Totals
- Total revenue
- $7,069,438
- Total expenses
- $6,249,258
- Contributions and grants received
- $2,867,743
- Grants paid
- $0
- Program service revenue
- $640,338
- Investment income
- $2,945,418
- Other revenue
- $615,939
- Total assets, end of year
- $70,604,528
- Total liabilities, end of year
- $511,270
- Net assets or fund balances, end of year
- $70,093,258
- Program services expenses (Part IX)
- $5,598,678
- Management and general expenses
- $288,667
- Fundraising expenses
- $361,913
- Program service expenses (Part III)
- $5,598,678
Program services were 89.6% 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.
-
1b · Membership dues
$44,242
-
1c · Fundraising events
$295,776
-
1e · Government grants (contributions)
$271,125
-
1f · All other contributions, gifts and grants
$2,256,600
-
1g · Noncash contributions included above
$345,719
-
2a · Program service revenue: PROGRAM FEES & OTHER REVENUE
total $640,338 · excluded $640,338
-
3 · Investment income
total $772,686 · excluded $772,686
-
6a · Gross rents
real property $204,504
-
6b · Less rental expenses
real property $357,984
-
6c · Rental income or loss
real property -$153,480
-
6d · Net rental income or loss
total -$153,480 · excluded -$153,480
-
7a · Gross sales of assets other than inventory
securities $25,778,374
-
7b · Less cost or other basis and sales expenses
securities $23,605,642
-
7c · Gain or loss
securities $2,172,732
-
7d · Net gain or loss
total $2,172,732 · excluded $2,172,732
-
8a · Fundraising events: gross income
$1,207,085
-
8a · Fundraising events: contributions included on line 1c
$295,776
-
8b · Fundraising events: direct expenses
$437,666
-
8c · Net income from fundraising events
total $769,419 · excluded $769,419
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $662,268 · program services $550,118 · management and general $46,012 · fundraising $66,138
-
7 · Other salaries and wages
total $1,390,599 · program services $1,155,111 · management and general $96,614 · fundraising $138,874
-
8 · Pension plan contributions
total $143,992 · program services $119,608 · management and general $10,004 · fundraising $14,380
-
9 · Other employee benefits
total $188,432 · program services $156,522 · management and general $13,092 · fundraising $18,818
-
10 · Payroll taxes
total $164,251 · program services $136,436 · management and general $11,412 · fundraising $16,403
-
11c · Fees: accounting
total $24,802 · program services $22,264 · management and general $1,133 · fundraising $1,405
-
11g · Fees: other
total $354,833 · program services $316,294 · management and general $26,505 · fundraising $12,034
-
12 · Advertising and promotion
total $43,826 · program services $42,021 · management and general $1,775 · fundraising $30
-
13 · Office expenses
total $87,709 · program services $77,918 · management and general $5,296 · fundraising $4,495
-
14 · Information technology
total $101,299 · program services $63,387 · management and general $9,853 · fundraising $28,059
-
16 · Occupancy
total $379,083 · program services $370,996 · management and general $6,246 · fundraising $1,841
-
17 · Travel
total $19,463 · program services $9,873 · management and general $5,534 · fundraising $4,056
-
21 · Payments to affiliates
total $35,812 · program services $35,812
-
22 · Depreciation, depletion and amortization
total $1,670,560 · program services $1,644,423 · management and general $8,754 · fundraising $17,383
-
23 · Insurance
total $97,523 · program services $87,542 · management and general $4,456 · fundraising $5,525
-
24a · Other expenses: PROGRAM PRODUCTION
total $457,534 · program services $449,926 · management and general $4,168 · fundraising $3,440
-
24b · Other expenses: EXHIBITION
total $349,129 · program services $349,129
-
24c · Other expenses: ADMINISTRATIVE SUPPORT
total $78,143 · program services $11,298 · management and general $37,813 · fundraising $29,032
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,279,014 · end of year $1,170,113
-
2 · Savings and temporary cash investments
beginning of year $2,161,903 · end of year $524,991
-
3 · Pledges and grants receivable
beginning of year $4,859,481 · end of year $2,729,660
-
4 · Accounts receivable
beginning of year $469,152 · end of year $388,429
-
9 · Prepaid expenses and deferred charges
beginning of year $73,879 · end of year $65,274
-
10a · Land, buildings and equipment: cost or other basis
$53,057,447
-
10b · Land, buildings and equipment: accumulated depreciation
$11,551,181
-
10c · Land, buildings and equipment, net
beginning of year $42,422,964 · end of year $41,506,266
-
11 · Investments: publicly traded securities
beginning of year $18,986,879 · end of year $24,219,795
-
17 · Accounts payable and accrued expenses
beginning of year $902,686 · end of year $430,668
-
19 · Deferred revenue
beginning of year $77,508 · end of year $80,602
-
27 · Net assets without donor restrictions
beginning of year $41,425,130 · end of year $47,957,173
-
28 · Net assets with donor restrictions
beginning of year $27,847,948 · end of year $22,136,085
Mission and programs · 2023
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.
