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Asian Entrepreneurship Foundation

EIN 47-4004081 · Boston, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak34 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 43% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

OUR MISSION IS TO EMPOWER ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) ENTREPRENEURS AND BUSINESS OWNERS THROUGH EDUCATION, MENTORSHIP, AND COMMUNITY BUILDING.

Income
$496,151
Spending
$564,411
Spent on programs
43%
Reserves
1.3 months of spending
Largest source of income
donations and private grants, 56%
Employees
1
Volunteers
30
Highest pay
$105,575, director of partnership

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 34 out of 100. Higher than 5% of charities in its peer group (public benefit, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.3 months of spending.

  • Debt

    5 of 20

    It owes 53% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 14% of income.

  • Income trend

    15 of 15

    Income rose 9% on the year before.

  • Spending floor

    0 of 15

    43% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 56% of charities in its peer group (public benefit, $250k to $1m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $127,677 spent. DURING THE YEAR, THE ORGANIZATION ADVANCED ITS EXEMPT PURPOSE OF SUPPORTING AND EMPOWERING ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) BUSINESS OWNERS AND ENTREPRENEURS BY ORGANIZING ITS ANNUAL AAPI BUSINESS LEADERSHIP CONFERENCE. THE EVENT SERVED AS A PLATFORM TO PROMOTE EDUCATION, MENTORSHIP, AND COLLABORATION WITHIN THE AAPI BUSINESS COMMUNITY. THE CONFERENCE FEATURED KEYNOTE SPEAKERS, PANEL DISCUSSIONS, AND WORKSHOPS ADDRESSING TOPICS SUCH AS BUSINESS GROWTH, ACCESS TO CAPITAL, INNOVATION, AND LEADERSHIP DEVELOPMENT. APPROXIMATELY 345 PARTICIPANTS ATTENDED, REPRESENTING AAPI-OWNED BUSINESSES FROM ACROSS THE REGION. THE PROGRAM FOSTERED ECONOMIC EMPOWERMENT, CROSS-SECTOR PARTNERSHIPS, AND PROFESSIONAL DEVELOPMENT CONSISTENT WITH THE ORGANIZATIONS CHARITABLE AND EDUCATIONAL MISSION.
  2. $56,545 spent. DURING THE YEAR, THE ORGANIZATION ADVANCED ITS EXEMPT PURPOSE OF FOSTERING ECONOMIC GROWTH, LEADERSHIP DEVELOPMENT, AND COMMUNITY BUILDING AMONG ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) BUSINESS OWNERS AND ENTREPRENEURS. THE ORGANIZATION ORGANIZED A SERIES OF EDUCATIONAL WORKSHOPS, MASTERMIND GROUPS, AND BUSINESS RETREATS DESIGNED TO PROVIDE PROFESSIONAL DEVELOPMENT, PEER LEARNING, AND MENTORSHIP OPPORTUNITIES. THESE PROGRAMS EQUIPPED PARTICIPANTS WITH PRACTICAL SKILLS IN BUSINESS STRATEGY, FINANCIAL MANAGEMENT, MARKETING, AND LEADERSHIP, WHILE CREATING A SUPPORTIVE NETWORK FOR COLLABORATION AND SHARED GROWTH. THROUGH THESE INITIATIVES, THE ORGANIZATION CONDUCTED 34 WORKSHOPS FOR AAPI ENTREPRENEURS NATIONWIDE, EMPOWERING THEM TO STRENGTHEN THEIR BUSINESSES AND CONTRIBUTE TO THE BROADER ECONOMIC ADVANCEMENT OF THE AAPI COMMUNITY IN ALIGNMENT WITH ITS CHARITABLE AND EDUCATIONAL MISSION.
  3. $43,529 spent. DURING THE YEAR, THE ORGANIZATION ADVANCED ITS EXEMPT PURPOSE OF PROMOTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP BY ORGANIZING EDUCATIONAL AND NETWORKING EVENTS FOR AAPI BUSINESS OWNERS AND ENTREPRENEURS ACROSS MULTIPLE CITY CHAPTERS. THESE EVENTS PROVIDED OPPORTUNITIES FOR PARTICIPANTS TO LEARN FROM INDUSTRY EXPERTS, SHARE BEST PRACTICES, AND BUILD STRATEGIC RELATIONSHIPS TO STRENGTHEN THEIR LOCAL BUSINESS COMMUNITIES. THE ORGANIZATION HOSTED 97 LOCAL CHAPTER EVENTS ATTENDED BY APPROXIMATELY 2,234 ATTENDEES, FEATURING WORKSHOPS ON BUSINESS PLANNING, ACCESS TO CAPITAL, MARKETING, AND LEADERSHIP DEVELOPMENT. THROUGH THESE PROGRAMS, THE ORGANIZATION FOSTERED COLLABORATION AMONG SMALL BUSINESS OWNERS AND ENCOURAGED INNOVATION AND SUSTAINABLE BUSINESS GROWTH CONSISTENT WITH ITS CHARITABLE AND EDUCATIONAL MISSION.
  4. $12,600 spent. DURING THE YEAR, THE ORGANIZATION ADVANCED ITS EXEMPT PURPOSE OF PROMOTING ENTREPRENEURSHIP AND ECONOMIC EMPOWERMENT WITHIN THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) COMMUNITY BY LAUNCHING AND OPERATING A VIRTUAL BUSINESS ACCELERATOR PROGRAM. THE PROGRAM PROVIDED AAPI BUSINESS OWNERS AND ENTREPRENEURS WITH STRUCTURED MENTORSHIP, EDUCATIONAL WORKSHOPS, AND ACCESS TO CAPITAL RESOURCES DESIGNED TO SUPPORT BUSINESS GROWTH AND SUSTAINABILITY. THE ACCELERATOR ENGAGED 200 PARTICIPANTS NATIONWIDE AND FEATURED TRAINING MODULES ON BUSINESS PLANNING, MARKETING STRATEGY, FINANCIAL MANAGEMENT, AND LEADERSHIP DEVELOPMENT. PARTICIPANTS RECEIVED INDIVIDUALIZED COACHING FROM EXPERIENCED MENTORS AND INDUSTRY PROFESSIONALS. BY PROVIDING THESE CAPACITY-BUILDING RESOURCES, THE ORGANIZATION STRENGTHENED THE AAPI ENTREPRENEURIAL ECOSYSTEM AND FURTHERED ITS CHARITABLE AND EDUCATIONAL MISSION TO EXPAND ECONOMIC OPPORTUNITY AND REPRESENTATION FOR UNDERSERVED BUSINESS OWNERS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.