2021-11-09T09:26:19-06:00 2020-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2020-01-01 462071116 ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP ASIA 2022042579 1300 PENNSYLVANIA AVENUE NW NO 70 WASHINGTON DC 20004 CHILING TONG PRESIDENT & CEO 2022042579 2021-11-09 1 CHILING TONG 999009999 JENNIFER S HAN P00633304 2022937000 2021-11-08 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHILING TONG 1300 PENNSYLVANIA AVENUE NW NO 700 WASHINGTON DC 20004 1079965 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. 19 19 6 19 0 0 515500 614840 0 465000 0 0 0 125 515500 1079965 0 0 0 0 318236 528137 0 0 0 224793 405315 543029 933452 -27529 146513 126261 290312 35691 53229 90570 237083 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 0 COVID-19 RESPONSE - NATIONAL ACE HAS A DEMONSTRATED TRACK RECORD OF WORKING WITH AAPI AND MINORITY ENTREPRENEURS AND BUSINESSES TO SUPPORT CAPACITY BUILDING EFFORTS THROUGH DIVERSITY, EQUALITY AND INCLUSION, ECONOMIC EMPOWERMENT, ACCESS TO TRADITIONAL AND ALTERNATIVE FORMS OF FINANCING, AND IN-LANGUAGE TECHNICAL ASSISTANCE. NATIONAL ACE CREATED THE SMALL BUSINESS RECOVERY RESOURCE CENTER WHICH PROVIDES SMALL BUSINESS TECHNICAL ASSISTANCE AND CAPACITY BUILDING SUPPORT SERVICES TO AAPIS AND MINORITY BUSINESS ENTREPRENEURS (MBES) IN RESPONSE TO COVID-19. NATIONAL ACE HAS CONDUCTED NATIONAL SURVEYS ON THE EXPERIENCE OF AAPI BUSINESS OWNERS DURING THE COVID-19 PANDEMIC. ACE NEXTGEN - ONE OF ACE'S FLAGSHIP PROGRAMS IS "NEXTGEN: INNER CIRCLES." NEXTGEN SIGNIFIES OUR NEXT GENERATION OF LEADERS AND ENTREPRENEURS IN THE AAPI COMMUNITY. INNER CIRCLES IS A NATIONAL PROGRAM WHERE YOUNG ENTREPRENEURS CAN DISCUSS AND PROBLEM-SOLVE THE TOUGHEST CHALLENGES THEY FACE. PEERS SHARE PROFESSIONAL AND PERSONAL EXPERIENCES THAT CAN HELP OTHERS LEARN, GROW, OR RECEIVE SUPPORT. THIS INVOLVES CREATING A SAFE AND SUPPORTIVE ENVIRONMENT TO DIVE INTO RISKS, FEARS, AND VULNERABILITIES. THE PROGRAM MAINTAINS A SUPPORT NETWORK OF ENTREPRENEURS AND BUSINESS OWNERS OF AAPI HERITAGE TO ENSURE THAT MORE SMALL-BUSINESS ENTERPRISES SUCCEED IN BUILDING THEIR BUSINESSES, FIND WAYS TO CAPITALIZE THEIR BUSINESSES AND CREATE NEW, SUSTAINABLE JOBS. ENTREPRENEURSHIP / TECHNICAL ASSISTANCE (EDUCATION) - 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. POLICY - ACE PROVIDES A UNIFIED NATIONAL VOICE FOR INDIVIDUAL AAPI CHAMBERS OF COMMERCE THROUGHOUT THE COUNTRY. WE PARTNER, THROUGH MEMORANDUMS OF UNDERSTANDING, WITH 25 LOCAL AND REGIONAL CHAMBERS TO PROMOTE AAPI BUSINESS INTERESTS, GROW A LARGE NUMBER OF AAPI ENTREPRENEURS NATIONWIDE, AND EMPOWER AAPI LEADERS TO ADVANCE IN CORPORATE AMERICA. ECONOMIC DEVELOPMENT - ACE CONNECTS LOCAL AND REGIONAL AAPI CHAMBERS OF COMMERCE, MOU PARTNERS, AND OTHER STAKEHOLDERS ACROSS THE COUNTRY TO PROVIDE INNOVATIVE BUSINESS SOLUTIONS THROUGH QUALITY PROGRAMS AND SERVICES. ACE ALSO CONTRIBUTES TO OUR NATION'S ECONOMIC GROWTH, BUSINESS DEVELOPMENT, AND GOVERNMENT EFFICIENCY BY SUPPORTING PROGRAMS AND POLICIES THAT CREATE MORE AAPI BUSINESS OWNERS, ENTREPRENEURS, AND CORPORATE LEADERS. