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← ASIAN ARTS INITIATIVE

Form 990 for tax year 2022

Filed by ASIAN ARTS INITIATIVE.

Totals

Total revenue
$1,796,789
Total expenses
$2,091,708
Contributions and grants received
$1,573,585
Grants paid
$137,719
Program service revenue
$193,622
Investment income
$29,582
Other revenue
$0
Total assets, end of year
$9,211,656
Total liabilities, end of year
$237,806
Net assets or fund balances, end of year
$8,973,850
Program services expenses (Part IX)
$1,372,547
Management and general expenses
$517,933
Fundraising expenses
$201,228
Program service expenses (Part III)
$1,372,547

Program services were 65.6% 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.

  • 1e · Government grants (contributions)

    $122,679

  • 1f · All other contributions, gifts and grants

    $1,450,906

  • 2a · Program service revenue: RENTAL INCOME

    total $113,270 · related or exempt $113,270

  • 2b · Program service revenue: FEE FOR SERVICE

    total $44,272 · related or exempt $44,272

  • 2c · Program service revenue: OTHER INCOME

    total $36,080 · related or exempt $36,080

  • 3 · Investment income

    total $29,582 · excluded $29,582

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $126,069 · program services $126,069

  • 2 · Grants to domestic individuals

    total $11,650 · program services $11,650

  • 5 · Compensation of officers, directors and key employees

    total $122,151 · program services $54,968 · management and general $36,645 · fundraising $30,538

  • 7 · Other salaries and wages

    total $837,393 · program services $512,703 · management and general $206,981 · fundraising $117,709

  • 8 · Pension plan contributions

    total $14,441 · program services $8,571 · management and general $3,658 · fundraising $2,212

  • 9 · Other employee benefits

    total $105,154 · program services $64,254 · management and general $26,033 · fundraising $14,867

  • 10 · Payroll taxes

    total $88,760 · program services $52,681 · management and general $22,481 · fundraising $13,598

  • 11f · Fees: investment management

    total $7,321 · management and general $7,321

  • 11g · Fees: other

    total $34,093 · program services $448 · management and general $33,645

  • 13 · Office expenses

    total $42,587 · program services $6,325 · management and general $31,651 · fundraising $4,611

  • 16 · Occupancy

    total $104,763 · program services $85,623 · management and general $19,140

  • 19 · Conferences, conventions and meetings

    total $26,485 · program services $20,323 · management and general $3,928 · fundraising $2,234

  • 22 · Depreciation, depletion and amortization

    total $210,036 · program services $210,036

  • 24a · Other expenses: CONSULTANTS

    total $147,861 · program services $45,530 · management and general $101,891 · fundraising $440

  • 24b · Other expenses: ARTIST FEES

    total $131,890 · program services $124,288 · management and general $665 · fundraising $6,937

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $47,446 · program services $42,039 · management and general $76 · fundraising $5,331

  • 24d · Other expenses: OTHER EXPENSES

    total $33,608 · program services $7,039 · management and general $23,818 · fundraising $2,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $489,442 · end of year $317,202

  • 2 · Savings and temporary cash investments

    beginning of year $638,541 · end of year $1,338,721

  • 3 · Pledges and grants receivable

    beginning of year $1,893,503 · end of year $1,224,243

  • 4 · Accounts receivable

    beginning of year $14,232 · end of year $2,801

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

    $7,056,601

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

    $2,162,622

  • 10c · Land, buildings and equipment, net

    beginning of year $5,082,515 · end of year $4,893,979

  • 11 · Investments: publicly traded securities

    beginning of year $1,290,012 · end of year $1,434,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,723 · end of year $87,806

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 24 · Unsecured notes and loans payable

    beginning of year $43,750

  • 27 · Net assets without donor restrictions

    beginning of year $6,317,166 · end of year $6,077,831

  • 28 · Net assets with donor restrictions

    beginning of year $2,829,606 · end of year $2,896,019

Mission and programs · 2022

Mission

THE ASIAN ARTS INITIATIVE IS A COMMUNITY-BASED ARTS CENTER IN PHILADELPHIA THAT ENGAGES ARTISTS AND EVERYDAY PEOPLE TO CREATE ART THAT EXPLORES THE DIVERSE EXPERIENCES OF ASIAN AMERICANS, ADDRESSES OUR SOCIAL CONTEXT,IMAGINES AND AFFECTS POSITIVE COMMUNITY CHANGE.

Activities or mission (Part I)

SEE PAGE 2 PART III STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS LINE 1 FOR DETAILS.

  • THE ASIAN ARTS INITIATIVE OFFERS PERFORMANCES, EXHIBITIONS, WORKSHOPS AND TRAINING FOR ARTISTS, YOUTH AND ADULTS WHO SHARE ITS MISSION OF COMMUNITY BASED ARTS. THE ASIAN ARTS INITIATIVE IS A UNIQUE AND VITAL CIVIC SPACE WHERE ARTISTS AND EVERYDAY PEOPLE CAN THINK CRITICALLY ABOUT THE EXPERIENCES OF ASIAN AMERICANS IN PHILADELPHIA. IT IS A MEETING PLACE FOR PEOPLE WHO LACK ACCESS TO MAINSTREAM MEDIA, EDUCATION AND ARTS BECAUSE OF BARRIERS OF LANGUAGE, CULTURE, RACE AND MONEY. IT SERVES A DIVERSE CONSTITUENCY OF ASIAN IMMIGRANTS, ASIAN AMERICANS BORN IN THE US AND NON ASIANS WHO COME TOGETHER TO GIVE VOICE TO THEIR EXPERIENCES, RAISE AWARENESS OF ISSUES FACING THEM AND IMAGINE THEIR COLLECTIVE POSSIBILITIES FOR SOCIAL CHANGE.

    Expenses $1,372,547 · Grants $137,719 · Revenue $193,622

As filed on the 2022 return.

Listed in Part VII

  • Tuan Nguyen

    INTERIM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sonia Pal

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eva Ray

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sandra Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Yee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Candace Chewning

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aleyamma Mathew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maori Holmes

    CO-CHAIR UNTIL JAN. 2023

    Total calculated
    $0
    Hours/week
    1

  • Amy Sadao

    CO-CHAIR UNTIL SEPT. 2022

    Total calculated
    $0
    Hours/week
    1

  • Anne Ishii

    EXECUTIVE DIRECTOR

    Total calculated
    $120,575
    From this org
    $106,665
    From related orgs
    $0
    Other
    $13,910
    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.

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.

  • ASIAN ARTS INITIATIVE ADVOCATES

    501(C)(3) · TO SUPPORT ASIAN ARTS INITIATIVE. · PA · controlled entity

    Directly controlled by ASIAN ARTS INITIATIVE

  • 501(C)(3)

  • 501(C)(3)

  • 501(C)(3)

  • 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349307461

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