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← APEX FUND FOR ECONOMIC OPPORTUNITIES

Form 990 for tax year 2023

Filed by APEX FUND FOR ECONOMIC OPPORTUNITIES.

Totals

Total revenue
$405,224
Total expenses
$172,350
Contributions and grants received
$394,353
Grants paid
$5,000
Program service revenue
$5,181
Investment income
$5,690
Other revenue
$0
Total assets, end of year
$337,964
Total liabilities, end of year
$60,575
Net assets or fund balances, end of year
$277,389
Program services expenses (Part IX)
$156,000
Management and general expenses
$12,274
Fundraising expenses
$4,076
Program service expenses (Part III)
$156,000

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Susan Wong

    Executive Director

    Total calculated
    $36,796
    From this org
    $33,204
    From related orgs
    $0
    Other
    $3,592
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $33,204
    Bonus
    $0
    Other
    $0
    Deferred
    $3,592
    Nontaxable benefits
    $0
    Filer's total
    $36,796

  • Bhupati Pradhan

    President

    Total calculated
    $0
    Hours/week
    1

  • Serena Lu

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rot Sorn

    Board Member

    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. 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part II
Susan Wong, Executive Director, is compensated by an unrelated organization, Asian Services in Action (ASIA), for her services to the Organization. The Organization reimburses ASIA for the compensation and benefit amounts. ASIA issues a W-2 to Susan.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349311031

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