Asian American Equal Opportunity Fund
- Assets
- $89.0m
- Revenue
- $100.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 85-2050585
Organization Overview
Asian American Equal Opportunity Fund is located in Washington, DC. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Asian American Equal Opportunity Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Equal Opportunity Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Asian American Equal Opportunity Fund has awarded 19 individual grants totaling $9,239,750. 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 ASIAN AMERICAN FOUNDATION'S (TAAF) SERVES THE AAPI COMMUNITY IN THEIR PURSUIT OF BELONGING AND PROSPERITY THAT IS FREE FROM DISCRIMINATION, SLANDER, AND VIOLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HATE CRIMES MONITORING AND PREVENTIONTHROUGH THE COORDINATED EFFORTS OF A NATIONAL NETWORK, ACTION CENTERS AND DATA & RESEARCH, TAAF IS ADDRESSING THE ONGOING HATE TOWARD THE AAPI COMMUNITY.
EDUCATION AND COMMUNITY OUTREACHADVANCING TAAF'S MISSION THROUGH EDUCATION SUPPORT AND NARRATIVE CHANGE IN AN EFFORT TO SERVE THE AAPI COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonal Shah Director/president | OfficerTrustee | 10 | $392,855 |
Prisca Bae Vice President | Officer | 10 | $247,469 |
Norman Chen Director/ceo | OfficerTrustee | 10 | $71,843 |
Li Lu Chairman | OfficerTrustee | 10 | $0 |
Peng Zhao Director/treasurer | OfficerTrustee | 10 | $0 |
Joe Tsai Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torch2014 Inc Production Services | 12/30/21 | $3,048,601 |
The Bridgespan Group Inc Management Consulting | 12/30/21 | $455,617 |
Wieden Kennedy New York Production Services | 12/30/21 | $664,121 |
Enfranchisement Productions Llc Management Consulting | 12/30/21 | $459,500 |
Brunswick Group Communications Consulting | 12/30/21 | $450,000 |
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 | $100,698,744 |
| Noncash contributions included in lines 1a–1f | $669,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,698,744 |
| Total Program Service Revenue | $0 |
| Investment income | $29,331 |
| 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 | $100,728,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,237,890 |
| 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. | $712,169 |
| Compensation of current officers, directors, key employees. | $150,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $752,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,155 |
| Payroll taxes | $87,088 |
| Fees for services: Management | $2,316,664 |
| Fees for services: Legal | $179,118 |
| 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 | $15,208 |
| Advertising and promotion | $6,967,826 |
| Office expenses | $67,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,225 |
| Travel | $56,606 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,454,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,280,819 |
| Pledges and grants receivable | $71,536,217 |
| Accounts receivable, net | $3,555,684 |
| 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 | $6,758 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $669,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,049,217 |
| Accounts payable and accrued expenses | $1,420,470 |
| Grants payable | $4,619,390 |
| 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 | $0 |
| Total liabilities | $6,039,860 |
| Net assets without donor restrictions | $1,500,000 |
| Net assets with donor restrictions | $81,509,357 |
| 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 | $89,049,217 |
Grants Awarded
Over the last fiscal year, Asian American Equal Opportunity Fund has awarded $9,239,750 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROGRAM SUPPORT | $1,500,000 |
NATIONAL ASIAN PACIFIC AMERICA WOMEN'S FORUM PURPOSE: PROGRAM SUPPORT | $1,000,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $1,000,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $1,000,000 |
San Francisco, CA PURPOSE: PROGRAM SUPPORT | $1,000,000 |
San Francisco, CA PURPOSE: PROGRAM SUPPORT | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Asian American Equal Opportunity Fund has recieved totaling $5,552,331.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $2,026,000 |
Asian Pacific Fund San Francisco, CA PURPOSE: GENERAL SUPPORT | $1,515,793 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $598,878 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $251,660 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association For The Advancement Of Colored People Baltimore, MD | $32,426,272 | $33,545,881 |
Asian American Equal Opportunity Fund Washington, DC | $89,049,217 | $100,728,075 |
National Congress Of American Indians Washington, DC | $22,096,750 | $10,230,979 |
Congressional Black Caucus Foundation Inc Washington, DC | $27,522,852 | $16,990,320 |
Lulac National Educational Service Centers Inc Washington, DC | $2,152,455 | $9,352,585 |
Congressional Hispanic Caucus Institute Inc Washington, DC | $24,437,855 | $9,652,744 |
National Association For The Advancement Of Colored People Baltimore, MD | $34,744,473 | $15,559,685 |
National Action Council For Minorities In Engineering Inc Alexandria, VA | $24,460,984 | $4,503,129 |
Minority Corporate Counsel Association Inc Washington, DC | $7,066,542 | $4,466,534 |
National Black Caucus Of State Legislators Washington, DC | $4,139,916 | $3,218,552 |
Hispanic Association On Corporate Responsibility Washington, DC | $5,189,673 | $3,981,049 |
Voto Latino Foundation Inc Washington, DC | $3,458,506 | $3,696,616 |