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Nonprofit · EIN 85-2050585

THE ASIAN AMERICAN FOUNDATION

Tax-exempt · WASHINGTON, DC 20009

Financials

$16.6M$22.9M2023$18.9M$26.1M2024
Revenue Expenses · by fiscal year end
Financials of THE ASIAN AMERICAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$18,869,269$26,082,793-$7,213,524$77,888,045$5,474,327$72,413,718
December 31, 2023990$16,595,322$22,909,834-$6,314,512$80,525,812$1,185,037$79,340,775
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$16,890,275
Program service revenue
$0
Investment income
$1,978,994
Other revenue
$0

Expenses

Grants and similar amounts paid
$9,117,000
Compensation of officers, directors and key employees
$1,255,727
Other salaries and wages
$4,357,263
Salaries, compensation and benefits (total)
$6,757,320
Professional fundraising fees
$0
Legal fees
$25,176
Accounting fees
$85,963
Occupancy
$50,305
Travel
$435,564
Depreciation
$24,642
Program services (functional)
$21,991,115
Management and general (functional)
$3,926,126
Fundraising (functional)
$165,552

Balance sheet and other

Total assets, start of year
$80,525,812
Total assets, end of year
$77,888,045
Total liabilities, end of year
$5,474,327
Net assets, end of year
$72,413,718
Land, buildings and equipment
$134,244
Net assets without donor restrictions
$70,696,832
Net assets with donor restrictions
$1,716,886
Gross receipts
$18,869,269
Employees
10
Volunteers
15
Year formed
2020
State of legal domicile
DE

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.

NameTitleHours / weekCompensation
PRISCA BAECHIEF PARTNERSHIPS OFFICER
Key employee
40$340,496
GEORGETTE BHATHENACHIEF PROGRAM OFFICER
Key employee
40$313,156
ISABEL KIMCHIEF FINANCIAL OFFICER
Officer
40$304,606
ROHIT PAULCHIEF PEOPLE AND CULTURE OFFICER
Key employee
40$278,139
JOY MOHHEAD OF COMMUNICATIONS AND MARKETING
Key employee
40$242,232
NORMAN CHENCEO AND DIRECTOR
Trustee or director, Officer
40$89,903
GERALDINE ACUNA-SUNSHINEDIRECTOR
Trustee or director
10$0
JERRY YANGDIRECTOR/TREASURER
Trustee or director
10$0
JOE TSAIDIRECTOR
Trustee or director
10$0
JOSEPH BAECO-CHAIRMAN
Trustee or director
10$0
LI LUDIRECTOR
Trustee or director
10$0
PENG ZHAOCO-CHAIRMAN
Trustee or director
10$0
RUSHIKA FERNANDOPULLEDIRECTOR
Trustee or director
10$0
SHAMINA SINGHDIRECTOR
Trustee or director
10$0
SHEILA MARCELODIRECTOR
Trustee or director
10$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
NORMAN CHENCEO AND DIRECTOR
Trustee or director, Officer
40$501,722
PRISCA BAECHIEF PARTNERSHIPS OFFICER
Key employee
40$329,709
ISABEL KIMCHIEF FINANCIAL OFFICER
Officer
40$299,257
AUDREY YAMAMOTOCHIEF OPERATING OFFICER
Key employee
40$294,805
GEORGETTE BHATHENACHIEF PROGRAM OFFICER
Key employee
40$241,835
JOY MOHHEAD OF COMMUNICATIONS AND MARKETING
Highest-paid employee
40$229,622
ROHIT PAULHEAD OF PEOPLE, TALENT AND CULTURE
Highest-paid employee
40$221,824
EUGENA OHREGIONAL DIRECTOR, GREATER NEW YORK CITY AREA
Highest-paid employee
40$187,881
SRUTHI CHANDRASEKARANDIRECTOR OF DATA AND RESEARCH
Highest-paid employee
40$154,727
TERRY PARKEDUCATION AND NARRATIVE CHANGE PROGRAM OFFICER
Highest-paid employee
40$130,789
JERRY YANGDIRECTOR
Trustee or director
10$0
JOE TSAIDIRECTOR
Trustee or director
10$0
JONATHAN GREENBLATTDIRECTOR
Trustee or director
10$0
JOSEPH BAEDIRECTOR
Trustee or director
10$0
LI LUCHAIRMAN
Trustee or director
0$0
PENG ZHAODIRECTOR/TREASURER
Trustee or director, Officer
10$0
SHEILA MARCELODIRECTOR
Trustee or director
10$0

Address and contacts

Address (IRS master file)
PO BOX 21749, WASHINGTON, DC 20009-9749
In care of
% SULLIVAN & CROMWELL
Principal officer (990 for 2024)
NORMAN CHEN, PO BOX 21749, WASHINGTON, DC 20009
Signed the 990
NORMAN CHEN, CHIEF EXECUTIVE OFFICER
Phone
(617) 697-1590
Return prepared by
DELOITTE TAX LLP

Mission

SEE SCHEDULE O.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $9,187,126 · grants $6,530,000
  • SEE SCHEDULE O
    Expenses $5,748,557 · grants $40,000
  • SEE SCHEDULE O
    Expenses $2,684,884 · grants $1,390,000
  • NARRATIVE CHANGETAAF'S NARRATIVE CHANGE EFFORTS ELEVATE STORIES AND STORYTELLERS THAT COMBAT STEREOTYPES AND CONTRIBUTE TO AANHPI'SBEING SEEN IN THEIR FULL HUMANITY. TAAF INVESTS IN DEBUT FILMMAKERS AND UNDERREPRESENTED AAPI VOICES, MENTORSHIP ANDTRAINING TO ADVANCE THE CAREERS OF AAPI CREATIVES, AND RESEARCH SUPPORTING AAPI LEADERS IN MEDIA, ENTERTAINMENT ANDJOURNALISM.
    Expenses $2,637,227 · grants $1,157,000
  • DATA & RESEARCH.
    Expenses $1,733,321

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-2050585
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$77,888,045
Income (IRS master file)
$18,869,269

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$18,869,269$26,082,793$77,888,045XML
990December 2023$16,595,322$22,909,834$80,525,812XML
990December 2022$16,757,627$14,111,697$88,971,313IRS
990December 2021–––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 85-2050585).

Questions about THE ASIAN AMERICAN FOUNDATION

What is the EIN of THE ASIAN AMERICAN FOUNDATION?
The employer identification number (EIN) of THE ASIAN AMERICAN FOUNDATION is 85-2050585.
Is THE ASIAN AMERICAN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to THE ASIAN AMERICAN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE ASIAN AMERICAN FOUNDATION 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 THE ASIAN AMERICAN FOUNDATION 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 THE ASIAN AMERICAN FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE ASIAN AMERICAN FOUNDATION?
The 990 for the year ended December 31, 2024 names NORMAN CHEN.
Who are the officers and directors of THE ASIAN AMERICAN FOUNDATION?
The 990 for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization, the highest $340,496 (PRISCA BAE, CHIEF PARTNERSHIPS OFFICER).
How much revenue does THE ASIAN AMERICAN FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $18,869,269, expenses of $26,082,793 and total assets of $77,888,045 at year end.

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