Nonprofit · EIN 13-3801336
ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,112,591 | $1,082,910 | $29,681 | $1,273,097 | $242,119 | $1,030,978 |
| September 30, 2024 | 990 | $1,188,508 | $1,270,955 | -$82,447 | $1,304,922 | $303,625 | $1,001,297 |
| September 30, 2023 | 990 | $1,590,149 | $1,262,499 | $327,650 | $1,256,226 | $172,482 | $1,083,744 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $808,674
- Program service revenue
- $0
- Investment income
- $24,610
- Net income from fundraising events
- $278,900
- Other revenue
- $279,307
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,000
- Other salaries and wages
- $145,416
- Salaries, compensation and benefits (total)
- $348,347
- Professional fundraising fees
- $0
- Legal fees
- $7,000
- Accounting fees
- $5,361
- Occupancy
- $47,950
- Travel
- $24,643
- Depreciation
- $1,376
- Program services (functional)
- $649,703
- Management and general (functional)
- $330,299
- Fundraising (functional)
- $102,908
Balance sheet and other
- Total assets, start of year
- $1,304,922
- Total assets, end of year
- $1,273,097
- Total liabilities, end of year
- $242,119
- Net assets, end of year
- $1,030,978
- Land, buildings and equipment
- $4,858
- Net assets without donor restrictions
- $1,030,978
- Gross receipts
- $1,215,499
- Employees
- 5
- Year formed
- 1994
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Wang | Chairman Trustee or director, Officer | 40 | $117,500 |
| Joyce Chang | Director Trustee or director | 40 | $0 |
| Anindo Dutta | Director Trustee or director | 40 | $0 |
| David Reid | BOARD Trustee or director | 40 | $0 |
| Rohan Thapar | Secretary Trustee or director, Officer | 40 | $0 |
| Christy Wang | Treasurer Trustee or director, Officer | 40 | $0 |
| Scott Wang | President Trustee or director, Officer | 40 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Wang | Chairman Trustee or director, Officer | 40 | $87,500 | $30,000 |
| Joyce Chang | Director Trustee or director | 40 | $0 | $0 |
| Anindo Dutta | Director Trustee or director | 40 | $0 | $0 |
| David Reid | BOARD Trustee or director | 40 | $0 | $0 |
| Rohan Thapar | Secretary Trustee or director, Officer | 40 | $0 | $0 |
| Christy Wang | Treasurer Trustee or director, Officer | 40 | $0 | $0 |
| Scott Wang | President Trustee or director, Officer | 40 | $0 | $0 |
990 for the year ended September 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN WANG | President Trustee or director, Officer | 40 | $108,500 |
| ILWON KANG | Treasurer Trustee or director, Officer | 10 | $0 |
| BO CHEN | Secretary Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 390 5TH AVE RM 510, NEW YORK, NY 10018-8128
- In care of
- % JOHN WANG
- Principal officer (990 for 2024)
- JOHN WANG
- Signed the 990
- JOHN WANG, President
- Phone
- (212) 966-0100
- Website
- WWW.AABDC.COM
- Return prepared by
- WEI WEI & CO LLP
Mission
TO PROVIDE ASIAN-AMERICAN BUSINESS OWNERS WITH TECHNICAL AND PROFESSIONAL ASSISTANCE IN DEVELOPING MARKETING AND FINANCING STRATEGIES.
Program accomplishments
- TO PROVIDE ASIAN-AMERICAN BUSINESS OWNERS WITH TECHNICAL AND PROFESSIONAL ASSISTANCE IN DEVELOPING MARKETING AND FINANCING STRATEGIES.Expenses $649,703 · revenue $25,017
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 13-3801336
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,273,097
- Income (IRS master file)
- $1,215,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,112,591 | $1,082,910 | $1,273,097 | XML |
| 990 | September 2024 | $1,188,508 | $1,270,955 | $1,304,922 | XML |
| 990 | September 2023 | $1,590,149 | $1,262,499 | $1,256,226 | XML |
| 990 | September 2022 | $755,571 | $854,914 | $996,075 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3801336).
Questions about ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC
- What is the EIN of ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC?
- The employer identification number (EIN) of ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC is 13-3801336.
- Is ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC?
- The 990 for the year ended September 30, 2025 names JOHN WANG.
- Who are the officers and directors of ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC?
- The 990 for the year ended September 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $117,500 (John Wang, Chairman).
- How much revenue does ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,112,591, expenses of $1,082,910 and total assets of $1,273,097 at year end.
Other nonprofits in NEW YORK
- LOCAL INITIATIVES SUPPORT CORPORATION EIN 13-3030229 · last filed 990 for 2024
- HADASSAH THE WOMENS ZIONIST ORGANIZATION OF AMERICA INC EIN 13-1656651 · last filed 990 for 2024
- GRAMEEN AMERICA INC EIN 20-8497991 · last filed 990 for 2024
- THE COMMUNITY PRESERVATION CORPORATION EIN 13-2792409 · last filed 990 for 2025
- HISPANIC FEDERATION INC EIN 13-3573852 · last filed 990 for 2025
- CENT FOR URBAN COMMUNITY SVCS EIN 13-3687891 · last filed 990 for 2025
- CONFERENCE BOARD INC EIN 13-1624108 · last filed 990 for 2024
- TED FOUNDATION INC EIN 82-1934592 · last filed 990-PF for 2025
All nonprofits in NEW YORK · New York · Community improvement and capacity building