Civic Intelligence

Asian Business Center

EIN 20-8835997 • 501(c)3 • Los Angeles, CA

Profile

Business education & training

767 N Hill Street 308Los Angeles, CA 90012

www.asianbusinesscenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

68th percentile

9.7%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

73%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$252,037

Up $22,388 (+9.7%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$252,037

Up $22,388 (+9.7%) from 2020

Operations
Liabilities / RevenueScore unavailableNet Margin91st percentile

Revenue

Up

$39,758

Up $16,753 (+73%) from 2020

Expenses

Up

$17,370

Up $14,713 (+554%) from 2020

Net Income

Up

$22,388

Up $2,040 (+10%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $178,097Liabilities 2010: $2,338Net Assets 2010: $175,7592010Assets 2011: $211,029Liabilities 2011: $235Net Assets 2011: $210,7942011Assets 2012: $265,342Liabilities 2012: $686Net Assets 2012: $264,6562012Assets 2013: $268,435Liabilities 2013: $652Net Assets 2013: $267,7832013Assets 2014: $257,710Liabilities 2014: $7,974Net Assets 2014: $249,7362014Assets 2015: $260,481Net Assets 2015: $260,4812015Assets 2016: $241,358Net Assets 2016: $241,3582016Assets 2017: $283,676Net Assets 2017: $283,6762017Assets 2018: $248,963Net Assets 2018: $248,9632018Assets 2019: $209,301Net Assets 2019: $209,3012019Assets 2020: $229,649Net Assets 2020: $229,6492020Assets 2021: $252,037Net Assets 2021: $252,0372021

Highlighted filing

2021

Assets$252,037
Liabilities-
Net Assets$252,037
Open 2021 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $130,973Expenses 2010: $32,501Net Income 2010: $98,4722010Revenue 2011: $86,520Expenses 2011: $51,485Net Income 2011: $35,0352011Revenue 2012: $113,903Expenses 2012: $60,041Net Income 2012: $53,8622012Revenue 2013: $37,637Expenses 2013: $34,510Net Income 2013: $3,1272013Revenue 2014: $44,523Expenses 2014: $62,570Net Income 2014: -$18,0472014Revenue 2015: $26,291Expenses 2015: $15,546Net Income 2015: $10,7452015Revenue 2016: $12,666Expenses 2016: $31,789Net Income 2016: -$19,1232016Revenue 2017: $95,110Expenses 2017: $52,792Net Income 2017: $42,3182017Revenue 2018: $74,965Expenses 2018: $109,678Net Income 2018: -$34,7132018Revenue 2019: $57,380Expenses 2019: $97,042Net Income 2019: -$39,6622019Revenue 2020: $23,005Expenses 2020: $2,657Net Income 2020: $20,3482020Revenue 2021: $39,758Expenses 2021: $17,370Net Income 2021: $22,3882021

Highlighted filing

2021

Revenue$39,758
Expenses$17,370
Net Income$22,388
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$252,037
Liabilities
-
Net assets
$252,037
Revenue
$39,758
Expenses
$17,370
Net income
$22,388
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$2.52$2.52$0.40$0.17$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.30$2.30$0.23$0.03$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.09$2.09$0.57$0.97$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.49$2.49$0.75$1.10$0.35
2017Detailed filing. Detailed filing data is available for this year.$2.84$2.84$0.95$0.53$0.42
2016Detailed filing. Detailed filing data is available for this year.$2.41$2.41$0.13$0.32$0.19
2015Detailed filing. Detailed filing data is available for this year.$2.60$2.60$0.26$0.16$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.08$2.50$0.45$0.63$0.18
2013Detailed filing. Detailed filing data is available for this year.$2.68$0.01$2.68$0.38$0.35$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.01$2.65$1.14$0.60$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$0.87$0.51$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.02$1.76$1.31$0.33$0.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 16, 2022
Return Version
2021v4.0
Gross Receipts
$39,758
Mission and Program Overview

Mission

Business education & training

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION FOCUSES ON BUSINESS EDUCATION, TRAINING, RESEARCH, SCHOLARSHIP AND ECONOMIC DEVELOPMENT$15,000-
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAREN PARKChairman-$0--
JIM SONGTreasurer-$0--
DENNIS HUANGSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Asian Business Center
EIN
20-8835997
Phone
2136281222
Address
767 N HILL STREET 308, LOS ANGELES, CA 90012

Signing Officer

Name
Dennis Huang
Title
Executive Director
Signed
2022-05-16
Discuss with paid preparer
Yes

Preparer

Firm
THONG YU WONG & LEE LLP CPAs
Address
8450 GARVEY AVENUE STE 200, ROSEMEAD, CA 91770
Preparer
Corey Y Wat CPA Mbt
Phone
6262272888
Supplemental Narrative

Additional Explanations

Other Expenses.1012

“Insurance $1248”

Other Expenses.1

“PROGRAM EXPENSE $15000”

Other Expenses.2

“TELEPHONE $410”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ASIAN BUSINESS CENTER
IRS990EZ/BooksInCareOfDetail/PhoneNum02136281222
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0767 N HILL STREET 308
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090012
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0229649
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0252037
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt039550
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt022388
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0702
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0229649
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0252037
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt039758
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt09
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0229649
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0252037
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0229649
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0252037
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KAREN PARK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JIM SONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DENNIS HUANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt016658
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0BUSINESS EDUCATION & TRAINING
IRS990EZ/PrintingPublicationsPostageAmt010
IRS990EZ/ProgramServiceRevenueAmt0199
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION FOCUSES ON BUSINESS EDUCATION, TRAINING, RESEARCH, SCHOLARSHIP AND ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt015000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt017370
IRS990EZ/TotalProgramServiceExpensesAmt015000
IRS990EZ/TotalRevenueAmt039758
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.AsianBusinessCenter.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt039758
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt023004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt057380
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt074965
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt095110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0290217
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0290217
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt039758
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt023004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt057380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt074965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt095110
IRS990ScheduleA/Total509Grp/TotalAmt0290217
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt039758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt023004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt057380
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt074965
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt095110
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0290217
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $1248
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROGRAM EXPENSE $15000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TELEPHONE $410
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DENNIS HUANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASIAN BUSINESS CENTER
ReturnHeader/Filer/BusinessNameControlTxt0ASIA
ReturnHeader/Filer/EIN0208835997
ReturnHeader/Filer/PhoneNum02136281222
ReturnHeader/Filer/USAddress/AddressLine1Txt0767 N HILL STREET 308
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090012
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710899369
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THONG YU WONG & LEE LLP CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08450 GARVEY AVENUE STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSEMEAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091770
ReturnHeader/PreparerPersonGrp/PhoneNum06262272888
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COREY Y WAT CPA MBT
ReturnHeader/ReturnTs02022-05-16T15:08:01-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DENNIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUANG
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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