Civic Intelligence

Aapi Equity Alliance

EIN 71-0879827 • 501(c)3 • Los Angeles, CA

Profile

Aapi equity alliance is a coalition of community-based organizations that advocates for the rights and needs of the asian and pacific islander (api) community in the greater los angeles area, with particular focus on low-income, immigrant, refugee and other vulnerable populations.

905 East 8th StreetLos Angeles, CA 90021

www.aapiequityalliance.org

Siviq Scores

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

Liabilities / Assets

84th percentile

0.56x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

33rd percentile

-2.7%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

52%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$5,299,025

Up $2,232,779 (+73%) from 2023

Liabilities

Up

$3,159,589

Up $1,535,695 (+95%) from 2023

Net Assets

Up

$2,139,436

Up $697,084 (+48%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin33rd percentile

Revenue

Up

$19,869,989

Up $13,732,701 (+224%) from 2023

Expenses

Up

$19,172,905

Up $12,984,933 (+210%) from 2023

Net Income

Up

$697,084

Up $747,768 (+1475%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $192,170Liabilities 2011: $70,344Net Assets 2011: $121,8262011Assets 2012: $126,085Liabilities 2012: $7,766Net Assets 2012: $118,3192012Assets 2013: $157,841Liabilities 2013: $8,250Net Assets 2013: $149,5912013Assets 2014: $147,621Liabilities 2014: $551Net Assets 2014: $147,0702014Assets 2015: $111,875Liabilities 2015: $0Net Assets 2015: $111,8752015Assets 2016: $132,225Liabilities 2016: $3,463Net Assets 2016: $128,7622016Assets 2017: $174,318Liabilities 2017: $1,734Net Assets 2017: $172,5842017Assets 2018: $146,522Liabilities 2018: $5,725Net Assets 2018: $140,7972018Assets 2019: $299,029Liabilities 2019: $20,688Net Assets 2019: $278,3412019Assets 2020: $1,002,849Liabilities 2020: $556,113Net Assets 2020: $446,7362020Assets 2021: $2,207,585Liabilities 2021: $595,879Net Assets 2021: $1,611,7062021Assets 2022: $3,355,495Liabilities 2022: $1,862,459Net Assets 2022: $1,493,0362022Assets 2023: $3,066,246Liabilities 2023: $1,623,894Net Assets 2023: $1,442,3522023Assets 2024: $5,299,025Liabilities 2024: $3,159,589Net Assets 2024: $2,139,4362024

Highlighted filing

2024

Assets$5,299,025
Liabilities$3,159,589
Net Assets$2,139,436
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $280,0282011Expenses 2012: $365,3472012Revenue 2013: $226,098Expenses 2013: $161,016Net Income 2013: $65,0822013Revenue 2014: $252,999Expenses 2014: $173,008Net Income 2014: $79,9912014Revenue 2015: $223,398Expenses 2015: $111,523Net Income 2015: $111,8752015Revenue 2016: $245,430Expenses 2016: $184,197Net Income 2016: $61,2332016Revenue 2017: $278,413Expenses 2017: $173,356Net Income 2017: $105,0572017Revenue 2018: $90,839Expenses 2018: $132,182Net Income 2018: -$41,3432018Revenue 2019: $311,444Expenses 2019: $174,091Net Income 2019: $137,3532019Revenue 2020: $575,638Expenses 2020: $407,938Net Income 2020: $167,7002020Revenue 2021: $3,638,183Expenses 2021: $2,473,214Net Income 2021: $1,164,9692021Revenue 2022: $4,392,434Expenses 2022: $4,511,104Net Income 2022: -$118,6702022Revenue 2023: $6,137,288Expenses 2023: $6,187,972Net Income 2023: -$50,6842023Revenue 2024: $19,869,989Expenses 2024: $19,172,905Net Income 2024: $697,0842024

Highlighted filing

2024

Revenue$19,869,989
Expenses$19,172,905
Net Income$697,084
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,299,025
Liabilities
$3,159,589
Net assets
$2,139,436
Revenue
$19,869,989
Expenses
$19,172,905
Net income
$697,084
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.30$3.16$2.14$19.9$19.2$0.70
2023Detailed filing. Detailed filing data is available for this year.$3.07$1.62$1.44$6.14$6.19$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$1.86$1.49$4.39$4.51$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.21$0.60$1.61$3.64$2.47$1.16
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.56$0.45$0.58$0.41$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.28$0.31$0.17$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.09$0.13$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.28$0.17$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.25$0.18$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.22$0.11$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.25$0.17$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.01$0.15$0.23$0.16$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.01$0.12$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.07$0.12$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$19,869,989
Mission and Program Overview

