Api Initiative Inc
- Assets
- $46.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chula Vista, CA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 82-0998345
Organization Overview
Api Initiative Inc is located in Chula Vista, CA. The organization was established in 2017. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Api Initiative Inc 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, Api Initiative Inc generated $94.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Fields Government Relations | 10 | $20,000 | |
Ed Arguelles Director | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $94,513 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,500 |
| Professional fees and other payments to independent contractors | $23,987 |
| Occupancy, rent, utilities, and maintenance | $9,760 |
| Printing, publications, postage, and shipping | $684 |
| Other expenses | $0 |
| Total expenses | $59,931 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,822 |
| Other assets | $0 |
| Total assets | $46,822 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Api Initiative Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Destination Crenshaw Los Angeles, CA | $35,511,106 | $11,299,025 |
The Epoch Times Media Group Los Angeles El Monte, CA | $739,683 | $7,015,472 |
Priddy Family Foundation Las Vegas, NV | $28,899,625 | $10,430,994 |
Kanu O Ka Aina Learning Ohana Kamuela, HI | $16,258,612 | $5,026,413 |
Napa Valley Festival Association Walnut Creek, CA | $13,659,159 | $11,728,133 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Puente De La Costa Sur Pescadero, CA | $6,663,176 | $5,921,974 |
San Francisco Japanese School San Francisco, CA | $7,835,658 | $4,070,640 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |
Japanese American Cultural And Community Center Los Angeles, CA | $13,866,059 | $4,524,826 |
Silicon Andhra Milpitas, CA | $6,902,831 | $4,723,243 |
Little Italy Association Of San Diego San Diego, CA | $1,240,601 | $3,253,229 |