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Virginia Asian American Store Owners Association Inc

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

EIN: 452064818 ✦ Powhatan, VA ✦ Designated as a 501(c)(6)

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Overview

What is Virginia Asian American Store Owners Association Inc?

Virginia Asian American Store Owners Association Inc, based in Powhatan, Virginia, is a nonprofit organization with a focus on meeting and surpassing customer needs in terms of price, service, and selection. They achieve this by regularly assessing market trends to enhance their offerings. The organization, with a team of two employees, is known for hosting an annual expo event, offering corporate and booth sponsorship opportunities. The specifics of this event, such as its purpose and benefits, were not provided in the information array.


Official website here: www.vaaasoa.com

Is Virginia Asian American Store Owners Association Inc legitimate?

Virginia Asian American Store Owners Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Asian American Store Owners Association Inc 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: $0
Professional Fundraising Fees: $15,162
Other Salaries and Wages: $16,920

For more financial information, click here


Official website here: www.vaaasoa.com

What is the mission statement of Virginia Asian American Store Owners Association Inc?

The Virginia Asian American Store Owners Association Inc is committed to consistently surpassing customer expectations in terms of price, service, and product selection. To achieve this goal, they regularly assess the market to enhance their offerings. This mission underscores their dedication to meeting and exceeding customer needs, ensuring a satisfactory shopping experience.


Official website here: www.vaaasoa.com

Who is the CEO of Virginia Asian American Store Owners Association Inc?

Minesh Patel is the President of Virginia Asian American Store Owners Association Inc.


Official website here: www.vaaasoa.com

What is the revenue of Virginia Asian American Store Owners Association Inc?

Virginia Asian American Store Owners Association Inc's revenue in 2022 was $343,810.


Official website here: www.vaaasoa.com

Who are the executives of Virginia Asian American Store Owners Association Inc and what are their salaries?

The average compensation at Virginia Asian American Store Owners Association Inc during 2022 was $8,460. There are 2 employees and 20 volunteers at Virginia Asian American Store Owners Association Inc.


Here are 19 key members and their salaries:


Minesh Patel (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashok Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Atul Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vipul Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raj Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manan Shah (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shiv Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Patel (Executive Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nirav Shah (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bindesh Shah (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brijesh Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suresh Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Atul Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanjay Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jatin Shah (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minesh Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dinal Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kritesh Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vaaasoa.com

Where can I find the form 990 for Virginia Asian American Store Owners Association Inc?

Virginia Asian American Store Owners Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vaaasoa.com

Learn more at the official website: www.vaaasoa.com

Mission Statement of Virginia Asian American Store Owners Association Inc

Virginia Asian American Store Owners Association Inc is committed to consistently surpassing its customers' expectations in terms of price, service, and selection. To achieve this goal, the organization regularly conducts marketplace reviews to enhance its offerings. This mission statement suggests that Virginia Asian American Store Owners Association Inc prioritizes customer satisfaction and continually seeks ways to improve its products and services. The association's dedication to meeting and exceeding customer needs demonstrates its commitment to customer-centric business practices.

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Impact




October, 2024

Virginia Asian American Store Owners Association Inc significantly impacts the local economy and community by working to enhance customer satisfaction through quality service, competitive pricing, and diverse product selections. By conducting regular market assessments, the organization ensures that store owners can adapt to evolving consumer preferences, ultimately fostering a stronger marketplace.

Their annual expo event serves as a vital networking platform, bringing together corporate sponsors and local businesses, which promotes collaboration and knowledge sharing among store owners. This event not only showcases local vendors but also highlights the importance of Asian American businesses in the broader economic landscape.

Through these efforts, the Association contributes to community improvement by empowering local entrepreneurs, creating job opportunities, and enriching the cultural fabric of Powhatan, VA. By focusing on meeting and exceeding customer expectations, they play a crucial role in sustaining and growing the Asian American business community.




This information is meant to be a general summary of Virginia Asian American Store Owners Association 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.

Revenue
$343,810 (2022)
Expenses
$417,680 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $343,495
  • Gross Receipts: $343,810

Assets and Liabilities:

  • Total Assets: $279,871
  • Total Liabilities: $154
  • Net Assets: $279,717

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Organization Details

Founding Year

2010

Principal Officer

Minesh Patel

Main Address

2090 ANDERSON HIGHWAY, POWHATAN, VA, 23139

NTEE Category

Code: S41 - Community improvement

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