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ACE FOUNDATION

EIN 46-3200311 WASHINGTON, DC

Browse the largest nonprofits in District of Columbia

Revenue 2025
$2,114,265
Expenses 2025
$1,946,901

Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
P20
Classification
1000
Street
1455 PENNSYLVANIA AVE NW STE 400

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

43 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 400). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.

Activities or mission (Part I)

IMPROVE THE QUALITY OF LIFE FOR ALL SMALL BUSINESSES THROUGH BUSINESS EDUCATION.

  • EDUCATION - ACE FOUNDATION WORKS TO EDUCATE ALL SMALL BUSINESS COMMUNITIES ON ISSUES THAT WILL DIRECTLY IMPROVE THEIR ECONOMIC, POLITICAL, AND SOCIAL WELL-BEING. ACE FOUNDATION HOSTS EVENTS AIMED TO HELP EDUCATE ALL BUSINESS COMMUNITIES. THESE EVENTS INCLUDE ROUNDTABLES AND SYMPOSIUMS COORDINATED WITH FEDERAL GOVERNMENT AGENCIES. MANY OF THESE EVENTS ARE VIRTUAL WEBINARS WHICH COVER TOPICS AROUND ACCESS TO CAPITAL, CONTRACTING OPPORTUNITIES, GRANT WRITING, RETIREMENT SECURITY, FINANCIAL CAPACITY, AND CHALLENGES FACING MINORITY BUSINESS OWNERS.

    Expenses $503,643 · Grants $47,500

  • ECONOMIC DEVELOPMENT - ACE FOUNDATION EDUCATES LOCAL AND REGIONAL CHAMBERS OF COMMERCE, MOU PARTNERS, AND OTHER STAKEHOLDERS ACROSS THE COUNTRY TO PROVIDE INNOVATIVE BUSINESS SOLUTIONS THROUGH QUALITY PROGRAMS AND SERVICES. ACE FOUNDATION ALSO CONTRIBUTES TO OUR NATION'S ECONOMIC GROWTH, BUSINESS DEVELOPMENT, AND GOVERNMENT EFFICIENCY BY SUPPORTING PROGRAMS AND POLICIES THAT CREATE MORE AAPI BUSINESS OWNERS, ENTREPRENEURS, AND CORPORATE LEADERS.

    Expenses $488,527 · Grants $47,500

  • SMALL BUSINESS PRIORITY - SMALL BUSINESS IS A NATIONAL CALL-TO-ACTION PROGRAM POWERED BY THE NATIONAL ASIAN/PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE AND ENTREPRENEURSHIP (NATIONAL ACE). THE PROGRAM'S PRIMARY GOAL IS TO CONVENE OUR NETWORK OF BUSINESS ORGANIZATIONS, ENTREPRENEURS, CORPORATE LEADERS, AND STAKEHOLDERS TO ADVANCE EQUITY, JUSTICE, AND OPPORTUNITY FOR COMMUNITIES EVERYWHERE. THE SMALL BUSINESS PRIORITY PROGRAM FOSTERS THE WELLBEING OF THESE VITAL INSTITUTIONS BY PROVIDING TECHNICAL ASSISTANCE ON BUSINESS RESILIENCE, RESOURCES ON BUSINESS RECOVERY, INFORMATION ON STARTING, GROWING, OR RETAINING A BUSINESS, AND CREATING AVENUES FOR EDUCATION ON ACCESS TO CAPITAL AND CONTRACTING.

    Expenses $485,000 · Grants $485,000 · Revenue $18,100

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jimmy Ferguson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bin Yu

    DIRECTOR (THRU MAY); TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Angela Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cy Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melody Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Jin Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Funasaki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Huang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Imada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Narumi Inatsugu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shau-Wai Lam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Ty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fa'Amoana Uta'I

    DIRECTOR (THRU MARCH)

    Total calculated
    $0
    Hours/week
    1

  • Tianyi Zhu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chiling Tong

    PRESIDENT AND CEO

    Total calculated
    $0
    Hours/week
    2

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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $2,114,265
    Expenses
    $1,946,901
    Contributions
    $2,016,989
    Grants paid
    $580,000
  • 2024
    Revenue
    $3,207,046
    Expenses
    $2,300,807
    Contributions
    $3,017,578
    Grants paid
    $1,344,763
  • 2023
    Revenue
    $2,565,208
    Expenses
    $2,233,333
    Contributions
    $2,549,006
    Grants paid
    $1,343,438
  • 2022
    Revenue
    $4,126,452
    Expenses
    $4,379,062
    Contributions
    $3,854,681
    Grants paid
    $2,302,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $4,925,952
    Expenses
    $3,547,528
    Assets (EOY)
    $2,377,771

  • 2020 · 990

    Revenue
    $387,420
    Expenses
    $360,288
    Assets (EOY)
    $657,732

  • 2019 · 990

    Revenue
    $311,710
    Expenses
    $322,536
    Assets (EOY)
    $599,695

  • 2018 · 990

    Revenue
    $272,500
    Expenses
    $300,447
    Assets (EOY)
    $610,703

  • 2017 · 990

    Revenue
    $431,816
    Expenses
    $356,069
    Assets (EOY)
    $648,322

  • 2016 · 990

    Revenue
    $456,549
    Expenses
    $260,976
    Assets (EOY)
    $878,581

  • 2015 · 990

    Revenue
    $394,861
    Expenses
    $343,491
    Assets (EOY)
    $731,731

  • 2014 · 990

    Revenue
    $408,216
    Expenses
    $294,379
    Assets (EOY)
    $526,121

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

  • FACING EAST TAIWANESE RESTAURANT

    $100,000

    2022 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • BARBE-QUEEN

    $100,000

    2022 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • IMPERYO LLC

    $100,000

    2022 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • ASIAN AMERICAN ARTS ALLIANCE INC

    $95,000

    2025 SUPPORT THE NATIONAL MUSEUM OF ASIAN PACIFIC AMERICAN HISTORY AND CULTURE

  • ALOHA ISLAND MARKET AZ

    $50,000

    2023 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • RANKEN NOODLE HOUSE LLC

    $50,000

    2023 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • SUNHEE'S FARM AND KITCHEN LLC

    $50,000

    2023 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • EPNS LLC

    $25,000

    2022 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • CHERRY ST BAKERY LLC

    $25,000

    2022 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

  • LIL CHEF MAMA

    $25,000

    2022 REOPENING OR CAPACITY BUILDING FOR RESTAURANTS

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

Where these grants went next →

Grants received

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

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.