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Nonprofiteer
← ASIAN ART FOUNDATION

Form 990 for tax year 2023

Filed by ASIAN ART FOUNDATION.

Totals

Total revenue
$110,431
Total expenses
$1,912
Contributions and grants received
$109,674
Grants paid
$0
Program service revenue
$240
Investment income
$0
Other revenue
$517
Total assets, end of year
$908,652
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$908,652
Program services expenses (Part IX)
$0
Management and general expenses
$1,912
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $109,674

  • 2a · Program service revenue

    total $240 · related or exempt $240

  • 11a · Other revenue

    total $517 · related or exempt $517

  • 11e · Other revenue, total

    $517

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,300 · management and general $1,300

  • 23 · Insurance

    total $500 · management and general $500

  • 24a · Other expenses: BUSINESS REGISTRATION FEE

    total $100 · management and general $100

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $12 · management and general $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $534,205 · end of year $138,823

  • 4 · Accounts receivable

    beginning of year $8,200 · end of year $12,100

  • 11 · Investments: publicly traded securities

    beginning of year $136,938 · end of year $757,729

  • 31 · Retained earnings, endowment or other funds

    beginning of year $679,343 · end of year $908,652

Mission and programs · 2023

Mission

TO INTRODUCE CLASSIC CHINESE CULTURE TO THE RESIDENTS OF SAN FRANCISCO BAY AREA; TO PROMOTE ANCIENT ASIAN ARTS TO SAN FRANCISCO BAY AREA.

Activities or mission (Part I)

TO INTRODUCE CLASSIC CHINESE CULTURE TO THE RESIDENTS OF SAN FRANCISCO BAY AREA; TO PROMOTE ANICENT ASIAN ARTS TO SAN FRANCISCO BAY AREA.

  • TO INTRODUCE CLASSIC CHINESE CULTURE TO THE RESIDENTS OF SAN FRANCISCO BAY AREA; TO PROMOTE ANICENT ASIAN ARTS TO SAN FRANCISCO BAY AREA.

As filed on the 2023 return.

Listed in Part VII

  • Kevin Gao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Feng Wang

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Cathy Wei

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
18 October 2024
IRS schema version
2023v5.0
Source object
202413029349300101

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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