API Cultural CenterInc Oakland Asian Cultural Center

EIN: 731649335 501(c)(3) Recreation & Sports

Oakland, CA

Total Revenue
$1,039,405
Total Expenses
$722,555
Total Assets
$1,074,336
Net Assets
$994,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
Lorraine Sumulong
Phone
5106370455
Tax Period
2022-07-01 to 2023-06-30

API Cultural CenterInc Oakland Asian Cultural Center, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $317K, a strong 30% operating margin.

Mission

Oakland Asian Cultural Center builds vibrant communities through Asian and Pacific Islander American (APIA) arts and cultural programs that foster intergenerational and cross-cultural dialogue, cultural identity, collaborations, and social justice.API Cultural Center, Inc. dba Oakland Asian Cultural Center believes that culture and heritage play a critical role in building and maintaining vibrant and healthy communities. The Center showcases a wide range of cultural and artistic expression including dance,literature,music and the visual arts. OACC serves as a resource for understanding the legacy of Asians and Pacific Islanders and their unique influences on the cultural identities and enrichment of our communities and to build bridges of understanding among all communities

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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 (2022)

Revenue Breakdown

Contributions & Grants $784,606
Program Service Revenue $228,805
Investment Income $3,807
Other Revenue $22,187
TOTAL REVENUE $1,039,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,121
Fundraising Expenses $69,454
Program Expenses $449,705
Other Expenses $340,434
TOTAL EXPENSES $722,555

Year-over-Year Comparison

2022 2021 Change
Revenue $1,039,405 $763,768 +0.4%
Expenses $722,555 $619,878 +0.2%
Net Income $316,850 $143,890 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
14
Independent Members
14
Employees
11
Volunteers
50

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
$88,963
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Saly Lee Executive Dir. 40.00
Officer
$88,963 $0 $88,963
Lorraine Sumulong President 1.50
Director
$0 $0 $0
Darren Murata Director 1.00
Director
$0 $0 $0
Kim Cao Director 1.00
Director
$0 $0 $0
Sandra Ue Director 1.00
Director
$0 $0 $0
Fermina Phillips Director 1.00
Director
$0 $0 $0
Evelyn Lee Director 1.00
Director
$0 $0 $0
Tu David Phu Director 1.00
Director
$0 $0 $0
Timothy K Law Director 1.00
Director
$0 $0 $0
Harvey Dong Director 1.00
Director
$0 $0 $0
Daryl Toy Secretary 1.50
Director
$0 $0 $0
Priscilla Hoang Director 1.00
Director
$0 $0 $0
Arbour Decker Vice President 1.50
Director
$0 $0 $0
Eunice Kwon Treasurer 1.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,039,405 $722,555 $1,074,336 $316,850
2022 $763,768 $619,878 $761,286 $143,890
2021 $693,169 $477,596 $644,419 $215,573
2020 $686,316 $627,804 $431,286 $58,512
2019 $799,368 $721,523 $317,380 $77,845
2018 $657,037 $612,381 $232,520 $44,656
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