Civic Intelligence

Aapi Victory Power Fund

EIN 88-2179930 • 501(c)4 • Chicago, IL

Profile

The aapi victory fund engages and empowers aanhpi voters at all levels of the ballot. We fight to elect progressive candidates to office while elevating and building our community political and cultural power.

2045 W Grand Avenue Ste B No-31638Chicago, IL 60612

www.aapivictoryfund.com

Siviq Scores

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

Liabilities / Assets

96th percentile

1.06x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

7th percentile

-25%

Faster asset growth than 7% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

95th percentile

183%

Faster revenue growth than 95% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$4,433

Down $36,955 (-89%) from 2023

Liabilities

Up

$4,706

Up $4,706 from 2023

Net Assets

Down

-$273

Down $41,661 (-101%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin29th percentile

Revenue

Up

$3,343,568

Up $3,223,568 (+2686%) from 2023

Expenses

Up

$3,385,229

Up $3,298,830 (+3818%) from 2023

Net Income

Down

-$41,661

Down $75,262 (-224%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$60K$40K$20K$0-$20KAssets 2022: $7,787Liabilities 2022: $0Net Assets 2022: $7,7872022Assets 2023: $41,388Liabilities 2023: $0Net Assets 2023: $41,3882023Assets 2024: $4,433Liabilities 2024: $4,706Net Assets 2024: -$2732024

Highlighted filing

2024

Assets$4,433
Liabilities$4,706
Net Assets-$273
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2022: $416,379Expenses 2022: $408,592Net Income 2022: $7,7872022Revenue 2023: $120,000Expenses 2023: $86,399Net Income 2023: $33,6012023Revenue 2024: $3,343,568Expenses 2024: $3,385,229Net Income 2024: -$41,6612024

Highlighted filing

2024

Revenue$3,343,568
Expenses$3,385,229
Net Income-$41,661
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,433
Liabilities
$4,706
Net assets
-$273
Revenue
$3,343,568
Expenses
$3,385,229
Net income
-$41,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$3.34$3.39$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.12$0.09$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.42$0.41$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$3,343,568
Mission and Program Overview

Mission

The aapi victory fund engages and empowers aanhpi voters at all levels of the ballot. We fight to elect progressive candidates to office while elevating and building our community political and cultural power.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,388$4,433▼ $36,955
Total Assets$41,388$4,433▼ $36,955
Liabilities
Accounts Payable and Accrued Expenses-$4,706-
Total Liabilities$0$4,706▲ $4,706
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,388$-273▼ $41,661
Total Net Assets Fund Balance$41,388$-273▼ $41,661
Total Liabilities and Net Assets / Fund Balance$41,388$4,433▼ $36,955
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Shekar NarasimhanChairman Treasurer
Joe NguyenPresident CEO
Bel Leong-longSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
The Outreach TeamVoter Outreach407 COLLEGE AVENUE ST 349, Ithaca, NY 14850$350,000
The Cdm Collective LLCEvent Production20100 SHOALS COUT, Clinton Township, MI 48038$233,551
3bg Marketing SolutionsTalent BookingPO BOX 71, Folcroft, PA 19032$159,563
Brandon PankeyEvent Production2 LEVERINGTON AVENUE PH11, Philadelphia, PA 19127$150,000
Black Flower LLCEvent Production172 W 127TH STREET, New York, NY 10027$133,576
Revenue and Support

Revenue Composition

Contributions and Grants
$3,343,568
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,343,568
Change in Net Assets
$-41,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,343,568
Total Revenue per Audited Statements
$3,343,568
Total Revenue per Form 990
$3,343,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,965,123
Grants and Similar Amounts Paid$420,106
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$420,106--$420,106
Travel$303,707--$303,707
Advertising$61,430--$61,430
Other Expenses$33,703--$33,703
Office Expenses-$22,266-$22,266
Fees for Services Accounting-$14,904-$14,904
Insurance-$1,082-$1,082
Fees for Services Legal-$262-$262
Total Functional Expenses$3,346,715$38,514$0$3,385,229

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,385,229
Total Expenses per Audited Statements$3,385,229
Total Expenses per Form 990$3,385,229
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aapi Victory Fund IncWashington, DC527-$420,000
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 form 990 is reviewed by the organization before it is filed with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Aapi Victory Power Fund
EIN
88-2179930
Phone
7083658003
Address
2045 W GRAND AVENUE STE B NO-31638, CHICAGO, IL 60612

Signing Officer

Name
Shekar Narasimhan
Title
Treasurer
Phone
7083658003
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shekar Narasimhan
Formed
2022
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Organization mission the aapi victory power fund engages and empowers aanhpi leaders at all levels of the ballot. We fight to support progressive voices while elevating and building our community political and cultural power”

Financial Statement Notes

X 2

“The organization is exempt from federal and state income taxes under internal revenue code section 501c4. The federal form 990, return of organization exempt from income tax, is subject to examination by the internal revenue service, generally for the three years after it is filed.”

Raw XML Appendix368 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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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1216000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AAPI VICTORY FUND INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AAPI VICTORY FUND INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1c
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt041388
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IRS990/TotalAssetsGrp/BOYAmt041388
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03343568
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03346715
IRS990/TotalFunctionalExpensesGrp/TotalAmt03385229
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt041388
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IRS990/TravelGrp/ProgramServicesAmt0303707
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02045 W GRAND AVENUE STE B NO-31638
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IRS990/WebsiteAddressTxt0HTTPS://WWW.AAPIVICTORYFUND.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHEKAR NARASIMHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07083658003
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AAPI VICTORY POWER FUND
ReturnHeader/Filer/BusinessNameControlTxt0AAPI
ReturnHeader/Filer/EIN0882179930
ReturnHeader/Filer/PhoneNum07083658003
ReturnHeader/Filer/USAddress/AddressLine1Txt02045 W GRAND AVENUE STE B NO-31638
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821650312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alta CPA Group
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt059 Franklin St 2nd Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Annapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021401
ReturnHeader/PreparerPersonGrp/PhoneNum04103495101
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Griffith
ReturnHeader/ReturnTs02025-11-13T03:50:00-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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