Civic Intelligence

Asian Inc.

990 • Fiscal year 2014 • EIN 94-1753170

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 25, 2015

Organization Profilewww.asianinc.org
1167 Mission Street 4th FloorSan Francisco, CA 94103

(415) 928-5910

Siviq Scores

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

Liabilities / Assets

84th percentile

0.74x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

2.13x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

26th percentile

-3.7%

Higher net margin than 26% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

55th percentile

$128,314

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

66th percentile

7.9%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$9,145,415

Up $672,774 (+7.9%) from 2013

Net Assets

Down

$2,332,631

Down $119,770 (-4.9%) from 2013

Liabilities

Up

$6,812,784

Up $792,544 (+13%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin26th percentile

Revenue

Up

$3,197,781

Up $362,069 (+13%) from 2013

Expenses

Up

$3,317,662

Up $150,354 (+4.7%) from 2013

Net Income

Up

-$119,881

Up $211,715 (+64%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$15M$10M$5.0M$0Assets 2010: $5,945,066Liabilities 2010: $3,810,164Net Assets 2010: $2,134,9022010Assets 2011: $9,554,677Liabilities 2011: $6,087,435Net Assets 2011: $3,467,2422011Assets 2012: $8,849,622Liabilities 2012: $5,768,441Net Assets 2012: $3,081,1812012Assets 2013: $8,472,641Liabilities 2013: $6,020,240Net Assets 2013: $2,452,4012013Assets 2014: $9,145,415Liabilities 2014: $6,812,784Net Assets 2014: $2,332,6312014Assets 2015: $7,305,375Liabilities 2015: $4,416,487Net Assets 2015: $2,888,8882015Assets 2016: $9,036,099Liabilities 2016: $5,744,661Net Assets 2016: $3,291,4382016Assets 2017: $8,638,078Liabilities 2017: $5,518,235Net Assets 2017: $3,119,8432017Assets 2018: $8,637,930Liabilities 2018: $5,317,253Net Assets 2018: $3,320,6772018Assets 2019: $8,818,957Liabilities 2019: $5,243,304Net Assets 2019: $3,575,6532019Assets 2020: $10,510,576Liabilities 2020: $6,160,985Net Assets 2020: $4,349,5912020Assets 2021: $12,344,249Liabilities 2021: $6,616,310Net Assets 2021: $5,727,9392021Assets 2022: $13,642,103Liabilities 2022: $7,573,221Net Assets 2022: $6,068,8822022Assets 2023: $13,830,227Liabilities 2023: $7,483,361Net Assets 2023: $6,346,8662023Assets 2024: $14,814,259Liabilities 2024: $7,260,354Net Assets 2024: $7,553,9052024

Highlighted filing

2014

Assets$9,145,415
Liabilities$6,812,784
Net Assets$2,332,631
Open 2014 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $2,441,588Expenses 2010: $2,263,947Net Income 2010: $177,6412010Revenue 2011: $3,670,752Expenses 2011: $3,170,660Net Income 2011: $500,0922011Revenue 2012: $3,393,828Expenses 2012: $3,544,391Net Income 2012: -$150,5632012Revenue 2013: $2,835,712Expenses 2013: $3,167,308Net Income 2013: -$331,5962013Revenue 2014: $3,197,781Expenses 2014: $3,317,662Net Income 2014: -$119,8812014Revenue 2015: $3,381,551Expenses 2015: $3,229,827Net Income 2015: $151,7242015Revenue 2016: $3,532,087Expenses 2016: $3,129,537Net Income 2016: $402,5502016Revenue 2017: $3,253,236Expenses 2017: $3,166,332Net Income 2017: $86,9042017Revenue 2018: $3,334,886Expenses 2018: $3,087,839Net Income 2018: $247,0472018Revenue 2019: $3,628,497Expenses 2019: $3,373,521Net Income 2019: $254,9762019Revenue 2020: $4,378,715Expenses 2020: $3,604,777Net Income 2020: $773,9382020Revenue 2021: $4,897,792Expenses 2021: $3,519,444Net Income 2021: $1,378,3482021Revenue 2022: $4,447,185Expenses 2022: $4,072,368Net Income 2022: $374,8172022Revenue 2023: $4,287,646Expenses 2023: $4,009,662Net Income 2023: $277,9842023Revenue 2024: $5,561,637Expenses 2024: $4,381,533Net Income 2024: $1,180,1042024

Highlighted filing

2014

Revenue$3,197,781
Expenses$3,317,662
Net Income-$119,881
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 25, 2015
Return Version
2014v5.0
Gross Receipts
$5,129,309
Mission and Program Overview

Mission

The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education.

