · Retained earnings, endowment or other funds
beginning of year $46,243 · end of year -$43,468
Mission and programs · 2024
Mission
BUILD SUSTAINABLE COMMUNITIES THROUGH INCLUSIVE ECONOMIC DEVELOPMENT AND QUALIFIED DIVERSE WORKFORCE ACCOMPLISHED THROUGH SMALL BUSINESS TECHNICAL ASSISTANCE, EDUCATION, OUTREACH, ADVOCACY AND ACCESS TO CAPITAL
-
SMALL BUSINESS DEVELOPMENT CENTER THAT PROVIDES NO-COST ADVISING AND CONSULTING SERVICES TO ENTREPRENEURS AND SMALL BUSINESSES
Expenses $259,867
-
In partnership with the Asian Business Association Foundation, AAPI Data, and the California Commission on Asian and Pacific Islander American Affairs, ABASD conducted a California-statewide research initiativecomprising a comprehensive economic and small business study of AANHPI-owned enterprises, designed to thoroughly examine the AANHPI business community across the state and assess how current issues are affecting their operations and growth in order to provide better services and programs.
Expenses $168,230
-
In conjunction with the Asian Business Association Foundations multi-year contract for installing the Convoy Pan Asian Cultural and Business Innovation District sign in the City of San Diego, ABASD contributed its leadership and membership expertise to help cultivate the district into a thriving regional destination with the ultimate goal of growing the local economy for the benefit of all.
Expenses $133,755
-
ASIAN PACIFIC ISLANDER ECONOMIC EQUITY ADVANCEMENT PROGRAM OFFERING TECHNICAL ASSISTANCE AND SMALL BUSINESS ADVISING.
Expenses $123,335
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jason PaguioJASON PAGUIO
President & CEO
- Total calculated
- $200,000
- From this org
- $150,000
- From related orgs
- $50,000
- Other
- $0
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $150,000 + $60,000 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $150,000 + $60,000 related
-
Vince Vasquez
Director
- Total calculated
- $15,493
- From this org
- $15,493
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jeni BurgessJENI BURGESS
Chairwoman
- Total calculated
- $0
- Hours/week
- 4
-
Robert ItoROBERT ITO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Yen TuYEN TU
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Debbie EspeDEBBIE ESPE
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Gemma BlainGEMMA BLAIN
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Christine MooreCHRISTINE MOORE
EXEC Director
- Total calculated
- $0
- Hours/week
- 1
-
Louis SongLOUIS SONG
EXEC Director
- Total calculated
- $0
- Hours/week
- 1
-
Winifreda ChangWINIFREDA CHANG
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eddie ChenEDDIE CHEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephen ChinSTEPHEN CHIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence ChouLAWRENCE CHOU
Director
- Total calculated
- $0
- Hours/week
- 1
-
Susan Delos SantosSUSAN DELOS SANTOS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Annabelle CalmaANNABELLE CALMA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Clarissa Falcon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lambert Hsu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristina Kim RESIGNED 52424
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pauline Ma
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ted Miyahara
Director
- Total calculated
- $0
- Hours/week
- 1
-
Monica Montano
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bobbie Oudinarath
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda Rosas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ben Trieu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gil Anthony Ungab
Director
- Total calculated
- $0
- Hours/week
- 1
-
Allen Young
Director
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Wang
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bree Wong
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carlynne Yu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rozanna ZaneROZANNA ZANE
CAO (SEE NOTES)
- Total calculated
- $0
- Hours/week
- 40 + 20 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations 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.
-
ASIAN BUSINESS ASSOCIATION FOUNDATION
501(C)(3) · LEADERSHIP AND EDUCATION · CA
-
ASIAN BUSINESS ASSOCIATION CANDIDATE PAC
527 · POLITICAL ACTION COMMITTEE · CA
-
ASIAN BUSINESS ASSOCIATION PAC
527 · POLITICAL ACTION COMMITTEE · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349322147
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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