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 2022 it reported $4.1M in revenue, $4.4M in expenses, and $1.8M in net assets.Pt I
Where the money goes · FY2022
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$4.4M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$253K
Where spending went · Part IX cols B–D
89%
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2022 · Form 990
Revenue
$4.1M
FY2022▼ -16%
$4.9M$2.5M$0
FY2020FY2024
Expenses
$4.4M
FY2022▲ +23%
$4.4M$2.2M$0
FY2020FY2024
Total assets
$2.2M
FY2022▼ -9%
$3.4M$1.7M$0
FY2020FY2024
Total liabilities
$410K
FY2022▲ +10%
$410K$205K$0
FY2020FY2024
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$4.4M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$253K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III
Where the work happens
3 program services account for $3.8M of program spending, described in the organization's own filed words · FY2022.
01
Aapistrong
$2.2Mprogram 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.
$822Kprogram expense
03
Education
Ace foundation works to educate asian american and pacific islander business communities on issues that will directly improve their economic, political, and social well-being. Ace foundation hosts events aimed to help educate the minority business community.
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 Jimmy Ferguson · Reported title CO-CHAIR · Highest reported compensation $0 · Total expenses $4.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $4.4M
—
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
89%
—
—
Overhead ratio
11%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
-16%
—
—
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.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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