Asia Foundation
- Assets
- $76.4m
- Revenue
- $96.5m
- Investments
- $0.0
- Employees
- 154
- Location
- San Francisco, CA
- Founding
- 03/1952
- Data as of
- 09/2021
- EIN
- 94-1191246
Organization Overview
Asia Foundation is located in San Francisco, CA. The organization was established in 1952. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, Asia Foundation employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asia Foundation 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 09/2021, Asia Foundation generated $96.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $97.5m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asia Foundation has awarded 38 individual grants totaling $3,082,280. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASIA FOUNDATION IS A NON-PROFIT, INTERNATIONAL DEVELOPMENT ORGANIZATION.
Describe the Organization's Program Activity:
GOVERNANCE AND LAW - INFORMED BY SIX DECADES OF EXPERIENCE AND DEEP LOCAL EXPERTISE, THE ASIA FOUNDATION'S GOVERNANCE PROGRAM SUPPORTS ASIAN INITIATIVES TO BUILD MORE EFFECTIVE AND RESPONSIVE GOVERNANCE, ACCESSIBLE JUSTICE MECHANISMS, A VIBRANT CIVIL SOCIETY, AND AN INFORMED AND ENGAGED CITIZENRY. WE ARE A LONGSTANDING PARTNER OF BOTH GOVERNMENT AND CIVIL SOCIETY IN ASIA, SUPPORTING INITIATIVES TO BUILD MORE EFFECTIVE AND RESPONSIVE GOVERNANCE THAT EXPANDS JUSTICE, ACCELERATES SOCIAL AND ECONOMIC DEVELOPMENT, AND PROMOTES PEACE AND SECURITY. THE FOUNDATION PROMOTES GOOD GOVERNANCE AND REFORM AT ALL LEVELS THROUGH PROGRAMS THAT COUNTER CORRUPTION, SUPPORT PARLIAMENTARY AND CONSTITUTIONAL DEVELOPMENT, AND FOSTER AN ACTIVE CIVIL SOCIETY SECTOR.
WOMEN'S EMPOWERMENT PROGRAM - FOR MORE THAN 60 YEARS, THE ASIA FOUNDATION HAS EMPOWERED WOMEN AND GIRLS ACROSS THE ASIA-PACIFIC REGION. THROUGH OUR WOMEN'S EMPOWERMENT PROGRAM, WE HAVE TRANSFORMED THE LIVES OF THOUSANDS OF WOMEN AND GIRLS THROUGH EVIDENCE-BASED PROGRAMS THAT FOCUS ON THREE KEY AREAS: EXPANDING WOMEN'S ECONOMIC OPPORTUNITIES, INCREASING WOMEN'S RIGHTS AND SECURITY, AND ADVANCING WOMEN'S POLITICAL PARTICIPATION. THE WOMEN'S EMPOWERMENT PROGRAM ALSO PURSUES AN INTEGRATED APPROACH THAT PROMOTES GENDER EQUALITY ACROSS ALL FOUNDATION PROGRAMS.
THE ASIA FOUNDATION'S INTERNATIONAL RELATIONS/REGIONAL COOPERATION PROGRAM WORKS TO STRENGTHEN RELATIONS AMONG ASIAN NATIONS AND THEIR PEOPLE TO FOSTER A PEACEFUL, JUST AND THRIVING ASIA. THE FOUNDATION SUPPORTS ASIAN INITIATIVES TO FOSTER INCLUSIVE ECONOMIC GROWTH AND BROADEN ECONOMIC OPPORTUNITIES, ESPECIALLY FOR WOMEN. WE WORK AT ALL LEVELS, FROM LOCAL TO REGIONAL, TO EXPAND INVESTMENT AND TRADE, STRENGTHEN PARTNERSHIPS AMONG GOVERNMENTS, PRIVATE ENTERPRISE, AND CIVIL SOCIETY TO PROMOTE BROAD-BASED, SUSTAINABLE GROWTH; AND IMPROVE THE SUPPORTIVE BUSINESS ENVIRONMENT.
