Asian/American Economic Development Enterprises Inc

Monterey Park, CA
Tax-exempt since April 1978
EIN: 95-3214153

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) 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: Community Improvement, Capacity Building / Economic Development (NTEE)

Revenue

$103k (2022)

Expenses

$398k (2022)

Total Assets

$2.04M (2022)

Total Liabilities

$10k (2022)

Years with missing data

Source: Form 990 tax filings from 2011 to 2022

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. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

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

990-PF

Filed on June 20, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2019

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

990

Filed on June 22, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2018

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

990

Filed on June 19, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2017

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

990

Filed on July 19, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2016

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

990

Filed on Aug. 17, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

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

990

Filed on June 10, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2014

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

990

Filed on July 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2012

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Nov.
2004

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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 information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include 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 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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Every organization that has been recognized as tax exempt by the IRS has to file 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 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."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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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Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated March 23, 2026

Asian/American Economic Development Enterprises Inc

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Summary charts: organization finances over time

Revenue $103k (2022)

Expenses $398k (2022)

Total Assets $2.04M (2022)

Total Liabilities $10k (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Nov. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Nov. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Nov. 2009

No Extracted Financial Data

Document Links

990-EZ

Fiscal Year Ending Nov. 2008

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Nov. 2007

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Nov. 2006

No Extracted Financial Data

Revenue

$103k (2022)

Expenses

$398k (2022)

Total Assets

$2.04M (2022)

Total Liabilities

$10k (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001