Asian Cultural Empowerment Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORCROSS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $187K in total assets. In 2024, it awarded 5 grants totaling $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$187K
-2.6% YoY
Annual Giving
$9K
+38.5% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$2K
-16.9% YoY
Under IRS private-foundation payout rules, Asian Cultural Empowerment Inc reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Asian Cultural Empowerment Inc
Based on IRS filings
Asian Cultural Empowerment Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORCROSS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $187K in total assets. In 2024, it awarded 5 grants totaling $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $187,152 | $192,154 | $182,000 |
| Revenue | $4,498 | $22,133 | $100,000 |
| Expenses | $9,500 | $11,979 | $6,000 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $8,996 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Megna Stella Corpoeration ($4,000), Akcc Atlanta Korean Cultural Ctr ($2,000), Klesis Choir Missions Inc ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AKCC ATLANTA KOREAN CULTURAL CTR Duluth, GA | PROMOTE ASIAN CULTURE | $2,000 |
| KLESIS CHOIR MISSIONS INC Suwanee, GA | Promote Asian Culture | $1,000 |
| GUGAK ASSN OF AMERICA INC Atlanta, GA | PROMOTE ASIAN INSTRUMENTAL MUSIC | $1,000 |
| SOUTHEASTERN KOREAN SCHOOL ASSN Duluth, GA | PROMOTE ASIAN CULTURE AMONG KOREAN AMERICANS | $1,000 |
| MEGNA STELLA CORPOERATION Duluth, GA | PROVIDE EDUCATIONAL PROGRAMS ABOUT ASIAN CULTURE | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EUNSOOK CHOI | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Asian Cultural Empowerment Inc?
Asian Cultural Empowerment Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in NORCROSS, GA. It holds $187K in total assets as of 2024.
How large is Asian Cultural Empowerment Inc?
As of 2024, Asian Cultural Empowerment Inc holds $187K in total assets with $4K in annual revenue. It awarded 5 grants totaling $9K in 2024.
Where does Asian Cultural Empowerment Inc operate?
Asian Cultural Empowerment Inc has awarded grants in Georgia.
What size grants does Asian Cultural Empowerment Inc award?
In 2024, Asian Cultural Empowerment Inc awarded 5 grants totaling $9K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Asian Cultural Empowerment Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Asian Cultural Empowerment Inc reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Asian Cultural Empowerment Inc's EIN?
Asian Cultural Empowerment Inc's EIN (Employer Identification Number) is 85-0502234. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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