Civic Intelligence

Asian American Chamber of Commerce Inc

990EZ • Fiscal year 2015 • EIN 26-4082119

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 10, 2016

8300 Boone Blvd Ste 450Tysons Corner, VA 22182

(703) 752-6292

Siviq Scores

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

Liabilities / Assets

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

69th percentile

10%

Higher net margin than 69% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

79th percentile

$32,446

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 40.5% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

99th percentile

801%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

31%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,865

Up $6,103 (+801%) from 2014

Net Assets

Up

$4,104

Up $8,310 (+198%) from 2014

Liabilities

Down

$2,761

Down $2,207 (-44%) from 2014

Revenue

Up

$80,129

Up $19,014 (+31%) from 2014

Expenses

Up

$71,818

Up $244 (+0.3%) from 2014

Net Income

Up

$8,311

Up $18,770 (+179%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2013: $66,668Liabilities 2013: $67,653Net Assets 2013: -$9852013Assets 2014: $762Liabilities 2014: $4,968Net Assets 2014: -$4,2062014Assets 2015: $6,865Liabilities 2015: $2,761Net Assets 2015: $4,1042015Assets 2016: $21,389Liabilities 2016: $1,728Net Assets 2016: $19,6612016Assets 2017: $21,682Liabilities 2017: $2,390Net Assets 2017: $19,2922017Assets 2018: $18,967Liabilities 2018: $1,429Net Assets 2018: $17,5382018Assets 2019: $19,589Liabilities 2019: $1,698Net Assets 2019: $17,8912019Assets 2020: $86,582Liabilities 2020: $58,858Net Assets 2020: $27,7242020Assets 2021: $109,740Liabilities 2021: $64,229Net Assets 2021: $45,5112021Assets 2022: $113,326Liabilities 2022: $62,075Net Assets 2022: $51,2512022Assets 2023: $109,189Liabilities 2023: $66,568Net Assets 2023: $42,6212023Assets 2024: $87,338Liabilities 2024: $59,859Net Assets 2024: $27,4792024

Highlighted filing

2015

Assets$6,865
Liabilities$2,761
Net Assets$4,104

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $66,668Expenses 2013: $67,653Net Income 2013: -$9852013Revenue 2014: $61,115Expenses 2014: $71,574Net Income 2014: -$10,4592014Revenue 2015: $80,129Expenses 2015: $71,818Net Income 2015: $8,3112015Revenue 2016: $116,590Expenses 2016: $101,032Net Income 2016: $15,5582016Revenue 2017: $107,291Expenses 2017: $108,231Net Income 2017: -$9402017Revenue 2018: $121,450Expenses 2018: $123,204Net Income 2018: -$1,7542018Revenue 2019: $116,839Expenses 2019: $116,488Net Income 2019: $3512019Revenue 2020: $95,257Expenses 2020: $85,422Net Income 2020: $9,8352020Revenue 2021: $142,623Expenses 2021: $124,836Net Income 2021: $17,7872021Revenue 2022: $180,117Expenses 2022: $174,377Net Income 2022: $5,7402022Revenue 2023: $246,562Expenses 2023: $255,192Net Income 2023: -$8,6302023Revenue 2024: $243,269Expenses 2024: $258,411Net Income 2024: -$15,1422024

Highlighted filing

2015

Revenue$80,129
Expenses$71,818
Net Income$8,311
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 10, 2016
Return Version
2015v2.1
Gross Receipts
$80,129
Mission and Program Overview

Mission

Improve economic development for asian-american owned businesses

Program Services

DescriptionGrantsExpenses
PROGRAMS INCLUDE: CHAMBER AWARD PRGM/GALA: RECOGNIZES ASIAN PAC AM BUSINESSES & LEADERS WHO MADE OUTSTANDING CONNECTIONS TO WDC BUSINESS COMMUNITY/ECONOMY & BRINGS TOGETHER MEMBERS/GUEST, NATIONAL/LOCAL ELECTED OFFICIALS & BUSINESS LEADERS BUSINESS SUMMIT & EXPO: BRINGS TOGETHER LEADING ASIAN PAC AM BUSINESS/ORGANIZATIONS & CONNECT WITH GOVERNMENT RESOURCES/BUILD BUSINESS PARTNERSHIPS & GAIN EDUCATION/MARKETING EXPORSURES WHILE EXPANDING NETWORK BUSINESS NETWORKING PRGRM: PROVIDES A PLATFORM FOR BUSINESSES TO EXPAND NETWORK, BUILD REFERRAL PARTNERS AND FIND WAYS TO WORK TOGETHER GROWING THEIR BUSINESS TO SUPPORT BUSINESS COMMUNITY.-$17,381
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
XIN SHAOPresidentPT$32,446-$32,446
VANCE ZAVELAChairman-$0--
OANH HENRYVice-Chair-$0--
AUDREY LUSTRETreasurer-$0--
CINDY CHATMANDirector-$0--
HAIWEN L MACKLEERDirector-$0--
ROBERT SHERRETTADirector-$0--
WILLIAM RIDLEYDirector-$0--
STEPHAINE SHEIDirector-$0--
RUTH CROUTDirector-$0--
JENNY JINGDirector-$0--
BIN HEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Asian American Chamber
EIN
26-4082119
Address
8300 BOONE BLVD STE 450, TYSONS CORNER, VA 22182

