Civic Intelligence

Asian American Business Development Center Inc.

990 • Fiscal year 2016 • EIN 13-3801336

Oct 01, 2015 to Sep 30, 2016 • Filed on May 12, 2017

132 Nassau StreetNew York, NY 10038

(212) 966-0100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.38x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.17x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$92,000

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Asset Growth

92nd percentile

69%

Faster asset growth than 92% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

66%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$398,861

Up $162,421 (+69%) from 2015

Net Assets

Up

$249,107

Up $106,507 (+75%) from 2015

Liabilities

Up

$149,754

Up $55,914 (+60%) from 2015

Revenue

Up

$902,322

Up $358,874 (+66%) from 2015

Expenses

Up

$793,901

Up $342,093 (+76%) from 2015

Net Income

Up

$108,421

Up $16,781 (+18%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $117,038Liabilities 2011: $166,665Net Assets 2011: -$49,6272011Assets 2012: $105,609Liabilities 2012: $176,180Net Assets 2012: -$70,5712012Assets 2013: $67,475Liabilities 2013: $181,340Net Assets 2013: -$113,8652013Assets 2014: $161,105Liabilities 2014: $103,144Net Assets 2014: $57,9612014Assets 2015: $236,440Liabilities 2015: $93,840Net Assets 2015: $142,6002015Assets 2016: $398,861Liabilities 2016: $149,754Net Assets 2016: $249,1072016Assets 2017: $199,838Liabilities 2017: $84,730Net Assets 2017: $115,1082017Assets 2018: $200,832Liabilities 2018: $119,405Net Assets 2018: $81,4272018Assets 2019: $207,673Liabilities 2019: $161,521Net Assets 2019: $46,1522019Assets 2020: $333,872Liabilities 2020: $220,840Net Assets 2020: $113,0322020Assets 2021: $958,350Liabilities 2021: $130,318Net Assets 2021: $828,0322021Assets 2022: $996,075Liabilities 2022: $239,981Net Assets 2022: $756,0942022Assets 2023: $1,256,226Liabilities 2023: $172,482Net Assets 2023: $1,083,7442023Assets 2024: $1,304,922Liabilities 2024: $303,625Net Assets 2024: $1,001,2972024

Highlighted filing

2016

Assets$398,861
Liabilities$149,754
Net Assets$249,107

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $418,268Expenses 2011: $438,442Net Income 2011: -$20,1742011Expenses 2012: $382,5732012Revenue 2013: $322,425Expenses 2013: $365,719Net Income 2013: -$43,2942013Revenue 2014: $533,760Expenses 2014: $360,512Net Income 2014: $173,2482014Revenue 2015: $543,448Expenses 2015: $451,808Net Income 2015: $91,6402015Revenue 2016: $902,322Expenses 2016: $793,901Net Income 2016: $108,4212016Revenue 2017: $527,265Expenses 2017: $661,264Net Income 2017: -$133,9992017Revenue 2018: $545,754Expenses 2018: $579,435Net Income 2018: -$33,6812018Revenue 2019: $655,813Expenses 2019: $691,088Net Income 2019: -$35,2752019Revenue 2020: $440,251Expenses 2020: $373,371Net Income 2020: $66,8802020Revenue 2021: $1,370,849Expenses 2021: $683,771Net Income 2021: $687,0782021Revenue 2022: $755,571Expenses 2022: $854,914Net Income 2022: -$99,3432022Revenue 2023: $1,590,149Expenses 2023: $1,262,499Net Income 2023: $327,6502023Revenue 2024: $1,188,508Expenses 2024: $1,270,955Net Income 2024: -$82,4472024

Highlighted filing

2016

Revenue$902,322
Expenses$793,901
Net Income$108,421
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$902,322
Mission and Program Overview

Mission

To provide asian-american business owners with technical and professional assistance in developing marketing and financing strategies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$97,058$298,813▲ $201,755
Other Notes and Loans Receivable, Net$58,481$64,281▲ $5,800
Loans From Officers Directors$19,117$22,651▲ $3,534
Land, Buildings, and Equipment, Net$8,245$6,737▼ $1,508
Prepaid Expenses and Deferred Charges$1,649$2,843▲ $1,194
Savings and Temporary Cash Investments$59$59→ $0
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$236,440$398,861▲ $162,421
Other Assets Total$70,948$26,128▼ $44,820
Liabilities
Accounts Payable and Accrued Expenses$36,461$92,231▲ $55,770
Mortgage Notes Payable Secured by Investment Property$38,262$34,872▼ $3,390
Total Liabilities$93,840$149,754▲ $55,914
Net Assets / Fund Balance
Unrestricted Net Assets$142,600$249,107▲ $106,507
Total Net Assets Fund Balance$142,600$249,107▲ $106,507
Total Liabilities and Net Assets / Fund Balance$236,440$398,861▲ $162,421

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,737$60,585$67,322
Other Assets Org$5,410--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John WangPresidentFT$92,000$92,000

