Form 990 for tax year 2024

Totals

Total revenue

$915,220

Total expenses

$919,213

Contributions and grants received

$894,453

Grants paid

$194,834

Program service revenue

$0

Investment income

$20,767

Other revenue

$0

Total assets, end of year

$1,264,510

Total liabilities, end of year

$10,564

Net assets or fund balances, end of year

$1,253,946

Program services expenses (Part IX)

$832,948

Management and general expenses

$86,265

Fundraising expenses

$0

Program service expenses (Part III)

$832,948

Program services were 90.6% 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.

Mission and programs · 2024

• LEADERSHIP & BUSINESS CONFERENCE AND ANNUAL AWARDS & SCHOLARSHIP GALA: THE ILF ALSO HOSTS A LEADERSHIP AND BUSINESS CONFERENCE WHICH INCLUDES A GLOBAL STRATIGIC ECONOMIC FORUM, BUSINESS TO BUSINESS MATCHMAKING AND THE ILFS ANNUAL SCHOLARSHIP AND AWARDS GALA TO RECOGNIZE EXEMPLARY CONTRIBUTIONS TO THE APA COMMUNITY. IT PROMOTES AND EDUCATES THE APA COMMUNITY TO GET INVOLVED IN MAINSTREAM ACTIVITIES AND ALSO PREPARES THE YOUNG GENERATION TO BECOME LEADERS IN THE PUBLIC BUSINESS, ACADEMIC COMMUNITY AND PROFESSIONAL ARENAS.

  Expenses $480,376

• ILF FELLOWSHIP AND LEADERSHIP TRAINING PROGRAM: THE ILF PROMOTES THE CIVIC AWARENESS, PUBLIC SERVICE AND ECONOMIC EFFECTIVENESS OF THE ASIAN PACIFIC AMERICAN (APA) COMMUNITY. ITS MISSION IS TO DEVELOP YOUNG LEADERS IN THE UNITED STATES AND OTHER PACIFIC RIM COUNTRIES IN THE FIELDS OF PUBLIC SERVICE, ENTREPRENEURSHIP AND THE INTERNATIONAL ARENA THROUGH A NETWORK OF BUSINESS AND COMMUNITY LEADERS. THE WASHINGTON CIVIC FELLOWSHIP IS A CIVIC LEADERSHIP DEVELOPMENT PROGRAM. EACH FELLOW PARTICIPATES IN A SUPERVISED TRAINING PROGRAM, INCLUDING A PUBLIC SERVICE INTERNSHIP TO LEARN ABOUT PUBLIC POLICY AND HOW TO NETWORK AND ACCESS GOVERNMENT TO HELP THE COMMUNITY. THE ILF AWARDS FELLOWSHIPS YEARLY FOR STUDENTS TO SPEND SEVERAL WEEKS INTERNING IN GOVERNMENT AGENCIES IN WASHINGTON, DC.

  Expenses $301,032

• YOUTH LEADERSHIP ACADEMY & EDUCATIONAL TRAINING PROGRAM: THE ILF HAS A NETWORK OF NATIONAL ADVISORY BOARDS AND GLOBAL ADVISORY COUNCILS IN 15 CITIES, COMPRISED OF PROFESSIONAL, CIVIC, BUSINESS AND COMMUNITY LEADERS. EACH YEAR,ILF HOSTS A SERIES OF EDUCATIONAL EVENTS FOR OVER ONE HUNDRED ADVISORS WHICH ARE COMPRISED OF VARIOUS SEMINARS, TOURS, POLICY DISCUSSIONS, AND MEETINGS WITH MEMBERS OF CONGRESS AND OTHER HIGH-RANKING OFFICIALS.

  Expenses $51,540

As filed on the 2024 return.

Listed in Part VII

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

• COALITION OF ASIAN AMERICAN BUSINES

  $9,000

  CHARITABLE DONATION

• BOWERS MUSEUM

  $5,000

  CHARITABLE DONATION

• TAIWANESE AMERICAN CITIZENS LEAGUE

  $3,000

  CHARITABLE DONATION

• YUMI CARES FOUNDATION

  $2,500

  CHARITABLE DONATION

• PARENTS ASSOCIATION OF TROOP 228

  $300

  CHARITABLE DONATION

Provenance

Return type

form_990

Tax year

2024

Filed

14 August 2025

IRS schema version

2024v5.2

Source object

202542269349303024

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