Totals
- Total revenue
- $210,755
- Total expenses
- $104,749
- Contributions and grants received
- $168,401
- Grants paid
- $2,808
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $42,354
- Total assets, end of year
- $116,895
- Total liabilities, end of year
- $10,889
- Net assets or fund balances, end of year
- $106,006
- Program services expenses (Part IX)
- $52,671
- Management and general expenses
- $30,335
- Fundraising expenses
- $29,243
- Program service expenses (Part III)
- $52,671
Program services were 50.3% 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
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$9,795
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$158,606
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2b · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$4,249
-
8a · Fundraising events: contributions included on line 1c
$9,795
-
8b · Fundraising events: direct expenses
$4,249
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$65,956
-
10b · Cost of goods sold
$24,308
-
10c · Net income from sales of inventory
total $41,648 · related or exempt $0 · unrelated business $41,648 · excluded $0
-
11a · Other revenue: Miscellaneous Income
total $706 · related or exempt $706 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$706
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,608 · program services $1,608
-
2 · Grants to domestic individuals
total $1,200 · program services $1,200
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $1,068 · program services $854 · management and general $107 · fundraising $107
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $198 · program services $158 · management and general $20 · fundraising $20
-
11a · Fees: management
total $48,751 · program services $31,688 · management and general $9,750 · fundraising $7,313
-
11b · Fees: legal
total $618 · program services $0 · management and general $618 · fundraising $0
-
11c · Fees: accounting
total $381 · program services $191 · management and general $95 · fundraising $95
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $10,080 · program services $1,333 · management and general $7,914 · fundraising $8,333
-
12 · Advertising and promotion
total $21,737 · program services $409 · management and general $8,545 · fundraising $12,783
-
13 · Office expenses
total $7,179 · program services $3,588 · management and general $3,142 · fundraising $449
-
14 · Information technology
total $192 · program services $154 · management and general $19 · fundraising $19
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $3,521 · program services $3,521 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $499 · program services $250 · management and general $125 · fundraising $124
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Booklists
total $4,191 · program services $4,191 · management and general $0 · fundraising $0
-
24b · Other expenses: Programming/Events
total $3,526 · program services $3,526 · management and general $0 · fundraising $0
-
24c · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $115,779
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $1,116
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $10,889
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $68,318
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $37,688
Mission and programs · 2022
Mission
The Very Asian Foundation's mission is to shine a light on Asian experiences through advocacy and celebration.
-
The Very Asian Foundation's mission is to shine a light on Asian experiences through advocacy and celebration. The Organization accomplishes this by raising money for Asian American Native Hawaiian and Pacific Islander AANHPI groups and issues amplifying diverse stories and experiences providing education and training opportunities for gross across the county and hosting community building events such as film screenings panel discussions and community mixers that foster productive dialogue and promote cultural awareness understanding and appreciation.
Expenses $29,135 · Grants $2,108
-
The May Book Project is an Asian American youth guide for all readers that launched in May 2022. Inspired by student's calls for greater Asian American Native Hawaiian and Pacific Islander AANHPI representation in the made books available to them the May Book Project provides a free toolkit resource guide and booklist of about 250 books of high-quality vetted Asian American literature. The Very Asian Foundation then gives free books to at-need libraries. VAF has worked with libraries in Atlanta Chicago Henderson NC Los Angeles Milwaukee New York Seattle St. Louis and St. Paul and has hundreds of requests in queue. It's been embraced in each state because this project emphasizes choice and celebration.
Expenses $23,536 · Grants $700
-
The Very Asian Creators Fund aims to provide financial support and mentorship opportunities to Asian American Native Hawaiian and Pacific Islander AANHPI individuals who are making a career pivot into a creative field and provide a launchpad to achieve their goals and make an impact in their communities and society. The Very Asian Creators Fund also includes the idea that by amplifying the voices stories and perspectives of AANHPI creatives and by providing a platform for them to share their work this grant program can help change the representation and narratives in the creative industry by providing a space for more diverse and underrepresented voices and perspectives to be visible. By providing mentorship opportunities the Organization hopes to also help demystify the career pivot process and debunk myths hindering individuals in pursuit of their creative careers by providing real-life examples of individuals who have gone through the process and made it. The overarching goal of this program is to empower AANHPI individuals to make a successful transition into a creative career and to promote representation and diverse narratives in the creative industry which will have a ripple effect on the community and society as a whole. While the program itself did not start in earnest until 2023 the Organization began raising funds for the program in 2022.
As filed on the 2022 return.
Listed in Part VII
-
Michelle Van Dillen
President
- Total calculated
- $0
- Hours/week
- 25
-
Alex Lee
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Stephen Lenivy
Vice-President
- Total calculated
- $0
- Hours/week
- 10
-
Gia Vang
Secretary
- Total calculated
- $0
- Hours/week
- 15
-
Soogi Hong
Contracted Executive Director
- Total calculated
- $0
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349303837
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