Asian American Futures
- Assets
- $3.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Irvine, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-4191419
Organization Overview
Asian American Futures is located in Irvine, CA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Futures 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 Futures has awarded 11 individual grants totaling $519,000. 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
ASIAN AMERICAN FUTURES IS A 501(C)(3) NONPROFIT ORGANIZATION THAT AIMS TO ENSURE THAT ASIAN AMERICANS AND PACIFIC ISLANDERS ARE AN ESSENTIAL PART OF THE AMERICAN NARRATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLD FUTURES CHALLENGE - THE AIM OF THE GOLD FUTURES GRANT CHALLENGE IS TO PROVIDE CRITICAL RESOURCES TO AAPI SERVING ORGANIZATIONS WHILE INCREASING AND DEMOCRATIZING PHILANTHROPY.
ACTIVATE CALIFORNIA IS A PROGRAM UNDER ASIAN AMERICAN FUTURES WITH THE SPECIFIC GOALS OF UTILIZING STRATEGIC GRANTMAKING AND COMMUNITY INFORMED PROGRAMMING TO INCUBATE EMERGING LEADERSHIP, ACCELERATE THE GROWTH OF A NEW GENERATION OF BASE BUILDING ORGANIZATIONS AND BUILD THE INFRASTRUCTURE FOR MULTI-GENERATIONAL NARRATIVE CHANGE WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Kong Co-Chair | OfficerTrustee | 5 | $0 |
Nithin Jilla Secretary | OfficerTrustee | 5 | $0 |
Susan Lew Co-Chair | OfficerTrustee | 1 | $0 |
Vivian Long Board Member | Trustee | 1 | $0 |
Jack Toan Board Member | Trustee | 1 | $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 | $3,945,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,945,116 |
| 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 | $3,945,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $519,000 |
| 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 | $40,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,893 |
| Payroll taxes | $3,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $855 |
| Fees for services: Accounting | $2,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,937 |
| Advertising and promotion | $0 |
| Office expenses | $18 |
| Information technology | $6,613 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $412 |
| 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 | $874 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $663,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,125,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| 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 | $2,185 |
| Net Land, buildings, and equipment | $3,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,380,581 |
| Accounts payable and accrued expenses | $14,986 |
| 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 | $0 |
| Total liabilities | $14,986 |
| Net assets without donor restrictions | $155,145 |
| Net assets with donor restrictions | $3,210,450 |
| 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 | $3,380,581 |
Grants Awarded
Over the last fiscal year, Asian American Futures has awarded $519,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: GOLD FUTURES CHALLENGE PROGRAM | $100,000 |
Washington, DC PURPOSE: GOLD FUTURES CHALLENGE PROGRAM | $75,000 |
Austin, TX PURPOSE: GOLD FUTURES CHALLENGE PROGRAM | $75,000 |
Los Angeles, CA PURPOSE: GOLD FUTURES CHALLENGE PROGRAM | $50,000 |
Kaneohe, HI PURPOSE: GOLD FUTURES CHALLENGE PROGRAM | $50,000 |
Kent, WA PURPOSE: GOLD FUTURES CHALLENGE PROGRAM | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Asian American Futures has recieved totaling $3,371,498.
| Awarding Organization | Amount |
|---|---|
Evelyn And Walter Haas Jr Fund San Francisco, CA PURPOSE: TO ESTABLISH ACTIVATE CALIFORNIA, A NEW INITIATIVE TO ENGAGE ASIAN AMERICANS AND PACIFIC ISLANDERS AS ADVOCATES, LEADERS, AND DONORS DEFINING THEIR OWN COMMUNITY NARRATIVE. | $1,000,000 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA PURPOSE: ADVANCE AAPI LEADERSHIP AND VOICE | $1,000,000 |
California Physicians Service Foundation San Francisco, CA PURPOSE: LAUNCHING ACTIVATE CALIFORNIA | $500,000 |
Asian Pacific Community Fund Of Southern California Los Angeles, CA PURPOSE: SEE SCHEDULE O MISSION STATEMENT. | $241,998 |
Tarsadia Foundation Newport Beach, CA PURPOSE: PROGRAM SUPPORT | $100,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: LOCAL GRANTMAKING | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |