Asian & Pacific Islander American Chamber of Commerce & Entrepreneurship
Nonprofit profile at a glance
- EIN
- 462071116
- IRS 990 coverage
- 2018–2025
- Forms available
- Form 990 2025, Form 990-N 2017
- Location
- Washington, DC, USA
- Phone
- 2026276889
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $2,467,266
- Expenses
- $2,449,761
- Assets
- $1,710,509
- Liabilities
- $72,635
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- CHILING TONG (PRESIDENT AND CEO)
Highest reported compensation
- CHILING TONG (PRESIDENT AND CEO): $348,621 total reported compensation
- JAN-IE LOW (SVP OF CORP. STRAT. AND DEVELOPMENT): $164,182 total reported compensation
- MICHELLE IM (SR. FINANCE/ADMIN MANAGER): $117,043 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To empower asian american and pacific islander (aapi) and all small business owners and entrepreneurs by providing access to valuable resources, support networks, and funding opportunities. Our mission is to connect these business owners with the capital and tools needed to overcome growth challenges and achieve success, fostering a thriving community of innovative and resilient enterprises.
What it reported doing in 2025
Policy - national ace works to empower the small business community by advocating for policies that help entrepreneurs thrive. The organization bridges the gap between small business owners and policymakers through initiatives like capitol hill day, where entrepreneurs and chamber partners meet directly with members of congress and administration officials to ensure their voices help shape federal policy decisions. This year, 62 business leaders from national ace and its partner organizations met with 40 congressional offices. Additionally, national ace conducts policy research to address critical data gaps on issues including small business capital sources and the operational realities of micro-businesses. Our research and advocacy are also informed by small business roundtables hosted across the country. These discussions bring together entrepreneurs, corporate partners, and government leaders to engage in conversations about issues impacting small businesses. These sessions focus on topics ranging from workforce development and access to funding to the adoption of emerging technologies like ai and mental health. National ace actively participates in broader coalition initiatives, issues strategic policy updates to corporate sponsors, and submits formal letters of support to champion business-friendly legislation. In 2025, national ace hosted seven in-person small business roundtables nationwide.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 74
- Accountability: 87
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- 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: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 25th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.7%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 25.7%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 17% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 20.5% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 25.8% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 15 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 6 filed program accomplishments
- Leadership: top reported pay $349K · 23 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $133K reported
- Consistency: 10 of 10 current checks pass
- Schedules: 4 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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: 2 of 9 not reported.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Officer compensation ratio scored 10/100.