2023-11-08T11:09:54-06:00 2022-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2022-01-01 462071116 NATIONAL ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE AND ENTREPR NATI 2022042579 1300 PENNSYLVANIA AVENUE NW 700 WASHINGTON DC 20004 CHILING TONG PRESIDENT & CEO 2022042579 2023-11-07 1 CHILING TONG 999009999 0 JENNIFER S HAN P00633304 2022937000 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X NATIONAL ACE CHILING TONG 1300 PENNSYLVANIA AVENUE NW 700 WASHINGTON DC 20004 2718711 0 X WWW.NATIONALACE.ORG X 2013 DC TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) BY ASSISTING THE AAPI COMMUNITY THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT. 21 21 9 22 0 0 2013077 887677 1169814 1831034 0 0 6 0 3182897 2718711 0 391150 0 0 676410 1149382 0 0 0 908911 1282019 1585321 2822551 1597576 -103840 1929932 1985693 95273 254874 1834659 1730819 X TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) BY ASSISTING THE AAPI COMMUNITY THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT. 0 1 AAPISTRONG - THE NATIONAL ACE WORKS WITH ASIAN AMERICAN AND PACIFIC ISLANDER BUSINESS COMMUNITIES THROUGH OUR VIRTUAL TECHNICAL ASSISTANCE PROGRAM TO PROVIDE SMALL BUSINESSES AND ENTREPRENEURS THE RESOURCES AND EDUCATION THEY NEED TO BE SUCCESSFUL. ACE'S GOAL IS TO HELP ORGANIZATIONS DEVELOP EFFECTIVE COMMUNICATIONS, MARKETING, AND SOCIAL MEDIA BY TEACHING AND ONE-ON-ONE CONSULTING TO CHAMBERS, NON-PROFIT GROUPS, AND SMALL BUSINESSES WHO WANT TO TRANSITION TO DIGITAL PLATFORMS. ACE ALSO SUPPORTS MINORITY BUSINESS ENTERPRISES AND AAPI CHAMBERS OF COMMERCE BY INVESTING IN LOCAL COMMUNITIES WHILE WORKING TO IMPROVE THE WELL-BEING, ECONOMIC RESILIENCE, AND MOBILITY OF THE MINORITY BUSINESS COMMUNITY. CONFERENCES AND SUMMITS - THE NATIONAL ACE AAPISTRONG ANNUAL CONFERENCE BROUGHT TOGETHER ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) ENTREPRENEURS, SMALL BUSINESS OWNERS, LOCAL AAPI CHAMBERS OF COMMERCE FROM AROUND THE COUNTRY, CORPORATE PARTNERS, AND COMMUNITY LEADERS TO ENGAGE IN LEADERSHIP PROGRAMMING AND NETWORK BUILDING. PARTICIPANTS WILL DISCOVER INNOVATIVE OPPORTUNITIES FOR CAPITAL BUILDING, RECEIVE LEGISLATIVE UPDATES, AND HEAR INSPIRING STORIES FROM ENTREPRENEURS IN THE COMMUNITY. NATIONAL ACE ALSO HOSTS OTHER EVENTS AND SUMMITS FOR SMALL BUSINESS OWNERS FOR ACCESS TO CAPITAL, INVESTING IN AANHPI BUSINESSES, AND STAYING COMPETITIVE IN A DIGITAL WORLD. SPECIAL PROJECTS - THE NATIONAL ACE ENGAGES IN SPECIAL PROJECTS TO SUPPORT AANHPI SMALL BUSINESS OWNERS ACROSS INDUSTRIES BY PROVIDING CASH GRANTS. WE PROVIDE FUNDING TO ELIGIBLE SMALL BUSINESS OWNERS TO PROVIDE WORKING CAPITAL FOR THEIR COMPANIES TO GROW AND ECONOMICALLY THRIVE. ACE NEXTGEN POLICY OTHER PROGRAMS 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 9 1 0 0 0 