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Nonprofiteer
← ASIAN PACIFIC COMMUNITY FUND OF SOUTHERN CALIFORNIA

Form 990 for tax year 2022

Filed by ASIAN PACIFIC COMMUNITY FUND OF SOUTHERN CALIFORNIA.

Totals

Total revenue
$6,726,606
Total expenses
$3,662,079
Contributions and grants received
$6,006,499
Grants paid
$2,453,143
Program service revenue
$624,372
Investment income
-$163,898
Other revenue
$259,633
Total assets, end of year
$24,401,425
Total liabilities, end of year
$136,630
Net assets or fund balances, end of year
$24,264,795
Program services expenses (Part IX)
$3,473,624
Management and general expenses
$123,537
Fundraising expenses
$64,918
Program service expenses (Part III)
$3,473,624

Program services were 94.9% 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.

  • 1f · All other contributions, gifts and grants

    $6,006,499

  • 2a · Program service revenue: FISCAL PROJECT REVENUE

    total $620,372 · related or exempt $620,372

  • 2b · Program service revenue: ADMINSTRATION FEES

    total $4,000 · related or exempt $4,000

  • 3 · Investment income

    total $480,332 · excluded $480,332

  • 7a · Gross sales of assets other than inventory

    securities $3,032,992

  • 7b · Less cost or other basis and sales expenses

    securities $3,677,222

  • 7c · Gain or loss

    securities -$644,230

  • 7d · Net gain or loss

    total -$644,230 · related or exempt -$644,230

  • 8a · Fundraising events: gross income

    $357,247

  • 8b · Fundraising events: direct expenses

    $99,181

  • 8c · Net income from fundraising events

    total $258,066 · excluded $258,066

  • 11a · Other revenue: MISCELLEOUS INCOME

    total $1,567 · related or exempt $1,567

  • 11e · Other revenue, total

    $1,567

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,955,143 · program services $1,955,143

  • 2 · Grants to domestic individuals

    total $417,500 · program services $417,500

  • 3 · Grants to foreign organizations and individuals

    total $80,500 · program services $80,500

  • 5 · Compensation of officers, directors and key employees

    total $166,000 · program services $114,540 · management and general $33,200 · fundraising $18,260

  • 7 · Other salaries and wages

    total $250,085 · program services $172,559 · management and general $50,017 · fundraising $27,509

  • 10 · Payroll taxes

    total $33,221 · program services $22,923 · management and general $6,644 · fundraising $3,654

  • 11c · Fees: accounting

    total $8,700 · management and general $7,830 · fundraising $870

  • 13 · Office expenses

    total $39,486 · program services $25,666 · management and general $7,897 · fundraising $5,923

  • 16 · Occupancy

    total $15,343 · program services $10,740 · management and general $3,069 · fundraising $1,534

  • 17 · Travel

    total $1,446 · program services $1,012 · management and general $289 · fundraising $145

  • 19 · Conferences, conventions and meetings

    total $5,953 · program services $4,167 · management and general $1,190 · fundraising $596

  • 22 · Depreciation, depletion and amortization

    total $4,321 · program services $3,025 · management and general $865 · fundraising $431

  • 23 · Insurance

    total $31,149 · program services $20,247 · management and general $6,230 · fundraising $4,672

  • 24a · Other expenses: FISCAL PROJECT EXPENSES

    total $293,750 · program services $293,750

  • 24b · Other expenses: CAMPAIGN PROGRAM EXPENS

    total $167,326 · program services $167,326

  • 24c · Other expenses: DONOR DESIGNATED (NON-C

    total $89,078 · program services $89,078

  • 24d · Other expenses: CONSULTING

    total $79,223 · program services $79,223

  • 24e · All other expenses

    total $23,855 · program services $16,225 · management and general $6,306 · fundraising $1,324

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,519,738 · end of year $2,665,997

