Nonprofit · EIN 87-1256897
ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS
Tax-exempt · CHARLOTTE, NC 28226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $58,924 | $50,245 | $8,679 | $32,969 | – | $32,969 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $58,924
Expenses
- Grants and similar amounts paid
- $36,516
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $13,729
Balance sheet and other
- Total assets, start of year
- $24,290
- Total assets, end of year
- $32,969
- Total liabilities, end of year
- –
- Net assets, end of year
- $32,969
- Cash, savings and investments
- $32,969
- Gross receipts
- $58,924
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NINA BAUTISTA | Chairman | 0 | $0 |
| CATHERINE CHANG | Director | 0 | $0 |
| JOHN C CHEN | Executive Dir. | 0 | $0 |
| EDWARD TAUTJO | Director | 0 | $0 |
| STEPHEN VAUGHAN | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4700 CARSONS POND RD, CHARLOTTE, NC 28226-3204
- In care of
- % JOHN CHEN
- Mailing address (990-N for 2023)
- 4700 Carsons Pond Road, Charlotte NC 28226
- Signed the 990-EZ
- JOHN CHEN, Executive Director
- Phone
- (704) 621-6668
- Website
- www.aafftc.org
- Return prepared by
- Stephen F Vaughan CPA PA
Mission
PROMOTING ASIAN CULTURES AND LIFESTYLES AND CELEBRATING THE CAROLINAS ASIAN AMERICAN COMMUNITYTo EMPOWER Asian Americans in the Charlotte region, the Carolinas, and elsewhere, and to provide a forum that celebrates our cultural heritage.To ENCOURAGE leaders to engage with the Asian American community, and to give us an active role in developing an inclusive future in our region.To INSPIRE our community and to promote our strength in diversity and our power in unity.To INFORM local and global readers alike of vital issues from an Asian perspective, to promote healthy dialogue, and to establish positive influences for progress, To ENTERTAIN and share the best of our cultures, remaining proud Carolinians and loyal Americans, while retaining our indomitable Asian values and spirit.
Program accomplishments
- THE ASSOCIATION PROUDLY PROVIDED GRANTS TO MULTIPLE ASIAN AMERICANS TO ASSIST THEM IN FURTHERING THEIR TRAINING AND EDUCATION IN ORDER TO HELP THEM GAIN EMPLOYMENT OPPORTUNITIES.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-1256897
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $32,969
- Income (IRS master file)
- $58,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $58,924 | $50,245 | $32,969 | XML |
| 990-N for 2023 | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: John Chen | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Nini Bautista | December 31, 2020 | ≤ $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 87-1256897).
Questions about ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS
- What is the EIN of ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS?
- The employer identification number (EIN) of ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS is 87-1256897.
- Is ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS 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 FOUNDATION FOR THE CAROLINAS 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 FOUNDATION FOR THE CAROLINAS 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 FOUNDATION FOR THE CAROLINAS?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ASIAN AMERICAN FOUNDATION FOR THE CAROLINAS have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $58,924, expenses of $50,245 and total assets of $32,969 at year end.
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