Overview
What is Asian Business Association Of Los Angeles Inc?
The Asian Business Association of Los Angeles Inc is a nonprofit organization situated in the heart of Los Angeles, California, at 767 N Hill Street 308. Their primary mission is to foster networking opportunities between large corporate entities and small, Asian-owned businesses within the local community. They achieve this goal through various events such as their annual banquet, golf tournament, and monthly mixers. With a team of four dedicated individuals, the association strives to bridge the gap between these two sectors, ultimately promoting a thriving business environment in Los Angeles.
Official website here: www.abala.org
Is Asian Business Association Of Los Angeles Inc legitimate?
Asian Business Association Of Los Angeles Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Asian Business Association Of Los Angeles 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: $0
Other Salaries and Wages: $260,756
For more financial information, click here
Official website here: www.abala.org
What is the mission statement of Asian Business Association Of Los Angeles Inc?
The Asian Business Association of Los Angeles Inc's primary mission is to foster networking opportunities between large corporations and small Asian-owned businesses. This organization actively promotes these connections through various events, such as an annual banquet and golf tournament, as well as monthly mixers. By organizing these events, the association aims to bridge the gap between these two sectors, potentially leading to mutually beneficial collaborations and partnerships.
Official website here: www.abala.org
What is the revenue of Asian Business Association Of Los Angeles Inc?
Asian Business Association Of Los Angeles Inc's revenue in 2023 was $566,768.
Official website here: www.abala.org
Who are the executives of Asian Business Association Of Los Angeles Inc and what are their salaries?
The average compensation at Asian Business Association Of Los Angeles Inc during 2023 was $52,151. There are 5 employees and 35 volunteers at Asian Business Association Of Los Angeles Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $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.abala.org
Where can I find the form 990 for Asian Business Association Of Los Angeles Inc?
Asian Business Association Of Los Angeles Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.abala.org
Learn more at the official website: www.abala.org
Mission Statement of Asian Business Association Of Los Angeles Inc
The Asian Business Association of Los Angeles Inc is dedicated to fostering networking opportunities between large corporate entities and small businesses that are owned by individuals of Asian descent. This mission is accomplished through various events and initiatives, one of which is the organization's monthly mixers. These mixers provide a platform for these businesses to connect, network, and potentially form collaborative relationships with their corporate counterparts. By promoting these networking opportunities, the Asian Business Association of Los Angeles Inc aims to support the growth and success of small Asian-owned businesses in the broader business landscape.
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Impact
October, 2024
The Asian Business Association of Los Angeles Inc plays a crucial role in fostering connections between corporate America and small Asian-owned businesses. Through initiatives such as an annual banquet, an annual golf tournament, and monthly mixers, the organization creates valuable networking opportunities that empower small business owners.
These events not only facilitate collaboration and partnership but also help elevate the profile of Asian business communities in the larger economic landscape of Los Angeles. By bridging the gap between small enterprises and corporate entities, the association enhances access to resources, mentorship, and opportunities for growth. Ultimately, its efforts contribute significantly to community improvement and economic vitality, driving success for Asian-owned businesses and enriching the local economy.
This information is meant to be a general summary of Asian Business Association Of Los Angeles 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: $14,207
- Program Service Revenue: $369,240
- Gross Receipts: $566,768
Assets and Liabilities:
- Total Assets: $937,408
- Total Liabilities: $119,487
- Net Assets: $817,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BANQUET
Revenue
$136,375
GOLF TOURNAMENT
Revenue
$54,910
WOMEN BUSINESS SYMPOSIUM
Revenue
$78,710
WORKSHOPS AND SEMINARS
Revenue
$41,880
YOUNG ENTERPRENEURS FORUM
Revenue
$34,405
Organization Details
Founding Year
1979
Principal Officer
Teresa Wright
Website
www.abala.orgNTEE Category
Code: S30 - Community improvement
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