2015-02-16T11:17:45-06:00 2014-06-30 263839190 BURR PILGER MAYER INC 110 STONY POINT ROAD 210 SANTA ROSA CA 95401 990 2013-07-01 943201522 ASIAN PACIFIC FUND ASIA 4153959985 465 CALIFORNIA STREET SUITE 809 SAN FRANCISCO CA 941041820 AUDREY YAMAMOTO PRESIDENT/ED 4153959985 2015-02-12 1 JAMES PETRAY P00351215 7075444078 2013 2016-03-07 17:11:31Z AUDREY YAMAMOTO 465 CALIFORNIA STREET SUITE 809 SAN FRANCISCO CA 941041820 7257379 0 X WWW.ASIANPACIFICFUND.ORG X 1993 CA THE MISSION OF THE ASIAN PACIFIC FUND IS TO STRENGTHEN THE ASIAN AND PACIFIC ISLANDER COMMUNITY IN THE BAY AREA BY INCREASING PHILANTHROPY AND SUPPORTING THE ORGANIZATIONS THAT SERVE OUR MOST VULNERABLE COMMUNITY MEMBERS. 11 11 6 66 0 0 1791624 1242684 0 0 283673 1168180 0 0 2075297 2410864 287743 1282153 0 0 351263 395213 14456 0 17615 246941 293578 900403 1970944 1174894 439920 11943985 12919327 819570 1366608 11124415 11552719 X THE MISSION OF THE ASIAN PACIFIC FUND IS TO STRENGTHEN THE ASIAN AND PACIFIC ISLANDER COMMUNITY IN THE BAY AREA BY INCREASING PHILANTHROPY AND SUPPORTING THE ORGANIZATIONS THAT SERVE OUR MOST VULNERABLE COMMUNITY MEMBERS. 0 0 1506622 1158903 SEE SCHEDULE O.GRANTS AND SERVICES TO AFFILIATE NON-PROFIT ORGANIZATIONS INCLUDING GRANTS TO COMMUNITY ORGANIZATIONS, SERVICES FOR ORGANIZATIONS AND SERVICES TO DONORS. SERVICES TO DONORS (AND THEIR LEGAL AND FINANCIAL ADVISORS) PROVIDE INFORMATION ABOUT THE NEED IN THE ASIAN COMMUNITY WHICH IS OFTEN HIDDEN FROM PUBLIC VIEW, AND NOW CHARITABLE GIVING CAN BECOME PART OF ESTATE AND FINANCIAL PLANNING.SERVICES FOR AFFILIATE ORGANIZATIONS INCLUDE HELPING 70 SAN FRANCISCO BAY AREA ORGANIZATIONS WITH INFORMATION, CONSULTATIONS, AND WORKSHOPS TO STRENGTHEN THEIR ORGANIZATIONAL CAPACITY IN FUND DEVELOPMENT AND MANAGEMENT. SERVICE TO AFFILIATE ORGANIZATIONS ALSO INCLUDES REGULAR OUTREACH TO BRING INFORMATION ABOUT THE NEEDS OF NON-PROFITS TO THE ATTENTION OF POTENTIAL DONORS. 268040 123250 SEE SCHEDULE O.GRANTS: DURING THE REPORTING PERIOD, THE ASIAN PACIFIC FUND DISTRIBUTED ALMOST $500K IN GRANTS TO A DIVERSE GROUP OF ASIAN ORGANIZATIONS IN THE BAY AREA AND OTHER NON-PROFIT ORGANIZATIONS. THESE GRANTS INCLUDED CAPACITY BUILDING SUPPORT FOCUSED LEADERSHIP DEVELOPMENT, FUNDRAISING AND TECHNOLOGY FOR ITS AFFILIATE ORGANIZATIONS, AND FUNDING FOR A NEW COLLABORATIVE INITIATIVE CALLED PATHWAYS TO CITIZENSHIP WHICH AIMS TO PROMOTE CITIZENSHIP AND CIVIC ENGAGEMENT.SCHOLARSHIPS AND AWARDS: 67 STUDENTS RECEIVED SCHOLARSHIPS, ALL SUPPORTED BY INDIVIDUAL DONORS. SCHOLARSHIPS ARE DISTRIBUTED ON A COMPETITIVE BASIS.SERVICES: THE ASIAN PACIFIC FUND ASSISTED DONORS THROUGH SCHOLARSHIP PROGRAMS, PERSONALIZED ADVICE REGARDING PROGRAMS AND GRANT OPPORTUNITIES IN THE SAN FRANCISCO BAY AREA AND DONOR ADVISED FUNDS. TO BUILD COMMUNITY AMONG AFFILIATE ORGANIZATIONS, AN ANNUAL WORKSHOP IS CONDUCTED THAT FOCUSES ON BUILDING THEIR CAPACITY.PUBLIC EDUCATION PROJECTS: THE FUND ADMINISTERS THE LARGEST CELEBRATION OF ASIAN HERITAGE IN