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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 80-0308112

ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC

Tax-exempt · BENSALEM, PA 19020

Financials

$26K$24K2023$36K$36K2024
Revenue Expenses · by fiscal year end
Financials of ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$35,682$35,795-$113$27,252–$27,252
December 31, 2023990-EZ$25,910$24,484$1,426$27,365–$27,365
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Program service revenue
$35,682

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$378
Other expenses
$35,417
Program services (functional)
$35,417

Balance sheet and other

Total assets, start of year
$27,365
Total assets, end of year
$27,252
Total liabilities, end of year
–
Net assets, end of year
$27,252
Cash, savings and investments
$27,252
Gross receipts
$35,682

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
SHAILESH PARIKHVice President5$0
VIVEK SHARMASecretary5$0
ASHIT PATELTreasurer5$0
NILESH AMINPresident5$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
SHAILESH PARIKHVice President5$0
VIVEK SHARMASecretary5$0
ASHIT PATELTreasurer5$0
NILESH AMINPresident5$0

Address and contacts

Address (IRS master file)
3360 KNIGHTS RD, BENSALEM, PA 19020-2819
In care of
% YAGNESHKUMAR S CHOKSI
Signed the 990-EZ
SHAILESH PARIKH, Treasurer
Phone
(267) 257-5031
Return prepared by
ABC ACCOUNTING & TAX SERVICES

Mission

The primary objective of the organization will be to provide the networking opportunities and resources to all Asian American Business owners and professionals from Bucks and surrounding counties.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Monthly Networking meetings for members and Guest Speakers Every month to provide networking oppurtunities and other resources to Asian American Business Owners and Professionals.
    Expenses $18,501
  • Annual Diwali celebration (A festival of Light -For members to meet and Greet People) Annual Picnic and Cultaral Event for members to provide networking oppurtunities and other resources to Asian American Business Owners and Professionals.
    Expenses $6,947
  • Annual Golf Tournament to provide networking oppurtunities and other resources to Asian American Business Owners and Professionals.
    Expenses $9,969

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-N for ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
80-0308112
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2013
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Human services (P84)
Assets (IRS master file)
$27,252
Income (IRS master file)
$35,682

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$35,682$35,795$27,252XML
990-EZDecember 2023$25,910$24,484$27,365XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 2017–––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 80-0308112).

Questions about ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC

What is the EIN of ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC?
The employer identification number (EIN) of ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC is 80-0308112.
Is ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2013.
Are donations to ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS 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 ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does ASIAN AMERICAN ASSOCIATION OF BUSINESS & PROFESSIONALS INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $35,682, expenses of $35,795 and total assets of $27,252 at year end.

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