0 1 0 0 0 0 0 0 X 21 21 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X CHILING TONG 2022042579 1300 PENNSYLVANIA AVENUE NW NO 700 WASHINGTON DC 20004 KAREN ENG CHAIRWOMAN 2.00 X X 0 0 0 SUSAN JIN DAVIS VICE CHAIR 2.00 X X 0 0 0 MARIKO CARPENTER SECRETARY 2.00 X X 0 0 0 ED CHAN DIRECTOR 2.00 X 0 0 0 JASON CHAN DIRECTOR 1.00 X 0 0 0 ANGELA CHANG DIRECTOR 1.00 X 0 0 0 ANDREW CHAU DIRECTOR 1.00 X 0 0 0 TRACEY DOI DIRECTOR (UNTIL OCT 2022) 1.00 X 0 0 0 FA'AVAE J FA'AVAE DIRECTOR 1.00 X 0 0 0 JIMMY FERGUSON DIRECTOR 1.00 X 0 0 0 GARRETT GIN DIRECTOR 1.00 X 0 0 0 JACOB HSU DIRECTOR 1.00 X 0 0 0 KAREN IDENO DIRECTOR 1.00 X 0 0 0 BILL IMADA DIRECTOR 1.00 X 0 0 0 JOON KIM DIRECTOR 1.00 X 0 0 0 PAT FONG KUSHIDA DIRECTOR (ON DEC 9 2022) 1.00 X 0 0 0 CHRIS LAW DIRECTOR 1.00 X 0 0 0 GRACE LEE DIRECTOR (ON DEC 9 2022) 1.00 X 0 0 0 ROBERTO LLAMES DIRECTOR 1.00 X 0 0 0 MICHELLE MI DIRECTOR 1.00 X 0 0 0 AMAR SHOKEEN DIRECTOR 1.00 X 0 0 0 THEAR SUZUKI DIRECTOR 1.00 X 0 0 0 CHILING TONG PRESIDENT / CEO 40.00 X 265734 0 17488 DANIEL OLIVER CHIEF OPERATING OFFICER 40.00 X 143907 0 26374 409641 0 43862 2 0 1 0 0 887677 887677 PROGRAM SERVICE FEES 900099 1371034 1371034 MANAGEMENT FEES 900099 460000 460000 1831034 2718711 1831034 0 0 X 391150 453503 573222 775 49558 72324 36366 71798 636938 1017 83108 28239 16840 120140 280229 2830 4514 2822551 1585065 1517061 25000 25000 11936 29331 9218 5706 6342 3512 301589 410789 1929932 1985693 70267 179868 25006 75006 95273 254874 X 1317576 1248319 517083 482500 1834659 1730819 1929932 1985693 -103840 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9218 5706 3512 3512 DUE FROM AFFILIATE 409949 DEPOSITS 840 410789 DUE TO AFFILIATE 75006 75006 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2022 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. 0 COMMITTEE OF 100 INC PO BOX 3504 NEW YORK NY 10008 133627542 501(C)(3) 25000 0 SPONSORSHIP ASIAN PACIFIC AMERICAN CHAMBER OF COMMERCE PO BOX 54 CLAWSON MI 48017 383572921 501(C)(6) 18000 0 SPONSORSHIP PACIFIC ISLAND KNOWLEDGE 2 ACTION RESOURCES INC 824 S 400 W SUITE B113 SALT LAKE CITY UT 84101 474185069 501(C)(3) 18000 0 SPONSORSHIP INTERNATIONAL LEADERSHIP FOUNDATION 1300 PENNSYLVANIA AVENUE NW SUITE 700 WASHINGTON DC 20004 943362322 501(C)(3) 17500 0 SPONSORSHIP THE CENTER FOR ASIAN PACIFIC AMERICAN WOMEN 75 BROADWAY SUITE 202 SAN FRANCISCO CA 94111 841309405 501(C)(3) 17300 0 SPONSORSHIP FILIPINO CHAMBER OF COMMERCE OF THE PACIFIC NORTHWEST PO BOX 55371 SEATTLE WA 98155 911672423 501(C)(6) 17000 0 SPONSORSHIP US-CHINA CHAMBER OF COMMERCE DALLAS 909 W SPRING CREEK PKWY SUITE 210-3060 PLANO TX 75023 141883061 501(C)(6) 16000 0 SPONSORSHIP ASIAN BUSINESS ASSOCIATION 767 N HILL STREET SUITE 308 LOS ANGELES CA 90012 953446900 501(C)(6) 15500 0 SPONSORSHIP CHINESE MUTUAL AID ASSOCIATION 1016 W ARGYLE STREET CHICAGO IL 60640 363139799 501(C)(3) 15000 0 SPONSORSHIP CIEUSA-SF PO BOX 2880 CUPERTINO CA 95015 943145793 501(C)(3) 15000 0 SPONSORSHIP LIFTFUND 2014 S HACKBERRY SAN ANTONIO TX 78210 742712770 501(C)(3) 15000 0 SPONSORSHIP FILIPINO AMERICAN CHAMBER OF COMMERCE OF GREATER LA INC 16133 VENTURA BOULEVARD SUITE 700 ENCINO CA 91436 542171511 501(C)(6) 14000 0 SPONSORSHIP ASIAN AMERICAN CHAMBER OF COMMERCE 8300 BOONE BLVD SUITE 450 TYSONS CORNER CA 22182 271302191 501(C)(3) 12000 0 SPONSORSHIP ASIAN AMERICAN FOR BETTER COMMUNITY 20111 STEVENS CREEK BOULEVARD SUITE 280 CUPERTINO CA 95014 611904474 501(C)(3) 12000 0 SPONSORSHIP ASIAN CHAMBER OF COMMERCE (HOUSTON) 3535 BRIARPARK DRIVE SUITE 108 HOUSTON TX 77042 760316809 501(C)(6) 12000 0 SPONSORSHIP CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE 1610 R STREET SUITE 300 SACRAMENTO CA 95811 680423644 501(C)(6) 12000 0 SPONSORSHIP HSU EDUCATIONAL FOUNDATION 70 READY AVENUE NW FORT WALTON BEACH FL 32548 475426274 501(C)(3) 12000 0 SPONSORSHIP CAPCC FOUNDATION 516 MAIN ST JOHNSTOWN PA 15901 251150439 501(C)(3) 10000 0 SPONSORSHIP UHRI 2118 WILSHIRE BOULEVARD 112 SANTA MONICA CA 90403 814146595 501(C)(3) 10000 0 SPONSORSHIP CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE 401 HAWTHORNE LANE SUITE 110-137 CHARLOTTE NC 28204 562153855 501(C)(6) 9500 0 SPONSORSHIP GFCBW-BALTIMORE 1112 HUNT CREEK LANE SPARKS MD 21152 9000 0 SPONSORSHIP STANISLAUS CHINESE ASSOCIATION 600 E UNION AVE MODESTO CA 95356 510193246 501(C)(3) 9000 0 SPONSORSHIP ASIAN CHAMBER OF COMMERCE 444 SHERMAN STREET SUITE DBC DENVER CO 80203 840951134 501(C)(6) 7500 0 SPONSORSHIP UNITED CAMBODIAN COMMUNITY 2201 E ANAHEIM STREET 200 LONG BEACH CA 90804 953442295 501(C)(3) 7000 0 SPONSORSHIP ASIAN ENTREPRENEURSHIP FOUNDATION PO BOX BOSTON MA 02205 474004081 501(C)(3) 6000 0 SPONSORSHIP THE CHINESE CHAMBER OF COMMERCE OF NEW YORK 33 BOWERY ROOM C202 NEW YORK NY 10002 131917986 501(C)(6) 6000 0 SPONSORSHIP THE GREATER SEATTLE CHINESE CHAMBER OF COMMERCE PO BOX 3182 SEATTLE WA 98114 916181686 501(C)(6) 5750 0 SPONSORSHIP 15 12 X X 1 0 0 CHILING TONG PRESIDENT / CEO 225734 0 40000 0 0 0 17488 0 0 0 283222 0 0 0 DANIEL OLIVER CHIEF OPERATING OFFICER 143907 0 0 0 0 0 3947 0 22427 0 170281 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS AN ANNUAL EVALUATION ON THE PERFORMANCE OF THE PRESIDENT/CEO. THE RECOMMENDATIONS OF THE EXECUTIVE COMMITTEE ARE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL AND ADOPTION. PART I, LINE 4A DANIEL OLIVER, THE ORGANIZATION'S CHIEF OPERATING OFFICER, RECEIVED $28,000 IN SEVERANCE PAY IN 2022. FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED CONDUCTING THE 'COVID-19 RESPONSE' PROGRAM SERVICE IN 2022. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS PAYING DUES. A MEMBER WHO IS NOT PART OF THE BOARD OF DIRECTORS DOES NOT HAVE ANY VOTING RIGHTS. MEMBERS CAN MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS WHICH ARE OF AN ADVISORY NATURE ONLY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY THE PRESIDENT & CEO AND THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEW, AT A MINIMUM, INCLUDES THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INURNMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ACE'S BOARD OF DIRECTORS CREATES A COMPENSATION COMMITTEE TO REVIEW COMPENSATION FINDINGS AND PROVIDE RECOMMENDATIONS AND GUIDANCE ON THE COMPENSATION PACKAGE. AFTER REVIEWING THE REPORT FINDINGS AND CONSIDERING THE DATA REGARDING COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, THE COMPENSATION COMMITTEE TAKES ACTION AND RECOMMENDS THE COMPENSATION PACKAGE FOR THE CEO. THE PROCESS WAS LAST CONDUCTED IN NOVEMBER 2021. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE COO INCLUDES ALL OF THE FOLLOWING ELEMENTS: 1. REVIEWING THE ORGANIZATION'S STRUCTURE, INCLUDING THE OPERATING BUDGET, KEY METRICS, AND INDUSTRY. 2. REVIEWING AVAILABLE POSITION DESCRIPTIONS AND ORGANIZATIONAL CHARTS TO IDENTIFY JOB DUTIES AND RESPONSIBILITIES. 3. IDENTIFYING AND ANALYZING COMPENSATION DATA FROM PUBLISHED INDUSTRY SOURCES AND PEER NATIONAL DATA, BOTH FOR BASE SALARY AND TOTAL CASH COMPENSATION (ANNUAL BASE PLUS ANNUAL BONUS). ADDITIONALLY, MARKET FINDINGS FOR THE COO AND FOR ACE'S OTHER CLASSIFICATIONS ARE PRESENTED TO ACE'S CEO FOR REVIEW AND DISCUSSION. BASED ON A DISCUSSION WITH ACE'S CEO REGARDING THE COO'S JOB PERFORMANCE, TENURE WITH THE ORGANIZATION, AND HIS ROLE AS A KEY CONTRIBUTOR TO THE ORGANIZATION, AN ANNUAL ADJUSTMENT FOR THE COO'S 2022 BASE PAY WAS MADE. THE PROCESS WAS LAST CONDUCTED IN NOVEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION, UPON REQUEST, MAKES AVAILABLE ITS FORM 990 AND ALL OTHER DOCUMENTS REQUIRED BY LAW TO BE MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS AND ANY POLICY DOCUMENTS ARE PROVIDED TO THE INTERESTED PARTIES, SUCH AS FUNDERS, UPON REQUEST. THE BOARD OF DIRECTORS RESERVES THE RIGHT TO EVALUATE THE NECESSITY OF EACH SUCH REQUEST FOR FINANCIAL STATEMENTS AND POLICY DOCUMENTS AND TO DETERMINE, IN ITS SOLE DISCRETION, WHETHER TO RELEASE THESE DOCUMENTS TO AN OUTSIDE PARTY. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING 6,164. BUSINESS ADVISORY SERVICES 23,250. PHOTOGRAPHY 5,750. CONSULTANCY SERVICES TO THE MBDA CARES ACT GRANT AWARD 39,810. EVENT PLANNING AND LOGISTICS SERVICES 25,000. PREPARATION AND DEVELOPMENT OF A NATIONAL SURVEY 85,000. AUDIO VISUAL 5,445. CONTRACT SERVICES TO NEXTGEN CIRCLE 184,272. CONTRACT SERVICES TO OTHER PROGRAMS 96,902. OTHER CONSULTANTS 165,345. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.