Acp Foundation FY2020 filing

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We have built a series of strategies on Science and Technology Education Innovation and Investment to serve the local community

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2400305) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $21K a year · 9% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
9.1 mo
of spending, in cash
9.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
37
of 37 voting members
37 of 37 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$521K
Spent
$354K
To programs
92%
Net assets
$268K
By yearFY2020–FY2025
Revenue
$521K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$521K
FY2021$118K
FY2022$159K
FY2023$167K
FY2024$101K
FY2025$140K
Expenses
$354K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$354K
FY2021$217K
FY2022$144K
FY2023Not on file
FY2024Not on file
FY2025$140K
Net assets
$268K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$268K
FY2021$168K
FY2022$183K
FY2023$194K
FY2024$122K
FY2025$122K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $324K Management & general 1% · $2K Fundraising 8% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Acp Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in science and technology education to benefit the local community.

Questions for Acp Foundation

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3 programs · $338K · in their own filed words · FY2020
01

The COVID-19 Relief Program was started and organized by the DFW Chinese American volunteers in response to the recent coronavirus outbreak here in the DFW area. The purpose of this initiative is to help raise funds to procure and donate much needed personal protection equipment to first responders, medical workers, and senior living…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2400305) · Dispute this line
$317Kprogram expense
02

MetroCon is a convention hosted by the ACP fundation to fulfill its mission to serve local communities in science, Technology, Education, innovation& enterpreneuship, community service and investment.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2400305) · Dispute this line
$21Kprogram expense
03

Bawi Cung and his two boys, aged 2 & 6, were hate crime victims in Midland, TX on March 14, 2020. As a bystander, Zach Owen disarmed the suspect bare handedly. As a result, Zach right palm suffered permanent injury and the grip strength is down to 40%. ACP organized the fundraising activities to support the victims and Owen.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2400305) · Dispute this line
$105program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$32K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$521K
Ln 12
Gifts and grantsLn 1h$521K
Money outPt IX
$354K
Ln 25
Programscol B$324K
Managementcol C$2K
Fundraisingcol D$27K
Owns and owesPt X
$268K
net assets · Ln 32
Cash and savingsLn 1–2$268K
Total assetsLn 16$268K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a37
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$521K
Total revenueLn 12$521K
Assets in detailPt X, end of year
SavingsLn 2$268K
Cash and savings togetherLn 1–2$268K
Total assetsLn 16$268K
LiabilitiesLn 26$0
Net assetsLn 32$268K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$101K$268K
Total assetsLn 16$101K$268K
LiabilitiesLn 26$0$0
Net assetsLn 32$101K$268K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$317K$317K
Management feesLn 11a$10K$7K$2K
Advertising and promotionLn 12$27K$27K
Total functional expensesLn 25$354K$324K$2K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $140K$140K−$129$122K 990 PDF
FY2024Filed with the IRS May 11, 2025 $101K$122K 990 PDF
FY2023Filed with the IRS May 12, 2024 $167K$194K 990 PDF
FY2022Filed with the IRS May 15, 2023 $159K$144K$15K$183K 990 PDF
FY2021Filed with the IRS May 16, 2022 $118K$217K−$99K$168K 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $521K$354K$167K$268K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $520,586 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,307$520,586
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $42,307$520,586
I-13 Grants and similar amounts paid$316,885
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$36,748
I-18 Total expenses$353,633
I-19 Revenue less expensesPrior year $42,307$166,953
Part VI · Governance 37 of 37 board members independent, 3 to look at
VI-1a Voting members of the governing body37
VI-1b Independent voting members37
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $520,586 across 5 lines filed
VIII-1b Membership dues$7,546
VIII-1f All other contributions, gifts and grants$22,624
VIII-1h Total contributions, gifts and grants$520,586
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$520,586
Part IX · Statement of functional expenses $353,633 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $316,885$316,885
IX-11a Management feesPrograms $7,321 · Management $2,376$9,697
IX-12 Advertising and promotionFundraising $27,051$27,051
IX-25 Total functional expensesPrograms $324,206 · Management $2,376 · Fundraising $27,051$353,633
Part X · Balance sheet $267,812 assets, 7 lines filed
Net asset lines not itemized here account for −$267,812. See the IRS return.
X-2 Savings and temporary cash investmentsStart of year $100,859$267,812
X-16 Total assetsStart of year $100,859$267,812
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $100,859$267,812
X-31 Retained earnings or endowmentStart of year $100,859$267,812
X-32 Total net assets or fund balancesStart of year $100,859$267,812
X-33 Total liabilities and net assetsStart of year $100,859$267,812
Part XI · Reconciliation of net assets $267,812 net assets at year end
XI-1 Total revenue$520,586
XI-2 Total expenses$353,633
XI-3 Revenue less expenses$166,953
XI-4 Net assets at start of year$100,859
XI-10 Net assets at end of year$267,812

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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