Nonprofit · EIN 33-0916011
ASIAN BUSINESS ASSOCIATION FOUNDATION
Tax-exempt · SAN DIEGO, CA 92111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $877,306 | $892,148 | -$14,842 | $170,079 | $266,116 | -$96,037 |
| December 31, 2023 | 990 | $582,763 | $702,267 | -$119,504 | $115,986 | $197,181 | -$81,195 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $877,306
- of which government grants
- $487,206
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $60,000
- Salaries, compensation and benefits (total)
- $65,010
- Professional fundraising fees
- $0
- Occupancy
- $16,000
- Travel
- $2,351
- Program services (functional)
- $882,507
- Management and general (functional)
- $5,563
- Fundraising (functional)
- $4,078
Balance sheet and other
- Total assets, start of year
- $115,986
- Total assets, end of year
- $170,079
- Total liabilities, end of year
- $266,116
- Net assets, end of year
- -$96,037
- Gross receipts
- $877,306
- Employees
- 1
- Volunteers
- 20
- Year formed
- 2001
- State of legal domicile
- CA
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 | From related orgs |
|---|---|---|---|---|
| JASON PAGUIO | President & CEO Trustee or director, Officer | 40 | $50,000 | $150,000 |
| LOIS FONG-SAKAI | Chairwoman Trustee or director, Officer | 4 | $0 | $0 |
| ELVIN LAI | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT BROWNLIE | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| RON CHO | Director Trustee or director | 1 | $0 | $0 |
| SIMON WONG | Director Trustee or director | 1 | $0 | $0 |
| TERESA STIVERS | Director Trustee or director | 1 | $0 | $0 |
| ROBERT ITO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRAVIS KIYOTO | Director Trustee or director | 1 | $0 | $0 |
| DANIELLE LAM | Director Trustee or director | 1 | $0 | $0 |
| MADALENE MIELKE | Director Trustee or director | 1 | $0 | $0 |
| ROZANNA ZANE | CAO (SEE NOTES) Officer | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JASON PAGUIO | President & CEO Trustee or director, Officer | 40 | $60,000 | $144,231 |
| LOIS FONG-SAKAI | Chairwoman Trustee or director, Officer | 4 | $0 | $0 |
| ROBERT ITO | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELVIN LAI | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT BROWNLIE | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| RON CHO | Director Trustee or director | 1 | $0 | $0 |
| DANIELLE LAM | Director Trustee or director | 1 | $0 | $0 |
| SIMON WONG | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| TERESA STIVERS | Director Trustee or director | 1 | $0 | $0 |
| TRAVIS KIYOTA | Director Trustee or director | 1 | $0 | $0 |
| ROZANNA ZANE | ADMINISTRATOR | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7675 DAGGET ST STE 340, SAN DIEGO, CA 92111-2260
- In care of
- % WENDY URUSHIMA-CONN
- Mailing address (990-N for 2019)
- 7675 Dagget 340, San Diego CA 92111
- Principal officer (990 for 2024)
- JASON PAGUIO, 7675 DAGGET STREET SUITE 340, SAN DIEGO, CA 92111
- Principal officer (990-N for 2019)
- Jason Paguio, 7675 Dagget Street 340, San Diego CA 92111
- Signed the 990
- JASON PAGUIO, President & CEO
- Phone
- (619) 814-1423
- Website
- www.abasd.org
- Return prepared by
- TBI CONSULTING INC
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0916011 or by the name ASIAN BUSINESS ASSOCIATION FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO STRENGTHEN UNDERSERVED ASIAN AND PACIFIC ISLANDER COMMUNITIES THROUGH LEADERSHIP AND EDUCATION
Program accomplishments
- THE ASIAN BUSINESS ASSOCIATION FOUNDATION (ABAF) ENTERED INTO A MULTI-YEAR CONTRACT WITH THE CITY OF SAN DIEGO NOT TO EXCEED $1 MILLION FOR THE DESIGN AND CONSTRUCTION OF THE CONVOY DISTRICT GATEWAY SIGN PROJECT LOCATED IN THE CITY OF SAN DIEGO. ABAF STAFF AND CONSULTANTS ARE TO PROVIDE PROJECT MANAGEMENT AND OUTREACH COORDINATION, DESIGN SERVICES, PROJECT PLANS, PERMITTING, AND INSTALLATION OF THE GATEWAY SIGN. FOR THE YEAR 12/31/2024 ABAF RECEIVED GRANT REVENUE OF $556,906 IN CONNECTION WITH THE PROJECT.Expenses $556,905 · grants $556,906
- TECHNICAL ASSISTANCE AND OUTREACH FOR NO-COST ADVISING AND CONSULTING SERVICES TO ENTREPRENEURS AND SMALL BUSINESS.Expenses $150,068 · grants $150,000
- ASIAN PACIFIC ISLANDER ECONOMIC EQUITY PROGRAM PROVIDES BUSINESS DEVELOPMENT, TECHNICAL ASSISTANCE, OUTREACH AND CAPACITY BUILDING EDUCATIONAL SERVICES THAT IS CULTURALLY RESPONSIVE, TAILORED, AND IN MULTIPLE LANGUAGES.Expenses $132,534 · grants $130,400
- ASIAN & PACIFIC ISLANDER IN SAN DIEGO (API) SURVEY CONDUCTED IN SAN DIEGO COUNTY TO EVALUATE THE IMPACT OF CURRENT ISSUES OF THE API COMMUNITY.Expenses $33,000 · grants $30,000
- EDUCATIONAL SCHOLARSHIP PROGRAM TO FURTHER DEVELOP CURRENT AND FUTURE BUSINESSLEADERS IN THE API COMMUNITY.Expenses $10,000 · grants $10,000
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
- 33-0916011
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $170,079
- Income (IRS master file)
- $877,306
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $877,306 | $892,148 | $170,079 | IRS |
| 990 | December 2023 | $582,763 | $702,267 | $115,986 | XML |
| 990 | December 2022 | $358,750 | $368,465 | $105,809 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Jason Paguio | 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 33-0916011).
Questions about ASIAN BUSINESS ASSOCIATION FOUNDATION
- What is the EIN of ASIAN BUSINESS ASSOCIATION FOUNDATION?
- The employer identification number (EIN) of ASIAN BUSINESS ASSOCIATION FOUNDATION is 33-0916011.
- Is ASIAN BUSINESS ASSOCIATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to ASIAN BUSINESS ASSOCIATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN BUSINESS ASSOCIATION 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 BUSINESS ASSOCIATION 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 BUSINESS ASSOCIATION 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 BUSINESS ASSOCIATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names JASON PAGUIO.
- Who are the officers and directors of ASIAN BUSINESS ASSOCIATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $50,000 (JASON PAGUIO, President & CEO).
- How much revenue does ASIAN BUSINESS ASSOCIATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $877,306, expenses of $892,148 and total assets of $170,079 at year end.
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