Asia Pacific Cultural Center
- Assets
- $3.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 39
- Location
- Tacoma, WA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 91-1854410
Organization Overview
Asia Pacific Cultural Center is located in Tacoma, WA. The organization was established in 1998. 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. As of 12/2022, Asia Pacific Cultural Center employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asia Pacific Cultural Center 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 12/2022, Asia Pacific Cultural Center 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 15.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 14.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BRIDGE COMMUNITIES AND GENERATIONS THROUGH ART, CULTURE, EDUCATION AND BUSINESS. THE ORGANIZATION SERVES AS AN INTERACTIVE CULTURAL CROSSROADS BETWEEN LOCAL AND INTERNATIONAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASIA PACIFIC CULTURAL CENTER (APCC) IS A 501(C)(3) COMMUNITY BASED ORGANIZATION ESTABLISHED TO BRIDGE COMMUNITIES AND GENERATIONS THROUGH ARTS, CULTURE, EDUCATION AND BUSINESS. APCCS VISION WILL TRANSFORM OUR COMMUNITY TO BECOME A DYNAMIC, INCLUSIVE HUB FOR DIVERSE COMMUNITIES, CULTURES, AND GENERATIONS. APCC REPRESENTS, TEACHES, AND SHOWCASES THE FORTY SEVEN NATIONS THAT MAKE UP ALL OF ASIA AND THE SOUTH PACIFIC - ABOUT THEIR STORIES, HISTORIES, ARTS, CRAFTS, LANGUAGES, FOODS, CUSTOMS, CULTURES, AND THEIR PEOPLE! APCC IS IN SCHOOLS K-12, IN COLLEGES/UNIVERSITIES, IN GOVERNMENT AGENCIES, IN OTHER COMMUNITY ORGANIZATIONS, IN PUBLIC LIBRARIES, ALL ARTS ORGANIZATIONS, AND IN PUBLIC. APCC ADMINISTERS A VERY SUCCESSFUL YOUTH PROGRAM IN PIERCE COUNTY TO ASSIST CHILDREN AND YOUTH AGES 8YRS OLD TO 24 YRS OLD - SPECIFICALLY BUT NOT LIMITED TO ASIA PACIFIC STUDENTS WHO ARE FAILING IN SCHOOL, RUN AWAY FROM HOME, HOMELESS, INTO DRUGS AND GANGSTERS, CAUSING VIOLENT BEHAVIOR IN PUBLIC AND SCHOOLS, EXPELLED AND SUSPENDED FROM SCHOOL, COME FROM DYSFUNCTIONAL FAMILIES, ALOT DUE TO NON ENGLISH SPEAKING, LIMITED ENGLISH, POOR, HOMELESS, VIOLENT, AND DYSFUNCTIONAL FAMILIES! APCC NOT ONLY ASSISTS THESE STUDENTS IN SCHOOL BUT ALSO THEIR FAMILIES - WE PROVIDE WRAP AROUND SERVICES FOR THE ENTIRE FAMILY. APCC RUNS A VERY SUCCESSFUL OUTREACH PROGRAM TO HELP ASIA PACIFIC BUSINESSES AND FAMILIES. APCC PROVIDES ALL TYPES OF RESOURCES NEEDED TO KEEP AND OPEN A BUSINESS, AND ALSO TO CONNECT FAMILIES AND INDIVIDUALS TO RESOURCES THROUGH CULTURAL AND LANGUAGE COMPETENT SERVICES. DURING THE PANDEMIC, APCC PLAYED AND IS STILL PLAYING A FRONT ROLE IN PARTNERING WITH LOCAL AND STATE PUBLIC HEALTH DEPARTMENTS TO ADDRESS THE NEEDS FOR VACCINE AND TESTING, PPE SUPPLIES, AND FOOD DISTRIBUTION. APCC HAS SUCCESSFULLY PROVIDED ASSISTANCE THROUGH MULTIPLE LANGUAGES AND CULTURAL SERVICES THROUGHOUT THE PANDEMIC - WE ARE STILL DOING IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Q Cosio Secretary | OfficerTrustee | 1 | $0 |
Patsy Surh O'connell President | OfficerTrustee | 5 | $0 |
Belinda Y Louie Vice President | OfficerTrustee | 1 | $0 |
Gim Seow Treasurer | OfficerTrustee | 1 | $0 |
Xiaoming Zhang Director | Trustee | 1 | $0 |
Francisco Pascua Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,121 |
| Fundraising events | $36,108 |
| Related organizations | $0 |
| Government grants | $457,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,502,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,999,888 |
| Total Program Service Revenue | $0 |
| Investment income | $5,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$26,562 |
| Net Gain/Loss on Asset Sales | $18 |
| Net Income from Fundraising Events | $4,937 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,983,458 |
| 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. | $138,892 |
| Compensation of current officers, directors, key employees. | $27,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $746,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,164 |
| Payroll taxes | $78,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170 |
| Fees for services: Accounting | $12,010 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,711 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,724 |
| Office expenses | $130,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,227 |
| Travel | $6,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,194 |
| Interest | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,778 |
| Insurance | $15,157 |
| All other expenses | $0 |
| Total functional expenses | $1,779,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,632,289 |
| Savings and temporary cash investments | $1,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $388,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,862 |
| Total assets | $3,249,054 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,249,054 |
| 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 | $3,249,054 |