Asian American Society Of Central Virginia
- Assets
- $156.2k
- Revenue
- $43.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1999
- Data as of
- 06/2023
- EIN
- 31-1600324
Organization Overview
Asian American Society Of Central Virginia is located in Richmond, VA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Society Of Central Virginia 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 06/2023, Asian American Society Of Central Virginia generated $43.9k 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 (3.4%) each year. All expenses for the organization totaled $71.7k during the year ending 06/2023. 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
TO PROMOTE UNITY, HARMONY, AND DIVERSITY IN THE CENTRAL VIRGINIA REGION. THROUGH VARIOUS CULTURAL CELEBRATIONS AND ACTIVE PARTICIPATION IN VARIOUS COMMUNITY EVENTS AND INITIATIVES, THE SOCIETY RAISES AWARENESS AND RECOGNITION OF ASIAN HERITAGE AND PROMOTES CULTURAL DIVERSITY IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASIAN AMERICAN CELEBRATIONTHIS IS AN EVENT THAT IS HELD ON A YEARLY BASIS AT THE GREATER RICHMOND CONVENTION CENTER IN THE MONTH OF MAY. AS THE NAME SUGGESTS, IT IS HELD TO CELEBRATE OUR DIVERSE ASIAN AMERICAN HERITAGE IN THE GREATER RICHMOND METROPOLITAN AREA. THIS EVENT PROVIDES AN EXCELLENT OPPORTUNITY FOR ALL OUR ASIAN MEMBER COMMUNITIES TO DISPLAY THEIR OWN CULTURAL ARTIFACTS, TRADITIONAL CLOTHES, HANDMADE REPLICAS AND THE LIKE TO BE PUT ON DISPLAY IN EACH COMMUNITIES CULTURAL BOOTH. EACH MEMBER COMMUNITY ALSO HAS A HANDS-ON BOOTH AS WELL, WHICH PROVIDES A RANGE OF FUN BUT EDUCATIONAL GAMES FOR CHILDREN.
ASIAN MUSIC IN CONCERTTHIS IS AN EVENT HELD AT THE VIRGINIA MUSEUM OF HISTORY AND CULTURE WITH MUSIC PERFORMED BY VARIOUS CULTURAL COMMUNITIES DISPLAYING TRADITIONAL DANCES, SONGS, AND TRADITIONS FROM ALL OVER THE WORLD.
OTHER GRANTS AND PROGRAMS INCLUDING:AFGHAN REFUGEES & BOOK PUBLISHING PROGRAMS. AFGHAN REFUGEES - A CONTINUING PROGRAM WE STARTED THIS YEAR WHERE WE PARTNERED WITH REESTABLISH RICHMOND IN ASSISTING AFGHAN REFUGEES IN THEIR RESETTLEMENT, BY PROVIDING FINANCIAL AIDS, DONATING GOODS AND FINDING JOBS. BOOK PUBLISHING - THIS ONGOING PROGRAM WAS CREATED TO SET UP A REFERENCE MATERIAL/BOOK TO BE PROVIDED TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aiyana Bradshaw Board Member | Trustee | 13 | $0 |
Amrit Khadka Board Member | Trustee | 13 | $0 |
Angie Sewsen Kua Board Member | Trustee | 13 | $0 |
Aya Mya Hlaing Board Member | Trustee | 13 | $0 |
Cathy Pham Board Member | Trustee | 13 | $0 |
Dr Jinxing Yu Board Member | Trustee | 13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,898 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,898 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,832 |
| Insurance | $1,012 |
| All other expenses | $25,435 |
| Total functional expenses | $71,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,095 |
| Savings and temporary cash investments | $81,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,240 |
| Accounts payable and accrued expenses | $12,308 |
| 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 | $23,593 |
| Total liabilities | $35,901 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $120,339 |
| Total liabilities and net assets/fund balances | $156,240 |