Nonprofit · EIN 33-1065327
ASIAN AMERICAN PROFESSIONAL ASSOCIATION
Tax-exempt (reinstated) · LOS ANGELES, CA 90012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $111,681 | $151,732 | -$40,051 | $259,046 | – | $259,046 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $95,645
- Program service revenue
- $16,023
- Investment income
- $13
Expenses
- Compensation of officers, directors and key employees
- $62,216
- Salaries, compensation and benefits (total)
- $104,715
- Professional fees and payments to contractors
- $30,535
- Other expenses
- $16,482
- Program services (functional)
- $96,432
Balance sheet and other
- Total assets, start of year
- $307,021
- Total assets, end of year
- $259,046
- Total liabilities, end of year
- –
- Net assets, end of year
- $259,046
- Cash, savings and investments
- $258,626
- Gross receipts
- $111,681
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARON LOONG | Executive Dir. | 40 | $62,216 |
| RICHARD CHEUNG | Chairman | 5 | $0 |
| VIRGINIA MAO | Director | 5 | $0 |
| ERIC QUON-LEE | Chairman | 5 | $0 |
| ANDREW CHEUNG | Director | 5 | $0 |
| YOGITA MANTRI | Secretary | 5 | $0 |
| TONY LEE | Director | 5 | $0 |
| AARON HUANG | Treasurer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 360 E 2ND ST STE 800, LOS ANGELES, CA 90012-4607
- Signed the 990-EZ
- ERIC QUON-LEE, Chairman
- Phone
- (626) 559-6071
- Return prepared by
- Kevin Wong CPA
Mission
TO ADVANCE ASIAN AMERICAN PROFESSIONALS TO LEADERSHIP ROLES THROUGH TRAINING, NETWORKING, AND COLLABORATION.
Program accomplishments
- MENTORING PROGRAM - ONE-ON-ONE MENTORING, LEARNING MANAGEMENT AND LEADERSHIP SKILLS, AND CONNECTING WITH THE PROFESSIONAL ASIAN AMERICAN PROFESSIONAL ASSOCIATION (AAPA) NETWORK. BOARD LEADERSHIP PROGRAM - LEARNING WHAT IT TAKES TO BE AN EFFECTIVE BOARD MEMBER, GAINING PRACTICAL BOARD EXPERIENCE, AND APPLYING THESE SKILLS TO IMPACT THE COMMUNITY. TOASTMASTERS CLUB - WORKING TO BECOME A BETTER PUBLIC SPEAKER, IMPROVING ONES CONFIDENCE, AND DEVELOPING/IMPROVING YOUR COMMUNICATION AND LEADERSHIP SKILLS.Expenses $96,432
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 | 990-EZ 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
- 33-1065327
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $259,046
- Income (IRS master file)
- $111,681
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective August 15, 2011
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-EZ | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $301,127 | $199,457 | $328,130 | IRS |
| 990 | December 2022 | $219,801 | $155,333 | $231,010 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ASIAN AMERICAN PROFESSIONAL ASSOCIATION
- What is the EIN of ASIAN AMERICAN PROFESSIONAL ASSOCIATION?
- The employer identification number (EIN) of ASIAN AMERICAN PROFESSIONAL ASSOCIATION is 33-1065327.
- Is ASIAN AMERICAN PROFESSIONAL ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective August 15, 2011.
- Are donations to ASIAN AMERICAN PROFESSIONAL ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICAN PROFESSIONAL ASSOCIATION 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 PROFESSIONAL ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN AMERICAN PROFESSIONAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of ASIAN AMERICAN PROFESSIONAL ASSOCIATION?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $62,216 (KARON LOONG, Executive Dir.).
- How much revenue does ASIAN AMERICAN PROFESSIONAL ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $111,681, expenses of $151,732 and total assets of $259,046 at year end.
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