Asian Business Center in Los Angeles, California (CA)
Table of contents:
| Asian Business Center | |
| Employer Identification Number (EIN) | 208835997 |
| Name of Organization | Asian Business Center |
| In Care of Name | Dennis Huang |
| Address | 120 S San Pedro St Ste 523, Los Angeles, CA 90012-5300 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $268,435 |
| Amount of Income | $51,960 |
| Form 990 Revenue Amount | $37,637 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $86,520 | $113,903 | $37,637 |
| Contributions, gifts, grants, and similar amounts received | $86,500 | $105,500 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $2,170 | $850 |
| Investment income | $1 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-823 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $13,500 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $14,323 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $19 | $6,233 | $37,610 |
| Total expenses | $51,485 | $60,041 | $34,510 |
| Total net assets | $210,794 | $264,656 | $267,783 |
| Excess/Deficit for the year | $35,035 | $53,862 | $3,127 |
| Net assets or fund balances at beginning of year | $175,759 | $210,794 | $264,656 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $264,656 | $267,783 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $211,029 | $265,342 | $268,435 |
| Total liabilities | $235 | $686 | $652 |
| Net assets or fund balances | $210,794 | $264,656 | $267,783 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $405,310 |
| Subtotal | $405,310 |
| Gifts, grants, contributions, and membership fees received | $405,310 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $405,311 |
| Public support | $405,310 |
| Subtotal | $1 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Asian American Senior Citizens Service Center Inc | 850 N Birch St, Santa Ana, CA 92701-3405 | CA | 1994-11 | $172,545 |
| 2 | Asian American Theater Workshop Co | 1695 18th St C-101, San Francisco, CA 94107 | CA | 1975-04 | $0 |
| 3 | Asian American Women Artists Association Inc, Aawaa | 1890 Bryant St Ste 302, San Francisco, CA 94110-1497 | CA | 2007-06 | $73,231 |
| 4 | Asian American-Pacific Islanders In Philanthropy | Suite 600, San Francisco, CA 94108 | CA | 1996-01 | $1,511,320 |
| 5 | Asian And Pacific Coalition On Aging | 1543 W Olympic Blvd 200a-1, Los Angeles, CA 90015-3806 | CA | 1977-12 | $38,217 |
| 6 | Asian Arts Talents Foundation | 135 E Las Tunas Dr, San Gabriel, CA 91776-1449 | CA | 2004-04 | $70,948 |
| 7 | Asian Bodytherapy Institute | PO BOX 987, Fairfax, CA 94978-0987 | CA | 2002-07 | $1 |
| 8 | Asian Buddhist Community Congregation Of America | 1476 S Reservoir St, Pomona, CA 91766 | CA | 1989-09 | $113,289 |
| 9 | Asian Business Association Of Orange County | 2960 Daimler St, Santa Ana, CA 92705-5824 | CA | 1997-10 | $129,930 |
| 10 | Asian Business Association Of Silicon Valley Inc | 1098 Foster City Blvd Ste 106-158, Foster City, CA 94404 | CA | 2011-08 | $0 |
| 11 | Asian Business Center | 120 S San Pedro St Ste 523, Los Angeles, CA 90012-5300 | CA | 2008-03 | $51,960 |
| 12 | Asian Business League | Po Box 191345, San Francisco, CA 94119-1345 | CA | 1982-05 | $36,120 |
| 13 | Asian Business League Of Southern California | 550 N Brand Blvd Fl 14, Glendale, CA 91203-1952 | CA | 1986-08 | $35,522 |
| 14 | Asian Business Association Of Los Angeles Inc | 120 S San Pedro St Ste 523, Los Angeles, CA 90012-5300 | CA | 1980-06 | $295,235 |
| 15 | Asian Chefs Association | 3145 Geary Blvd Ste 112, San Francisco, CA 94118-3316 | CA | 2007-03 | $71,850 |
| 16 | Asian Classics Institute Of Los Angeles-A Worldview Center | 4115 Glencoe Ave Apt 109, Marina Del Rey, CA 90292 | CA | 2005-07 | $110,851 |
| 17 | Forward Together | 1440 Broadway Ste 301, Oakland, CA 94612-2023 | CA | 1999-02 | $1,716,638 |
| 18 | Asian Community Care Foundation | 13212 Jacarte Court, San Diego, CA 92130 | CA | 2004-10 | $35,928 |
| 19 | Asian Community Mental Health Board | 310 8th St Ste 201, Oakland, CA 94607-6527 | CA | 1974-09 | $6,653,386 |
| 20 | Asian Community Of California Inc | 5616 Marin Ave, Richmond, CA 94805-1513 | CA | 2002-09 | $10,000 |
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