Overview
What is Asian Business Institute & Resource Center?
The Asian Business Institute & Resource Center is a nonprofit organization situated in Fresno, California, at 7035 N Fruit Avenue. Their primary mission is to establish a robust network of Asian American business owners, advocating for the sustained success of Asian businesses in the Central California region. This is achieved through various programs such as monthly broadcasts, groundwater sustainable and outreach programs, and business technical assistance programs, tailored to support southeast and small businesses in the Central Valley. In addition, they offer social programs to connect farming and food assistance, fostering community engagement and development. Operating with a team of 14 dedicated individuals, the Asian Business Institute & Resource Center serves as a valuable resource for Asian American businesses, promoting growth and advocacy in the region.
Official website here: www.fresnoabirc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
The Asian Business Institute & Resource Center has received a rating of 85%, indicating a commendable level of accountability and financial management. This score is derived entirely from their Accountability & Finance metrics, which reflect strong governance practices and transparency in operations. The organization has an excellent track record with 83% of its board members being independent, ensuring unbiased decision-making.
Strengths of the organization include its high program expense ratio of 91.93%, demonstrating that a significant portion of its funding is directed toward fulfilling its mission rather than administrative costs. Additionally, the institute has implemented various policies to promote accountability, such as conflict of interest and whistleblower policies, further enhancing its operational integrity.
While the overall score is positive, it's essential for potential donors and stakeholders to consider that the rating is based solely on financial accountability. There may be other qualitative aspects of the organization’s impact, community engagement, and program effectiveness that are not captured in this rating. Overall, the Asian Business Institute & Resource Center appears to be a well-managed nonprofit with strong financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Asian Business Institute & Resource Center legitimate?
Asian Business Institute & Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Business Institute & Resource Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $40,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,694
For more financial information, click here
Official website here: www.fresnoabirc.org
What is the mission statement of Asian Business Institute & Resource Center?
The Asian Business Institute & Resource Center aims to establish a robust network of Asian American business owners in the central California region. This network serves to promote and advocate for the sustained success of Asian businesses within this region. The organization's activities include outreach programs such as a monthly broadcast, groundwater sustainable and outreach programs, and business technical assistance for southeast and small businesses in the Central Valley. Additionally, they offer social programs to connect farming and food assistance, fostering a sense of community and support.
Official website here: www.fresnoabirc.org
Who is the CEO of Asian Business Institute & Resource Center?
Kee Xiong is the Executive Director of Asian Business Institute & Resource Center.
Official website here: www.fresnoabirc.org
What is the revenue of Asian Business Institute & Resource Center?
Asian Business Institute & Resource Center's revenue in 2022 was $1,748,300.
Official website here: www.fresnoabirc.org
Who are the executives of Asian Business Institute & Resource Center and what are their salaries?
The average compensation at Asian Business Institute & Resource Center during 2022 was $25,765. There are 14 employees at Asian Business Institute & Resource Center.
Here are 7 key members and their salaries:
- Compensation: $40,015
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fresnoabirc.org
Where can I find the form 990 for Asian Business Institute & Resource Center?
Asian Business Institute & Resource Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fresnoabirc.org
Learn more at the official website: www.fresnoabirc.org
Mission Statement of Asian Business Institute & Resource Center
The Asian Business Institute & Resource Center is dedicated to fostering a robust network of Asian American business owners in the Central California region. Their mission is centered around promoting and advocating for the sustained success of these businesses. By building this network, the Asian Business Institute & Resource Center aims to contribute positively to the economic landscape of the region.
The organization implements various outreach programs to achieve its mission. One such program is a monthly broadcast, designed to engage and inform the Asian American business community. Additionally, they offer groundwater sustainable and outreach programs, as well as business technical assistance programs for southeast and small businesses in the Central Valley. These initiatives are all geared towards supporting the growth and success of Asian American businesses in the region.
Moreover, the Asian Business Institute & Resource Center also organizes social programs that connect farming and food assistance. This aspect of their work underscores their commitment to addressing the unique needs and challenges faced by the Asian American business community. By providing a comprehensive array of programs and resources, the Asian Business Institute & Resource Center is instrumental in empowering Asian American business owners and contributing to the economic vitality of Central California.
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Impact
October, 2024
The Asian Business Institute & Resource Center significantly impacts the Central California region by fostering a robust network of Asian American business owners. Through various outreach programs, it promotes the sustained success of Asian businesses, providing vital business technical assistance to Southeast and small businesses in the Central Valley.
Their initiatives include a monthly broadcast to share resources and updates, along with groundwater sustainable programs that address critical farming and food assistance needs. By connecting entrepreneurs and offering support tailored to their unique challenges, the Institute not only strengthens individual businesses but also enhances the overall economic landscape of the area, leading to community improvement and resilience in the face of evolving market conditions.
This information is meant to be a general summary of Asian Business Institute & Resource Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $30
- Program Service Revenue: $102,229
- Gross Receipts: $1,748,300
Assets and Liabilities:
- Total Assets: $1,074,332
- Total Liabilities: $191,515
- Net Assets: $882,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$102,229
Organization Details
Founding Year
2009
Phone
(559) 476-3981Principal Officer
Kee Xiong
Main Address
7035 N FRUIT AVENUE, FRESNO, CA, 93711
Website
www.fresnoabirc.orgNTEE Category
Code: S31 - Community improvement
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