Public Charity

ACE FOUNDATION

ACE FOUNDATION, of WASHINGTON, DC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $3.2M in revenue, $2.3M in expenses, $3.4M in total assets. 13 publicly reported grants to this organization, totaling roughly $6.5M, appear in IRS filings.

EIN: 463200311 WASHINGTON, DC Latest filing: 2024
Total Revenue$3.2M
Total Expenses$2.3M
Total Assets$3.4M
Grant Records13
Funding Total$6.5M
Filing Years2019–2024

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.

Officers & Directors

SECRETARY (THROUGH JANUARY) Amit Bhatnagar
DIRECTOR Bill Imada
DIRECTOR Bin Yu
DIRECTOR (THROUGH JANUARY) Chewy Jang
PRESIDENT AND CEO Chiling Tong
DIRECTOR Cy Chen

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$6,171,000 5 grants
RACIAL JUSTICE
$125,000 1 grant
HUMAN SERVICES
$115,156 4 grants
CULTURE & ARTS
$58,594 1 grant
SUPPORT AAPI COMMUNITY
$25,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.2M $2.3M $3.4M
2023 $2.6M $2.2M $2.5M
2022 $4.1M $4.4M $2.2M
2020 $387K $360K $658K
2019 $312K $323K $600K

Between 2019 and 2024, reported annual revenue grew from $312K to $3.2M (+929%), with total assets most recently reported at $3.4M.

Interactive year-over-year charts and full filing details available with membership.

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