Nonprofit · EIN 61-1929006
ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS
Tax-exempt · SAN FRANCISCO, CA 94111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,921,346 | $1,705,316 | $216,030 | $2,228,584 | $390,500 | $1,838,084 |
| December 31, 2023 | 990 | $1,767,969 | $1,413,826 | $354,143 | $1,790,136 | $168,082 | $1,622,054 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,555,873
- Membership dues
- $53,200
- Program service revenue
- $345,952
- Investment income
- $19,521
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,090
- Compensation of officers, directors and key employees
- $455,250
- Other salaries and wages
- $118,243
- Salaries, compensation and benefits (total)
- $608,397
- Professional fundraising fees
- $0
- Legal fees
- -$1,273
- Accounting fees
- $20,500
- Travel
- $100,353
- Program services (functional)
- $1,069,950
- Management and general (functional)
- $465,143
- Fundraising (functional)
- $170,223
Balance sheet and other
- Total assets, start of year
- $1,790,136
- Total assets, end of year
- $2,228,584
- Total liabilities, end of year
- $390,500
- Net assets, end of year
- $1,838,084
- Publicly traded securities
- $412,581
- Net assets without donor restrictions
- $1,838,084
- Gross receipts
- $1,921,346
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Park | CEO Officer | 40 | $354,882 |
| Catherine Canlas | Vice President Officer | 40 | $100,368 |
| Brenda Chia | Chairman Trustee or director | 1 | $0 |
| Gordon Liao | Chairman Trustee or director | 1 | $0 |
| William Park | Director Trustee or director | 1 | $0 |
| Prashant Mehrotra | Director Trustee or director | 1 | $0 |
| Susan Soh | Director Trustee or director | 1 | $0 |
| David Lam | Director Trustee or director | 1 | $0 |
| Johnny Wu | Director Trustee or director | 1 | $0 |
| Sanjiv Shah | Chairman Trustee or director | 1 | $0 |
| Suzanne Wong | Treasurer Trustee or director | 1 | $0 |
| York Lo | Director Trustee or director | 1 | $0 |
| Deepa Patil Madhani | Director Trustee or director | 1 | $0 |
| Sammy Suzuki | Director Trustee or director | 1 | $0 |
| Sona Menon | Director Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Sheng | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Park | CEO Officer | 40 | $368,624 |
| Brenda Chia | Chairman Trustee or director | 0 | $0 |
| Gordon Liao | Director Trustee or director | 0 | $0 |
| William Park | Director Trustee or director | 0 | $0 |
| Prashant Mehrotra | Director Trustee or director | 0 | $0 |
| Susan Soh | Director Trustee or director | 0 | $0 |
| Diana Liu | Director Trustee or director | 5 | $0 |
| Cynthia Tseng | Director Trustee or director | 0 | $0 |
| David Lam | Director Trustee or director | 0 | $0 |
| Johnny Wu | Director Trustee or director | 0 | $0 |
| Sanjiv Shah | Chairman Trustee or director | 0 | $0 |
| Suzanne Wong | CFO Trustee or director | 0 | $0 |
| York Lo | Director Trustee or director | 0 | $0 |
| Deepa Patil Madhani | Director Trustee or director | 0 | $0 |
| Sammy Suzuki | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 EMBARCADERO CTR STE 1160, SAN FRANCISCO, CA 94111-3669
- In care of
- % GRACE REYES
- Signed the 990
- Jim Park, CEO
- Website
- www.aaaim.org
- Return prepared by
- Advise RE PC
California records
California keeps its own records of charities and corporations. Search them by EIN 61-1929006 or by the name ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Founded in the Year 2006, the Association of Asian American Investment Managers AAAIM is a national trade association dedicated to the advance of AAPIs Asian Americans & Pacific-Islanders in the asset management industry. AAAIM supports those trying to access top positions at major investment firms while also promoting an entrepreneurial route for investment managers that start their own firms. AAAIM is committed to providing an association that creates an educational forum for sharing expertise within the AAPI investment community to build a pipeline of next generation leaders by encouraging more AAPI students to enter the field and to serve as a catalyst for strategic relationships between AAPI managers and institutional investors.
