2024-04-26T10:10:34-05:00 2023-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2022-07-01 364483980 ASIAN UNIVERSITY FOR WOMEN (AUW) SUPPORT FOUNDATION ASIA 6179140500 PO BOX 380768 125 MT AUBURN STREET CAMBRIDGE MA 02238 KAMAL AHMAD PRESIDENT & CEO 6179140500 2024-04-26 1 KAMAL AHMAD 999009999 0 JESSICA DIGIAMO DIAZ P01994693 2126972299 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KAMAL AHMAD PO BOX 380768 125 MT AUBURN STREET CAMBRIDGE MA 02238 8456759 0 X WWW.ASIAN-UNIVERSITY.ORG X 2001 NY AUWSF SUPPORTS THE EDUCATION, EMPOWERMENT, AND LEADERSHIP DEVELOPMENT OF WOMEN FROM ACROSS ASIA AND THE MIDDLE EAST IN A MULTICULTURAL AND MULTIFAITH RESIDENTIAL SETTING LOCATED IN CHITTAGONG, BANGLADESH. IT OFFERS UP TO TWO YEARS OF PRE-UNIVERSITY TRAINING FOLLOWED BY AN UNDERGRADUATE LIBERAL ARTS AND SCIENCES PROGRAM. IT SERVES STUDENTS FROM 18 COUNTRIES. 11 10 6 9 0 0 10379704 7705417 0 0 162106 748138 1951 3204 10543761 8456759 3224906 7350741 0 0 707624 608503 0 0 649628 309768 590679 4242298 8549923 6301463 -93164 30384705 30847428 106262 391940 30278443 30455488 X IT IS THE MISSION OF ASIAN UNIVERSITY FOR WOMEN SUPPORT TO:- PROVIDE A VIBRANT AND DIVERSE RESIDENTIAL LEARNING COMMUNITY WHERE HIGHLY TALENTED WOMEN FROM MANY CULTURAL AND RELIGIOUS BACKGROUNDS CAN GROW BOTH INTELLECTUALLY AND PERSONALLY, TREATING DIVERSITY AS SOMETHING TO BE CHERISHED AND RESPECTED;- CREATE AN AWARENESS AMONG STUDENTS AND GRADUATES OF THEIR FUTURE AS GLOBAL CITIZENS AND OF THE IMPORTANCE OF DEMOCRATIC VALUES;- CREATE A STUDENT-FOCUSED LEARNING ENVIRONMENT WHERE THE HUMANITIES AND NATURAL AND SOCIAL SCIENCES ESTABLISH A BROAD BASE OF INQUIRY; AND- FOCUS STUDENT LEARNING ON THE ACQUISITION OF INTELLECTUAL ABILITIES, REFLECTIVE PERSONAL GROWTH, LEADERSHIP ABILITIES, AND A SERVICE-ORIENTED OUTLOOK. 0 0 7647941 7350741 ASIAN UNIVERSITY FOR WOMEN SAW ANOTHER YEAR OF RAPID EXPANSION OF STUDENT ENROLLMENT AND EXPANSION OF ACADEMIC AND EXTRACURRICULAR PROGRAMS. STUDENT ENROLLMENT PEAKED AT ALMOST 1500. AUW'S COMMITMENT TO THE EDUCATION OF WOMEN WHO ARE BY-PASSED BY THE SYSTEM AT LARGE WAS EXPRESSED IN IMPRESSIVE WAYS WITH THE ARRIVAL OF MORE AFGHAN AND ROHINGYA STUDENTS, EASILY MAKING AUW THE SINGLE LARGEST HOST OF FEMALE STUDENTS FROM THESE TWO COMMUNITIES.AUW INTRODUCED COMPUTER SCIENCES AS A NEW MAJOR AND ANNOUNCED PREPARATION FOR INTRODUCING TWO ADDITIONAL UNDERGRADUATE MAJORS NEXT YEAR:(1) BIOCHEMISTRY, MOLECULAR BIOLOGY AND BIOPHYSICS; AND (2) HUMANITIES WHICH WOULD COMBINE HISTORY, LITERATURE, PHILOSOPHY AND RELIGION. A NEW MASTERS PROGRAM IN APPAREL AND RETAIL MANAGEMENT WAS