2026-07-30T10:06:03-05:00 2025-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2025-01-01 463200311 ACE FOUNDATION ACEF 2026276889 1455 PENNSYLVANIA AVENUE NW 400 WASHINGTON DC 20004 CHILING TONG PRESIDENT AND CEO 2026276889 2026-07-29 1 JENNIFER S HAN P00633304 2022937000 2026-07-29 2025 2025-03-06 01:10:19Z X NATIONAL ACE FOUNDATION CHILING TONG 1455 PENNSYLVANIA AVENUE NW 400 WASHINGTON DC 20004 2114265 0 X WWW.NATIONALACEFOUNDATION.ORG X 2013 DC IMPROVE THE QUALITY OF LIFE FOR ALL SMALL BUSINESSES THROUGH BUSINESS EDUCATION. 14 14 0 15 0 0 3017578 2016989 105245 18100 84223 79176 0 0 3207046 2114265 1344763 580000 0 0 0 0 0 0 0 956044 1366901 2300807 1946901 906239 167364 3366612 3478722 367269 312015 2999343 3166707 TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT. 0 0 503643 47500 EDUCATION - ACE FOUNDATION WORKS TO EDUCATE ALL SMALL BUSINESS COMMUNITIES ON ISSUES THAT WILL DIRECTLY IMPROVE THEIR ECONOMIC, POLITICAL, AND SOCIAL WELL-BEING. ACE FOUNDATION HOSTS EVENTS AIMED TO HELP EDUCATE ALL BUSINESS COMMUNITIES. THESE EVENTS INCLUDE ROUNDTABLES AND SYMPOSIUMS COORDINATED WITH FEDERAL GOVERNMENT AGENCIES. MANY OF THESE EVENTS ARE VIRTUAL WEBINARS WHICH COVER TOPICS AROUND ACCESS TO CAPITAL, CONTRACTING OPPORTUNITIES, GRANT WRITING, RETIREMENT SECURITY, FINANCIAL CAPACITY, AND CHALLENGES FACING MINORITY BUSINESS OWNERS. 488527 47500 ECONOMIC DEVELOPMENT - ACE FOUNDATION EDUCATES LOCAL AND REGIONAL CHAMBERS OF COMMERCE, MOU PARTNERS, AND OTHER STAKEHOLDERS ACROSS THE COUNTRY TO PROVIDE INNOVATIVE BUSINESS SOLUTIONS THROUGH QUALITY PROGRAMS AND SERVICES. ACE FOUNDATION 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. 485000 485000 18100 SMALL BUSINESS PRIORITY - SMALL BUSINESS IS A NATIONAL CALL-TO-ACTION PROGRAM POWERED BY THE NATIONAL ASIAN/PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE AND ENTREPRENEURSHIP (NATIONAL ACE). THE PROGRAM'S PRIMARY GOAL IS TO CONVENE OUR NETWORK OF BUSINESS ORGANIZATIONS, ENTREPRENEURS, CORPORATE LEADERS, AND STAKEHOLDERS TO ADVANCE EQUITY, JUSTICE, AND OPPORTUNITY FOR COMMUNITIES EVERYWHERE. THE SMALL BUSINESS PRIORITY PROGRAM FOSTERS THE WELLBEING OF THESE VITAL INSTITUTIONS BY PROVIDING TECHNICAL ASSISTANCE ON BUSINESS RESILIENCE, RESOURCES ON BUSINESS RECOVERY, INFORMATION ON STARTING, GROWING, OR RETAINING A BUSINESS, AND CREATING AVENUES FOR EDUCATION ON ACCESS TO CAPITAL AND CONTRACTING. 1477170 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA IL NY X MICHELLE IM 2026276889 1455 PENNSYLVANIA AVENUE NW 400 WASHINGTON DC 20004 X JIMMY FERGUSON CHAIR 2.00 X X 0 0 0 BIN YU DIRECTOR (THRU MAY); TREASURER 2.00 X X 0 0 0 ANGELA CHANG DIRECTOR 1.00 X 0 0 0 CY CHEN DIRECTOR 1.00 X 0 0 0 MELODY CHEN DIRECTOR 1.00 X 0 0 0 KEVIN CHOW DIRECTOR 1.00 X 0 0 0 SUSAN JIN DAVIS DIRECTOR 1.00 X 0 0 0 TAMMY FUNASAKI DIRECTOR 1.00 X 0 0 0 DENNIS HUANG DIRECTOR 1.00 X 0 0 0 BILL IMADA DIRECTOR 1.00 X 0 0 0 NARUMI INATSUGU DIRECTOR 1.00 X 0 0 0 SHAU-WAI LAM DIRECTOR 1.00 X 0 0 0 MICHAEL TY DIRECTOR 1.00 X 0 0 0 FA'AMOANA UTA'I DIRECTOR (THRU MARCH) 1.00 X 0 0 0 TIANYI ZHU DIRECTOR 1.00 X 0 0 0 CHILING TONG PRESIDENT AND CEO 2.00 X 0 0 0 0 0 0 0 0 0 0 NATIONAL ACE 1300 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20004 MANAGEMENT & ADMINISTRATIVE SVCS 823333 MARRIOTT 7750 WISCONSIN AVENUE BETHESDA MD 20814 HOTEL & HOSPITALITY SERVICES 352220 ASTROCASTERS 8170 NEWINGTON ROAD LORTON VA 22079 A/V SERVICES 109320 3 2016989 48000 2016989 CONFERENCE REVENUE 900099 18100 18100 18100 79176 79176 2114265 18100 0 79176 580000 580000 460000 460000 3296 3296 150 150 24500 24500 261 217 44 35000 35000 528576 527576 1000 300000 300000 3183 3183 SUBSCRIPTIONS 11935 9877 2058 1946901 1477170 469731 0 856131 779556 100000 180000 52645 82304 2356061 2435087 1775 1775 3366612 3478722 68515 5000 298754 307015 367269 312015 X 2594343 2751707 405000 415000 2999343 3166707 3366612 3478722 167364 0 X X 0 1 X 1 0 X 4902722 3854681 2549006 3017578 2016989 16340976 4902722 3854681 2549006 3017578 2016989 16340976 10364844 5976132 13402 84223 79176 176801 2800 2800 16520577 418346 0.36170 0.34900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 1,000. 