BOOKS FOR ASIA PUTS BRAND-NEW BOOKS AND DIGITAL CONTENT INTO THE HANDS OF STUDENTS, EDUCATORS, AND LEADERS IN 20 COUNTRIES TO INCREASE THEIR ACCESS TO VALUABLE INFORMATION. THROUGH TECHNOLOGY AND BOOK DONATIONS, WE INFUSE STUDENTS WITH A LOVE OF READING ESSENTIAL FOR LITERACY; BUILD KNOWLEDGE IN THE BUSINESS, LEGAL, AND SCIENCE PROFESSIONS; SHARPEN VOCATIONAL AND RESEARCH ABILITY; AND ENHANCE LANGUAGE SKILLS TO PARTICIPATE IN THE GLOBAL ECONOMY. OUR DIGITAL INITIATIVE - LET'S READ - CREATES, TRANSLATES, AND DELIVERS EDUCATIONAL CONTENT TO CHILDREN ANY TIME, ANY PLACE, IN LANGUAGES THEY USE AT HOME AND SCHOOL, DRAMATICALLY IMPROVING ACCESS. WHILE PRINT REMAINS AN EFFECTIVE MEANS OF DELIVERING INFORMATION IN MANY PARTS OF THE DEVELOPING WORLD, E-BOOKS ARE FAST BECOMING A COST-EFFECTIVE, SCALABLE MODEL GIVEN MOBILE TECHNOLOGY'S INCREASING AFFORDABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David D Arnold CEO And President | OfficerTrustee | 37.5 | $514,095 |
Suzanne E Siskel Evp, COO | Officer | 37.5 | $313,116 |
Kenneth M Krug Vp, Finance & CFO | Officer | 37.5 | $299,459 |
Jaime Faustino Project Manager | 37.5 | $291,974 | |
Thomas Parks IV Country Representative | 37.5 | $281,271 | |
Nancy Yuan Sr. Vp, Washington Dc | Officer | 37.5 | $269,927 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prologis Targeted Logistics | 9/29/21 | $238,305 |
G2 Insurance Services Llc Insurance | 9/29/21 | $226,711 |
Clark Nuber Accounting & Tax | 9/29/21 | $163,011 |
Centered Networks It | 9/29/21 | $205,251 |
Deltek Systems Inc It | 9/29/21 | $206,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $570,115 |
| Related organizations | $2,998 |
| Government grants | $87,471,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,908,371 |
| Noncash contributions included in lines 1a–1f | $2,531,868 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,953,393 |
| Total Program Service Revenue | $0 |
| Investment income | $381,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,175 |
| Net Gain/Loss on Asset Sales | $6,341 |
| Net Income from Fundraising Events | -$20,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,548,436 |
| 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 | $22,554,291 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,728,021 |
| Compensation of current officers, directors, key employees. | $2,483,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,157,084 |
| Pension plan accruals and contributions | $2,106,165 |
| Other employee benefits | $10,056,658 |
| Payroll taxes | $5,321,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,058 |
| Fees for services: Accounting | $279,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,725 |
| Fees for services: Investment Management | $72,056 |
| Fees for services: Other | $734,812 |
| Advertising and promotion | $86,726 |
| Office expenses | $1,960,461 |
| Information technology | $155,968 |
| Royalties | $0 |
| Occupancy | $4,780,662 |
| Travel | $1,542,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $419,980 |
| Insurance | $286,618 |
| All other expenses | $160,787 |
| Total functional expenses | $97,516,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,039 |
| Savings and temporary cash investments | $34,701,013 |
| Pledges and grants receivable | $9,330,783 |
| Accounts receivable, net | $729,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,063,491 |
| Prepaid expenses and deferred charges | $1,938,872 |
| Net Land, buildings, and equipment | $1,374,156 |
| Investments—publicly traded securities | $18,530,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,165 |
| Total assets | $76,412,898 |
| Accounts payable and accrued expenses | $9,831,910 |
| Grants payable | $0 |
| Deferred revenue | $21,891,974 |
| 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 | $149,603 |
| Total liabilities | $31,873,487 |
| Net assets without donor restrictions | $21,369,216 |
| Net assets with donor restrictions | $23,170,195 |
| 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 | $76,412,898 |
Grants Awarded
Over the last fiscal year, Asia Foundation has awarded $1,156,264 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GOVERNANCE AND LAW | $706,721 |
Washington, DC PURPOSE: INTERNATIONAL RELATIONS | $362,092 |
New York, NY PURPOSE: GOVERNANCE AND LAW | $37,446 |
New York, NY PURPOSE: GOVERNANCE AND LAW | $25,005 |
San Francisco, CA PURPOSE: GOVERNANCE AND LAW | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that Asia Foundation has recieved totaling $6,877,643.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $1,125,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: CONSERVATION AND SCIENCE | $1,000,000 |
Henry Luce Foundation Inc New York, NY PURPOSE: LUCE SCHOLARS PROGRAM (FY23) | $800,000 |
Climateworks Foundation San Francisco, CA PURPOSE: PROJECT SUPPORT | $673,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $516,570 |
Climate Imperative Foundation San Francisco, CA PURPOSE: TO SUPPORT CARBON PEAKING AND CARBON NEUTRALITY TARGETS IN CHINA | $400,000 |
Endowment Analysis
| Beg. Balance | $4,753,000 |
| Earnings | $471,000 |
| Net Contributions | $721,000 |
| Grants | $133,000 |
| Ending Balance | $5,812,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Foundation San Francisco, CA | $76,412,898 | $96,548,436 |
Thousand Currents San Francisco, CA | $18,209,575 | $15,204,408 |
Medical Teams International Tigard, OR | $43,129,775 | $57,004,022 |
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |