Asian/american Economic Development Enterprises Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Youth Development / Youth Development Programs, Other (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,579
Expenses
$509,530
Net Income
-$333,951
Net Assets
$1,158,751
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $74,800
42.6%
Dividends $132
0.1%
Sales of Assets $98,462
56.1%
Other Income $2,185
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,000
1.8%
Compensation of Officers* $235,000
46.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,168,751
Total Liabilities $10,000
Net Assets $1,158,751
Compensation
Key Employees and Officers Compensation Other
Norman Lee (Executive Dir.) $235,000 $0
Ann Tsuchiya (Program Admin) $0 $0
Daniel Chiu (Board Of Direct) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,886
Expenses
$397,921
Net Income
-$295,035
Net Assets
$2,033,481
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $119,159
> 100%
Dividends $185
0.2%
Sales of Assets -$16,770
Other Income $312
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,000
2.3%
Compensation of Officers* $178,100
44.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,043,481
Total Liabilities $10,000
Net Assets $2,033,481
Compensation
Key Employees and Officers Compensation Other
Norman Lee (Executive Dir.) $130,000 $0
Ann Tsuchiya (Program Admin) $48,100 $0
Daniel Chiu (Board Of Direct) $0 $0

Document Links

Fiscal Year Ending Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,234,091
Expenses
$366,612
Net Income
$2,867,479
Net Assets
$3,345,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $16,673
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$39,471
Net Fundraising $0
Sales of Assets $3,136,021
97.0%
Net Inventory Sales $0
Other Revenue $120,868
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $119,849
32.7%
Assets/Debt
Total Assets $3,366,834
Total Liabilities $21,809
Net Assets $3,345,025
Compensation
Key Employees and Officers Compensation Related Other
Norman Lee (Executive Director) $60,000 $0 $0
Ann Tsuchiya (Program Adminstrator) $42,500 $0 $0
Daniel Chiu (Board Of Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,292
Expenses
$261,551
Net Income
-$216,259
Net Assets
$467,608
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,494
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $37,920
83.7%
Net Fundraising $0
Sales of Assets $2,172
4.8%
Net Inventory Sales $0
Other Revenue $3,706
8.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $102,426
39.2%
Assets/Debt
Total Assets $1,617,996
Total Liabilities $1,150,388
Net Assets $467,608
Compensation
Key Employees and Officers Compensation Related Other
Norman Lee (Ceo) $36,000 $0 $0
Daniel Chiu (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,348
Expenses
$177,649
Net Income
-$64,301
Net Assets
$689,793
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,043
8.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $87,869
77.5%
Net Fundraising $0
Sales of Assets -$8,740
Net Inventory Sales $0
Other Revenue $25,176
22.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $56,939
32.1%
Assets/Debt
Total Assets $1,763,763
Total Liabilities $1,073,970
Net Assets $689,793
Compensation
Key Employees and Officers Compensation Related Other
William Chang (Bd Memeber) $9,975 $0 $0
David B Woo (President) $0 $0 $0
Daniel Chu (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$177,592
Expenses
$249,293
Net Income
-$426,885
Net Assets
$740,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $14,361
Bond Proceeds $0
Royalties $0
Rental Property Income -$212,079
Net Fundraising $0
Sales of Assets $1,552
Net Inventory Sales $0
Other Revenue $18,574
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $76,690
30.8%
Assets/Debt
Total Assets $1,827,686
Total Liabilities $1,087,508
Net Assets $740,178
Compensation
Key Employees and Officers Compensation Related Other
William Chang (Bd Memeber) $19,950 $0 $0
Daniel Chu (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$73,583
Expenses
$245,033
Net Income
-$171,450
Net Assets
$1,189,533
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,824
10.6%
Bond Proceeds $854
1.2%
Royalties $0
Rental Property Income $32,054
43.6%
Net Fundraising $0
Sales of Assets $21,360
29.0%
Net Inventory Sales $0
Other Revenue $11,491
15.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $68,164
27.8%
Assets/Debt
Total Assets $1,782,291
Total Liabilities $592,758
Net Assets $1,189,533
Compensation
Key Employees and Officers Compensation Related Other
William Chang (Bd Memeber) $17,955 $0 $0
David B Woo (President) $0 $0 $0
Daniel Chu (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$168,084
Expenses
$233,216
Net Income
-$65,132
Net Assets
$1,392,337
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,178
4.9%
Bond Proceeds $854
0.5%
Royalties $0
Rental Property Income $156,937
93.4%
Net Fundraising $0
Sales of Assets -$5,422
Net Inventory Sales $0
Other Revenue $7,537
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $81,349
34.9%
Assets/Debt
Total Assets $2,002,257
Total Liabilities $609,920
Net Assets $1,392,337
Compensation
Key Employees and Officers Compensation Related Other
William Chang (Bd Memeber) $23,940 $0 $0
David B Woo (President) $0 $0 $0
Daniel Chu (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$165,353
Expenses
$175,235
Net Income
-$9,882
Net Assets
$1,453,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,102
6.1%
Bond Proceeds $489
0.3%
Royalties $0
Rental Property Income $142,441
86.1%
Net Fundraising $0
Sales of Assets $6,035
3.6%
Net Inventory Sales $0
Other Revenue $6,286
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $45,685
26.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,094,543
Total Liabilities $641,099
Net Assets $1,453,444

Document Links

Fiscal Year Ending Nov.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$161,318
Expenses
$162,425
Net Income
-$1,107
Net Assets
$1,440,586
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13,847
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $138,391
85.8%
Net Fundraising $0
Sales of Assets $9,080
5.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,281
29.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,093,543
Total Liabilities $652,957
Net Assets $1,440,586

Document Links

Fiscal Year Ending Nov.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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