ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP

EIN: 462071116 Community Improvement

WASHINGTON, DC

Total Revenue
$2,655,979
Total Expenses
$2,648,607
Total Assets
$1,703,213
Net Assets
$1,609,970
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DC
Principal Officer
CHILING TONG
Phone
2022042579
Tax Period
2024-01-01 to 2024-12-31

ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1

AAPISTRONG AND SMALL BUSINESS PRIORITY - NATIONAL ACE WORKS WITH ASIAN AMERICAN AND PACIFIC ISLANDER AND ALL SMALL BUSINESS COMMUNITIES THROUGH OUR VIRTUAL TECHNICAL ASSISTANCE PROGRAM TO PROVIDE...

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AAPISTRONG AND SMALL BUSINESS PRIORITY - NATIONAL ACE WORKS WITH ASIAN AMERICAN AND PACIFIC ISLANDER AND ALL SMALL BUSINESS COMMUNITIES THROUGH OUR VIRTUAL TECHNICAL ASSISTANCE PROGRAM TO PROVIDE SMALL BUSINESSES AND ENTREPRENEURS THE RESOURCES AND EDUCATION THEY NEED TO BE SUCCESSFUL. ACE'S GOAL IS TO HELP ORGANIZATIONS DEVELOP EFFECTIVE COMMUNICATIONS, MARKETING, AND SOCIAL MEDIA BY TEACHING AND ONE-ON-ONE CONSULTING TO CHAMBERS, NON-PROFIT GROUPS, AND SMALL BUSINESSES WHO WANT TO TRANSITION TO DIGITAL PLATFORMS. ACE ALSO SUPPORTS BUSINESS ENTERPRISES AND CHAMBERS OF COMMERCE BY INVESTING IN LOCAL COMMUNITIES WHILE WORKING TO IMPROVE THE WELL-BEING, ECONOMIC RESILIENCE, AND MOBILITY OF THE SMALL BUSINESS COMMUNITY.

Program 2

CONFERENCES AND SUMMITS - THE NATIONAL ACE AAPISTRONG ANNUAL CONFERENCE BROUGHT TOGETHER ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) ENTREPRENEURS, SMALL BUSINESS OWNERS, LOCAL AAPI CHAMBERS OF...

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CONFERENCES AND SUMMITS - THE NATIONAL ACE AAPISTRONG ANNUAL CONFERENCE BROUGHT TOGETHER ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) ENTREPRENEURS, SMALL BUSINESS OWNERS, LOCAL AAPI CHAMBERS OF COMMERCE FROM AROUND THE COUNTRY, CORPORATE PARTNERS, AND COMMUNITY LEADERS TO ENGAGE IN LEADERSHIP PROGRAMMING AND NETWORK BUILDING. PARTICIPANTS WILL DISCOVER INNOVATIVE OPPORTUNITIES FOR CAPITAL BUILDING, RECEIVE LEGISLATIVE UPDATES, AND HEAR INSPIRING STORIES FROM ENTREPRENEURS IN THE COMMUNITY. NATIONAL ACE ALSO HOSTS OTHER EVENTS AND SUMMITS FOR SMALL BUSINESS OWNERS FOR ACCESS TO CAPITAL, INVESTING IN AANHPI BUSINESSES, AND STAYING COMPETITIVE IN A DIGITAL WORLD.

Program 3

SPECIAL PROJECTS - THE NATIONAL ACE ENGAGES IN SPECIAL PROJECTS TO SUPPORT SMALL BUSINESS OWNERS ACROSS INDUSTRIES BY PROVIDING CASH GRANTS. WE PROVIDE FUNDING TO ELIGIBLE SMALL BUSINESS OWNERS TO...

