ASIAN PACIFIC FUND

EIN: 943201522 501(c)(3) Philanthropy & Grantmaking

SAN FRANCISCO, CA

Total Revenue
$4,929,380
Total Expenses
$3,200,985
Total Assets
$24,282,548
Net Assets
$24,193,080
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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
CAROLYN WANG KONG
Phone
4153959985
Tax Period
2023-01-01 to 2023-12-31

ASIAN PACIFIC FUND, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 35% operating margin.

Mission

TO STRENGTHEN THE ASIAN AND PACIFIC ISLANDER COMMUNITY IN THE BAY AREA (CONTINUED ON SCHEDULE O) BY INCREASING PHILANTHROPY AND SUPPORTING THE ORGANIZATIONS THAT SERVE OUR MOST VULNERABLE COMMUNITY MEMBERS.

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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 $4,177,405
Program Service Revenue $6,950
Investment Income $880,460
Other Revenue $-135,435
TOTAL REVENUE $4,929,380

Expense Breakdown

Grants Paid $1,760,536
Salaries & Benefits $992,604
Fundraising Expenses $292,733
Program Expenses $2,474,448
Other Expenses $447,845
TOTAL EXPENSES $3,200,985

Year-over-Year Comparison

2023 2022 Change
Revenue $4,929,380 $2,544,907 +0.9%
Expenses $3,200,985 $4,661,512 -0.3%
Net Income $1,728,395 $-2,116,605 -1.8%
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
12
Independent Members
12
Employees
12
Volunteers
15

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
$344,908
Total Directors
12
$0
Key Employees
1
$152,224
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM COLE CHAIR 1.50
Officer Director
$0 $0 $0
NELSON ISHIYAMA TREASURER 1.50
Officer Director
$0 $0 $0
EMERALD YEH SECRETARY 1.50
Officer Director
$0 $0 $0
NEEL CHATTERJEE DIRECTOR 0.50
Director
$0 $0 $0
STEVE CHEN DIRECTOR 0.50
Director
$0 $0 $0
KATHY CHOU DIRECTOR 0.50
Director
$0 $0 $0
PETER CHUNG DIRECTOR 0.50
Director
$0 $0 $0
JAN KANG DIRECTOR 0.50
Director
$0 $0 $0
ROSALYN CHEN DIRECTOR 0.50
Director
$0 $0 $0
MARGARET LAPIZ DIRECTOR 0.50
Director
$0 $0 $0
MICHELE LAU DIRECTOR 0.50
Director
$0 $0 $0
RAJ MATHAI DIRECTOR 0.50
Director
$0 $0 $0
CAROLYN WANG KONG PRESIDENT & EXECUTIVE DIRECTOR 40.00
Officer
$271,000 $0 $271,000
MARYANN TREBLE DIRECTOR OF FINANCE & OPERATIONS 40.00
Officer
$73,908 $0 $73,908
GURPREET TUNG DIRECTOR OF DEVELOPMENT 40.00
Key Emp
$152,224 $0 $152,224
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 $4,929,380 $3,200,985 $24,282,548 $1,728,395
2022 $2,544,907 $4,661,512 $20,898,995 $-2,116,605
2021 $16,047,288 $7,339,701 $25,769,246 $8,707,587
2020 $2,055,360 $2,534,045 $16,354,286 $-478,685
2019 $1,884,677 $2,657,052 $15,686,867 $-772,375
2018 $3,420,947 $1,985,429 $14,711,745 $1,435,518
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