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,270 · end of year $95,004

  • 10a · Land, buildings and equipment: cost or other basis

    $31,420

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,119

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $23,301

  • 12 · Investments: other securities

    beginning of year $23,115,820 · end of year $21,616,244

  • 15 · Other assets

    beginning of year $879 · end of year $879

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,907 · end of year $136,630

  • 27 · Net assets without donor restrictions

    beginning of year $6,230,220 · end of year $5,333,223

  • 28 · Net assets with donor restrictions

    beginning of year $19,322,580 · end of year $18,931,572

Mission and programs · 2022

Mission

OUR MISSION IS TO CULTIVATE PHILANTHROPISTS TO INVEST IN ORGANIZATIONS THAT EMPOWER UNDER-SERVED ASIAN AND PACIFIC ISLANDERS (API) TO PROSPER BY 1) BUILDING HEALTHIER COMMUNITIES, 2) DEVELOPING API LEADERS, 3) CREATING A STRONGER API SECTOR, AS WE BELIEVE THAT OUR COMMUNITIES ARE BEST SERVED BY STRONG NONPROFITS THAT ARE LINGUISTICALLY ACCESSIBLE AND CULTURALLY APPROPRIATE TO MEET THEIR NEEDS.

Activities or mission (Part I)

OUR MISSION IS TO CULTIVATE PHILANTHROPISTS TO INVEST IN ORGANIZATIONS THAT EMPOWER UNDER-SERVED ASIAN AND PACIFIC ISLANDERS (API) TO PROSPER BY 1) BUILDING HEALTHIER COMMUNITIES, 2) DEVELOPING API LEADERS, 3) CREATING A STRONGER API VOICE, AS WE BELIEVE THAT OUR COMMUNITIES ARE BEST SERVED BY STRONG NONPROFITS THAT ARE LINGUISTICALLY ACCESSIBLE AND CULTURALLY APPROPRIATE TO MEET THEIR NEEDS.

  • IN 2022, TOGETHER WITH APCF'S 74 NETWORK AGENCIES IN LOS ANGELES AND ORANGE COUNTIES, WE SERVE OVER 4.9 MILLION PEOPLE ANNUALLY, PRIMARILY LOW-INCOME, IMMIGRANT AAPIS, WITH PROGRAMS AND SERVICES IN 34 AAPI LANGUAGES, AS WELL AS ENGLISH AND SPANISH.AS AN AAPI-FOCUSED COMMUNITY FUND, APCF BELIEVES THAT OUR DIVERSE COMMUNITIES ARE BEST SERVED BY NONPROFITS THAT SPEAK OUR LANGUAGES, KNOW OUR CULTURES, AND HAVE THE TRUST OF OUR COMMUNITY MEMBERS. APCF CONTINUES TO BE RESPONSIVE TO MEET THE EVOLVING NEEDS OF OUR AAPI NONPROFIT SECTOR WITH THE FOLLOWING:1. CREATED NEW GRANT FUNDING IN RESPONSE TO OUR CALL FOR PHILANTHROPY TO MAKE TIMELY AND SIGNIFICANT INVESTMENTS IN OUR LOCAL AAPI NONPROFIT SECTOR WHEN OUR COMMUNITIES NEED HELP THE MOST - RESULTING IN 2021'S WOMEN LEADERSHIP IN PHILANTHROPY FUND.2. DEVELOPED AN AAPI NONPROFIT PROGRAMS MATRIX TO HELP DONORS NAVIGATE AND DIRECT THEIR GIVING FOR THE GREATEST IMPACT TO LOCAL AAPI COMMUNITIES, WITH CATEGORIES THAT INCLUDE COVID-RELATED SERVICES SUCH AS VACCINATIONS AND FOOD DELIVERIES AS WELL AS ADDRESSING ANTI-ASIAN HATE.3. COMMUNITY EVENTS PAGE TO INCLUDE ONGOING FREE WEBINARS AND OTHER CAPACITY BUILDING/TECHNICAL ASSISTANCE VIRTUAL WORKSHOPS IN BOARD LEADERSHIP PROGRAM AND MEET THE FUNDERS.

    Expenses $3,473,624 · Grants $2,453,144 · Revenue $4,881,516

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wendy On

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Marco Cordova

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tony Chou

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Elaine Quach

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Victor Cheng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eljay Feuerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Hung Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Quon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Tong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Tran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Azim Vishani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annie Xu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Yung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Chan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Karasawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Morikawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joo Wan Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Too

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felix Wang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Yang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rae Xu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chun-Yen Chen

    EXECUTIVE DIRECTOR

    Total calculated
    $166,000
    From this org
    $166,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,000

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 · 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
2 October 2023
IRS schema version
2022v5.0
Source object
202302759349300645

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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