Form 990 for tax year 2023

Totals

Total revenue

$1,091,680

Total expenses

$970,274

Contributions and grants received

$1,065,587

Grants paid

$0

Program service revenue

$52,000

Investment income

$0

Other revenue

-$25,907

Total assets, end of year

$1,219,719

Total liabilities, end of year

$481,047

Net assets or fund balances, end of year

$738,672

Program services expenses (Part IX)

$858,221

Management and general expenses

$77,229

Fundraising expenses

$34,824

Program service expenses (Part III)

$858,221

Program services were 88.5% 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.

Mission and programs · 2023

• THE CATALYST LEADERSHIP PROGRAM, NOW IN ITS 17TH YEAR, PROVIDED 25 INDIVIDUALS WITH A 9-MONTH, HANDS-ON LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO DEVELOP THE MANAGEMENT SKILLS OF DIVERSE YOUNG PROFESSIONALS AND EMERGING LEADERS. PARTICIPANTS DEVELOP AN INDIVIDUAL LEADERSHIP PLAN; JOIN COMMUNITY, SOCIAL SERVICE OR PROFESSIONAL ORGANIZATIONS; AND MEET WITH COMMUNITY LEADERS IN ORDER TO FORGE KEY RELATIONSHIPS WITHIN THE STATE. OVER 200 INDIVUDLAS HAVE GRADUATED FROM THE CATALYST LEADERSHIP PROGRAM.THE FOUNDATION ALSO CONTINUED THE AAPI LIFT PROGRAM IN 2023. AAPI LIFT IS A LEADERSHIP PROGRAM TO PROMOTE ASIAN AMERICAN PACIFIC ISLANDERS (AAPI) IN THE PRIVATE SECTOR WHO ARE INTERESTED IN ENTERING PUBLIC SERVICE. THE PROGRAM IS A 6-MONTH TRAINING AND MENTORSHIP PROGRAM DELIVERED BY AAPI POLITICAL PROFESSIONALS THAT OFFERS PRACTICAL INSIGHTS ABOUT SETTING POLICY, BUILDING COALITIONS, COMMUNICATING YOUR AGENDA, RUNNING WINNING CAMPAIGNS, AND GOVERNING EFFECTIVELY.IN ADDITION, THE FOUNDATION CONTINUED ITS "NETGEN EMPOWER U" PROGRAM IN 2023. NEXTGEN EMPOWER U IS A 3-MONTH PROGRAM DESIGNED TO EMPOWER THE NEXT GENERATION OF AAPI TO BE SUCCESSFUL IN MANY FACETS OF THEIR LIVES. THE PROGRAM HELPS PARTICIPANTS DISCOVER AND DEFINE THEIR OWN PERSONAL DEFINITION OF LIFE SUCCESS, TOUCHING ON TOPICS SUCH AS RELATIONSHIP BUILDING, COMMUNICATION, EDUCATION, CAREER DEVELOPMENT, AND FINANCIAL MANAGEMENT.

  Expenses $141,916 · Revenue $52,000

• THE FOUNDATION PARTICIPATED IN THE "STOP THE HATE" PROGRAM IN PARTNERSHIP WITH THE SIERRA HEALTH FOUNDATION AND THE CALIFORNIA DEPT OF SOCIAL SERVICES TO PROTECT AAPI COMMUNITIES FROM HATE CRIMES. THE PROGRAM ALSO ASSISTS THE AAPI BUSINESS COMMUNITY PREVENT AND OVERCOME AAPI HATE.THE FOUNDATION WAS ALSO AWARDED A GRANT TO ASSIST WITH WORK ON A REGIONAL IMMIGRATION PLAN, TO UNDERSTAND THE CURRENT STATE OF IMMIGRATION IN CALIFORNIA, ASSIST WITH IMMIGRATION REFORM, AND HELP INTEGRATE EFFORTS.

  Expenses $89,783

• THE FOUNDATION CONTINUES TO SUPPORT STATE-WIDE EFFORTS OF CHAMBERS OF COMMERCE WITH THEIR WORK TO MAINTAIN AND EXPAND BUSINESS CENTERS PROVIDING TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES. THE FOUNDATION ALSO SUPPORTED THEIR EFFORTS TO PROMOTE DIVERSITY, EQUITY AND INCLUSION TO ADVANCE OPPORTUNITES AND ENSURE INVESTMENTS IN CALIFORNIA'S AAPI AND DIVERSE COMMUNITIES.

  Expenses $468,500

• KITCHEN INNOVATION ELECTRICAL DEVELOPMENT PROGRAM,CONNECTING POINT EVENTS, "NODE" VIRTUAL OPERATIONS, ETC.

  Expenses $158,022

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

  501(C)(6) · GROW AND EMPOWER THE ASIAN PACIFIC ISLANDER BUSINESS COMMUNITY · CA

Provenance

Return type

form_990

Tax year

2023

Filed

15 November 2024

IRS schema version

2023v5.1

Source object

202443209349324099

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