Asian Pacific Community Fund of Southern California

What it reported doing in 2024

In 2024, together with apcf's 82 network agencies in los angeles and orange counties, we serve over 1.25 million people annually, primarily low-income, immigrant aapis, with programs and services in 39 aapi languages, as well as english and spanish.as an aapi-focused community fund, apcf believes that our diverse communities are best served by nonprofits that speak our languages, know our cultures, and have the trust of our community members. Apcf continues to be responsive to meet the evolving needs of our aapi nonprofit sector with the following:1. Created new grant funding in response to our call for philanthropy to make timely and significant investments in our local aapi nonprofit sector when our communities need help the most - resulting in 2021's women leadership in philanthropy fund.2. Developed an aapi nonprofit programs matrix to help donors navigate and direct their giving for the greatest impact to local aapi communities, with categories that include covid-related services such as vaccinations and food deliveries as well as addressing anti-asian hate.3. Community events page to include ongoing free webinars and other capacity building/technical assistance virtual workshops in board leadership program and meet the funders.

Financial Efficiency

• Mission deployment rate: 61.8%; rating input score 62
• Program expense ratio: 96%; rating input score 96
• Fundraising efficiency: $102.52 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

• Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: 0 of 8 controls in place; rating input score 0
  • Claims monitoring procedures: Limited
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Limited
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 92.4%; rating input score 92; 27th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 96%; rating input score 96; 26th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 43.3%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 6.19; rating input score 86; 86th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 15.1% per year; rating input score 100; 78th percentile among comparable filings
• Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
• Asset growth: 22.6% per year; rating input score 100; 87th percentile among comparable filings