The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education. The most significant activities include technical assistance and research for strengthening the infrastructures of Asian American communities in Northern California and to assist in their physical, economic, and social development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,243,166$3,769,311▲ $1,526,145
Other Notes and Loans Receivable, Net$2,360,179$2,286,954▼ $73,225
Accounts Receivable$118,825$811,921▲ $693,096
Cash and Non-Interest-Bearing Accounts$161,002$619,980▲ $458,978
Prepaid Expenses and Deferred Charges$28,022$43,871▲ $15,849
Savings and Temporary Cash Investments$1,045,585$22,336▼ $1,023,249
Total Assets$8,472,641$9,145,415▲ $672,774
Other Assets Total$2,515,862$1,591,042▼ $924,820
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,407,857$3,776,501▲ $368,644
Other Liabilities$1,028,575$1,124,375▲ $95,800
Grants Payable$1,035,500$1,035,500→ $0
Accounts Payable and Accrued Expenses$376,728$830,682▲ $453,954
Escrow Account Liability$171,580$45,726▼ $125,854
Total Liabilities$6,020,240$6,812,784▲ $792,544
Net Assets / Fund Balance
Unrestricted Net Assets$2,081,525$1,961,755▼ $119,770
Temporarily Rstr Net Assets$370,876$370,876→ $0
Total Net Assets Fund Balance$2,452,401$2,332,631▼ $119,770
Total Liabilities and Net Assets / Fund Balance$8,472,641$9,145,415▲ $672,774

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,776,560$460,941$3,237,501
Land$983,492-$983,492
Equipment$9,259$60,102$69,361
Other Assets Org$54,000--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael A ChanPresidentFT$114,000$14,314$128,314
Herbert QuanVP of OperationsFT$82,000$9,840$91,840
Sari J KaretAdministrative DirectorFT$45,000$5,400$50,400

Board Members and Trustees

NameTitle
Frank FungChair
Fiona MaVice-Chair
Christina CiuBoard Member
Jonathan LeongBoard Member
Richard CerbatosBoard Member
Robert LoBoard Member
Steven DoiBoard Member
Yihou HanBoard Member
Dong LiFinancial Director
Gregory MarutaniSecretary
Shirley TanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$361,060
Program Service Revenue
$2,506,335
Investment Income
$1,565
Other Revenue
$328,821
All Other Contributions
$208,695
Change in Net Assets
$-119,881

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table11$38,200Fair Market Value (FMV)
Total Noncash Contributions11$38,200-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,321,146
Other Expenses$996,516
Total Fundraising Expense$83,974
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,126,911$481,795$48,608$1,657,314
Current Officers, Directors, Trustees, and Key Employees$113,625$156,929-$270,554
Occupancy$170,165$87,844$6,780$264,789
Other Employee Benefits$144,605$80,119$6,536$231,260
Fees for Services Other$158,115$6,964$6,300$171,379
Payroll Taxes$75,676$39,066$3,015$117,757
Interest$72,899$37,633$2,905$113,437
Depreciation Depletion$51,409$26,538$2,048$79,995
Travel$49,910$25,765$1,989$77,664
Fees for Services Accounting-$50,250-$50,250
Pension Plan Contributions$30,850$12,135$1,276$44,261
Office Expenses$18,241$9,416$727$28,384
Other Expenses$16,064$8,293$640$24,997
Fees for Services Legal-$24,410-$24,410
Insurance$15,267$7,881$608$23,756
All Other Expenses$4,644$2,398$185$7,227
Total Functional Expenses$2,145,722$1,087,966$83,974$3,317,662
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$67,120
Fundraising Gross Income$67,120
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$219,485$67,120$67,120$0
Total Events$219,485$67,120$67,120$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shirley TanBoard TreasurerAsian Inc. purchased 36.56% of membership interest of 1167 Mission LLC from Board TreasurerNo$448,686
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance from related parties$946,575
Lines of credit$177,800
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 family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The outside, independent CPA prepares the Form 990. The Board Members review the Form 990 before filing it.”

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

“The conflict of interest policy is monitored by the Board. The Board meetings are held once a month.”

