NATIONAL ASSOCIATION OF ASIAN AMERICAN Professionals Boston Inc

Nonprofit profile at a glance

EIN
043168838
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Boston, MA, USA
Phone
6175063641
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Environmental Quality, Protection, and Beautification N.E.C.

Official website

Reported finances

Revenue
$309,926
Expenses
$120,161
Assets
$467,568
Liabilities
$0

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

Leadership & pay

22 people listed

Executive titles in this filing

  • Polly Yang (President)
  • Sanghamitra Mohanty (Vice President)
  • Caroline Platt (Vice President)
  • Benjamin Shi (Vice President)
  • Cindy Truong (Vice President)
  • Rachel Luk (Vice President)

People named in this filing

  • VICTORIA LIU (Board Member)
  • Chien-Mei Chang (Board Member)
  • James Foo (Board Member)

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

NAAAP Boston is a non-profit, 501(c)(3), all-volunteer, Pan-Asian American professional organization that promotes the career advancement andleadership development of Asian American professionals in all fields through networking, Asian multiculturalism education, and supporting diversityand community service. As part of a national organization, NAAAP National is the largest and fastest growing Asian American professional organization in the U.S. and Canada. Through its committees, members can participate in many activities that bring together other Asian American professionals in community service, professional development and networking activities, just to name a few. Mission: - Cultivate and empower leaders for professional excellence - Connect accomplished professionals for mutual success - Engage and participate with the community-at-large - Inspire leaders to make a meaningful difference in government, education, business, and society.

What it reported doing in 2024

NAAAP Boston is a non-profit,501(c)(3), an all volunteer, Pan-Asian American professional organization that promotes the career advancement and leadership development of Asian American professionals in all fields through professional development, community service, and social events.As part of a NAAAP national, NAAAP Boston is the largest and fastest growing Asian American professional organization in Greater Boston. Through its eight committees, members can participate in many activities that bring together other Asian American professionals in community. Our history goes back to New York when the first chapter was founded in 1982. Boston founded its chapter in 1986. There are 27 active Chapters and Ventures across the country with a growing membership of over 3000. Currently, NAAAP Boston is one of the largest chapter with over 400 members. With an active Asian American community, NAAAP Boston is present at many events across the city. Mission: - Cultivate and empower leaders for professional excellence - Connect accomplished professionals for mutual success - Engage and participate with the community-at-large - Inspire leaders to make a meaningful difference in government, education, business, and society.Vision: "To be the premier Asian american professional and leadership development organization in the community"

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 94
  • Accountability: 0
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.4%; rating input score 24
  • Program expense ratio: 63.2%; rating input score 63
  • Fundraising efficiency: $354.86 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 61.2%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.89; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 24.4% of revenue deployed · 63.2% of spending went to programs
  • Governance: 0 of 22 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules · includes major donors and grants
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 24/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.