2024 AMOUNT: $ 0. 2025 AMOUNT: $ 0. SPEAKER FEES - 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 1,800. 2024 AMOUNT: $ 0. 2025 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATE 307015 307015 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, 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, 2025 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 AMERICAN ARTS ALLIANCE INC 29 W 38TH STREET FLOOR 9 NEW YORK NY 10018 133480189 501(C)(3) 95000 0 SUPPORT THE NATIONAL MUSEUM OF ASIAN PACIFIC AMERICAN HISTORY AND CULTURE 1 0 PART I, LINE 2: A REPORT IS SENT OUT 6 MONTHS AFTER GRANT FUNDS ARE AWARDED. THE ORGANIZATION ASKS RECIPIENTS TO DESCRIBE HOW THEY USE THE FUNDS AND HOW THE FUNDS HAVE IMPACTED THEIR BUSINESS. RECIPIENTS ARE ALSO REQUIRED TO SUBMIT PHOTOS OF ANY IMPROVEMENTS MADE. THE FOLLOWING IS THE LIST OF QUESTIONS ASKED TO RECIPIENTS: (1) HOW DID YOU USE THE FUNDS? (2) HOW DID THE FUNDS IMPACT YOUR BUSINESS? (3) CAN YOU GIVE ANY SPECIFIC EXAMPLES OF HOW THE FUNDS HELPED YOU ACHIEVE A BUSINESS GOAL OR GROW IN CAPACITY? (4) PLEASE INCLUDE ANY PHOTOS OF IMPROVEMENTS MADE WITH THE FUNDS TO YOUR BUSINESS, OR A PHOTO OF YOU IN FRONT OF YOUR PLACE OF BUSINESS. IF YOU ARE FAMILY-RUN, SHARE A PHOTO OF YOU AND YOUR FAMILY IN THE RESTAURANT. 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP (ACE), AN AFFILIATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). ACE'S BOARD OF DIRECTORS ESTABLISHES AND APPROVES THE COMPENSATION FOR ITS PRESIDENT & CEO. 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 2024. FORM 990, PART VII, SECTION A, LINE 5 THE ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP COMPENSATED CHILING TONG, THE PRESIDENT AND CEO OF THE ACE FOUNDATION. X AIRLINE TICKET CODES 120 48000 0 0 0 PART I, COLUMN (B): THE TOTAL REPRESENTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WERE RECEIVED FOR THE YEAR ENDED DECEMBRE 31, 2025. FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT ("AGREEMENT") IS MADE BY AND BETWEEN THE ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE AND ENTREPRENEURSHIP, A DISTRICT OF COLUMBIA NONPROFIT CORPORATION ("ACE") AND THE ACE FOUNDATION, A DISTRICT OF COLUMBIA NONPROFIT CORPORATION (THE "FOUNDATION"). MANAGEMENT AND ADMINISTRATIVE SERVICES INCLUDES, BUT IS NOT LIMITED TO: (A) SUPERVISION OF ALL PERSONS WHO PERFORM COMPENSATED SERVICES ON BEHALF OF THE FOUNDATION (B) ADMINISTRATION OF ALL FUNDS RECEIVED BY THE FOUNDATION (C) MAINTENANCE OF ACCURATE, COMPLETE, AND SEPARATE FINANCIAL RECORDS (D) ACKNOWLEDGMENT OF CONTRIBUTIONS (E) CONTROL FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL 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 IN ADHERENCE TO THE CONFLICT OF INTEREST POLICY, BOARD OF DIRECTORS AND STAFF MUST DISCLOSE ANY CONFLICTS OF INTEREST AND ABSTAIN FROM VOTING ON ANY MATTERS FOR WHICH HE OR SHE HAS A CONFLICT. THE MEMBER WITH A CONFLICT RECUSES HIMSELF OR HERSELF FROM THE DISCUSSION, AND THE REMAINING BOARD MEMBERS RESOLVE THE MATTER IN WHAT IS DEEMED THE BEST INTEREST OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF ASIAN & PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE & ENTREPRENEURSHIP (ACE), AN AFFILIATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). ACE'S BOARD OF DIRECTORS ESTABLISHES AND APPROVES THE COMPENSATION FOR ITS PRESIDENT & CEO. 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 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE UPON REQUEST THE FOLLOWING: 1. GOVERNING DOCUMENTS 2. CONFLICT OF INTEREST POLICY 3. FINANCIAL STATEMENTS FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.