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Nonprofiteer
← ASIAN AMERICAN HOTEL OWNERS ASSOCIATION

Form 990 for tax year 2023

Filed by ASIAN AMERICAN HOTEL OWNERS ASSOCIATION.

Totals

Total revenue
$18,779,102
Total expenses
$18,395,284
Contributions and grants received
$0
Grants paid
$268,750
Program service revenue
$14,722,275
Investment income
$662,507
Other revenue
$3,394,320
Total assets, end of year
$20,082,242
Total liabilities, end of year
$12,022,614
Net assets or fund balances, end of year
$8,059,628
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$18,395,281

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONVENTION AND REGIONAL MEETINGS

    total $8,103,822 · related or exempt $8,103,822

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $5,558,368 · related or exempt $5,558,368

  • 2c · Program service revenue: LIFETIME MEMBERSHIP

    total $1,060,085 · related or exempt $1,060,085

  • 3 · Investment income

    total $662,507 · excluded $662,507

  • 5 · Royalties

    total $3,312,420 · related or exempt $3,156,019 · unrelated business $156,401

  • 11a · Other revenue: OTHER IMCOME

    total $81,900 · related or exempt $81,900

  • 11e · Other revenue, total

    $81,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $268,750

  • 5 · Compensation of officers, directors and key employees

    total $580,698

  • 7 · Other salaries and wages

    total $2,601,368

  • 8 · Pension plan contributions

    total $71,983

  • 9 · Other employee benefits

    total $165,246

  • 10 · Payroll taxes

    total $143,844

  • 11b · Fees: legal

    total $278,262

  • 11c · Fees: accounting

    total $278,345

  • 11d · Fees: lobbying

    total $424,315

  • 11f · Fees: investment management

    total $7,353

  • 11g · Fees: other

    total $874,000

  • 13 · Office expenses

    total $92,362

  • 14 · Information technology

    total $94,614

  • 16 · Occupancy

    total $357,936

  • 17 · Travel

    total $865,475

  • 19 · Conferences, conventions and meetings

    total $9,670,056

  • 22 · Depreciation, depletion and amortization

    total $111,995

  • 23 · Insurance

    total $118,020

  • 24a · Other expenses: TAXES

    total $24,143

  • 24b · Other expenses: SOFTWARE LICENSES

    total $374,649

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $331,818

  • 24d · Other expenses: CREDIT CARD CHARGES

    total $232,049

  • 24e · All other expenses

    total $428,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,146,234 · end of year $2,659,702

  • 4 · Accounts receivable

    beginning of year $221,246 · end of year $1,326,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $432,779 · end of year $135,293

  • 10a · Land, buildings and equipment: cost or other basis

    $1,691,188

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,340,682

  • 10c · Land, buildings and equipment, net

    beginning of year $347,312 · end of year $350,506

  • 11 · Investments: publicly traded securities

    beginning of year $4,019,047 · end of year $4,446,827

  • 12 · Investments: other securities

    beginning of year $9,519,153 · end of year $10,301,455

  • 15 · Other assets

    beginning of year $1,210,168 · end of year $862,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,171,798 · end of year $484,293

  • 19 · Deferred revenue

    beginning of year $12,072,923 · end of year $10,425,253

  • 25 · Other liabilities

    beginning of year $1,547,911 · end of year $1,113,068

  • 27 · Net assets without donor restrictions

    beginning of year $7,103,307 · end of year $8,059,628

Mission and programs · 2023

Mission

AAHOA'S MISSION IS TO ADVANCE AND PROTECT THE BUSINESS INTERESTS OF HOTEL OWNERS THROUGH ADVOCACY, INDUSTRY LEADERSHIP, PROFESSIONAL DEVELOPMENT, MEMBER BENEFIT, AND COMMUNITY ENGAGEMENT.

Activities or mission (Part I)

AAHOA'S MISSION IS TO ADVANCE AND PROTECT THE BUSINESS INTERESTS OF HOTEL OWNERS THROUGH ADVOCACY,

  • AAHOA ORGANIZES ONE OF THE LARGEST AND MOST INFLUENTIAL CONFERENCES AND TRADE SHOWS IN THE COUNTRY, PROVIDING EDUCATION, INDUSTRY UPDATES, NETWORKING, AND ACCESS TO VENDOR PARTNERS.

    Expenses $18,395,281

  • AAHOA ORGANIZES AND SUPPORTS REGIONAL AND TOWN HALL MEETINGS TO HELP HOTEL OWNERS ACCESS LOCALLY THE BENEFITS OF ASSOCIATION MEMBERSHIP, INCLUDING EDUCATION, INDUSTRY UPDATES, NETWORKING, AND ACCESS TO VENDOR PARTNERS.

