Aapi Montclair Inc
Nonprofit profile at a glance
- EIN
- 873232252
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2021
- Location
- Branchburg, NJ, USA
- Phone
- 8623990443
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $1,204,566
- Expenses
- $950,002
- Assets
- $918,440
- Liabilities
- $54,918
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- AMBER REED (PRESIDENT/CO-EX DIRECTOR)
Highest reported compensation
- ROSLYNE SHIAO (CO-EX DIRECTOR): $53,558 total reported compensation
- AMBER REED (PRESIDENT/CO-EX DIRECTOR): $36,948 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Aapi New Jersey's mission is to champion the well-being, rights, representation, histories, and cultures of New Jersey's 1+ million asian americans, native hawaiians, and pacific islanders.
What it reported doing in 2024
Cultural and community - we create days and spaces where aapis can share, learn, celebrate, build community, and access direct services, including major celebrations of diwali, lunar new year, holi/songkran, and aapi heritage month. The annual lantern festival for justice and remembrance, and over 80 smaller events throughout the year with total annual participation of 10,000+ youth and adults. We offer culturally relevant mental and physical wellness workshops, healing sessions, and referrals to address New Jersey aapis community needs and reduce stigma, access, and other uptake barriers. We also offer capacity-building subgrants to strengthen and support emerging aapi organizations across New Jersey.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 71
- Accountability: 83
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.3%; rating input score 60
- Program expense ratio: 76.2%; rating input score 76
- Fundraising efficiency: $12.95 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 25.2%; rating input score 25; 26th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.1%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 83.5% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 70.9% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 83.4% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 60.3% of revenue deployed · 76.2% of spending went to programs
- Governance: 12 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $724K in reported program spending
- Leadership: top reported pay $54K · 18 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 25/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.