Association For Asian Studies Inc
- Assets
- $14.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Ann Arbor, MI
- Founding
- 05/1958
- Data as of
- 12/2021
- EIN
- 38-1615380
Organization Overview
Association For Asian Studies Inc is located in Ann Arbor, MI. The organization was established in 1958. According to its NTEE Classification (V03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Social Science and related organizations. As of 12/2021, Association For Asian Studies Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Asian Studies Inc 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 12/2021, Association For Asian Studies Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT DEDICATED TO THE ADVANCEMENT OF THE FIELD OF ASIAN STUDIES THROUGH INTERNATIONAL EXCHANGE, NETWORKING, PUBLICATIONS, RESEARCH SUPPORT AND CAREER DEVELOPMENT.
Describe the Organization's Program Activity:
MEETING AND CONFERENCES TO FACILITATE CONTACT AND EXCHANGE OF INFORMATION AMONG SCHOLARS TO INCREASE THE UNDERSTANDING OF ASIA. THE ASSOCIATION CONDUCTS NUMEROUS REGIONAL AND COUNCIL MEETINGS AND AN ANNUAL MEETING FOR OVER 3,000 MEMBERS AND NON-MEMBERS.
PUBLICATIONS INCLUDING THE JOURNAL OF ASIAN STUDIES, BIBLIOGRAPHY OF ASIAN STUDIES, EDUCATION ABOUT ASIA, AND PUBLICATION DEVELOPED FOR MEMBERS AND SUBSCRIBERS, CIRCULATIONS OF THE JOURNAL IS APPROXIMATELY 7,000.
OTHER ACTIVITY ADMINISTRATION OF GRANTS, PRIZES, ENDOWMENTS, AND BOARD OF DIRECTORS' DESIGNATED FUNDS EARMARKED FOR SPECIFIC PURPOSES RELATED TO THE STUDY OF ASIA. THESE ACTIVITIES ARE PART OF THE ASSOCIATION'S ADMINISTRATIVE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Finchum-Sung Ex Officio | OfficerTrustee | 40 | $107,567 |
Christine R Yano Past Past President | OfficerTrustee | 2 | $0 |
Hy V Luong Past President | OfficerTrustee | 2 | $0 |
Don J Wyatt Diversity & Equity Committee Chair | OfficerTrustee | 2 | $0 |
Jean Oi Vice President | Trustee | 2 | $0 |
Eunsook Jung Seac Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $489,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,435 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,033 |
| Total Program Service Revenue | $1,651,520 |
| Investment income | $381,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,729,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $144,997 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,567 |
| Compensation of current officers, directors, key employees. | $28,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $507,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,211 |
| Payroll taxes | $48,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,734 |
| Fees for services: Accounting | $204,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,274 |
| Advertising and promotion | $0 |
| Office expenses | $3,115 |
| Information technology | $122,543 |
| Royalties | $0 |
| Occupancy | $62,145 |
| Travel | $15,124 |
| 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 | $28,306 |
| Insurance | $24,293 |
| All other expenses | $113,849 |
| Total functional expenses | $2,241,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,500 |
| Accounts receivable, net | $330,683 |
| 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 | $104,590 |
| Net Land, buildings, and equipment | $3,493 |
| Investments—publicly traded securities | $13,589,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,847 |
| Other assets | $0 |
| Total assets | $14,845,256 |
| Accounts payable and accrued expenses | $932,674 |
| Grants payable | $0 |
| Deferred revenue | $1,015,737 |
| 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 | $103,962 |
| Total liabilities | $2,052,373 |
| Net assets without donor restrictions | $12,792,883 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $14,845,256 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Association For Asian Studies Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Henry Luce Foundation Inc New York, NY PURPOSE: TOWARD GLOBAL ASIAS: BRIDGING ASIAN AND ASIAN AMERICAN STUDIES AND EXPLORING AFRO-ASIAN AFFINITIES | $25,000 |
James P Geiss And Margaret Y Hsu Foundation Inc Princeton, NJ PURPOSE: PROJECT AWARD - GEISS HSU ANNUAL CONFERENCE TRAVEL GRANTPROJECT AWARD | $20,000 |
Henry Luce Foundation Inc New York, NY PURPOSE: TOWARD GLOBAL ASIAS: BRIDGING ASIAN AND ASIAN AMERICAN STUDIES AND EXPLORING AFRO-ASIAN AFFINITIES | $20,000 |
Asian Cultural Council Inc New York, NY PURPOSE: TO CONDUCT THE ASSOCIATION'S FIRST VIRTUAL FILM FESTIVAL | $15,000 |
Endowment Analysis
| Beg. Balance | $970,672 |
| Net Contributions | $8,356 |
| Ending Balance | $979,028 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Fellowship Foundation Wheeling, WV | $8,920,250 | $3,591,347 |
Missouri Corporation For Science And Technology Jefferson City, MO | $62,323,111 | $12,167,052 |
Civil-Military Innovation Institute Inc Morgantown, WV | $1,739,011 | $5,516,211 |
Keystone Research Center Inc Harrisburg, PA | $1,512,492 | $5,025,316 |
Research For Action Inc Philadelphia, PA | $5,562,128 | $5,214,535 |
Midwestern Higher Education Commission Minneapolis, MN | $6,945,692 | $5,714,621 |
Institute For Political Innovation Chicago, IL | $417,684 | $4,208,073 |
Patriotic Republic Chicago, IL | $3,805,673 | $272,368 |