Form 990, Part VI, Section B, line 15

“The compensation of the top management official (the President) is determined, reviewed and approved by the Board. The other officers or key employees' compensations are determined, reviewed and approved by the President.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Asian Inc
EIN
94-1753170
Phone
4159285910
Address
1167 Mission Street 4th Floor, San Francisco, CA 94103

Signing Officer

Name
Michael Chan
Title
President
Phone
4159285910
Signed
2015-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Chan
Formed
1971
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
58
Volunteers
0

Preparer

Firm
Harrington Group CPAs LLP
Address
234 East Colorado Blvd Suite M150, Pasadena, CA 91101
Preparer
Tonetta L Conner CPA
Phone
6264036801
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“ASIAN, Inc. and its nonprofit Affiliates NHRC II, NHRC III, NHCR IV, Minna Inc., Van Ness Inc., Natoma Inc., and O'Farrell Inc. are exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. The limited partnerships: Natoma LP, Van Ness LP, Minna LP, Turk LP, Lassen LP, and Post LP, are pass-through entities not subject to income taxation except for the annual California limited partnership fee of $800. All taxable income, deductions, and tax credits are passed to, and are reportable by the partners individually. In 2013, the partnerships paid $5,600 in California limited partnership fees. Generally accepted accounting principles 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 ASIAN, Inc. in its federal and state tax returns are more likely than not to be sustained upon examination. ASIAN, Inc.'s respective returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.”

Raw XML AppendixShowing 400 of 765 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/Form990PartVIISectionAGrp/PersonNm1Fiona Ma
IRS990/Form990PartVIISectionAGrp/PersonNm2Gregory Marutani
IRS990/Form990PartVIISectionAGrp/PersonNm3Shirley Tan
IRS990/Form990PartVIISectionAGrp/PersonNm4Richard Cerbatos
IRS990/Form990PartVIISectionAGrp/PersonNm5Steven Doi
IRS990/Form990PartVIISectionAGrp/PersonNm6Christina Ciu
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IRS990/Form990PartVIISectionAGrp/PersonNm8Jonathan Leong
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IRS990/Form990PartVIISectionAGrp/PersonNm10Michael A Chan
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IRS990/Form990PartVIISectionAGrp/PersonNm12Sari J Karet
IRS990/Form990PartVIISectionAGrp/PersonNm13Herbert Quan
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Financial Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Administrative Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP of Operations
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0152365
IRS990/FundraisingDirectExpensesAmt067120
IRS990/FundraisingGrossIncomeAmt067120
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsPayableGrp/BOYAmt01035500
IRS990/GrantsPayableGrp/EOYAmt01035500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05129309
IRS990/GrossRentsGrp/RealAmt084608
IRS990/GrossSalesOfInventoryAmt01903000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0608
IRS990/InsuranceGrp/ManagementAndGeneralAmt07881
IRS990/InsuranceGrp/ProgramServicesAmt015267
IRS990/InsuranceGrp/TotalAmt023756
IRS990/InterestGrp/FundraisingAmt02905
IRS990/InterestGrp/ManagementAndGeneralAmt037633
IRS990/InterestGrp/ProgramServicesAmt072899
IRS990/InterestGrp/TotalAmt0113437
IRS990/InvestmentIncomeGrp/ExclusionAmt01565
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01565
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0521043
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02243166
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03769311
IRS990/LandBldgEquipCostOrOtherBssAmt04290354
IRS990/LegalDomicileStateCd0CA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03407857
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03776501
IRS990/NetAssetsOrFundBalancesBOYAmt02452401
IRS990/NetAssetsOrFundBalancesEOYAmt02332631
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt038592
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt038592
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt028928
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt084608
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt055680
IRS990/NetUnrelatedBusTxblIncmAmt010
IRS990/NoncashContributionsAmt038200
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06780
IRS990/OccupancyGrp/ManagementAndGeneralAmt087844
IRS990/OccupancyGrp/ProgramServicesAmt0170165
IRS990/OccupancyGrp/TotalAmt0264789
IRS990/OfficeExpensesGrp/FundraisingAmt0727
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09416
IRS990/OfficeExpensesGrp/ProgramServicesAmt018241
IRS990/OfficeExpensesGrp/TotalAmt028384
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02515862
IRS990/OtherAssetsTotalGrp/EOYAmt01591042
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06536
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt080119
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0144605
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0231260
IRS990/OtherExpensesGrp/Desc0Property/other taxes
IRS990/OtherExpensesGrp/Desc1In-Kind Expense
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/FundraisingAmt01417
IRS990/OtherExpensesGrp/FundraisingAmt1940
IRS990/OtherExpensesGrp/FundraisingAmt2640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018353
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112177
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28293
IRS990/OtherExpensesGrp/ProgramServicesAmt035552
IRS990/OtherExpensesGrp/ProgramServicesAmt138200
IRS990/OtherExpensesGrp/ProgramServicesAmt223589
IRS990/OtherExpensesGrp/ProgramServicesAmt316064
IRS990/OtherExpensesGrp/TotalAmt055322
IRS990/OtherExpensesGrp/TotalAmt138200
IRS990/OtherExpensesGrp/TotalAmt236706
IRS990/OtherExpensesGrp/TotalAmt324997
IRS990/OtherLiabilitiesGrp/BOYAmt01028575
IRS990/OtherLiabilitiesGrp/EOYAmt01124375
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt0205621
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0205621
IRS990/OtherRevenueTotalAmt0205621
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048608
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0481795
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01126911
IRS990/OtherSalariesAndWagesGrp/TotalAmt01657314
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02360179
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02286954
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03015
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039066
IRS990/PayrollTaxesGrp/ProgramServicesAmt075676
IRS990/PayrollTaxesGrp/TotalAmt0117757
IRS990/PensionPlanContributionsGrp/FundraisingAmt01276
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012135
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030850
IRS990/PensionPlanContributionsGrp/TotalAmt044261
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028022
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043871
IRS990/PrincipalOfficerNm0Michael Chan
IRS990/PriorPeriodAdjustmentsAmt0111
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Contract Income
IRS990/ProgramServiceRevenueGrp/Desc1Program Income
IRS990/ProgramServiceRevenueGrp/Desc2Asset Management Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01895220
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1546315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt264800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01895220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1546315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt264800
IRS990/ProgSrvcAccomActy2Grp/Desc0Economic Development provides management and technical assistance primarily to a variety of small and larger Asian American and other minority businesses and is funded by Federal MBDA, Department of Commerce.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01093262
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0271801
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01842
IRS990/PYOtherExpensesAmt01000514
IRS990/PYOtherRevenueAmt0247555
IRS990/PYProgramServiceRevenueAmt02314514
IRS990/PYRevenuesLessExpensesAmt0-331596
IRS990/PYSalariesCompEmpBnftPaidAmt02166794
IRS990/PYTotalExpensesAmt03167308
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02835712
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-119881
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt084608
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02544927
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01045585
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022336
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0361056
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0271801
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0846845
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01345073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt059105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02883880
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01565
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01842
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022726
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt056067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08061
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt090261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04409335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05303014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01865519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02203195
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013781063
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01842
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022726
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt056067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt090261
IRS990ScheduleA/InvestmentIncomeCYPct00.00510
IRS990ScheduleA/InvestmentIncomePYPct00.00660
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt084608