THE COUNTRY, GROWING UP ASIAN IN AMERICA, WHICH IS A YOUTH ESSAY AND ART COMPETITION. EIGHTEEN K-12 STUDENTS ARE SELECTED OUT OF OVER NEARLY 1,000 ENTRIES TO RECEIVE CASH AWARDS, AND THE WINNING ENTRIES ARE FEATURED IN AN EXHIBIT THAT IS HOSTED BY MORE THAN 50 PUBLIC LIBRARIES THROUGHOUT THE YEAR. 1774662 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 33 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CECILIA ENG 4153959985 465 CALIFONIA ST SUITE 809 SAN FRANCISCO CA 941041820 EMERALD YEH CHAIR 1.00 X X 0 0 0 NELSON ISHIYAMA SECRETARY 1.00 X X 0 0 0 ANDREW CUYUGAN MCCULLOUGH TREASURER 1.00 X X 0 0 0 LAURA CHING DIRECTOR 1.00 X 0 0 0 KATHRYN KATHY KO CHOU DIRECTOR 1.00 X 0 0 0 DAVID CHUN DIRECTOR 1.00 X 0 0 0 PETER Y CHUNG DIRECTOR 1.00 X 0 0 0 ANDREW LY DIRECTOR 1.00 X 0 0 0 RAYMOND L OCAMPO JR DIRECTOR 1.00 X 0 0 0 SATISH RISHI DIRECTOR 1.00 X 0 0 0 LEO SOONG DIRECTOR 1.00 X 0 0 0 MICHELLE LEE DIRECTOR 1.00 X 0 0 0 ROBERT LEE DIRECTOR 1.00 X 0 0 0 THUY VU DIRECTOR 1.00 X 0 0 0 AUDREY YAMAMOTO PRESIDENT & EXECUTIVE DIRECTOR 40.00 X 120103 0 7031 120103 0 7031 1 0 0 0 0 4468 258348 979868 157530 1242684 179139 179139 5760143 4771102 989041 989041 989041 75413 258348 75413 0 2410864 0 0 1168180 1158903 1158903 123250 123250 143269 129997 6696 6576 204958 185948 9116 9894 20321 18482 1839 26665 24278 1242 1145 4945 3265 1680 28455 28455 62632 62632 21164 10260 10904 1781 1781 11300 11300 54527 50169 4358 29685 22550 7135 5555 5555 3287 3024 263 PRINTING AND PRODUCTION 15728 14261 1467 BAD DEBT 10000 10000 DUES, LICENSES, AND FEE 9803 1495 8308 EQUIPMENT RENTAL AND MA 9575 8809 766 25141 18190 6951 1970944 1774662 178667 17615 259580 259057 3424653 1495452 40052 39836 33291 20277 12087 13014 6975167 10353494 1232446 758474 11943985 12919327 40625 61281 408429 957034 21250 0 349266 348293 819570 1366608 X -2545 -1318730 890661 2109652 10236299 10761797 11124415 11552719 11943985 12919327 X 439920 -60471 48855 X 0 1 X 1 0 X 1018671 3595326 1399690 1845374 1242684 9101745 1018671 3595326 1399690 1845374 1242684 9101745 6569599 2532146 68929 100850 112027 150420 179139 611365 9713110 0.26070 0.27250 X AS REPORTED ON 2013 SCHEDULE A, ASIAN PACIFIC FUND'S ("APF") PUBLIC SUPPORT PERCENTAGE IS 26.07%. DURING 2010, APF RECEIVED TWO LARGE GRANTS IN THE AMOUNTS $1,540,000 AND $1,250,000, WHICH CAUSED THE PUBLIC SUPPORT PERCENTAGE TO DIP BELOW THE REGUIRED THRESHOLD IN 2010, 2011, 2012, AND 2013. HAD THE ORGANIZATION NOT RECEIVED THESE TWO GRANTS, IT WOULD EASILY HAVE MET THE PUBLIC SUPPORT TEST FOR ALL THREE YEARS.THE FOUNDATION SATISFIES THE FACTS AND CIRCUMSTANCES TEST BASED ON TREASURY REGULATIONS SECTION 1.170A-9(E)(3), AND, THEREFORE, QUALIFIES AS A PUBLIC CHARITY BECAUSE:1) ITS PUBLIC SUPPORT IS WELL IN EXCESS OF THE 10% REQUIREMENT;2) IT MAINTAINS AN ACTIVE PROGRAM TO SOLICIT GRANTS;3) ITS BOARD OF DIRECTORS IS REPRESENTATIVE OF THE PUBLIC, RATHER THAN ANY DONORS' INTEREST; AND,4) ITS PROGRAMS ARE AVAILABLE TO THE