Form 990 for tax year 2023

Filed by ASIA SOCIETY NORTHERN CALIFORNIA.

Totals

Total revenue: $1,290,694
Total expenses: $1,819,133
Contributions and grants received: $1,456,390
Grants paid: $0
Program service revenue: $0
Investment income: $10,791
Other revenue: -$176,487
Total assets, end of year: $4,223,703
Total liabilities, end of year: $355,921
Net assets or fund balances, end of year: $3,867,782
Program services expenses (Part IX): $654,338
Management and general expenses: $855,260
Fundraising expenses: $309,535
Program service expenses (Part III): $654,338

Program services were 36.0% 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.

1b · Membership dues

$183,113
1c · Fundraising events

$434,721
1e · Government grants (contributions)

$35,000
1f · All other contributions, gifts and grants

$803,556
1g · Noncash contributions included above

$106,835
3 · Investment income

total $10,791 · excluded $10,791
8a · Fundraising events: gross income

$130,250
8a · Fundraising events: contributions included on line 1c

$434,721
8b · Fundraising events: direct expenses

$309,948
8c · Net income from fundraising events

total -$179,698 · excluded -$179,698
11a · Other revenue: MISCELLANEOUS REVENUE

total $3,211 · excluded $3,211
11e · Other revenue, total

$3,211

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $306,010 · program services $99,837 · management and general $127,922 · fundraising $78,251
7 · Other salaries and wages

total $331,711 · program services $206,188 · management and general $21,223 · fundraising $104,300
9 · Other employee benefits

total $79,853 · program services $41,966 · management and general $15,153 · fundraising $22,734
10 · Payroll taxes

total $139,253 · program services $67,531 · management and general $31,884 · fundraising $39,838
11b · Fees: legal

total $26,990 · management and general $26,990
11c · Fees: accounting

total $81,630 · management and general $81,630
11g · Fees: other

total $179,799 · program services $28,397 · management and general $146,890 · fundraising $4,512
13 · Office expenses

total $21,483 · program services $863 · management and general $20,620
14 · Information technology

total $12,797 · management and general $12,797
16 · Occupancy

total $209,048 · program services $60,301 · management and general $88,847 · fundraising $59,900
17 · Travel

total $59,143 · program services $21,313 · management and general $37,830
22 · Depreciation, depletion and amortization

total $3,222 · management and general $3,222
23 · Insurance

total $17,609 · management and general $17,609
24a · Other expenses: PROGRAM PRODUCTION

total $167,428 · program services $111,839 · management and general $55,589
24b · Other expenses: MISCELLANEOUS

total $95,525 · program services $15,150 · management and general $80,375
24c · Other expenses: SUBSCRIPTIONS

total $72,753 · program services $488 · management and general $72,265
24d · Other expenses: MEALS AND ENTERTAINMENT

total $9,260 · program services $66 · management and general $9,194
24e · All other expenses

total $5,619 · program services $399 · management and general $5,220

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $400,000 · end of year $395,084
2 · Savings and temporary cash investments

beginning of year $1,334,305 · end of year $1,534,722
3 · Pledges and grants receivable

beginning of year $2,572,752 · end of year $1,921,473
9 · Prepaid expenses and deferred charges

beginning of year $52,239 · end of year $17,995
10a · Land, buildings and equipment: cost or other basis

$76,493
10b · Land, buildings and equipment: accumulated depreciation

$69,633
10c · Land, buildings and equipment, net

beginning of year $10,082 · end of year $6,860
15 · Other assets

beginning of year $515,757 · end of year $347,569
17 · Accounts payable and accrued expenses

beginning of year $82,257 · end of year $125,105
25 · Other liabilities

beginning of year $406,657 · end of year $230,816
27 · Net assets without donor restrictions

beginning of year $1,515,879 · end of year $1,787,440
28 · Net assets with donor restrictions

