Overview
What is Asian American Chamber Of Commerce Inc?
The Asian American Chamber of Commerce Inc is a nonprofit organization situated in Tysons Corner, Virginia. Its primary mission is to stimulate the economic growth of businesses owned by Asian Americans. The chamber accomplishes this by hosting events such as the Chamber Award Program/Gala, which honors outstanding achievements by Asian Pacific American enterprises and leaders in contributing to Washington D.C.'s business sector and economy. Furthermore, the organization organizes a Business Summit, bringing together members, guests, national and local political figures, and business leaders.
Official website here: www.asian-americanchamber.org
Is Asian American Chamber Of Commerce Inc legitimate?
Asian American Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Asian American Chamber Of Commerce Inc submitted a form 990EZ, 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: $65,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,808
For more financial information, click here
Official website here: www.asian-americanchamber.org
What is the mission statement of Asian American Chamber Of Commerce Inc?
The Asian American Chamber of Commerce Inc's mission is focused on promoting the economic growth of Asian-American owned businesses. They achieve this through various initiatives, including the Chamber Award Program/Gala, which recognizes notable contributions made by Asian Pacific American businesses and leaders within Washington D.C.'s business community and economy. The organization also hosts a Business Summit, bringing together members, national and local elected officials, and business leaders. Ultimately, the Asian American Chamber of Commerce Inc aims to enhance the economic development of Asian-American businesses, contributing to the overall business community in a significant manner.
Official website here: www.asian-americanchamber.org
What is the revenue of Asian American Chamber Of Commerce Inc?
Asian American Chamber Of Commerce Inc's revenue in 2023 was $246,562.
Official website here: www.asian-americanchamber.org
Who are the executives of Asian American Chamber Of Commerce Inc and what are their salaries?
The average compensation at Asian American Chamber Of Commerce Inc during 2023 was $34,404. There are 2 employees and 25 volunteers at Asian American Chamber Of Commerce Inc.
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Official website here: www.asian-americanchamber.org
Where can I find the form 990 for Asian American Chamber Of Commerce Inc?
Asian American Chamber Of Commerce Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.asian-americanchamber.org
Learn more at the official website: www.asian-americanchamber.org
Mission Statement of Asian American Chamber Of Commerce Inc
The Asian American Chamber of Commerce aims to play a significant role in the economic development of businesses owned by individuals of Asian descent. Their mission is to recognize and honor exceptional contributions made by these businesses and leaders within the Washington D.C. business community and economy through the Chamber Award Program/Gala. This event brings together members, guests, national and local elected officials, and business leaders, fostering a sense of unity and recognition within the community. Moreover, the Asian American Chamber of Commerce organizes a Business Summit, providing a platform for networking, collaboration, and knowledge sharing among its members. This nonprofit organization seeks to support and uplift Asian-American businesses, contributing to the economic growth and prosperity of the community.
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Impact
October, 2024
The Asian American Chamber of Commerce Inc significantly enhances the economic development of Asian-American owned businesses. Through initiatives like the Chamber Award Program/Gala, it recognizes and celebrates the contributions of Asian Pacific American businesses and leaders to the local economy in Washington D.C. This recognition helps elevate the visibility of these businesses and fosters a sense of community among members, guests, and local and national officials.
Moreover, by organizing events such as the Business Summit, the chamber creates essential networking opportunities that empower Asian-American entrepreneurs and business leaders. These gatherings facilitate collaboration and knowledge-sharing, benefiting both the businesses involved and the broader economic landscape. Overall, the chamber plays a crucial role in advocating for and supporting the growth of the Asian-American business community, driving positive economic and social impact in the region.
This information is meant to be a general summary of Asian American Chamber Of Commerce Inc. 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 2023.
- Investment Income: $45
- Program Service Revenue: $90,457
- Gross Receipts: $246,562
Assets and Liabilities:
- Total Assets: $113,326
- Total Liabilities: $62,075
- Net Assets: $51,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER EVENT REVENUE
Revenue
$56,092
ANNUAL MEMBERSHIP DUES
Revenue
$34,365
Organization Details
Principal Officer
Cindy Shao
NTEE Category
Code: S41 - Community improvement
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