Totals
- Total revenue
- $29,605,387
- Total expenses
- $32,286,306
- Contributions and grants received
- $18,590,059
- Grants paid
- $1,065,897
- Program service revenue
- $1,038,686
- Investment income
- $9,079,764
- Other revenue
- $896,878
- Total assets, end of year
- $123,532,820
- Total liabilities, end of year
- $16,119,378
- Net assets or fund balances, end of year
- $107,413,442
- Program services expenses (Part IX)
- $23,799,002
- Management and general expenses
- $5,817,087
- Fundraising expenses
- $2,670,217
- Program service expenses (Part III)
- $23,799,002
Program services were 73.7% 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
$908,583
-
1c · Fundraising events
$1,876,279
-
1e · Government grants (contributions)
$731,347
-
1f · All other contributions, gifts and grants
$15,073,850
-
1g · Noncash contributions included above
$335,184
-
2a · Program service revenue: GLOBAL POL. & BUSINESS
total $635,070 · related or exempt $635,070
-
2b · Program service revenue: PROGRAM ADMISSION FEES
total $319,362 · related or exempt $319,362
-
2c · Program service revenue: CO-SPONSOR FEE
total $63,852 · related or exempt $63,852
-
2d · Program service revenue: EDUCATIONAL PROG. REV.
total $20,402 · related or exempt $20,402
-
3 · Investment income
total $1,589,223 · excluded $1,589,223
-
5 · Royalties
total $299,777 · excluded $299,777
-
6a · Gross rents
real property $380,411
-
6b · Less rental expenses
real property $9,259
-
6c · Rental income or loss
real property $371,152
-
6d · Net rental income or loss
total $371,152 · excluded $371,152
-
7a · Gross sales of assets other than inventory
securities $18,063,596
-
7b · Less cost or other basis and sales expenses
securities $10,573,055
-
7c · Gain or loss
securities $7,490,541
-
7d · Net gain or loss
total $7,490,541 · excluded $7,490,541
-
8a · Fundraising events: gross income
$536,980
-
8a · Fundraising events: contributions included on line 1c
$1,876,279
-
8b · Fundraising events: direct expenses
$441,270
-
8c · Net income from fundraising events
total $95,710 · excluded $95,710
-
10a · Gross sales of inventory
$233,243
-
10b · Cost of goods sold
$103,004
-
10c · Net income from sales of inventory
total $130,239 · excluded $130,239
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $261,651 · program services $261,651
-
2 · Grants to domestic individuals
total $22,000 · program services $22,000
-
3 · Grants to foreign organizations and individuals
total $782,246 · program services $782,246
-
5 · Compensation of officers, directors and key employees
total $1,701,365 · program services $877,979 · management and general $434,826 · fundraising $388,560
-
6 · Compensation of disqualified persons
total $178,576 · program services $178,576
-
7 · Other salaries and wages
total $12,723,507 · program services $9,661,152 · management and general $1,853,916 · fundraising $1,208,439
-
8 · Pension plan contributions
total $570,291 · program services $433,297 · management and general $85,826 · fundraising $51,168
-
9 · Other employee benefits
total $1,538,581 · program services $1,079,824 · management and general $306,391 · fundraising $152,366
-
10 · Payroll taxes
total $1,084,637 · program services $922,841 · management and general $26,341 · fundraising $135,455
-
11b · Fees: legal
total $112,193 · program services $57,504 · management and general $54,521 · fundraising $168
-
11c · Fees: accounting
total $158,182 · management and general $158,182
-
11f · Fees: investment management
total $487,346 · management and general $487,346
-
11g · Fees: other
total $3,440,762 · program services $3,067,565 · management and general $244,067 · fundraising $129,130
-
12 · Advertising and promotion
total $74,329 · program services $74,329
-