-
PERFORMING ART AND CULTURE - 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 $1,338,444 · Grants $98,563 · Revenue $666,358
-
THE BUSINESS AND POLICY PILLAR 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 FY23-24 WE HOSTED 24 IN-PERSON PROGRAMS AND WELCOMED 2,375 GUESTS. KEY B&P PROGRAMS INCLUDED DISCUSSIONS ON U.S. FOREIGN POLICY,THE NORTH KOREA NUCLEAR WEAPONS PROGRAM, THE ASIAN ECONOMIC OUTLOOK, CHINA AND TAIWAN, MENTAL HEALTH AND WELLBEING, INCLUSIVITY IN THE WORKPLACE AND ENERGY TRANSITION. THIS YEAR WE ALSO INCORPORATED TWO FOOD FORWARD PROGRAMS HOSTING A RAMEN CULTURE AND DINNER EVENT AND A US-JAPAN SISTER CITIES SAKE TASTING EVENT. THE ANNUAL HUFFINGTON AWARD DINNER HONORED FORMER WASHINGTON GOVERNOR AND US AMBASSADOR TO CHINA GARY LOCKE. NOTABLE SPEAKERS INCLUDED FORMER CHAIRMAN OF THE JOINT CHIEFS OF STAFF GENERAL RICHARD MYERS, AUTHOR AND NPR CORRESPONDENT ELISE HU, NEW YORK TIMES BEST SELLING AUTHOR ALKA JOSHI AND MITSUBISHI HEAVY INDUSTRIES AMERICA CEO TAKAJIRO ISHIKAWA. WE CONTINUED OUR STRONG TRADITION OF WELCOMING INTERNATIONAL DELEGATIONS HOSTING AMBASSADORS FROM BRUNEI, CAMBODIA, CHINA, LAOS, PAKISTAN, SINGAPORE, THAILAND AND VIETNAM.
Expenses $1,291,044 · Revenue $626,949
-
ASTC'S EDUCATION AND OUTREACH DEPARTMENT OFFERS UNIQUE LEARNING EXPERIENCES FOR CHILDREN, ADULTS, AND FAMILIES TO EXPLORE DIVERSE ASIAN CULTURES AND ASIAN AMERICAN EXPERIENCES. OUR PERMANENT EDUCATION EXHIBIT, EXPLORE ASIA, PROVIDES AN INTERACTIVE EDTECH EXPERIENCE WHICH IMMERSES GUESTS IN ASIAN CULTURE. OUR DIGITAL LEARNING PLATFORM, ASIA IN THE CLASSROOM, OFFERS ENGAGING WEBCOMICS FOR STUDENTS, COMPREHENSIVE LESSON GUIDES FOR EDUCATORS, AND PROFESSIONAL DEVELOPMENT WORKSHOPS. THROUGH OUR PROGRAMMING, WE PROVIDE A PLATFORM FOR COMMUNITIES TO CELEBRATE AND SHARE CULTURE THROUGH FAMILY FESTIVALS, LANGUAGE CLASSES, SUMMER CAMPS, WORKSHOPS, AND PERFORMANCES. ALL OF OUR INITIATIVES ARE DESIGNED TO SPARK CURIOSITY, BUILD CULTURAL EMPATHY, AND DEVELOP GLOBAL COMPETENCY AND INTERCULTURAL CONNECTIVITY IN HOUSTON AND BEYOND.
Expenses $1,444,427 · Grants $7,000 · Revenue $589,186
-
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 FY23-24, WE FEATURED THE WORKS OF 6 CONTEMPORARY ARTISTS THROUGH 4 EXHIBITIONS, BOTH FROM THE UNITED STATES AND ASIA. OUR DEPARTMENT'S PROGRAMMING DEEPENS APPRECIATION FOR THE ARTS IN TEXAS. IN FY23-24, THE ORGANIZATION ALSO CREATED 10 UNIQUE PROGRAMS INCLUDING A SYMPOSIUM ON THE LEGACY OF CONTEMPORARY CHINESE ARTIST XU BING, AS WELL AS PROGRAMS ABOUT THE ASIAN DIASPORA. FEATURED ARTISTS INCLUDED TSHERIN SHERPA, XU BING, AND FARIMA FOOLADI.
Expenses $1,524,763 · Grants $165,563 · Revenue $387,914
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Y Ping SunY PING SUN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Edward D Allen IIIEDWARD D ALLEN III
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Martyn E GoossenMARTYN E GOOSSEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin P LewisKEVIN P LEWIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Rishi VarmaRISHI VARMA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy AllenNANCY ALLEN
LIFETIME DIR
- Total calculated
- $0
- Hours/week
- 2
-
Charles C FosterCHARLES C FOSTER
LIFETIME DIR
- Total calculated
- $0
- Hours/week
- 2
-
Paul ShengPAUL SHENG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Albert ChaoALBERT CHAO
LIFE DIRECTO
- Total calculated
- $0
- Hours/week
- 2
-
Janae TsaiJANAE TSAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Glen GondoGLEN GONDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Asha ViraniASHA VIRANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael Tripp CarterMICHAEL TRIPP CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Arshad MatinARSHAD MATIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leigh SmithLEIGH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Randy SimRANDY SIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roberto Contreras IVROBERTO CONTRERAS IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kishore SundararajanKISHORE SUNDARARAJAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shahzad BashirSHAHZAD BASHIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janet MatsushitaJANET MATSUSHITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joe BlommaertJOE BLOMMAERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mustafa I TameezMUSTAFA I TAMEEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gordon J QuanGORDON J QUAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Milton D RosenauMILTON D ROSENAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David HarveyDAVID HARVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melanie LawsonMELANIE LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay CuclisJAY CUCLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George YangGEORGE YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bonna KolBONNA KOL
PRESIDENT/CE
- Total calculated
- $358,294
- From this org
- $312,741
- From related orgs
- $0
- Other
- $45,553
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,741
- Bonus
- $65,000
- Other
- not reported
- Deferred
- $31,274
- Nontaxable benefits
- $14,279
- Filer's total
- $358,294
-
Sophia WongSOPHIA WONG
VP,FINANCE&O
- Total calculated
- $168,538
- From this org
- $151,884
- From related orgs
- $0
- Other
- $16,654
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,884
- Bonus
- $10,000
- Other
- not reported
- Deferred
- $15,188
- Nontaxable benefits
- $1,466
- Filer's total
- $168,538
-
Saleena JafrySALEENA JAFRY
DEVELOPEMNT
- Total calculated
- $129,011
- From this org
- $109,651
- From related orgs
- $0
- Other
- $19,360
- Hours/week
- 40
-
Stephanie T WongSTEPHANIE T WONG
AUD ENG DIRE
- Total calculated
- $97,542
- From this org
- $87,992
- From related orgs
- $0
- Other
- $9,550
- 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
- 2023
- Filed
- 9 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521309349301112
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