Asian American Chemical Dependency
- Assets
- $3.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Lakewood, WA
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 81-0585942
Organization Overview
Asian American Chemical Dependency is located in Lakewood, WA. The organization was established in 2003. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Asian American Chemical Dependency employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Chemical Dependency 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, Asian American Chemical Dependency generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 29.0% per year over the past 8 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
THE MISSION OF ACTS IS TO REACH OUT, ENGAGE AND PROVIDE CONSUMER CENTRIC CARE FOR THOSE IN COMMUNITY SUFFERING WITH SUBSTANCE USE DISORDERS, MENTAL ISSUE, GAMBLING ADDICTIONS, AND DOMESTIC VIOLENCE BEHAVIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ITEM REPRESENTS FUNDS USED TO SUPPORT INDIVIDUALS WHO DO NOT QUALIFY FOR MEDICAID INSURANCE. THESE FUNDS ARE UTILIZED UNDER OUR CONTRACT WITH THE PIERCE COUNTY BEHAVIORAL HEALTH AND THERAPEUTIC COURT AND ARE ALLOCATED FOR PROGRAMS INCLUDING SUBSTANCE USE DISORDER, MENTAL HEALTH, FAMILY EDUCATION, AND COMMUNITY EDUCATION. ADDITIONALLY, THESE FUNDS ARE SEPARATELY DESIGNATED TO RETAIN OUR WORKFORCE AND TO ENHANCE THE ENVIRONMENT AND SAFETY OF THE COUNSELING CENTER.
THIS ITEM REPRESENTS REVENUE FROM A FEE-FOR-SERVICE ACCOUNT, COVERING BOTH PUBLICLY FUNDED PROGRAMS RELATED TO SUBSTANCE USE DISORDER AND MENTAL HEALTH PROGRAMS, AS WELL AS SELF-PAY PROGRAMS SUCH AS DOMESTIC VIOLENCE PROGRAMS.
THIS ITEM REPRESENTS FUNDS PROVIDED BY THE FIVE MAJOR INSURANCE COMPANIES CONTRACTED WITH OUR PROGRAM. THESE FUNDS ARE SPECIFICALLY ALLOCATED TO MAINTAIN IMPROVED SERVICES FOR CLIENTS BENEFITING FROM PUBLIC FUNDS AND TO SUPPORT THE ENHANCEMENT OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tae Son Lee Director | Officer | 40 | $202,000 |
Soon Lee-Kim Director | Officer | 40 | $168,900 |
Bryan Mangum President | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $928,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $928,663 |
| Total Program Service Revenue | $2,076,723 |
| Investment income | $36,516 |
| 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 | $3,041,902 |
| 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 | $1,385,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,267 |
| Payroll taxes | $91,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,210 |
| Fees for services: Accounting | $13,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $572,141 |
| Advertising and promotion | $12,468 |
| Office expenses | $181,013 |
| Information technology | $5,250 |
| Royalties | $0 |
| Occupancy | $176,329 |
| Travel | $17,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $36,081 |
| Conferences, conventions, and meetings | $0 |
| Interest | $151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,863 |
| Insurance | $10,971 |
| All other expenses | $0 |
| Total functional expenses | $2,612,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,310 |
| Savings and temporary cash investments | $2,215,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,513 |
| 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 | $500,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,322 |
| Total assets | $3,221,709 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,426 |
| Total liabilities | $13,426 |
| Net assets without donor restrictions | $3,208,283 |
| 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 | $3,221,709 |