Form 990 for tax year 2025
Filed by NATIONAL ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENT.
Totals
- Total revenue
- $2,467,266
- Total expenses
- $2,449,761
- Contributions and grants received
- $1,937,642
- Grants paid
- $0
- Program service revenue
- $492,500
- Investment income
- $19,255
- Other revenue
- $17,869
- Total assets, end of year
- $1,710,509
- Total liabilities, end of year
- $72,635
- Net assets or fund balances, end of year
- $1,637,874
- 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.
-
1e · Government grants (contributions)
$292,308
-
1f · All other contributions, gifts and grants
$1,645,334
-
2a · Program service revenue: MANAGEMENT FEES
total $460,000 · excluded $460,000
-
2b · Program service revenue: CONFERENCE REVENUE
total $32,500 · excluded $32,500
-
3 · Investment income
total $19,255 · excluded $19,255
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $17,582 · excluded $17,582
-
11b · Other revenue: REIMBURSEMENT
total $287 · excluded $287
-
11e · Other revenue, total
$17,869
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $512,803
-
7 · Other salaries and wages
total $497,057
-
8 · Pension plan contributions
total $9,893
-
9 · Other employee benefits
total $20,393
-
10 · Payroll taxes
total $76,861
-
11b · Fees: legal
total $7,886
-
11c · Fees: accounting
total $81,032
-
11f · Fees: investment management
total $10
-
11g · Fees: other
total $893,898
-
12 · Advertising and promotion
total $13,620
-
13 · Office expenses
total $65,104
-
14 · Information technology
total $21,097
-
16 · Occupancy
total $21,726
-
17 · Travel
total $94,576
-
19 · Conferences, conventions and meetings
total $40,402
-
22 · Depreciation, depletion and amortization
total $313
-
23 · Insurance
total $4,008
-
24a · Other expenses: SUBSCRIPTIONS
total $45,736
-
24b · Other expenses: BAD DEBT EXPENSE
total $35,000
-
24c · Other expenses: DUES & MEMBERSHIPS
total $7,511
-
24d · Other expenses: LICENSE & PERMITS
total $835
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $602,262 · end of year $621,766
-
3 · Pledges and grants receivable
beginning of year $123,333 · end of year $82,787
-
9 · Prepaid expenses and deferred charges
beginning of year $134,393 · end of year $135,538
-
10a · Land, buildings and equipment: cost or other basis
$9,218
-
10b · Land, buildings and equipment: accumulated depreciation
$9,049
-
10c · Land, buildings and equipment, net
beginning of year $481 · end of year $169
-
11 · Investments: publicly traded securities
beginning of year $543,150 · end of year $562,394
-
15 · Other assets
beginning of year $299,594 · end of year $307,855
-
17 · Accounts payable and accrued expenses
beginning of year $93,243 · end of year $72,635
-
27 · Net assets without donor restrictions
beginning of year $1,299,970 · end of year $1,042,874
-
28 · Net assets with donor restrictions
beginning of year $310,000 · end of year $595,000
Mission and programs · 2025
Mission
TO EMPOWER ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS OWNERS AND ENTREPRENEURS BY PROVIDING ACCESS TO VALUABLE RESOURCES, SUPPORT NETWORKS, AND FUNDING OPPORTUNITIES. OUR MISSION IS TO CONNECT THESE BUSINESS OWNERS WITH THE CAPITAL AND TOOLS NEEDED TO OVERCOME GROWTH CHALLENGES AND ACHIEVE SUCCESS, FOSTERING A THRIVING COMMUNITY OF INNOVATIVE AND RESILIENT ENTERPRISES.
Activities or mission (Part I)
ADVANCE THE SMALL BUSINESS COMMUNITY BY FOSTERING ECONOMIC GROWTH.
-
SMALL BUSINESS PRIORITY - NATIONAL ACE WORKS WITH ALL SMALL BUSINESS COMMUNITIES THROUGH OUR TECHNICAL ASSISTANCE PROGRAM TO PROVIDE SMALL BUSINESSES AND ENTREPRENEURS THE RESOURCES AND EDUCATION THEY NEED TO BE SUCCESSFUL. ACE'S GOAL IS TO HELP ORGANIZATIONS DEVELOP EFFECTIVE COMMUNICATIONS, MARKETING, AND SOCIAL MEDIA BY TEACHING AND ONE-ON-ONE CONSULTING TO CHAMBERS, NON-PROFIT GROUPS, AND SMALL BUSINESSES WHO WANT TO TRANSITION TO DIGITAL PLATFORMS. ACE ALSO SUPPORTS BUSINESS ENTERPRISES AND CHAMBERS OF COMMERCE BY INVESTING IN LOCAL COMMUNITIES WHILE WORKING TO IMPROVE THE WELL-BEING, ECONOMIC RESILIENCE, AND MOBILITY OF THE SMALL BUSINESS COMMUNITY.
