ASIA SOCIETY TEXAS CENTER

EIN: 030433949 501(c)(3) Arts, Culture & Humanities

HOUSTON, TX

Total Revenue
$7,992,856
Total Expenses
$6,739,007
Total Assets
$72,058,811
Net Assets
$71,347,107
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
TX
Principal Officer
BONNA KOL
Phone
7134969901
Tax Period
2024-07-01 to 2025-06-30

ASIA SOCIETY TEXAS CENTER, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

ACROSS THE FIELDS OF PERFORMING ARTS, VISUAL ARTS, EDUCATION AND OUTREACH, BUSINESS & POLICY, ASTC PROVIDES INSIGHT, GENERATES IDEAS, AND PROMOTES COLLABORATION TO ADDRESS PRESENT CHALLENGES AND CREATE A SHARED FUTURE. ASTC OPERATES AS A SEPARATE 501(C)(3) ORGANIZATION AND HAS AN AFFILIATE RELATIONSHIP WITH ASIA SOCIETY, A GLOBAL NETWORK.

Program Service Accomplishments

Program 1
Expenses: $1,764,206 Revenue: $810,863

THE PERFORMING ART AND CULTURE DEPARTMENT - THROUGH DANCE, FOOD, FILM, LITERATURE, MUSIC, AND THEATRE, ASTC'S PERFORMING ARTS AND CULTURE PROGRAMS CELEBRATE THE VIBRANCY OF ASIAN CULTURES THROUGH...

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THE PERFORMING ART AND CULTURE DEPARTMENT - THROUGH DANCE, FOOD, FILM, LITERATURE, MUSIC, AND THEATRE, ASTC'S PERFORMING ARTS AND CULTURE PROGRAMS CELEBRATE THE VIBRANCY OF ASIAN CULTURES THROUGH TRADITIONAL AND CONTEMPORARY ARTS TO ENGENDER CURIOSITY, EMPATHY, AND A BETTER UNDERSTANDING OF OUR COMMUNITY AND THE WORLD. MANY OF THESE ANNUAL OFFERINGS ARE PRESENTED IN COLLABORATION WITH SOME OF HOUSTON'S MOST PRESTIGIOUS AND DIVERSE CULTURAL ORGANIZATIONS LIKE MILLER OUTDOOR THEATRE, HOUSTON BALLET, INPRINT, ANJALI CENTER FOR PERFORMING ARTS, HOUSTON CINEMA ARTS FESTIVAL, HOUSTON GRAND OPERA, AND MORE.

Program 2
Expenses: $1,272,085 Revenue: $832,353

THE BUSINESS AND POLICY DEPARTMENT OF ASIA SOCIETY TEXAS FOSTERS A BETTER UNDERSTANDING OF OUR INTERCONNECTED WORLD THROUGH PROGRAMMING THAT ELEVATES DIALOGUE AND IDEAS TO COMBAT BIAS AND CONNECTS...

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THE BUSINESS AND POLICY DEPARTMENT OF ASIA SOCIETY TEXAS FOSTERS A BETTER UNDERSTANDING OF OUR INTERCONNECTED WORLD THROUGH PROGRAMMING THAT ELEVATES DIALOGUE AND IDEAS TO COMBAT BIAS AND CONNECTS HOUSTONIANS WITH GLOBAL BUSINESS AND THOUGHT LEADERS, AUTHORS, SCHOLARS, DIPLOMATS, AND POLICY EXPERTS. OUR PROGRAMS ARE PRIMARILY IN-PERSON AT ASIA SOCIETY TEXAS. IN FY24-25, WE HOSTED 24 IN-PERSON PROGRAMS AND WELCOMED 3,010 GUESTS. KEY B&P PROGRAMS INCLUDED DISCUSSIONS ON U.S. FOREIGN POLICY, INCLUDING PROGRAMS LOOKING AT BOTH US-KOREAN AND US-TURKISH RELATIONS, THE CAREERS OF DYNAMIC FEMALE DIPLOMATS, GLOBAL ARCHITECTURE, HEALTHCARE INNOVATIONS, ECONOMIC LINKAGES BETWEEN TEXAS AND JAPAN, AND DIPLOMATIC ROUNDTABLES WITH THE U.S. AMBASSADOR TO VIETNAM AND TAIWAN'S REPRESENTATIVE TO THE U.S. THIS YEAR, WE ALSO INCORPORATED A GUIDED TASTING OF AUSTRALIAN WINE AND A US-JAPAN SISTER CITIES SAKE TASTING EVENT. THE ANNUAL HUFFINGTON AWARD DINNER HONORED COLE CHEMICAL PRESIDENT AND CEO AND LONGTIME HOUSTON COMMUNITY LEADER DONNA COLE. NOTABLE SPEAKERS INCLUDED MSNBC JOURNALIST ALI VELSHI, WORLD-RENOWNED ARCHITECT FARSHID MOUSSAVI, NBC NEWS ANCHOR VICKY NGUYEN, NEW YORK TIMES BESTSELLING AUTHOR ALKA JOSHI, FORMER AMBASSADOR DAVID SATTERFIELD, AND MITSUBISHI HEAVY INDUSTRIES CEO TAKAJIRO ISHIKAWA.

