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.
Asian American Economic Development at a glance
In short: Asian American Economic Development gave $9K across 5 grants in 2022 (avg $2K), mostly in California. Source: 2022 IRS Form 990-PF.
- 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)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Asian American Economic Development funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Lincoln Heights Education Project I ($5K).
Organizations only. It also paid 4 individual scholarships ($4,000), which are not listed by name.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 5 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 5 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lincoln Heights Education Project I Los Angeles, CA | Contribution | $5,000 |
| 4 individual scholarships Recipients not named | — | $4,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2022 | $2,043,481 | $102,886 | $397,921 | $9,000 | 5 | $9,000 | $119,344 |
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).
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2022
Live grants for the work Asian American Economic Development funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Asian American Economic Development's focus areas in our free grants database
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Asian American Economic Development down — hundreds of funders to go?