Civic Intelligence

Aapi Victory Power Fund

990 • Fiscal year 2022 • EIN 88-2179930

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 06, 2023

Organization Profilewww.aapivictoryfund.com
2045 W Grand Avenue Ste B No-31638Chicago, IL 60612

(205) 310-0725

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

45th percentile

1.9%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

$7,787

No earlier filing loaded for comparison.

Net Assets

$7,787

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin45th percentile

Revenue

$416,379

No earlier filing loaded for comparison.

Expenses

$408,592

No earlier filing loaded for comparison.

Net Income

$7,787

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2022

Assets$7,787
Liabilities$0
Net Assets$7,787
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$416,379
Expenses$408,592
Net Income$7,787
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 6, 2023
Return Version
2022v5.0
Gross Receipts
$416,379
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$7,787-
Total Assets$0$7,787▲ $7,787
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$7,787-
Total Net Assets Fund Balance$0$7,787▲ $7,787
Total Liabilities and Net Assets / Fund Balance$0$7,787▲ $7,787
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Brad JenkinsPresident
Bel Leong HongSecretary
Shekar NarasimhanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$416,379
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$416,379
Change in Net Assets
$7,787
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$408,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$99,540--$99,540
Travel$57,452$14,363-$71,815
Fees for Services Legal$9,687$2,422-$12,109
Fees for Services Accounting$5,600$1,400-$7,000
Other Expenses$5,000--$5,000
Office Expenses$1,530$383-$1,913
Total Functional Expenses$390,024$18,568$0$408,592
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$5,000
Section 527 Activity Spending$5,000
Total Exempt Function Spending$5,000

Section 527 Organizations

OrganizationLocationAmount
85-2059135Los Altos Hill, CA$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 11

“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
2053100725
Address
2045 W GRAND AVENUE STE B NO-31638, CHICAGO, IL 60612

Signing Officer

Name
Shekar Narasimhan
Title
Treasurer
Phone
2053100725
Signed
2023-06-06
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
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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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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,787
Liabilities
$0
Net assets
$7,787
Revenue
$416,379
Expenses
$408,592
Net income
$7,787
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