-
CONFERENCES AND SUMMITS - THE NATIONAL ACE ANNUAL CONFERENCE BROUGHT TOGETHER ENTREPRENEURS, SMALL BUSINESS OWNERS, LOCAL CHAMBERS OF COMMERCE FROM AROUND THE COUNTRY, CORPORATE PARTNERS, AND COMMUNITY LEADERS TO ENGAGE IN LEADERSHIP PROGRAMMING AND NETWORK BUILDING. PARTICIPANTS WILL DISCOVER INNOVATIVE OPPORTUNITIES FOR CAPITAL BUILDING, RECEIVE LEGISLATIVE UPDATES, AND HEAR INSPIRING STORIES FROM ENTREPRENEURS IN THE COMMUNITY. NATIONAL ACE ALSO HOSTS OTHER EVENTS AND SUMMITS FOR SMALL BUSINESS OWNERS FOR ACCESS TO CAPITAL, INVESTING IN SMALL BUSINESSES, AND STAYING COMPETITIVE IN A DIGITAL WORLD.
-
POLICY - NATIONAL ACE WORKS TO EMPOWER THE SMALL BUSINESS COMMUNITY BY ADVOCATING FOR POLICIES THAT HELP ENTREPRENEURS THRIVE. THE ORGANIZATION BRIDGES THE GAP BETWEEN SMALL BUSINESS OWNERS AND POLICYMAKERS THROUGH INITIATIVES LIKE CAPITOL HILL DAY, WHERE ENTREPRENEURS AND CHAMBER PARTNERS MEET DIRECTLY WITH MEMBERS OF CONGRESS AND ADMINISTRATION OFFICIALS TO ENSURE THEIR VOICES HELP SHAPE FEDERAL POLICY DECISIONS. THIS YEAR, 62 BUSINESS LEADERS FROM NATIONAL ACE AND ITS PARTNER ORGANIZATIONS MET WITH 40 CONGRESSIONAL OFFICES. ADDITIONALLY, NATIONAL ACE CONDUCTS POLICY RESEARCH TO ADDRESS CRITICAL DATA GAPS ON ISSUES INCLUDING SMALL BUSINESS CAPITAL SOURCES AND THE OPERATIONAL REALITIES OF MICRO-BUSINESSES. OUR RESEARCH AND ADVOCACY ARE ALSO INFORMED BY SMALL BUSINESS ROUNDTABLES HOSTED ACROSS THE COUNTRY. THESE DISCUSSIONS BRING TOGETHER ENTREPRENEURS, CORPORATE PARTNERS, AND GOVERNMENT LEADERS TO ENGAGE IN CONVERSATIONS ABOUT ISSUES IMPACTING SMALL BUSINESSES. THESE SESSIONS FOCUS ON TOPICS RANGING FROM WORKFORCE DEVELOPMENT AND ACCESS TO FUNDING TO THE ADOPTION OF EMERGING TECHNOLOGIES LIKE AI AND MENTAL HEALTH. NATIONAL ACE ACTIVELY PARTICIPATES IN BROADER COALITION INITIATIVES, ISSUES STRATEGIC POLICY UPDATES TO CORPORATE SPONSORS, AND SUBMITS FORMAL LETTERS OF SUPPORT TO CHAMPION BUSINESS-FRIENDLY LEGISLATION. IN 2025, NATIONAL ACE HOSTED SEVEN IN-PERSON SMALL BUSINESS ROUNDTABLES NATIONWIDE.
-
MBDA
-
SPECIAL PROJECTS
-
ACE NEXTGEN
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Garrett GinGARRETT GIN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Grace LeeGRACE LEE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Vivian YoungVIVIAN YOUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Adeel AfsharADEEL AFSHAR
DIRECTOR (THRU SEPTEMBER)
- Total calculated
- $0
- Hours/week
- 1
-
Jason ChanJASON CHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melody ChenMELODY CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan Jin DavisSUSAN JIN DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy FergusonJIMMY FERGUSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen IdenoKAREN IDENO
DIRECTOR (THRU MAY)
- Total calculated
- $0
- Hours/week
- 1
-
Bill ImadaBILL IMADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joon KimJOON KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pat Fong KushidaPAT FONG KUSHIDA
DIRECTOR/CONSULTANT
- Total calculated
- $0
- Hours/week
- 4
-
Chris LawCHRIS LAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roberto LlamesROBERTO LLAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manumalo MuasauMANUMALO MUASAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew MoyANDREW MOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandeep NainSANDEEP NAIN
DIRECTOR (THRU JANUARY)
- Total calculated
- $0
- Hours/week
- 1
-
George TanakaGEORGE TANAKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tony WallerTONY WALLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Helene YanHELENE YAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chiling TongCHILING TONG
PRESIDENT AND CEO
- Total calculated
- $348,621
- From this org
- $330,916
- From related orgs
- $0
- Other
- $17,705
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,916
- Bonus
- $80,000
- Other
- $0
- Deferred
- $17,705
- Nontaxable benefits
- $0
- Filer's total
- $348,621
-
Jan-Ie LowJAN-IE LOW
SVP OF CORP. STRAT. AND DEVELOPMENT
- Total calculated
- $164,182
- From this org
- $160,031
- From related orgs
- $0
- Other
- $4,151
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,275
- Bonus
- $20,756
- Other
- $0
- Deferred
- $4,151
- Nontaxable benefits
- $0
- Filer's total
- $164,182
-
Michelle ImMICHELLE IM
SR. FINANCE/ADMIN MANAGER
- Total calculated
- $117,043
- From this org
- $108,023
- From related orgs
- $0
- Other
- $9,020
- 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 · 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
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
- 2025
- Filed
- 29 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202632119349300523
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.