Totals
- Total revenue
- $6,229,533
- Total expenses
- $5,424,601
- Contributions and grants received
- $5,934,517
- Grants paid
- $52,713
- Program service revenue
- $155,235
- Investment income
- $114
- Other revenue
- $139,667
- Total assets, end of year
- $7,502,736
- Total liabilities, end of year
- $2,186,437
- Net assets or fund balances, end of year
- $5,316,299
- Program services expenses (Part IX)
- $4,251,582
- Management and general expenses
- $502,318
- Fundraising expenses
- $670,701
- Program service expenses (Part III)
- $4,251,582
Program services were 78.4% 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.
-
1c · Fundraising events
$2,829,115
-
1e · Government grants (contributions)
$453,516
-
1f · All other contributions, gifts and grants
$2,651,886
-
1g · Noncash contributions included above
$20,000
-
2a · Program service revenue: PROGRAM INCOME
total $155,235 · related or exempt $155,235
-
3 · Investment income
total $697 · excluded $697
-
7b · Less cost or other basis and sales expenses
securities $583
-
7c · Gain or loss
securities -$583
-
7d · Net gain or loss
total -$583 · excluded -$583
-
8a · Fundraising events: gross income
$732,087
-
8a · Fundraising events: contributions included on line 1c
$2,829,115
-
8b · Fundraising events: direct expenses
$732,087
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $134,297 · excluded $134,297
-
11b · Other revenue: SPEAKER FEES
total $5,150 · excluded $5,150
-
11c · Other revenue: SWAG SALE
total $220 · excluded $220
-
11e · Other revenue, total
$139,667
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $52,713 · program services $52,713
-
5 · Compensation of officers, directors and key employees
total $197,768 · program services $98,884 · management and general $49,442 · fundraising $49,442
-
7 · Other salaries and wages
total $2,999,746 · program services $2,437,997 · management and general $195,216 · fundraising $366,533
-
8 · Pension plan contributions
total $18,867 · program services $15,331 · management and general $1,238 · fundraising $2,298
-
9 · Other employee benefits
total $290,764 · program services $235,978 · management and general $19,255 · fundraising $35,531
-
10 · Payroll taxes
total $295,009 · program services $234,532 · management and general $22,421 · fundraising $38,056
-
11b · Fees: legal
total $15,177 · management and general $15,177
-
11c · Fees: accounting
total $100,909 · management and general $100,909
-
11g · Fees: other
total $187,761 · program services $162,634 · management and general $323 · fundraising $24,804
-
12 · Advertising and promotion
total $190,444 · program services $78,870 · management and general $7,540 · fundraising $104,034
-
13 · Office expenses
total $288,293 · program services $279,376 · management and general $5,541 · fundraising $3,376
-
14 · Information technology
total $37,275 · program services $19,951 · management and general $14,281 · fundraising $3,043
-
16 · Occupancy
total $468,987 · program services $422,089 · management and general $23,449 · fundraising $23,449
-
17 · Travel
total $4,008 · program services $3,186 · management and general $305 · fundraising $517
-
22 · Depreciation, depletion and amortization
total $24,000 · management and general $24,000
-
23 · Insurance
total $31,877 · program services $28,689 · management and general $1,594 · fundraising $1,594
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $87,678 · program services $69,704 · management and general $6,664 · fundraising $11,310
-
24b · Other expenses: EVENT EXPENSE
total $62,359 · program services $62,173 · management and general $68 · fundraising $118
-
24c · Other expenses: BANK FEES
total $40,373 · program services $30,280 · management and general $6,056 · fundraising $4,037
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $25,593 · program services $19,195 · management and general $3,839 · fundraising $2,559
-
24e · All other expenses
total $5,000 · management and general $5,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,664,402 · end of year $3,405,899
-
4 · Accounts receivable
beginning of year $804,332 · end of year $2,119,322
-
9 · Prepaid expenses and deferred charges
beginning of year $112,886 · end of year $91,766
-
10a · Land, buildings and equipment: cost or other basis
$238,828
-
10b · Land, buildings and equipment: accumulated depreciation
$127,481
-
10c · Land, buildings and equipment, net
beginning of year $24,003 · end of year $111,347
-
15 · Other assets
beginning of year $149,705 · end of year $1,774,402
-
17 · Accounts payable and accrued expenses
beginning of year $378,683 · end of year $288,103
-
19 · Deferred revenue
beginning of year $83,780 · end of year $91,759
-
25 · Other liabilities
beginning of year $0 · end of year $1,806,575
-
27 · Net assets without donor restrictions
beginning of year $3,994,110 · end of year $4,536,420
-
28 · Net assets with donor restrictions
beginning of year $298,755 · end of year $779,879
Mission and programs · 2022
Mission
APEX FOR YOUTH DELIVERS POSSIBILITIES TO UNDERSERVED ASIAN AND IMMIGRANT YOUTH FROM LOW-INCOME FAMILIES IN NYC. APEX RECRUITS WORKING PROFESSIONALS TO VOLUNTEER AND BECOME POSITIVE ROLE MODELS WHO INSPIRE YOUTH TO EXPAND THEIR HORIZONS AND ENVISION WHAT IS POSSIBLE FOR THEIR LIVES. THROUGH MENTORING AND EDUCATIONAL PROGRAMS THAT SERVE STUDENTS FROM PRE-K TO 12TH GRADE AND BEYOND, APEX VOLUNTEERS GUIDE AND SUPPORT YOUTH TO BECOME CONFIDENT, BE READY FOR COLLEGE AND GIVE BACK TO THE COMMUNITY.
-
APEX FOR YOUTH EMPOWERS ASIAN AMERICAN YOUTH FROM LOW-INCOME AND IMMIGRANT FAMILIES IN NEW YORK CITY AND BEYOND TO HELP THEM UNLOCK THEIR POTENTIAL AND A WORLD OF POSSIBILITY IN ACTIVE PURSUIT OF A MORE EQUITABLE FUTURE. IN 2023, THE ORGANIZATION SERVED OVER 2,000 STUDENTS THROUGH PROGRAMS SPANNING ATHLETICS, COLLEGE & CAREER SUCCESS, ELEMENTARY ENRICHMENT, MENTAL HEALTH, AND MENTORING WITH THE SUPPORT OF OVER 700 VOLUNTEERS AND OVER 40 CULTURALLY COMPETENT AND CARING STAFF MEMBERS.
Expenses $4,251,582 · Grants $52,713 · Revenue $155,235
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Preeti SriratanaPREETI SRIRATANA
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Eric LeeERIC LEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Kathy WongKATHY WONG
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Blaise ChowBLAISE CHOW
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Raymond ChanRAYMOND CHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Christopher ChaoCHRISTOPHER CHAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jeffrey ChenJEFFREY CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
David JarDAVID JAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Aya KanaiAYA KANAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jay Kim Thru 020323JAY KIM THRU 020323
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Melody LeeMELODY LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gilbert LiuGILBERT LIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Patrick LoPATRICK LO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Yukari Matsuzawa PassYUKARI MATSUZAWA PASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Betty Wong Thru 040223BETTY WONG THRU 040223
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Karen WongKAREN WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Patrick YeePATRICK YEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Wen ZhouWEN ZHOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jiyoon ChungJIYOON CHUNG
EXECUTIVE DIRECTOR
- Total calculated
- $171,718
- From this org
- $155,292
- From related orgs
- $0
- Other
- $16,426
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,292
- Bonus
- $0
- Other
- $0
- Deferred
- $470
- Nontaxable benefits
- $15,956
- Filer's total
- $171,718
-
Alex KoganALEX KOGAN
DIRECTOR OF OPERATIONS
- Total calculated
- $114,816
- From this org
- $105,713
- From related orgs
- $0
- Other
- $9,103
- Hours/week
- 40
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
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
- 2022
- Filed
- 14 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421699349300647
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