Civic Intelligence

Apex Fund for Economic Opportunities

EIN 83-1400463 • 501(c)3 • Akron, OH

Pub. 78 Eligible990-N CoverageNTEE S30

Profile

To foster financial independence and community integration by offering microloans, business support services, and financial literacy education.

370 E Market StreetAkron, OH 44304

n/A

Siviq Scores

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

Liabilities / Assets

76th percentile

0.18x

Higher debt load relative to assets than 76% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.15x

Higher debt load relative to revenue than 79% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2024

Net Margin

83rd percentile

57%

Higher net margin than 83% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2024

Top Officer Pay

88th percentile

$36,796

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

NTEE S30 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets76th percentile

Assets

$337,964

No earlier filing loaded for comparison.

Liabilities

$60,575

No earlier filing loaded for comparison.

Net Assets

$277,389

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue79th percentileNet Margin83rd percentile

Revenue

$405,224

No earlier filing loaded for comparison.

Expenses

$172,350

No earlier filing loaded for comparison.

Net Income

$232,874

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2024: $337,964Liabilities 2024: $60,575Net Assets 2024: $277,3892024

Highlighted filing

2024

Assets$337,964
Liabilities$60,575
Net Assets$277,389
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0Revenue 2024: $405,224Expenses 2024: $172,350Net Income 2024: $232,8742024

Highlighted filing

2024

Revenue$405,224
Expenses$172,350
Net Income$232,874
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$337,964
Liabilities
$60,575
Net assets
$277,389
Revenue
$405,224
Expenses
$172,350
Net income
$232,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.38$0.61$2.77$4.05$1.72$2.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$405,224
Mission and Program Overview

Mission

To foster financial independence and community integration by offering microloans, business support services, and financial literacy education.

Empowering refugees and immigrants by offering microloans and business support services

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$169,552$260,681▲ $91,129
Pledges and Grants Receivable-$10,044-
Total Assets$252,562$337,964▲ $85,402
Other Assets Total$83,010$67,239▼ $15,771
Liabilities
Unsecured Notes Loans Payable$82,230--
Other Liabilities$55,817$55,837▲ $20
Deferred Revenue$70,000$3,915▼ $66,085
Accounts Payable and Accrued Expenses-$823-
Total Liabilities$208,047$60,575▼ $147,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,515$277,389▲ $247,874
Net Assets With Donor Restrictions$15,000$0▼ $15,000
Total Net Assets Fund Balance$44,515$277,389▲ $232,874
Total Liabilities and Net Assets / Fund Balance$252,562$337,964▲ $85,402

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$67,239--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan WongExecutive DirectorPT$33,204$3,592$36,796

Board Members and Trustees

NameTitle
Bhupati PradhanPresident
Rot SornBoard Member
Serena LuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$394,353
Program Service Revenue
$5,181
Investment Income
$5,690
Other Revenue
$0
All Other Contributions
$274,818
Change in Net Assets
$232,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$405,224
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$405,224
Total Revenue per Form 990
$405,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,425
Salaries, Compensation, and Employee Benefits$80,925
Grants and Similar Amounts Paid$5,000
Total Fundraising Expense$4,076
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,855$1,936$1,936$38,727
Fees for Services Other$29,680$8,062-$37,742
Other Salaries and Wages$30,838$1,648$1,648$34,134
Conferences and Meetings$6,563--$6,563
Payroll Taxes$5,189$283$283$5,755
Grants to Domestic Individuals$5,000--$5,000
Interest$3,031--$3,031
Other Expenses$2,978--$2,978
Other Employee Benefits$2,080$113$113$2,306
Office Expenses$1,740$97$96$1,933
Occupancy$776--$776
Travel$739--$739
Advertising$528--$528
Insurance-$135-$135
Pension Plan Contributions$3--$3
Total Functional Expenses$156,000$12,274$4,076$172,350

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$172,350
Total Expenses per Audited Statements$172,350
Total Expenses per Form 990$172,350
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to ASIA$55,837
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 A, line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is emailed to the board members to review before filing.”

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

“The organization has a conflict of interest policy which covers the staff, volunteers, interns and board members. An annual conflict of interest form is signed. The CEO determines if a conflict of interest exists. The board determines if there are any restrictions for a person with a conflict.”

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

“The Executive Director is compensated by Asian Services in Action (ASIA), an unrelated organization, for services to the Organization. The Executive Director's Compensation is reviewed and determined by the CEO of ASIA. Compensation is reviewed on an annual basis. Staff performance and the financial situation of ASIA are used to determine the compensation amount. Comparability data is also referenced.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Apex Fund for Economic Opportunities
EIN
83-1400463
Phone
3305353263
Address
370 E Market Street, Akron, OH 44304

Signing Officer

Name
Susan Wong
Title
Executive Director
Phone
3305353263
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Wong
Formed
2020
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Eide Bailly LLP
Address
4585 Coleman St Ste 200, Bismarck, ND 58503
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Contracted Services: Program service expenses 29,680. Management and general expenses 7,981. Fundraising expenses 0. Total expenses 37,661. Professional Fees: Program service expenses 0. Management and general expenses 81. Fundraising expenses 0. Total expenses 81.”

Financial Statement Notes

Part X, Line 2:

“APEX believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. APEX would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 412 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0APEX believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. APEX would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt033204
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Susan Wong
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt036796
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Susan Wong, Executive Director, is compensated by an unrelated organization, Asian Services in Action (ASIA), for her services to the Organization. The Organization reimburses ASIA for the compensation and benefit amounts. ASIA issues a W-2 to Susan.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is emailed to the board members to review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has a conflict of interest policy which covers the staff, volunteers, interns and board members. An annual conflict of interest form is signed. The CEO determines if a conflict of interest exists. The board determines if there are any restrictions for a person with a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director is compensated by Asian Services in Action (ASIA), an unrelated organization, for services to the Organization. The Executive Director's Compensation is reviewed and determined by the CEO of ASIA. Compensation is reviewed on an annual basis. Staff performance and the financial situation of ASIA are used to determine the compensation amount. Comparability data is also referenced.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Contracted Services: Program service expenses 29,680. Management and general expenses 7,981. Fundraising expenses 0. Total expenses 37,661. Professional Fees: Program service expenses 0. Management and general expenses 81. Fundraising expenses 0. Total expenses 81.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04076
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012274
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172350
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0208047
IRS990/TotalLiabilitiesEOYAmt060575
IRS990/TotalLiabilitiesGrp/BOYAmt0208047
IRS990/TotalLiabilitiesGrp/EOYAmt060575
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt044515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0277389
IRS990/TotalOtherCompensationAmt03592
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt05181
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05181
IRS990/TotalProgramServiceExpensesAmt0156000
IRS990/TotalProgramServiceRevenueAmt05181
IRS990/TotalReportableCompFromOrgAmt033204
IRS990/TotalRevenueGrp/ExclusionAmt05690
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05181
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0405224
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0252562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0337964
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0739
IRS990/TravelGrp/TotalAmt0739
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt082230
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0370 E Market Street
IRS990/USAddress/CityNm0Akron
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044304
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Susan Wong
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03305353263
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Apex Fund for Economic Opportunities
ReturnHeader/Filer/BusinessNameControlTxt0APEX
ReturnHeader/Filer/EIN0831400463
ReturnHeader/Filer/PhoneNum03305353263
ReturnHeader/Filer/USAddress/AddressLine1Txt0370 E Market Street
ReturnHeader/Filer/USAddress/CityNm0Akron
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044304
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eide Bailly LLP

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