ACE Foundation
Donations deductibleACE Foundation's network
17 people5 organisationsi17 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (17). Violet dotted lines (8) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
17 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 13 voting members of its governing body on its latest Form 990 Part VI; we list 17 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Karen ENG Chair | Chair | 2022 | 4 yrs |
| Amit Bhatnagar | Secretary (Through January) | 2020 | 6 yrs |
| Bill Imada | Director | 2018 | 8 yrs |
| BIN YU | Director | 2022 | 4 yrs |
| Chewy Jang | Director (Through January) | 2022 | 4 yrs |
| CY Chen | Director | 2020 | 6 yrs |
| Dennis Huang | Director | 2018 | 8 yrs |
| FA'Amoana UTA'I | Director | 2024 | 2 yrs |
| IAN SO | Director (Through January) | 2018 | 8 yrs |
| Jimmy Ferguson | Vice Chair | 2019 | 7 yrs |
| Marty Lorenzo | Director (Through January) | 2018 | 8 yrs |
| Melody Chen | Director | 2024 | 2 yrs |
| Narumi Inatsugu | Director | 2024 | 2 yrs |
| Shau-WAI LAM | Director | 2020 | 6 yrs |
| Susan JIN Davis | Director | 2024 | 2 yrs |
| Tammy Funasaki | Director | 2023 | 3 yrs |
| Tracey DOI | Treasurer | 2022 | 4 yrs |
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Chiling Tong | President and CEO | since 2020 |
| Daniel C Oliver | COO | since 2020 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Jimmy Ferguson | Chair | 2 | $0 | ||
| Bin Yu | Director (Thru May); Treasurer | 2 | $0 | ||
| Angela Chang | Director | 1 | $0 | ||
| Cy Chen | Director | 1 | $0 | ||
| Melody Chen | Director | 1 | $0 | ||
| Kevin Chow | Director | 1 | $0 | ||
| Susan Jin Davis | Director | 1 | $0 | ||
| Tammy Funasaki | Director | 1 | $0 | ||
| Dennis Huang | Director | 1 | $0 | ||
| Bill Imada | Director | 1 | $0 | ||
| Narumi Inatsugu | Director | 1 | $0 | ||
| Shau-Wai Lam | Director | 1 | $0 | ||
| Michael Ty | Director | 1 | $0 | ||
| Fa'amoana Uta'i | Director (Thru March) | 1 | $0 | ||
| Tianyi Zhu | Director | 1 | $0 | ||
| Chiling Tong | President and CEO | 2 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Ace Foundation
- EIN
- 463200311
- Address
- 1300 Pennsylvania Ave Nw Ste 700, Washington, DC, 20004-3024
- State
- District of Columbia
- Mission
- To improve the quality of life for asian and pacific islander americans by assisting the asian american and pacific islander (aapi) and all small business communities through business education and training, research, and community development. (as filed on the Form 990)
- Activity (NTEE)
- P20 Human services
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Human Services
- Size band
- 6 (IRS master file code)
- Formed
- 2013
- Principal officer
- Chiling Tong (as named on the Form 990)
- IRS ruling date
- 1 August 2014
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsBill Imada
≥8years on the filingsDennis Huang
≥8years on the filingsIAN SO
≥8years on the filingsMarty Lorenzo
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $3.5m
- Total liabilities
- $312k
- Net assets or fund balances
- $3.2m
- Contributions and grants received
- $2m
- Program service revenue
- $18k
- Grants and similar paid out
- $580k
- Employees
- 0
- Volunteers
- 15
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $3.2m | $2.3m | $906k |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Asian American Arts Alliance Inc | Support the national museum of asian pacific american history and culture | $95k |
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.ACE Foundation likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: DC Department of Licensing and Consumer Protection (DLCP), corporate registrations (opendata.dc.gov). Licence: CC BY 4.0. Attribution: DC DLCP. Data last fetched 18 October 2026.
- State
- District of Columbia
- Entity type
- Domestic Nonprofit Corporation
- Status
- Active - In Good Standing
- Formed
- 23 May 2013
- Registered agent
- C T Corporation System (city and state not held)