13 · Office expenses
total $1,798,321 · program services $1,039,679 · management and general $545,815 · fundraising $212,827
-
14 · Information technology
total $965,323 · program services $185,511 · management and general $692,385 · fundraising $87,427
-
16 · Occupancy
total $1,585,795 · program services $1,346,344 · management and general $177,980 · fundraising $61,471
-
17 · Travel
total $1,483,227 · program services $1,357,421 · management and general $76,361 · fundraising $49,445
-
19 · Conferences, conventions and meetings
total $107,288 · program services $92,749 · management and general $9,274 · fundraising $5,265
-
20 · Interest
total $505,320 · program services $411,835 · management and general $65,692 · fundraising $27,793
-
22 · Depreciation, depletion and amortization
total $1,486,826 · program services $1,211,550 · management and general $193,353 · fundraising $81,923
-
23 · Insurance
total $355,108 · program services $75,920 · management and general $279,188
-
24a · Other expenses: EQUIP RENTAL & MAINT
total $791,620 · program services $601,212 · management and general $116,038 · fundraising $74,370
-
24b · Other expenses: PRINTING & PUBLICATIONS
total $71,812 · program services $57,817 · management and general $9,585 · fundraising $4,410
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,040,434 · end of year $1,659,429
-
2 · Savings and temporary cash investments
beginning of year $6,193,530 · end of year $3,946,518
-
3 · Pledges and grants receivable
beginning of year $10,681,407 · end of year $7,064,565
-
4 · Accounts receivable
beginning of year $1,888,823 · end of year $521,660
-
8 · Inventories for sale or use
beginning of year $68,562 · end of year $60,108
-
9 · Prepaid expenses and deferred charges
beginning of year $370,585 · end of year $889,145
-
10a · Land, buildings and equipment: cost or other basis
$57,737,399
-
10b · Land, buildings and equipment: accumulated depreciation
$43,151,428
-
10c · Land, buildings and equipment, net
beginning of year $15,748,218 · end of year $14,585,971
-
11 · Investments: publicly traded securities
beginning of year $35,877,935 · end of year $39,689,554
-
12 · Investments: other securities
beginning of year $51,728,247 · end of year $53,471,617
-
15 · Other assets
beginning of year $1,042,247 · end of year $1,644,253
-
17 · Accounts payable and accrued expenses
beginning of year $2,941,895 · end of year $2,458,578
-
20 · Tax-exempt bond liabilities
beginning of year $13,419,692 · end of year $12,982,556
-
25 · Other liabilities
beginning of year $169,784 · end of year $678,244
-
27 · Net assets without donor restrictions
beginning of year $137,123 · end of year $1,056,978
-
28 · Net assets with donor restrictions
beginning of year $109,971,494 · end of year $106,356,464
Mission and programs · 2024
Mission
THE SOCIETY IS AN INTERNATIONAL NONPROFIT, NONPARTISAN ORGANIZATION WHICH CONNECTS PEOPLE AND INSTITUTIONS IN ASIA AND THE WORLD TO BUILD UNDERSTANDING, ADDRESS CHALLENGES AND MAXIMIZE OPPORTUNITIES.
Activities or mission (Part I)
THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION, SEE SCHEDULE O.
-
POLICY AND BUSINESS PROGRAM DIVISION - THE ASIA SOCIETY POLICY INSTITUTE HAS BEEN RANKED IN THE TOP 1% OF THINK TANKS AROUND THE WORLD BY THE UNIVERSITY OF PENNSYLVANIA'S THINK TANKS AND CIVIL SOCIETY'S PROGRAM. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. POLICY WORK IS ALSO CARRIED OUT BY OUR CENTER ON U.S. CHINA RELATIONS AND OUR NEW YORK PUBLIC PROGRAMS DEPARTMENT. FOR MORE INFORMATION, SEE SCHEDULE O.
Expenses $12,137,379 · Grants $647,329 · Revenue $731,138
-
ART AND CULTURAL PROGRAMS DIVISION - THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES, AND SYMPOSIA. FOR MORE INFORMATION, SEE SCHEDULE O.
