California · Nonprofit
ASIAN BUSINESS ASSOCIATION FOUNDATION
ASIAN BUSINESS ASSOCIATION FOUNDATION (California) receives grants from 7 organizations whose IRS filings report $384,200 to it, the largest being The Bank of America Charitable Foundation Inc ($271,500). 3 of them have funded it in more than one year.
- Revenue FY2024
- $877k
- Funders on record
- 7
- Grants received
- $384k
- Net assets
- $-96037
What Asian Business Association Foundation does
Mission
To strengthen underserved asian and pacific islander communities through leadership and education
As stated on its FY2024 Form 990.
Programs
The Asian Business Association Foundation (abaf) entered into a multi-year contract with the city of san diego not to exceed $1 million for the design and construction of the convoy district gateway sign project located in the city of san diego. Abaf staff and consultants are to provide project management and outreach coordination, design services, project plans, permitting, and installation of the gateway sign. For the year 12/31/2023 abaf received grant revenue of $387,425 of which $55,000 was deferred revenue for 2024 in connection with the project.
$332,425 spentof which $332,425 as grants49% of program spendingAsian pacific islander economic equity program providing business development, techincal assistance, outreach and capacity building educational services and consulting for minority business enterprises (mbe) with asian and pacific islander descent throughout san diego county
$272,027 spentof which $175,330 as grants40% of program spendingSmall business grants
$58,000 spentof which $55,000 as grants8% of program spendingOther program services 4:
$21,500 spentof which $20,000 as grants3% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $683,952.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $48k to $106k (+120%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 51% · 2023 66% · 2024 56%. Grants only. Government contracts and fees sit inside program revenue.
100% of ASIAN BUSINESS ASSOCIATION FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jason Paguio
President & CEO
Board chair
Lois Fong-Sakai
Chairwoman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $7k → $48k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $225k from one payer (the payer shares this organization's board, largest The San Diego Foundation). These are real filings, and they are not money ASIAN BUSINESS ASSOCIATION FOUNDATION raised.
From the IRS filings of ASIAN BUSINESS ASSOCIATION FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ASIAN BUSINESS ASSOCIATION FOUNDATION leans on a few funders — its largest provides 71% of grant income and the top three 89%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 50% · 2021 100% · 2022 65% · 2023 84% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
ASIAN BUSINESS ASSOCIATION FOUNDATION draws 97% of its grant income from funders outside California, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ASIAN BUSINESS ASSOCIATION FOUNDATION has grown faster than three-quarters of the 22,812 education nonprofits its size.
this organization peer median middle 50% of peers· 22,812 education nonprofits $100k–$1M, FY2024
Organizations like ASIAN BUSINESS ASSOCIATION FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Asian Business Association San Diego · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ASIAN BUSINESS ASSOCIATION FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ASIAN BUSINESS ASSOCIATION FOUNDATION?
- ASIAN BUSINESS ASSOCIATION FOUNDATION (California) receives grants from 7 organizations whose IRS filings report $384,200 to it, the largest being The Bank of America Charitable Foundation Inc ($271,500). 3 of them have funded it in more than one year.
- How many funders does ASIAN BUSINESS ASSOCIATION FOUNDATION have?
- IRS filings report 7 organizations giving $384,200 in grants to ASIAN BUSINESS ASSOCIATION FOUNDATION, 3 of which have funded it in more than one year.
- Who is the largest funder of ASIAN BUSINESS ASSOCIATION FOUNDATION?
- The Bank of America Charitable Foundation Inc is the largest funder on record, with $271,500 in grants. The full list of funders is on this page.
- How can an organization like ASIAN BUSINESS ASSOCIATION FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing