Asian Corporate And Entrepreneur Leaders
- Assets
- $357.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 05/2010
- Data as of
- 12/2022
- 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 12/2022, Asian Corporate And Entrepreneur Leaders generated $168.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $153.2k during the year ending 12/2022. While expenses have increased by 28.7% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason C Wong President | 40 | $38,867 | |
Kim Hamby Director | 2 | $0 | |
Wynn Payackapan Treasurer | 2 | $0 | |
Teresa H Wales Director | 2 | $0 | |
Rodney Hu Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,080 |
| Total Program Service Revenue | $115,242 |
| Membership dues | $37,762 |
| Investment income | $2,930 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $168,014 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,697 |
| Professional fees and other payments to independent contractors | $8,014 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $222 |
| Other expenses | $93,311 |
| Total expenses | $153,244 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $332,451 |
| Other assets | $0 |
| Total assets | $357,489 |
| Total liabilities | $0 |
| Net assets or fund balances | $357,489 |