CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE FOUNDATION

EIN: 680423644 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$1,091,680
Total Expenses
$970,274
Total Assets
$1,219,719
Net Assets
$738,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
CA
Principal Officer
PAT FONG KUSHIDA
Phone
9164467883
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE FOUNDATION, founded in 1993, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $970K left a modest 11% surplus.

Mission

TO STRENGTHEN UNDERSERVED, DIVERSE COMMUNITIES THROUGH LEADERSHIP, PROFESSIONAL DEVELOPMENT AND EDUCATION, COMMUNITY ECONOMIC AND WORKFORCE DEVELOPMENT, ALONG WITH CULTURAL DIPLOMACY PROGRAMS THAT BUILD CAPACITY WITHIN THE STATE'S NEXT GENERATION OF ASIAN AMERICAN PACIFIC ISLANDER LEADERS' ETHNIC-BASED GROWER ASSOCIATIONS, COMMUNITY-BASED SERVICE AND FAITH-BASED ORGANIZATIONS, BUSINESS AND CIVIL SOCIETY ORGANIZATIONS WHO RELFECT THE DIVERSE TAPESTRY OF CALIFORNIA'S ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $141,916 Revenue: $52,000

THE CATALYST LEADERSHIP PROGRAM, NOW IN ITS 17TH YEAR, PROVIDED 25 INDIVIDUALS WITH A 9-MONTH, HANDS-ON LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO DEVELOP THE MANAGEMENT SKILLS OF DIVERSE YOUNG...

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THE CATALYST LEADERSHIP PROGRAM, NOW IN ITS 17TH YEAR, PROVIDED 25 INDIVIDUALS WITH A 9-MONTH, HANDS-ON LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO DEVELOP THE MANAGEMENT SKILLS OF DIVERSE YOUNG PROFESSIONALS AND EMERGING LEADERS. PARTICIPANTS DEVELOP AN INDIVIDUAL LEADERSHIP PLAN; JOIN COMMUNITY, SOCIAL SERVICE OR PROFESSIONAL ORGANIZATIONS; AND MEET WITH COMMUNITY LEADERS IN ORDER TO FORGE KEY RELATIONSHIPS WITHIN THE STATE. OVER 200 INDIVUDLAS HAVE GRADUATED FROM THE CATALYST LEADERSHIP PROGRAM.THE FOUNDATION ALSO CONTINUED THE AAPI LIFT PROGRAM IN 2023. AAPI LIFT IS A LEADERSHIP PROGRAM TO PROMOTE ASIAN AMERICAN PACIFIC ISLANDERS (AAPI) IN THE PRIVATE SECTOR WHO ARE INTERESTED IN ENTERING PUBLIC SERVICE. THE PROGRAM IS A 6-MONTH TRAINING AND MENTORSHIP PROGRAM DELIVERED BY AAPI POLITICAL PROFESSIONALS THAT OFFERS PRACTICAL INSIGHTS ABOUT SETTING POLICY, BUILDING COALITIONS, COMMUNICATING YOUR AGENDA, RUNNING WINNING CAMPAIGNS, AND GOVERNING EFFECTIVELY.IN ADDITION, THE FOUNDATION CONTINUED ITS "NETGEN EMPOWER U" PROGRAM IN 2023. NEXTGEN EMPOWER U IS A 3-MONTH PROGRAM DESIGNED TO EMPOWER THE NEXT GENERATION OF AAPI TO BE SUCCESSFUL IN MANY FACETS OF THEIR LIVES. THE PROGRAM HELPS PARTICIPANTS DISCOVER AND DEFINE THEIR OWN PERSONAL DEFINITION OF LIFE SUCCESS, TOUCHING ON TOPICS SUCH AS RELATIONSHIP BUILDING, COMMUNICATION, EDUCATION, CAREER DEVELOPMENT, AND FINANCIAL MANAGEMENT.

Program 2
Expenses: $89,783

THE FOUNDATION PARTICIPATED IN THE "STOP THE HATE" PROGRAM IN PARTNERSHIP WITH THE SIERRA HEALTH FOUNDATION AND THE CALIFORNIA DEPT OF SOCIAL SERVICES TO PROTECT AAPI COMMUNITIES FROM HATE CRIMES...

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THE FOUNDATION PARTICIPATED IN THE "STOP THE HATE" PROGRAM IN PARTNERSHIP WITH THE SIERRA HEALTH FOUNDATION AND THE CALIFORNIA DEPT OF SOCIAL SERVICES TO PROTECT AAPI COMMUNITIES FROM HATE CRIMES. THE PROGRAM ALSO ASSISTS THE AAPI BUSINESS COMMUNITY PREVENT AND OVERCOME AAPI HATE.THE FOUNDATION WAS ALSO AWARDED A GRANT TO ASSIST WITH WORK ON A REGIONAL IMMIGRATION PLAN, TO UNDERSTAND THE CURRENT STATE OF IMMIGRATION IN CALIFORNIA, ASSIST WITH IMMIGRATION REFORM, AND HELP INTEGRATE EFFORTS.

Program 3
Expenses: $468,500

THE FOUNDATION CONTINUES TO SUPPORT STATE-WIDE EFFORTS OF CHAMBERS OF COMMERCE WITH THEIR WORK TO MAINTAIN AND EXPAND BUSINESS CENTERS PROVIDING TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY...

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THE FOUNDATION CONTINUES TO SUPPORT STATE-WIDE EFFORTS OF CHAMBERS OF COMMERCE WITH THEIR WORK TO MAINTAIN AND EXPAND BUSINESS CENTERS PROVIDING TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES. THE FOUNDATION ALSO SUPPORTED THEIR EFFORTS TO PROMOTE DIVERSITY, EQUITY AND INCLUSION TO ADVANCE OPPORTUNITES AND ENSURE INVESTMENTS IN CALIFORNIA'S AAPI AND DIVERSE COMMUNITIES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,065,587
Program Service Revenue $52,000
Investment Income $0
Other Revenue $-25,907
TOTAL REVENUE $1,091,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $34,824
Program Expenses $858,221
Other Expenses $970,274
TOTAL EXPENSES $970,274

Year-over-Year Comparison

2023 2022 Change
Revenue $1,091,680 $688,908 +0.6%
Expenses $970,274 $605,951 +0.6%
Net Income $121,406 $82,957 +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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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT BARNES DIRECTOR 0.50
Director
$0 $0 $0
KATHY MCKIM DIRECTOR 0.50
Director
$0 $0 $0
ROB FONG PRESIDENT 0.50
Officer Director
$0 $0 $0
ROSIE DAUZ SECRETARY 0.50
Officer Director
$0 $0 $0
JOHN GUTIERREZ DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE PICARD DIRECTOR 0.50
Director
$0 $0 $0
IAN SO CHAIR ELECT 0.50
Officer Director
$0 $0 $0
CAROL ZHENG DIRECTOR 0.50
Director
$0 $0 $0
LAKHI SIAP DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $1,091,680 $970,274 $1,219,719 $121,406
2022 $688,908 $605,951 $901,992 $82,957
2021 $1,562,737 $1,011,978 $806,831 $550,759
2020 $172,512 $150,391 $59,131 $22,121
2019 $243,674 $218,148 $55,256 $25,526
2018 $321,451 $328,236 $43,465 $-6,785
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