Expenses $5,758,148 · Revenue $251,868
-
COMMUNICATIONS DIVISION - THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES. THE WORK OF THE ONLINE OUTREACH DIVISION INCLUDES CONTRIBUTIONS FROM HEADQUARTERS AS WELL AS OUR SIXTEEN OTHER CENTERS AND BRANCHES AROUND THE WORLD. IT OVERSEES THE WEBSITE WHICH PROVIDES INFORMATION ABOUT ASIA SOCIETY PROGRAMS AS WELL AS CONTENT GENERATED SPECIFICALLY FOR THE SITE ON TOPICS OF CURRENT INTEREST. FOR MORE INFORMATION, SEE SCHEDULE O.
Expenses $1,914,833
-
Expenses $3,988,642 · Grants $418,568 · Revenue $55,680
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KYUNG-WHA KANG
PRESIDENT & CEO
- Total calculated
- $521,589
- From this org
- $511,089
- From related orgs
- $0
- Other
- $10,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $508,333
- Bonus
- $0
- Other
- $2,756
- Deferred
- $0
- Nontaxable benefits
- $10,500
- Filer's total
- $521,589
-
HAMID BIGLARI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CHAN HENG CHEE
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BETSY Z COHEN
VICE CHAIR & SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT NIEHAUS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN L THORNTON
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
LULU C WANG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
NICOLAS AGUZIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HRH TURKI AL FAISAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EDWARD R ALLEN III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ISAAC APPLBAUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MOHIT ASSOMULL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NICOLAS BERGGRUEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J FRANK BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RABBI ANGELA BUCHDAHL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL S CHAE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALBERT CHAO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PURNENDU CHATTERJEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DUNCAN CLARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HENRY CORNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FREDERICK M DEMOPOULOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SERGE DUMONT
TRUSTEE - END 12/24
- Total calculated
- $0
- Hours/week
- 1
-
J MICHAEL EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STUART FULLER
TRUSTEE - EFFECTIVE 04/25
- Total calculated
- $0
- Hours/week
- 1
-
JAMSHYD GODREJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARTYN GOOSSEN
TRUSTEE - EFFECTIVE 10/24
- Total calculated
- $0
- Hours/week
- 1
-
FILIPPO GORI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EVAN G GREENBERG
TRUSTEE - END 01/25
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN S HAKKARAINEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE G HICKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DORIS MAGSAYSAY HO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
W BRADFORD HU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE HUI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
OMAR ISHRAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SANGITA JINDAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
K S SONNY KALSI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ADRIAN T KELLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN KEOGH
TRUSTEE - EFFECTIVE 04/25
- Total calculated
- $0
- Hours/week
- 1
-
MAHMOOD J KHIMJI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS KOJIMA
TRUSTEE - EFFECTIVE 10/24
- Total calculated
- $0
- Hours/week
- 1
-
JAMES KONDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KUO CHUAN KC KUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHONG-MOON LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SEUNG-YOON SY LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPHINE LINDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
IDA LIU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEAN LIU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEOFF MARTHA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ASHEET MEHTA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
VALI NASR
TRUSTEE - EFFECTIVE 10/24
- Total calculated
- $0
- Hours/week
- 1
-
