Pacific Asian Consortium In Employment
- Assets
- $13.9m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 398
- Location
- Los Angeles, CA
- Founding
- 06/1976
- Data as of
- 06/2021
- EIN
- 51-0192025
Organization Overview
Pacific Asian Consortium In Employment is located in Los Angeles, CA. The organization was established in 1976. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Pacific Asian Consortium In Employment employed 398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Asian Consortium In Employment is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Pacific Asian Consortium In Employment generated $30.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $28.4m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PACE'S MISSION IS TO SERVE AS A RESOURCE FOR IDENTIFYING, SECURING AND ADMINISTERING ECONOMIC SOLUTIONS TO PROBLEMS OF HOUSING, UNEMPLOYMENT AND BUSINESS DEVELOPMENT, WHILE SERVING THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD EDUCATION & NUTRITION SERVICES:1,249 CHILDREN ENROLLED IN HEADSTART15 SCHOOL SITES13,238 PARENT VOLUNTEER HOURS92,066 MEALS PREPARED & SERVED2,266 CHILDREN & FAMILIES SERVED
COMMUNITY DEVELOPMENT:12,335 CLIENTS RECEIVING EMERGENCY UTILITY PAYMENT ASSISTANCE (LIHEAP & HEAP)$6,144,155 EMERGENCY UTILITY PAYMENTS13,964 CLIENTS SERVED THROUGH WEATHERIZATION PROGRAMS5,213 TOTAL HOUSEHOLDS SERVED BY THE ENERGY SAVINGS ASSISTANCE PROGRAM64 RESIDENTS SERVED THROUGH HANDYWORKER PROGRAM48 UNITS REHABBED THROUGH HANDYWORKER PROGRAM4,387 ENTREPRENEURS TRAINED/COUNSELED690 SMALL BUSINESSES ASSISTED560 JOBS CREATED/RETAINED949 WOMEN ENTREPRENEURS SERVED$16,648,387 LOANS PACKAGED/PLACE/FUNDED773 FINANCIAL EDUCATION TRAINEES415 TAX RETURNS PREPARED$1,049,233 EARNED INCOME TAX CREDIT, REFUNDS & SAVINGS
EMPLOYMENT & TRAINING SERVICES:1,555 WORKERS TRAINED/PLACED$17.87 AVERAGE HOURLY WAGE OF PLACED WORKERS$1,533,246 ANNUAL WAGES EARNED BY PLACED WORKERS64 ENROLLMENTS IN SUBSIDIZED EMPLOYMENT PROGRAM28 COMPLETIONS OF SUBSIDIZED EMPLOYMENT TRAINING22 WORKERS TRANSITIONING FROM SUBSIDIZED TO UNSUBSIDIZED EMPLOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry N Doi President & CEO | OfficerTrustee | 40 | $286,369 |
Rachelle S Pastor Arizmendi VP & COO | OfficerTrustee | 40 | $193,889 |
Kamolrat Sivanunsakul Project Director | 40 | $134,374 | |
Kyong Ran Choi Controller | 40 | $130,997 | |
Celia V Andrade Project Director | 40 | $130,861 | |
Stacy Y Wong Hui Project Director | 40 | $129,066 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rdoneit Llc Hvac | 6/29/21 | $319,101 |
Builtall Inc Renovation/repairs Of Head Start Facilit | 6/29/21 | $134,073 |
American Trade Academy Wioa Participant Training Academy | 6/29/21 | $177,276 |
Reliable Energy Management Inc Hvac/plumbing/intake/wx Installation | 6/29/21 | $539,418 |
Cross County Education Teacher Substitution Services | 6/29/21 | $124,454 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,062 |
| Related organizations | $0 |
| Government grants | $28,689,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,675,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,444,429 |
| Total Program Service Revenue | $787,586 |
| Investment income | $44,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,857,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $530,521 |
| Compensation of current officers, directors, key employees. | $530,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,240,730 |
| Pension plan accruals and contributions | $804,855 |
| Other employee benefits | $3,345,774 |
| Payroll taxes | $1,106,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,335 |
| Fees for services: Accounting | $133,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,615,341 |
| Advertising and promotion | $77,498 |
| Office expenses | $0 |
| Information technology | $1,123,863 |
| Royalties | $0 |
| Occupancy | $2,098,068 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,062 |
| Interest | $19,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,683 |
| Insurance | $305,366 |
| All other expenses | $565,810 |
| Total functional expenses | $28,386,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,751,221 |
| Savings and temporary cash investments | $677,048 |
| Pledges and grants receivable | $1,757,175 |
| Accounts receivable, net | $270,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,128,253 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,897 |
| Net Land, buildings, and equipment | $40,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,273,313 |
| Total assets | $13,935,624 |
| Accounts payable and accrued expenses | $972,134 |
| Grants payable | $0 |
| Deferred revenue | $6,333 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $798,185 |
| Other liabilities | $5,815,341 |
| Total liabilities | $7,591,993 |
| Net assets without donor restrictions | $6,101,494 |
| Net assets with donor restrictions | $242,137 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,935,624 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Pacific Asian Consortium In Employment has recieved totaling $740,466.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Mayors Fund For Los Angeles Los Angeles, CA PURPOSE: CV-19 - STREET VENDORS/BUSINESS | $84,375 |
Comerica Charitable Foundation Detroit, MI PURPOSE: PACE AID ASSISTANCE IN DISASTER | $50,000 |
National Coalition For Asian Pacific American Community Dev Washington, DC PURPOSE: Small Business Network; Asset Building | $33,250 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |