Totals
- Total revenue
- $7,992,856
- Total expenses
- $6,739,007
- Contributions and grants received
- $2,685,027
- Grants paid
- $0
- Program service revenue
- $778,306
- Investment income
- $3,638,958
- Other revenue
- $890,565
- Total assets, end of year
- $72,058,811
- Total liabilities, end of year
- $711,704
- Net assets or fund balances, end of year
- $71,347,107
- Program services expenses (Part IX)
- $6,125,666
- Management and general expenses
- $272,047
- Fundraising expenses
- $341,294
- Program service expenses (Part III)
- $6,125,666
Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1b · Membership dues
$46,665
-
1c · Fundraising events
$279,500
-
1e · Government grants (contributions)
$169,000
-
1f · All other contributions, gifts and grants
$2,189,862
-
1g · Noncash contributions included above
$336,858
-
2a · Program service revenue: PROGRAM FEES & OTHER REVENUE
total $778,306 · excluded $778,306
-
3 · Investment income
total $1,277,164 · excluded $1,277,164
-
6a · Gross rents
real property $255,016
-
6b · Less rental expenses
real property $336,660
-
6c · Rental income or loss
real property -$81,644
-
6d · Net rental income or loss
total -$81,644 · excluded -$81,644
-
7a · Gross sales of assets other than inventory
securities $12,634,669
-
7b · Less cost or other basis and sales expenses
securities $10,272,875
-
7c · Gain or loss
securities $2,361,794
-
7d · Net gain or loss
total $2,361,794 · excluded $2,361,794
-
8a · Fundraising events: gross income
$1,459,764
-
8a · Fundraising events: contributions included on line 1c
$279,500
-
8b · Fundraising events: direct expenses
$487,555
-
8c · Net income from fundraising events
total $972,209 · excluded $972,209
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $673,077 · program services $574,443 · management and general $37,234 · fundraising $61,400
-
7 · Other salaries and wages
total $1,529,420 · program services $1,305,295 · management and general $84,607 · fundraising $139,518
-
8 · Pension plan contributions
total $145,966 · program services $124,576 · management and general $8,075 · fundraising $13,315
-
9 · Other employee benefits
total $207,165 · program services $176,807 · management and general $11,460 · fundraising $18,898
-
10 · Payroll taxes
total $160,161 · program services $136,691 · management and general $8,860 · fundraising $14,610
-
11b · Fees: legal
total $90,728 · program services $82,470 · management and general $3,663 · fundraising $4,595
-
11c · Fees: accounting
total $36,193 · program services $32,899 · management and general $1,461 · fundraising $1,833
-
11g · Fees: other
total $300,058 · program services $274,811 · management and general $17,558 · fundraising $7,689
-
12 · Advertising and promotion
total $31,390 · program services $30,390 · management and general $1,000
-
13 · Office expenses
total $33,496 · program services $21,191 · management and general $8,373 · fundraising $3,932
-
14 · Information technology
total $109,283 · program services $64,545 · management and general $16,939 · fundraising $27,799
-
16 · Occupancy
total $279,060 · program services $272,235 · management and general $6,355 · fundraising $470
-
17 · Travel
total $14,909 · program services $12,060 · management and general $1,722 · fundraising $1,127
-
21 · Payments to affiliates
total $37,892 · program services $37,892
-
22 · Depreciation, depletion and amortization
total $2,070,283 · program services $2,056,902 · management and general $5,093 · fundraising $8,288
-
23 · Insurance
total $113,295 · program services $102,983 · management and general $4,574 · fundraising $5,738
-
24a · Other expenses: PROGRAM PRODUCTION
total $508,741 · program services $499,107 · management and general $7,923 · fundraising $1,711
-
24b · Other expenses: EXHIBITIONS
total $303,908 · program services $303,908
-
24c · Other expenses: ADMIN SUPPORT
total $93,982 · program services $16,461 · management and general $47,150 · fundraising $30,371
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,170,113 · end of year $1,183,709
-
2 · Savings and temporary cash investments
beginning of year $524,991 · end of year $542,538
-
3 · Pledges and grants receivable
beginning of year $2,729,660 · end of year $965,621
-
4 · Accounts receivable
beginning of year $388,429 · end of year $332,796
-
9 · Prepaid expenses and deferred charges
beginning of year $65,274 · end of year $72,420
-
10a · Land, buildings and equipment: cost or other basis
$53,716,561
-
10b · Land, buildings and equipment: accumulated depreciation
$13,621,463
-
10c · Land, buildings and equipment, net
beginning of year $41,506,266 · end of year $40,095,098
-
11 · Investments: publicly traded securities
beginning of year $24,219,795 · end of year $28,866,629
-
17 · Accounts payable and accrued expenses
beginning of year $430,668 · end of year $630,832
-
19 · Deferred revenue
beginning of year $80,602 · end of year $80,872
-
27 · Net assets without donor restrictions
beginning of year $47,957,173 · end of year $49,798,060
-
28 · Net assets with donor restrictions
beginning of year $22,136,085 · end of year $21,549,047
Mission and programs · 2024
Mission
ACROSS THE FIELDS OF PERFORMING ARTS, VISUAL ARTS, EDUCATION AND OUTREACH, BUSINESS & POLICY, ASTC PROVIDES INSIGHT, GENERATES IDEAS, AND PROMOTES COLLABORATION TO ADDRESS PRESENT CHALLENGES AND CREATE A SHARED FUTURE. ASTC OPERATES AS A SEPARATE 501(C)(3) ORGANIZATION AND HAS AN AFFILIATE RELATIONSHIP WITH ASIA SOCIETY, A GLOBAL NETWORK.
