Asian American Arts Alliance
- Assets
- $1.2m
- Revenue
- $931.8k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 13-3480189
Organization Overview
Asian American Arts Alliance is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Asian American Arts Alliance employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Arts Alliance 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 American Arts Alliance generated $931.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $643.7k during the year ending 12/2023. While expenses have increased by 19.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ALLIANCE IS DEDICATED TO ENSURING GREATER REPRESENTATION, EQUITY AND OPPORTUNITIES FOR ASIAN AMERICAN ARTISTS AND CULTURAL ORGANIZATIONS THROUGH RESOURCE SHARING, PROMOTION AND COMMUNITY BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASIAN AMERICAN ARTS ALLIANCES A4 CORE PROGRAMMING INCLUDES 1 TOWN HALL BI-MONTHLY PROGRAM IN WHICH ASIAN AMERICAN ARTISTS AND ORGANIZATIONS PITCH THEIR WORK IN A SAFE COMMUNITY SPACE TO FIND COLLABORATORS AND PROMOTE PROJECTS AND OPPORTUNITIES 2 PROFESSIONAL DEVELOPMENT AND CONVERSAATION SERIES THAT PROVIDE OPPORTUNITIES FOR PEER DISCUSSION, PRACTICAL LEARNING, AND CRITICAL FEEDBACK 3 FELLOWSHIPS, RESIDENCIES AWARDS VAN LIER AND JADIN WONG FELLOWSHIPS TO HELP EMERGING ARTISTS TO DEVELOP THEIR TALENT AND HELP ESTABLISH THEM IN THE PROFESSIONAL ARTS COMMUNITY, AND BANDUNG RESIDENCY TO PROMOTE BLACK AND ASIAN AMERICAN SOLIDARITY, WHAT CAN WE DO GRANTS TO ENCOURAGE CREATIVE ACTS OF COMMUNITY CARE 4 CIVIC ENGAGEMENT TO BRING FORTH THE VOICES OF ASIAM AMERICAN ARTISTS AND ARTS LEADERS AT LOCAL, REGIONAL, AND NATIONAL LEVELS IN ARTS ARENAS THROUGH ADVOCACY PROJECTS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Gold Executive Director | Officer | 40 | $82,794 |
Reena Jana President | OfficerTrustee | 0.75 | $0 |
Tariq Ahmad Secretary | OfficerTrustee | 0.5 | $0 |
Kelin Li Treasurer | OfficerTrustee | 0.5 | $0 |
Ronald D Lee Director Resigned In January 2023 | Trustee | 0.25 | $0 |
Alan Lo Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $140,436 |
| Related organizations | $0 |
| Government grants | $282,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,686 |
| Noncash contributions included in lines 1a–1f | $70,319 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $966,167 |
| Total Program Service Revenue | $2,484 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $931,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,491 |
| Compensation of current officers, directors, key employees. | $32,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,425 |
| Payroll taxes | $27,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,593 |
| Advertising and promotion | $1,984 |
| Office expenses | $12,559 |
| Information technology | $3,323 |
| Royalties | $0 |
| Occupancy | $9,634 |
| Travel | $3,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,200 |
| Insurance | $2,572 |
| All other expenses | $201 |
| Total functional expenses | $643,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,765 |
| Savings and temporary cash investments | $100,110 |
| Pledges and grants receivable | $451,958 |
| Accounts receivable, net | $281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,999 |
| Prepaid expenses and deferred charges | $1,811 |
| Net Land, buildings, and equipment | $7,800 |
| Investments—publicly traded securities | $400,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,031 |
| Total assets | $1,219,755 |
| Accounts payable and accrued expenses | $22,377 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,465 |
| Total liabilities | $51,842 |
| Net assets without donor restrictions | $826,513 |
| Net assets with donor restrictions | $341,400 |
| 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 | $1,219,755 |