Asian Business Center
- Assets
- $252.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 20-8835997
Organization Overview
Asian Business Center is located in Los Angeles, CA. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Business Center 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 Business Center generated $39.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $17.4k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION FOCUSES ON BUSINESS EDUCATION, TRAINING, RESEARCH, SCHOLARSHIP AND ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Park Chairman | 1 | $0 | |
Dennis Huang Secretary | 1 | $0 | |
Jim Song Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,550 |
| Total Program Service Revenue | $199 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,758 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $702 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $10 |
| Other expenses | $16,658 |
| Total expenses | $17,370 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $252,037 |
| Other assets | $0 |
| Total assets | $252,037 |
| Total liabilities | $0 |
| Net assets or fund balances | $252,037 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Asian Business Center has recieved totaling $16,063.
| Awarding Organization | Amount |
|---|---|
Kcal Ins Foundation Hacienda Heights, CA PURPOSE: CHARITABLE PURPOSE | $16,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |
Community Vision Capital & Consulting San Francisco, CA | $118,645,783 | $20,656,685 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Powerswitch Action Oakland, CA | $19,442,233 | $13,398,955 |
Downtown Center Business Improvement District Inc Los Angeles, CA | $1,747,827 | $7,519,589 |
Underground Service Alert Of Northern California And Nevada Concord, CA | $6,010,381 | $7,617,174 |
Community Action Agency Of Butte County Inc Chico, CA | $5,886,657 | $7,635,979 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
Union Square Business Improvement District San Francisco, CA | $3,440,343 | $7,353,306 |