Asian Financial Society
- Assets
- $124.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Church Street Station, NY
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 13-3471772
Organization Overview
Asian Financial Society is located in Church Street Station, NY. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Financial 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 12/2023, Asian Financial Society generated $4.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $6.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
03/17/2023* TRADING FLOOR TOUR AT TIAA NUVEEN KEVIN CHEN & OPPORTUNITIES ON THE BUYSIDE 07/27/2023 COMMUNICATION & PUBLIC SPEAKING CHUCK GARCIA 08/03/2023 FINTECH & INSURTECH MING QIU 08/10/2023 STRUCTURED FINANCE JOHN JIANG 08/17/2023* HAPPY HOUR AT SPRING PLACE VAGEESH,CHENGYIN 08/24/2023 REGULATING AI ARNOLD CHU 08/31/2023* BANKING DEBACLE, OPPORTUNITIES & RISKS THOMAS HO 09/28/2023* AFS INVESTMENT CLUB POWER LUNCH DAYONG LIU 10/21/2023* HIKING TRIP DAYONG LIU 11/16/2023* DINNER FOR FRANCIS BASSOLINO AC, JX, DL, FM 11/23/2023* THANKSGIVING DINNER AT DR. HO FRANK 12/06/2023* HOLIDAY PARTY JANE WENG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Mah Chair | 10 | $0 | |
Yuejuan Weng President | 8 | $0 | |
Chengying Xiu Director | 2 | $0 | |
David Liu Secretary | 2 | $0 | |
Leon Li Director | 4 | $0 | |
Arnold Chu Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,983 |
| Total Program Service Revenue | $1,063 |
| Membership dues | $96 |
| Investment income | $101 |
| Gain or Loss | -$2,961 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,282 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $2,073 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,356 |
| Occupancy, rent, utilities, and maintenance | $478 |
| Printing, publications, postage, and shipping | $164 |
| Other expenses | $1,090 |
| Total expenses | $6,161 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,459 |
| Other assets | $0 |
| Total assets | $124,459 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,459 |