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← CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2024

Filed by CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$1,042,438
Total expenses
$1,029,562
Contributions and grants received
$1,042,473
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$35
Total assets, end of year
$1,134,421
Total liabilities, end of year
$382,873
Net assets or fund balances, end of year
$751,548
Program services expenses (Part IX)
$823,368
Management and general expenses
$186,097
Fundraising expenses
$20,097
Program service expenses (Part III)
$823,368

Program services were 80.0% 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

    $41,700

  • 1f · All other contributions, gifts and grants

    $1,000,773

  • 8a · Fundraising events: gross income

    $23,356

  • 8a · Fundraising events: contributions included on line 1c

    $41,700

  • 8b · Fundraising events: direct expenses

    $23,391

  • 8c · Net income from fundraising events

    total -$35 · excluded -$35

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $274,760 · program services $82,025 · management and general $173,461 · fundraising $19,274

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11g · Fees: other

    total $166,070 · program services $166,070

  • 13 · Office expenses

    total $20,711 · program services $9,154 · management and general $10,734 · fundraising $823

  • 17 · Travel

    total $40 · program services $28 · management and general $12

  • 19 · Conferences, conventions and meetings

    total $390 · management and general $390

  • 24a · Other expenses: CAPCC/SACC PROGRAMS

    total $440,860 · program services $440,860

  • 24b · Other expenses: CATALYST LEADERSHIP/NEX

    total $63,562 · program services $63,562

  • 24c · Other expenses: STOP HATE,CONNECTING PO

    total $61,669 · program services $61,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $999,236 · end of year $970,376

  • 4 · Accounts receivable

    beginning of year $220,483 · end of year $164,045

  • 17 · Accounts payable and accrued expenses

    beginning of year $481,047 · end of year $308,819

  • 19 · Deferred revenue

    end of year $74,054

  • 27 · Net assets without donor restrictions

    beginning of year $738,672 · end of year $492,199

  • 28 · Net assets with donor restrictions

    end of year $259,349

Mission and programs · 2024

Mission

TO STRENGTHEN UNDERSERVED, DIVERSE COMMUNITIES THROUGH LEADERSHIP, PROFESSIONAL DEVELOPMENT AND EDUCATION, COMMUNITY ECONOMIC AND WORKFORCE DEVELOPMENT, ALONG WITH CULTURAL DIPLOMACY PROGRAMS THAT BUILD CAPACITY WITHIN THE STATE'S NEXT GENERATION OF ASIAN AMERICAN PACIFIC ISLANDER LEADERS' ETHNIC-BASED GROWER ASSOCIATIONS, COMMUNITY-BASED SERVICE AND FAITH-BASED ORGANIZATIONS, BUSINESS AND CIVIL SOCIETY ORGANIZATIONS WHO RELFECT THE DIVERSE TAPESTRY OF CALIFORNIA'S ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY.

  • THE CATALYST LEADERSHIP PROGRAM, NOW IN ITS 17TH YEAR, PROVIDED 25 INDIVIDUALS WITH A 9-MONTH, HANDS-ON LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO DEVELOP THE MANAGEMENT SKILLS OF DIVERSE YOUNG PROFESSIONALS AND EMERGING LEADERS. PARTICIPANTS DEVELOP AN INDIVIDUAL LEADERSHIP PLAN; JOIN COMMUNITY, SOCIAL SERVICE OR PROFESSIONAL ORGANIZATIONS; AND MEET WITH COMMUNITY LEADERS IN ORDER TO FORGE KEY RELATIONSHIPS WITHIN THE STATE. OVER 300 INDIVUDLAS HAVE GRADUATED FROM THE CATALYST LEADERSHIP PROGRAM.THE CAL ASIAN FOUNDATION CONTINUED THE AAPI LIFT PROGRAM IN 2024. AAPI LIFT IS A LEADERSHIP PROGRAM THAT FOCUSES ON MENTORING COMMUNITY LEADERS, BUSINESS OWNERS, AND ENTREPRENEURS FOR PUBLIC SERVICE, ADVOCACY AND/OR PUBLIC OFFICE. THE PROGRAM COMBINES LEADERSHIP DEVELOPMENT WITH INDIVIDUALIZED MENTORSHIP, EQUIPPING PARTICIPANTS WITH THE SKILLS AND INSIGHTS NEEDED TO BECOME CHANGEMAKERS IN THEIR COMMUNITIES, COVERING TOPICS SUCH AS BUILDING COALITIONS, COMMUNICATING YOUR AGENDA, RUNNING WINNING CAMPAIGNS, AND GOVERNING EFFECTIVELY.THE CAL ASIAN FOUNDATION CONTINUED ITS "NETGEN EMPOWER U" PROGRAM IN 2024. NEXTGEN EMPOWER U IS A 3-MONTH PROGRAM DESIGNED TO EMPOWER SOCIOECONOMICALLY DISADVANTAGED FIRST- AND SECOND-GENERATION YOUNG ADULTS SUPPORTING THEIR JOURNEY THROUGH HIGHER EDUCATION AND CAREER SUCCESS. THE PROGRAM TOUCHES ON TOPICS SUCH AS RELATIONSHIP BUILDING, COMMUNICATION, EDUCATION, CAREER DEVELOPMENT, AND FINANCIAL MANAGEMENT.

    Expenses $77,777

  • THE FOUNDATION CONTINUES TO SUPPORT STATE-WIDE EFFORTS OF CHAMBERS OF COMMERCE WITH THEIR WORK TO MAINTAIN AND EXPAND BUSINESS CENTERS PROVIDING TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES. THE FOUNDATION ALSO SUPPORTED THEIR EFFORTS TO PROMOTE DIVERSITY, EQUITY AND INCLUSION TO ADVANCE OPPORTUNITES AND ENSURE INVESTMENTS CALIFORNIA'S DIVERSE COMMUNITIES.

    Expenses $440,860

  • THE FOUNDATION PARTICIPATED IN THE "STOP THE HATE" PROGRAM IN PARTNERSHIP WITH THE SIERRA HEALTH FOUNDATION AND THE CALIFORNIA DEPT OF SOCIAL SERVICES TO PROTECT AAPI COMMUNITIES FROM HATE CRIMES. THE PROGRAM ALSO ASSISTS THE AAPI BUSINESS COMMUNITY PREVENT AND OVERCOME AAPI HATE.THE FOUNDATION WAS ALSO AWARDED A GRANT TO ASSIST WITH WORK ON A REGIONAL IMMIGRATION PLAN, TO UNDERSTAND THE CURRENT STATE OF IMMIGRATION IN CALIFORNIA, ASSIST WITH IMMIGRATION REFORM, AND HELP INTEGRATE EFFORTS.

    Expenses $258,012

  • KITCHEN INNOVATION ELECTRICAL DEVELOPMENT PROGRAM,CONNECTING POINT EVENTS, ETC.

    Expenses $46,719

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN COSTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KATHY MCKIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROB FONG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • ROSIE DAUZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN GUTIERREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHELLE PICARD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • IAN SO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LAKHI SIAP

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349318901

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