Form 990 for tax year 2023
Filed by CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE.
Totals
- Total revenue
- $4,199,097
- Total expenses
- $3,449,318
- Contributions and grants received
- $3,112,507
- Grants paid
- $0
- Program service revenue
- $1,052,367
- Investment income
- $34,223
- Other revenue
- $0
- Total assets, end of year
- $3,924,714
- Total liabilities, end of year
- $639,037
- Net assets or fund balances, end of year
- $3,285,677
- 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.
-
1b · Membership dues
$829,754
-
1f · All other contributions, gifts and grants
$2,282,753
-
2a · Program service revenue: INT'L TRADE MISSIONS
total $742,196 · related or exempt $742,196
-
2b · Program service revenue: LEGISLATIVE SUMMIT
total $182,160 · related or exempt $182,160
-
2c · Program service revenue: D.O.T RESOURCE CENTER
total $127,101 · related or exempt $127,101
-
2d · Program service revenue: WORKSHOPS/TRAININGS/PR
total $910 · related or exempt $910
-
3 · Investment income
total $34,223 · excluded $34,223
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $17,640
-
11g · Fees: other
total $273,895
-
13 · Office expenses
total $59,114
-
14 · Information technology
total $41,764
-
16 · Occupancy
total $81,619
-
17 · Travel
total $36,201
-
19 · Conferences, conventions and meetings
total $56,642
-
23 · Insurance
total $7,283
-
24a · Other expenses: PAYROLL COSTS REIMBURSE
total $1,878,359
-
24b · Other expenses: MBDA/SBDC PROGRAM COSTS
total $738,751
-
24c · Other expenses: MINORITY WOMEN/SBTRC PO
total $150,523
-
24d · Other expenses: LEGISLATIVE RECEPTION/P
total $77,527
-
24e · All other expenses
total $30,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,012,189 · end of year $1,328,326
-
2 · Savings and temporary cash investments
beginning of year $491,343 · end of year $1,341,922
-
4 · Accounts receivable
beginning of year $627,338 · end of year $1,232,243
-
9 · Prepaid expenses and deferred charges
beginning of year $11,687 · end of year $22,223
-
10a · Land, buildings and equipment: cost or other basis
$120,770
-
10b · Land, buildings and equipment: accumulated depreciation
$120,770
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $463,858 · end of year $639,037
-
19 · Deferred revenue
beginning of year $145,210 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $13,988 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,519,501 · end of year $3,020,677
-
28 · Net assets with donor restrictions
end of year $265,000
Mission and programs · 2023
Mission
TO ADVANCE STATEWIDE ECONOMIC DEVELOPMENT STRATEGIES THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, STRONG ADVOCACY EFFORTS AND BY PROVIDING RESOURCES IN OUR LOCAL COMMUNITIES THROUGH A NETWORK OF COMMUNITY-BASED ORGANIZATIONS DEDICATED TO PROVIDING SERVICES AND PROGRAMS THAT HELP OUR ASIAN PACIFIC ISLANDER COMMUNITY THRIVE.
Activities or mission (Part I)
TO GROW AND EMPOWER THE ASIAN PACIFIC ISLANDER BUSINESS COMMUNITY THROUGHOUT CALIFORNIA THROUGH ACCESS, EDUCATION AND OPPORTUNITY.
