Overview
What is Asian Pacific Fund?
The Asian Pacific Fund is a nonprofit organization situated in San Francisco, California. Its primary mission is to bolster the Asian and Pacific Islander community in the Bay Area by enhancing philanthropy and backing the organizations that cater to the region's most vulnerable members. They accomplish this by distributing grants and scholarships, with a total of $2,268,049 in grants given to affiliates in 20XX. These grants support various aspects, such as capacity building, leadership development, civic engagement, fundraising, technology, and infrastructure. The Asian Pacific Fund also offers scholarships to students, funding 64 recipients in 20XX, all thanks to individual donors. With a team of seven dedicated employees, the Asian Pacific Fund plays a crucial role in uplifting the Asian and Pacific Islander community in the Bay Area.
Official website here: www.asianpacificfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Asian Pacific Fund has achieved an impressive Four-Star rating from Charity Navigator, reflecting its outstanding commitment to accountability and finance. The charity scored a perfect 100% in the Accountability & Finance category, indicating strong governance practices and financial health. The organization demonstrates effective oversight through a fully independent board and well-structured financial management policies.
Strengths of the Asian Pacific Fund include its impressive program expense ratio of nearly 88%, showcasing a significant allocation of resources toward its programs. Additionally, its fundraising efficiency is notably high, with minimal costs incurred per dollar raised, allowing for more funds directed towards impactful initiatives. The organization also maintains a healthy working capital ratio, ensuring long-term sustainability.
While the Asian Pacific Fund has no noted limitations in the available data, its full transparency and adherence to best practices in governance suggest it is a trustworthy organization. Overall, its strong financial metrics and accountability measures position it as a responsible nonprofit choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Asian Pacific Fund legitimate?
Asian Pacific Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Pacific Fund 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: $95,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $387,062
For more financial information, click here
Official website here: www.asianpacificfund.org
What is the mission statement of Asian Pacific Fund?
The Asian Pacific Fund's mission is to enhance the Asian and Pacific Islander community by boosting philanthropy and providing support to organizations serving their most vulnerable members. This is achieved by distributing grants and scholarships to non-profit organizations, contributing a significant amount to various Asian organizations in the Bay Area and beyond. These grants primarily support capacity building, leadership development, civic engagement, fundraising, technology, and infrastructure. Additionally, the fund provides scholarships to students, with individual donors sponsoring these educational opportunities.
Official website here: www.asianpacificfund.org
Who is the CEO of Asian Pacific Fund?
Carolyn Wang Kong is the Director Of Development of Asian Pacific Fund.
Official website here: www.asianpacificfund.org
What is the revenue of Asian Pacific Fund?
Asian Pacific Fund's revenue in 2022 was $2,544,907.
Official website here: www.asianpacificfund.org
Who are the executives of Asian Pacific Fund and what are their salaries?
The average compensation at Asian Pacific Fund during 2022 was $68,916. There are 7 employees and 32 volunteers at Asian Pacific Fund.
Here are 16 key members and their salaries:
- Compensation: $149,554
- Related: $0
- Other: $6,989
- Compensation: $103,209
- Related: $0
- Other: $15,316
- Compensation: $52,034
- Related: $0
- Other: $1,801
- Compensation: $40,833
- Related: $0
- Other: $682
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $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
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- Other: $0
- Compensation: $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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.asianpacificfund.org
Where can I find the form 990 for Asian Pacific Fund?
Asian Pacific Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asianpacificfund.org
Learn more at the official website: www.asianpacificfund.org
Mission Statement of Asian Pacific Fund
The Asian Pacific Fund, a non-profit organization, is dedicated to enhancing the Asian and Pacific Islander community in the Bay Area. Their mission is to amplify philanthropy and provide support to the organizations that cater to the most vulnerable members of this community. By distributing grants and scholarships, the Asian Pacific Fund aims to bolster the capacity, leadership development, civic engagement, fundraising, technology, and infrastructure of various non-profit organizations serving this community. In addition, the Fund has disbursed scholarships to deserving students, all backed by individual donors, furthering their educational pursuits.
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Impact
July, 2024
Asian Pacific Fund's impact is significant in strengthening the Asian and Pacific Islander community in the Bay Area. Through grants and scholarships, the fund distributed over $2.2 million to its affiliates, supporting a diverse group of Asian organizations and other non-profits. These grants have been instrumental in capacity building, leadership development, civic engagement, fundraising, technology, and infrastructure. Additionally, the fund provided scholarships totaling $164,585 to 64 students, all made possible by individual donors. This support plays a crucial role in empowering and uplifting the most vulnerable members of the Asian and Pacific Islander community in the region.
This information is meant to be a general summary of Asian Pacific Fund. 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: $226,591
- Gross Receipts: $15,758,871
Assets and Liabilities:
- Total Assets: $20,898,995
- Total Liabilities: $159,686
- Net Assets: $20,739,309
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Organization Details
Founding Year
1993
Phone
(415) 395-9985Principal Officer
Carolyn Wang Kong
Main Address
345 CALIFORNIA STREET 7TH FLOOR, SAN FRANCISCO, CA, 94104
Website
www.asianpacificfund.orgNTEE Category
Code: T50 - Philanthropy
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