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Nonprofiteer
← GIVE2ASIA

Form 990 for tax year 2022

Filed by GIVE2ASIA.

Totals

Total revenue
$46,009,100
Total expenses
$44,852,337
Contributions and grants received
$45,650,188
Grants paid
$41,044,909
Program service revenue
$328,972
Investment income
$29,940
Other revenue
$0
Total assets, end of year
$41,402,587
Total liabilities, end of year
$10,570,067
Net assets or fund balances, end of year
$30,832,520
Program services expenses (Part IX)
$43,280,871
Management and general expenses
$979,800
Fundraising expenses
$591,666
Program service expenses (Part III)
$43,280,871

Program services were 96.5% 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.

  • 1f · All other contributions, gifts and grants

    $45,650,188

  • 1g · Noncash contributions included above

    $921,715

  • 2a · Program service revenue: ADVISORY SERVICES

    total $328,972 · related or exempt $328,972

  • 3 · Investment income

    total $386,458 · excluded $386,458

  • 7a · Gross sales of assets other than inventory

    securities $6,052,429

  • 7b · Less cost or other basis and sales expenses

    securities $6,408,947

  • 7c · Gain or loss

    securities -$356,518

  • 7d · Net gain or loss

    total -$356,518 · excluded -$356,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,271,310 · program services $2,271,310

  • 3 · Grants to foreign organizations and individuals

    total $38,773,599 · program services $38,773,599

  • 5 · Compensation of officers, directors and key employees

    total $567,062 · program services $299,997 · management and general $129,510 · fundraising $137,555

  • 7 · Other salaries and wages

    total $1,056,244 · program services $560,704 · management and general $239,654 · fundraising $255,886

  • 8 · Pension plan contributions

    total $51,888 · program services $26,942 · management and general $12,271 · fundraising $12,675

  • 9 · Other employee benefits

    total $239,130 · program services $124,163 · management and general $56,553 · fundraising $58,414

  • 10 · Payroll taxes

    total $80,122 · program services $41,602 · management and general $18,948 · fundraising $19,572

  • 11b · Fees: legal

    total $39,953 · program services $37,032 · management and general $2,921

  • 11c · Fees: accounting

    total $87,241 · management and general $87,241

  • 11f · Fees: investment management

    total $113,116 · management and general $113,116

  • 11g · Fees: other

    total $833,397 · program services $765,524 · management and general $64,106 · fundraising $3,767

  • 13 · Office expenses

    total $121,673 · program services $89,560 · management and general $7,921 · fundraising $24,192

  • 14 · Information technology

    total $146,676 · program services $48,748 · management and general $83,395 · fundraising $14,533

  • 16 · Occupancy

    total $100,734 · program services $66,300 · management and general $34,434

  • 17 · Travel

    total $237,173 · program services $127,541 · management and general $50,220 · fundraising $59,412

  • 22 · Depreciation, depletion and amortization

    total $46,215 · program services $14,913 · management and general $31,091 · fundraising $211

  • 23 · Insurance

    total $37,063 · program services $18,545 · management and general $18,518

  • 24a · Other expenses: PAYROLL SERVICE FEES

    total $17,047 · program services $8,851 · management and general $4,032 · fundraising $4,164

  • 24e · All other expenses

    total $32,694 · program services $5,540 · management and general $25,869 · fundraising $1,285

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,365,661 · end of year $16,367,657

  • 3 · Pledges and grants receivable

    beginning of year $8,895,123 · end of year $9,687,196

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,001 · end of year $202,874

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

    $394,452

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

    $258,508

  • 10c · Land, buildings and equipment, net

    beginning of year $164,981 · end of year $135,944

  • 11 · Investments: publicly traded securities

    beginning of year $18,521,889 · end of year $14,904,529

  • 15 · Other assets

    beginning of year $0 · end of year $104,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $480,903 · end of year $298,989

