Empowers Asian American and Pacific Islander small businesses through education, training, and events focused on financial capacity, government contracting, and economic development.
Empowers Asian American and Pacific Islander small businesses through education, training, and events focused on financial capacity, government contracting, and economic development.
For fiscal year 2024 it reported $3.2M in revenue, $2.3M in expenses, and $3.0M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$3.2M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $906K
Where spending went · Part IX cols B–D
80%
20%
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs0% vs prior filing year
Operating runway
16.9mo
months of highly liquid reserves at operating expense rate▲ +31% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +118% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$3.2M
FY2024▲ +25%
$4.9M$2.5M$0
FY2020FY2024
Expenses
$2.3M
FY2024▲ +3%
$4.4M$2.2M$0
FY2020FY2024
Total assets
$3.4M
FY2024▲ +37%
$3.4M$1.7M$0
FY2020FY2024
Total liabilities
$367K
FY2024▲ +4%
$410K$205K$0
FY2020FY2024
Total revenue
$3.2M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$906K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III
Where the work happens
3 program services account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01
Aapistrong and Small Business Priority
Aapistrong is a national call-to-action program powered by the national ASIAN/PACIFIC islander american chamber of commerce and entrepreneurship (national ace). The program's primary goal is to convene our network of business organizations, entrepreneurs, corporate leaders, and stakeholders to advance equity, justice, and opportunity for…
$1.3Mprogram expense
02
Economic Development
Ace foundation educates local and regional aapi chambers of commerce, mou partners, and other stakeholders across the country to provide innovative business solutions through quality programs and services.
$255Kprogram expense
03
Education
Ace foundation works to educate asian american and pacific islander and all small business communities on issues that will directly improve their economic, political, and social well-being. Ace foundation hosts events aimed to help educate minority and all business communities.
Daniel C Oliver’s $13K as COO
is at the 1st percentile of top reported officer pay among 3864 $1–10M human services nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Individual Karen Eng · Reported title CHAIR · Highest reported compensation $0 · Total expenses $2.3M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.3M
—
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
80%
—
—
Overhead ratio
20%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
25%
—
—
Investment management fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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