Nonprofit · EIN 56-2153855
CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC
Tax-exempt · CHARLOTTE, NC 28273
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $26,302 | $266,539 | -$240,237 | $34,310 | $0 | $34,310 |
| December 31, 2023 | 990-EZ | $39,252 | $39,778 | -$526 | $18,780 | – | $18,780 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,302
- Membership dues
- $5,185
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $1,056
Balance sheet and other
- Total assets, start of year
- $274,546
- Total assets, end of year
- $34,310
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,310
- Gross receipts
- $26,302
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1999
- State of legal domicile
- NC
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 |
|---|---|---|---|
| John Chen | Chairman Officer | 20 | $0 |
| Ann Gonzales | President Officer | 20 | $0 |
| Div Bhingradia | VP Officer | 10 | $0 |
| Eileen Cai | VP Officer | 10 | $0 |
| Ken Maeda | VP Officer | 10 | $0 |
| Jian Zhang | VP Officer | 10 | $0 |
| Nimish Bhatt | VP Officer | 10 | $0 |
| Nini Bautista | VP Officer | 10 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Chen | Chairman | 20 | $0 |
| Div Bhingradia | VP | 10 | $0 |
| Eileen Cai | VP | 10 | $0 |
| Ken Maeda | VP | 10 | $0 |
| Jian Zhang | VP | 10 | $0 |
| Nimish Bhatt | VP | 10 | $0 |
| Nini Bautista | VP | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 12420 LANIER ISLANDS CIR, CHARLOTTE, NC 28273-7147
- In care of
- % KI-HYUN CHUN PHD
- Principal officer (990 for 2024)
- John Chen, 4760 CARSONS POND RD, CHARLOTTE, NC 28226
- Signed the 990
- John Chen, Chairman
- Phone
- (919) 260-4985
Mission
The Carolinas Asian American Chamber of Commerce exits to foster cooperation and interaction within the Asian Communities and between the Community at large in Charlotte and the Carolinas for the betterment of commerce culture and communication. We promote sponsor and support efforts to sustain our traditional heritages through excellence in business practive education volunteerism and public service.
Program accomplishments
- Annual GalaExpenses $38,762 · revenue $14,292
- CAACC AwarenessExpenses $31,048
- Professional and Business WorkshopsExpenses $46,332
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
IRS record
- EIN
- 56-2153855
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $34,310
- Income (IRS master file)
- $26,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $26,302 | $266,539 | $34,310 | XML |
| 990-EZ | December 2023 | $39,252 | $39,778 | $18,780 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 56-2153855).
Questions about CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC
- What is the EIN of CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC is 56-2153855.
- Is CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
- Are donations to CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC 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 CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC 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 CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names John Chen.
- Who are the officers and directors of CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $26,302, expenses of $266,539 and total assets of $34,310 at year end.
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