California Asian Pacific Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 383737264
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2009
- Location
- Sacramento, CA, USA
- Phone
- 9164467883
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $4,323,239
- Expenses
- $4,444,258
- Assets
- $4,340,809
- Liabilities
- $1,165,368
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
People named in this filing
- CATHERIN BORG (DIRECTOR)
- KARA BUSH (DIRECTOR)
- TIM YAMAUCHI (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance statewide economic development strategies through public and private partnerships, strong advocacy efforts and by providing resources in our local communities through a network of community-based organizations dedicated to providing services and programs that help our asian pacific islander community thrive.
What it reported doing in 2024
In 2024, the chamber continued its work on 4 federal grants - one with the u.s. Department of transportation, two with the u.s. Department of commerce, and one with the norcal sbdc network. The mbda business center started in 2021 providing technical assistance and business services to minority business enterprises, as well as assisting with financing and contract opportunities. The mbda capital readiness program (electrify California) started in 2023, providing technical assistance and access to capital and financing opportunities for minority small businesses looking to work in the electrification industry. Under the small business transportation resource center (sbtrc), the chamber assisted small businesses with procurement and bonding, providing technical assistance and 1-on-1 consulting to firms. The chamber was also awarded a separate contract by the state of California's governor's office of business and economic development (go-biz) under the sb-tap program to help expand the scope of services offered by the chamber's federal assistance programs. The san joaquin small business development center (sbdc) started in 2022, provides technical assistance and consulting services to small businesses in san joaquin county, assisting with access to capital, financing, procurement, and business development.
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
- 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: 92
- Accountability: 88
- Sustainability: 37
- Growth: 60
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: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: -2.8%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 14.1% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 30.8% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 34 of 34 board members independent · 5 of 7 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $0 · 34 people listed
- Highest-paid contractors: 4 contractors listed · $547K reported
- Consistency: 9 of 9 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 25/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.