2024-04-26T08:08:56-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 571192973 ASIAN AND PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND ASIA 2027150795 1850 M STREET NW 245 WASHINGTON DC 20036 NOEL HARMON PRESIDENT & EXECUTIVE DIRECTOR 2027150795 2024-04-26 1 NOEL HARMON 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NOEL HARMON 1850 M STREET NW 245 WASHINGTON DC 20036 13739648 0 X WWW.APIASF.ORG X 2003 DC SEE PART III, LINE 1. 19 19 43 400 0 0 13597399 12809265 0 0 19318 897603 0 32780 13616717 13739648 7853240 7417648 0 0 2577510 3325593 0 0 340320 2083698 2610325 12514448 13353566 1102269 386082 37686826 39856314 4727377 6423476 32959449 33432838 X OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF APIA STUDENTS BY PROVIDING THEM WITH RESOURCES THAT INCREASE THEIR ACCESS TO HIGHER EDUCATION WHICH SERVES AS THE FOUNDATION FOR THEIR FUTURE SUCCESS AND CONTRIBUTIONS TO A MORE VIBRANT AMERICA. (CONTINUED ON SCHEDULE O) 0 0 7839888 7417648 COLLEGE ACCESS: APIA SCHOLARS MANAGES THE APIA SCHOLARSHIP, THE AANAPISI SCHOLARSHIP, THE APIA SCHOLARS EMERGENCY FUND, AND THE GATES MILLENNIUM SCHOLARS/ASIAN PACIFIC ISLANDER AMERICANS FUND. THROUGH THESE SCHOLARSHIP PROGRAMS, APIA SCHOLARS HAS DISTRIBUTED MORE THAN $150 MILLION IN COLLEGE SCHOLARSHIPS TO MORE THAN 8,100 DESERVING ASIAN AND PACIFIC ISLANDER AMERICAN (APIA) STUDENTS ACROSS THE COUNTRY AND IN THE PACIFIC ISLANDS. OUR FOCUS ON MULTI-YEAR SCHOLARSHIPS REMOVES FINANCIAL BARRIERS WHILE PROMOTING DEGREE ATTAINMENT. 1445057 STUDENT SUCCESS AND CAREER DEVELOPMENTSTUDENT SUCCESS PROGRAMS FOCUS ON REDUCING FINANCIAL BARRIERS TO COLLEGE COMPLETION FOR AANHPI COLLEGE STUDENTS, WITH A PRIMARY FOCUS ON FIRST-TIME APIA SCHOLARS AND AANAPISI RECIPIENTS. THROUGH DIFFERENT ACCESS POINTS, SCHOLARS ARE PROVIDED CONTINUOUS SUPPORT AND ENGAGEMENT WITH APIA SCHOLARS THROUGH THE FOLLOWING: BUILDING AN ENGAGED SCHOLAR COMMUNITY; PROVIDING PROACTIVE GUIDANCE TO SCHOLARS ON NAVIGATING FINANCIAL EXPERIENCES; PROVIDING INTERNSHIP AND CAREER RESOURCES TO HELP SCHOLARS ACCESS AND MAINTAIN FINANCIAL WELLNESS. EVENTS, WORKSHOPS, AND DIRECT SCHOLAR SUPPORT HIGHLIGHT THE WAYS IN WHICH WELL-BEING, COMMUNITY BUILDING, AND IDENTITY AFFIRMATION SUPPORT STUDENTS IN NAVIGATING THE CURRICULUM OF COLLEGE. 531155 BUILDING KNOWLEDGE: OUR RESEARCH PLACES SCHOLARS AT THE CENTER AND INFORMS POLICYMAKERS, HIGHER EDUCATION LEADERS, AND OTHER COMMUNITY STAKEHOLDERS TO INCREASE EDUCATIONAL OPPORTUNITIES AND SUCCESS FOR APIA STUDENTS. THROUGH APIA DATA STORIES WE HIGHLIGHT CRITICAL AREAS OF SUPPORT FOR APIA STUDENTS NATIONWIDE, PROVIDING CURRENT AND RELEVANT DATA THAT EQUIP INSTITUTIONS TO PROVIDE CULTURALLY COMPETENT INTERVENTIONS IN STEP WITH THE TRENDS