Form 990 for tax year 2023

Totals

Total revenue

$200,826

Total expenses

$197,032

Contributions and grants received

$220,017

Grants paid

$11,711

Program service revenue

$0

Investment income

$0

Other revenue

-$19,191

Total assets, end of year

$109,861

Total liabilities, end of year

$61

Net assets or fund balances, end of year

$109,800

Program services expenses (Part IX)

$124,934

Management and general expenses

$50,079

Fundraising expenses

$22,019

Program service expenses (Part III)

$124,934

Program services were 63.4% 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.

Mission and programs · 2023

• 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 GROWTH ACROSS THE COUNTRY, 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 $47,773 · Grants $2,793 · Revenue $1,199

• 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 $65,009 · Grants $2,100

• 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.

  Expenses $12,152 · Grants $6,818

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

15 November 2024

IRS schema version

2023v5.0

Source object

202443209349320554

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

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