Activities or mission (Part I)
ASIA SOCIETY TEXAS CENTER ("ASTC") IS AN EDUCATIONAL ORGANIZATION DEDICATED TO PROMOTING MUTUAL UNDERSTANDING AND STRENGTHENING PARTNERSHIPS BETWEEN ASIA AND THE UNITED STATES.
-
THE PERFORMING ART AND CULTURE DEPARTMENT - THROUGH DANCE, FOOD, FILM, LITERATURE, MUSIC, AND THEATRE, ASTC'S PERFORMING ARTS AND CULTURE PROGRAMS CELEBRATE THE VIBRANCY OF ASIAN CULTURES THROUGH TRADITIONAL AND CONTEMPORARY ARTS TO ENGENDER CURIOSITY, EMPATHY, AND A BETTER UNDERSTANDING OF OUR COMMUNITY AND THE WORLD. MANY OF THESE ANNUAL OFFERINGS ARE PRESENTED IN COLLABORATION WITH SOME OF HOUSTON'S MOST PRESTIGIOUS AND DIVERSE CULTURAL ORGANIZATIONS LIKE MILLER OUTDOOR THEATRE, HOUSTON BALLET, INPRINT, ANJALI CENTER FOR PERFORMING ARTS, HOUSTON CINEMA ARTS FESTIVAL, HOUSTON GRAND OPERA, AND MORE.
Expenses $1,764,206 · Grants $58,750 · Revenue $810,863
-
THE BUSINESS AND POLICY DEPARTMENT OF ASIA SOCIETY TEXAS FOSTERS A BETTER UNDERSTANDING OF OUR INTERCONNECTED WORLD THROUGH PROGRAMMING THAT ELEVATES DIALOGUE AND IDEAS TO COMBAT BIAS AND CONNECTS HOUSTONIANS WITH GLOBAL BUSINESS AND THOUGHT LEADERS, AUTHORS, SCHOLARS, DIPLOMATS, AND POLICY EXPERTS. OUR PROGRAMS ARE PRIMARILY IN-PERSON AT ASIA SOCIETY TEXAS. IN FY24-25, WE HOSTED 24 IN-PERSON PROGRAMS AND WELCOMED 3,010 GUESTS. KEY B&P PROGRAMS INCLUDED DISCUSSIONS ON U.S. FOREIGN POLICY, INCLUDING PROGRAMS LOOKING AT BOTH US-KOREAN AND US-TURKISH RELATIONS, THE CAREERS OF DYNAMIC FEMALE DIPLOMATS, GLOBAL ARCHITECTURE, HEALTHCARE INNOVATIONS, ECONOMIC LINKAGES BETWEEN TEXAS AND JAPAN, AND DIPLOMATIC ROUNDTABLES WITH THE U.S. AMBASSADOR TO VIETNAM AND TAIWAN'S REPRESENTATIVE TO THE U.S. THIS YEAR, WE ALSO INCORPORATED A GUIDED TASTING OF AUSTRALIAN WINE AND A US-JAPAN SISTER CITIES SAKE TASTING EVENT. THE ANNUAL HUFFINGTON AWARD DINNER HONORED COLE CHEMICAL PRESIDENT AND CEO AND LONGTIME HOUSTON COMMUNITY LEADER DONNA COLE. NOTABLE SPEAKERS INCLUDED MSNBC JOURNALIST ALI VELSHI, WORLD-RENOWNED ARCHITECT FARSHID MOUSSAVI, NBC NEWS ANCHOR VICKY NGUYEN, NEW YORK TIMES BESTSELLING AUTHOR ALKA JOSHI, FORMER AMBASSADOR DAVID SATTERFIELD, AND MITSUBISHI HEAVY INDUSTRIES CEO TAKAJIRO ISHIKAWA.
