TY 2018 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2018

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
ASIAN BUSINESS ASSOCIATION OF
ORANGE COUNTY

Number and street (or P. O. box, if mail is not delivered to street address)3943 Irvine Blvd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Irvine, CA92602

D Employer identification number

33-0510434

E Telephone number

(949) 222-2291

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? TO PROMOTE & DEVELOP BUSINESS OF MEMBERS
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 PROCUREMENT AND BUSINESS CONFERENCE IS HELD EACH YEAR TO BRING TOGETHER COMPANIES AND THE ASSOCIATION MEMBERS FOR THE PURPOSE OF PROMOTING AND DEVELOPING EACH OTHER'S BUSINESS (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 ANNUAL AWARDS BANQUET IS HELD TO RECOGNIZE BUSINESS LEADERS IN ORDER TO INCREASE AWARENESS IN THE BUSINESS COMMUNITY OF THE PRESENCE OF THE ORGANIZATION AND HOW IT COULD HELP IN THE LOCAL BUSINESS DEVELOPMENT (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 BUSINESS MIXERS ARE HELD TO PROVIDE NETWORKING OPPORTUNITIES TO MEMBERS AND SPONSORS FOR MUTUAL BUSINESS RELATIONSHIPS (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
Pramod Kunju President & CEO	0	0
Joyce Morell Treasurer	0	0
Marlene Nantell Secretary	0	0
Ajay Aggarwall Director	0	0
Roger Cheng Director	0	0
Gloria Rull Past President	0	0
Maria Dumatol Director	0	0
Madoka Martin Director	0	0
Cindy Mei Director	0	0
Kerry Osaki Director	0	0
Linda Stone Director	0	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE


Name of organization ASIAN BUSINESS ASSOCIATION OF ORANGE COUNTY	Employer identification number 33-0510434
Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization ASIAN BUSINESS ASSOCIATION OF ORANGE COUNTY	Employer identification number 33-0510434
Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $4884
Other Expenses.1002	Office Expenses $451
Other Expenses.1009	Depreciation $50
Other Expenses.1010	Amortization $117
Other Expenses.1	Event Expenses $79175
Other Expenses.2	Supplies $1251
Other Expenses.3	Computer Expenses $880
Other Expenses.4	Telephone $742
Other Expenses.5	Miscellaneous $610
Other Expenses.6	Taxes & Licenses $340
Other Expenses.9	Bank Charges $141
Other Expenses.10	Parking $100
Other Expenses.11	Commission & Fees $75
Other Assets.1003	Machinery and Equipment - Beginning $409 Machinery and Equipment - Ending $359
Other Assets.1012	Intangible Assets - Beginning $1735 Intangible Assets - Ending $1618

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $4884

Other Expenses.1002

Office Expenses $451

Other Expenses.1009

Depreciation $50

Other Expenses.1010

Amortization $117

Other Expenses.1

Event Expenses $79175

Other Expenses.2

Supplies $1251

Other Expenses.3

Computer Expenses $880

Other Expenses.4

Telephone $742

Other Expenses.5

Miscellaneous $610

Other Expenses.6

Taxes & Licenses $340

Other Expenses.9

Bank Charges $141

Other Expenses.10

Parking $100

Other Expenses.11

Commission & Fees $75

Other Assets.1003

Machinery and Equipment - Beginning $409 Machinery and Equipment - Ending $359

Other Assets.1012

Intangible Assets - Beginning $1735 Intangible Assets - Ending $1618

1	Contributions, gifts, grants, and similar amounts received ....................	1	76,365
2	Program service revenue including government fees and contracts ...............	2	10,036
3	Membership dues and assessments ...........................	3
4	Investment income ...........................	4
5a	Gross amount from sale of assets other than inventory .....	5a
b	Less: cost or other basis and sales expenses .......	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ..........	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	86,401

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-14,096
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) ............	19	24,016
20	Other changes in net assets or fund balances (explain in Schedule O) ..........	20	-2,159
21	Net assets or fund balances at end of year. Combine lines 18 through 20 .......	21	7,761

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	18007218
Software Version:	2018v3.1

Software ID:	18007218
Software Version:	2018v3.1

10	Grants and similar amounts paid (list in Schedule O) ............	10
11	Benefits paid to or for members ................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	11,172
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ..............	15	509
16	Other expenses (describe in Schedule O) ..............	16	88,816
17	Total expenses. Add lines 10 through 16 ..............	17	100,497


Name of organization ASIAN BUSINESS ASSOCIATION OF ORANGE COUNTY			Employer identification number 33-0510434
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.