Board Members and Trustees

NameTitle
Bo ChenSecretary
Ilwon KangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$898,195
Program Service Revenue
$0
Investment Income
$94
Other Revenue
$4,033
All Other Contributions
$898,195
Change in Net Assets
$108,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$902,055
Revenue Not Reported on Financial Statements
$267
Revenue Not Reported on Form 990
$-1,647
Total Revenue per Audited Statements
$900,408
Total Revenue per Form 990
$902,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$623,393
Salaries, Compensation, and Employee Benefits$170,508
Total Fundraising Expense$9,892
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$92,000-$92,000
Other Salaries and Wages-$66,055-$66,055
Occupancy$21,965$8,054$6,590$36,609
Travel$13,091$728$728$14,547
Payroll Taxes-$12,453-$12,453
Fees for Services Accounting-$8,700-$8,700
Office Expenses$1,814$3,706$544$6,064
Fees for Services Other$3,316$1,216$995$5,527
Fees for Services Legal$1,730$634$519$2,883
Insurance$2,090$661$116$2,867
All Other Expenses$1,155$1,408$144$2,707
Other Expenses$4,613$1,556$256$1,556
Depreciation Depletion-$1,508-$1,508
Interest-$1,410-$1,410
Total Functional Expenses$571,705$212,304$9,892$793,901

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$793,901
Total Expenses per Audited Statements$793,901
Total Expenses per Form 990$793,901
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$19,117$22,651▲ $3,534
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is reviewed by the executive director before it is mailed to the irs.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The process includes (a) review and approval by a governing body or compensation committee, provided that persons with a conflict of interest with respect to the compensation arrangement at issue were not involved (b) use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations (c) documentation and recordkeeping of this information and decisions made by the committee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization provided such documents to anyone, upon written request to the executive director and by appointment during regular business hours.

Filing and Contact Details

Filer

Filer Name
Asian American Business Development
EIN
13-3801336
Phone
2129660100
Address
132 NASSAU STREET, NEW YORK, NY 10038

Signing Officer

Name
John Wang
Title
President
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
2

Preparer

Firm
Wei Wei & Co Llp
Address
13310 39TH AVE, FLUSHING, NY 11354-4400
Preparer
Steve Wei CPA
Phone
7184456308
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt059
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0898195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0543065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0512010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0322025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0361625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02636920
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0383
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0573
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04033
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt021658
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026091
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99000
IRS990ScheduleA/PublicSupportPY170Pct00.98970
IRS990ScheduleA/PublicSupportTotal170Amt02636920
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0898195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0543065
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0512010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0322025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0361625
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02636920
IRS990ScheduleA/TotalSupportAmt02663584
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0793901
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0267
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1647
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020718
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15410
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0other INVESTMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06737
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060585
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067322
IRS990ScheduleD/RevenueNotReportedAmt0-1647
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0267
IRS990ScheduleD/RevenueSubtotalAmt0902055
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06737
IRS990ScheduleD/TotalBookValueOtherAssetsAmt026128
IRS990ScheduleD/TotalExpensesPerForm990Amt0793901
IRS990ScheduleD/TotalRevenuePerForm990Amt0902322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0900408
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0793901
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt022651
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt013240
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JOHN WANG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt022651
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE IT IS MAILED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The process includes (a) review and approval by a governing body or compensation committee, provided that persons with a conflict of interest with respect to the compensation arrangement at issue were not involved (b) use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations (c) documentation and recordkeeping of this information and decisions made by the committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDED SUCH DOCUMENTS TO ANYONE, UPON WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR AND BY APPOINTMENT DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0236440
IRS990/TotalAssetsEOYAmt0398861
IRS990/TotalAssetsGrp/BOYAmt0236440
IRS990/TotalAssetsGrp/EOYAmt0398861
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0898195
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09892
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0212304
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0571705
IRS990/TotalFunctionalExpensesGrp/TotalAmt0793901
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093840
IRS990/TotalLiabilitiesEOYAmt0149754
IRS990/TotalLiabilitiesGrp/BOYAmt093840
IRS990/TotalLiabilitiesGrp/EOYAmt0149754
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0142600
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0249107
IRS990/TotalProgramServiceExpensesAmt0571705
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt092000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04127
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0902322
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0236440
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0398861
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0728
IRS990/TravelGrp/ManagementAndGeneralAmt0728
IRS990/TravelGrp/ProgramServicesAmt013091
IRS990/TravelGrp/TotalAmt014547
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0142600
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0249107
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.AABDC.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$0.30$1.00$1.19$1.27$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.17$1.08$1.59$1.26$0.33
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.24$0.76$0.76$0.85$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.96$0.13$0.83$1.37$0.68$0.69
2020Detailed filing. Detailed filing data is available for this year.$0.33$0.22$0.11$0.44$0.37$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.16$0.05$0.66$0.69$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.12$0.08$0.55$0.58$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.08$0.12$0.53$0.66$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.15$0.25$0.90$0.79$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.09$0.14$0.54$0.45$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.10$0.06$0.53$0.36$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.18$0.11$0.32$0.37$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.18$0.07$0.38
2011Summary only. Only limited summary data is available for this year.$0.12$0.17$0.05$0.42$0.44$0.02