Asian Corporate And Entrepreneur Leaders
- Assets
- $359.1k
- Revenue
- $153.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 20-5567184
Organization Overview
Asian Corporate And Entrepreneur Leaders is located in Tempe, AZ. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Corporate And Entrepreneur Leaders is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Asian Corporate And Entrepreneur Leaders generated $153.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $66.2k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASIAN CORPORATE & ENTREPRENEUR LEADERS (ACEL), IS A NON-PROFIT ORGANIZATION PROVIDING ASIAN AMERICAN PROFESSIONALS OPPORTUNITIES TO WORK TOGETHER TO ENHANCE ASIAN AMERICAN LEADERSHIP IN OUR CAREERS, COMMUNITIES AND THE LOCAL GOVERNMENT THAT WE LIVE AND SERVE IN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS AND GALA
IN ORDER TO ACHIEVE OUR GOALS ACEL OFFERS A DIVERSE RANGE OF PROFESSIONAL DEVELOPMENT PROGRAMS ON THE LOCAL LEVEL. THESE MAY INCLUDE SERIES OF PANELS, WORKSHOPS AND SEMINARS. ACEL ENGAGES ITS MEMBERSHIP IN COMMUNITY ACTIVITIES, AN ONGOING MENTORSHIP PROGRAM, CULTURAL AWARENESS AND PROFESSIONAL NETWORKING EVENTS. AS A 501(C)(3) CHARITABLE ORGANIZATION WE ALSO SEEK TO PROMOTE THE ACTIVE PARTICIPATION OF ASIAN AMERICANS IN SOCIETY THROUGH COMMUNITY SERVICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason C Wong President | OfficerTrustee | 20 | $0 |
Kim Hamby Director | Officer | 8 | $0 |
Rodney Hu Director | Officer | 8 | $0 |
Wynn Payackapan Treasurer | Officer | 8 | $0 |
Teresa H Wales Director | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $123,299 |
| Investment income | $30,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,433 |
| Fees for services: Other | $9,936 |
| Advertising and promotion | $0 |
| Office expenses | $981 |
| Information technology | $2,645 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,351 |
| All other expenses | $0 |
| Total functional expenses | $66,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,057 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $359,057 |
| Total liabilities and net assets/fund balances | $359,057 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Asian Corporate And Entrepreneur Leaders has recieved totaling $19,500.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bayview Hunters Point Foundation San Francisco, CA | $2,481,067 | $10,177,517 |
Acsi Children Education Fund Inc Colorado Springs, CO | $5,927,618 | $9,771,787 |
Price Charities La Jolla, CA | $164,280,959 | $10,990,716 |
Families & Youth Inc Las Cruces, NM | $11,381,645 | $11,555,132 |
The A21 Campaign Inc Santa Ana, CA | $5,387,763 | $11,083,951 |
Mind Oc Irvine, CA | $53,343,760 | $16,090,055 |
Ogden-Weber Community Action Partnership Inc Ogden, UT | $4,404,262 | $9,925,197 |
Santa Maria El Mirador Santa Fe, NM | $9,562,818 | $9,385,452 |
Family Tree Inc Wheat Ridge, CO | $10,333,594 | $9,395,162 |
Pomeroy Recreation And Rehabilitation Center San Francisco, CA | $31,085,839 | $13,480,522 |
University Muslim Medical Association Inc Los Angeles, CA | $12,401,964 | $10,854,261 |
Economic Council Helping Others Inc Farmington, NM | $2,557,236 | $9,151,934 |