Sacramento Asian-Pacific Chamber Of Commerce

Organization Overview

Sacramento Asian-Pacific Chamber Of Commerce is located in Sacramento, CA. The organization was established in 1997. 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. As of 12/2021, Sacramento Asian-Pacific Chamber Of Commerce employed 32 individuals. This organization is the central organization for a national or regional group of organizations. Sacramento Asian-Pacific Chamber Of Commerce 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, Sacramento Asian-Pacific Chamber Of Commerce generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 15.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE A POSITIVE ENVIRONMENT FOR LOCAL BUSINESS, GOVERNMENT, EDUCATIONAL INSTITUTIONS AND TRADE. TO PROMOTE, NUTURE AND PROPEL ECONOMIC GROWTH IN THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER VIRTUALLY CONDUCTED ITS 13TH ANNUAL REGIONAL STUDY MISSION. THE STUDY MISSION GAVE THIS YEAR'S 100 PARTICIPANTS AN INSIDE LOOK AT THE ASSETS, TALENT AND OPPORTUNITIES OF THE SIX-COUNTY SACRAMENTO REGION, EXPLORING DOWNTOWN AND MIDTOWN SACRAMENTO THIS YEAR. OVER THE COURSE OF THE TWO-DAY WEBINAR CONFERENCE, PARTICIPANTS WERE REMINDED OF WHAT MAKES THE SACRAMENTO REGION THE "BEST OF-FIRST AT-LEADER" WITH A FOCUS ON CIVIC AMENITIES, EDUCATION, HEALTHCARE, INNOVATION AND MORE. PARTICIPANTS REPRESENT DIFFERENT LOCAL BUSINESS LEADERS WANTING TO LEARN MORE ABOUT DIFFERENT PROGRAMS AND MOVEMENTS THAT ARE HELPING TO GROW THE SACRAMENTO REGION.


THE CHAMBER EXECUTED CONTRACTS WITH THE CITY OF SACRAMENTO TO ASSIST BUSINESSES IMPACTED BY THE COVID-19 PANDEMIC. THROUGH THE CONTRACT, EXECUTED IN COLLABORATION WITH THE PARTNERS OF THE SACRAMENTO INCLUSIVE ECONOMIC DEVELOPMENT COLLABORATIVE, THE CHAMBER WAS ABLE TO CONNECT BUSINESSES TO THE RESOURCES AND TOOLS NEEDED TO BE SUCCESSFUL SUCH AS CONTRACTING OPPORTUNITIES, BUSINESS DEVELOPMENT PROGRAMS, WORKSHOPS, AND 1-ON-1 CONSULTING SERVICES. THIS HELPS ENSURE THAT THE CHAMBER'S MEMBERS HAVE ACCESS TO KEY OPPORTUNITIES IN THE SACRAMENTO REGION, ESPECIALLY DURING THE COVID-19 EPIDEMIC.


THE CHAMBER STARTED THE MINORITY BUSINESS ASSISTANCE RECOVERY KICKSTART (MBARK) PROGRAM TO ASSIST BUSINESSES IN NEED OF TECHNICAL ASSISTANCE OR CONSULTING SERVICES TO EITHER START OR GROW THEIR BUSINESS. MBARK IS A COMPREHENSIVE, MULTI-PRONGED APPROACH GEARED TO ASSIST MINORITY SMALL BUSINESS OWNERS IN THE COMMUNITY. MBARK UTILIZES SACC'S UNDERSTANDING AND EXPERTISE ON WHAT MINORITY SMALL BUSINESS OWNERS MAY NEED AND SHOWCASES HOW TO PROACTIVELY ENGAGE THEM IN ORDER TO STABILIZE AND GROW THEIR BUSINESSES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$152,652
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$688,350
Noncash contributions included in lines 1a–1f $22,850
Total Revenue from Contributions, Gifts, Grants & Similar$841,002
Total Program Service Revenue$1,790,352
Investment income $120
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 $2,671,474

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sacramento Asian-Pacific Chamber Of Commerce has recieved totaling $50,000.

Awarding OrganizationAmount
$50,000
View Grant Recipient Profile

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