Program accomplishments
- All other achievementsExpenses $1,069,950 · grants $3,090
- Supporting Career Education for Underserved College Students) AAAIM?s second year of Accelerate Externship provided an interactive, hybrid program for underrepresented students interested in the field of investment management to develop skills needed to apply for internships, networking, and better prepare them for the workforce. AAAIM?s Externship is an intensive 7-day hybrid program in the summer, offering externs an experiential learning opportunity. The externship accepts a small group of up to 30 undergraduate college students, selected through an application-based process. Externs will engage in professional development training focusing on resume building, interviewing techniques, and relationship building, while interacting with investment and finance professionals, heads of Human Resources and Talent, and industry veterans. At the end of the externship, AAAIM facilitated mentorship connections and shares potential industry opportunities for externs. This program is open to all undergraduate students to apply, with a special emphasis on supporting students coming from modest income families or non-target institutions. In 2024, we had 24 universities and colleges represented, 30 externs accepted with 45% identifying as female, and 65% received a financial stipend directly from AAAIM to attribute to expenses/costs associated with the program.
- Research and Education) Since our initial study in 2020 with Bella Private Markets, AAAIM continues to expand its research efforts to bring awareness of the barriers faced by AAPI professionals in the investment management industry. Our 2024 research introduced two groundbreaking reports: The State of AAPIs in Venture Capital and Opportunities for AAPI Emerging Managers in Institutional Investment. Through these two reports, we build upon previous findings and examining further the representation at each stage of ones career across the investment management industry. The State of AAPIs in Venture Capital study, in partnership with UC Berkeley Sutardja Center for Entrepreneurship and Technology (SCET) and DECODE, explored the representation and experiences of Asian American professionals in the Venture Capital industry, bringing to light the disparities and underrepresentation in leadership, funding access, and career progression. Some revelations from our research include a low, single-digit percentage of representation ? only 3.3% of VC funds are AAPI owned and that the path to promotion and becoming an investing partner takes 41% longer (AAPI professionals worked in junior roles for an average of 3 years, 10 months. Non-AAPI professionals were promoted in 2 years, 9 months). Our final research from 2024, Opportunities for AAPI Emerging Managers in Institutional Investment, in partnership with Bella Private Markets, revealed a concerning issue on allocation and access from institutional investors to emerging manager programs, specifically those of AAPI identity. Our key findings from the report state that AAPI-owned firms are often not explicitly included in emerging manager programs with diversity criteria, at 30%, in addition to only 2.7% are actively AAPI-owned fund investments in portfolios of investors with emerging manager initiatives.
- Emerging Leaders Initiative) AAAIM?s Emerging Leaders Initiative (ELI) program was created to help Asian American Pacific Islanders (AAPIs) break the ?Bamboo Ceiling? in the investment field. In 2024, we established ELI Day, a professional development and career-focused event bringing together mid-level professionals. With very few organizations focused on career development and formal leadership workshops for AAPIs throughout the full life cycle of their professional journey, AAAIM created this opportunity of support for upward mobility of AAPIs and other underrepresented communities. In addition to ELI Day, AAAIM continues into its fifth year of the Norman Mineta Cohort program. This program is designed for mid-level professionals on both the east and west coast, and provides them a development curriculum free of charge. Throughout this program, the cohort receives quarterly professional development workshops, ongoing executive coaching, mentorship from senior leaders and board of directors, education, and elevated visibility among our network through complimentary access to our events.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1929006
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S03)
- Assets (IRS master file)
- $2,228,584
- Income (IRS master file)
- $1,921,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,921,346 | $1,705,316 | $2,228,584 | XML |
| 990 | December 2023 | $1,767,969 | $1,413,826 | $1,790,136 | XML |
| 990 | December 2022 | $1,477,064 | $1,379,247 | $1,438,911 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1929006).
Questions about ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS
- What is the EIN of ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS?
- The employer identification number (EIN) of ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS is 61-1929006.
- Is ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $354,882 (Jim Park, CEO).
- How much revenue does ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,921,346, expenses of $1,705,316 and total assets of $2,228,584 at year end.
Other nonprofits in SAN FRANCISCO
- URBAN ALCHEMY EIN 82-5408579 · last filed 990 for 2025
- INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION EIN 13-4164140 · last filed 990 for 2025
- BURNING MAN PROJECT EIN 45-2638273 · last filed 990 for 2024
- SAN FRANCISCO TOURISM IMPROVEMENT DISTRICT MANAGEMENT CORPORATION EIN 26-4814856 · last filed 990 for 2025
- MID-MARKET FOUNDATION EIN 85-0892059 · last filed 990 for 2024
- COMMUNITY VISION CAPITAL & CONSULTING EIN 94-3032394 · last filed 990 for 2025
- HORIZONS FOUNDATION EIN 94-2686530 · last filed 990 for 2025
- ASPIRATION EIN 91-2106274 · last filed 990 for 2025
All nonprofits in SAN FRANCISCO · California · Community improvement and capacity building