Nonprofit · EIN 88-2237086
ASIAN AMERICAN INSURANCE NETWORK
Tax-exempt · LAGUNA BEACH, CA 92651
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $156,988 | $56,194 | $100,794 | $341,613 | – | $341,613 |
| December 31, 2023 | 990-EZ | $198,609 | $27,660 | $170,949 | $240,819 | – | $240,819 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $150,389
- Program service revenue
- $6,599
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $773
- Other expenses
- $55,421
Balance sheet and other
- Total assets, start of year
- $240,819
- Total assets, end of year
- $341,613
- Total liabilities, end of year
- –
- Net assets, end of year
- $341,613
- Cash, savings and investments
- $341,613
- Gross receipts
- $156,988
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER WOO | PRESIDENT | 0 | $0 |
| JEFF CHEN | VICE PRESIDE | 0 | $0 |
| ALLISON CHAN | SECRETARY | 0 | $0 |
| JAMES SUH | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Woo | President | 5 | $0 |
| Albert Alikin | Vice President | 5 | $0 |
| Allison Chan | Secretary | 5 | $0 |
| Angela Lee | Treasurer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1968 S COAST HWY PMB 2845, LAGUNA BEACH, CA 92651-3681
- In care of
- % PETER WOO
- Signed the 990-EZ
- PETER WOO, PRESIDENT
- Phone
- (949) 414-8880
- Website
- WWW.AAINSURANCE.ORG
- Return prepared by
- HOKON CHOE CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 88-2237086 or by the name ASIAN AMERICAN INSURANCE NETWORK.
- 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOASE IS TO INFORM, EDUCATE AND CONNECT WITH OTHER ASIAN AMERICAN PROFESSIONALS IN THE INSURANCE INDUSTRY.
Program accomplishments
- INFORM, EDUCATE AND CONNECT WITH OTHER ASIAN AMERICAN PROFESSIONALS IN THE INSURANCE INDUSTRY.
- LOCAL CHAPTER MEMBERS HELD NETWORKING EVENTS TO PROMOTE MEMBERS' COMMUNICATIONS.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-2237086
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $341,613
- Income (IRS master file)
- $156,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $156,988 | $56,194 | $341,613 | XML |
| 990-EZ | December 2023 | $198,609 | $27,660 | $240,819 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-2237086).
Questions about ASIAN AMERICAN INSURANCE NETWORK
- What is the EIN of ASIAN AMERICAN INSURANCE NETWORK?
- The employer identification number (EIN) of ASIAN AMERICAN INSURANCE NETWORK is 88-2237086.
- Is ASIAN AMERICAN INSURANCE NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Are donations to ASIAN AMERICAN INSURANCE NETWORK tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASIAN AMERICAN INSURANCE NETWORK 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 INSURANCE NETWORK 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 AMERICAN INSURANCE NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ASIAN AMERICAN INSURANCE NETWORK?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ASIAN AMERICAN INSURANCE NETWORK have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $156,988, expenses of $56,194 and total assets of $341,613 at year end.
Other nonprofits in LAGUNA BEACH
- CEO LEADERSHIP ALLIANCE ORANGE COUNTY EIN 87-3516668 · last filed 990 for 2024
- WESTERN STATES ACQUIRERS ASSOCIATION INC EIN 20-0800263 · last filed 990 for 2025
- NATIONAL TALENT COLLABORATIVE EIN 93-4395768 · last filed 990 for 2024
- CALIFORNIA FEDERATION OF WOMENS CLUBS EIN 95-1694579 · last filed 990 for 2024
- GREATER SUDANESE AMERICAN ALLIANCE OF SOCAL INC EIN 99-1271265 · last filed 990-EZ for 2024
- SOUTH LAGUNA CIVIC ASSOCIATION EIN 95-6346023 · last filed 990-N for 2025
- GCASE INC EIN 45-4717788 · last filed 990-N for 2025
- COMMUNITY MANAGERS INTERNATIONAL ASSOCIATION EIN 91-1995427 · last filed 990-N for 2025
All nonprofits in LAGUNA BEACH · California · Community improvement and capacity building