Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2003.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
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
14 people listed on the 990; $1.1M paid to officers and key staff.
Manjusha Kulkarni’s $224K as Executive Director is at the 93rd percentile of top reported officer pay among 3869 $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.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Manjusha Kulkarni | $224,463 | $189,617 | $167,500 | $146,333 | $98,372 |
| Norbert K Tan | $195,422 | $170,467 | — | — | — |
| Darin Tokunaga | $143,000 | $125,500 | — | — | — |
| Candice Cho | $143,000 | $135,500 | — | — | — |
| Michelle Wong | $143,000 | $135,500 | — | — | — |
| Kiran Bhalla | $128,375 | $120,031 | — | — | — |
| Hoang Nyugen | $125,260 | $115,308 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Advocates for Asian and Pacific Islander community rights and needs, especially for low-income and vulnerable groups.
Questions for Aapi Equity Alliance
Your first name shows with your question. Aapi Equity Alliance answers here, for everyone.
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To Accomplish Its Mission, Aapi Equity Alliance
1. Promoted the needs, interests and concerns of the api community to the general PUBLIC.2. Strengthened collaboration, planning and collective action among its members through common advocacy, organizational develpopment and CAPACITY-BUILDING.3.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.4M | $4.6M |
| Total assetsLn 16 | $5.3M | $5.3M |
| LiabilitiesLn 26 | $3.2M | $2.8M |
| Net assetsLn 32 | $2.1M | $2.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3K | $3K | ||
| Pay of current officers, directors and key staffLn 5 | $605K | $556K | $48K | |
| Other salaries and wagesLn 7 | $1.2M | $1.0M | $26K | $89K |
| Pension plan contributionsLn 8 | $61K | $56K | $2K | $3K |
| Other employee benefitsLn 9 | $96K | $89K | $3K | $5K |
| Payroll taxesLn 10 | $131K | $121K | $4K | $7K |
| Other fees for servicesLn 11g | $653K | $319K | $300K | $34K |
| Office expensesLn 13 | $13K | $9K | $4K | $414 |
| OccupancyLn 16 | $25K | $1K | $22K | $914 |
| Conferences, conventions and meetingsLn 19 | $190K | $174K | $13K | $2K |
| InsuranceLn 23 | $16K | $15K | $743 | |
| Other expenses (24a–d)Ln 24 | $5.5M | $5.4M | $58K | $1K |
| All other expensesLn 24e | $8K | $7K | $886 | |
| Total functional expensesLn 25 | $8.5M | $7.8M | $496K | $144K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $8.8M | $8.5M | $325K | $2.5M | 990 PDF |
| FY2024 | $19.9M | $19.2M | $697K | $2.1M | 990 PDF |
| FY2023 | $6.1M | $6.2M | −$51K | $1.4M | 990 PDF |
| FY2022 | $4.4M | $4.5M | −$119K | $1.5M | 990 PDF |
| FY2021 | $3.6M | $2.5M | $1.2M | $1.6M | 990 PDF |
| FY2020 | $576K | $408K | $168K | $447K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $8,777,341 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $8,777,341 across 7 lines filed
Part IX · Statement of functional expenses $8,452,802 across 13 lines filed
Part X · Balance sheet $5,268,460 assets, 13 lines filed
Part XI · Reconciliation of net assets $2,463,975 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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