NATIONAL ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENT: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
NATIONAL ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENT (EIN 46-2071116)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-14
IRS object ID
201913189349301416
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-14T08:40:33-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN208401715PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TUNG T TU CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17297 LEE HWY STE D2AddressLine1Txt
CityFALLS CHURCHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22042ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462071116EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlASIABusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 PENNSYLVANIA AVE NW STE 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHILING TONGPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone2027150787PhoneNum
Signature2019-11-12SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTUNG TUPreparerPersonNm
PTINP00216075PTIN
Phone7036365588PhoneNum
Preparation2019-11-14PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.18.193.131IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-14IPDt
IP Tm08:45:04IPTm
Federal Original Submission Id5118182019318lbkbac0FederalOriginalSubmissionId
Federal Original Submission Id2019-11-14FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id655E4D545A43F018C6DCF3E640B8691E784F14D8AtSubmissionCreationDeviceId
At Submission Filing Device Id655E4D545A43F018C6DCF3E640B8691E784F14D8AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$407,945GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.NATIONALACE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionTO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$35,000PYContributionsGrantsAmt
CY Contributions Grants$407,945CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$35,000PYTotalRevenueAmt
CY Total Revenue$407,945CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$301,589CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$17,723CYTotalFundraisingExpenseAmt
PY Other Expenses$62,608PYOtherExpensesAmt
CY Other Expenses$150,878CYOtherExpensesAmt
PY Total Expenses$62,608PYTotalExpensesAmt
CY Total Expenses$452,467CYTotalExpensesAmt
PY Revenues Less Expenses-$27,608PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$44,522CYRevenuesLessExpensesAmt
Total Assets BOY$195,187TotalAssetsBOYAmt
Total Assets EOY$183,849TotalAssetsEOYAmt
Total Liabilities BOY$32,566TotalLiabilitiesBOYAmt
Total Liabilities EOY$65,750TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$162,621NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$118,099NetAssetsOrFundBalancesEOYAmt
MissionTO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$144,270ExpenseAmt
DescONE OF ACE FOUNDATIONS FLAGSHIP PROGRAMS IS NEXT GENERATION: THE CIRCLE THE CIRCLE IS A LONG-TERM PROGRAM THAT BUILDS COMPETENCIES AND RESOURCES IN A PARADIGM THAT SPEAKS TO THE UNIQUE VIEWS AND EXPRESSION OF AAPI MILLENNIAL ENTREPRENEURS WHO CHALLENGE THE TRADITIONAL METHODS WHICH ARE PERCEIVED TO BE OUTDATED WITH THE FAST-PACED TECHNOLOGICAL, DIGITAL, AND SOCIAL JUSTICE ARENAS FROM WHICH THEY ARE PRIMED. 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$114,897ExpenseAmt
DescTHE ACE FOUNDATION WORKS TO EDUCATE ASIAN AMERICAN AND PACIFIC ISLANDER BUSINESS COMMUNITIES ON ISSUES THAT WILL DIRECTLY IMPROVE THEIR ECONOMIC, POLITICAL, AND SOCIAL WELL-BEING. WE HOST SEVERAL EVENTS THROUGHOUT EACH CALENDAR YEAR THAT HELP IN EDUCATING THE MINORITY BUSINESS COMMUNITY, INCLUDING EMPLOYEE/BUSINESS RESOURCE GROUP ROUND-TABLES, SYMPOSIUMS IN COORDINATION WITH FEDERAL GOVERNMENT AGENCIES, AND WEBINARS AND WORKSHOPS CENTERED AROUND ACCESS TO CAPITAL, ACCESS TO CONTRACTING OPPORTUNITIES, GRANT WRITING, RETIREMENT SECURITY, FINANCIAL CAPACITY, AND CHALLENGES FACING MILLENNIAL BUSINESS OWNERS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$101,073ExpenseAmt
DescTHE ACE FOUNDATION 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$360,240TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee4EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHILING TONGPersonNm
Phone2027150787PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 PENNSYLVANIA AVE NW STE 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20004ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
AMAR SHOKEEN
CHAIRMAN2.000.00Yes (X)Yes (X)$0$0$0
TRACEY DOI
TREASURER2.000.00Yes (X)Yes (X)$0$0$0
KAREN ENG
SECRETARY2.000.00Yes (X)Yes (X)$0$0$0
THEAR SUZUKI
DIRECTOR1.000.00Yes (X)$0$0$0
ANDREW CHAU
DIRECTOR1.000.00Yes (X)$0$0$0
BILL IMADA
DIRECTOR1.000.00Yes (X)$0$0$0
DENNIS HUANG
DIRECTOR1.000.00Yes (X)$0$0$0
ED CHAN
DIRECTOR1.000.00Yes (X)$0$0$0
CHRISTOPHER LAW
DIRECTOR1.000.00Yes (X)$0$0$0
HELENE YAN
DIRECTOR1.000.00Yes (X)$0$0$0
SUSAN JIN DAVIS
DIRECTOR1.000.00Yes (X)$0$0$0
MARIKO CARPENTER
DIRECTOR1.000.00Yes (X)$0$0$0
WALLACE TSUHA
DIRECTOR1.000.00Yes (X)$0$0$0
JAMIE CHUNG
DIRECTOR1.000.00Yes (X)$0$0$0
SHAU-WAI LAM
DIRECTOR1.000.00Yes (X)$0$0$0
MARTY LORENZO
DIRECTOR1.000.00Yes (X)$0$0$0
PAT FONG KUSHIDA
DIRECTOR1.000.00Yes (X)$0$0$0
TERREZ THOMPSON
DIRECTOR1.000.00Yes (X)$0$0$0
JIMMY FERGUSON
DIRECTOR1.000.00Yes (X)$0$0$0
GARRETT GIN
DIRECTOR1.000.00Yes (X)$0$0$0