OF INCOMING COLLEGE STUDENTS. BASED ON OUR ANNUAL SURVEY OF SCHOLARSHIP APPLICANTS, DATA STORIES ILLUSTRATE THE NEED AND IMPACT OF SCHOLARSHIPS WHILE REVEALING APIA GROUPS THAT CONTINUE TO BE UNDERSERVED AND UNDERREPRESENTED. APIA SCHOLARS' NATIVE HAWAIIAN PACIFIC ISLANDER (NHPI) RESEARCH INITIATIVE IS AN ONGOING (CONTINUED ON SCHEDULE O)COLLABORATION WITH AANAPISI CAMPUSES SERVING SIGNIFICANT NUMBERS OF NHPI STUDENTS IN THE U.S.-AFFILIATED PACIFIC ISLANDS, HAWAI'I AND THE U.S. CONTINENT. THE APPLIED RESEARCH FELLOWSHIP PROGRAM ENABLES OUTSTANDING APIA SCHOLARS ALUMNI PURSUING FULL-TIME MASTERS AND DOCTORAL DEGREES TO PLAY A SIGNIFICANT ROLE IN ADVANCING THE ORGANIZATION'S STUDENT RESEARCH AND ADVOCACY AGENDA. FELLOWS ENGAGE IN PROJECTS INFORMING THE EDUCATIONAL AND WORKFORCE TRAJECTORY OF APIA STUDENTS ACROSS THE NATION, INCLUDING MENTAL HEALTH & WELLBEING, LEADERSHIP & CIVIC ENGAGEMENT, ENGLISH LEARNERS, AND ANTI-ASIAN RACISM. 9816100 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 65 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X NOEL HARMON 2027150795 1850 M STREET NW 245 WASHINGTON DC 20036 AIMEE MEHER-HOMJI BOARD CHAIR 10.00 X X 0 0 0 EUGENE CHASIN VICE CHAIR 2.00 X X 0 0 0 WALLY SUPHAP SECRETARY 2.00 X X 0 0 0 JASON WONG FINANCE CHAIR 2.00 X 0 0 0 JACINTA TITIALI'I-ABBOTT BOARD MEMBER 2.00 X 0 0 0 SEFA AINA BOARD MEMBER 2.00 X 0 0 0 POONEH FRACYON BUTLER BOARD MEMBER 2.00 X 0 0 0 J WEILI CHENG BOARD MEMBER 2.00 X 0 0 0 WILLIAM CHO BOARD MEMBER 2.00 X 0 0 0 JENNIFER J KANANIONAPUA PERU GARY BOARD MEMBER 2.00 X 0 0 0 NANCY LEE BOARD MEMBER 2.00 X 0 0 0 LINDSAY LEE AULANIKI'IKINA AH LOO BOARD MEMBER 2.00 X 0 0 0 SCOTT LORETAN BOARD MEMBER 2.00 X 0 0 0 JEFF LUONG BOARD MEMBER 2.00 X 0 0 0 BILL MOSES BOARD MEMBER 2.00 X 0 0 0 NIDHI MUNJAL BOARD MEMBER 2.00 X 0 0 0 DOUG MURTHA BOARD MEMBER 2.00 X 0 0 0 DR ROWENA TOMANENG BOARD MEMBER 2.00 X 0 0 0 HANS YANG BOARD MEMBER 2.00 X 0 0 0 NOEL HARMON PRESIDENT & EXECUTIVE DIRECTOR 40.00 X 407083 0 31478 MICHELLE COHENOUR VP & CHIEF OF STAFF 40.00 X 184355 0 14888 MICHELLE KIM CFO, (FROM 8/1/22) 40.00 X 68489 0 5371 JULIE AJINKYA SVP & CHIEF STRATEGY OFFICER 40.00 X 226563 0 12035 SHYAM GADWAL VP OF PROGRAMS 40.00 X 155747 0 8646 STACY LEWIS AVP OF DEVELOPMENT 40.00 X 121505 0 6565 ELENA ANDERSON FORMER CFO 40.00 X 221313 0 6513 1385055 0 85496 10 1 1 0 ROBERT TERANISHI 14075 EASTRIDGE DR WHITTIER CA 90602 REASEARCH AND POLICY CONSULTANT 139500 1 12809265 1713 12809265 897603 897603 OTHER REVENUE 900099 32780 32780 32780 13739648 0 0 930383 7417648 7417648 831488 265887 410703 154898 2134607 1140568 919282 74757 24583 2540 15761 6282 115686 24069 73105 18512 219229 27986 151327 39916 24183 24183 45216 45216 65000 65000 1289798 587368 702286 144 38583 504 36773 1306 174197 65004 98973 10220 166103 86423 79680 282499 12000 270499 242669 102803 109354 30512 74872 22145 52727 44675 44675 24316 24316 DUES & SUBSCRIPTIONS 72872 37155 31944 3773 GIFTS 27213 15000 12213 PAYROLL FEES 15967 15967 EQUIP. RENTAL & MAINT. 