Pacific Asian Consortium In Employment

Organization Overview

Pacific Asian Consortium In Employment is located in Los Angeles, CA. The organization was established in 1976. 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. As of 06/2021, Pacific Asian Consortium In Employment employed 398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Asian Consortium In Employment 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 06/2021, Pacific Asian Consortium In Employment generated $30.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $28.4m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PACE'S MISSION IS TO SERVE AS A RESOURCE FOR IDENTIFYING, SECURING AND ADMINISTERING ECONOMIC SOLUTIONS TO PROBLEMS OF HOUSING, UNEMPLOYMENT AND BUSINESS DEVELOPMENT, WHILE SERVING THE COMMUNITY AT LARGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHILD EDUCATION & NUTRITION SERVICES:1,249 CHILDREN ENROLLED IN HEADSTART15 SCHOOL SITES13,238 PARENT VOLUNTEER HOURS92,066 MEALS PREPARED & SERVED2,266 CHILDREN & FAMILIES SERVED


COMMUNITY DEVELOPMENT:12,335 CLIENTS RECEIVING EMERGENCY UTILITY PAYMENT ASSISTANCE (LIHEAP & HEAP)$6,144,155 EMERGENCY UTILITY PAYMENTS13,964 CLIENTS SERVED THROUGH WEATHERIZATION PROGRAMS5,213 TOTAL HOUSEHOLDS SERVED BY THE ENERGY SAVINGS ASSISTANCE PROGRAM64 RESIDENTS SERVED THROUGH HANDYWORKER PROGRAM48 UNITS REHABBED THROUGH HANDYWORKER PROGRAM4,387 ENTREPRENEURS TRAINED/COUNSELED690 SMALL BUSINESSES ASSISTED560 JOBS CREATED/RETAINED949 WOMEN ENTREPRENEURS SERVED$16,648,387 LOANS PACKAGED/PLACE/FUNDED773 FINANCIAL EDUCATION TRAINEES415 TAX RETURNS PREPARED$1,049,233 EARNED INCOME TAX CREDIT, REFUNDS & SAVINGS


EMPLOYMENT & TRAINING SERVICES:1,555 WORKERS TRAINED/PLACED$17.87 AVERAGE HOURLY WAGE OF PLACED WORKERS$1,533,246 ANNUAL WAGES EARNED BY PLACED WORKERS64 ENROLLMENTS IN SUBSIDIZED EMPLOYMENT PROGRAM28 COMPLETIONS OF SUBSIDIZED EMPLOYMENT TRAINING22 WORKERS TRANSITIONING FROM SUBSIDIZED TO UNSUBSIDIZED EMPLOYMENT


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Reliable Energy Management Inc
Hvac/plumbing/intake/wx Installation
$539,418
Rdoneit Llc
Hvac
$319,101
Cross County Education
Teacher Substitution Services
$124,454
Builtall Inc
Renovation/repairs Of Head Start Facilit
$134,073
American Trade Academy
Wioa Participant Training Academy
$177,276
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$79,062
Related organizations$0
Government grants $28,689,980
All other contributions, gifts, grants, and similar amounts not included above$1,675,387
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,444,429
Total Program Service Revenue$787,586
Investment income $44,904
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,857,237

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Pacific Asian Consortium In Employment has recieved totaling $740,466.

Awarding OrganizationAmount
Citi Foundation

New York, NY

PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE

$500,000
Mayors Fund For Los Angeles

Los Angeles, CA

PURPOSE: CV-19 - STREET VENDORS/BUSINESS

$84,375
Comerica Charitable Foundation

Detroit, MI

PURPOSE: PACE AID ASSISTANCE IN DISASTER

$50,000
National Coalition For Asian Pacific American Community Dev

Washington, DC

PURPOSE: Small Business Network; Asset Building

$33,250
Mufg Union Bank Foundation Ag

Phoenix, AZ

PURPOSE: CHARITABLE

$25,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$20,000
View Grant Recipient Profile

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