Totals
- Total revenue
- $16,595,322
- Total expenses
- $22,909,834
- Contributions and grants received
- $15,225,499
- Grants paid
- $9,084,238
- Program service revenue
- $0
- Investment income
- $1,369,823
- Other revenue
- $0
- Total assets, end of year
- $80,525,812
- Total liabilities, end of year
- $1,185,037
- Net assets or fund balances, end of year
- $79,340,775
- Program services expenses (Part IX)
- $18,839,072
- Management and general expenses
- $3,722,589
- Fundraising expenses
- $348,173
- Program service expenses (Part III)
- $18,839,072
Program services were 82.2% 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
$15,225,499
-
1g · Noncash contributions included above
$882,865
-
3 · Investment income
total $1,337,543 · excluded $1,337,543
-
7a · Gross sales of assets other than inventory
other assets $882,865
-
7b · Less cost or other basis and sales expenses
other assets $850,585
-
7c · Gain or loss
other assets $32,280
-
7d · Net gain or loss
total $32,280 · excluded $32,280
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,084,238 · program services $9,084,238
-
5 · Compensation of officers, directors and key employees
total $1,667,328 · program services $1,179,285 · management and general $488,043
-
7 · Other salaries and wages
total $3,213,224 · program services $1,893,515 · management and general $1,319,709
-
9 · Other employee benefits
total $479,930 · program services $288,780 · management and general $191,150
-
10 · Payroll taxes
total $338,265 · program services $209,885 · management and general $128,380
-
11a · Fees: management
total $3,020,604 · program services $1,872,161 · management and general $822,018 · fundraising $326,425
-
11b · Fees: legal
total $80,920 · management and general $80,920
-
11c · Fees: accounting
total $38,404 · management and general $38,404
-
12 · Advertising and promotion
total $1,000,500 · program services $989,500 · management and general $11,000
-
13 · Office expenses
total $139,740 · program services $67,248 · management and general $71,921 · fundraising $571
-
14 · Information technology
total $156,883 · program services $34,905 · management and general $121,978
-
16 · Occupancy
total $17,812 · program services $2,095 · management and general $15,118 · fundraising $599
-
17 · Travel
total $437,247 · program services $228,940 · management and general $199,284 · fundraising $9,023
-
19 · Conferences, conventions and meetings
total $4,109 · program services $1,930 · management and general $2,179
-
22 · Depreciation, depletion and amortization
total $11,428 · management and general $11,428
-
23 · Insurance
total $106,058 · management and general $106,058
-
24a · Other expenses: OTHER EVENT EXPENSES
total $3,113,144 · program services $2,986,590 · management and general $114,999 · fundraising $11,555
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $35,161,351 · end of year $44,853,905
-
3 · Pledges and grants receivable
beginning of year $53,480,279 · end of year $34,906,276
-
4 · Accounts receivable
beginning of year $109,088 · end of year $1,786
-
9 · Prepaid expenses and deferred charges
beginning of year $187,202 · end of year $721,100
-
15 · Other assets
beginning of year $33,393 · end of year $42,745
-
17 · Accounts payable and accrued expenses
beginning of year $500,141 · end of year $650,037
-
18 · Grants payable
beginning of year $2,815,885 · end of year $535,000
-
27 · Net assets without donor restrictions
beginning of year $82,664,935 · end of year $78,205,769
-
28 · Net assets with donor restrictions
beginning of year $2,990,352 · end of year $1,135,006
Mission and programs · 2023
Mission
SEE SCHEDULE O.
Activities or mission (Part I)
THE ASIAN AMERICAN FOUNDATION'S (TAAF) SERVES THE AAPI COMMUNITY IN THEIR PURSUIT OF BELONGING AND PROSPERITY THAT IS FREE FROM DISCRIMINATION, SLANDER AND VIOLENCE, IN FURTHERANCE OF ITS CHARITABLE MISSION TAAF CONDUCTS
-
SEE SCHEDULE O
Expenses $9,632,313 · Grants $6,639,397
-
SEE SCHEDULE O
Expenses $1,877,183 · Grants $1,276,222
-
SEE SCHEDULE O
Expenses $4,300,990 · Grants $965,925
-
RESOURCES & REPRESENTATIONTAAF'S RESOURCES & REPRESENTATION INITIATIVES FOCUS ON UNLOCKING RESOURCES THROUGH THE AAPI GIVING CHALLENGE AND STRENGTHENING AANHPI LEADERSHIP ACROSS INDUSTRIES. TAAF ENGAGES LEADERS THROUGH TAAF'S SIGNATURE BOARD AND C-SUITE STRATEGIES AND EMERGING EXECUTIVES THROUGH THE TAAF ERG NETWORK (TEN).TAAF ALSO WORKS WITH PARTNERS TO UNLOCK RESOURCES THROUGH THE AAPI GIVING CHALLENGE, A MULTI-YEAR CAMPAIGN THAT RALLIES, COMPANIES, FOUNDATIONS, AND INDIVIDUALS TO SUPPORT AANHPI COMMUNITIES AND CAUSES AND TAAF'S AWARD-WINNING NONPROFIT DATABASE, A DIGITAL PLATFORM THAT CONNECTS THE PUBLIC WITH AANHPI NONPROFITS ACROSS THE US.