Expenses $1,272,085 · Revenue $832,353
-
THE EDUCATION DEPARTMENT LIES AT THE HEART OF THE ASIA SOCIETY'S MISSION, FOCUSING ON A VARIETY OF AUDIENCES, INCLUDING STUDENTS, ADULTS, FAMILIES, AND COMMUNITIES. THROUGH A BALANCED PROGRAMMING SCHEDULE THAT INCLUDES SCHOOL TOURS, ART & ARCHITECTURE TOURS, FAMILY PROGRAMS, LANGUAGE CLASSES, AND SUMMER CAMPS, EDUCATION AT THE TEXAS CENTER SPARKS CURIOSITY, BUILDS CROSS-CULTURAL EMPATHY, AND DEVELOPS GLOBAL COMPETENCY. ADDITIONALLY, THE PERMANENT EDUCATION EXHIBIT, EXPLORE ASIA, PROVIDES AN INTERACTIVE EXPERIENCE THAT IMMERSES GUESTS IN ASIAN CULTURE. OUR DIGITAL LEARNING PLATFORM OFFERS ENGAGING WEB COMICS FOR STUDENTS, COMPREHENSIVE LESSON GUIDES FOR EDUCATORS, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
Expenses $1,679,434 · Grants $2,000 · Revenue $778,355
-
THE EXHIBITIONS DEPARTMENT AT ASIA SOCIETY TEXAS SHARES THE BEST VISUAL ARTS FROM AND ABOUT ASIA WITH THE HOUSTON-AREA COMMUNITY. THROUGH EXHIBITIONS AND RELATED PROGRAMS IN FY24-25, WE FEATURED THE WORK OF MORE THAN 35 CONTEMPORARY ARTISTS THROUGH 5 EXHIBITIONS, BOTH FROM THE UNITED STATES AND ASIA. OUR DEPARTMENT'S PROGRAMMING DEEPENS APPRECIATION FOR THE ARTS IN TEXAS. IN FY24-25, THE ORGANIZATION ALSO CREATED MORE THAN 15 UNIQUE PROGRAMS, INCLUDING SCHOLARLY TALKS ON THE LEGACY OF MODERN INK PAINTER HUNG HSIEN, AS WELL AS PROGRAMS ABOUT THE ASIAN DIASPORA. FEATURED ARTISTS INCLUDED HUNG HSIEN, XIN LIU, JAMES CLAR, AND UMICO NIWA.
Expenses $1,409,941 · Grants $108,250 · Revenue $318,940
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Martyn E GoossenMARTYN E GOOSSEN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
David HarveyDAVID HARVEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Edward R Allen IIIEDWARD R ALLEN III
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Rishi VarmaRISHI VARMA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Y Ping SunY PING SUN
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 2
-
Randy SimRANDY SIM
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Nancy C AllenNANCY C ALLEN
LIFETIME DIR
- Total calculated
- $0
- Hours/week
- 2
-
Albert ChaoALBERT CHAO
LIFETIME DIR
- Total calculated
- $0
- Hours/week
- 2
-
Charles FosterCHARLES FOSTER
LIFETIME DIR
- Total calculated
- $0
- Hours/week
- 2
-
Sushila AgrawalSUSHILA AGRAWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shazad BashirSHAZAD BASHIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael CarterMICHAEL CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roberto Contreras IVROBERTO CONTRERAS IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Theresa ChangTHERESA CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James L CuclisJAMES L CUCLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aimee DitommasoAIMEE DITOMMASO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mohsin ImtiazMOHSIN IMTIAZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melanie LawsonMELANIE LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin LewisKEVIN LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Moez MangaljiMOEZ MANGALJI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Arshad MatinARSHAD MATIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janet MatsushitaJANET MATSUSHITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leigh SmithLEIGH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janae TsaiJANAE TSAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mustafa I TameezMUSTAFA I TAMEEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Al VickersAL VICKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Asha ViraniASHA VIRANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George YangGEORGE YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bonna KolBONNA KOL
PRESIDENT/CE
- Total calculated
- $352,922
- From this org
- $305,800
- From related orgs
- $0
- Other
- $47,122
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,800
- Bonus
- $50,000
- Other
- not reported
- Deferred
- $30,378
- Nontaxable benefits
- $16,744
- Filer's total
- $352,922
-
Sophia WongSOPHIA WONG
VP, FIN., HR
- Total calculated
- $173,857
- From this org
- $156,057
- From related orgs
- $0
- Other
- $17,800
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,792
- Bonus
- $10,265
- Other
- not reported
- Deferred
- $16,420
- Nontaxable benefits
- $1,380
- Filer's total
- $173,857
-
Saleena JafrySALEENA JAFRY
VP, DEVELOPM
- Total calculated
- $135,495
- From this org
- $115,020
- From related orgs
- $0
- Other
- $20,475
- Hours/week
- 40
-
Stephanie WongSTEPHANIE WONG
VP, COMM./ A
- Total calculated
- $106,306
- From this org
- $96,200
- From related orgs
- $0
- Other
- $10,106
- Hours/week
- 40
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 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202621319349305667
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