Form 990 for tax year 2024
Filed by CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE.
Totals
- Total revenue
- $4,323,239
- Total expenses
- $4,444,258
- Contributions and grants received
- $3,305,484
- Grants paid
- $0
- Program service revenue
- $940,940
- Investment income
- $76,815
- Other revenue
- $0
- Total assets, end of year
- $4,340,809
- Total liabilities, end of year
- $1,165,368
- Net assets or fund balances, end of year
- $3,175,441
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$794,738
-
1f · All other contributions, gifts and grants
$2,510,746
-
2a · Program service revenue: INT'L TRADE MISSIONS
total $426,546 · related or exempt $426,546
-
2b · Program service revenue: D.O.T RESOURCE CENTER
total $224,687 · related or exempt $224,687
-
2c · Program service revenue: MEMBER EVENTS
total $144,927 · related or exempt $144,927
-
2d · Program service revenue: LEGISLATIVE SUMMIT
total $144,780 · related or exempt $144,780
-
3 · Investment income
total $76,815 · excluded $76,815
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $31,959
-
11c · Fees: accounting
total $41,180
-
11g · Fees: other
total $376,135
-
12 · Advertising and promotion
total $11,466
-
13 · Office expenses
total $76,311
-
14 · Information technology
total $27,870
-
16 · Occupancy
total $57,072
-
17 · Travel
total $75,797
-
19 · Conferences, conventions and meetings
total $31,554
-
23 · Insurance
total $12,210
-
24a · Other expenses: PAYROLL COSTS REIMBURSE
total $2,271,879
-
24b · Other expenses: MBDA/SBDC PROGRAM COSTS
total $808,458
-
24c · Other expenses: DOT/SB-TAP PROGRAM COST
total $458,261
-
24d · Other expenses: MEMBER EVENTS/MEMBER EX
total $139,106
-
24e · All other expenses
total $25,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,328,326 · end of year $1,229,774
-
2 · Savings and temporary cash investments
beginning of year $1,341,922 · end of year $1,729,520
-
4 · Accounts receivable
beginning of year $1,232,243 · end of year $1,341,194
-
9 · Prepaid expenses and deferred charges
beginning of year $22,223 · end of year $40,321
-
10a · Land, buildings and equipment: cost or other basis
$120,770
-
10b · Land, buildings and equipment: accumulated depreciation
$120,770
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $639,037 · end of year $1,125,368
-
19 · Deferred revenue
end of year $40,000
-
27 · Net assets without donor restrictions
beginning of year $3,020,677 · end of year $3,017,581
-
28 · Net assets with donor restrictions
beginning of year $265,000 · end of year $157,860
Mission and programs · 2024
Mission
TO ADVANCE STATEWIDE ECONOMIC DEVELOPMENT STRATEGIES THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, STRONG ADVOCACY EFFORTS AND BY PROVIDING RESOURCES IN OUR LOCAL COMMUNITIES THROUGH A NETWORK OF COMMUNITY-BASED ORGANIZATIONS DEDICATED TO PROVIDING SERVICES AND PROGRAMS THAT HELP OUR ASIAN PACIFIC ISLANDER COMMUNITY THRIVE.
Activities or mission (Part I)
TO GROW AND STRENGTHEN BUSINESSES ACROSS CALIFORNIA THROUGH LEADERSHIP, TRAINING AND ADVOCACY. TO OPEN NEW PATHWAYS FOR ALL BUSINESSES TO REACH NEW MARKETS AND EXPAND OPERATIONS.
