Civic Intelligence

Asian Inc.

990 • Fiscal year 2015 • EIN 94-1753170

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

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

79th percentile

0.60x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.31x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

56th percentile

4.5%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

54th percentile

$128,101

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

4th percentile

-20%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

5.7%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$7,305,375

Down $1,840,040 (-20%) from 2014

Net Assets

Up

$2,888,888

Up $556,257 (+24%) from 2014

Liabilities

Down

$4,416,487

Down $2,396,297 (-35%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin56th percentile

Revenue

Up

$3,381,551

Up $183,770 (+5.7%) from 2014

Expenses

Down

$3,229,827

Down $87,835 (-2.6%) from 2014

Net Income

Up

$151,724

Up $271,605 (+227%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2015

Assets$7,305,375
Liabilities$4,416,487
Net Assets$2,888,888
Open 2015 Filing

Operations Trend

Revenue Growth56th 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

2015

Revenue$3,381,551
Expenses$3,229,827
Net Income$151,724
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$5,198,034
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$3,769,311$3,688,762▼ $80,549
Savings and Temporary Cash Investments$22,336$1,114,245▲ $1,091,909
Other Notes and Loans Receivable, Net$2,286,954$1,049,592▼ $1,237,362
Accounts Receivable$811,921$891,518▲ $79,597
Cash and Non-Interest-Bearing Accounts$619,980$339,927▼ $280,053
Prepaid Expenses and Deferred Charges$43,871$36,573▼ $7,298
Total Assets$9,145,415$7,305,375▼ $1,840,040
Other Assets Total$1,591,042$184,758▼ $1,406,284
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,776,501$2,925,480▼ $851,021
Grants Payable$1,035,500--
Other Liabilities$1,163,734$733,230▼ $430,504
Accounts Payable and Accrued Expenses$791,323$684,509▼ $106,814
Escrow Account Liability$45,726$73,268▲ $27,542
Total Liabilities$6,812,784$4,416,487▼ $2,396,297
Net Assets / Fund Balance
Unrestricted Net Assets$1,961,755$2,518,012▲ $556,257
Temporarily Rstr Net Assets$370,876$370,876→ $0
Total Net Assets Fund Balance$2,332,631$2,888,888▲ $556,257
Total Liabilities and Net Assets / Fund Balance$9,145,415$7,305,375▼ $1,840,040

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,700,560$536,941$3,237,501
Land$983,492-$983,492
Equipment$0$69,361$69,361
Other Land Buildings$4,710-$4,710
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ChanPresidentFT$114,000$14,101$128,101
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
Robert LoVice-Chair
Christina CiuBoard Member
Jonathan LeongBoard Member
Joseph DangBoard Member
Roger A RoyseBoard Member
Sheldon BeitzelBoard Member
Yihou HanBoard Member
Gregory MarutaniSecretary
Shirley TanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$253,887
Program Service Revenue
$3,023,049
Investment Income
$1,044
Other Revenue
$103,571
All Other Contributions
$235,050
Change in Net Assets
$151,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,177,136
Other Expenses$1,052,691
Total Fundraising Expense$79,269
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,168,591$341,557$42,877$1,553,025
Occupancy$372,209$141,359$12,523$526,091
Current Officers, Directors, Trustees, and Key Employees$113,542$156,797-$270,339
Other Employee Benefits$150,089$50,356$5,334$205,779
Fees for Services Other$110,288$8,530$3,724$122,542
Payroll Taxes$78,284$29,675$2,643$110,602
Travel$64,438$24,426$2,176$91,040
Depreciation Depletion$60,346$22,875$2,038$85,259
Pension Plan Contributions$30,471$5,741$1,179$37,391
Office Expenses$23,818$9,029$804$33,651
Fees for Services Accounting-$30,500-$30,500
Interest$18,561$7,036$627$26,224
Insurance$15,425$5,846$521$21,792
Other Expenses$10,075$3,819$340$14,234
Advertising$6,303$2,432$206$8,941
All Other Expenses$2,251$585$122$2,958
Fees for Services Legal-$2,776-$2,776
Total Functional Expenses$2,288,502$862,056$79,269$3,229,827
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$69,471
Fundraising Gross Income$69,471
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$88,308$69,471$69,471$0
Total Events$88,308$69,471$69,471$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
Advance from related parties$516,071
Lines of credit$177,800
Tenant Security Deposit$39,359
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
No
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 by a a compensation and benefits survey report for nonprofits as well as a review and approval by the Board of Directors. 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
2016-08-15
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
56
Volunteers
10

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

Additional Explanations

Form 990, Part XI, line 9:

“Restatement of Net Assets-prior year 404,533.”

Financial Statement Notes

Part IV, Line 2B:

“ASIAN, Inc. holds certain accounts in trust for others in the course of its affordable housing program operations. The balances consist of tenant deposits and operating accounts for affiliates for which ASIAN, Inc. serves as property manager.”

