EIN 46-3200311

National Ace Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2013
Most recent tax filings
2023-12-01
Description
National Ace Foundation empowers AAPI businesses through education, research, economic development, and innovative solutions for better community well-being.
Also known as...
Ace Foundation
Total revenues
$2,565,208
2023
Total expenses
$2,233,333
2023
Total assets
$2,452,433
2023
Num. employees
0
2023

Program areas at National Ace Foundation

Aapistrong: aapistrong is a National call-to-action program powered by the National asian/pacific islander american chamber of commerce and entrepreneurship (National Ace). The program's primary goal is to convene our network of affiliate asian american and pacific islander (aapi) business organizations, entrepreneurs, corporate leaders, and stakeholders to advance equity, justice, and opportunity for aapi communities everywhere.aapi-owned businesses are absolutely essential to the health of National and local economies. 1 in 10 businesses in the country are aapi-owned, and we operate in the food industry, healthcare, convenience stores, salons, manufacturing, and technology. The aapistrong program fosters the wellbeing of these vital institutions by providing technical assistance on business resilience, resources on business recovery, information on starting, growing, or retaining a business, and creating avenues for education on access to capital and contracting. Together, with our public and private partners, we are standing up against racial discrimination while building community and sharing resources on how aapi entrepreneurs can overcome the most pressing challenges and become more resilient. From anti-asian hate to health equity, sustainability, and digital adoption, the aapistrong program will continue working with local partners to provide businesses with much-needed services, resources, and connections.
Education - Ace Foundation works to educate asian american and pacific islander business communities on issues that will directly improve their economic, political, and social well-being. Ace Foundation hosts events aimed to help educate the minority business community. These events include roundtables and symposiums coordinated with federal government agencies. Many of these events are virtual webinars which cover topics around access to capital, contracting opportunities, grant writing, retirement security, financial capacity, and challenges facing minority business owners.
Economic development - Ace Foundation educates local and regional aapi chambers of commerce, mou partners, and other stakeholders across the country to provide innovative business solutions through quality programs and services. Ace Foundation also contributes to our nation's economic growth, business development, and government efficiency by supporting programs and policies that create more aapi business owners, entrepreneurs, and corporate leaders.
Other programs

Grants made by National Ace Foundation

GranteeGrant descriptionAmount
National AceGeneral Support$23,438

Who funds National Ace Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,871,000
The Bank of America Charitable FoundationProgram/operating Support$100,000
National Philanthropic TrustCulture & Arts$58,594
...and 4 more grants received

Financials for National Ace Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,549,006
Program services$0
Investment income and dividends$13,402
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,800
Total revenues$2,565,208
Data update history
April 23, 2025
Received grants
Identified 1 new grant, including a grant for $10,000 from The Shau-Wai and Marie Lam Family Foundation
January 5, 2025
Received grants
Identified 1 new grant, including a grant for $25,000 from Tsuha Foundation
August 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 29, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsCivic / social organizationsBusiness and community development organizationsCharities
Issues
Human servicesBusiness and industry
Characteristics
Provides grantsNational levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1300 Pennsylvania Ave NW 700
Washington, DC 20004
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
nationalace.org/ 
Phone
(202) 204-2579
IRS details
EIN
46-3200311
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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