Nonprofit · EIN 33-1065327
ASIAN AMERICAN PROFESSIONAL ASSOCIATION
Tax-exempt (reinstated) · LOS ANGELES, CA 90012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $111,681 | $151,732 | -$40,051 | $259,046 | – | $259,046 |
| December 31, 2024 | 990 | $200,095 | $233,532 | -$33,437 | $307,021 | $0 | $307,021 |
| December 31, 2023 | 990 | $301,127 | $199,457 | $101,670 | $328,130 | $8,293 | $319,837 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $95,645
- Program service revenue
- $16,023
- Investment income
- $13
Expenses
- Compensation of officers, directors and key employees
- $62,216
- Salaries, compensation and benefits (total)
- $104,715
- Professional fees and payments to contractors
- $30,535
- Other expenses
- $16,482
- Program services (functional)
- $96,432
Balance sheet and other
- Total assets, start of year
- $307,021
- Total assets, end of year
- $259,046
- Total liabilities, end of year
- –
- Net assets, end of year
- $259,046
- Cash, savings and investments
- $258,626
- Gross receipts
- $111,681
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARON LOONG | Executive Dir. | 40 | $62,216 |
| RICHARD CHEUNG | Chairman | 5 | $0 |
| VIRGINIA MAO | Director | 5 | $0 |
| ERIC QUON-LEE | Chairman | 5 | $0 |
| ANDREW CHEUNG | Director | 5 | $0 |
| YOGITA MANTRI | Secretary | 5 | $0 |
| TONY LEE | Director | 5 | $0 |
| AARON HUANG | Treasurer | 5 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN LOONG | President & CEO Officer | 40 | $95,979 |
| CLINT CHIEN | Treasurer Trustee or director, Officer | 5 | $0 |
| ANDREW CHEUNG | Chairman Trustee or director, Officer | 5 | $0 |
| ERIC QUON-LEE | Director Trustee or director | 5 | $0 |
| VIRGINIA MAO | Director Trustee or director | 5 | $0 |
| JANNELLE ANDES | Director Trustee or director | 5 | $0 |
| LINDA KIM | Director Trustee or director | 5 | $0 |
| YOGITA MANTRI | Secretary Trustee or director, Officer | 5 | $0 |
| RICHARD CHEUNG | Director Trustee or director | 5 | $0 |
| YASHICA WILEY | Director Trustee or director | 5 | $0 |
| EVANGELINE DEJORAS | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN LOONG | President & CEO Trustee or director, Officer | 40 | $96,422 |
| CLINT CHIEN | Treasurer Trustee or director, Officer | 5 | $0 |
| PABITRA MOHAPATRA | Secretary Trustee or director, Officer | 5 | $0 |
| ANDREW CHEUNG | Chairman Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 360 E 2ND ST STE 800, LOS ANGELES, CA 90012-4607
- Signed the 990-EZ
- ERIC QUON-LEE, Chairman
- Phone
- (626) 559-6071
- Website
- WWW.AAPAMENTORING.COM
- Return prepared by
- Kevin Wong CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 33-1065327 or by the name ASIAN AMERICAN PROFESSIONAL ASSOCIATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO ADVANCE ASIAN AMERICAN PROFESSIONALS TO LEADERSHIP ROLES THROUGH TRAINING, NETWORKING, AND COLLABORATION.
Program accomplishments
- MENTORING PROGRAM - ONE-ON-ONE MENTORING, LEARNING MANAGEMENT AND LEADERSHIP SKILLS, AND CONNECTING WITH THE PROFESSIONAL ASIAN AMERICAN PROFESSIONAL ASSOCIATION (AAPA) NETWORK. BOARD LEADERSHIP PROGRAM - LEARNING WHAT IT TAKES TO BE AN EFFECTIVE BOARD MEMBER, GAINING PRACTICAL BOARD EXPERIENCE, AND APPLYING THESE SKILLS TO IMPACT THE COMMUNITY. TOASTMASTERS CLUB - WORKING TO BECOME A BETTER PUBLIC SPEAKER, IMPROVING ONES CONFIDENCE, AND DEVELOPING/IMPROVING YOUR COMMUNICATION AND LEADERSHIP SKILLS.Expenses $96,432
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 | 990-EZ 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
- 33-1065327
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $259,046
- Income (IRS master file)
- $111,681
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective August 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $111,681 | $151,732 | $259,046 | XML |
| 990 | December 2024 | $200,095 | $233,532 | $307,021 | XML |
| 990 | December 2023 | $301,127 | $199,457 | $328,130 | XML |
| 990 | December 2022 | $219,801 | $155,333 | $231,010 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 33-1065327).
Questions about ASIAN AMERICAN PROFESSIONAL ASSOCIATION
- What is the EIN of ASIAN AMERICAN PROFESSIONAL ASSOCIATION?
- The employer identification number (EIN) of ASIAN AMERICAN PROFESSIONAL ASSOCIATION is 33-1065327.
- Is ASIAN AMERICAN PROFESSIONAL ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective August 15, 2011.
- Are donations to ASIAN AMERICAN PROFESSIONAL ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICAN PROFESSIONAL ASSOCIATION 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 AMERICAN PROFESSIONAL ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN AMERICAN PROFESSIONAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of ASIAN AMERICAN PROFESSIONAL ASSOCIATION?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $62,216 (KARON LOONG, Executive Dir.).
- How much revenue does ASIAN AMERICAN PROFESSIONAL ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $111,681, expenses of $151,732 and total assets of $259,046 at year end.
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