National Asian American Coalition
- Assets
- $15.6m
- Revenue
- $1.6m
- Investments
- $1.5m
- Employees
- 11
- Location
- Daly City, CA
- Founding
- 02/2005
- Data as of
- 12/2023
- EIN
- 33-1095784
Organization Overview
National Asian American Coalition is located in Daly City, CA. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, National Asian American Coalition employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Asian American Coalition 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 12/2023, National Asian American Coalition generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CONDUIT OF ECONOMIC DEVELOPMENT VIA TECHNICAL ASSISTANCE WITH MINORITY GROUPS IN CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING AND HOME BUYING EDUCATION AND COMMUNITY INVOLVEMENT, NAAC 501(C)(3) CURRENTLY PROVIDES FINANCIAL EDUCATION AND HOMEBUYER EDUCATION COUNSELLING TO FIRST TIME HOMEBUYERS UNDER THE WISH AND OTHER DOWN PAYMENT ASSISTANCE PROGRAMS SPONSORED BY VARIOUS BANKS AND THE CITY OF SAN DIEGO. NAAC SMALL BUSINESS CENTER IS A US DEPARTMENT OF TREASURY-CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) MISSION-DRIVEN TO PROVIDE ACCESS TO BASIC FINANCIAL SERVICES, AFFORDABLE CREDIT, AND INVESTMENT CAPITAL TO LOW-INCOME BORROWERS WHO HAVE HISTORICALLY BEEN LEFT OUT OF TRADITIONAL BANKING SERVICES. WE PROVIDE GUIDANCE ONLINE TO PROSPECTIVE LOAN APPLICANTS WHO HAVE PROBLEMS QUALIFYING FOR TRADITIONAL LOANS. GUIDANCE MAY INCLUDE DETERMINING THE BEST TYPE OF LOAN PROGRAM THAT IS SUITED FOR THEIR BUSINESS. CONDUCT CRITICAL WORKSHOPS TO BUSINESS OWNERS IN A WAY THAT IS SCALABLE AND EFFECTIVE TO BUSINESS OWNERS WHEN IDEAL. THE TOPICS WILL BE LED BY SUBJECT MATTER EXPERTS IN THE AREAS OF BUSINESS PLANNING, SOURCES OF CREDIT, FINANCIAL PRESENTATION, AND BUSINESS MODEL CHANGES. LEAD BORROWERS TO RESOURCES THAT ARE PROVIDED TO REPUTABLE AGENCIES SUCH AS THE SBA, WOMEN BUSINESS CENTERS, SMALL BUSINESS DEVELOPMENT COMPANIES, AND VETERAN CENTERS. PURSUIT OF STRATEGIC OPPORTUNITIES FOR A PARTICULAR BUSINESS OR GROUP THAT CREATE MUTUAL AND EFFECTIVE AND PROFITABLE RELATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cora Oriel Chairperson | OfficerTrustee | 3 | $0 |
James Santamaria Vice Chairman | OfficerTrustee | 3 | $0 |
Alex Anderson Secretary | OfficerTrustee | 3 | $0 |
Jason Hobson Board Member | Trustee | 3 | $0 |
James Bryant Board Member | Trustee | 3 | $0 |
Nellie Reyes-Schwab Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Murphy Rosen Llp Legal Services | 12/30/23 | $258,883 |
Sheppard Mullin Richter And Hampton Llp Legal Services | 12/30/23 | $852,646 |
Lap Law Legal Services | 12/30/23 | $144,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $658,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,013 |
| Total Program Service Revenue | $240,019 |
| Investment income | $422,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,559,027 |
| 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. | $168,450 |
| Compensation of current officers, directors, key employees. | $80,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $360,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,930 |
| Payroll taxes | $44,160 |
| 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 | $0 |
| Fees for services: Other | $1,684,953 |
| Advertising and promotion | $7,574 |
| Office expenses | $61,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,940 |
| Travel | $6,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,426 |
| Insurance | $25,716 |
| All other expenses | $10,281 |
| Total functional expenses | $3,315,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,733,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,107,107 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $140,739 |
| Net Land, buildings, and equipment | $11,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,490,243 |
| Investments—program-related | $2,000,000 |
| Intangible assets | $0 |
| Other assets | $29,198 |
| Total assets | $15,602,056 |
| Accounts payable and accrued expenses | $343,060 |
| Grants payable | $0 |
| Deferred revenue | $114,187 |
| 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 | $6,399,985 |
| Other liabilities | $250,000 |
| Total liabilities | $7,107,232 |
| Net assets without donor restrictions | $8,031,920 |
| Net assets with donor restrictions | $462,904 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,602,056 |