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SPECIAL PROJECTS - THE NATIONAL ACE ENGAGES IN SPECIAL PROJECTS TO SUPPORT SMALL BUSINESS OWNERS ACROSS INDUSTRIES BY PROVIDING CASH GRANTS. WE PROVIDE FUNDING TO ELIGIBLE SMALL BUSINESS OWNERS TO PROVIDE WORKING CAPITAL FOR THEIR COMPANIES TO GROW AND ECONOMICALLY THRIVE.

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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 $2,155,161
Program Service Revenue $469,500
Investment Income $26,221
Other Revenue $5,097
TOTAL REVENUE $2,655,979

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $1,105,498
Fundraising Expenses $0
Other Expenses $1,528,109
TOTAL EXPENSES $2,648,607

Year-over-Year Comparison

2024 2023 Change
Revenue $2,655,979 $2,061,081 +0.3%
Expenses $2,648,607 $2,188,892 +0.2%
Net Income $7,372 $-127,811 -1.1%
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
23
Independent Members
22
Employees
12
Volunteers
24

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
5
$276,103
Total Directors
25
$0
Key Employees
1
$156,150
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THEAR SUZUKI CHAIR 2.00
Officer Director
$0 $0 $0
GARRETT GIN CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
GRACE LEE TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA CHANG SECRETARY 2.00
Officer Director
$0 $0 $0
ADEEL AFSHAR DIRECTOR 1.00
Director
$0 $0 $0
JASON CHAN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN JIN DAVIS DIRECTOR 1.00
Director
$0 $0 $0
KAREN ENG DIRECTOR 1.00
Director
$0 $0 $0
FA'AVAE FA'AVAE DIRECTOR 1.00
Director
$0 $0 $0
JIMMY FERGUSON DIRECTOR 1.00
Director
$0 $0 $0
KAREN IDENO DIRECTOR 1.00
Director
$0 $0 $0
BILL IMADA DIRECTOR 1.00
Director
$0 $0 $0
JOON KIM DIRECTOR 1.00
Director
$0 $0 $0
PAT FONG KUSHIDA DIRECTOR/CONSULTANT 4.00
Director
$0 $0 $0
CHRIS LAW DIRECTOR 1.00
Director
$0 $0 $0
ROBERTO LLAMES DIRECTOR 1.00
Director
$0 $0 $0
MANUMALO MAUASAU DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE MI DIRECTOR (THROUGH JANUARY) 1.00
Director
$0 $0 $0
ANDREW MOY DIRECTOR 1.00
Director
$0 $0 $0
SANDEEP NAIN DIRECTOR 1.00
Director
$0 $0 $0
AMAR SHOKEEN DIRECTOR (THROUGH APRIL) 1.00
Director
$0 $0 $0
GEORGE TANAKA DIRECTOR 1.00
Director
$0 $0 $0
TONY WALLER DIRECTOR 1.00
Director
$0 $0 $0
HELENE YAN DIRECTOR 1.00
Director
$0 $0 $0
VIVIAN YOUNG DIRECTOR 1.00
Director
$0 $0 $0
CHILING TONG PRESIDENT AND CEO 40.00
Officer
$269,074 $7,029 $276,103
JAN-IE LOW VP OF CORP. DEVELOPMENT/EVENTS 40.00
Key Emp
$156,150 $0 $156,150
EMILY FUDER VP OF PROGRAMS AND MARKETING 40.00
Highest
$130,316 $11,749 $142,065
MICHELLE IM SR. FINANCE/ADMIN MGR 40.00
Highest
$106,753 $8,709 $115,462
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
2024 $2,655,979 $2,648,607 $1,703,213 $7,372
2023 $2,061,081 $2,188,892 $1,725,009 $-127,811
2022 $2,718,711 $2,822,551 $1,985,693 $-103,840
2021 $3,182,897 $1,585,321 $1,929,932 $1,597,576
2020 $1,079,965 $933,452 $290,312 $146,513
2019 $515,500 $543,029 $126,261 $-27,529
2018 $407,945 $452,467 $183,849 $-44,522
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