INTRODUCED AS A WAY OF INDUCTING CAPABLE FEMALE MANAGERS IN THE STILL GROWING TEXTILE INDUSTRY IN BANGLADESH. A NEW MASTERS IN PHARMACEUTICAL SCIENCES AND BIOINFORMATICS WILL BE INTRODUCED IN THE FALL OF 2024.IN THE MEANTIME, THE GRADUATE PROGRAM IN EDUCATION SAW ITS SECOND COHORT ENTER INTO THE PROGRAM. OFFERED IN COLLABORATION WITH JOHNS HOPKINS UNIVERSITY'S SCHOOL OF EDUCATION, THE TWO-YEAR MA PROGRAM WILL GRADUATE ITS FIRST COHORT OF STUDENTS AND ENROLL ITS THIRD COHORT IN JANUARY 2024.A NEW PORTFOLIO LEARNING PROGRAM WAS LAUNCHED THROUGH WHICH STUDENTS COULD ACCESS A RANGE OF MICRO CERTIFICATION COURSES OFFERED THROUGH GOOGLE, CISCO, HARVARD BUSINESS SCHOOL AND OTHERS WAS LAUNCHED.AUW ALSO SAW SIGNIFICANT PHYSICAL EXPANSION. A SECOND CAMPUS WAS INAUGURATED WITH THE ACADEMIC FACILITIES AT THE MAHSA AMINI UNDERGRADUATE CENTER, TWO NEW STUDENT DORMS ACCOMMODATING OVER 600 STUDENTS WAS OPENED AS WELL AS A NEW 45-UNIT FACULTY HOUSING BUILDING. ADDITIONAL FACILITIES HAVE BEEN PLANNED TO BE ADDED.AUW HAS BEGUN THE CONSTRUCTION OF ITS FIRST MAJOR BUILDING ON ITS PERMANENT CAMPUS. THE CAMPUS CENTER, DESIGNED BY MOSHE SAFDIE, IS EXPECTED TO BE COMPLETED WITHIN 18 MONTHS. THE ARCHITECT RENZO PIANO HAS BEEN COMMISSIONED TO DEVELOP CONCEPTUAL DESIGNS FOR THE NEXT THREE BUILDINGS: A CONCERT HALL, THE ACADEMIC CENTER, AND THE COMMON DINING HALL.AUW RECEIVED CONFIRMATION OF FINANCING OF $30 MILLION FROM THE WORLD BANK FORFUTURE CONSTRUCTION ON THE PERMANENT CAMPUS SITE. 7647941 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 NY MA X X KAMAL AHMAD 6179140500 PO BOX 380768 125 MTAUBURN STEET CAMBRIDGE MA 02238 KAMAL AHMAD PRESIDENT AND CEO 40.00 X X 295515 0 51640 KAPIL JAIN TREASURER (THROUGH 1/2023) 1.00 X X 0 0 0 YOUNG JOON KIM CHAIRMAN & SECRETARY 1.00 X X 0 0 0 CARRIE YOON BOARD MEMBER 1.00 X 0 0 0 CATHERINE SASANUMA BOARD MEMBER (THROUGH 3/2023) 1.00 X 0 0 0 KATHY M MATSUI BOARD MEMBER 1.00 X 0 0 0 LYNN ANN DAVIS BOARD MEMBER 1.00 X 0 0 0 MALCOLM DAHN BOARD MEMBER 1.00 X 0 0 0 MIWA SEKI BOARD MEMBER 1.00 X 0 0 0 PAUL CIAMPA BOARD MEMBER 1.00 X 0 0 0 SHEENA IYENGAR BOARD MEMBER 1.00 X 0 0 0 THOM LOCKERBY BOARD MEMBER 1.00 X 0 0 0 TINA TCHEN BOARD MEMBER 1.00 X 0 0 0 295515 0 51640 2 0 1 0 0 1633562 6071855 67659 7705417 748138 748138 MISCELLANEOUS INCOME 611710 3204 3204 3204 8456759 3204 0 748138 7350741 7350741 361961 205939 43976 112046 148447 32828 58047 57572 15567 9510 469 5588 52573 27637 10068 14868 29955 14286 5828 9841 50097 50097 253749 7000 25768 220981 796 796 14863 13209 1654 5992 5992 228983 11649 217334 6799 6799 6218 6218 MERCHANT CHARGES 15521 7837 