Asian American Association Of Business & Professionals Inc
- Assets
- $23.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bensalem, PA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 80-0308112
Organization Overview
Asian American Association Of Business & Professionals Inc is located in Bensalem, PA. The organization was established in 2013. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Association Of Business & Professionals Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Asian American Association Of Business & Professionals Inc generated $11.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kalpesh Patel President | 5 | $0 | |
Shailesh Parikh Treasurer | 5 | $0 | |
Ashit Patel Secretary | 5 | $0 | |
Nilesh Amin Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,218 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,218 |
| 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 | $250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,273 |
| Total expenses | $15,523 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,746 |
| Other assets | $0 |
| Total assets | $23,746 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,746 |
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