Asia Society
- Assets
- $142.7m
- Revenue
- $32.3m
- Investments
- $56.7m
- Employees
- 167
- Location
- New York, NY
- Founding
- 08/1985
- Data as of
- 06/2021
- EIN
- 13-3234632
Organization Overview
Asia Society is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Asia Society employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asia Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Asia Society generated $32.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $28.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asia Society has awarded 653 individual grants totaling $9,491,658. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION, SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY AND BUSINESS PROGRAM DIVISION - THE ASIA SOCIETY POLICY INSTITUTE HAS BEEN RANKED IN THE TOP 1% OF THINK TANKS AROUND THE WORLD BY THE UNIVERSITY OF PENNSYLVANIA'S THINK TANKS AND CIVIL SOCIETY'S PROGRAM. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. FOR MORE INFORMATION, SEE SCHEDULE O.
ART AND CULTURAL PROGRAMS DIVISION - THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES, AND SYMPOSIA. FOR MORE INFORMATION, SEE SCHEDULE O.
EDUCATION AND LEADERSHIP PROGRAMS DIVISION - THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND K-12 YOUTH TOWARDS A BETTER UNDERSTANDING OF ASIA AND A MEANS TO EDUCATE THE NEXT GENERATION IN GLOBAL COMPETENCY WITH THE KNOWLEDGE AND SKILLS REQUIRED TO UNDERSTAND AND ACT ON GLOBAL ISSUES. IT DOES THIS BY ADVANCING TRANSFORMATIVE MODELS OF EDUCATION THAT PROMOTE GLOBAL COMPETENCY, FOSTERING GROWTH IN CHINESE LANGUAGE PROGRAMS AND CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE GLOBAL COMPETENCE AND HIGH ACHIEVEMENT. FOR MORE INFORMATION, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin M Rudd President & Ceo/president, Aspi | OfficerTrustee | 40 | $756,089 |
Josette M Sheeran Former President And CEO | 40 | $301,752 | |
Wendy Cutler Vp, Managing Dir. Washington, Dc | 40 | $284,972 | |
Orville Schell Vp, Ctr Us-China Rel/arthur Ross Dir | 40 | $284,180 | |
Daniel Russel Vp, Int'l Security & Diplomacy | 40 | $281,663 | |
Anthony Jackson - End 082021 Vp, Edu. & Dir. Ctr. For Global Edu. | Officer | 40 | $264,189 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nardello And Co Llc Legal Services | 6/29/22 | $114,387 |
Stormbreaker Llc Consulting | 6/29/22 | $203,550 |
Kpmg Llp Audit And Tax Services | 6/29/22 | $128,453 |
Two Tigers Productions Llc Consulting | 6/29/22 | $132,000 |
Universal Services Of America Lp Security Services | 6/29/22 | $112,589 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,076,613 |
| Fundraising events | $2,051,252 |
| Related organizations | $0 |
| Government grants | $3,524,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,594,175 |
| Noncash contributions included in lines 1a–1f | $1,990,507 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,246,569 |
| Total Program Service Revenue | $845,192 |
| Investment income | $783,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $167,444 |
| Net Rental Income | $185,232 |
| Net Gain/Loss on Asset Sales | $3,966,649 |
| Net Income from Fundraising Events | $34,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,108 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,268,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $890,200 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,761,682 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,715,618 |
| Compensation of current officers, directors, key employees. | $698,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,274,598 |
| Pension plan accruals and contributions | $422,914 |
| Other employee benefits | $1,416,908 |
| Payroll taxes | $881,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $713,252 |
| Fees for services: Accounting | $127,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,000 |
| Fees for services: Investment Management | $444,466 |
| Fees for services: Other | $2,991,077 |
| Advertising and promotion | $37,529 |
| Office expenses | $1,085,526 |
| Information technology | $811,234 |
| Royalties | $0 |
| Occupancy | $1,152,043 |
| Travel | $28,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,545 |
| Interest | $562,852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,770,492 |
| Insurance | $246,087 |
| All other expenses | $0 |
| Total functional expenses | $28,881,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,655,508 |
| Savings and temporary cash investments | $459,344 |
| Pledges and grants receivable | $11,653,409 |
| Accounts receivable, net | $470,561 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,498 |
| Prepaid expenses and deferred charges | $367,219 |
| Net Land, buildings, and equipment | $18,741,761 |
| Investments—publicly traded securities | $43,482,113 |
| Investments—other securities | $56,693,629 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,897 |
| Total assets | $142,731,939 |
| Accounts payable and accrued expenses | $2,463,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,633,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,667,933 |
| Total liabilities | $19,765,099 |
| Net assets without donor restrictions | -$137,884 |
| Net assets with donor restrictions | $123,104,724 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,731,939 |
Grants Awarded
Over the last fiscal year, Asia Society has awarded $323,544 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: JOINT RESEARCH PROJECT ON CHINA'S QUEST TO CONTROL DATA AND PRIVATE CORPORATION | $200,000 |
La Jolla, CA PURPOSE: TASK FORCE ON US-CHINA POLICY | $100,000 |
WEST ORANGE PUBLIC SCHOOLS PURPOSE: CHINESE LANGUAGE TEACHING AND LEARNING | $10,000 |
LAKE FOREST SCHOOL DISTRICT 67 PURPOSE: CHINESE LANGUAGE TEACHING AND LEARNING | $6,772 |
LAKE FOREST HIGH SCHOOL DISTRICT 115 PURPOSE: CHINESE LANGUAGE TEACHING AND LEARNING | $6,772 |
Grants Recieved
Over the last fiscal year, we have identified 71 grants that Asia Society has recieved totaling $7,928,360.
| Awarding Organization | Amount |
|---|---|
Stephen A Schwarzman Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,451,530 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR IMPROVING EQUITY AND DISMANTLING RACIALIZED OPPRESSION IN EDUCATION SYSTEMS | $517,214 |
Open Society Institute New York, NY PURPOSE: TO SUPPORT THE GRANTEES RESEARCH ON SECURITY ISSUES IN EAST ASIA | $368,000 |
Open Society Institute New York, NY PURPOSE: TO SUPPORT GRANTEE'S RESEARCH PROJECT ON TECHNOLOGY AND INNOVATION IN EAST ASIA | $320,000 |
Queens Road Foundation Inc PURPOSE: GENERAL SUPPORT | | $315,020 |
Shoreland Foundation Inc Lloyd Harbor, NY PURPOSE: GENERAL PROGRAM | $285,000 |
Endowment Analysis
| Beg. Balance | $94,301,820 |
| Earnings | -$11,728,747 |
| Other Expense | $4,862,676 |
| Ending Balance | $77,710,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Society New York, NY | $142,731,939 | $32,268,981 |
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Middle East Forum Philadelphia, PA | $5,601,334 | $8,052,985 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |