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← NATIONAL ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENT

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 Gin

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Grace Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Vivian Young

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Adeel Afshar

    DIRECTOR (THRU SEPTEMBER)

    Total calculated
    $0
    Hours/week
    1
  • Jason Chan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melody Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Jin Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jimmy Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Ideno

    DIRECTOR (THRU MAY)

    Total calculated
    $0
    Hours/week
    1
  • Bill Imada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joon Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pat Fong Kushida

    DIRECTOR/CONSULTANT

    Total calculated
    $0
    Hours/week
    4
  • Chris Law

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roberto Llames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Manumalo Muasau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Moy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandeep Nain

    DIRECTOR (THRU JANUARY)

    Total calculated
    $0
    Hours/week
    1
  • George Tanaka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tony Waller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Helene Yan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chiling 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 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 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

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