Asian American Economic Development
Asian American Economic Development is a private foundation focused on Community Improvement & Capacity Building, based in Monterey Park, CA. IRS filing data is available for 2022. As of 2022, the organization holds $2.0M in total assets. In 2022, it awarded 5 grants totaling $9K. Net investment income was $119K.
Key facts about Asian American Economic Development
In short: Asian American Economic Development gave $9K across 5 grants in 2022 (avg $2K), mostly in California. Source: 2022 IRS Form 990-PF.
- EIN
- 95-3214153
- Latest 990 filing
- Form 990-PF, 2022
- Annual giving (2022)
- $9,000
- Grants made (2022)
- 5
- Average grant
- $1,800
- Median grant
- $1,000
- Total assets
- $2,043,481
- Primary geography
- California (100% of itemized 2022 grant dollars)
Data from IRS Form 990-PF, 2022; updated September 2026.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$2.0M
Annual Giving
$9K
Grant Count
5
Avg Grant Size
$2K
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 5 grants totaling $9K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2022
The largest 2022 recipient was Lincoln Heights Education Project I ($5K). Together the top 5 received $9K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lincoln Heights Education Project I Los Angeles, CA | Contribution | $5,000 |
| Edward Tran San Gabriel, CA | Scholarship | $1,000 |
| Carlos Campa Alhambra, CA | Scholarship | $1,000 |
| Sydney Nguyen Baldwin Park, CA | Scholarship | $1,000 |
| Yinglin Zhu Monterey Park, CA | Scholarship | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 |
|---|---|
| Total Assets | $2,043,481 |
| Revenue | $102,886 |
| Expenses | $397,921 |
| Qualifying Distributions | $9,000 |
| Net Investment Income | $119,344 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2022
Leadership & Key People
Officers and directors from IRS filings
Asian American Economic Development is led by Norman Lee, Executive Director on the 2022 filing; 2 of 3 officers listed in 2022 are compensated.
Officers on the 2022 filing
Norman Lee
Executive Director
New on the 2022 filing
40 hrs/week
$130K (2022)
Daniel Chiu
Board of Director
New on the 2022 filing
1 hr/week
No compensation reported
Ann Tsuchiya
Program Administrator
New on the 2022 filing
40 hrs/week
$48K (2022)
Data from IRS Form 990 filings, 2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $130K, to Norman Lee (Executive Dir.). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Asian American Economic Development
How much does Asian American Economic Development give each year?
Asian American Economic Development gave $9K across 5 grants in 2022, according to its 2022 IRS Form 990-PF.
What is Asian American Economic Development's typical grant size?
Asian American Economic Development's median grant in 2022 was $1,000, and its average grant was $1,800, across 5 grants on its 2022 IRS Form 990-PF.
Where does Asian American Economic Development give grants?
Asian American Economic Development gives mostly in California: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there.
Does Asian American Economic Development give general operating support?
Not in 2022: none of the 5 grants with a stated purpose on Asian American Economic Development's 2022 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
Who are Asian American Economic Development's largest grantees?
Asian American Economic Development's largest 2022 grantees include Lincoln Heights Education Project I ($5,000), Edward Tran ($1,000) and Carlos Campa ($1,000), according to its 2022 IRS Form 990-PF. Together they received 78% of its itemized 2022 grant dollars.
How large is Asian American Economic Development?
Asian American Economic Development reported $2.0M in total assets on its 2022 IRS Form 990-PF. Its revenue that year was $103K.
What is Asian American Economic Development?
Asian American Economic Development is a private foundation focused on Community Improvement & Capacity Building, based in Monterey Park, CA. It holds $2.0M in total assets as of 2022.
What is Asian American Economic Development's EIN?
Asian American Economic Development's EIN (Employer Identification Number) is 95-3214153. IRS Form 990 filing data is available on this page for 2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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