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Nonprofiteer
← ASIAN AMERICAN JOURNALISTS ASSOCIATION

Form 990 for tax year 2023

Filed by ASIAN AMERICAN JOURNALISTS ASSOCIATION.

Totals

Total revenue
$5,023,485
Total expenses
$2,509,676
Contributions and grants received
$4,319,444
Grants paid
$81,474
Program service revenue
$554,079
Investment income
$9,676
Other revenue
$140,286
Total assets, end of year
$8,922,632
Total liabilities, end of year
$266,969
Net assets or fund balances, end of year
$8,655,663
Program services expenses (Part IX)
$1,001,118
Management and general expenses
$910,500
Fundraising expenses
$598,058
Program service expenses (Part III)
$1,001,118

Program services were 39.9% 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.

  • 1c · Fundraising events

    $866,600

  • 1f · All other contributions, gifts and grants

    $3,452,844

  • 2a · Program service revenue: PROGRAM REVENUE

    total $554,079 · related or exempt $554,079

  • 3 · Investment income

    total $9,676 · excluded $9,676

  • 8a · Fundraising events: gross income

    $339,390

  • 8a · Fundraising events: contributions included on line 1c

    $866,600

  • 8b · Fundraising events: direct expenses

    $199,104

  • 8c · Net income from fundraising events

    total $140,286 · excluded $140,286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,625 · program services $7,625

  • 2 · Grants to domestic individuals

    total $73,849 · program services $73,849

  • 5 · Compensation of officers, directors and key employees

    total $155,000 · program services $77,500 · management and general $15,500 · fundraising $62,000

  • 7 · Other salaries and wages

    total $360,407 · program services $133,147 · management and general $200,410 · fundraising $26,850

  • 9 · Other employee benefits

    total $49,889 · management and general $49,889

  • 10 · Payroll taxes

    total $40,553 · management and general $40,553

  • 11b · Fees: legal

    total $31,718 · management and general $31,718

  • 11c · Fees: accounting

    total $110,000 · management and general $110,000

  • 11e · Fees: professional fundraising services

    total $165,600 · fundraising $165,600

  • 11g · Fees: other

    total $539,273 · program services $375,580 · management and general $163,693

  • 13 · Office expenses

    total $26,433 · program services $160 · management and general $23,386 · fundraising $2,887

  • 14 · Information technology

    total $26,679 · management and general $26,679

  • 16 · Occupancy

    total $56,735 · management and general $56,735

  • 17 · Travel

    total $53,304 · program services $25,079 · management and general $19,557 · fundraising $8,668

  • 19 · Conferences, conventions and meetings

    total $422,007 · program services $74,068 · management and general $23,056 · fundraising $324,883

  • 21 · Payments to affiliates

    total $38,348 · management and general $38,348

  • 23 · Insurance

    total $14,547 · management and general $14,547

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $158,928 · program services $129,833 · management and general $29,095

  • 24b · Other expenses: OTHER MISCELLANEOUS EXP

    total $79,918 · program services $51,755 · management and general $27,393 · fundraising $770

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $34,701 · program services $34,701

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $33,660 · management and general $27,260 · fundraising $6,400

  • 24e · All other expenses

    total $30,502 · program services $17,821 · management and general $12,681

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,506,096 · end of year $4,325,073

  • 3 · Pledges and grants receivable

    beginning of year $395,785 · end of year $505,091

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,800 · end of year $120,079

  • 10a · Land, buildings and equipment: cost or other basis

    $17,566

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,566

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $4,107,383 · end of year $3,972,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $409,161 · end of year $266,969

  • 27 · Net assets without donor restrictions

    beginning of year $4,790,721 · end of year $7,835,481

  • 28 · Net assets with donor restrictions

    beginning of year $820,182 · end of year $820,182

Mission and programs · 2023

Mission

TO PROVIDE AND MAINTAIN PROGRAMS FOR PROFESSIONALS AND STUDENTS. PROFESSIONAL PROGRAMS INCLUDE MULTIMEDIA TRAINING OPPORTUNITIES, EXECUTIVE LEADERSHIP PROGRAMS, AND FELLOWSHIPS. STUDENT PROGRAMS INCLUDE MEDIA INTERNSHIPS, JOURNALISM TRAINING INTERNSHIP GRANTS, AND JOURNALISM SCHOLARSHIPS.

Activities or mission (Part I)

TO ENCOURAGE ASIAN AMERICANS AND PACIFIC ISLANDERS TO ENTER THE RANKS OF JOURNALISM, WORK FOR FAIR AND ACCURATE COVERAGE, INCREASE THE NUMBER OF JOURNALISTS AND NEWS MANAGERS IN THE INDUSTRY.

  • DURING THE COVID PANDEMIC AND THEREAFTER, AAJA CONTINUED TO ADAPT TO VIRTUAL MEETINGS, TO HELP THOSE IN THE JOURNALISM INDUSTRY HANDLE THE MANY CHALLENGES. VIA ZOOM MEETINGS, WE WERE ABLE TO STAY CONNECTED, ENCOURAGE AND PRESENT OUR EDUCATIONAL MATERIAL. OUR ANNUAL CONFERENCE WAS A GREAT SUCCESS AGAIN THIS YEAR, WITH STRONG SPONSORSHIP AND PARTICIPATION.

    Expenses $927,269 · Grants $7,625 · Revenue $554,079

  • SCHOLARSHIP PROGRAM: AAJA PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS COMMITTED TO A CAREER IN JOURNALISM. THE PROGRAM IS OPEN TO ALL STUDENTS. JOURNALISM SCHOLARSHIPS, INTERNSHIP GRANTS, MEDIA INTERNSHIPS, JOURNALISM TRAINING AND GRADUATE SCHOOL SCHOLARSHIPS ARE ALL AVAILABLE.

    Expenses $73,849 · Grants $73,849

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

Listed in Part VII

  • Nicole Dungca

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Frank Bi

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Kris Vera-Phillips

    VICE PRESIDENT, JOURNALISM

    Total calculated
    $0
    Hours/week
    4

  • Marian C Liu

    VICE PRESIDENT, CIVIC ENGAGEMENTS

    Total calculated
    $0
    Hours/week
    4

  • Jin Ding

    VICE PRESIDENT, FINANCE

    Total calculated
    $0
    Hours/week
    4

  • Shirley Qiu

    VICE PRESIDENT, COMMUNICATIONS

    Total calculated
    $0
    Hours/week
    4

  • Anika Varty

    SMALL/MEDIUM CHAPTER REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    4

  • Daigo Fujiwara-Smith

    SMALL/MEDIUM CHAPTER REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    4

  • Moriah Balingit

    LARGE CHAPTER REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    4

  • Aric Johnson

    AT-LARGE CHAPTER REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    4

  • Chris Nguyen

    AT-LARGE CHAPTER REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    4

  • Naomi Tacuyan Underwood

    EXECUTIVE DIRECTOR

    Total calculated
    $165,000
    From this org
    $155,000
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,000
    Filer's total
    $165,000

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 · Form 990 of other organizations
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202423209349308702

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