Form 990 for tax year 2022
Filed by ASIAN PACIFIC AMERICAN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $269,029
- Total expenses
- $268,435
- Contributions and grants received
- $68,152
- Grants paid
- $0
- Program service revenue
- $197,826
- Investment income
- $3,051
- Other revenue
- $0
- Total assets, end of year
- $469,748
- Total liabilities, end of year
- $138,149
- Net assets or fund balances, end of year
- $331,599
- Program services expenses (Part IX)
- $76,371
- Management and general expenses
- $192,064
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 28.5% 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.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$36,562
-
1f · All other contributions, gifts and grants
$31,590
-
2a · Program service revenue: Annual Dinner
total $153,636 · related or exempt $153,636
-
2b · Program service revenue: East West Business Connection
total $20,230 · related or exempt $20,230
-
2c · Program service revenue: Miscellaneous Activities
total $30 · related or exempt $30
-
2d · Program service revenue: Blood of the Dragon
total $23,930 · related or exempt $23,930
-
3 · Investment income
total $3,051 · related or exempt $3,051
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $85,800 · program services $0 · management and general $85,800
-
7 · Other salaries and wages
total $76,808 · program services $0 · management and general $76,808
-
11c · Fees: accounting
total $2,295 · management and general $2,295
-
13 · Office expenses
total $975 · management and general $975
-
14 · Information technology
total $2,209 · management and general $2,209
-
16 · Occupancy
total $3,982 · management and general $3,982
-
17 · Travel
total $2,535 · management and general $2,535
-
23 · Insurance
total $1,941 · management and general $1,941
-
24a · Other expenses: Program Expense
total $76,371 · program services $76,371
-
24b · Other expenses: Website
total $5,046 · management and general $5,046
-
24c · Other expenses: Merchant Account Fee
total $4,515 · management and general $4,515
-
24d · Other expenses: Dues and Subscriptions
total $3,824 · management and general $3,824
-
24e · All other expenses
total $2,134 · management and general $2,134
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,383 · end of year $187,828
-
2 · Savings and temporary cash investments
beginning of year $276,326 · end of year $279,330
-
10c · Land, buildings and equipment, net
beginning of year $9,078 · end of year $2,590
-
17 · Accounts payable and accrued expenses
beginning of year $30,294 · end of year $36,573
-
25 · Other liabilities
beginning of year $102,000 · end of year $101,576
-
27 · Net assets without donor restrictions
beginning of year $337,493 · end of year $331,599
-
31 · Retained earnings, endowment or other funds
beginning of year $337,493 · end of year $331,599
Mission and programs · 2022
Mission
To faciliate business relationships among Asian and U S-based companies and to promote the economic advancement of Asian Pacific Americans
Activities or mission (Part I)
To faciliate business relationships among Asian and U S -based companies and to promote the economic advancement of Asian Pacific Americans
-
APACC East-West Connection: A global business networking event designed to explore business opportunities and build relationship With Asian and U S companies, OEMS, Tier 1 & 2 suppliers and MBEs with a speaker forum focused on the trends for business growth and opportunities in the Asian Pacific regions as well as locally in Michigan. A result-oriented networking event focused on relationship building and procurement opportunities with OEM and Tier 1 buyers, MBEs, and other Asian suppliers will highlight the day's activities through the meet the Buyer segments. Attendance :169
-
Blood of the Dragon: Attendees enjoyed an evening at the Detroit's historic Landmark, the Madison Roof top and Loft for a strolling networking reception. The culture infused business event offered guests access to corporate executives, entrepreneurs, community leaders, decision-makers angel investors, partners, diversity businesses and local startups . Attendance: 114
As filed on the 2022 return.
Listed in Part VII
-
Duc Nguyen Abrahamson
Executive Director
- Total calculated
- $0
- Hours/week
- 40
-
Tim Ha
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anne Chen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shilpan Amin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linglong He
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tel Ganesan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Hsu
Director
- Total calculated
- $0
- Hours/week
- 1
-
R J King
Director
- Total calculated
- $0
- Hours/week
- 1
-
Teresa Lefevre
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Grace Lee
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chao Meng
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ken Masumoto
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rona M Lum
President
- Total calculated
- $0
- Hours/week
- 1
-
Brian Moore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Rosario
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Naidoo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Qiong Sun
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Townsend
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jenny Wang
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sucheta Walimbe
Director
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342489349301579
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