Asian Resources Inc
- Assets
- $8.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 67
- Location
- Sacramento, CA
- Founding
- 06/1980
- Data as of
- 09/2023
- EIN
- 94-2658135
Organization Overview
Asian Resources Inc is located in Sacramento, CA. The organization was established in 1980. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 09/2023, Asian Resources Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Resources 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 09/2023, Asian Resources Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $4.7m during the year ending 09/2023. While expenses have increased by 10.4% 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.
Since 2021, Asian Resources Inc has awarded 87 individual grants totaling $1,655,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT AND TRAINING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY HAS THREE PRINCIPAL AREAS OF SERVICES: EMPLOYMENT, TRAINING, AND COMMUNITY SERVICES. IN EMPLOYMENT SERVICES, SPECIALISTS ASSIST CLIENTS BY PREPARING THEM FOR WORK THROUGH RESUME, INTERVIEWING, AND APPLICATION ASSISTANCE. IN TRAINING, THE AGENCY PROVIDES EMPLOYMENT DEVELOPMENT SUCH AS HOW TO FIND, KEEP, AND GROW IN A JOB, AS WELL AS LIFE SKILLS. ALSO, THE AGENCY PROVIDES INDUSTRY SPECIFIC TRAINING THAT BRIDGE GAPS IN INDUSTRY NEEDS AND ENTRY LEVEL EMPLOYEES, CREATING QUALIFIED CANDIDATES IN SPECIFIC SECTORS. IN COMMUNITY SERVICES, SPECIALISTS ASSIST IN ACCESSING THE RESOURCES THEY NEED TO NAVIGATE THE PATHS THEY FACE AS THEY MAKE THE TRANSITION TO LIFE IN OUR COMMUNITY. THE GOALS OF THESE PROGRAMS ARE PEOPLE'S SELF-SUFFICIENCY.EMPLOYMENT PROGRAMS FOR ADULTSREFUGEE PROGRAMS - SERVICES INCLUDE VOCATIONAL ENGLISH AS A SECOND LANGUAGE CLASSES, AND EMPLOYMENT SERVICES.JOB CENTER - CAREER COACHING, VOCATIONAL OPPORTUNITIES, CAREER WORKSHOPS, EMPLOYMENT SERVICES, FINANCIAL ASSISTANCE, HOUSING INFORMATION, VOCATIONAL SCHOLARSHIPS, AND COMMUNITY RESOURCES.ADULT PROGRAM - ONE ON ONE CAREER COACHING AND TUITION ASSISTANCE.ON-THE-JOB TRAINING - EMPLOYERS PROVIDE HANDS-ON TRAINING AND WORK EXPERIENCE.CASE MANAGEMENT - PARTICIPANTS RECEIVE ONGOING CASE MANAGEMENT AND COUNSELING. YOUTH EMPLOYMENT PROGRAMSOUT YOUTH PROGRAM - YOUTH GAIN EXPERIENCE AND IMPORTANT LIFE SKILLS THROUGH JOB PLACEMENT AND CLASSROOM TRAINING.YOUTH EXECUTIVE ACADEMY IS A GROUP OF YOUNG DIVERSE LEADERS (15-23 YEARS OF AGE) WHOSE MISSION IS TO CREATE POSITIVE SOCIAL CHANGE BY CREATING AN EMPOWERING COMMUNITY AND ADVANCING THE VOICE OF YOUNG PEOPLE. COMMUNITY SERVICESIN-LANGUAGE SUPPORTSMUD ENERGY ASSISTANCE PROGRAMPG&E CARE PROGRAM DISCOUNTED DIGITAL ACCESS ENGLISH AS A SECOND LANGUAGE CLASSES CITIZENSHIP AND NATURALIZATION PREPARATION VITA/EITC TAX PREPARATION COVERED CALIFORNIA ENROLLMENTMEDICAL ENROLLMENTHEALTH EDUCATION AND RESOURCESCALFRESH ENROLLMENT ASSISTANCEFOREIGN HUMAN TRAFFICKING ASSISTANCEIMMIGRATION ASSISTANCECOMMUNITY ADVOCACYVOLUNTEER SERVICESEMPLOYER SERVICES EDUCATIONAL TRAINING RECRUITMENT AND SCREENING: PRE-SCREENED, QUALIFIED CANDIDATES. JOB PLACEMENT PROGRAMS: EMPLOYERS RECEIVE PRE-SCREENED REFERRALS AND WAGE REIMBURSEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonney Chong President | OfficerTrustee | 2 | $0 |
Thi DO Vice-President | OfficerTrustee | 2 | $0 |
Irfan Mehmood Secretary Treasurer | OfficerTrustee | 2 | $0 |
Daniel Washington Director At Large | OfficerTrustee | 2 | $0 |
Chao Danny Vang Director At Large | Trustee | 2 | $0 |
Oanh Meyer Director At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,913,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,252,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,166,244 |
| Total Program Service Revenue | $0 |
| Investment income | $4,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,874 |
| Net Income from Fundraising Events | $65,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,238,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $830,000 |
| 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. | $449,982 |
| Compensation of current officers, directors, key employees. | $8,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,455,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $188,590 |
| Payroll taxes | $193,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,500 |
| Fees for services: Accounting | $137,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,837 |
| Advertising and promotion | $35,811 |
| Office expenses | $144,123 |
| Information technology | $26,206 |
| Royalties | $0 |
| Occupancy | $102,580 |
| Travel | $19,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,636 |
| Interest | $63,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,986 |
| Insurance | $37,988 |
| All other expenses | $15,700 |
| Total functional expenses | $4,728,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,967,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,256,954 |
| 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 | $51,551 |
| Net Land, buildings, and equipment | $3,942,962 |
| Investments—publicly traded securities | $422,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,694 |
| Total assets | $8,853,181 |
| Accounts payable and accrued expenses | $611,827 |
| 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 | $1,986,553 |
| Other liabilities | $735,428 |
| Total liabilities | $3,333,808 |
| Net assets without donor restrictions | $5,519,373 |
| 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 | $8,853,181 |
Grants Awarded
Over the last fiscal year, Asian Resources Inc has awarded $825,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ACC SENIOR SERVICES PURPOSE: TO PROVIDE EMPLOYMENT AND TRAINING SERVICES | $20,000 |
AFRICA HOUSE OF SACRAMENTO PURPOSE: TO PROVIDE EMPLOYMENT AND TRAINING SERVICES | $30,000 |
ASIAN PACIFIC ISLANDER AMERICAN PUBLIC AFFAIRS ASSOCIATON (APAPA) PURPOSE: TO PROVIDE EMPLOYMENT AND TRAINING SERVICES | $12,500 |
ASIAN PACIFIC ISLANDER FORWARD MOVEMENT PURPOSE: TO PROVIDE EMPLOYMENT AND TRAINING SERVICES | $13,500 |
CAPITAL PURPOSE: TO PROVIDE EMPLOYMENT AND TRAINING SERVICES | $75,000 |
FAMILIES IN GOOD HEALTH PURPOSE: TO PROVIDE EMPLOYMENT AND TRAINING SERVICES | $24,500 |