Asian Chamber Of Commerce Incorporated
- Assets
- $24.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-4740292
Organization Overview
Asian Chamber Of Commerce Incorporated is located in Phoenix, AZ. The organization was established in 2012. 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 Chamber Of Commerce Incorporated 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 Chamber Of Commerce Incorporated generated $45.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $40.4k during the year ending 12/2021. While expenses have increased by 0.9% 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 Mission:
Part 3 - Line 1
-TO SUPPORT, PROMOTE AND FOSTER BUSINESS, CULTURAL AND EDUCATIONAL RELATIONSHIPS BETWEEN MEMBERS AND THE GENERAL PUBLIC. -TO SERVE AS A VEHICLE AND RESOURCE CENTER.
Describe the Organization's Program Activity:
Part 3
NIGHT MARKET - AN EVENT HELD TO ALLOW ASIAN BUSINESS TO INCREASE VISIBILITY WITHIN THE COMMUNITY.
ANNUAL BANQUET - AN EVENT TO BRING TOGETHER POLITICAL AND BUSINESS LEADERS IN INCREASE AWARENESS OF THE ISSUES CONCERNING SMALL ASIAN-OWNED BUSINESSES.
ASIAN SUN PUBLICATION - A QUARTERLY PUBLICATION FEATURING ARTICLES ABOUT ASIAN-OWNED BUSINESSES AND UPCOMING COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Amphonephong President | 15 | $0 | |
Ryan Winkle Chair | 10 | $0 | |
Suzie Moreno Director | 2 | $0 | |
Jenny Poon Vice Chair | 2 | $0 | |
Star Reyes Director | 2 | $0 | |
Tj Greene Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,398 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $41,666 |
| Other Revenue | $0 |
| Total Revenue | $45,064 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,650 |
| Professional fees and other payments to independent contractors | $4,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,044 |
| Other expenses | $18,167 |
| Total expenses | $40,361 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,700 |
| Other assets | $0 |
| Total assets | $24,700 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asian Chamber Of Commerce Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Arizona State University Foundation For A New American University Tempe, AZ PURPOSE: Community Outreach | $10,000 |
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Western Growers Assn Irvine, CA | $76,133,560 | $13,363,556 |
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