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,145,415
Liabilities
$6,812,784
Net assets
$2,332,631
Revenue
$3,197,781
Expenses
$3,317,662
Net income
-$119,881
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.8$7.26$7.55$5.56$4.38$1.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$7.48$6.35$4.29$4.01$0.28
2022Detailed filing. Detailed filing data is available for this year.$13.6$7.57$6.07$4.45$4.07$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$6.62$5.73$4.90$3.52$1.38
2020Detailed filing. Detailed filing data is available for this year.$10.5$6.16$4.35$4.38$3.60$0.77
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.82$5.24$3.58$3.63$3.37$0.25
2018Detailed filing. Detailed filing data is available for this year.$8.64$5.32$3.32$3.33$3.09$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.64$5.52$3.12$3.25$3.17$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.04$5.74$3.29$3.53$3.13$0.40
2015Detailed filing. Detailed filing data is available for this year.$7.31$4.42$2.89$3.38$3.23$0.15
2014Detailed filing. Detailed filing data is available for this year.$9.15$6.81$2.33$3.20$3.32$0.12
2013Summary only. Only limited summary data is available for this year.$8.47$6.02$2.45$2.84$3.17$0.33
2012Summary only. Only limited summary data is available for this year.$8.85$5.77$3.08$3.39$3.54$0.15
2011Summary only. Only limited summary data is available for this year.$9.55$6.09$3.47$3.67$3.17$0.50
2010Summary only. Only limited summary data is available for this year.$5.95$3.81$2.13$2.44$2.26$0.18