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Nonprofit · EIN 20-4956912

FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC

Tax-exempt · WASHINGTON, DC 20001

Financials

$7K$7K2023$3K$3K2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,852$2,611$241$261$0$261
December 31, 2023990$6,500$6,598-$98$0$0$0
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,852
of which government grants
$2,852
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$2,611

Balance sheet and other

Total assets, start of year
$20
Total assets, end of year
$261
Total liabilities, end of year
$0
Net assets, end of year
$261
Net assets without donor restrictions
$261
Gross receipts
$2,852
Employees
0
Volunteers
10
Year formed
2006
State of legal domicile
DC

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.

NameTitleHours / weekCompensation
Larry GiammoDirector
Trustee or director
2$0
Dr John YoungDirector
Trustee or director
2$0
Serina MoyDirector
Trustee or director
3$0
Dr Harpal MangatPresident
Trustee or director, Officer
2$0
Jakob LeeDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
DRJOHN YOUNGCHAIRMAN
Trustee or director
2$0
SERINA MOYPRESIDENT
Trustee or director
3$0
KUAN LEEDIRECTOR
Trustee or director
2$0
JAKOB LEEDIRECTOR
Trustee or director, Officer
2$0
DRHARPAL MANGATDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1310 9TH ST NW, WASHINGTON, DC 20001-4208
In care of
% JOHN YOUNG
Principal officer (990 for 2024)
Michael Lau, 1310 Ninth Street NW, Washington, DC 20001
Signed the 990
John L Young, Board Member
Phone
(301) 404-1690
Return prepared by
Moy Cheung & Company

Mission

The Foundation for Asian Pacific American Chamber of Commerce (APACC) primarily serves the Asian American Community through charitable and educational events and functions.

990 for the year ended December 31, 2024

Program accomplishments

  • The Foundation for Asian Pacific American Chamber of Commerce, also known as FAPACC (IRC 501(C)(3)) served as a foundation for the Asian Pacific American Chamber of Commerce (APACC)(IRC 501(C)(6)). This APACC provides Asian American community business seminars and educational services related to the Asian American business community needs. The Foundation FAPACC serves as a foundation for the APACC, which is planned by the FAPACC Board of Directors. The only transaction in 2016 for FAPACC is the transfer of funds related to the APACC in the amount of $19,998 to the APACCs initiative.
    Expenses $2,611 · grants $2,852

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-4956912
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2007
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B82)
Assets (IRS master file)
$261
Income (IRS master file)
$2,852

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,852$2,611$261IRS
990December 2023$6,500$6,598$0XML
990December 2022$0$257$0IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 20-4956912).

Questions about FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC

What is the EIN of FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC?
The employer identification number (EIN) of FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC is 20-4956912.
Is FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC 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 FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC 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 FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC?
The 990 for the year ended December 31, 2024 names Michael Lau.
Who are the officers and directors of FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR THE ASIAN PACIFICAMERICAN CHAMBER OF COMMERCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,852, expenses of $2,611 and total assets of $261 at year end.

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