Asian Business Association
- Assets
- $109.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tysons Corner, VA
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 26-4082119
Organization Overview
Asian Business Association is located in Tysons Corner, VA. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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 Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Asian Business Association generated $142.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $124.8k during the year ending 12/2021. While expenses have increased by 8.2% 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
PROGRAMS INCLUDE: CHAMBER AWARD PRGM/GALA: RECOGNIZES ASIAN PAC AM BUSINESSES & LEADERS WHO MADE OUTSTANDING CONNECTIONS TO WDC BUSINESS COMMUNITY/ECONOMY & BRINGS TOGETHER MEMBERS/GUEST, NATIONAL/LOCAL ELECTED OFFICIALS & BUSINESS LEADERS BUSINESS SUMMIT & EXPO: BRINGS TOGETHER LEADING ASIAN PAC AM BUSINESS/ORGANIZATIONS & CONNECT WITH GOVERNMENT RESOURCES/BUILD BUSINESS PARTNERSHIPS & GAIN EDUCATION/MARKETING EXPOSURES WHILE EXPANDING NETWORK BUSINESS NETWORKING PRGRM: PROVIDES A PLATFORM FOR BUSINESSES TO EXPAND NETWORK, BUILD REFERRAL PARTNERS AND FIND WAYS TO WORK TOGETHER GROWING THEIR BUSINESS TO SUPPORT BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Shao President | 40 | $50,000 | |
Stephanie Shei Chair | 4 | $0 | |
Laura Beldin Vice Chair | 2.5 | $0 | |
Zongwei Tao Treasurer | 2 | $0 | |
Stanley Fujii Secretary | 2 | $0 | |
Pallabi Saboo Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,167 |
| Total Program Service Revenue | $37,830 |
| Membership dues | $31,610 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $142,623 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,387 |
| Professional fees and other payments to independent contractors | $25,415 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $3,958 |
| Other expenses | $28,876 |
| Total expenses | $124,836 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,740 |
| Other assets | $0 |
| Total assets | $109,740 |
| Total liabilities | $64,229 |
| Net assets or fund balances | $45,511 |
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