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 2015, the partnerships paid $4,800 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 768 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/PersonNm1Robert Lo
IRS990/Form990PartVIISectionAGrp/PersonNm2Gregory Marutani
IRS990/Form990PartVIISectionAGrp/PersonNm3Shirley Tan
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IRS990/Form990PartVIISectionAGrp/PersonNm5Joseph Dang
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IRS990/Form990PartVIISectionAGrp/PersonNm8Jonathan Leong
IRS990/Form990PartVIISectionAGrp/PersonNm9Roger A Royse
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Chan
IRS990/Form990PartVIISectionAGrp/PersonNm11Sari J Karet
IRS990/Form990PartVIISectionAGrp/PersonNm12Herbert Quan
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chair
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/TitleTxt11Administrative Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP of Operations
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt018837
IRS990/FundraisingDirectExpensesAmt069471
IRS990/FundraisingGrossIncomeAmt069471
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsPayableGrp/BOYAmt01035500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05198034
IRS990/GrossRentsGrp/RealAmt039443
IRS990/GrossSalesOfInventoryAmt01779694
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt0521
IRS990/InsuranceGrp/ManagementAndGeneralAmt05846
IRS990/InsuranceGrp/ProgramServicesAmt015425
IRS990/InsuranceGrp/TotalAmt021792
IRS990/InterestGrp/FundraisingAmt0627
IRS990/InterestGrp/ManagementAndGeneralAmt07036
IRS990/InterestGrp/ProgramServicesAmt018561
IRS990/InterestGrp/TotalAmt026224
IRS990/InvestmentIncomeGrp/ExclusionAmt01044
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01044
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0606302
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03769311
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03688762
IRS990/LandBldgEquipCostOrOtherBssAmt04295064
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/BOYAmt03776501
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02925480
IRS990/NetAssetsOrFundBalancesBOYAmt02332631
IRS990/NetAssetsOrFundBalancesEOYAmt02888888
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt032682
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt032682
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt039443
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt039443
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt017500
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt012523
IRS990/OccupancyGrp/ManagementAndGeneralAmt0141359
IRS990/OccupancyGrp/ProgramServicesAmt0372209
IRS990/OccupancyGrp/TotalAmt0526091
IRS990/OfficeExpensesGrp/FundraisingAmt0804
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09029
IRS990/OfficeExpensesGrp/ProgramServicesAmt023818
IRS990/OfficeExpensesGrp/TotalAmt033651
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01591042
IRS990/OtherAssetsTotalGrp/EOYAmt0184758
IRS990/OtherChangesInNetAssetsAmt0404533
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05334
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050356
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0150089
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0205779
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/Desc1Training
IRS990/OtherExpensesGrp/Desc2In-Kind Expense
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/FundraisingAmt01197
IRS990/OtherExpensesGrp/FundraisingAmt1458
IRS990/OtherExpensesGrp/FundraisingAmt22500
IRS990/OtherExpensesGrp/FundraisingAmt3340
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013576
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15141
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23819
IRS990/OtherExpensesGrp/ProgramServicesAmt035249
IRS990/OtherExpensesGrp/ProgramServicesAmt113562
IRS990/OtherExpensesGrp/ProgramServicesAmt215000
IRS990/OtherExpensesGrp/ProgramServicesAmt310075
IRS990/OtherExpensesGrp/TotalAmt050022
IRS990/OtherExpensesGrp/TotalAmt119161
IRS990/OtherExpensesGrp/TotalAmt217500
IRS990/OtherExpensesGrp/TotalAmt314234
IRS990/OtherLiabilitiesGrp/BOYAmt01163734
IRS990/OtherLiabilitiesGrp/EOYAmt0733230
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt031446
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031446
IRS990/OtherRevenueTotalAmt031446
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042877
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0341557
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01168591
IRS990/OtherSalariesAndWagesGrp/TotalAmt01553025
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02286954
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01049592
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02643
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029675
IRS990/PayrollTaxesGrp/ProgramServicesAmt078284
IRS990/PayrollTaxesGrp/TotalAmt0110602
IRS990/PensionPlanContributionsGrp/FundraisingAmt01179
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05741
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030471
IRS990/PensionPlanContributionsGrp/TotalAmt037391
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043871
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036573
IRS990/PrincipalOfficerNm0Michael Chan
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/RelatedOrExemptFuncIncomeAmt02263132
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1685954
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt273963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02263132
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1685954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt273963
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/ExpenseAmt01062776
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt050600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0361060
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01565
IRS990/PYOtherExpensesAmt0996516
IRS990/PYOtherRevenueAmt0328821
IRS990/PYProgramServiceRevenueAmt02506335
IRS990/PYRevenuesLessExpensesAmt0-119881
IRS990/PYSalariesCompEmpBnftPaidAmt02321146
IRS990/PYTotalExpensesAmt03317662
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03197781
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0151724
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt039443
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02972449
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022336
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01114245
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0253887
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0361056
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0271801
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0846845
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01345073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03078662
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt040487
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01565
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01842
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022726
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt056067
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0122687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03023049
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04409335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05303014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01865519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02203195
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016804112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt040487
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01842
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022726
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt056067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0122687
IRS990ScheduleA/InvestmentIncomeCYPct00.00590
IRS990ScheduleA/InvestmentIncomePYPct00.00510
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt084608
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt036769
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt083736
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt079422
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0284535

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,305,375
Liabilities
$4,416,487
Net assets
$2,888,888
Revenue
$3,381,551
Expenses
$3,229,827
Net income
$151,724
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