ASIAN ENTREPRENEURSHIP FOUNDATION INC

Programs

1. 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.

   $127,677 spent$84,081 earned by the program
   53% of program spending

2. 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.

   $56,545 spent$41,656 earned by the program
   24% of program spending

3. 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.

   $43,529 spent$59,872 earned by the program
   18% of program spending

4. 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

   $12,600 spent$33,053 earned by the program
   5% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $240,351.