Nonprofit · EIN 94-3201522
ASIAN PACIFIC FUND
Tax-exempt · SAN FRANCISCO, CA 94104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,649,188 | $3,448,378 | $200,810 | $25,698,240 | $114,709 | $25,583,531 |
| December 31, 2023 | 990 | $4,929,380 | $3,200,985 | $1,728,395 | $24,282,548 | $89,468 | $24,193,080 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,304,927
- Program service revenue
- $156,212
- Investment income
- $1,093,970
- Net gain from sales of assets
- $236,546
- Net income from fundraising events
- $67,710
- Other revenue
- $94,079
Expenses
- Grants and similar amounts paid
- $1,791,708
- Compensation of officers, directors and key employees
- $661,731
- Other salaries and wages
- $333,629
- Salaries, compensation and benefits (total)
- $1,151,057
- Professional fundraising fees
- $0
- Legal fees
- $3,525
- Accounting fees
- $91,292
- Occupancy
- $18,482
- Travel
- $87,073
- Depreciation
- $7,720
- Program services (functional)
- $2,704,019
- Management and general (functional)
- $554,081
- Fundraising (functional)
- $190,278
Balance sheet and other
- Total assets, start of year
- $24,282,548
- Total assets, end of year
- $25,698,240
- Total liabilities, end of year
- $114,709
- Net assets, end of year
- $25,583,531
- Land, buildings and equipment
- $5,364
- Publicly traded securities
- $24,281,835
- Net assets without donor restrictions
- $9,407,868
- Net assets with donor restrictions
- $16,175,663
- Gross receipts
- $8,366,887
- Employees
- 9
- Volunteers
- 36
- Year formed
- 1993
- 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 | Other / benefits |
|---|---|---|---|---|
| CAROLYN WANG KONG | PRESIDENT & EXECUTIVE DIRECTOR Officer | 40 | $246,000 | $0 |
| GURPREET TUNG | DIRECTOR OF DEVELOPMENT Key employee | 40 | $157,154 | $8,086 |
| MARYANN TREBLE | DIRECTOR OF FINANCE & OPERATIONS Officer | 40 | $129,898 | $11,063 |
| TAVAE SAMUELU | DIRECTOR OF COMMUNITY INITIATIVES & GRANTMAKING Officer | 40 | $128,680 | $7,994 |
| TOM COLE | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| EMERALD YEH | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| NELSON ISHIYAMA | TREASURER (THROUGH JULY 2024) Trustee or director, Officer | 1.5 | $0 | $0 |
| KAI HONG | TREASURER (AS OF AUG 2024) Trustee or director, Officer | 1.5 | $0 | $0 |
| NEEL CHATTERJEE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ROSALYN CHEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KATHY CHOU | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RUPAL HOLLENBECK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAN KANG | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARGARET LAPIZ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHELE LAU | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAJ MATHAI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CARINA RUIZ SINGH | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN WANG KONG | PRESIDENT & EXECUTIVE DIRECTOR Officer | 40 | $271,000 |
| GURPREET TUNG | DIRECTOR OF DEVELOPMENT Key employee | 40 | $152,224 |
| MARYANN TREBLE | DIRECTOR OF FINANCE & OPERATIONS Officer | 40 | $73,908 |
| TOM COLE | CHAIR Trustee or director, Officer | 1.5 | $0 |
| NELSON ISHIYAMA | TREASURER Trustee or director, Officer | 1.5 | $0 |
| EMERALD YEH | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| NEEL CHATTERJEE | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE CHEN | DIRECTOR Trustee or director | 0.5 | $0 |
| KATHY CHOU | DIRECTOR Trustee or director | 0.5 | $0 |
| PETER CHUNG | DIRECTOR Trustee or director | 0.5 | $0 |
| JAN KANG | DIRECTOR Trustee or director | 0.5 | $0 |
| ROSALYN CHEN | DIRECTOR Trustee or director | 0.5 | $0 |
| MARGARET LAPIZ | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELE LAU | DIRECTOR Trustee or director | 0.5 | $0 |
| RAJ MATHAI | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 345 CALIFORNIA STREET, SAN FRANCISCO, CA 94104-2606
- Principal officer (990 for 2024)
- TAMARA CHAO, 345 CALIFORNIA STREET 7TH FLOOR, SAN FRANCISCO, CA 94104
- Signed the 990
- TAMARA CHAO, PRESIDENT & EXECUTIVE DIRECTOR
- Phone
- (415) 395-9985
- Website
- WWW.ASIANPACIFICFUND.ORG
- Return prepared by
- EASY OFFICE DBA JITASA
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3201522 or by the name ASIAN PACIFIC FUND.
