Aapi Democracy Fund EIN 93-3775024

Aapi Democracy Fund

EIN  93-3775024 Membership association Rch Cucamonga, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
a membership association
Leadership
Luna Yasui · Chair
Money in and out
$3.5M revenue, $3.2M expenses
Bottom line
+9% operating surplus

Aapi Democracy Fund is a membership association based in Rch Cucamonga, CA. For fiscal year 2024 it reported $3.5M in revenue, $3.2M in expenses, and $307K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$307K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $307K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
+9%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Program spending
98%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$307K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$307K
Total assetsPt X · Ln 16$322K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $3.2M of program spending, described in the organization's own filed words · FY2024.
01

Grantmaking

Manage a grant portfolio by reviewing funding proposals from organizations that serve asian american and pacific islander (aapi) communities. Issue awards to mission aligned organizations and track grant reporting requirements.

$2.5Mprogram expense
02

Research

Commissioning public opinion, policy, and demographic research that is about and relevant to the aapi community.

$651Kprogram expense
03

Technical Assistance

Providing customized capacity building through technical assistance, trainings, access to tools, leadership development opportunities, and convenings.

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAapi Democracy Fund
EINHdr · item D93-3775024
Principal addressHdr · item CRch Cucamonga, CA
WebsiteHdr · item Jaapidemocracy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFSep 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aapi Democracy Fund executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$3.5M
Total revenueLn 12$3.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$3.2M
Management & general2%$54K
Total functional expensesLn 25$3.2M

Balance Sheet

Part X · end of year
CashLn 1$321K
Total assetsLn 16$322K
Total liabilitiesLn 26$15K
Total net assetsLn 32$307K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $321K · Operating expenses/yr $3.2M
1.2 months
Where the money goes
Program services
Program services $3.2M · Total expenses $3.2M
98%
Management & General
Management & general $54K · Total expenses $3.2M
2%
Fundraising
Fundraising $0 · Total expenses $3.2M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $3.5M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.5M · Total revenue $3.5M
100%
Government reliance
Government grants — · Total revenue $3.5M
Earned-income share
Program service revenue $0 · Total revenue $3.5M
0%
Investment reliance
Investment income $0 · Total revenue $3.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.2M
0%
Growth & trend
Revenue growth (YoY)
This year $3.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $307K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.5M · Expenses $3.2M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $322K
Net-asset ratio
Net assets $307K · Total assets $322K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $322K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Luna Yasui · Reported title CHAIR · Highest reported compensation $0 · Total expenses $3.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $3.2M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Legal 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.

Grants

Schedule I · received and paid
Grants received · FY2024
Tides AdvocacyFY2024$120K
Total grants receivedfrom 3 funders$2.6M
See all 3 funders →
Grants paid · 8 grants · $2.5M · 2024–2024
Progressive State LeadersDC · FY2024$550,000
New Virginia MajorityVA · FY2024$325,000
Az Aanhpi AdvocatesAZ · FY2024$200,000
Faj Action FundCA · FY2024$200,000
One Apia NevadaNV · FY2024$100,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$3.5M revenue · viewing · ⤓ 990 PDF

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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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