  • 18 · Grants payable

    beginning of year $18,130,245 · end of year $10,165,786

  • 25 · Other liabilities

    beginning of year $0 · end of year $105,292

  • 27 · Net assets without donor restrictions

    beginning of year $15,609,353 · end of year $22,285,697

  • 28 · Net assets with donor restrictions

    beginning of year $11,856,154 · end of year $8,546,823

Mission and programs · 2022

Mission

GIVE2ASIA PROVIDES PHILANTHROPIC SERVICES TO INDIVIDUALS, FOUNDATIONS, CORPORATIONS AND CHARITABLE ORGANIZATIONS IN THE UNITED STATES AND ASIA. GIVE2ASIA MATCHES DONOR INTERESTS AND GRANTEE MISSION AND CAPACITY TO MAKE INTERNATIONAL GRANTMAKING COMPLIANT WITH U.S. AND LOCAL REGULATIONS, EFFECTIVE AND IMPACTFUL.

  • GIVE2ASIA PROVIDES ADVISORY AND MANAGEMENT SERVICES RELATED TO MEETING CHARITABLE NEEDS AND OPPORTUNITIES IN ASIA. GIVE2ASIA MANAGES DONOR ADVISED GRANTS, DONOR ADVISED FUNDS, AND FRIENDS FUNDS. GIVE2ASIA CONDUCTS PRE-GRANT DUE DILIGENCE ON PROSPECTIVE GRANTEES, MONITORS PROGRAM PERFORMANCE, EXERCISES EXPENDITURE RESPONSIBILITY, AND REPORTS TO DONORS, IN COMPLIANCE WITH APPLICABLE U.S. LAWS AND REGULATIONS FOR INTERNATIONAL GIVING. MOST OF GIVE2ASIA'S GRANT-MAKING IS IN THE FIELDS OF EDUCATION, HEALTH, ENVIRONMENT, LIVELIHOOD, AND POST-DISASTER RELIEF AND RECONSTRUCTION.

    Expenses $43,280,871 · Grants $41,044,909

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GEORGE SYCIP

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH KVITSHVILI

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • NAREN AGARWAL

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • FRANCIS LEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BILL TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FREDA LAM ZIETLOW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • YIWEN LI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL W KELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SUZY ANTOUNIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RAYMOND LEUNG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LUC TAYARD DE BORMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEAN PAUL WARMOES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DIEN YUEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BIRGER STAMPERDAHL

    PRESIDENT & CEO

    Total calculated
    $226,212
    From this org
    $179,330
    From related orgs
    $0
    Other
    $46,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,330
    Bonus
    $0
    Other
    $0
    Deferred
    $18,683
    Nontaxable benefits
    $28,199
    Filer's total
    $226,212

  • EDNA BARTOLOME

    CFO - CURRENT

    Total calculated
    $102,608
    From this org
    $85,250
    From related orgs
    $0
    Other
    $17,358
    Hours/week
    40

  • SHEENA AGARWAL

    VP OF OPERATIONS

    Total calculated
    $150,383
    From this org
    $134,590
    From related orgs
    $0
    Other
    $15,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,590
    Bonus
    $0
    Other
    $0
    Deferred
    $13,646
    Nontaxable benefits
    $2,147
    Filer's total
    $150,383

  • ANNA HONG

    CFO UNTIL 5/6/22

    Total calculated
    $87,859
    From this org
    $79,554
    From related orgs
    $0
    Other
    $8,305
    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 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE BASED ON YEAR-END PERFORMANCE OF THE ORGANIZATION. THE AMOUNT IS SET BY THE BOARD AND ALLOCATED TO DIFFERENT DEPARTMENTS BY THE CEO.

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

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.

  • GIVE2ASIA FOUNDATION LIMITED

    GRANTMAKING ADVIOSRY · HK · controlled entity

    Directly controlled by GIVE2ASIA

  • GIVE2ASIA AUSTRALIA LIMITED

    AS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GA ADVISORS

    DE · income $0 · assets $0

    Directly controlled by GIVE2ASIA

Provenance

Return type
form_990
Tax year
2022
Filed
25 September 2023
IRS schema version
2022v5.0
Source object
202322689349300862

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

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