ASIAN PACIFIC ISLANDER SMALL BUSINESS PROGRAM INC

EIN: 200726638 501(c)(3) Community Improvement

LOS ANGELES, CA

Total Revenue
$265,788
Total Expenses
$155,501
Total Assets
$996,827
Net Assets
$996,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
Principal Officer
TAKAO SUZUKI
Phone
2134731605
Tax Period
2024-07-01 to 2025-06-30

ASIAN PACIFIC ISLANDER SMALL BUSINESS PROGRAM INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $266K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $110K, a strong 41% operating margin.

Mission

THE MISSION OF THE ASIAN PACIFIC ISLANDER SMALL BUSINESS PROGRAM IS TO ASSIST THE DEVELOPMENT OF SMALL & MICRO BUSINESSES IN LOS ANGELES WITH A PARTICULAR FOCUS ON THE CHINESE, CAMBONIAN, KOREAN, JAPANESE, THAI, AND FILIPINO BUSINESS COMMUNITIES, ESPECIALLY THOSE OF LOW-INCOME IMMIGRANTS.

Program Service Accomplishments

Program 1
Expenses: $155,501 Revenue: $88

THE ASIAN PACIFIC ISLANDER SMALL BUSINESS PROGRAM IS ORGANIZED AND OPERATES FOR THE EXCLUSIVE BENEFIT OF THE SMALL BUSINESS PROGRAM OF LTSC CDC. API SBP AND LTSC CDC HAVE PARALLEL PURPOSE. LTSC CDC...

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THE ASIAN PACIFIC ISLANDER SMALL BUSINESS PROGRAM IS ORGANIZED AND OPERATES FOR THE EXCLUSIVE BENEFIT OF THE SMALL BUSINESS PROGRAM OF LTSC CDC. API SBP AND LTSC CDC HAVE PARALLEL PURPOSE. LTSC CDC SEEKS TO SUPPORT THE HISTORY, CULTURE AND ECONOMIC DEVELOPMENT OF MINORITY AND LOW-INCOME COMMUNITIES, WITH API SBP'S PRIMARY PURPOSE, AS DEFINED IN THE ARTICLES OF INCORPORATION, TO RAISE FUNDS AND DEVELOP COMMUNITY SUPPORT FOR THE SMALL BUSINESS PROGRAMS OF LTSC CDC. ALL FUNDS RECEIVED BY API SBP ARE GIVEN DIRECTLY TO LTSC CDC FOR USE IN ITS SMALL BUSINESS PROGRAM OR TO BE SOLELY USED FOR CHARITABLE ACTIVITIES, WHICH SUPPORT AND BENEFIT THE SMALL BUSINESS PROGRAMS OF LTSC CDC.THE FUNDS RAISED BY THE ORGANIZATION ARE USED TO SUPPORT THE SMALL BUSINESS ASSISTANCE PROGRAM OF LTSC CDC. THE PROGRAM ASSISTED APPROXIMATELY 2,000 ENTREPRENUERS DURING THE YEAR. THE PROGRAM FUNCTIONS PRIMARILY IN FIVE NEIGHBORHOODS OF THE CITY OF LOS ANGELES & ONE NEIGHBORHOOD OF THE CITY OF LONG BEACH, ALL WHICH ARE FEDERALLY-DEFINED LOW-MODERATE INCOME AREAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,700
Program Service Revenue $0
Investment Income $88
Other Revenue $0
TOTAL REVENUE $265,788

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $155,501
Other Expenses $5,501
TOTAL EXPENSES $155,501

Year-over-Year Comparison

2024 2023 Change
Revenue $265,788 $527,484 -0.5%
Expenses $155,501 $527,020 -0.7%
Net Income $110,287 $464 +236.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANCHANIT MARTORELL PRESIDENT 0.00
Officer Director
$0 $0 $0
KIMMY MANIQUIS TREASURER 0.00
Officer Director
$0 $0 $0
ERICH NAKANO DIRECTOR 0.00
Director
$0 $0 $0
PETER NG DIRECTOR 0.00
Director
$0 $0 $0
JOHNG HO SONG DIRECTOR 0.00
Director
$0 $0 $0
SUSANA SNGIEM DIRECTOR 0.00
Director
$0 $0 $0
PEYMAN MALAZ DIRECTOR 0.00
Director
$0 $0 $0
TAKAO SUZUKI DIRECTOR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $265,788 $155,501 $996,827 $110,287
2024 $527,484 $527,020 $1,211,099 $464
2023 $395,727 $531,527 $1,194,923 $-135,800
2022 $909,936 $387,773 $1,385,725 $522,163
2021 $479,650 $325,725 $499,197 $153,925
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