Asian Business Association San Diego
Nonprofit profile at a glance
- EIN
- 330430474
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-N 2009
- Location
- San Diego, CA, USA
- Phone
- 8582772822
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,065,246
- Expenses
- $1,154,957
- Assets
- $224,590
- Liabilities
- $268,058
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- JASON PAGUIO (President & CEO)
Highest reported compensation
- JASON PAGUIO (President & CEO): $200,000 total reported compensation
- Vince Vasquez (Director): $15,493 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Build sustainable communities through inclusive economic development and qualified diverse workforce accomplished through small business technical assistance, education, outreach, advocacy and access to capital
What it reported doing in 2024
In partnership with the Asian Business Association Foundation, AAPI Data, and the California Commission on Asian and Pacific Islander American Affairs, ABASD conducted a California-statewide research initiativecomprising a comprehensive economic and small business study of AANHPI-owned enterprises, designed to thoroughly examine the AANHPI business community across the state and assess how current issues are affecting their operations and growth in order to provide better services and programs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 77
- Sustainability: 15
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.4%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -8.4%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 1.19; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 14.3%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: -17.2% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 15.6% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 21% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 27 of 28 board members independent · 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $685K in reported program spending
- Leadership: top reported pay $200K · 30 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $182K reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 24/100.