ASIAN BUSINESS ASSOCIATION OF LOS ANGELES INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: ASIAN BUSINESS ASSOCIATION OF LOS ANGELES INC (EIN 95-3446900)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-03
IRS object ID: 201232169349300033
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule G
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-03T10:57:15-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GORDON P CHOW CPA CFP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2211 S HACIENDA BLVD 206	AddressLine1
City	HACIENDA HEIGHTS	City
State	CA	State
ZIP Code	91745	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	953446900	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ASIAN BUSINESS ASSOCIATION OF LA INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ASIA	NameControl
Phone	3232642227	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	120 S SAN PEDRO ST	AddressLine1
City	LOS ANGELES	City
State	CA	State
ZIP Code	90012	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DENNIS HUANG	Name
Title	CEO	Title
Phone	3232642227	Phone
Date Signed	2012-08-03	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GORDON CHOW	Name
Phone	6263300296	Phone
Date Prepared	2012-08-03	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DEE CASTRO	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	120 S SAN PEDRO ST	AddressLine1
City	LOS ANGELES	City
State	CA	State
ZIP Code	90012	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	342797	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1976	YearFormation
State Legal Domicile	CA	StateLegalDomicile
Activity Or Mission Description	PROMOTE NETWORKING OPPROTUNITIES BETWEEN CORPORATE AMERICA & SMALL ASIAN OWNED BUSINESSES	ActivityOrMissionDescription
Nbr Voting Members Governing Body	0	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	4	TotalNbrEmployees
Total Nbr Volunteers	50	TotalNbrVolunteers
Total Gross UBI	499	TotalGrossUBI
Contributions Grants Prior Year	41914	ContributionsGrantsPriorYear
Contributions Grants Current Year	95110	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	146811	ProgramServiceRevenuePriorYear
Program Service Revenue CY	247188	ProgramServiceRevenueCY
Investment Income Prior Year	893	InvestmentIncomePriorYear
Investment Income Current Year	499	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	189618	TotalRevenuePriorYear
Total Revenue Current Year	342797	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	257259	OtherExpensePriorYear
Other Expenses Current Year	263981	OtherExpensesCurrentYear
Total Expenses Prior Year	257259	TotalExpensesPriorYear
Total Expenses Current Year	263981	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-67641	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	78816	RevenuesLessExpensesCY
Total Assets BOY	279250	TotalAssetsBOY
Total Assets EOY	357754	TotalAssetsEOY
Total Liabilities BOY	3325	TotalLiabilitiesBOY
Total Liabilities EOY	3013	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	275925	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	354741	NetAssetsOrFundBalancesEOY
Mission Description	PROMOTE NETWORKING OPPROTUNITIES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	1) ANNUAL BANQUET 2) ANNUAL GOLF TOURNAMENT 3) MONTHLY MIXERS	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	PUBLISHED BI-MONTHLY NEWSLETTER TO SPONSORS MEMBERS & OTHER INTERESTED PARTIES. THE NEWS-LETTER CONTAINS INFORMATION ABOUT PAST & FUTURE EVENTS, NETWORKING OPPORTUNITIES & OTHER ITEMS OF INTEREST.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	PROMOTE NETWORKING OPPORTUNITIES BETWEEN CORPORATE AMERICA AND SMALL ASIAN OWNED BUSINESSES	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	4	NumberOfEmployees
Employment Tax Returns Filed	false	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	0	NbrVotingGoverningBodyMembers
Number Independent Voting Members	0	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	CA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GORDON CHOW CPA	NamePerson
Telephone Number	6263300296	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2211 S HACIENDA BL 206	AddressLine1
City	HACIENDA HTS	City
State	CA	State
ZIP Code	91745	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
GARY YAMAUCHI
CO-CHAIRS	1.00	X	0	0	0
RONALD WONG
CO-CHAIRS	1.00	X	0	0	0
ANDY WONG
VICE-CHAIR	1.00	X	0	0	0
JENNIFER RENSHAW
SECRETARY	1.00	X	0	0	0
ADEN KUN
TREASURER	1.00	X	0	0	0
STEPHEN LEE
PAST CHAIR	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Membership Dues	33580	MembershipDues
All Other Contributions	61530	AllOtherContributions
Total Contributions	95110	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	SEE SCH. ATTACHED	Description
Business Code	900099	BusinessCode
Total Revenue Column	247188	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	247188	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	499	TotalRevenueColumn
Unrelated Business Revenue	499	UnrelatedBusinessRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	342797	TotalRevenueColumn
Related Or Exempt Function Income	247188	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	499	UnrelatedBusinessRevenue

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE SCH. ATTACHED	Description
Total	263981	Total
Program Services	173318	ProgramServices
Management And General	90663	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	263981	Total
Program Services	173318	ProgramServices
Management And General	90663	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	76288	BOY
EOY	151488	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	198167	BOY
EOY	198661	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	5624	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	4478	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2455	BOY
EOY	1146	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2340	BOY
EOY	6459	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	279250	BOY
EOY	357754	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3325	BOY
EOY	3013	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3325	BOY
EOY	3013	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	275925	BOY
EOY	354741	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	275925	BOY
EOY	354741	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	279250	BOY
EOY	357754	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	78816	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5624	OtherCostOrOtherBasis
Depreciation	4478	Depreciation
Book Value	1146	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1146	TotalOfBookValueLandBuildings

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	awards banquet	NameOfEvent1
Gross Receipts Event1	222550	GrossReceiptsEvent1
Gross Revenue Event1	222550	GrossRevenueEvent1
Other Direct Expenses Event1	53275	OtherDirectExpensesEvent1
Name Of Event2	golf tournament	NameOfEvent2
Gross Receipts Event2	36455	GrossReceiptsEvent2
Gross Revenue Event2	36455	GrossRevenueEvent2
Other Direct Expenses Event2	16417	OtherDirectExpensesEvent2
Gross Receipts Other Events	78504	GrossReceiptsOtherEvents
Gross Revenue Other Events	78504	GrossRevenueOtherEvents
Other Direct Expenses Other Events	20629	OtherDirectExpensesOtherEvents
Gross Receipts Total	337509	GrossReceiptsTotal
Gross Revenue Total Events	337509	GrossRevenueTotalEvents
Other Direct Expenses Total Events	90321	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	90321	DirectExpenseSummaryEvents
Net Income Summary	247188	NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 15	Staff salaries are reviewed and approved by the Board of Directors
Pt VI, Line 7a	The dues paying members vote for the Board of Directors
Pt VI, Line 6	The organization is composed of dues paying members
Pt VI, Line 11a	The Board of Directors reviews the tax return
Form 990EZ, Part I, Line 16	SEE SCHEDULE ATTACHED