-
IN 2023, THE CHAMBER CONTINUED ITS WORK ON 3 FEDERAL GRANTS - ONE WITH THE U.S. DEPARTMENT OF TRANSPORTATION, ONE WITH THE U.S. DEPARTMENT OF COMMERCE, AND ONE WITH THE NORCAL SBDC NETWORK - AND BEGAN WORK ON A NEW GRANT WITH THE U.S. DEPT OF COMMERCE. THE MBDA BUSINESS CENTER, WHICH STARTED IN 2021, CONTINUES TO PROVIDE TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUSINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES, UNDER THE SMALL BUSINESS TRANSPORTATION RESOURCE CENTER (SBTRC). THE CHAMBER ASSISTED SMALL BUSINESSES WITH PROCUREMENT AND BONDING, PROVIDING TECHNICAL ASSISTANCE AND 1-ON-1 CONSULTING TO FIRMS.THE CHAMBER WAS ALSO AWARDED A SEPARATE CONTRACT BY THE STATE OF CALIFORNIA'S GOVERNOR'S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) UNDER THE SB-TAP PROGRAM TO HELP EXPAND THE SCOPE OF SERVICES OFFERED BY THE CHAMBER'S TECHNICAL ASSISTANCE PROGRAMS. THE SAN JOAQUIN SMALL BUSINESS DEVELOPMENT CENTER (SBDC) STARTED IN 2022, PROVIDING TECHNICAL ASSISTANCE AND CONSULTING SERVICES TO SMALL BUSINESSES IN SAN JOAQUIN COUNTY, ASSISTING WITH ACCESS TO CAPITAL, FINANCING, PROCUREMENT,AND BUSINESS DEVELOPMENT. THE MBDA CAPITAL READINESS PROGRAM (ELECTRIFY CALIFORNIA) STARTED IN 2023, PROVIDING TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL AND FINANCING OPPORTUNITIES FOR MINORITY SMALL BUSINESSES LOOKING TO WORK IN THE ELECTRIFICATION INDUSTRY.
-
THE CHAMBER HOSTED A HIGHLY SUCCESSFUL VIRTUAL LEGISLATIVE SUMMIT THAT BROUGHT TOGETHER STATEWIDE COMMUNITY LEADERS, SMALL BUSINESS OWNERS AND BOTH SIDES OF THE LEGISLATORS TO WORK TOGETHER TO PROMOTE A MORE BUSINESS-FRIENDLY ENVIRONMENT IN THE STATE AND PROMOTE JOBS IN CALIFORNIA. IN ADDITION, THE CHAMBER ALSO HELD A VIRTUAL STATEWIDE POLICY SUMMIT WHICH LOOKED AT KEY ISSUES FACING SMALL BUSINESSES IN CALIFORNIA TODAY.
-
IN 2023, THE CHAMBER HOSTED ITS SECOND ANNUAL CALIFORNIA DIVERSITY AWARDS, IN PARTNERSHIP WITH THE CALIFORNIA HISPANIC AND AFRICAN-AMERICAN CHAMBERS OF COMMERCE. THROUGH A NOMINATION PROCESS, A TOP PUBLIC OFFICIAL AND A CORPORATE BUSINESS RECEIVED AWARDS FOR THEIR DEDICATION AND COMMITMENT TO DIVERSITY, EQUITY, AND INCLUSION (DEI), ADVANCING OPPORTUNITIES IN THE WORKPLACE, CREATING MORE INCLUSIVE POLICIES, AND ENSURING INVESTMENTS IN CALIFORNIA'S DIVERSE COMMUNITIES.
-
THE CHAMBER HELD A VIRTUAL MNORITY WOMENS CONFERENCE AND SEVERAL EDUCATONAL WEBINARS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CATHERIN BORG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KARA BUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TIM YAMAUCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATHY MCKIM
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JASON CHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RENA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER KENNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
HEIDI BARSUGLIA
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
GEORGE TANAKA
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
PAPIA GAMBELINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ED MANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL KORPIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN GUTIERREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
PRADIP KHEMANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LUPA DE LA CRUZ
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
LEONOR DICDICAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN LOSCOTOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PRISCILLA LIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LAMABERT HSU
INCOMING CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
HENRY LI
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
BILL MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
FLOREINE KAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MONA ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN YUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
MALCOLM MCFARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RON WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AIKO YAMAKAWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KENT KAUSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MELINDA YEE FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFF STIGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KATHRYN SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN TANG
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
KAREN WOODRUFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR WHITNEY YAMAMURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349327274
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