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 19 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 DC 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 1.00 X X 0 0 0 TRACEY DOI TREASURER 2.00 X X 0 0 0 MARIKO CARPENTER SECRETARY 2.00 X X 0 0 0 ED CHAN BOARD MEMBER 1.00 X 0 0 0 ANDREW CHAU BOARD MEMBER 1.00 X 0 0 0 JIMMY FERGUSON BOARD MEMBER 1.00 X 0 0 0 GARRETT GIN BOARD MEMBER 1.00 X 0 0 0 BILL IMADA BOARD MEMBER 1.00 X 0 0 0 PAT FONG KUSHIDA BOARD MEMBER 1.00 X 0 0 0 CHRIS LAW BOARD MEMBER 1.00 X 0 0 0 GRACE LEE BOARD MEMBER 1.00 X 0 0 0 MICHELLE MI BOARD MEMBER 1.00 X 0 0 0 AMAR SHOKEEN BOARD MEMBER 1.00 X 0 0 0 THEAR SUZUKI BOARD MEMBER 1.00 X 0 0 0 TERREZ THOMPSON BOARD MEMBER 1.00 X 0 0 0 WALLACE TSUHA BOARD MEMBER 1.00 X 0 0 0 HELENE YAN BOARD MEMBER 1.00 X 0 0 0 IAN SO BOARD MEMBER 1.00 X 0 0 0 CHILING TONG PRESIDENT & CEO 40.00 X 175670 0 15000 DANIEL C OLIVER COO 40.00 X 114248 0 19821 289918 0 34821 2 0 1 0 0 415740 199100 614840 PROGRAM SERVICE FEES 900099 195000 195000 MANAGEMENT FEES 900099 180000 180000 CONFERENCE AND MEETING 900099 90000 90000 465000 125 125 125 1079965 465000 0 125 X 190670 264743 3425 33617 35682 8437 19527 132741 20933 24090 12379 3898 751 CONTRACT SERVICES 105715 SPONSORSHIPS 71111 LICENSE AND PERMITS 1172 4561 933452 126261 138119 0 39000 75081 6367 0 0 6367 0 31745 126261 290312 10685 25723 2500 25006 25006 35691 53229 X 90570 237083 0 0 90570 237083 126261 290312 146513 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6367 6367 6367 DUE FROM RELATED PARTY 30905 SECURITY DEPOSIT 840 31745 DUE TO RELATED PARTY 25006 25006 X 1079965 0 1079965 0 1079965 933452 0 933452 0 933452 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, 2020 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. X 0 0 0 CHILING TONG PRESIDENT & CEO 160670 0 15000 0 0 0 15000 0 0 0 190670 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVEIWED BY THE PRESIDENT & CEO AND BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY INTERESTS THAT MAY GIVE RISE TO CONFLICTS. IF A CONFLICT ARISES, THE INTERESTED PERSON RECUSES THEMSELVES FROM DISCUSSION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A 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. 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 132,741. FORM 990, PART XII, LINE 2C: ACE DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. ACE FOUNDATION 1300 PENNSYLVANIA AVENUE SUITE 700 WASHINGTON DC 20004 463200311 ADVOCATE OF AAPI BUSINESS INTERESTS DC 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0