JOHN D NEGROPONTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THIERRY PORTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PHILIP QU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EMILY K RAFFERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RAJ RAO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN RIADY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GARY RIESCHEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES P ROCKEFELLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NICOLAS ROHATYN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN A SCHWARZMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NEIL SHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KATIE SOO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JANE JIE SUN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Y PING SUN
TRUSTEE - END 07/24
- Total calculated
- $0
- Hours/week
- 1
-
VIVIENNE TAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JESSICA TAN
TRUSTEE - EFFECTIVE 04/25
- Total calculated
- $0
- Hours/week
- 1
-
ERNIE THRASHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK E TUCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EUNICE ZEHNDER-LAI
TRUSTEE - END 08/24
- Total calculated
- $0
- Hours/week
- 1
-
JAMES D ZIRIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FERNANDO ZOBEL DE AYALA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DEBRA EISENMAN
EVP & CHIEF OPERATING OFFICER
- Total calculated
- $435,485
- From this org
- $367,961
- From related orgs
- $0
- Other
- $67,524
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $307,907
- Bonus
- $60,000
- Other
- $54
- Deferred
- $19,500
- Nontaxable benefits
- $48,024
- Filer's total
- $435,485
-
SHANE WILLIAMS-NESS
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $317,908
- From this org
- $270,075
- From related orgs
- $0
- Other
- $47,833
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $269,937
- Bonus
- $0
- Other
- $138
- Deferred
- $16,800
- Nontaxable benefits
- $31,033
- Filer's total
- $317,908
-
KEVIN HOGAN
CHIEF FINANCIAL OFFICER
- Total calculated
- $287,546
- From this org
- $270,762
- From related orgs
- $0
- Other
- $16,784
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $270,000
- Bonus
- $0
- Other
- $762
- Deferred
- $16,200
- Nontaxable benefits
- $584
- Filer's total
- $287,546
-
WENDY CUTLER
VP & MD, WASHINGTON DC OFFICE
- Total calculated
- $345,977
- From this org
- $324,862
- From related orgs
- $0
- Other
- $21,115
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $324,100
- Bonus
- $0
- Other
- $762
- Deferred
- $19,500
- Nontaxable benefits
- $1,615
- Filer's total
- $345,977
-
DANIEL RUSSEL
VP, INT'L SEC & DIPLOMACY - END 6/25
- Total calculated
- $345,217
- From this org
- $325,088
- From related orgs
- $0
- Other
- $20,129
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $325,000
- Bonus
- $0
- Other
- $88
- Deferred
- $19,500
- Nontaxable benefits
- $629
- Filer's total
- $345,217
-
ORVILLE SCHELL
VP, CTR US-CHINA REL/ARTHUR ROSS DIR
- Total calculated
- $345,124
- From this org
- $310,058
- From related orgs
- $0
- Other
- $35,066
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $308,822
- Bonus
- $0
- Other
- $1,236
- Deferred
- $18,787
- Nontaxable benefits
- $16,279
- Filer's total
- $345,124
-
YASUFUMI NAKAMORI
VP, ARTS & CULTURE - END 4/25
- Total calculated
- $285,311
- From this org
- $264,311
- From related orgs
- $0
- Other
- $21,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,053
- Bonus
- $0
- Other
- $258
- Deferred
- $4,985
- Nontaxable benefits
- $16,015
- Filer's total
- $285,311
-
AALOK KANANI
CHIEF DIGITAL & COMM. OFFICER
- Total calculated
- $302,138
- From this org
- $278,199
- From related orgs
- $0
- Other
- $23,939
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $278,199
- Bonus
- $0
- Other
- $0
- Deferred
- $16,800
- Nontaxable benefits
- $7,139
- Filer's total
- $302,138
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 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
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
The filer's explanations (Part III)
- PART I, LINE 7
- THE EVP & CHIEF OPERATING OFFICER'S BONUS WAS SET AND REVIEWED BY THE COMPENSATION COMMITTEE AS CONTEMPORANEOUS REMUNERATION FOR ASSUMING THE INTERIM CEO POSITION. BONUSES PAID DURING THE CALENDAR YEAR ARE REPORTING ON SCHEDULE J, PART II COLUMN (B) (II).
- PART I, LINE 8
- BASE COMPENSATION PAID TO THE PRESIDENT AND CEO WAS MADE PURSUANT TO A WRITTEN EMPLOYMENT AGREEMENT THAT IS SUBJECT TO 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
-
HOOVER FELLOWS SUBGRANT PAYMENT
-
TASK FORCE ON US-CHINA POLICY SUBGRANT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601069349300730
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