  • AAHOA HAS AN INNOVATIVE EDUCATIONAL SEMINAR PROGRAM THAT INCLUDES FEATURES SUCH AS E-LEARNING AND A CERTIFICATE IN HOTEL OWNERSHIP [READ: NOT A CERTIFICATION PROGRAM]

As filed on the 2023 return.

Listed in Part VII

  • BHARAT PATEL CHIA

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • MIRAJ S PATEL MBA CHO CHIA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • KAMALESH KP PATEL

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • RAHUL PATEL

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • NISHANT NEAL PATEL

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0

  • SANJAY M PATEL

    ALABAMA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CHINTU DANNY MAGAN

    ARKANSAS REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ARTI PATEL

    CENTRAL MIDWEST REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CHETAN CHRIS PATEL

    FLORIDA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • VIK ZAVER

    GEORGIA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • VIMAL PATEL

    GULF REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • NARESH D BHAKTA

    GLAA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MAHENDRA MZ PATEL

    MID ATLANTIC REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • HARIKRISHNA HK PATEL

    MID-SOUTH REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • PINKESH PATEL

    NORTH CAROLINA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • BHAVESH PATEL

    NORTH CENTRAL REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ANKIT PANCHAL

    NORTH PACIFIC REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DHIREN MASTERS

    NORTH TEXAS REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • PREYAS PATEL

    NORTHEAST REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TARAN PATEL

    NORTHWEST REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KIRAN KEVIN PATEL

    SOUTH CENTRAL TEXAS REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • FENIL DESAI

    SOUTH CAROLINA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MIKE RIVERSIDE CHO CHA

    SOUTH PACIFIC REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • AILESH MULJI

    SOUTHEAST TEXAS REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DHARMESH AHIR

    SOUTHWEST REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KALPESH JOSHI

    UPPER MIDWEST REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DEEPAK PATEL

    WASHINGTON D.C AREA REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TANMAY PATEL

    YP DIRECTOR WESTERN DIVISION

    Total calculated
    $0
    Hours/week
    0

  • DYLAN PATEL

    YP DIRECTOR EASTERN DIVISION

    Total calculated
    $0
    Hours/week
    0

  • PURNIMA PATEL

    FEMALE DIRECTOR EASTERN DIVISION

    Total calculated
    $0
    Hours/week
    0

  • TEJAL PATEL

    FEMALE DIRECTOR WESTERN DIVISION

    Total calculated
    $0
    Hours/week
    0

  • AMIR AHMED

    INDUSTRY PARTNER

    Total calculated
    $0
    Hours/week
    0

  • JOHN HOUGHTALING

    INDUSTRY PARTNER

    Total calculated
    $0
    Hours/week
    0

  • ABRAHAM TIEH

    INDUSTRY PARTNER

    Total calculated
    $0
    Hours/week
    0

  • PINAL PATEL

    DAL EASTERN DIVISION

    Total calculated
    $0
    Hours/week
    0

  • NALIN NEIL PATEL

    DAL WESTERN DIVISION

    Total calculated
    $0
    Hours/week
    0

  • LAURA LEE BLAKE

    PRESIDENT AND CEO

    Total calculated
    $580,698
    From this org
    $527,582
    From related orgs
    $0
    Other
    $53,116
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $527,582
    Bonus
    $0
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $36,616
    Filer's total
    $580,698

  • HEATHER CARNES

    EVP COMMUNICATIONS

    Total calculated
    $321,733
    From this org
    $270,603
    From related orgs
    $0
    Other
    $51,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,603
    Bonus
    $0
    Other
    $0
    Deferred
    $13,491
    Nontaxable benefits
    $37,639
    Filer's total
    $321,733

  • GEETIKA TANGRA

    VP MEMBERSHIP

    Total calculated
    $222,873
    From this org
    $187,488
    From related orgs
    $0
    Other
    $35,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,488
    Bonus
    $0
    Other
    $0
    Deferred
    $9,335
    Nontaxable benefits
    $26,050
    Filer's total
    $222,873

  • PHELPS HOPE

    EVP OPERATIONS

    Total calculated
    $300,013
    From this org
    $263,298
    From related orgs
    $0
    Other
    $36,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,298
    Bonus
    $0
    Other
    $0
    Deferred
    $11,119
    Nontaxable benefits
    $25,596
    Filer's total
    $300,013

  • FREDERICK THOMPSON

    SR FINANCE DIRECTOR - STRATEGIC PLANNING

    Total calculated
    $170,254
    From this org
    $163,517
    From related orgs
    $0
    Other
    $6,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,517
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,737
    Filer's total
    $170,254

  • DENNIS J SMITH

    EVP BUSINESS DEVELOPMENT

    Total calculated
    $266,420
    From this org
    $245,480
    From related orgs
    $0
    Other
    $20,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,480
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,940
    Filer's total
    $266,420

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AAHOA PAC

    527 · LOBBYING · VA · controlled entity

    Directly controlled by AAHOA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349315952

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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