Asian American Bar Association Of The Greater Chicago Area
- Assets
- $72.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1989
- Data as of
- 12/2019
- EIN
- 36-3611939
Organization Overview
Asian American Bar Association Of The Greater Chicago Area is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Bar Association Of The Greater Chicago Area is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, Asian American Bar Association Of The Greater Chicago Area generated $9.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $21.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO FULFILL ITS OBJECTIVE IN PROMOTING GROWTH AND UNDERSTANDING AMONG ASIAN-AMERICAN PROFESSIONALS ABOUT THE LEGAL ENVIRONMENT IN THE USA THE ORGANIZATION CONDUCTS TRAINING SESSIONS AND FORUMS OPEN TO MEMBERS AND NON-MEMBERS. THE TRAINING SESSIONS AND FORUMS PROVIDE PROFESSIONAL EDUCATION AND CAREER GUIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Gonowan President | 2 | $0 | |
Elin Park Vice President | 2 | $0 | |
Jean Liu Vice President | 2 | $0 | |
James Vergara Secretary | 2 | $0 | |
Rey Tanig Treasurer | 2 | $0 | |
Summer Du Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,962 |
| Total Program Service Revenue | $2,701 |
| Membership dues | $70 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,631 |
| Other Revenue | $0 |
| Total Revenue | $9,115 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $199 |
| Other expenses | $21,246 |
| Total expenses | $21,645 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,432 |
| Other assets | $0 |
| Total assets | $72,432 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,432 |