Asian Pacific Fund
- Assets
- $25.8m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 7
- Location
- San Francisco, CA
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 94-3201522
Organization Overview
Asian Pacific Fund is located in San Francisco, CA. The organization was established in 1994. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Asian Pacific Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Pacific Fund 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, Asian Pacific Fund generated $16.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 23.9% per year over the past 7 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 2015, Asian Pacific Fund has awarded 280 individual grants totaling $10,430,150. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE ASIAN AND PACIFIC ISLANDER COMMUNITY IN THE BAY AREA BY INCREASING PHILANTHROPY AND SUPPORTING THE ORGANIZATIONS THAT SERVE OUR MOST VULNERABLE COMMUNITY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS TO NON-PROFIT ORGANIZATIONS SERVING THE BAY AREA'S MOST VULNERABLE ASIAN AND PACIFIC ISLANDERS - ASIAN PACIFIC FUND DISTRIBUTED $4,607,255 IN GRANTS TO ITS AFFILIATES. $417,521 CAME FROM DONOR ADVISED FUNDS TO A DIVERSE GROUP OF ASIAN ORGANIZATIONS IN THE BAY AREA AND OTHER NON-PROFIT ORGANIZATIONS. THESE GRANTS SUPPORTED COVID-RELATED EFFORTS SUCH AS VACCINE CLINICS AND ADDRESSING VACCINATION DISINFORMATION, PROVIDING FOOD AND HOUSING SECURITY, DOMESTIC VIOLENCE EMERGENCY HOUSING AND WRAP-AROUND SERVICES, ADDRESSING AN ANTI-ASIAN ENVIRONMENT BY PROVIDING ESCORTS AND FOOD/MEDICINE HOME DELIVERIES FOR ASIAN SENIORS, LEGAL SERVICES FOR VICTIMS OF HATE CRIMES, MENTAL HEALTH SUPPORT, AND RACIAL SOLIDARITY BUILDING EFFORTS TO OTHER COMMUNITIES OF COLOR. THE FUND ALSO DISTRIBUTED $181,533 IN SCHOLARSHIPS TO 64 STUDENTS, ALL SUPPORTED BY INDIVIDUAL DONORS.
SERVICES FOR AFFILIATE ORGANIZATIONS - THIS INCLUDES HELPING 80+ SAN FRANCISCO BAY AREA ORGANIZATIONS WITH TRAININGS, INFORMATION, CONSULTATIONS, AND WORKSHOPS TO STRENGTHEN THEIR ORGANIZATIONAL CAPACITY IN AREAS SUCH AS FUND DEVELOPMENT, DATA MANAGEMENT, PROGRAM EXPANSION, AND SUCCESSION PLANNING. ALSO, THIS INCLUDES REGULAR OUTREACH TO POTENTIAL DONORS TO SHED LIGHT ON THE NEEDS OF OUR AFFILIATE NONPROFIT ORGANIZATIONS.
API SUMMIT - THE EVENT BROUGHT TOGETHER 225 PARTICIPANTS INCLUDING FOUNDATION, BUSINESS, MEDIA AND GOVERNMENT LEADERS TO DISCUSS AND ADDRESS THE EMERGING NEEDS OF ASIANS AND PACIFIC ISLANDERS IN THE BAY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Yamamoto Executive Director | Officer | 40 | $192,500 |
Emerald Yeh Secretary | OfficerTrustee | 2 | $0 |
Tom Cole Chair | OfficerTrustee | 2 | $0 |
Nelson Ishiyama Treasurer | OfficerTrustee | 2 | $0 |
Neel Chatterjee Director | Trustee | 1 | $0 |
Steve Chen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $221,558 |
| Related organizations | $0 |
| Government grants | $75,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,765,906 |
| Noncash contributions included in lines 1a–1f | $150,061 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,062,655 |
| Total Program Service Revenue | $0 |
| Investment income | $426,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $568,130 |
| Net Income from Fundraising Events | -$12,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,047,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,843,243 |
| Grants and other assistance to domestic individuals. | $181,533 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,057 |
| Compensation of current officers, directors, key employees. | $10,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,511 |
| Payroll taxes | $34,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,823 |
| Fees for services: Accounting | $73,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,192 |
| Fees for services: Other | $1,099,701 |
| Advertising and promotion | $227,020 |
| Office expenses | $109,706 |
| Information technology | $6,538 |
| Royalties | $0 |
| Occupancy | $73,784 |
| Travel | $51,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,251 |
| Insurance | $4,142 |
| All other expenses | $1,767 |
| Total functional expenses | $7,339,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $4,002,042 |
| 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 | $36,057 |
| Net Land, buildings, and equipment | $15,864 |
| Investments—publicly traded securities | $21,706,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,962 |
| Total assets | $25,769,246 |
| Accounts payable and accrued expenses | $151,842 |
| 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 | $151,842 |
| Net assets without donor restrictions | $8,779,204 |
| Net assets with donor restrictions | $16,838,200 |
| 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 | $25,769,246 |
Grants Awarded
Over the last fiscal year, Asian Pacific Fund has awarded $4,701,830 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $1,515,793 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $300,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $125,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $101,500 |
Santa Cruz, CA PURPOSE: GENERAL SUPPORT | $100,000 |
Portola Vally, CA PURPOSE: GENERAL SUPPORT | $91,080 |
Grants Recieved
Over the last fiscal year, we have identified 50 grants that Asian Pacific Fund has recieved totaling $3,297,022.
| Awarding Organization | Amount |
|---|---|
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT AAPI COMMUNITIES IN CA | $1,250,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $677,291 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $349,200 |
Asian American Equal Opportunity Fund Washington, DC PURPOSE: PROGRAM SUPPORT | $125,000 |
Wallace H Coulter Foundation Miami, FL PURPOSE: GENERAL SUPPORT | $125,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $105,600 |
Endowment Analysis
| Beg. Balance | $13,010,237 |
| Earnings | $1,597,306 |
| Net Contributions | $4,037 |
| Other Expense | $534,612 |
| Ending Balance | $14,076,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |
Childrens Legal Services Of San Diego San Diego, CA | $3,320,083 | $4,712,343 |