Nonprofit · EIN 20-5567184
ASIAN CORPORATE AND ENTREPRENEUR LEADERS
Tax-exempt · TEMPE, AZ 85285
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $279,576 | $249,058 | $30,518 | $475,415 | $0 | $475,415 |
| December 31, 2023 | 990 | $321,788 | $234,380 | $87,408 | $444,897 | $0 | $444,897 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $71,262
- of which government grants
- $71,262
- Program service revenue
- $180,163
- Investment income
- $28,151
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $276
- Other salaries and wages
- $98,353
- Salaries, compensation and benefits (total)
- $142,274
- Professional fundraising fees
- $0
- Accounting fees
- $2,350
- Travel
- $5,935
- Program services (functional)
- $249,058
Balance sheet and other
- Total assets, start of year
- $444,897
- Total assets, end of year
- $475,415
- Total liabilities, end of year
- $0
- Net assets, end of year
- $475,415
- Publicly traded securities
- $277,258
- Gross receipts
- $279,576
- Employees
- 1
- Year formed
- 2009
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON C WONG | PRESIDENT Trustee or director, Officer | 40 | $0 |
| KIM HAMBY | DIRECTOR Officer | 2 | $0 |
| RODNEY HU | DIRECTOR Officer | 2 | $0 |
| WYNN PAYACKAPAN | TREASURER Officer | 2 | $0 |
| TERESA H WALES | DIRECTOR Officer | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON C WONG | PRESIDENT Trustee or director, Officer | 40 | $84,800 | $38,576 |
| KIM HAMBY | DIRECTOR Officer | 2 | $0 | $0 |
| RODNEY HU | DIRECTOR Officer | 2 | $0 | $0 |
| WYNN PAYACKAPAN | TREASURER Officer | 2 | $0 | $0 |
| TERESA H WALES | DIRECTOR Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 25527, TEMPE, AZ 85285-5527
- In care of
- % JASON C WONG
- Mailing address (990-N for 2020)
- PO BOX 25527, TEMPE AZ 85285
- Principal officer (990 for 2024)
- JASON C WONG, 6071 N GRANITE REEF RD, SCOTTSDALE, AZ 85250
- Principal officer (990-N for 2020)
- JASON WONG, PO BOX 25527, TEMPE AZ 85285
- Signed the 990
- JASON C WONG, PRESIDENT
- Phone
- (480) 907-4471
- Website
- ACELEASERS.ORG
- Return prepared by
- HERITAGE ADVISORS CPA LLC
Mission
THE ASIAN CORPORATE & ENTREPRENEUR LEADERS (ACEL), IS A NON-PROFIT ORGANIZATION PROVIDING ASIAN AMERICAN PROFESSIONALS OPPORTUNITIES TO WORK TOGETHER TO ENHANCE ASIAN AMERICAN LEADERSHIP IN OUR CAREERS, COMMUNITIES AND THE LOCAL GOVERNMENT THAT WE LIVE AND SERVE IN.
Program accomplishments
- EVENTS AND GALAExpenses $84,197
- IN ORDER TO ACHIEVE OUR GOALS ACEL OFFERS A DIVERSE RANGE OF PROFESSIONAL DEVELOPMENT PROGRAMS ON THE LOCAL LEVEL. THESE MAY INCLUDE SERIES OF PANELS, WORKSHOPS AND SEMINARS. ACEL ENGAGES ITS MEMBERSHIP IN COMMUNITY ACTIVITIES, AN ONGOING MENTORSHIP PROGRAM, CULTURAL AWARENESS AND PROFESSIONAL NETWORKING EVENTS. AS A 501(C)(3) CHARITABLE ORGANIZATION WE ALSO SEEK TO PROMOTE THE ACTIVE PARTICIPATION OF ASIAN AMERICANS IN SOCIETY THROUGH COMMUNITY SERVICE.Expenses $164,861 · grants $276 · revenue $180,163
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5567184
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $475,415
- Income (IRS master file)
- $279,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $279,576 | $249,058 | $475,415 | IRS |
| 990 | December 2023 | $321,788 | $234,380 | $444,897 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $153,493 | $66,238 | $359,057 | IRS |
| 990-N for 2020 Officer: JASON WONG | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2017 Officer: Jason Wong | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5567184).
Questions about ASIAN CORPORATE AND ENTREPRENEUR LEADERS
- What is the EIN of ASIAN CORPORATE AND ENTREPRENEUR LEADERS?
- The employer identification number (EIN) of ASIAN CORPORATE AND ENTREPRENEUR LEADERS is 20-5567184.
- Is ASIAN CORPORATE AND ENTREPRENEUR LEADERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to ASIAN CORPORATE AND ENTREPRENEUR LEADERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN CORPORATE AND ENTREPRENEUR LEADERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASIAN CORPORATE AND ENTREPRENEUR LEADERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN CORPORATE AND ENTREPRENEUR LEADERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASIAN CORPORATE AND ENTREPRENEUR LEADERS?
- The 990 for the year ended December 31, 2024 names JASON C WONG.
- Who are the officers and directors of ASIAN CORPORATE AND ENTREPRENEUR LEADERS?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ASIAN CORPORATE AND ENTREPRENEUR LEADERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $279,576, expenses of $249,058 and total assets of $475,415 at year end.
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