2019-11-14T08:39:46-05:00 2018-12-31 208401715 TUNG T TU CPA LLC 7297 LEE HWY STE D2 FALLS CHURCH VA 22042 990 2018-01-01 463200311 ACE FOUNDATION ACEF 1300 PENNSYLVANIA AVE WASHINGTON DC 20004 CHILING TONG PRESIDENT CEO 2027150787 2019-11-12 false TUNG TU P00216075 7036365588 2019-11-14 X 108.18.193.131 2019-11-14 08:45:03 5118182019318mdqcl1i 2019-11-14 P 655E4D545A43F018C6DCF3E640B8691E784F14D8 655E4D545A43F018C6DCF3E640B8691E784F14D8 2018 2020-03-31 21:24:44Z 272500 false X WWW.NATIONALACE.ORG X 2013 DC ACE FOUNDATION WAS ESTABLISHED TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT (SEE SCHEDULE O). 7 7 1 0 0 431816 272500 0 0 0 431816 272500 0 0 255075 6633 0 9239 100994 293814 356069 300447 75747 -27947 648322 610703 9854 182 638468 610521 ACE FOUNDATION WAS ESTABLISHED TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER COMMUNITY THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT (SEE SCHEDULE O). false false 97489 ONE OF ACE FOUNDATIONS FLAGSHIP PROGRAMS IS NEXT GENERATION: THE CIRCLE THE CIRCLE IS A LONG-TERM PROGRAM THAT BUILDS COMPETENCIES AND RESOURCES IN A PARADIGM THAT SPEAKS TO THE UNIQUE VIEWS AND EXPRESSION OF AAPI MILLENNIAL ENTREPRENEURS WHO CHALLENGE THE TRADITIONAL METHODS WHICH ARE PERCEIVED TO BE OUTDATED WITH THE FAST-PACED TECHNOLOGICAL, DIGITAL, AND SOCIAL JUSTICE ARENAS FROM WHICH THEY ARE PRIMED. THE PROGRAM MAINTAINS A SUPPORT NETWORK OF ENTREPRENEURS AND BUSINESS OWNERS OF AAPI HERITAGE TO ENSURE THAT MORE SMALL-BUSINESS ENTERPRISES SUCCEED IN BUILDING THEIR BUSINESSES, FIND WAYS TO CAPITALIZE THEIR BUSINESSES AND CREATE NEW, SUSTAINABLE JOBS. 81601 THE ACE FOUNDATION PROVIDES A UNIFIED, NATIONAL VOICE FOR INDIVIDUAL AAPI CHAMBERS OF COMMERCE THROUGHOUT THE COUNTRY. WE PARTNER, THROUGH MEMORANDUMS OF UNDERSTANDING, WITH 25 LOCAL AND REGIONAL CHAMBERS TO PROMOTE AAPI BUSINESS INTERESTS, GROW A LARGE NUMBER OF AAPI ENTREPRENEURS NATIONWIDE, AND EMPOWER AAPI LEADERS TO ADVANCE IN CORPORATE AMERICA. 76545 THE ACE FOUNDATION WORKS TO EDUCATE ASIAN AMERICAN AND PACIFIC ISLANDER BUSINESS COMMUNITIES ON ISSUES THAT WILL DIRECTLY IMPROVE THEIR ECONOMIC, POLITICAL, AND SOCIAL WELL-BEING. WE HOST SEVERAL EVENTS THROUGHOUT EACH CALENDAR YEAR THAT HELP IN EDUCATING THE MINORITY BUSINESS COMMUNITY, INCLUDING EMPLOYEE/BUSINESS RESOURCE GROUP ROUND-TABLES, SYMPOSIUMS IN COORDINATION WITH FEDERAL GOVERNMENT AGENCIES, AND WEBINARS AND WORKSHOPS CENTERED AROUND ACCESS TO CAPITAL, ACCESS TO CONTRACTING OPPORTUNITIES, GRANT WRITING, RETIREMENT SECURITY, FINANCIAL CAPACITY, AND CHALLENGES FACING MILLENNIAL BUSINESS OWNERS. 255635 true true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 3 0 true 1 true false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false false true false false DC X CHILING TONG 2027150787 1300 PENNSYLVANIA AVE STE 700 WASHINGTON DC 20004 X DENNIS HUANG CHAIR 2.00 0.00 X X 0 0 0 HELENE YANG DIRECTOR 1.00 0.00 X 0 0 0 BILL IMADA DIRECTOR 1.00 0.00 X 0 0 0 IAN SO DIRECTOR 1.00 0.00 X 0 0 0 MARTY LORENZO DIRECTOR 1.00 0.00 X 0 0 0 PAT FONG KUSHIDA DIRECTOR 1.00 0.00 X 0 0 0 AMAR SHOKEEN DIRECTOR 1.00 0.00 X 0 0 0 0 0 0 0 false false false 272500 272500 272500 0 0 0 6000 4800 900 300 633 507 94 32 3620 3620 4235 4235 6663 5331 999 333 6337 5070 950 317 7581 6065 1138 378 5056 5056 237583 206067 23637 7879 PROGRAM SERVICES 22739 22739 300447 255635 35573 9239 612206 583740 32566 25188 1775 1775 1775 648322 610703 9854 182 9854 182 X 638468 610521 638468 610521 648322 610703 -27947 0 X false true X true false X 408097 388950 456500 399250 272500 1925297 408097 388950 456500 399250 272500 1925297 415901 1509396 119 86 49 254 1925551 0.78390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SECURITY DEPOSIT 1775 1775 272500 272500 272500 300447 300447 300447 Form 990 governing body review Part VI line 11 FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY THE PRESIDENT & CEO AND BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. Conflict of interest policy compliance Part VI line 12c OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY INTERESTS THAT MAY GIVE RISE TO CONFLICTS. IF A CONFLICT ARISES, THE INTERESTED PERSON RECUSES THEMSELVES FROM DISCUSSION ON THE MATTER. CEO executive director top management comp Part VI line 15a COMPARABILITY DATA WAS USED WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT & CEO. THE DECISION WAS DOCUMENTED IN THE MEETING MINUTES AFTER APPROVAL BY THE EXECUTIVE COMMITTEE. Governing documents etc available to public Part VI line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. General explanation attachment FORM 990, PART III, LINE 1 - ORGANIZATION MISSION:THE FOUNDATION EXPECTS ITS PROGRAMS TO PROVIDE AN ENVIRONMENT THAT FOSTERS LEADERSHIP AND COMMUNITY DEVELOPMENT, PROMOTES ISSUES THAT ARE RELEVANT TO THE AAPI COMMUNITY, AND BE A MEDIUM TO INCREASE REPRESENTATION OF THE APPI COMMUNITY IN EVERY RESPECT OF AMERICAN LIFE, INCLUDING BUSINESS, POLITICS, AND COMMUNITY INVOLVEMENT, AMONG OTHERS. ASIAN AND PACIFIC ISLANDER AMERICAN 1300 PENNSYLVANIA AVE NW STE 700 WASHINGTON DC 20004 462071116 ADVOCATE OF AAPI BUSINESS INTERESTS DC 501C6 N/A false