PUBLIC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 146292 129841 438340 1 1 10608159 471498 1050250 1256409 28846 10844652 9952793 1283506 1000000 10236299 9383603 569190 9952793 6764844 2618759 9383603 6622542 142302 6764844 0.00000 0.94700 0.05300 0 0 25666 18307 7359 7625 1970 5655 13014 CHARITABLE REMAINDER TRUST INVESTMENTS 758474 758474 LIABILITY SPLIT INTEREST GIFT AGREEMENT 34047 LIABILITY UNDER CRTS 314246 348293 X 2474661 -60471 48855 -11616 2486277 -75413 -75413 2410864 2046357 75413 75413 1970944 0 1970944 PART X, LINE 2: THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701D OF THE REVENUE AND TAXATION CODE. IN ADDITION, THE FUND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE FUND HAS ADOPTED THE PROVISIONS RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH DEFINES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FUND'S MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE FUND IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FUND FILES TAX RETURNS IN THE U.S. FEDERAL AND CALIFORNIA JURISDICTIONS. WITH FEW EXCEPTIONS, THE FUND IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 48,855. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -75,413. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 75,413. SCHEDULE D,PART V, LINE 1A 06.30.2013 BALANCE HAS BEEN RESTATED IN THE AUDITED FINANCIAL STATEMENTS. ANNUAL GALA 333761 258348 75413 437 74976 333761 258348 75413 437 74976 75413 0 0 ASIAN & PACIFIC ISLANDER WELLNESS CENTER 730 POLK STREET 4TH FLOOR SAN FRANCISCO CA 94109 943096109 501(C)(3) 60000 CAPACITY BUILDING GRANT ASIAN ART MUSEUM 200 LARKIN ST SAN FRANCISCO CA 94109 941704765 501(C)(3) 11500 GRANT FROM SHEN-LEI DAF: ANNUAL GIFT & CONNOISSEIURS' COUNCIL ASIAN IMMIGRANT WOMEN ADVOCATE 310 - 8TH ST STE 301 OAKLAND CA 94607 942977665 501(C)(3) 60000 CAPACITY BUILDING GRANT ASIAN PACIFIC AMERICAN COMMUNITY CENTER 2442 BAYSHORE BLVD SAN FRANCISCO CA 94134 943357710 501(C)(3) 60000 CAPACITY BUILDING GRANT ASIAN PACIFIC ISLANDER LEGAL OUTREACH 1121 MISSION ST SAN FRANCISCO CA 94134 942583284 501(C)(3) 8270 GENERAL SUPPORT ASIAN WOMEN'S SHELTER 3543 - 18TH ST 19 SAN FRANCISCO CA 94110 943030212 501(C)(3) 141500 CAPACITY BUILDING GRANT CALIFORNIA ACADEMY OF SCIENCES 55 MUSIC CONCOURSE DR GOLDEN GATE PARK SAN FRANCISCO CA 94118 941156258 501(C)(3) 45900 SCIENCE ACTION CLUB PROGRAM CHINESE FOR AFFIRMATIVE ACTION 17 WALTER U LUM PL SAN FRANCISCO CA 94108 942161304 501(C)(3) 90000 CAPACITY BUILDING GRANT COMMUNITY YOUTH CENTER SF 1038 POST ST SAN FRANCISCO CA 94109 941728818 501(C)(3) 90363 CAPACITY BUILDING GRANT EAST BAY ASIAN YOUTH CENTER 2025 EAST 12TH ST OAKLAND CA 94606 942925799 501(C)(3) 60000 CAPACITY BUILDING GRANT FILIPINO ADVOCATES FOR JUSTICE 310 - 8TH ST STE 306 OAKLAND CA 94607 942218907 501(C)(3) 65000 CAPACITY BUILDING GRANT FILIPINO BAR ASSN OF NO CALIF C/O LORNA GARCIA LAUGHLIN FALBO LEVY MORESI LLP 1520 THE ALAMEDA200 SAN JOSE CA 95126 10000 GRANT FOR FBANC SCHOLARSHIP, JUSTICE FUND GRANT INTERNATIONAL CHILDREN ASSISTANCE NETWORK 532 VALLEY WAY MILPITAS CA 95035 770541211 501(C)(3) 60048 CAPACITY BUILDING GRANT KOREAN COMMUNITY CTR OF THE EB 1700 BROADWAY SUITE 400 OAKLAND CA 94612 942503925 501(C)(3) 105016 CAPACITY BUILDING GRANT LICK WILMERDING HIGH SCHOOL 755 OCEAN AVE SAN FRANCISCO CA 94112 941186156 501(C)(3) 6000 ANNUAL FUND MAITRI PO BOX 697 SANTA CLARA CA 95052 943132087 501(C)(3) 90000 CAPACITY BUILDING GRANT SAN FRANCISCO CONTEMPORARY MUSIC PLAYERS 55 TAYLOR ST SAN FRANCISCO CA 94103 237408479 501(C)(3) 61050 GRANT FOR "COMPOSE YOURSELF" PROJECT SAN FRANCISCO FRIENDS SCHOOL 250 VALENCIA ST SAN FRANCISCO CA 94103 SAN FRANCISCO CA 94103 943397589 501(C)(3) 6000 ANNUAL FUND VIETNAMESE YOUTH DEVELOPMENT CENTER 150 EDDY ST SAN FRANCISCO CA 94102 942532304 501(C)(3) 90034 CAPACITY BUILDING GRANT 18 1 SCHOLARSHIPS AND FELLOWSHIPS 67 123250 PART I, LINE 2: ORGANIZATIONS THAT RECEIVE GRANTS TO SUPPORT PROJECTS OR ACHIEVE PARTICULAR GOALS ARE REQUIRED TO SUBMIT A GRANT APPLICATION, PROJECT OR PROGRAM BUDGET AND AGENCY BUDGET. THEY ARE ALSO REQUIRED TO SUBMIT A COPY OF THE MOST RECENT FORM 990 AND INDEPENDENT AUDIT, WHICH ARE REVIEWED TO COMPLETE THE DUE DILIGENCE PROCESS. AFTER THE GRANT PERIOD IS ENDED, THE ORGANIZATION IS REQUIRED TO SUBMIT A REPORT DESCRIBING WHAT HAS BEEN ACHIEVED WITH THE GRANT. NEW GRANTEES ARE ALSO CHECKED TO CONFIRM THEY ARE LISTED IN THE IRS ON-LINE EO SELECT CHECK. X 3 157530 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WILL BE SENT ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS WITH A DEADLINE TO RESPOND WITH QUESTIONS OR COMMENTS. THE EXECUTIVE COMMITTEE WILL THEN APPROVE THE FINAL VERSION. FORM 990, PART VI, SECTION B, LINE 12C WE REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH OUR CONFLICT OF INTEREST POLICY. AT THE ANNUAL RETREAT OF THE BOARD OF DIRECTORS, EACH DIRECTOR IS ASKED TO REVIEW AND SIGN A PERSONAL STATEMENT. THE RESPONSES ARE REVIEWED. NO DIRECTOR HAS YET REPORTED A CONFLICT OF INTEREST. IF ONE WERE NOTED, THIS WOULD BE DISCUSSED WITH THAT INDIVIDUAL DIRECTOR, DISCLOSED TO THE CHAIRMAN AND STEPS TAKEN TO ELIMINATE THE CONFLICT FORTHWITH. THE SIGNED STATEMENTS ARE RETAINED AS PART OF CORPORATE RECORDS. FORM 990, PART VI, SECTION B, LINE 15 AN ANNUAL REVIEW IS CONDUCTED BY THE ORGANIZATION'S COMMITTEE OF THE BOARD. ANY CHANGES IN COMPENSATION INCLUDE A CONSIDERATION OF COMPARABLES. AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW IS COMPLETED FOR EACH EMPLOYEE ANNUALLY BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE ON REQUEST. A SUMMARY OF THE FINANCIAL STATEMENT IS PUBLISHED AS PART OF OUR ANNUAL REPORT AND MAILED TO ALL DONORS SUPPORTERS. IT IS ALSO POSTED ON-LINE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 48,855. CHARITABLE REMAINDER TRUST (2) TRUST CA ASIAN PACIFIC FUND 1 CHARITABLE REMAINDER UNITRUST TRUST CA ASIAN PACIFIC FUND 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0