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Asian Business Association Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330916011 ✦ San diego, CA ✦ Designated as a 501(c)(3)

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Overview

What is Asian Business Association Foundation?

The Asian Business Association Foundation, located in San Diego, California, is a nonprofit organization with a focus on promoting economic equity. Their primary mission is to empower minority business enterprises (MBEs) with Asian and Pacific Islander descent, offering business development and capacity building educational services in San Diego County. By doing so, they aim to strengthen underserved Asian and Pacific Islander communities, fostering leadership and education within these communities. The foundation operates with a small team of one dedicated professional.


Official website here: www.asianbusinessassociation.org/

Is Asian Business Association Foundation legitimate?

Asian Business Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Business Association Foundation 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: $23,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.asianbusinessassociation.org/

What is the mission statement of Asian Business Association Foundation?

The Asian Business Association Foundation's mission is centered around strengthening underserved Asian and Pacific Islander communities. They achieve this through leadership and education. By implementing their Asian Pacific Islander Economic Equity Program, they offer business development and capacity building educational services to Minority Business Enterprises (MBEs) with Asian and Pacific Islander descent, aiming to foster growth and empowerment within these communities.


Official website here: www.asianbusinessassociation.org/

Who is the CEO of Asian Business Association Foundation?

Jason Paguio is the President & Ceo of Asian Business Association Foundation. The CEO's salary of Asian Business Association Foundation is $23,000 and their total compensation is $193,323.


Official website here: www.asianbusinessassociation.org/

What is the revenue of Asian Business Association Foundation?

Asian Business Association Foundation's revenue in 2022 was $358,750.


Official website here: www.asianbusinessassociation.org/

Who are the executives of Asian Business Association Foundation and what are their salaries?

The average compensation at Asian Business Association Foundation during 2022 was $23,000. There is 1 employee and 20 volunteers at Asian Business Association Foundation.


Here are 10 key members and their salaries (Asian Business Association Foundation's CEO's salary is $23,000 and their total compensation is $193,323):


Jason Paguio (President & Ceo)
  • Compensation: $23,000
  • Related: $0
  • Other: $170,323
Lois Fong-Sakai (Chairwoman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elvin Lai (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Brownlie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Cho (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Simon Wong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Stivers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Ito (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Kiyoto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Lam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.asianbusinessassociation.org/

Where can I find the form 990 for Asian Business Association Foundation?

Asian Business Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.asianbusinessassociation.org/

Learn more at the official website: www.asianbusinessassociation.org/

Mission Statement of Asian Business Association Foundation

The Asian Business Association Foundation, a notable nonprofit organization, is committed to enhancing the well-being of underserved Asian and Pacific Islander communities. Their mission is twofold, focusing on leadership and education as key drivers for change. By providing leadership and educational opportunities, this organization aims to empower these communities, fostering a sense of self-sufficiency and growth.

More specifically, the Asian Business Association Foundation operates the Asian Pacific Islander Economic Equity Program. This program offers business development and capacity building educational services to Minority Business Enterprises (MBEs) with Asian and Pacific Islander descent throughout San Diego County. This initiative equips these enterprises with the necessary tools and knowledge to thrive, contributing to the overall economic development and stability of the Asian and Pacific Islander communities.

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Impact




October, 2024

The Asian Business Association Foundation plays a crucial role in empowering underserved Asian and Pacific Islander communities in San Diego County. By focusing on leadership development and education, the foundation strengthens these communities through targeted programs that foster economic equity.

One of its key initiatives, the Asian Pacific Islander Economic Equity Program, offers vital business development and capacity-building educational services designed specifically for Minority Business Enterprises (MBEs) of Asian and Pacific Islander descent. This program not only enhances the skills of entrepreneurs but also increases their access to resources and opportunities in the business landscape.

Through its efforts, the foundation contributes to a more inclusive economic environment, uplifting minority-owned businesses and ensuring that they thrive in a competitive marketplace. By providing essential support and education, the Asian Business Association Foundation helps to cultivate a stronger, more resilient community that can effectively address its challenges and seize opportunities for growth.




This information is meant to be a general summary of Asian Business Association Foundation. 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.

Revenue
$358,750 (2022)
Expenses
$368,465 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $358,750

Assets and Liabilities:

  • Total Assets: $105,809
  • Total Liabilities: $67,500
  • Net Assets: $38,309

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Organization Details

Founding Year

2001

Principal Officer

Jason Paguio

Main Address

7675 DAGGET STREET SUITE 340, SAN DIEGO, CA, 92111

NTEE Category

Code: B82 - Education

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