National Asian American Coalition
- Assets
- $6.8m
- Revenue
- $4.6m
- Investments
- $507.0k
- Employees
- 15
- Location
- Daly City, CA
- Founding
- 02/2005
- Data as of
- 12/2020
- 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 12/2020, National Asian American Coalition employed 15 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 12/2020, National Asian American Coalition generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 6 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
2020
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
FORECLOSURE INTERVENTION AND DEFAULT COUNSELING - THROUGH PARTNERSHIP AND COMMUNITY INVOLVEMENT, NAAC 501(C)(3) EITHER SPONSORED OR PARTICIPATED IN MORE THAN 77 FORECLOSURE PREVENTION CLINICS IN THE LAST TWO YEARS. NAAC CURRENTLY PROVIDES FINANCIAL EDUCATION AND HOMEBUYER EDUCATION WORKSHOPS, FORCLOSURE PREVENTION CLINICS, MORTGAGE DEFAULT AND DELINQUENCY RESOLUTION COUNSELING, PRE-PURCHASE & POST PURCHASE COUNSELING.MICRO-BUSINESS TECHNICAL ASSISTANCE PROGRAM AIMS TO PROVIDE BUSINESS OWNERS WITH FUNDAMENTAL MANAGEMENT SKILLS TRAINING IN SPECIFIC CORE COMPETENCES NEEDED TO MANAGE AND OPERATE A SUCCESSFUL SMALL BUSINESS. IT IS DESIGNED TO PROVIDE PROGRAM PARTICIPANTS WITH DEFINITIVE BLUE PRINTS FOR MANAGING AND OPERATING A SUCCESSFUL MICRO-BUSINESS.PROJECT REBOUND PROGRAM - THE ORGANIZATION PURCHASES OR RECEIVES DONATED RESIDENCES DIRECTLY FROM VARIOUS BANKS AND SELLS THEM TO QUALIFYING PEOPLE THROUGH THE PROJECT REBOUND PROGRAM.AS PART OF ITS PROGRAM SERVICES, THE NATIONAL ASIAN AMERICAN COALITION (NAAC), ON BEHALF OF THE PUBLIC, IS ENGAGED IN ONGOING ADMINISTRATIVE LEGAL PROCEEDINGS BEFORE THE CALIFORNIA PUBLIC UTILITIES COMMISSION (CPUC). CPUC IS A GOVERNMENT AGENCY THAT REGULATES PRIVATELY-OWNED UTILITY COMPANIES ENSURING THAT CALIFORNIA UTILITY CUSTOMERS HAVE SAFE, RELIABLE UTILITY SERVICE AT REASONABLE RATES, PROTECTING AGAINST FRAUD, AND PROMOTING THE HEALTH OF CALIFORNIA'S ECONOMY. DURING THE TAX YEAR NAAC WAS AWARDED INTERVENOR COMPENSATION IN ONE DECISION AGAINST UTILITY COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faith Bautista President/ceo | Officer | 40 | $186,916 |
Josefina Bautista CFO | Officer | 40 | $146,467 |
Cora M Oriel Chair | OfficerTrustee | 3 | $0 |
Pablo Wong Treasurer | OfficerTrustee | 3 | $0 |
James Santa Maria Co-Chairman | OfficerTrustee | 3 | $0 |
Alice G Atienza Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,148,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,327,345 |
| Total Program Service Revenue | $211,902 |
| Investment income | $65,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,768,918 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,618,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,200 |
| 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. | $393,464 |
| Compensation of current officers, directors, key employees. | $23,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $637,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,428 |
| Payroll taxes | $78,714 |
| 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 | $281,991 |
| Advertising and promotion | $121,657 |
| Office expenses | $63,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,105 |
| Travel | $13,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,935 |
| Insurance | $16,878 |
| All other expenses | $13,736 |
| Total functional expenses | $1,989,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,547,522 |
| Pledges and grants receivable | $38,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,170,745 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,150 |
| Net Land, buildings, and equipment | $9,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $507,001 |
| Investments—program-related | $1,500,000 |
| Intangible assets | $0 |
| Other assets | $23,420 |
| Total assets | $6,801,122 |
| Accounts payable and accrued expenses | $57,276 |
| Grants payable | $0 |
| Deferred revenue | $820,038 |
| 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 | $210,000 |
| Unsecured mortgages and notes payable | $2,909,159 |
| Other liabilities | $112,499 |
| Total liabilities | $4,108,972 |
| Net assets without donor restrictions | $2,433,620 |
| Net assets with donor restrictions | $258,530 |
| 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 | $6,801,122 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that National Asian American Coalition has recieved totaling $1,701,545.
| Awarding Organization | Amount |
|---|---|
Homefree Usa Inc Landover, MD PURPOSE: Property purchased for renovation and sale ot low and moderate income potential home owners. | $1,396,445 |
Silicon Valley Bank Foundation Santa Clara, CA PURPOSE: PPP CDFI GRANT - NATIONAL ASIAN AMERICAN COALITION FOR $100,000 | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $75,000 |
Banc Of California Charitable Foundation Santa Ana, CA PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $20,000 |
Comerica Charitable Foundation Detroit, MI PURPOSE: SUPPORTING NAAC PROGRAMS FOR REVITALIZING HOUSING COUNSELING SERVICES IN THE WAKE OF COVID-19 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
California Human Development Corp Santa Rosa, CA | $9,372,537 | $16,167,799 |
Lutheran Social Services Of Northern California Concord, CA | $7,407,903 | $15,266,538 |
Global Support And Development Redwood City, CA | $35,645,225 | $48,473,756 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Louis And Gladyce Foster Family Foundation Stockton, CA | $0 | $100,317 |
Union Of Pan Asian Communities San Diego, CA | $5,542,645 | $15,801,296 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |