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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kerry N Doi President & CEO | OfficerTrustee | 40 | $286,369 |
Rachelle S Pastor Arizmendi VP & COO | OfficerTrustee | 40 | $193,889 |
Kamolrat Sivanunsakul Project Director | 40 | $134,374 | |
Kyong Ran Choi Controller | 40 | $130,997 | |
Celia V Andrade Project Director | 40 | $130,861 | |
Stacy Y Wong Hui Project Director | 40 | $129,066 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Reliable Energy Management Inc Hvac/plumbing/intake/wx Installation | 6/29/21 | $539,418 |
Rdoneit Llc Hvac | 6/29/21 | $319,101 |
Cross County Education Teacher Substitution Services | 6/29/21 | $124,454 |
Builtall Inc Renovation/repairs Of Head Start Facilit | 6/29/21 | $134,073 |
American Trade Academy Wioa Participant Training Academy | 6/29/21 | $177,276 |
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 |
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. | $530,521 |
Compensation of current officers, directors, key employees. | $530,521 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $14,240,730 |
Pension plan accruals and contributions | $804,855 |
Other employee benefits | $3,345,774 |
Payroll taxes | $1,106,286 |
Fees for services: Management | $0 |
Fees for services: Legal | $21,335 |
Fees for services: Accounting | $133,041 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,615,341 |
Advertising and promotion | $77,498 |
Office expenses | $0 |
Information technology | $1,123,863 |
Royalties | $0 |
Occupancy | $2,098,068 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $54,062 |
Interest | $19,939 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,683 |
Insurance | $305,366 |
All other expenses | $565,810 |
Total functional expenses | $28,386,221 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,751,221 |
Savings and temporary cash investments | $677,048 |
Pledges and grants receivable | $1,757,175 |
Accounts receivable, net | $270,767 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,128,253 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $36,897 |
Net Land, buildings, and equipment | $40,950 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,273,313 |
Total assets | $13,935,624 |
Accounts payable and accrued expenses | $972,134 |
Grants payable | $0 |
Deferred revenue | $6,333 |
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 | $798,185 |
Other liabilities | $5,815,341 |
Total liabilities | $7,591,993 |
Net assets without donor restrictions | $6,101,494 |
Net assets with donor restrictions | $242,137 |
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 | $13,935,624 |
Over the last fiscal year, we have identified 9 grants that Pacific Asian Consortium In Employment has recieved totaling $740,466.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |