Asian Pacific Fund
- Assets
- $20.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- San Francisco, CA
- Founding
- 12/1994
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Asian Pacific Fund generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asian Pacific Fund has awarded 357 individual grants totaling $13,455,950. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE ASIAN AND PACIFIC ISLANDER COMMUNITY IN THE BAY AREA (CONTINUED ON SCHEDULE O) 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 $2,268,049 IN GRANTS TO ITS AFFILIATES. $404,790 CAME FROM DONOR ADVISED FUNDS TO A DIVERSE GROUP OF ASIAN ORGANIZATIONS IN THE BAY AREA AND OTHER NON-PROFIT ORGANIZATIONS. THESE GRANTS SUPPORTED CAPACITY BUILDING, LEADERSHIP DEVELOPMENT, CIVIC ENGAGEMENT, FUNDRAISING, TECHNOLOGY AND INFRASTRUCTURE. THE FUND ALSO DISTRIBUTED $164,585 IN SCHOLARSHIPS TO 64 STUDENTS, ALL SUPPORTED BY INDIVIDUAL DONORS.
VARIOUS COMMUNITY EDUCATION PROGRAMS
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 170 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 |
|---|---|---|---|
Gurpreet Tung Director Of Development | 40 | $149,554 | |
Susan May Sr Mgr, Scholarship & Donor Relations | 40 | $103,209 | |
Audrey Yamamoto Until 21822 Executive Director | Officer | 40 | $52,034 |
Carolyn Kong Started 11122 Executive Director | Officer | 40 | $40,833 |
Tom Cole Chair | OfficerTrustee | 1.5 | $0 |
Nelson Ishiyama Treasurer | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adrienne Pon Interim Ed Service | 12/30/22 | $107,625 |
The Bridgespan Group Consultation | 12/30/22 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,550 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,158,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,407,653 |
| Total Program Service Revenue | $0 |
| Investment income | $518,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$291,471 |
| Net Income from Fundraising Events | -$89,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,544,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,200,973 |
| Grants and other assistance to domestic individuals. | $164,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,350 |
| Compensation of current officers, directors, key employees. | $4,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,062 |
| Pension plan accruals and contributions | $24,362 |
| Other employee benefits | $16,463 |
| Payroll taxes | $38,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,115 |
| Fees for services: Accounting | $91,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,499 |
| Fees for services: Other | $335,794 |
| Advertising and promotion | $5,431 |
| Office expenses | $54,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,212 |
| Travel | $70,533 |
| 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 | $5,954 |
| Insurance | $7,151 |
| All other expenses | $0 |
| Total functional expenses | $4,661,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $805,342 |
| Pledges and grants receivable | $202,519 |
| 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 | $16,134 |
| Net Land, buildings, and equipment | $9,910 |
| Investments—publicly traded securities | $19,858,653 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,437 |
| Total assets | $20,898,995 |
| Accounts payable and accrued expenses | $84,686 |
| Grants payable | $75,000 |
| 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 | $159,686 |
| Net assets without donor restrictions | $8,229,133 |
| Net assets with donor restrictions | $12,510,176 |
| 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 | $20,898,995 |
Grants Awarded
Over the last fiscal year, Asian Pacific Fund has awarded $3,025,800 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN PACIFIC COMMUNITY FUND PURPOSE: FISCAL SPONSORSHIP TRANSFER (SWAA) | $1,400,134 |
SALUD PARA LA GENTE PURPOSE: DHTI GRANT | $125,000 |
ASIAN & PACIFIC ISLANDER AMERICAN VOTE PURPOSE: GRANT - YOUTH VOTER PROGRAM | $100,000 |
FILIPINO ADVOCATES FOR JUSTICE PURPOSE: LORETTA HUAHN GRANT | $49,500 |
FRIENDS OF ROOTS PURPOSE: GRANT FROM THE BENSON LOUIE FUND | $44,412 |
PAJARO VALLEY UNIFIED SCHOOL DISTRICT PURPOSE: GRANT | $75,000 |