Mission

Asian Pacific Policy and Planning Council (A3PCON) is a coalition

Aapi equity alliance is a coalition of community-based organizations that advocates for the rights and needs of the asian and pacific islander (api) community in the greater los angeles area, with particular focus on low-income, immigrant, refugee and other vulnerable populations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$4,217,603-
Pledges and Grants Receivable$1,192,793$930,746▼ $262,047
Cash and Non-Interest-Bearing Accounts$1,859,046$138,146▼ $1,720,900
Prepaid Expenses and Deferred Charges$9,729$12,428▲ $2,699
Accounts Receivable$4,678$102▼ $4,576
Total Assets$3,066,246$5,299,025▲ $2,232,779
Liabilities
Deferred Revenue$484,492$1,998,134▲ $1,513,642
Accounts Payable and Accrued Expenses$1,139,402$1,161,455▲ $22,053
Total Liabilities$1,623,894$3,159,589▲ $1,535,695
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$764,537$1,367,540▲ $603,003
Net Assets With Donor Restrictions$677,815$771,896▲ $94,081
Total Net Assets Fund Balance$1,442,352$2,139,436▲ $697,084
Total Liabilities and Net Assets / Fund Balance$3,066,246$5,299,025▲ $2,232,779
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Manjusha KulkarniExecutive DirectorFT$189,617$13,297$202,914
Norbert K TanDeputy DirectorFT$170,467$7,811$178,278
Candice ChoManaging Director of Policy and CounselFT$135,500$11,597$147,097
Michelle WongManaging Director of ProgramsFT$135,500$5,195$140,695
Darin TokunagaDirector of Finance and AdministrationFT$125,500$6,526$132,026
Kiran BhallaProject ManagerFT$120,031$11,239$131,270
Hoang NyugenDirector of External AffairsFT$115,308$10,671$125,979

Board Members and Trustees

NameTitle
Rachelle ArizmendiPresident
Grant SunooVice President
Estella Owoimaha-churchBoard Member
Eunice SongBoard Member
Linda AkutagawaBoard Member
Kimmy ManiquisSecretary
Shakeel SyedTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Saw Research And ConsultingTransformative Grant Consultant845 W COVE WAY, Sacramento, CA 95831$167,200
Nakatomi AssociatesCommunications Consultant2330 WESTWOOD BLVD SUITE 101, Los Angeles, CA 90064$104,123
Revenue and Support

Revenue Composition

Contributions and Grants
$19,783,678
Program Service Revenue
$0
Investment Income
$74,511
Other Revenue
$11,800
All Other Contributions
$1,400,449
Change in Net Assets
$697,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,869,989
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$19,869,989
Total Revenue per Form 990
$19,869,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,396,055
Salaries, Compensation, and Employee Benefits$1,774,450
Total Fundraising Expense$111,307
Grants and Similar Amounts Paid$2,400
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,080,745-$53,871$1,134,616
Fees for Services Other$225,048$218,431$47,468$490,947
Current Officers, Directors, Trustees, and Key Employees$356,171$67,842-$424,013
Conferences and Meetings$75,354$54,549$374$130,277
Payroll Taxes$109,293$1,960$3,618$114,871
Other Employee Benefits$57,786-$2,115$59,901
Pension Plan Contributions$39,256-$1,793$41,049
Occupancy-$15,371$591$15,962
Office Expenses$8,226$5,261$295$13,782
Insurance-$12,356$517$12,873
Other Expenses$7,441$900$665$8,341
All Other Expenses$6,757$1,081-$7,838
Grants to Domestic Individuals$2,400--$2,400
Total Functional Expenses$18,655,758$405,840$111,307$19,172,905

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,172,905
Total Expenses per Audited Statements$19,172,905
Total Expenses per Form 990$19,172,905
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
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, Section B, Line 11B

“The tax returns are reviewed by the executive director and the treasurer for accuracy. They are presented to the board once finalized for approval.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is included in the staff handbook of policy and procedures. The handbook is reviewed periodically.”

Form 990, Part VI, Section B, Line 15A

“The compensation of the executive director is reviewed and approved on an annual basis by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Aapi Equity Alliance
EIN
71-0879827
Phone
2132390300
Address
905 EAST 8TH STREET, LOS ANGELES, CA 90021
Doing Business As
Asian Pacific Policy & Planning Council

Signing Officer

Name
Manjusha P Kulkarni
Title
Executive Director
Phone
2132390300
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Manjusha P Kulkarni
Formed
1976
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
0

Preparer

Firm
Gyl Llp
Address
4120 CONCOURS SUITE 100, ONTARIO, CA 91764
Preparer
Joseph Romero CPA
Phone
9099489990
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“U.s. Gaap provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the organization in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The organization's returns are subject to examination by federal and state taxing authorities, generally for four years after they are filed.”

Raw XML AppendixShowing 400 of 543 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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IRS990/ActivityOrMissionDesc0AAPI EQUITY ALLIANCE IS A COALITION OF COMMUNITY-BASED ORGANIZATIONS THAT ADVOCATES FOR THE RIGHTS AND NEEDS OF THE ASIAN AND PACIFIC ISLANDER (API) COMMUNITY IN THE GREATER LOS ANGELES AREA, WITH PARTICULAR FOCUS ON LOW-INCOME, IMMIGRANT, REFUGEE AND OTHER VULNERABLE POPULATIONS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF EXTERNAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF FINANCE AND ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt13MANAGING DIRECTOR OF PROGRAMS
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