beginning of year $2,880,342 · end of year $2,080,342

Mission and programs · 2023

Mission

ASIA SOCIETY NORTHERN CALIFORNIA IS ONE OF 16 GLOBAL CENTERS WITH A PURPOSE OF NAVIGATING SHARED FUTURES FOR ASIA AND THE WORLD ACROSS POLICY, ARTS AND CULTURE, EDUCATION, SUSTAINABILITY, BUSINESS, AND TECHNOLOGY. OUR MISSION IS TO FOSTER INSIGHT, ENCOURAGE ENGAGEMENT, ELEVATE REGIONAL VOICES, INFORM AND EDUCATE NEW AUDIENCES, ADDRESS COMPLEX - AND WHERE NECESSARY - CONTENTIOUS CHALLENGES, ENGAGE IN CREATIVE PROBLEM-SOLVING, AND HELP DELIVER REAL SOLUTIONS FOR THE BENEFIT OF ALL. ASIA SOCIETY NORTHERN CALIFORNIA IS NONPARTISAN, NONPROFIT, AND IS UNIQUELY POSITIONED ON THE EDGE OF THE PACIFIC AND AT THE ENTRANCE TO SILICON VALLEY. THE CENTER PROVIDES ITS MEMBERS AN OPPORTUNITY TO BECOME PART OF OUR GLOBAL NETWORK TO HELP SHAPE A PROSPEROUS, SUSTAINABLE, AND SECURE FUTURE FOR US ALL.

Activities or mission (Part I)

PUBLIC PROGRAMS - PROGRAM SERVICES - ASIA SOCIETY NORTHERN CALIFORNIA & SEATTLE CONNECT THEIR DIVERSE LOCAL COMMUNITIES WITH A WIDE NETWORK OF GLOBAL LEADERS AND VISIONARIES IN THE FIELDS OF POLICY, BUSINESS, ARTS & CULTURE, EDUCATION, AND TECHNOLOGY/INNOVATION. THROUGH LARGE CONFERENCES, PUBLIC EVENTS, BRIEFINGS, PANEL DISCUSSIONS, CULTURAL PROGRAMS, AND NETWORKING EVENTS AND DINNERS, ASIA SOCIETY NORTHERN CALIFORNIA & SEATTLE PRESENT TIMELY AND RELEVANT FORUMS FOR EDUCATING AND ENGAGING THE PUBLIC ABOUT THE CRITICAL ISSUES FACING THE UNITED STATES, ASIA, AND THE WORLD.

Expenses $556,257
SIGNATURE PROGRAM FUTURE US CHINA CONFERENCE - FOR SIX CONSECUTIVE YEARS, ASIA SOCIETY NORTHERN CALIFORNIA MEMBERS, VIPS, AND GUESTS HAVE COME TOGETHER FOR A FULL DAY OF LIVE PROGRAMMING FOR OUR ANNUAL FUTURE OF U.S. & CHINA CONFERENCE, PART OF OUR SEEKING TRUTH THROUGH FACTS U.S.-CHINA PROGRAM SERIES. THIS CONFERENCE CONSISTS OF MULTIPLE PANELS FEATURING APPROX. 20 TOP LEADING VOICES ACROSS THE FIELDS OF BUSINESS, GOVERNMENT, TECHNOLOGY, ACADEMIA, AND ENTREPRENEURSHIP TO DISCUSS, ANALYZE AND DEBATE THE PRESSING ISSUES FACING THE WORLD INCLUDING GENERATIVE AI, TRADE, THE ECONOMY, GEOPOLITICS, AND MORE. THIS YEAR'S CONFERENCE INCLUDED AN ADDITIONAL POST-CONFERENCE ROUNDTABLE DEBRIEF EVENT IN SEATTLE.

Expenses $63,904
EXECUTIVE ROUNDTABLES - ASIA SOCIETY NORTHERN CALIFORNIA & SEATTLE HOST PRIVATE EXECUTIVE ROUNDTABLES EVERY MONTH WITH INDUSTRY LEADERS IN SAN FRANCISCO, SILICON VALLEY, SEATTLE AND ONLINE. PROGRAM TOPICS ARE AROUND HEADLINE NEWS, BUSINESS ANALYSIS, AND CRITICAL ISSUES COMING OUT OF ASIA. LAUNCHED IN SEPTEMBER 2017, THESE MONTHLY BRIEFINGS HAVE GROWN IN POPULARITY TO GENERATE WAIT-LISTS. MOST EVENTS ARE OFF-THE-RECORD TO ENCOURAGE OPEN DEBATE AND DISCUSSION.

Expenses $22,410
SIGNATURE HALF-DAY INDIA CONFERENCE - FOR THREE YEARS, ASIA SOCIETY NORTHERN CALIFORNIA HAS HOSTED A HALF-DAY CONFERENCE IN SILICON VALLEY ON THE TOPIC EXAMINING U.S.-INDIA RELATIONS. LAUNCHED IN APRIL 2022, THIS SERIES PAYS TRIBUTE TO THE LEGACY OF OUR LONG-TIME AND BELOVED ADVISORY BOARD MEMBER, NAREN GUPTA (1948-2021) AND ADDRESSES THE TOPICS CLOSEST TO HIS HEART: BUSINESS, ENTREPRENEURSHIP, AND CULTIVATING THE NEXT GENERATION OF INNOVATIVE LEADERS, ESPECIALLY THOSE HAILING FROM INDIA. OUR 2024 CONFERENCE AGENDA INCLUDED SESSIONS ON INDIA'S ELECTIONS, THE U.S.-INDIA PARTNERSHIP, A.I. INVESTMENT & TECH, AND A KEYNOTE BY THE U.S. AMBASSADOR TO INDIA. SAM TALKS: SEATTLE SPEAKER SERIES. OUR SEATTLE CENTER DEVELOPED THIS SERIES WITH THE SEATTLE ASIAN ART MUSEUM DESIGNED AND DEDICATED TO PROMOTING UNDERSTANDING OF ASIA AND THE ASIA DIASPORA. WITH THREE EVENTS EACH YEAR, WE HOST SPEAKERS, ARTISTS, MUSICIANS AND LIVE PERFORMERS FOR AN AUDIENCE OF 200 PEOPLE.

Expenses $11,767

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

Listed in Part VII

Gary RieschelGARY RIESCHEL

CHAIR

Total calculated

$0

Hours/week

1
Yitz ApplbaumYITZ APPLBAUM

BOARD MEMBER

Total calculated

$0

Hours/week

1
Nicole BelytschkoNICOLE BELYTSCHKO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Buck GeeBUCK GEE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Naren GuptaNAREN GUPTA

BOARD MEMBER THRU 11/2023

Total calculated

$0

Hours/week

1
Vinita GuptaVINITA GUPTA

BOARD MEMBER START 11/2023

Total calculated

$0

Hours/week

1
C Richard KramlichC RICHARD KRAMLICH

BOARD MEMBER

Total calculated

$0

Hours/week

1
Frank LavinFRANK LAVIN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Eric LoebERIC LOEB

BOARD MEMBER

Total calculated

$0

Hours/week

1
Melissa MaMELISSA MA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jack McCauleyJACK MCCAULEY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Tom RobertsonTOM ROBERTSON

BOARD MEMBER START 11/2023

Total calculated

$0

Hours/week

1
Susan RoosSUSAN ROOS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Andy TsaoANDY TSAO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Magdalen YumMAGDALEN YUM

BOARD MEMBER

Total calculated

$0

Hours/week

1
Margaret ConleyMARGARET CONLEY

EXEC. DIR. / SEC. / TREAS.

Total calculated

$222,550

From this org

$192,831

From related orgs

$0

Other

$29,719

Hours/week

40

Schedule J breakdown matched by us

Base

$192,831

Bonus

$0

Other

$0

Deferred

$15,848

Nontaxable benefits

$13,871

Filer's total

$222,550
Divya JhawarDIVYA JHAWAR

SENIOR ACCOUNTANT START 12/2023

Total calculated

$2,680

From this org

$2,680

From related orgs

$0

Other

$0

Hours/week

20

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 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

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: 30 April 2025
IRS schema version: 2023v6.0
Source object: 202531209349303283

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

The source document this was parsed from is served over the API, which is where bulk and document access live.