-
IN 2024, THE CHAMBER CONTINUED ITS WORK ON 4 FEDERAL GRANTS - ONE WITH THE U.S. DEPARTMENT OF TRANSPORTATION, TWO WITH THE U.S. DEPARTMENT OF COMMERCE, AND ONE WITH THE NORCAL SBDC NETWORK. THE MBDA BUSINESS CENTER STARTED IN 2021 PROVIDING TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUSINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES. THE MBDA CAPITAL READINESS PROGRAM (ELECTRIFY CALIFORNIA) STARTED IN 2023, PROVIDING TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL AND FINANCING OPPORTUNITIES FOR MINORITY SMALL BUSINESSES LOOKING TO WORK IN THE ELECTRIFICATION INDUSTRY. UNDER THE SMALL BUSINESS TRANSPORTATION RESOURCE CENTER (SBTRC), THE CHAMBER ASSISTED SMALL BUSINESSES WITH PROCUREMENT AND BONDING, PROVIDING TECHNICAL ASSISTANCE AND 1-ON-1 CONSULTING TO FIRMS. THE CHAMBER WAS ALSO AWARDED A SEPARATE CONTRACT BY THE STATE OF CALIFORNIA'S GOVERNOR'S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) UNDER THE SB-TAP PROGRAM TO HELP EXPAND THE SCOPE OF SERVICES OFFERED BY THE CHAMBER'S FEDERAL ASSISTANCE PROGRAMS. THE SAN JOAQUIN SMALL BUSINESS DEVELOPMENT CENTER (SBDC) STARTED IN 2022, PROVIDES TECHNICAL ASSISTANCE AND CONSULTING SERVICES TO SMALL BUSINESSES IN SAN JOAQUIN COUNTY, ASSISTING WITH ACCESS TO CAPITAL, FINANCING, PROCUREMENT,AND BUSINESS DEVELOPMENT.
-
THE CHAMBER HOSTED A SUCCESSFUL VIRTUAL LEGISLATIVE SUMMIT THAT BROUGHT TOGETHER STATEWIDE COMMUNITY LEADERS, SMALL BUSINESS OWNERS AND BOTH SIDES OF THE LEGISLATORS TO WORK TOGETHER TO PROMOTE A MORE BUSINESS-FRIENDLY ENVIRONMENT IN THE STATE AND PROMOTE JOBS IN CALIFORNIA. IN ADDITION, THE CHAMBER ALSO HELD A VIRTUAL STATEWIDE POLICY SUMMIT WHICH LOOKED AT KEY ISSUES FACING CALIFORNIA TODAY.
-
IN 2024, THE CHAMBER HOSTED ANOTHER ANNUAL CALIFORNIA DIVERSITY AWARDS, IN PARTNERSHIP WITH THE CALIFORNIA HISPANIC AND AFRICAN-AMERICAN CHAMBERS OF COMMERCE. THROUGH A NOMINATION PROCESS, A TOP PUBLIC OFFICIAL AND A CORPORATE BUSINESS RECEIVED AWARDS FOR THEIR DEDICATION AND COMMITMENT TO DIVERSITY, ADVANCING OPPORTUNITIES IN THE WORKPLACE, CREATING MORE INCLUSIVE POLICIES, AND ENSURING INVESTMENTS IN CALIFORNIA'S DIVERSE COMMUNITIES.
-
THE CHAMBER HELD A VIRTUAL MNORITY WOMENS CONFERENCE AND SEVERAL EDUCATONAL WEBINARS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Catherin BorgCATHERIN BORG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kara BushKARA BUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tim YamauchiTIM YAMAUCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy McKimKATHY MCKIM
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jason ChanJASON CHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rena DavisRENA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John CostaJOHN COSTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Heidi BarsugliaHEIDI BARSUGLIA
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
George TanakaGEORGE TANAKA
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Papia GambelinePAPIA GAMBELINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ed ManningED MANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael KorpielMICHAEL KORPIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John GutierrezJOHN GUTIERREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Pradip KhemaniPRADIP KHEMANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lupa De La CruzLUPA DE LA CRUZ
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Leonor DicdicanLEONOR DICDICAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin LoscotoffKEVIN LOSCOTOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Priscilla LimPRISCILLA LIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lambert HsuLAMBERT HSU
INCOMING CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy DuongKATHY DUONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill MuellerBILL MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe GregorichJOE GREGORICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mona RogersMONA ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John YungJOHN YUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Malcolm McFarlandMALCOLM MCFARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ron WongRON WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aiko YamakawaAIKO YAMAKAWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kent KaussKENT KAUSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Melinda Yee FranklinMELINDA YEE FRANKLIN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff StigerJEFF STIGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathryn ScottKATHRYN SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Olivia LeeOLIVIA LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen WoodruffKAREN WOODRUFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Whitney YamamuraDR WHITNEY YAMAMURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
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.
-
CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE FOUNDATION
501C · SUPPORT COMMUNITY PROGRAMS · CA
Directly controlled by CAPCC
-
CALASIAN PAC
527 · SUPPORT POLITICAL CANDIDATES · CA
Directly controlled by CAPCC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349318543
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