California Asian Pacific Chamber of Commerce Foundation

Nonprofit profile at a glance

EIN
680423644
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Sacramento, CA, USA
Phone
9164467883
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$1,042,438
Expenses
$1,029,562
Assets
$1,134,421
Liabilities
$382,873

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

Leadership & pay

8 people listed

Executive titles in this filing

  • ROB FONG (PRESIDENT)

People named in this filing

  • JOHN COSTA (DIRECTOR)
  • KATHY MCKIM (DIRECTOR)
  • ROB FONG (PRESIDENT)

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 strengthen underserved, diverse communities through leadership, professional development and education, community economic and workforce development, along with cultural diplomacy programs that build capacity within the state's next generation of asian american pacific islander leaders' ethnic-based grower associations, community-based service and faith-based organizations, business and civil society organizations who relfect the diverse tapestry of California's asian american and pacific islander community.

What it reported doing in 2024

The catalyst leadership program, now in its 17th year, provided 25 individuals with a 9-month, hands-on leadership development program designed to develop the management skills of diverse young professionals and emerging leaders. Participants develop an individual leadership plan; join community, social service or professional organizations; and meet with community leaders in order to forge key relationships within the state. Over 300 indivudlas have graduated from the catalyst leadership program.the cal asian foundation continued the aapi lift program in 2024. Aapi lift is a leadership program that focuses on mentoring community leaders, business owners, and entrepreneurs for public service, advocacy and/or public office. The program combines leadership development with individualized mentorship, equipping participants with the skills and insights needed to become changemakers in their communities, covering topics such as building coalitions, communicating your agenda, running winning campaigns, and governing effectively.the cal asian foundation continued its "netgen empower u" program in 2024. Nextgen empower u is a 3-month program designed to empower socioeconomically disadvantaged first- and second-generation young adults supporting their journey through higher education and career success. The program touches on topics such as relationship building, communication, education, career development, and financial management.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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.

The verdict

STRONG - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 86
  • Accountability: 76
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79%; rating input score 79
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $51.87 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th 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: 3 of 7 controls in place; rating input score 43
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.2%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 1.1; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 13.2% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 15.5% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 38.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 79% of revenue deployed · 80% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $823K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $160K reported
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 5 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: 1 filed related-organization link
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.