Civic Intelligence

Asian American Chamber of Commerce Inc

990EZ • Fiscal year 2017 • EIN 26-4082119

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

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

75th percentile

0.11x

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.02x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

40th percentile

-0.9%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$45,394

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 42.3% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

47th percentile

1.4%

Faster asset growth than 47% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-8.0%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$21,682

Up $293 (+1.4%) from 2016

Net Assets

Down

$19,292

Down $369 (-1.9%) from 2016

Liabilities

Up

$2,390

Up $662 (+38%) from 2016

Revenue

Down

$107,291

Down $9,299 (-8.0%) from 2016

Expenses

Up

$108,231

Up $7,199 (+7.1%) from 2016

Net Income

Down

-$940

Down $16,498 (-106%) from 2016

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

2017

Assets$21,682
Liabilities$2,390
Net Assets$19,292

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

2017

Revenue$107,291
Expenses$108,231
Net Income-$940
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$107,291
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 EXPOSURES 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.-$70,152
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
XIN SHAOPresidentPT$45,394-$45,394
VANCE ZAVELAChairmanPT$0--
WONHEE KANGVice-ChairPT$0--
STEPHANIE SHEITreasurerPT$0--
MIKAE KIMDirectorPT$0--
HAIWEN L MACKLEERDirector-$0--
KERY NUNEZDirector-$0--
KEVIN LEEDirector-$0--
ROSALYN TANDDirector-$0--
KI WILSONDirector-$0--
GLENN KISERDirector-$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
2018-11-15
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 2,281 office supplies 1,099 travel 544 stipend 1,750 meals & entertainment 1,641 insurance 840 event expenses 17,772 merchant fees 2,678 business tax licenses fee 75 donations/gifts 361 chamber master expense 2,976 bank charges 50 community outreach 1,515 chamber dues 300 intuit/online payroll 935 dues & subscriptions 115 total 34,932

Form 990-ez, Part I, Line 20

PY ADJUSTMENTS 571

Form 990-ez, Part II, Line 26

Citi cc 724 617 payroll liabilities 1,004 1,773 other liabilities 0 0

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 exposures 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 Appendix145 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TYSONS CORNER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 2,281 OFFICE SUPPLIES 1,099 TRAVEL 544 STIPEND 1,750 MEALS & ENTERTAINMENT 1,641 INSURANCE 840 EVENT EXPENSES 17,772 MERCHANT FEES 2,678 BUSINESS TAX LICENSES FEE 75 DONATIONS/GIFTS 361 CHAMBER MASTER EXPENSE 2,976 BANK CHARGES 50 COMMUNITY OUTREACH 1,515 CHAMBER DUES 300 INTUIT/ONLINE PAYROLL 935 DUES & SUBSCRIPTIONS 115 TOTAL 34,932
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CITI CC 724 617 PAYROLL LIABILITIES 1,004 1,773 OTHER LIABILITIES 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAMS 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 EXPOSURES 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 I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0XIN SHAO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASIAN AMERICAN CHAMBER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF COMMERCE INC
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ReturnHeader/Filer/EIN0264082119
ReturnHeader/Filer/USAddress/AddressLine1Txt08300 BOONE BLVD STE 450
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ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-13
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ReturnHeader/ReturnTs02018-11-14T11:52:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings