2025-06-20T07:19:45-05:00 2024-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2024-01-01 462071116 ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP ASIA 2022042579 1300 PENNSYLVANIA AVENUE NW 700 WASHINGTON DC 20004 CHILING TONG PRESIDENT AND CEO 2022042579 2025-06-17 1 1 JENNIFER S HAN P00633304 2022937000 2025-06-17 2024 2025-03-06 01:10:19Z NATIONAL ACE CHILING TONG 1300 PENNSYLVANIA AVENUE NW 700 WASHINGTON DC 20004 2655979 0 X WWW.NATIONALACE.ORG X 2013 DC ADVANCE THE ASIAN AMERICAN AND PACIFIC ISLANDER BUSINESS COMMUNITY BY FOSTERING ECONOMIC GROWTH. 23 22 12 24 0 0 1253590 2155161 789000 469500 17491 26221 1000 5097 2061081 2655979 0 15000 0 0 979782 1105498 0 0 0 1209110 1528109 2188892 2648607 -127811 7372 1725009 1703213 119582 93243 1605427 1609970 TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT. 0 0 AAPISTRONG AND SMALL BUSINESS PRIORITY - NATIONAL ACE WORKS WITH ASIAN AMERICAN AND PACIFIC ISLANDER AND ALL SMALL 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 BUSINESS ENTERPRISES AND CHAMBERS OF COMMERCE BY INVESTING IN LOCAL COMMUNITIES WHILE WORKING TO IMPROVE THE WELL-BEING, ECONOMIC RESILIENCE, AND MOBILITY OF THE SMALL 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 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. 0 1 0 0 0 0 0 0 0 1 0 0 1 0 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 20 0 1 12 1 0 0 0 0 1 1 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X MICHELLE IM 2022042579 1300 PENNSYLVANIA AVENUE NW NO 700 WASHINGTON DC 20004 THEAR SUZUKI CHAIR 2.00 X X 0 0 0 GARRETT GIN CHAIR-ELECT 2.00 X X 0 0 0 GRACE LEE TREASURER 2.00 X X 0 0 0 ANGELA CHANG SECRETARY 2.00 X X 0 0 0 ADEEL AFSHAR DIRECTOR 1.00 X 0 0 0 JASON CHAN DIRECTOR 1.00 X 0 0 0 SUSAN JIN DAVIS DIRECTOR 1.00 X 0 0 0 KAREN ENG DIRECTOR 1.00 X 0 0 0 FA'AVAE FA'AVAE DIRECTOR 1.00 X 0 0 0 JIMMY FERGUSON 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/CONSULTANT 4.00 X 0 0 0 CHRIS LAW DIRECTOR 1.00 X 0 0 0 ROBERTO LLAMES DIRECTOR 1.00 X 0 0 0 MANUMALO MAUASAU DIRECTOR 1.00 X 0 0 0 MICHELLE MI DIRECTOR (THROUGH JANUARY) 1.00 X 0 0 0 ANDREW MOY DIRECTOR 1.00 X 0 0 0 SANDEEP NAIN DIRECTOR 1.00 X 0 0 0 AMAR SHOKEEN DIRECTOR (THROUGH APRIL) 1.00 X 0 0 0 GEORGE TANAKA DIRECTOR 1.00 X 0 0 0 TONY WALLER DIRECTOR 1.00 X 0 0 0 HELENE YAN DIRECTOR 1.00 X 0 0 0 VIVIAN YOUNG DIRECTOR 1.00 X 0 0 0 CHILING TONG PRESIDENT AND CEO 40.00 X 269074 0 7029 JAN-IE LOW VP OF CORP. DEVELOPMENT/EVENTS 40.00 X 156150 0 0 EMILY FUDER VP OF PROGRAMS AND MARKETING 40.00 X 130316 0 11749 MICHELLE IM SR. FINANCE/ADMIN MGR 40.00 X 106753 0 8709 662293 0 27487 4 0 1 0 ASIAN ENTREPRENEURSHIP FOUNDATION PO BOX 51471 BOSTON MA 02205 HOSTING AND CONTENT SERVICES 181053 PUBLIC PRIVATE STRATEGIES 776 GIRARD STREET NW WASHINGTON DC 20001 POLICY CONSULTING 120000 2 665442 1489719 2155161 MANAGEMENT FEES 900099 460000 460000 CONFERENCE REVENUE 900099 9500 9500 469500 26221 26221 MISCELLANEOUS REVENUE 900099 3466 3466 REIMBURSEMENT 900099 1631 1631 5097 2655979 469500 0 31318 X 15000 432253 561885 10144 28849 72367 9264 78644 150 1083929 15500 65450 975 18885 132030 64520 587 5865 SUBSCRIPTIONS 46750 DUES & MEMBERSHIPS 5147 LICENSE & PERMITS 413 2648607 717337 602262 195932 123333 22700 134393 9218 8737 1068 481 519907 543150 268065 299594 1725009 1703213 119582 93243 119582 93243 X 1230427 1299970 375000 310000 1605427 1609970 1725009 1703213 7372 -2829 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9218 8737 481 481 DUE FROM AFFILIATE 298754 DEPOSITS 840 299594 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, 2024 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. 1 ASIAN PACIFIC AMERICAN INSTITUTE FOR CONGRESSIONAL STUDIES 1444 I STREET NW SUITE 700 WASHINGTON DC 20005 521917903 501(C)(3) 15000 0 SCHOLARSHIP 1 0 X X 0 0 0 CHILING TONG PRESIDENT AND CEO 245074 0 24000 0 0 0 7029 0 0 0 276103 0 0 0 JAN-IE LOW VP OF CORP. DEVELOPMENT/EVENTS 135900 0 20250 0 0 0 0 0 0 0 156150 0 0 0 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 INTERNAL REVENUE SERVICE. 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 EXECUTIVE/GOVERNANCE COMMITTEE REVIEWS COMPENSATION FINDINGS AND PROVIDES 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 EXECUTIVE/GOVERNANCE COMMITTEE TAKES ACTION AND RECOMMENDS THE COMPENSATION PACKAGE FOR THE PRESIDENT & CEO. THE PROCESS WAS LAST CONDUCTED IN DECEMBER 2023. THE PROCESS FOR DETERMINING THE COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES 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 OTHER OFFICERS OR KEY EMPLOYEES ARE PRESENTED TO ACE'S PRESIDENT & CEO FOR REVIEW AND DISCUSSION. BASED ON A DISCUSSION WITH THE PRESIDENT & CEO REGARDING THE JOB PERFORMANCE, TENURE, AND KEY CONTRIBUTIONS OF THESE INDIVIDUALS, AN ANNUAL ADJUSTMENT TO THEIR 2024 BASE PAY WAS MADE. THIS PROCESS WAS LAST CONDUCTED IN DECEMBER 2023. 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 CONSULTING SERVICES 543,911. SPONSORSHIPS 143,367. PROGRAM MANAGEMENT 156,053. POLICY CONSULTING 120,000. AUDIO VISUAL 83,491. OTHER PROGRAM SERVICES 12,000. PHOTOGRAPHY 9,800. PAYROLL PROCESSING 8,607. PROFESSIONAL DEVELOPMENT 5,000. STRATEGY CONSULTING 1,700. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.