Nonprofit · EIN 45-2064818
VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC
Tax-exempt (reinstated) · POWHATAN, VA 23139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $365,152 | $309,449 | $55,703 | $340,684 | $303 | $340,381 |
| December 31, 2023 | 990 | $425,714 | $420,753 | $4,961 | $284,678 | $0 | $284,678 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $365,152
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $18,126
- Salaries, compensation and benefits (total)
- $19,564
- Professional fundraising fees
- $2,880
- Occupancy
- $20,261
- Travel
- $14,698
- Program services (functional)
- $12,700
- Management and general (functional)
- $1,792
- Fundraising (functional)
- $294,957
Balance sheet and other
- Total assets, start of year
- $284,678
- Total assets, end of year
- $340,684
- Total liabilities, end of year
- $303
- Net assets, end of year
- $340,381
- Gross receipts
- $365,152
- Employees
- 1
- Volunteers
- 20
- Year formed
- 2010
- State of legal domicile
- VA
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 |
|---|---|---|---|
| MINESH PATEL | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ASHOK PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| ATUL PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| VIPUL PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| RAJ PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| MANAN SHAH | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL PATEL | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| SHIV PATEL | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| AL PATEL | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| NIRAV SHAH | BOARD MEMBER Trustee or director | 1 | $0 |
| BINDESH SHAH | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIJESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| SURESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ATUL PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| SANJAY PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JATIN SHAH | BOARD MEMBER Trustee or director | 1 | $0 |
| MINESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| DINAL PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| KRITESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MINESH PATEL | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ASHOK PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| ATUL PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| VIPUL PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| RAJ PATEL | EXECUTIVE BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| MANAN SHAH | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL PATEL | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| SHIV PATEL | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| AL PATEL | EXECUTIVE BOARD MEMBER Trustee or director | 1 | $0 |
| NIRAV SHAH | BOARD MEMBER Trustee or director | 1 | $0 |
| BINDESH SHAH | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIJESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| SURESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ATUL PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| SANJAY PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JATIN SHAH | BOARD MEMBER Trustee or director | 1 | $0 |
| MINESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| DINAL PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| KRITESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2090 ANDERSON HIGHWAY, POWHATAN, VA 23139-7946
- In care of
- % MR MINESH PATEL
- Principal officer (990 for 2024)
- MINESH PATEL, 2090 ANDERSON HIHGWAY, POWHATAN, VA 23139
- Signed the 990
- MINESH PATEL, PRESIDENT
- Phone
- (757) 226-7771
- Website
- vaaasoa.com
- Return prepared by
- CHIRAG PATEL CPA PLLC
Mission
To constantly strive to meet or exceed our customers needs and expectations of price, service, and selection. To do this end, we will perform periodic reviews of the marketplace to improve our offerings.
Program accomplishments
- ANNUAL EXPO EVENT- CORPORATE AND BOOTH SPONSORSHIPS
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
- 45-2064818
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $340,684
- Income (IRS master file)
- $365,152
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- March 1, 2017
- Reinstated
- Effective May 15, 2013
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 | $365,152 | $309,449 | $340,684 | IRS |
| 990 | December 2023 | $425,714 | $420,753 | $284,678 | XML |
| 990 | December 2022 | $343,810 | $417,680 | $279,871 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 45-2064818).
Questions about VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC
- What is the EIN of VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC is 45-2064818.
- Is VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION 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 VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION 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 VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION 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 VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names MINESH PATEL.
- Who are the officers and directors of VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA ASIAN AMERICAN STORE OWNERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $365,152, expenses of $309,449 and total assets of $340,684 at year end.
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