API Cultural CenterInc Oakland Asian Cultural Center

Nonprofit profile at a glance

EIN
731649335
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Oakland, CA, USA
Phone
5106370455
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Recreational Centers

Official website

Reported finances

Revenue
$1,062,092
Expenses
$1,095,201
Assets
$1,217,662
Liabilities
$79,330

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Lorraine Sumulong (President)
  • Arbour Decker (Vice President)

Highest reported compensation

  • Saly Lee (Executive Dir.): $100,943 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Oakland Asian Cultural Center builds vibrant communities through Asian and Pacific Islander American (APIA) arts and cultural programs that foster intergenerational and cross-cultural dialogue, cultural identity, collaborations, and social justice.API Cultural Center, Inc. dba Oakland Asian Cultural Center believes that culture and heritage play a critical role in building and maintaining vibrant and healthy communities. The Center showcases a wide range of cultural and artistic expression including dance, literature, music and the visual arts. OACC serves as a resource for understanding the legacy of Asians and Pacific Islanders and their unique influences on the cultural identities and enrichment of our communities and to build bridges of understanding among all communities

What it reported doing in 2024

Community arts/cultural programs- includes programs that directly serve and integrate the community in bringing the highest quality Asian and Pacific American arts and culture programming to OACC, such as presentations & talks, film screenings, and exhibitions via on-site and online recording and streaming platforms. Artist support programs include OACCs Artist in Residence which fosters emerging and established local APA artists in creating new works which are then premiered at an event. OACC also offers affordable facility rentals to the public and community-based organizations (CBOs). OACC often presents programs in collaboration with community partners who use space at cost or no cost.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 83
  • Accountability: 79
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.8%; rating input score 70
  • Program expense ratio: 67.2%; rating input score 67
  • Fundraising efficiency: $5.9 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.1%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 1.11; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 21.7% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 69.8% of revenue deployed · 67.2% of spending went to programs
  • Governance: 14 of 14 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $736K in reported program spending
  • Leadership: top reported pay $101K · 14 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • High — Sustainability: Operating margin scored 28/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.