California Asian Pacific Chamber Of Commerce Foundation
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 68-0423644
Organization Overview
California Asian Pacific Chamber Of Commerce Foundation is located in Sacramento, CA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Asian Pacific Chamber Of Commerce Foundation 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 12/2023, California Asian Pacific Chamber Of Commerce Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $970.3k during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN UNDERSERVED, DIVERSE COMMUNITIES THROUGH LEADERSHIP, PROFESSIONAL DEVELOPMENT AND EDUCATION, COMMUNITY ECONOMIC AND WORKFORCE DEVELOPMENT, ALONG WITH CULTURAL DIPLOMACY PROGRAMS THAT BUILD CAPACITY WITHIN THE STATE'S NEXT GENERATION OF ASIAN AMERICAN PACIFIC ISLANDER LEADERS' ETHNIC-BASED GROWER ASSOCIATIONS, COMMUNITY-BASED SERVICE AND FAITH-BASED ORGANIZATIONS, BUSINESS AND CIVIL SOCIETY ORGANIZATIONS WHO RELFECT THE DIVERSE TAPESTRY OF CALIFORNIA'S ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CATALYST LEADERSHIP PROGRAM, NOW IN ITS 17TH YEAR, PROVIDED 25 INDIVIDUALS WITH A 9-MONTH, HANDS-ON LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO DEVELOP THE MANAGEMENT SKILLS OF DIVERSE YOUNG PROFESSIONALS AND EMERGING LEADERS. PARTICIPANTS DEVELOP AN INDIVIDUAL LEADERSHIP PLAN; JOIN COMMUNITY, SOCIAL SERVICE OR PROFESSIONAL ORGANIZATIONS; AND MEET WITH COMMUNITY LEADERS IN ORDER TO FORGE KEY RELATIONSHIPS WITHIN THE STATE. OVER 200 INDIVUDLAS HAVE GRADUATED FROM THE CATALYST LEADERSHIP PROGRAM.THE FOUNDATION ALSO CONTINUED THE AAPI LIFT PROGRAM IN 2023. AAPI LIFT IS A LEADERSHIP PROGRAM TO PROMOTE ASIAN AMERICAN PACIFIC ISLANDERS (AAPI) IN THE PRIVATE SECTOR WHO ARE INTERESTED IN ENTERING PUBLIC SERVICE. THE PROGRAM IS A 6-MONTH TRAINING AND MENTORSHIP PROGRAM DELIVERED BY AAPI POLITICAL PROFESSIONALS THAT OFFERS PRACTICAL INSIGHTS ABOUT SETTING POLICY, BUILDING COALITIONS, COMMUNICATING YOUR AGENDA, RUNNING WINNING CAMPAIGNS, AND GOVERNING EFFECTIVELY.IN ADDITION, THE FOUNDATION CONTINUED ITS "NETGEN EMPOWER U" PROGRAM IN 2023. NEXTGEN EMPOWER U IS A 3-MONTH PROGRAM DESIGNED TO EMPOWER THE NEXT GENERATION OF AAPI TO BE SUCCESSFUL IN MANY FACETS OF THEIR LIVES. THE PROGRAM HELPS PARTICIPANTS DISCOVER AND DEFINE THEIR OWN PERSONAL DEFINITION OF LIFE SUCCESS, TOUCHING ON TOPICS SUCH AS RELATIONSHIP BUILDING, COMMUNICATION, EDUCATION, CAREER DEVELOPMENT, AND FINANCIAL MANAGEMENT.
KITCHEN INNOVATION ELECTRICAL DEVELOPMENT PROGRAM,CONNECTING POINT EVENTS, "NODE" VIRTUAL OPERATIONS, ETC.
THE FOUNDATION PARTICIPATED IN THE "STOP THE HATE" PROGRAM IN PARTNERSHIP WITH THE SIERRA HEALTH FOUNDATION AND THE CALIFORNIA DEPT OF SOCIAL SERVICES TO PROTECT AAPI COMMUNITIES FROM HATE CRIMES. THE PROGRAM ALSO ASSISTS THE AAPI BUSINESS COMMUNITY PREVENT AND OVERCOME AAPI HATE.THE FOUNDATION WAS ALSO AWARDED A GRANT TO ASSIST WITH WORK ON A REGIONAL IMMIGRATION PLAN, TO UNDERSTAND THE CURRENT STATE OF IMMIGRATION IN CALIFORNIA, ASSIST WITH IMMIGRATION REFORM, AND HELP INTEGRATE EFFORTS.
THE FOUNDATION CONTINUES TO SUPPORT STATE-WIDE EFFORTS OF CHAMBERS OF COMMERCE WITH THEIR WORK TO MAINTAIN AND EXPAND BUSINESS CENTERS PROVIDING TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES. THE FOUNDATION ALSO SUPPORTED THEIR EFFORTS TO PROMOTE DIVERSITY, EQUITY AND INCLUSION TO ADVANCE OPPORTUNITES AND ENSURE INVESTMENTS IN CALIFORNIA'S AAPI AND DIVERSE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Barnes Director | Trustee | 0.5 | $0 |
Kathy Mckim Director | Trustee | 0.5 | $0 |
Rob Fong President | OfficerTrustee | 0.5 | $0 |
Rosie Dauz Secretary | OfficerTrustee | 0.5 | $0 |
John Gutierrez Director | Trustee | 0.5 | $0 |
Michelle Picard Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26 |
| Membership dues | $0 |
| Fundraising events | $91,960 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $973,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,587 |
| Total Program Service Revenue | $52,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$25,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,091,680 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $129,472 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,316 |
| Advertising and promotion | $0 |
| Office expenses | $4,008 |
| Information technology | $2,174 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $941 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $970,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,219,719 |
| Accounts payable and accrued expenses | $481,047 |
| 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 | $0 |
| Total liabilities | $481,047 |
| Net assets without donor restrictions | $738,672 |
| 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 | $1,219,719 |