United States Pan Asian American Chamber Of Commerce Education
- Assets
- $7.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 52-1641440
Organization Overview
United States Pan Asian American Chamber Of Commerce Education is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, United States Pan Asian American Chamber Of Commerce Education employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Pan Asian American Chamber Of Commerce Education 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 12/2021, United States Pan Asian American Chamber Of Commerce Education generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED IN 1984, INCORPORATED IN 1989, THE US PAN ASIAN CHAMBER OF COMMERCE EDUCATION FOUNDATION CONDUCTS EDUCATIONAL, RESEARCH, AND TRAINING ACTIVITIES THAT WOULD PROMOTE, NURTURE AND PROPEL ECONOMIC GROWTH AND OPEN DOORS OF BUSINESS AND PROFESSIONAL OPPORTUNITIES IN COMMERCE AND INDUSTRY, SCIENCE, THE ARTS, SPORTS, PUBLIC AND COMMUNITY SERVICES, FOR ASIAN AMERICANS AND THEIR BUSINESS PARTNERS IN CORPORATE AMERICA, GOVERNMENT, AND THE SMALL AND MINORITY BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE US PAN ASIAN AMERICAN CHAMBER OF COMMERCE EDUCATION FOUNDATION CONDUCTS EDUCATIONAL, RESEARCH, AND TRAINING ACTIVITIES THAT WOULD PROMOTE, NURTURE AND PROPEL ECONOMIC GROWTH AND OPEN DOORS OF BUSINESS AND PROFESSIONAL OPPORTUNITIES IN COMMERCE AND INDUSTRY, SCIENCE, THE ARTS, SPORTS, PUBLIC AND COMMUNITY SERVICES, FOR ASIAN AMERICANS AND THEIR BUSINESS PARTNERS IN CORPORATE AMERICA, GOVERNMENT, AND THE SMALL BUSINESS COMMUNITY.
THE US PAN ASIAN AMERICAN CHAMBER OF COMMERCE EDUCATION FOUNDATION CONDUCTS EDUCATIONAL, RESEARCH, AND TRAINING ACTIVITIES THAT WOULD PROMOTE, NURTURE AND PROPEL ECONOMIC GROWTH AND OPEN DOORS OF BUSINESS AND PROFESSIONAL OPPORTUNITIES IN COMMERCE AND INDUSTRY, SCIENCE, THE ARTS, SPORTS, PUBLIC AND COMMUNITY SERVICES, FOR ASIAN AMERICANS AND THEIR BUSINESS PARTNERS IN CORPORATE AMERICA, GOVERNMENT, AND THE SMALL BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Au Allen President | Officer | 40 | $177,083 |
Mark S Allen Board Member | Trustee | 5 | $17,204 |
Edward J Allen Vice Preside | Officer | $0 | |
Anisa Balwani Board Member | Trustee | $0 | |
Edward Cheung Board Member | Trustee | $0 | |
Jackie Lajoie Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $852,751 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $754,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,114,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,721,831 |
| Total Program Service Revenue | $985,267 |
| Investment income | $28,255 |
| 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 | $3,743,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $38,200 |
| Compensation of current officers, directors, key employees. | $194,287 |
| Compensation of current officers, directors, key employees. | $48,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,769 |
| Payroll taxes | $11,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,516 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,981 |
| Advertising and promotion | $119,501 |
| Office expenses | $6,369 |
| Information technology | $60,835 |
| Royalties | $0 |
| Occupancy | $68,369 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,781 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,407 |
| Insurance | $9,221 |
| All other expenses | $22,480 |
| Total functional expenses | $1,522,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,328,105 |
| Savings and temporary cash investments | $428,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $610,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,751 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,345 |
| Investments—publicly traded securities | $3,232,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,398 |
| Total assets | $7,701,331 |
| Accounts payable and accrued expenses | $83,997 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $1,109,623 |
| Total liabilities | $1,193,620 |
| Net assets without donor restrictions | $6,507,711 |
| Net assets with donor restrictions | $0 |
| 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 | $7,701,331 |
Grants Awarded
Over the last fiscal year, United States Pan Asian American Chamber Of Commerce Education has awarded $76,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
USPAACC SE CHAPTER PURPOSE: GRANT | $41,300 |
PEDALCELL LLC PURPOSE: PRIZE WHAT UR PITCH | $20,000 |
LEAP PHOTOVOLTAICS INC PURPOSE: PRIZE WHAT UR PITCH | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that United States Pan Asian American Chamber Of Commerce Education has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Sponsorship of conference | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casa De Maryland Hyattsville, MD | $24,055,145 | $18,912,782 |
Ethiopian Community Development Council Inc Arlington, VA | $19,032,277 | $13,979,253 |
The National Alliance For Hispanic Health Washington, DC | $8,377,455 | $12,112,663 |
Ayuda Washington, DC | $3,920,731 | $9,192,932 |
Jewish Family Service Of Tidewater Inc Virginia Beach, VA | $3,871,142 | $9,382,745 |
National Immigration Forum Inc Washington, DC | $9,116,461 | $6,230,295 |
Spanish Catholic Center Inc Washington, DC | $2,472,920 | $3,188,758 |
No One Left Behind Inc Merrifield, VA | $13,498,193 | $18,238,277 |
Hispanic Access Foundation Washington, DC | $4,376,118 | $5,925,392 |
Boat People S O S Inc Falls Church, VA | $4,560,305 | $5,132,509 |
Detention Watch Network Washington, DC | $8,535,044 | $4,963,081 |
Luminus Network Inc Columbia, MD | $405,115 | $2,471,635 |