7684 DUES AND SUBSCRIPTION 5327 4122 1205 MISCELLANEOUS 2334 2275 59 8549923 7647941 252354 649628 140614 100269 507853 251762 6729756 3812120 6752 7464 10449 15524 18459 18459 6799 0 22982482 26660289 30384705 30847428 106262 101235 0 290705 106262 391940 X 7380541 10746306 22897902 19709182 30278443 30455488 30384705 30847428 X -93164 397388 -127179 X 0 1 X 1 1 1 X 4444789 2818756 12423768 10379704 7705417 37772434 4444789 2818756 12423768 10379704 7705417 37772434 17347115 20425319 195099 194297 100463 162106 748138 1400103 7701 2829 3737 1951 3204 19422 39191959 0.52120 0.48040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4085820 122085 4207905 4260277 -174457 4085820 3842195 41880 376202 4260277 3743304 55000 43891 3842195 2767596 825683 150025 3743304 0.86073 0.13927 0 0 18459 18459 0 0 REFUNDABLE ADVANCES 290705 290705 17455525 397388 8728557 -127179 8998766 8456759 0 8456759 17278480 8728557 8728557 8549923 0 8549923 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNFULFILLED PLEDGES -20,000. FOREIGN EXCHANGE LOSS -107,179. 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 269 PROVIDE SCHOLARSHIP GRANT TO STUDENTS ATTENDING THE ASIAN UNIVERSITY FOR WOMEN. SUPPORT LONGER-TERM INSTITUTION BUILDING THROUGH CAMPUS DEVELOPMENT, FACULTY AND SPECIFIC TYPES OF SERVICES IN THE REGION: SUPPORT LONGER-TERM INSTITUTION BUILDING THROUGH CAMPUS DEVELOPMENT, FACULTY AND ADMINISTRATIVE SALARIES, AND COSTS, STUDENT HOUSING AND MEALS, HEALTH CARE, AND SECURITY SERVICES. 7647941 1 269 0 0 1 269 7647941 0 7647941 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, AUWSF HAS FOUR KEY FUNCTIONS: (I) LONG-TERM STRATEGIC AND FINANCIAL PLANNING OF THE ASIAN UNIVERSITY FOR WOMEN; (II) MOBILIZATION OF FUNDS AND OTHER RESOURCES IN SUPPORT OF THE MISSION OF THE UNIVERSITY; (III) SERVE AS THE CUSTODIAN AND MANAGER OF ENDOWMENT FUNDS; AND (IV) EXTERNAL COMMUNICATIONS AND NETWORKS FOR ALL GRANTS MADE TO THE ASIAN UNIVERSITY FOR WOMEN, THE UNIVERSITY'S MANAGEMENT LED BY THE VICE CHANCELLOR AND THE CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR DISBURSEMENT AND THE ACCOUNTING OF FUNDS CONTRIBUTED BY AUWSF IN ACCORDANCE WITH THE TERMS OF THE GRANT AS WELL AS IN COMPLIANCE OF ALL RELEVANT INSTITUTIONAL POLICIES AND PROCEDURES. THE UNIVERSITY IS ANNUALLY AUDITED - BOTH INTERNALLY AND EXTERNALLY - AND THE AUDITED FINANCIAL REPORTS ARE THEN PUBLISHED IN THE WEBSITE OF WWW.ASIAN-UNIVERSITY.ORG. 7350741 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART I, LINE 2: AUWSF PROVIDES GRANT PAYMENTS TO AUW. AUW FINANCE STAFF DISBURSES FUNDS UNDER THE GUIDANCE AND APPROVAL OF AUW'S CFO IN ACCORDANCE WITH PROCUREMENT POLICIES AND PROCEDURES. AUW PROVIDES TO AUWSF MONTHLY DETAILS OF THE DISBURSEMENT AND BANK RECORDS. THESE FILES ARE THEN REVIEWED BY AUWSF AND RECORDED IN FINANCIAL RECORDS. CERTAIN DONORS REQUIRE THEIR OWN SEPARATE AUDITING OF FUNDS. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 KAMAL AHMAD PRESIDENT AND CEO 290282 0 0 0 5233 0 23000 0 28640 0 347155 0 0 0 X 3 67659 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT AND CEO, KAMAL AHMAD, REVIEWS WHEN HE SIGNS THE 990. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL DIRECTORS, OFFICERS AND EMPLOYEES UPON HIRING AND EACH MUST SIGN AN ACKNOWLEDGEMENT OF RECEIPT. NO CONTRACT OR OTHER TRANSACTION BETWEEN THE CORPORATION AND ONE OR MORE OF ITS DIRECTORS OR OFFICERS, OR BETWEEN THE CORPORATION, AND ANY OTHER CORPORATION, FIRM, ASSOCIATION OR OTHER ENTITY IN WHICH ONE OR MORE OF ITS DIRECTORS OR OFFICERS ARE DIRECTORS OR OFFICERS, OR HAVE A SUBSTANTIAL FINANCIAL INTEREST, SHALL BE EITHER VOID OR VOIDABLE FOR THIS REASON ALONE OR BY REASON ALONE THAT SUCH DIRECTOR OR DIRECTORS OR OFFICER OR OFFICERS ARE PRESENT AT A MEETING OF THE BOARD OF DIRECTORS, OR OF A COMMITTEE THEREOF, WHICH AUTHORIZES SUCH CONTRACT OR TRANSACTION, OR THAT HIS OR HER OR THEIR VOTES ARE COUNTED FOR SUCH PURPOSE, IF THE MATERIAL FACTS AS TO SUCH DIRECTOR'S OR OFFICER'S INTEREST IN SUCH CONTRACT OR TRANSACTION AND AS TO ANY SUCH COMMON DIRECTORSHIP, OFFICERSHIP OR FINANCIAL INTEREST ARE DISCLOSED IN GOOD FAITH OR KNOWN TO THE BOARD OR COMMITTEE, AS THE CASE MAY BE, AND THE BOARD OR COMMITTEE AUTHORIZES SUCH CONTRACT OR TRANSACTION BY A VOTE SUFFICIENT FOR SUCH PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH INTERESTED DIRECTOR OR DIRECTORS OR OFFICER OR OFFICERS. IF THERE WAS NO SUCH DISCLOSURE OR KNOWLEDGE, OR IF THE VOTE OF SUCH INTERESTED DIRECTOR OR OFFICER WAS NECESSARY FOR THE AUTHORIZATION OF SUCH CONTRACT OR TRANSACTION AT A MEETING OF THE BOARD OF DIRECTORS OR COMMITTEE AT WHICH IT WAS AUTHORIZED, THE CORPORATION MAY AVOID THE CONTRACT OR TRANSACTION UNLESS THE PARTY OR PARTIES THERETO ESTABLISH AFFIRMATIVELY THAT THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE AS TO THE CORPORATION AT THE TIME IT WAS AUTHORIZED BY THE BOARD OF DIRECTORS OR A COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR CEO IS SET BY CHAIRMAN OF THE BOARD. KEY EMPLOYEE SALARY IS DETERMINED AFTER ANNUAL PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 OUR OWN WEBSITE: WWW.ASIAN-UNIVERSITY.ORG FORM 990, PART XI, LINE 9: UNFULFILLED PLEDGES -20,000. FOREIGN EXCHANGE LOSS -107,179.