ASIAN ENTREPRENEURSHIP FOUNDATION

EIN: 474004081 501(c)(3) Public & Societal Benefit

BOSTON, MA

Total Revenue
$455,469
Total Expenses
$439,654
Total Assets
$179,356
Net Assets
$129,020
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
Cheuk Shian
Phone
5089675835
Tax Period
2023-01-01 to 2023-12-31

ASIAN ENTREPRENEURSHIP FOUNDATION, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $455K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $440K left a modest 3% surplus.

Mission

We will reach our vision by connecting, educating, and giving back!! Connect: To build connections and create a vibrant community of entrepreneurial-minded people. Educate: To promote learning and help Asians develop an entrepreneurial mindset. Give Back: To provide resources to support our Asian business community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $348,970
Program Service Revenue $106,499
Investment Income $0
Other Revenue $0
TOTAL REVENUE $455,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,059
Fundraising Expenses $7,131
Program Expenses $170,231
Other Expenses $289,464
TOTAL EXPENSES $439,654

Year-over-Year Comparison

2023 2022 Change
Revenue $455,469 $398,113 +0.1%
Expenses $439,654 $387,342 +0.1%
Net Income $15,815 $10,771 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
30

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
1
$0
Total Directors
8
$2,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Chang Director 10
Director
$2,750 $0 $2,750
Melvin Reyes Director 10
Director
$0 $0 $0
Adeel Afshar Director 10
Director
$0 $0 $0
Chewy Jang Director 10
Director
$0 $0 $0
Melody Chen Director 10
Director
$0 $0 $0
John Victoria Director 10
Director
$0 $0 $0
Frances Luong Director 10
Director
$0 $0 $0
Minh Pham Director 10
Director
$0 $0 $0
Cheuk Shian Treasurer 10
Officer
$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
2024 No data No data No data No data
2023 $455,469 $439,654 $179,356 $15,815
2022 $398,113 $387,342 $143,103 $10,771
2021 $264,110 $254,952 $111,532 $9,158
2020 $125,968 $64,525 $79,131 $61,443
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