Overview
What is National Ace Foundation?
The National Ace Foundation is a nonprofit organization dedicated to enhancing the lives of Asian and Pacific Islander Americans. They achieve this by providing business education and training, conducting research, and supporting community development within the Asian American and Pacific Islander (AAPI) community. Their mission is to improve the quality of life for AAPI individuals by offering resources that empower businesses and foster sustainable growth. This nonprofit organization strives to contribute to the betterment of the AAPI community, helping to bridge gaps and promote success.
Official website here: www.nationalace.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 91%, Four-Star out of Four Star rating.
The National Ace Foundation has received a strong score of 91% from Charity Navigator, indicating high accountability and financial health. The organization's Accountability & Finance score is particularly notable at 90%, with perfect scores in areas such as board independence and financial oversight. This suggests a commitment to transparency and ethical management of resources.
However, there are some areas for improvement. While the foundation has established various policies, it is missing a whistleblower policy and a document retention policy, which could enhance its governance framework. Additionally, the organization’s fundraising efficiency ratio is low, indicating that it may face challenges in generating funds effectively relative to its expenses.
On the cultural front, the foundation scored 77% in its Culture & Community assessment, reflecting efforts to implement equity strategies, though there remains room for growth in this area. Overall, the National Ace Foundation demonstrates a solid commitment to its mission, backed by strong financial practices, while addressing areas that could further strengthen its governance and fundraising capabilities.
This AI summary has been generated from information found on Charity Navigator.
Is National Ace Foundation legitimate?
National Ace Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Ace 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nationalace.org
What is the mission statement of National Ace Foundation?
The National Ace Foundation aims to enhance the quality of life for Asian and Pacific Islander Americans by providing business education and training, conducting research, and promoting community development. Their mission is to assist the Asian American and Pacific Islander (AAPI) community in this manner, ultimately aiming to improve their overall well-being. The foundation achieves this goal through empowering AAPI businesses with innovative solutions and economic development strategies.
Official website here: www.nationalace.org
Who is the CEO of National Ace Foundation?
Chiling Tong is the CEO of National Ace Foundation The CEO's salary of National Ace Foundation is $0 and their total compensation is $0.
Official website here: www.nationalace.org
What is the revenue of National Ace Foundation?
National Ace Foundation's revenue in 2023 was $2,565,208.
Official website here: www.nationalace.org
Who are the executives of National Ace Foundation and what are their salaries?
There 14 volunteers at National Ace Foundation.
Here are 15 key members and their salaries (National Ace Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nationalace.org
Where can I find the form 990 for National Ace Foundation?
National Ace Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nationalace.org
Learn more at the official website: www.nationalace.org
Mission Statement of National Ace Foundation
The National Ace Foundation, an esteemed organization, is dedicated to enhancing the lives of Asian and Pacific Islander American (AAPI) communities. This is achieved through a multi-faceted approach that includes business education and training, research, and community development. The primary goal of the foundation is to improve the overall quality of life for AAPI individuals by providing them with the necessary tools and resources to succeed in the business world. By focusing on these key areas, the National Ace Foundation aims to empower and uplift the AAPI community, fostering a more prosperous and thriving society for everyone involved.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The National Ace Foundation has a significant impact on the quality of life for Asian and Pacific Islander Americans. Through its focus on business education and training, research, and community development, the foundation empowers AAPI businesses and contributes to better community well-being. This organization based in Washington, DC, plays a crucial role in supporting the AAPI community's economic growth and advancement.
This information is meant to be a general summary of National Ace 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $13,402
- Program Service Revenue: $271,771
- Gross Receipts: $2,565,208
Assets and Liabilities:
- Total Assets: $2,162,590
- Total Liabilities: $409,949
- Net Assets: $1,752,641
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$271,771
Organization Details
Founding Year
2013
Principal Officer
Chiling Tong
Website
www.nationalace.orgNTEE Category
Code: P20 - Human services
If you are a representative of National Ace Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.