Form 990 for tax year 2023
Filed by ASIAN PACIFIC AMERICAN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $283,408
- Total expenses
- $259,041
- Contributions and grants received
- $191,065
- Grants paid
- $0
- Program service revenue
- $110,921
- Investment income
- $5,083
- Other revenue
- -$23,661
- Total assets, end of year
- $483,959
- Total liabilities, end of year
- $127,993
- Net assets or fund balances, end of year
- $355,966
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$170,265
-
1f · All other contributions, gifts and grants
$20,800
-
2a · Program service revenue: EAST WEST BUSINESS CONN
total $37,800 · related or exempt $37,800
-
2b · Program service revenue: MEMBERSHIP DUES
total $43,450 · related or exempt $43,450
-
2c · Program service revenue: BLOOD OF THE DRAGON
total $29,671 · related or exempt $29,671
-
3 · Investment income
total $5,083 · excluded $5,083
-
8a · Fundraising events: gross income
$50,100
-
8a · Fundraising events: contributions included on line 1c
$170,265
-
8b · Fundraising events: direct expenses
$74,201
-
8c · Net income from fundraising events
total -$24,101 · excluded -$24,101
-
11a · Other revenue: MISCELLANEOUS ACTIVITIE
total $440 · related or exempt $440
-
11e · Other revenue, total
$440
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,736
-
7 · Other salaries and wages
total $109,726
-
11g · Fees: other
total $2,680
-
12 · Advertising and promotion
total $1,479
-
13 · Office expenses
total $2,524
-
14 · Information technology
total $5,847
-
16 · Occupancy
total $4,535
-
17 · Travel
total $2,822
-
22 · Depreciation, depletion and amortization
total $2,590
-
23 · Insurance
total $2,168
-
24a · Other expenses: PROGRAM EXPENSE
total $21,118 · program services $21,118
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $2,673 · management and general $2,673
-
24c · Other expenses: BANK CHARGE
total $6,392 · management and general $6,392
-
24d · Other expenses: PHONE
total $1,427 · management and general $1,427
-
24e · All other expenses
total $324
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $187,828 · end of year $199,899
-
2 · Savings and temporary cash investments
beginning of year $279,330 · end of year $282,773
-
10a · Land, buildings and equipment: cost or other basis
$9,078
-
10b · Land, buildings and equipment: accumulated depreciation
$9,078
-
10c · Land, buildings and equipment, net
beginning of year $2,590
-
15 · Other assets
end of year $1,287
-
17 · Accounts payable and accrued expenses
beginning of year $36,573
-
25 · Other liabilities
beginning of year $101,576 · end of year $127,993
-
27 · Net assets without donor restrictions
beginning of year $331,599 · end of year $355,966
Mission and programs · 2023
Mission
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 DAYS ACTIVITIES THROUGH THE MEET THE BUYER SEGMENTS.
-
ANNUAL GALA: APACCS ANNUAL GALA KICKS OFF AAPI HERITAGE MONTH AND CELEBRATES APACCS ACHIEVEMENTS IN FACILITATING MEANINGFUL NETWORKS AND BUSINESS RELATIONSHIPS AMONG ASIAN AND U.S.-BASED COMPANIES AND PROMOTING THE ECONOMIC ADVANCEMENT OF ASIAN PACIFIC AMERICANS.
-
BLOOD OF THE DRAGON: THIS CULTURE INFUSED NETWORKING EVENT OFFERED CORPORATE LEADERS, ENTREPRENEURS, COMMUNITYLEADERS, ANGEL INVESTORS, PARTNERS, AND DIVERSE BUSINESSES THE OPPORTUNITY TO FORGE NEW PARTNERSHIPS AND COLLABORATIONS IN A RELAXED, STROLLING RECEPTION ATMOSPHERE.
As filed on the 2023 return.
Listed in Part VII
-
Duc Nguyen AbrahamsonDUC NGUYEN ABRAHAMSON
EXECUTIVE DIRECTOR
- Total calculated
- $92,736
- From this org
- $92,736
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jenny WangJENNY WANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris NaidooCHRIS NAIDOO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian MooreBRIAN MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sucheta WalimbeSUCHETA WALIMBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert TownsendROBERT TOWNSEND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken MasumotoKEN MASUMOTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John WeiJOHN WEI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shilpan AminSHILPAN AMIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linglong HeLINGLONG HE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim HaTIM HA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne ChenANNE CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Grace LeeGRACE LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chao MengCHAO MENG
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Rona M LumRONA M LUM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Cheng LuCHENG LU
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Qiong SunQIONG SUN
SECRETARY
- 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
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403169349304100
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