Sacramento Asian-Pacific Chamber Of Commerce
- Assets
- $2.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Sacramento, CA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 68-0306606
Organization Overview
Sacramento Asian-Pacific Chamber Of Commerce is located in Sacramento, CA. The organization was established in 1997. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Sacramento Asian-Pacific Chamber Of Commerce employed 35 individuals. This organization is the central organization for a national or regional group of organizations. Sacramento Asian-Pacific Chamber Of Commerce 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 12/2022, Sacramento Asian-Pacific Chamber Of Commerce generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 24.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A POSITIVE ENVIRONMENT FOR LOCAL BUSINESS, GOVERNMENT, EDUCATIONAL INSTITUTIONS AND TRADE. TO PROMOTE, NUTURE AND PROPEL ECONOMIC GROWTH IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER CONDUCTED ITS 14TH ANNUAL REGIONAL STUDY MISSION. THE STUDY MISSION GAVE THIS YEAR'S 77 PARTICIPANTS AN INSIDE LOOK AT THE ASSETS, TALENT AND OPPORTUNITIES OF THE SIX-COUNTY SACRAMENTO REGION, EXPLORING DOWNTOWN AND MIDTOWN SACRAMENTO THIS YEAR. OVER THE COURSE OF THE TWO-DAY STUDY MISSION, PARTICIPANTS WERE REMINDED OF WHAT MAKES THE SACRAMENTO REGION THE "BEST OF-FIRST AT-LEADER" WITH A FOCUS ON CIVIC AMENITIES, EDUCATION, HEALTHCARE, INNOVATION, AND MORE. PARTICIPANTS REPRESENT DIFFERENT LOCAL BUSINESS LEADERS WANTING TO LEARN MORE ABOUT DIFFERENT PROGRAMS AND MOVEMENTS THAT ARE HELPING TO GROW THE SACRAMENTO REGION.GROW THE SACRAMENTO REGION.
THE CHAMBER, IN COLLABORATION WITH THE PARTNERS OF THE SACRAMENTO INCLUSIVE ECONOMIC DEVELOPMENT COLLABORATIVE,EXECUTED CONTRACTS WITH THE CITY OF SACRAMENTO AND COUNTY OF SACRAMENTO TO ASSIST BUSINESSES THROUGH ITS MINORITY BUSINESS ASSISTANCE RECOVERY KICKSTART (MBARK) PROGRAM TO ASSIST BUSINESSES IN NEED OF TECHNICAL ASSISTANCE OR CONSULTING SERVICES TO EITHER START OR GROW THEIR BUSINESS. MBARK IS A COMPREHENSIVE,MULTI-PRONGED APPROACH GEARED TO ASSIST MINORITY SMALL BUSINESS OWNERS IN THE COMMUNITY, PROVIDING CONTRACTING OPPORTUNITIES, BUSINESS DEVELOPMENT TRAINING,WORKSHOPS, AND 1-ON-1 CONSULTING SERVICES. MBARK UTILIZES SACC'S UNDERSTANDING AND EXPERTISE ON WHAT MINORITY SMALL BUSINESS OWNERS MAY NEED AND SHOWCASES HOW TO PROACTIVELY ENGAGE THEM IN ORDER TO STABILIZE AND GROW THEIR BUSINESSES.
THE CHAMBER HELD ITS INAUGURAL AAPI NIGHT MARKET IN DOWNTOWN SACRAMENTO. BRINGING TOGETHER MORE THAN 50 LOCALLY OWNED AND OPERATED AAPI BUSINESSES AND FOOD TRUCKS, THE AAPI NIGHT MARKET WAS ATTENDED BY MORE THAN 2,500 PEOPLE FROM AROUND THE SACRAMENTO REGION AND PROVIDED AN OPPORTUNITY TO CELEBRATE AAPI BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damaris Perez Director | Trustee | 2 | $0 |
Michelle Picard Board Chair | OfficerTrustee | 8 | $0 |
Philip Arndt Director | Trustee | 2 | $0 |
Leonor Dicdican Director | Trustee | 2 | $0 |
Clay Meerrill Director | Trustee | 2 | $0 |
Kevin Ferreira Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Strong Strategies Program Services/consulting | 12/30/22 | $197,627 |
Hacker Lab Program Services/consulting | 12/30/22 | $158,831 |
Thanh Mai Nguyen Program Services/consulting | 12/30/22 | $115,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,593 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,498,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,071,401 |
| Total Program Service Revenue | $1,185,195 |
| Investment income | $2,901 |
| 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 | $3,259,497 |
| 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. | $378,815 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,041,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,825 |
| Payroll taxes | $67,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $9,597 |
| Fees for services: Lobbying | $78,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $782,758 |
| Advertising and promotion | $5,256 |
| Office expenses | $70,896 |
| Information technology | $29,117 |
| Royalties | $0 |
| Occupancy | $29,228 |
| Travel | $13,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,895 |
| Insurance | $12,104 |
| All other expenses | $0 |
| Total functional expenses | $3,686,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,604 |
| Savings and temporary cash investments | $123,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,446,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,260 |
| Net Land, buildings, and equipment | $1,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,067,124 |
| Accounts payable and accrued expenses | $643,864 |
| Grants payable | $0 |
| Deferred revenue | $316,462 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $960,326 |
| Net assets without donor restrictions | $694,326 |
| Net assets with donor restrictions | $412,472 |
| 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 | $2,067,124 |