Expenses $3,028,586 · Grants $202,694
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Norman ChenNORMAN CHEN
CEO AND DIRECTOR
- Total calculated
- $501,722
- From this org
- $501,722
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $501,722
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $501,722
-
Jerry YangJERRY YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Joe TsaiJOE TSAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Jonathan GreenblattJONATHAN GREENBLATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Joseph BaeJOSEPH BAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Li LuLI LU
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Peng ZhaoPENG ZHAO
DIRECTOR/TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Sheila MarceloSHEILA MARCELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Isabel KimISABEL KIM
CHIEF FINANCIAL OFFICER
- Total calculated
- $299,257
- From this org
- $299,257
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $287,803
- Bonus
- $0
- Other
- $11,454
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $299,257
-
Prisca BaePRISCA BAE
CHIEF PARTNERSHIPS OFFICER
- Total calculated
- $329,709
- From this org
- $329,709
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $316,287
- Bonus
- $0
- Other
- $13,422
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $329,709
-
Audrey YamamotoAUDREY YAMAMOTO
CHIEF OPERATING OFFICER
- Total calculated
- $294,805
- From this org
- $294,805
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,016
- Bonus
- $0
- Other
- $12,789
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $294,805
-
Georgette BhathenaGEORGETTE BHATHENA
CHIEF PROGRAM OFFICER
- Total calculated
- $241,835
- From this org
- $241,835
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,660
- Bonus
- $0
- Other
- $6,175
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $241,835
-
Joy MohJOY MOH
HEAD OF COMMUNICATIONS AND MARKETING
- Total calculated
- $229,622
- From this org
- $229,622
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,040
- Bonus
- $0
- Other
- $11,582
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $229,622
-
Rohit PaulROHIT PAUL
HEAD OF PEOPLE, TALENT AND CULTURE
- Total calculated
- $221,824
- From this org
- $221,824
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,240
- Bonus
- $0
- Other
- $11,584
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $221,824
-
Eugena OhEUGENA OH
REGIONAL DIRECTOR, GREATER NEW YORK CITY AREA
- Total calculated
- $187,881
- From this org
- $187,881
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,772
- Bonus
- $0
- Other
- $7,109
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $187,881
-
Sruthi ChandrasekaranSRUTHI CHANDRASEKARAN
DIRECTOR OF DATA AND RESEARCH
- Total calculated
- $154,727
- From this org
- $154,727
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,521
- Bonus
- $0
- Other
- $8,206
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $154,727
-
Terry ParkTERRY PARK
EDUCATION AND NARRATIVE CHANGE PROGRAM OFFICER
- Total calculated
- $130,789
- From this org
- $130,789
- From related orgs
- $0
- Other
- $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. 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 · Written employment contract
- 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
-
$500,000
TAAF ANTI-HATE INITIATIVE
-
CHINESE AMERICAN SERVICE LEAGUE
$500,000
TAAF ANTI-HATE INITIATIVE
-
TAAF ANTI-HATE INITIATIVE
-
$360,000
TAAF ANTI-HATE INITIATIVE
-
TAAF EDUCATION INITIATIVE
-
ASIAN AMERICAN RESOURCE WORKSHOP
$250,000
TAAF ANTI-HATE INITIATIVE
-
TAAF ANTI-HATE INITIATIVE
-
$250,000
TAAF NARRATIVE CHANGE INITIATIVE
-
THE ASIAN AMERICAN EDUCATION PROJECT
$250,000
TAAF EDUCATION INITIATIVE
-
THE NEW YORK TIMES COMMUNITY FUND
$250,000
TAAF NARRATIVE CHANGE INITIATIVE
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349315455
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.