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Ace Foundation

EIN 46-3200311 · files IRS Form 990, Schedule I

Given, as filed$5.1m2021–2025 · 348 grants
2021: $1.5m · 157 grants20212022: $1.8m · 67 grants2022$1.8m2023: $983.4k · 58 grants20232024: $700.0k · 65 grants20242025: $95.0k · 1 grants2025$95.0k
Grantees333funded more than once, matching gifts aside
11 of 33311of 333
Assets, year end$3.4mtax year 2024
2023: $2.5m20232024: $3.4m2024$3.4m
Board and officers18on its latest return

Where it gives

By cause and by place, from its own returns.

By cause

The cause each recipient registered with the IRS

Arts and culture$95.0k
Community improvement$38.4k
Cause not on file$5.0m

Mostly grants abroad and recipients without a US registration. Shown, never hidden.

By place

Dollars received, by the recipient's state

half the top state or more10–50%2–10%under 2%

Grants abroad and place not on file: 345 grants · $5.0m

Who it funds most

11 of its 333 grantees were funded in more than one year.

Ace Foundation's own IRS Form 990, Schedule I returns, as filed, in USD

Who funds the same organisations

Counted over its 40 largest grantees, leaving out fiscal sponsors and donor-advised funds, which share an address rather than a cause. A fact, not a partnership.

Its board and officers

From its latest return.

Chiling TongPresident and CEO
Amit BhatnagarSecretary (through January)
Bill ImadaDirector
Bin YuDirector
Chewy JangDirector (through January)
Cy ChenDirector
Dennis HuangDirector
Fa'amoana Uta'iDirector
Ian SoDirector (through January)
Jimmy FergusonVice Chair
Karen EngChair
Marty LorenzoDirector (through January)
Melody ChenDirector
Narumi InatsuguDirector
Shau-Wai LamDirector
Susan Jin DavisDirector
Tammy FunasakiDirector
Tracey DoiTreasurer

Form 990 Part VII, tax year 2024, filing 202511719349300306

Name and title as its own return lists them. No pay, no address. A photograph appears only where the person's own organisation or a free licence publishes one, credited beside it; otherwise none. Anyone can ask to be removed: hello@philanova.ai.

Its money

What it gave, held and paid, by year.

Giving by year

2021: $1.5m · 157 grants20212022: $1.8m · 67 grants2022$1.8m2023: $983.4k · 58 grants20232024: $700.0k · 65 grants20242025: $95.0k · 1 grants2025$95.0k
Tax yearReturnAssets, year endGrants paidCharitable spending
2024Form 990$3.4m—$2.3m
2023Form 990$2.5m—$2.2m

As filed, in US dollars. Assets at fair market value where the return gives it.

Its returns6 filings
Tax yearFormFilingWhere to read it
2025IRS Form 990, Schedule I202632119349300218IRS batch file
2024IRS Form 990, Schedule I202511719349300306IRS batch file
2023IRS Form 990, Schedule I202421859349300032IRS batch file
2022IRS Form 990, Schedule I202333129349301603IRS batch file
2021IRS Form 990, Schedule I202203119349304565IRS batch file
2020IRS Form 990, Schedule I202113139349301836IRS batch file

An IRS batch file holds many returns; the filing number finds this one inside it.

The record as filedEvery table this page has always shown, in full.open

Ace Foundation made 348 grants across 2021–2025, totalling $5.1m as filed.

Grants
348
Total, as filed
$5.1m
Years
2021–2025
Filed in
USD

Who it funds

OrganisationGrantsTotal
BARBE-QUEEN1$100.0k
FACING EAST TAIWANESE RESTAURANT1$100.0k
IMPERYO LLC1$100.0k
ASIAN AMERICAN ARTS ALLIANCE INC1$95.0k
RANKEN NOODLE HOUSE LLC2$75.0k
ALOHA ISLAND MARKET AZ1$50.0k
SUNHEE'S FARM AND KITCHEN LLC1$50.0k
BH LIFE LLC3$45.0k
KORAI KITCHEN LLC2$40.0k
11 RESTAURANT & TEA1$25.0k
AYSEE LLC1$25.0k
BAHUSI LLC1$25.0k
BRADY'S SUSHI AND HIBACHI1$25.0k
C & L ASIAN RESTAURANT INC1$25.0k
CHAY CORNER LLC1$25.0k

By year

YearGrantsTotal
2021157$1.5m
202267$1.8m
202358$983.4k
202465$700.0k
20251$95.0k

Where this came from

Identifier US-EIN-463200311. Register: Internal Revenue Service (US). Machine-readable: JSON.

What this page does not know

  • Wrong if: a figure recovered from a subtotal is read as the sum of the recovered rows. A subtotal divides onto a whole penny whatever its parts did, so rows the per-row rule refuses are inside these figures.
  • What they say they exist to do
  • What each grant was for
  • What they fund, by theme
  • Balance sheet and financials
  • Who runs it
  • Whether they accept proposals
  • Their own record on the register
  • No website on file
  • Leadership not yet identified
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