Form 990 for tax year 2024
Filed by ASIAN AMERICAN LEAD LDSHIP EMPWMENT AND DEVLPMENT FOR YOUTH & FAMILY.
Totals
- Total revenue
- $1,244,935
- Total expenses
- $1,326,056
- Contributions and grants received
- $1,069,982
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $182,446
- Other revenue
- -$7,493
- Total assets, end of year
- $2,438,738
- Total liabilities, end of year
- $133,491
- Net assets or fund balances, end of year
- $2,305,247
- Program services expenses (Part IX)
- $1,019,740
- Management and general expenses
- $191,427
- Fundraising expenses
- $114,889
- Program service expenses (Part III)
- $1,019,740
Program services were 76.9% 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.
-
1a · Federated campaigns
$2,770
-
1c · Fundraising events
$111,290
-
1e · Government grants (contributions)
$645,987
-
1f · All other contributions, gifts and grants
$309,935
-
1g · Noncash contributions included above
$6,677
-
3 · Investment income
total $65,481 · excluded $65,481
-
7a · Gross sales of assets other than inventory
securities $784,749
-
7b · Less cost or other basis and sales expenses
securities $667,784
-
7c · Gain or loss
securities $116,965
-
7d · Net gain or loss
total $116,965 · excluded $116,965
-
8a · Fundraising events: gross income
$4,150
-
8a · Fundraising events: contributions included on line 1c
$111,290
-
8b · Fundraising events: direct expenses
$11,643
-
8c · Net income from fundraising events
total -$7,493 · excluded -$7,493
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $137,620 · program services $96,334 · management and general $20,643 · fundraising $20,643
-
7 · Other salaries and wages
total $746,344 · program services $637,568 · management and general $41,757 · fundraising $67,019
-
8 · Pension plan contributions
total $29,633 · program services $25,582 · management and general $1,495 · fundraising $2,556
-
9 · Other employee benefits
total $51,617 · program services $42,968 · management and general $3,574 · fundraising $5,075
-
10 · Payroll taxes
total $77,619 · program services $64,530 · management and general $5,426 · fundraising $7,663
-
11c · Fees: accounting
total $70,217 · management and general $70,217
-
11f · Fees: investment management
total $17,851 · management and general $17,851
-
11g · Fees: other
total $49,213 · program services $38,596 · management and general $10,617
-
12 · Advertising and promotion
total $1,374 · program services $1,374
-
13 · Office expenses
total $35,455 · program services $18,827 · management and general $16,301 · fundraising $327
-
16 · Occupancy
total $30,131 · program services $28,834 · management and general $1,297
-
17 · Travel
total $4,257 · program services $4,257
-
19 · Conferences, conventions and meetings
total $4,150 · fundraising $4,150
-
23 · Insurance
total $14,220 · program services $11,822 · management and general $994 · fundraising $1,404
-
24a · Other expenses: Staff Development and r
total $25,948 · program services $24,332 · management and general $1,255 · fundraising $361
-
24b · Other expenses: Fieldtrips/ Food
total $13,128 · program services $13,128
-
24c · Other expenses: Dues, licenses and regi
total $11,588 · program services $11,588
-
24d · Other expenses: Fundraising expenses
total $5,691 · fundraising $5,691
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,739 · end of year $23,208
-
2 · Savings and temporary cash investments
beginning of year $757,028 · end of year $420,291
-
3 · Pledges and grants receivable
beginning of year $81,170 · end of year $173,896
-
9 · Prepaid expenses and deferred charges
beginning of year $1,806 · end of year $1,592
-
11 · Investments: publicly traded securities
beginning of year $1,573,642 · end of year $1,758,024
-
15 · Other assets
beginning of year $19,564 · end of year $61,727
-
17 · Accounts payable and accrued expenses
beginning of year $43,299 · end of year $60,129
-
19 · Deferred revenue
beginning of year $0 · end of year $19,740
-
25 · Other liabilities
beginning of year $15,347 · end of year $53,622
-
27 · Net assets without donor restrictions
beginning of year $2,374,136 · end of year $2,305,247
-
28 · Net assets with donor restrictions
beginning of year $29,167 · end of year $0
Mission and programs · 2024
Mission
To empower AAPI youth in underserved communities through culturally responsive programming and advocacy.AALEAD envisions a United States in which all youth are supported, empowered, and celebrated within equitable, abundant and thriving communities.
Activities or mission (Part I)
To promote the well-being of AAPI Youth and Families.
-
The AALEAD After School Program provides educational empowerment for middle and high school aged youth by educating them on identity development and leadership skills from a STEAM centered curriculum including college and career readiness, financial literacy, and workforce development. Programs create a safe and supportive space to embrace identity and engage in opportunities for leadership and civic engagement. AALEAD serves youth in weekly after school programs through a community-based model in D.C. and at designated school sites aligned with demographic needs within Arlington County, Fairfax County, and Montgomery County. In FY25, AALEAD supported 378 youth attending 19 public and charter schools with afterschool programs across DC, MD, and VA. Across all programs, 501 youth were served in afterschool, summer, and mentoring programs. According to cumulative surveys, in developing leadership skills, 86% of participants reported feeling more confident in their leadership skills because of skills learned and opportunities provided by AALEAD. Approximately 90% of participants reported being better informed on how to take steps to achieve their educational goals, while 92% felt they had a place to belong as a result of the community focus within programs.
Expenses $859,615
-
AALEAD's Mentoring Program connects youth aged 8-18 with caring adults 21+ years old, to form relationships that provide youth with a safe avenue to express their feelings and frustrations, improve their self-esteem, and foster positive self-identity. The program follows an evidence based social and emotional learning framework that gives mentees opportunities to explore new interests and develop hobbies, motivate them to pursue higher education, and prepare them for careers with support from their mentors. In FY25, the Mentoring Program had a total of 40 matches with a one-to-one ratio of adult mentors and youth mentees.
Expenses $85,376
-
AALEAD provides free summer programs for youth ages 11-18 for five days per week, for five weeks to bridge the gap in learning loss during summer months. Summer programs center experiential hands-on learning with a STEAM centered curriculum focusing on identity and leadership development. Youth engage in weekly local field trips and projects to bridge community engagement with skills learned in programs. Youth explored topics of storytelling, identity exploration, and community engagement through various leadership development skills such as presenting and facilitating amongst peers. Programs operate at one school site in each region in DC, Maryland, and Virginia. In FY25, 113 youth were served across all regions in summer programs. According to youth reported surveys, approximately 89% of youth learned how their personal life connects to the world around them, and 91% learned about the experiences of people from different cultures and races. Furthermore, 91% reported having improved skills in empathy, teamwork, & problem solving because of summer programs.
Expenses $74,749
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert Sohn
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Karen Urcia
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Joyce Segarra
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sharon Eliatamby
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Alexander Jue
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Ann Lee
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Radha Rangarajan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Linda Sun
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
George Men
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
James Billings-Kang
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael Chang
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Katherine Shek-Walsh
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Siu Cheung Rossmark
Executive Director
- Total calculated
- $133,096
- From this org
- $131,554
- From related orgs
- $0
- Other
- $1,542
- Hours/week
- 55
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600509349301500
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