13754 1000 12754 8408 8000 408 13353566 9816100 3197146 340320 485810 492449 4506323 16179984 3509138 1259015 122346 52850 525205 114511 242031 410694 26775330 19050141 2045848 2411181 37686826 39856314 240762 263119 1983086 3136775 122500 215759 2381029 2807823 4727377 6423476 X 26509303 25521488 6450146 7911350 32959449 33432838 37686826 39856314 386082 87307 0 X 0 1 X 1 0 X 16340921 15362950 39393662 13597399 12809265 97504197 16340921 15362950 39393662 13597399 12809265 97504197 7877668 89626529 42016 30688 546 19318 897603 990171 3569 1441 16324 32780 54114 98548482 50000 0.90950 0.95060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 397506 71029 326477 127699 43482 84217 410694 DEPOSITS 39195 RIGHT OF USE ASSET 2371986 2411181 OPERATING LEASE LIABILITY 2807823 2807823 13851955 87307 90000 177307 13674648 65000 65000 13739648 13378566 90000 90000 13288566 65000 65000 13353566 1 SCHOLARSHIPS 863 7417648 PART I, LINE 2: THE ORGANIZATION ISSUES FOUR TYPES OF SCHOLARSHIPS: 1) A FLAT AMOUNT TO FRESHMAN STUDENTS ONLY; 2) TWO YEAR, FOUR YEAR MULTIYEAR SCHOLARSHIPS, 3) SCHOLARSHIPS THAT MAY BE RENEWED WITH EVIDENCE OF COURSE COMPLETION WITH ACCEPTABLE GRADE POINT AVERAGE; 4) LAST DOLLAR AMOUNT MULTI-YEAR SCHOLARSHIPS ADMINISTERED THROUGH THE GATES MILLENIUM SCHOLARSHIP PROGRAM. THE ORGANIZATION HAS FULL TIME STAFF AND A SCHOLARSHIP COMMITTEE TO REVIEW, MONITOR AND EVALUATE THE SUCCESS OF ITS SCHOLARSHIP AWARDS. X X X 1 0 0 0 0 0 0 1 0 NOEL HARMON PRESIDENT & EXECUTIVE DIRECTOR 347583 0 59500 0 0 0 2630 0 28848 0 438561 0 0 0 JULIE AJINKYA SVP & CHIEF STRATEGY OFFICER 212213 0 14350 0 0 0 3683 0 8352 0 238598 0 0 0 ELENA ANDERSON FORMER CFO 29646 0 0 0 191667 0 383 0 6130 0 227826 0 0 0 MICHELLE COHENOUR VP & CHIEF OF STAFF 184355 0 0 0 0 0 3706 0 11182 0 199243 0 0 0 SHYAM GADWAL VP OF PROGRAMS 124497 0 8750 0 22500 0 625 0 8021 0 164393 0 0 0 PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PACKAGES DURING THE YEAR: ELENA ANDERSON $191,667 SHYAM GADWAL $22,500 PART I, LINE 7 DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED BONUS COMPENSATION: NOEL HARMON $59,500 JULIE AJINKYA $14,350 SHYAM GADWAL $8,750 FORM 990, PART III, LINE 1 OUR VISION IS TO SEE THAT ALL ASIAN AMERICAN AND PACIFIC ISLANDERS HAVE ACCESS TO HIGHER EDUCATION AND RESOURCES THAT CULTIVATE THEIR ACADEMIC, PERSONAL AND PROFESSIONAL SUCCESS REGARDLESS OF THEIR ETHNICITY, NATIONAL ORIGIN OR FINANCIAL MEANS. WE CARRY OUT OUR MISSION BY: - PROVIDING SCHOLARSHIPS TO APIA STUDENTS; - FORGING PARTNERSHIPS AMONG CORPORATIONS, FOUNDATIONS, COMMUNITY ORGANIZATIONS AND INDIVIDUALS TO PROVIDE ADEQUATE FINANCIAL AND OTHER RESOURCES TO CARRY OUT OUR MISSION; - PROVIDING GUIDANCE, MENTORSHIP AND PROGRAMS TO FACILITATE STUDENTS' ACADEMIC SUCCESS, LEADERSHIP AND PROFESSIONAL GROWTH; - ESTABLISHING STRATEGIC ALLIANCES WITHIN APIA AND EDUCATIONAL COMMUNITIES; AND - COMPLETING SCHOLAR CENTERED RESEARCH PROJECTS TO PROVIDE DATA TO SUPPORT THE NEEDS OF THE APIA COMMUNITY STAKEHOLDERS AND INFORM EDUCATIONAL POLICY DECISION MAKERS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 13 FOUNDING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH FOUNDING MEMBER HAS THE RIGHT TO APPOINT ONE DIRECTOR TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS. THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE REVIEWED DRAFTS OF THE FORM 990 AS IT WAS BEING COMPLETED. THE ORGANIZATION PROVIDED ACCESS TO THE DRAFT 990S TO THE GOVERNING BODY BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE RESPONSIBLE FOR DISCLOSING ALL POSSIBLE AND POTENTIAL CONFLICTS OF INTEREST. SUCH DISCLOSURE IS MADE TO THE EXECUTIVE DIRECTOR. DISCLOSURE MAY BE ORAL OR IN WRITING. THE EXECUTIVE DIRECTOR EVALUATES THE SITUATION AND MAKES A DETERMINATION AS TO WHETHER A CONFLICT OR PERCEIVED CONFLICT EXISTS. WHEN PRESENTED WITH A QUESTIONABLE SITUATION, THE EXECUTIVE DIRECTOR CONSULTS THE CHAIRPERSON OF THE BOARD OF DIRECTORS. IF IT IS DETERMINED THAT AN ACTUAL OR PERCEIVED CONFLICT EXISTS, THE INTERESTED PERSON REMOVES HIM/HERSELF FROM ALL INVOLVEMENT IN THE SITUATION OR DECISION - INCLUDING NOT BEING PRESENT DURING RELATED DISCUSSIONS, NOT DISCUSSING THE SITUATION OR EXPRESSING AN OPINION TO STAFF OR BOARD MEMBERS WHO WILL MAKE THE DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S HUMAN RESOURCES COMMITTEE DETERMINES THE COMPENSATION FOR THE PRESIDENT/EXECUTIVE DIRECTOR AFTER REVIEWING COMPARABLE COMPENSATION DATA. THE ORGANIZATION ENTERS INTO A WRITTEN EMPLOYMENT AGREEMENT WITH THE PRESIDENT/EXECUTIVE DIRECTOR. ALL DELIBERATIONS REGARDING THE PRESIDENT/EXECUTIVE DIRECTOR'S COMPENSATION, SUBSEQUENT TO HIRE, ARE CONTEMPORANEOUSLY DOCUMENTED. THE ORGANIZATION'S BOARD OF DIRECTORS RETAINED A PROFESSIONAL RECRUITING FIRM TO ATTRACT AND OBTAIN THE CURRENT PRESIDENT/EXECUTIVE DIRECTOR. THE ORGANIZATION DOES NOT PAY COMPENSATION TO ANY OF ITS OFFICERS OTHER THAN THE PRESIDENT/EXECUTIVE DIRECTOR AND THE CHIEF FINANCIAL OFFICER. THE PRESIDENT/EXECUTIVE DIRECTOR IS RESPONSIBLE FOR HIRING AND SETTING THE COMPENSATION FOR ALL OTHER EMPLOYEES. THE LAST COMPENSATION REVIEW TOOK PLACE IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.