Nonprofit · EIN 20-2144363
ASIAN CHAMBER FOUNDATION
Tax-exempt (reinstated) · HOUSTON, TX 77042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $109,367 | $106,998 | $2,369 | $163,196 | $58,546 | $104,650 |
| December 31, 2023 | 990 | $63,757 | $66,064 | -$2,307 | $102,281 | $0 | $102,281 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $89,367
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $16,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $424
- Accounting fees
- $1,430
- Program services (functional)
- $106,998
Balance sheet and other
- Total assets, start of year
- $102,281
- Total assets, end of year
- $163,196
- Total liabilities, end of year
- $58,546
- Net assets, end of year
- $104,650
- Gross receipts
- $109,367
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- TX
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAY WANG | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| SYDNEY DAO | BOARD MEMBER Trustee or director | 1 | $0 |
| TRUNG DOAN | BOARD MEMBER Trustee or director | 1 | $0 |
| BIN YU | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAY WANG | CHIEF OPERATING OFFICER Trustee or director, Officer | 1 | $0 |
| CATHERINE LE DUNBAR | SECRETARY Trustee or director | 1 | $0 |
| SYDNEY DAO | BOARD MEMBER Trustee or director | 1 | $0 |
| TRUNG DOAN | BOARD MEMBER Trustee or director | 1 | $0 |
| BIN YU | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3535 BRIARPARK DR STE 108, HOUSTON, TX 77042-5275
- Mailing address (990-N for 2020)
- 3535 Briarpark Drive Suite 108, Houston TX 77042
- Principal officer (990 for 2024)
- MAY WANG, 4544 POST OAK PLACE SUITE 258, HOUSTON, TX 77027
- Principal officer (990-N for 2020)
- Trung Doan, 3535 Briarpark Drive Suite 108, Houston TX 77042
- Signed the 990
- MAY WANG, BOARD CHAIR
- Phone
- (713) 782-7222
- Website
- asianchamberfoundation.org
- Return prepared by
- ERIC ZHANG & ASSOCIATES LLP
Mission
The Asian Chamber Foundation provides opportunities of educational programming and funding support for the Asian community in economic growth and resiliency. We have a long standing impact since 1995 with scholarships and now expanded to empowering the entrepreneurs and businesses owners in the Greater Houston area.
Program accomplishments
- THE FOUNDATION HAS AWARDED EIGHT $2,000 STUDENT SCHOLARSHIPS TO DESERVING AND ACADEMICALLY ORIENTED GRADUATING HIGH SCHOOL SENIORS IN THE GREATER HOUSTON AREA TO AID IN FURTHERING THEIR EDUCATION. THE SEVEN SCHOLARSHIP RECIPIENTS WERE EVALUATED IN THEIR ACADEMICS, GPA, COMMUNITY SERVICE OR EMPLOYMENT, SCHOOL ACTIVITIES, AND A WRITTEN ESSAY.Expenses $16,000 · grants $16,000 · revenue $20,000
- LUNCHEON - AN EVENT TO PROMOTE CONNECTION FROM BUSINESS TO BUSINESS IN ASIAN COMMUNITY.revenue $8,200
- SEMINARS/WORKSHOPS - TO PROVIDE NETWORKING OPPORTUNITIES AND PRESENT SPEAKERS ON BUSINESS TOPICS RELATED TO ASIA AND THE ASIAN-AMERICAN COMMUNITY. BUSINESS CONFERENCE - GOAL OF BUSINESS CONFERENCE IS TO EDUCATE AND PROVIDE OPPORTUNITIES OF TRADE THROUGH EDUCATIONALWORKSHOPS AND A BUSINESS EXPO.Expenses $90,998 · revenue $81,167
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2144363
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $163,196
- Income (IRS master file)
- $109,367
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $109,367 | $106,998 | $163,196 | XML |
| 990 | December 2023 | $63,757 | $66,064 | $102,281 | XML |
| 990 | December 2022 | $51,000 | $18,030 | $104,588 | IRS |
| 990 | December 2021 | $71,618 | $0 | $71,618 | IRS |
| 990-N for 2020 Officer: Trung Doan | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Trung Doan | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-2144363).
Questions about ASIAN CHAMBER FOUNDATION
- What is the EIN of ASIAN CHAMBER FOUNDATION?
- The employer identification number (EIN) of ASIAN CHAMBER FOUNDATION is 20-2144363.
- Is ASIAN CHAMBER FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to ASIAN CHAMBER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN CHAMBER FOUNDATION 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 CHAMBER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN CHAMBER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASIAN CHAMBER FOUNDATION?
- The 990 for the year ended December 31, 2024 names MAY WANG.
- Who are the officers and directors of ASIAN CHAMBER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ASIAN CHAMBER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $109,367, expenses of $106,998 and total assets of $163,196 at year end.
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