Asian Pacific Community Fund Of Southern California
- Assets
- $24.4m
- Revenue
- $6.7m
- Investments
- $21.6m
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 95-4257997
Organization Overview
Asian Pacific Community Fund Of Southern California is located in Los Angeles, CA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Asian Pacific Community Fund Of Southern California employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Pacific Community Fund Of Southern California 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 Community Fund Of Southern California generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 20.9% 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.
Since 2014, Asian Pacific Community Fund Of Southern California has awarded 253 individual grants totaling $5,038,766. 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
OUR MISSION IS TO CULTIVATE PHILANTHROPISTS TO INVEST IN ORGANIZATIONS THAT EMPOWER UNDER-SERVED ASIAN AND PACIFIC ISLANDERS (API) TO PROSPER BY 1) BUILDING HEALTHIER COMMUNITIES, 2) DEVELOPING API LEADERS, 3) CREATING A STRONGER API VOICE, AS WE BELIEVE THAT OUR COMMUNITIES ARE BEST SERVED BY STRONG NONPROFITS THAT ARE LINGUISTICALLY ACCESSIBLE AND CULTURALLY APPROPRIATE TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, TOGETHER WITH APCF'S 74 NETWORK AGENCIES IN LOS ANGELES AND ORANGE COUNTIES, WE SERVE OVER 4.9 MILLION PEOPLE ANNUALLY, PRIMARILY LOW-INCOME, IMMIGRANT AAPIS, WITH PROGRAMS AND SERVICES IN 34 AAPI LANGUAGES, AS WELL AS ENGLISH AND SPANISH.AS AN AAPI-FOCUSED COMMUNITY FUND, APCF BELIEVES THAT OUR DIVERSE COMMUNITIES ARE BEST SERVED BY NONPROFITS THAT SPEAK OUR LANGUAGES, KNOW OUR CULTURES, AND HAVE THE TRUST OF OUR COMMUNITY MEMBERS. APCF CONTINUES TO BE RESPONSIVE TO MEET THE EVOLVING NEEDS OF OUR AAPI NONPROFIT SECTOR WITH THE FOLLOWING:1. CREATED NEW GRANT FUNDING IN RESPONSE TO OUR CALL FOR PHILANTHROPY TO MAKE TIMELY AND SIGNIFICANT INVESTMENTS IN OUR LOCAL AAPI NONPROFIT SECTOR WHEN OUR COMMUNITIES NEED HELP THE MOST - RESULTING IN 2021'S WOMEN LEADERSHIP IN PHILANTHROPY FUND.2. DEVELOPED AN AAPI NONPROFIT PROGRAMS MATRIX TO HELP DONORS NAVIGATE AND DIRECT THEIR GIVING FOR THE GREATEST IMPACT TO LOCAL AAPI COMMUNITIES, WITH CATEGORIES THAT INCLUDE COVID-RELATED SERVICES SUCH AS VACCINATIONS AND FOOD DELIVERIES AS WELL AS ADDRESSING ANTI-ASIAN HATE.3. COMMUNITY EVENTS PAGE TO INCLUDE ONGOING FREE WEBINARS AND OTHER CAPACITY BUILDING/TECHNICAL ASSISTANCE VIRTUAL WORKSHOPS IN BOARD LEADERSHIP PROGRAM AND MEET THE FUNDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy On Chairman | OfficerTrustee | 1 | $0 |
Marco Cordova Vice-Chair | OfficerTrustee | 1 | $0 |
Tony Chou Secretary | OfficerTrustee | 1 | $0 |
Elaine Quach Treasurer | OfficerTrustee | 1 | $0 |
Victor Cheng Director | Trustee | 1 | $0 |
Eljay Feuerman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,006,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,006,499 |
| Total Program Service Revenue | $624,372 |
| Investment income | $480,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$644,230 |
| Net Income from Fundraising Events | $258,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,726,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,955,143 |
| Grants and other assistance to domestic individuals. | $417,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $80,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,000 |
| Compensation of current officers, directors, key employees. | $33,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,085 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,343 |
| Travel | $1,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,321 |
| Insurance | $31,149 |
| All other expenses | $23,855 |
| Total functional expenses | $3,662,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,665,997 |
| 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 | $95,004 |
| Net Land, buildings, and equipment | $23,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,616,244 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $879 |
| Total assets | $24,401,425 |
| Accounts payable and accrued expenses | $136,630 |
| 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 | $136,630 |
| Net assets without donor restrictions | $5,333,223 |
| Net assets with donor restrictions | $18,931,572 |
| 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 | $24,401,425 |
Grants Awarded
Over the last fiscal year, Asian Pacific Community Fund Of Southern California has awarded $1,694,668 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: SEE SCHEDULE O MISSION STATEMENT. | $6,000 |
ARBOR SPRINGS MINISTRIES PURPOSE: SEE SCHEDULE O MISSION STATEMENT. | $6,500 |
ARMY & NAVY ACADEMY PURPOSE: SEE SCHEDULE O MISSION STATEMENT | $10,000 |
ASCENT CHRISTIAN FELLOWSHIP PURPOSE: SEE SCHEDULE O MISSION STATEMENT. | $5,775 |
ASIAN PACIFIC FUND PURPOSE: SEE SCHEDULE O MISSION STATEMENT | $20,000 |
ASIAN PACIFIC ISLANDER SMALL BUSINESS PROGRAM PURPOSE: SEE SCHEDULE O MISSION STATEMENT. | $10,000 |