- Katherine Lee, Richmond Youth Organizer
- Huang Su Jiao, APEN Oakland member
- Jack Chin, APEN Founding Board Member
Supporters and trusted partners like you have been critical to sustaining our work. Through COVID and the unprecedented uncertainty of these times, we were able to retain our entire staff. Coming into 2021, when our community of Asian immigrants and refugees were increasingly targeted and attacked, it was your generosity that positioned APEN to organize a community response, to heal and to coordinate a demand for action.
We are proud to have received Charity Navigator’s highest score of four stars for financial transparency as well as receiving a Platinum Seal of Transparency from Guidestar.
Feel free to take a look at our audited financial report below, or reach out at info@apen4ej.org if you have any questions.
ASSETS | 2020 | 2019 |
---|---|---|
Cash and cash equivalents | $3,318,276 | $2,354,583 |
Accounts receivable | $193,182 | $186,493 |
Contributions receivable | $1,654,069 | $976,009 |
Prepaid expenses | $66,793 | $64,336 |
Property and equipment | $20,360 | $25,159 |
Deposits | $47,754 | $46,712 |
Total Assets | $5,300,434 | $3,653,292 |
LIABILITIES | 2020 | 2019 |
---|---|---|
Accounts payable and accrued expenses | $87,229 | $70,853 |
Accrued vacation | $116,909 | $77,274 |
Deferred revenue | - | $17,000 |
Deferred lease obligation | $20,095 | - |
Total Liabilities | $224,233 | $165,127 |
NET ASSETS | 2020 | 2019 |
---|---|---|
Without donor restrictions | $2,221,095 | $1,133,249 |
With donor restrictions | $2,855,106 | $2,354,916 |
Total Net Assets | $5,076,201 | $3,488,165 |
Total Liabilities and Net Assets | $5,300,434 | $3,653,292 |
SUPPORT | 2020 | 2019 |
---|---|---|
Foundation and corporate grants | $4,553,594 | $2,757,556 |
Individual contributions | $110,566 | $24,886 |
Government grants | $531,490 | $76,384 |
Special event, net | - | $43,935 |
Total Support | $5,195,650 | $2,902,761 |
REVENUE | 2020 | 2019 |
---|---|---|
Consulting and contract revenue | $275,028 | $150,956 |
Interest and dividends | $4,974 | $6,473 |
Other | $9,516 | $4,871 |
Total Revenue | $289,518 | $162,300 |
Support provided by expiring time and purpose restrictions |
- | - |
Total Support and Revenue | $5,485,168 | $3,065,061 |
EXPENSES | 2020 | 2019 |
---|---|---|
Program | $3,085,960 | $2,685,895 |
Management and general | $364,487 | $372,770 |
Fundraising | $446,685 | $370,727 |
Total Expenses | $3,897,132 | $3,429,392 |
Change in Net Assets | $1,588,036 | (364,331) |
Net Assets, beginning of year | $3,488,165 | $3,852,496 |
Net Assets, end of year | $5,076,201 | $3,488,165 |