Program 3
Expenses: $1,679,434 Revenue: $778,355

THE EDUCATION DEPARTMENT LIES AT THE HEART OF THE ASIA SOCIETY'S MISSION, FOCUSING ON A VARIETY OF AUDIENCES, INCLUDING STUDENTS, ADULTS, FAMILIES, AND COMMUNITIES. THROUGH A BALANCED PROGRAMMING...

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THE EDUCATION DEPARTMENT LIES AT THE HEART OF THE ASIA SOCIETY'S MISSION, FOCUSING ON A VARIETY OF AUDIENCES, INCLUDING STUDENTS, ADULTS, FAMILIES, AND COMMUNITIES. THROUGH A BALANCED PROGRAMMING SCHEDULE THAT INCLUDES SCHOOL TOURS, ART & ARCHITECTURE TOURS, FAMILY PROGRAMS, LANGUAGE CLASSES, AND SUMMER CAMPS, EDUCATION AT THE TEXAS CENTER SPARKS CURIOSITY, BUILDS CROSS-CULTURAL EMPATHY, AND DEVELOPS GLOBAL COMPETENCY. ADDITIONALLY, THE PERMANENT EDUCATION EXHIBIT, EXPLORE ASIA, PROVIDES AN INTERACTIVE EXPERIENCE THAT IMMERSES GUESTS IN ASIAN CULTURE. OUR DIGITAL LEARNING PLATFORM OFFERS ENGAGING WEB COMICS FOR STUDENTS, COMPREHENSIVE LESSON GUIDES FOR EDUCATORS, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,685,027
Program Service Revenue $778,306
Investment Income $3,638,958
Other Revenue $890,565
TOTAL REVENUE $7,992,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,715,789
Fundraising Expenses $341,294
Program Expenses $6,125,666
Other Expenses $4,023,218
TOTAL EXPENSES $6,739,007

Year-over-Year Comparison

2024 2023 Change
Revenue $7,992,856 $7,069,438 +0.1%
Expenses $6,739,007 $6,249,258 +0.1%
Net Income $1,253,849 $820,180 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
47
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$768,580
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTYN E GOOSSEN CHAIR 2.00
Officer Director
$0 $0 $0
DAVID HARVEY TREASURER 2.00
Officer Director
$0 $0 $0
EDWARD R ALLEN III VICE CHAIR 2.00
Officer Director
$0 $0 $0
RISHI VARMA VICE CHAIR 2.00
Officer Director
$0 $0 $0
Y PING SUN IMMEDIATE PA 2.00
Officer Director
$0 $0 $0
RANDY SIM SECRETARY 2.00
Officer Director
$0 $0 $0
NANCY C ALLEN LIFETIME DIR 2.00
Director
$0 $0 $0
ALBERT CHAO LIFETIME DIR 2.00
Director
$0 $0 $0
CHARLES FOSTER LIFETIME DIR 2.00
Director
$0 $0 $0
SUSHILA AGRAWAL DIRECTOR 2.00
Director
$0 $0 $0
SHAZAD BASHIR DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL CARTER DIRECTOR 2.00
Director
$0 $0 $0
ROBERTO CONTRERAS IV DIRECTOR 2.00
Director
$0 $0 $0
THERESA CHANG DIRECTOR 2.00
Director
$0 $0 $0
JAMES L CUCLIS DIRECTOR 2.00
Director
$0 $0 $0
AIMEE DITOMMASO DIRECTOR 2.00
Director
$0 $0 $0
MOHSIN IMTIAZ DIRECTOR 2.00
Director
$0 $0 $0
MELANIE LAWSON DIRECTOR 2.00
Director
$0 $0 $0
KEVIN LEWIS DIRECTOR 2.00
Director
$0 $0 $0
MOEZ MANGALJI DIRECTOR 2.00
Director
$0 $0 $0
ARSHAD MATIN DIRECTOR 2.00
Director
$0 $0 $0
JANET MATSUSHITA DIRECTOR 2.00
Director
$0 $0 $0
LEIGH SMITH DIRECTOR 2.00
Director
$0 $0 $0
JANAE TSAI DIRECTOR 2.00
Director
$0 $0 $0
MUSTAFA I TAMEEZ DIRECTOR 2.00
Director
$0 $0 $0
AL VICKERS DIRECTOR 2.00
Director
$0 $0 $0
ASHA VIRANI DIRECTOR 2.00
Director
$0 $0 $0
GEORGE YANG DIRECTOR 2.00
Director
$0 $0 $0
BONNA KOL PRESIDENT/CE 40.00
Officer
$305,800 $47,122 $352,922
SOPHIA WONG VP, FIN., HR 40.00
Officer
$156,057 $17,800 $173,857
SALEENA JAFRY VP, DEVELOPM 40.00
Officer
$115,020 $20,475 $135,495
STEPHANIE WONG VP, COMM./ A 40.00
Officer
$96,200 $10,106 $106,306
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,992,856 $6,739,007 $72,058,811 $1,253,849
2024 $7,069,438 $6,249,258 $70,604,528 $820,180
2023 $6,237,309 $4,342,583 $70,253,272 $1,894,726
2022 $11,118,753 $3,939,580 $68,059,236 $7,179,173
2021 $8,284,485 $3,690,153 $65,582,414 $4,594,332
2020 $3,052,666 $4,095,566 $57,858,648 $-1,042,900
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