- 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 UPLIFT BAY AREA ASIAN AMERICANS, NATIVE HAWAIIANS, AND PACIFIC ISLANDERS (AANHPIS) BY MOBILIZING RESOURCES AND AMPLIFYING OUR VOICES TO DRIVE POSITIVE CHANGE AND CREATE AN INCLUSIVE THRIVING SOCIETY.
Program accomplishments
- GENERAL PROGRAMS - APF OFFERS GRANTS AND SERVICES TO NONPROFITS NATIONALLY TO SUPPORT AND IMPROVE EDUCATIONAL OUTCOMES, LANGUAGE ACCESS, AND INCREASE CIVIC ENGAGEMENT. IN 2024, THE FUND HOSTED TRAININGS ONLINE AND IN PERSON ON THE TOPICS OF STRATEGIC COMMUNICATIONS, FUNDRAISING, EXECUTIVE TRANSITIONS, AND NONPROFIT FINANCE.Expenses $977,408 · grants $584,542 · revenue $79,196
- EDUCATION - APF DISTRIBUTES SCHOLARSHIPS TO HIGH SCHOOL, UNDERGRADUATE, AND GRADUATE STUDENTS AND OFFERS LEADERSHIP DEVELOPMENT PROGRAMMING TO INCREASE ACCESS TO AND RETENTION IN HIGHER EDUCATION.Expenses $618,484 · grants $172,166 · revenue $77,016
- SMALL GRANTS PROGRAM - APF DISTRIBUTES GRANTS TO NONPROFITS IN THE BAY AREA TO SUPPORT CAPACITY BUILDING PROJECTS THAT RANGED FROM FUNDRAISING TO STAFF WELLNESS INITIATIVES. IN 2024, THE FUND AWARDED $25,000 EACH TO 22 ORGANIZATIONS.Expenses $550,000 · grants $550,000
- OTHER PROGRAMS INCLUDE THE ACT AND MENTAL HEALTH RELATED EXPENSES.Expenses $558,127 · grants $485,000
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
- 94-3201522
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $25,698,240
- Income (IRS master file)
- $8,366,887
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,649,188 | $3,448,378 | $25,698,240 | IRS |
| 990 | December 2023 | $4,929,380 | $3,200,985 | $24,282,548 | XML |
| 990 | December 2022 | $2,544,907 | $4,661,512 | $20,898,995 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 94-3201522).
Questions about ASIAN PACIFIC FUND
- What is the EIN of ASIAN PACIFIC FUND?
- The employer identification number (EIN) of ASIAN PACIFIC FUND is 94-3201522.
- Is ASIAN PACIFIC FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to ASIAN PACIFIC FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN PACIFIC FUND 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 PACIFIC FUND 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 PACIFIC FUND 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 PACIFIC FUND?
- The 990 for the year ended December 31, 2024 names TAMARA CHAO.
- Who are the officers and directors of ASIAN PACIFIC FUND?
- The 990 for the year ended December 31, 2024 lists 17 people; 4 received compensation from the organization, the highest $246,000 (CAROLYN WANG KONG, PRESIDENT & EXECUTIVE DIRECTOR).
- How much revenue does ASIAN PACIFIC FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,649,188, expenses of $3,448,378 and total assets of $25,698,240 at year end.
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