CY CHEN
DIRECTOR1.000.00Yes (X)$0$0$0
CHILING TONG
PRESIDENT & CEO40.000.00$150,000$0$15,000Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$150,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$15,000TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Related Organizations$237,583RelatedOrganizationsAmt
All Other Contributions$170,362AllOtherContributionsAmt
Total Contributions$407,945TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$407,945TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$150,000TotalAmt
Program Services$120,000ProgramServicesAmt
Management And General$22,500ManagementAndGeneralAmt
Fundraising$7,500FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$104,340TotalAmt
Program Services$83,473ProgramServicesAmt
Management And General$15,651ManagementAndGeneralAmt
Fundraising$5,216FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$15,860TotalAmt
Program Services$12,688ProgramServicesAmt
Management And General$2,379ManagementAndGeneralAmt
Fundraising$793FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,033TotalAmt
Program Services$9,626ProgramServicesAmt
Management And General$1,805ManagementAndGeneralAmt
Fundraising$602FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$19,356TotalAmt
Program Services$15,485ProgramServicesAmt
Management And General$2,903ManagementAndGeneralAmt
Fundraising$968FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$10,375TotalAmt
Management And General$10,375ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$10,959TotalAmt
Management And General$10,959ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,759TotalAmt
Program Services$5,408ProgramServicesAmt
Management And General$1,014ManagementAndGeneralAmt
Fundraising$337FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$10,795TotalAmt
Program Services$8,637ProgramServicesAmt
Management And General$1,618ManagementAndGeneralAmt
Fundraising$540FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$17,988TotalAmt
Program Services$14,388ProgramServicesAmt
Management And General$2,701ManagementAndGeneralAmt
Fundraising$899FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$26,932TotalAmt
Program Services$26,932ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,330TotalAmt
Program Services$1,065ProgramServicesAmt
Management And General$198ManagementAndGeneralAmt
Fundraising$67FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM SERVICES$65,265$62,157$2,331$777
LICENSE & PERMITS$475$381$70$24

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$452,467TotalAmt
Program Services$360,240ProgramServicesAmt
Management And General$74,504ManagementAndGeneralAmt
Fundraising$17,723FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$195,187BOYAmt
EOY$183,692EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$157EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$195,187BOYAmt
EOY$183,849EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$32,566BOYAmt
EOY$58,351EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$7,399EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$32,566BOYAmt
EOY$65,750EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$162,621BOYAmt
EOY$118,099EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$162,621BOYAmt
EOY$118,099EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$195,187BOYAmt
EOY$183,849EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$44,522ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CREDIT CARD$1,694
PAYROLL TAXES$5,705
FieldValueIRS element (for citing)
Total Liability$7,399TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$407,945TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$407,945RevenueSubtotalAmt
Total Revenue Per Form990$407,945TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$452,467TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$452,467ExpensesSubtotalAmt
Total Expenses Per Form990$452,467TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCHILING TONGPersonNm
TitlePRESIDENT & CEOTitleTxt
Base Compensation Filing Org$150,000BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org$15,000DeferredCompensationFlngOrgAmt
Total Compensation Filing Org$165,000TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990 governing body review Part VI line 11FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVEIWED BY THE PRESIDENT & CEO AND BOARD OF DIRECTORS BEFORE FILING WITH THE IRS.
Conflict of interest policy compliance Part VI line 12cOFFICERS 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.
CEO executive director top management comp Part VI line 15aCOMPARABILITY DATA WAS USED WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT & CEO. THE DECISION WAS DOCUMENTED IN THE MEETING MINUTES AFTER APPROVAL BY THE EXECUTIVE COMMITTEE.
Governing documents etc available to public Part VI line 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ACE FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 PENNSYLVANIA AVE STE 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20004ZIPCd
FieldValueIRS element (for citing)
EIN463200311EIN
Primary ActivitiesADVOCATE OF AAPI BUSINESS INTERESTSPrimaryActivitiesTxt
Legal Domicile StateDCLegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity Status10PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd

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