Signing Officer

Name
Xin Shao
Title
President
Signed
2016-07-10
Discuss with paid preparer
Yes

Preparer

Firm
Georgen Scarborough Associates Pc
Address
243 CHURCH ST NW STE 100E, VIENNA, VA 22180-4437
Preparer
Kathy J Georgen CPA
Phone
7033193990
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 609 admin exp 951 office supplies 1,143 auto expenses 127 transportation 1,459 insurance 1,144 event expenses 15,795 meals & entertainment 347 merchant fees 2,075 internet web hosting 37 business tax licenses fee 45 commissions 2,095 contract labor 72 donations 210 gifts 29 total 26,138

Form 990-ez, Part II, Line 26

Citi cc 1,008 1,145 payroll liabilities 960 716 other liabilities 0 0 loans from officers 3,000 900

Form 990-ez, Part III, Line 28

Programs include: chamber award prgm/gala: recognizes asian pac am businesses & leaders who made outstanding connections to wdc business community/economy & brings together members/guest, national/local elected officials & business leaders business summit & expo: brings together leading asian pac am business/organizations & connect with government resources/build business partnerships & gain education/marketing exporsures while expanding network business networking prgrm: provides a platform for businesses to expand network, build referral partners and find ways to work together growing their business to support business community.

Raw XML Appendix150 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.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 609 ADMIN EXP 951 OFFICE SUPPLIES 1,143 AUTO EXPENSES 127 TRANSPORTATION 1,459 INSURANCE 1,144 EVENT EXPENSES 15,795 MEALS & ENTERTAINMENT 347 MERCHANT FEES 2,075 INTERNET WEB HOSTING 37 BUSINESS TAX LICENSES FEE 45 COMMISSIONS 2,095 CONTRACT LABOR 72 DONATIONS 210 GIFTS 29 TOTAL 26,138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CITI CC 1,008 1,145 PAYROLL LIABILITIES 960 716 OTHER LIABILITIES 0 0 LOANS FROM OFFICERS 3,000 900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROGRAMS INCLUDE: CHAMBER AWARD PRGM/GALA: RECOGNIZES ASIAN PAC AM BUSINESSES & LEADERS WHO MADE OUTSTANDING CONNECTIONS TO WDC BUSINESS COMMUNITY/ECONOMY & BRINGS TOGETHER MEMBERS/GUEST, NATIONAL/LOCAL ELECTED OFFICIALS & BUSINESS LEADERS BUSINESS SUMMIT & EXPO: BRINGS TOGETHER LEADING ASIAN PAC AM BUSINESS/ORGANIZATIONS & CONNECT WITH GOVERNMENT RESOURCES/BUILD BUSINESS PARTNERSHIPS & GAIN EDUCATION/MARKETING EXPORSURES WHILE EXPANDING NETWORK BUSINESS NETWORKING PRGRM: PROVIDES A PLATFORM FOR BUSINESSES TO EXPAND NETWORK, BUILD REFERRAL PARTNERS AND FIND WAYS TO WORK TOGETHER GROWING THEIR BUSINESS TO SUPPORT BUSINESS COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASIAN AMERICAN CHAMBER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF COMMERCE INC
ReturnHeader/Filer/BusinessNameControlTxt0ASIA
ReturnHeader/Filer/EIN0264082119
ReturnHeader/Filer/USAddress/AddressLine1Txt08300 BOONE BLVD STE 450
ReturnHeader/Filer/USAddress/CityNm0TYSONS CORNER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022182
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261776766
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0243 CHURCH ST NW STE 100E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VIENNA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0221804437
ReturnHeader/PreparerPersonGrp/PhoneNum07033193990
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHY J GEORGEN CPA
ReturnHeader/ReturnTs02016-08-12T11:17:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings