Formosan Association for Public Affairs

EIN: 112615291 501(c)(3) Youth Development

Washington, DC

Total Revenue
$1,417,881
Total Expenses
$917,245
Total Assets
$5,576,723
Net Assets
$5,468,331
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
DC
Principal Officer
Su-Mei Kao
Phone
2025473686
Tax Period
2024-01-01 to 2024-12-31

Formosan Association for Public Affairs, founded in 1982, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $501K, a strong 35% operating margin.

Mission

To educate Americas cherished values to Taiwanese Americans. To promote people-to-people relationship between the U.S. and Taiwan. To motivate Taiwanese Americans to be involved in grassroot participation in Americans mainstream cultural process.

Program Service Accomplishments

Program 1
Expenses: $839,587 Revenue: $1,417,738

Activities related to FAPAs main mission as mentioned in Part III Line 1 above.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,359,721
Program Service Revenue $0
Investment Income $50,180
Other Revenue $7,980
TOTAL REVENUE $1,417,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $418,277
Fundraising Expenses $0
Program Expenses $839,587
Other Expenses $498,968
TOTAL EXPENSES $917,245

Year-over-Year Comparison

2024 2023 Change
Revenue $1,417,881 $906,401 +0.6%
Expenses $917,245 $895,561 +0.0%
Net Income $500,636 $10,840 +45.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
10
Independent Members
10
Employees
9
Volunteers
87

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
0
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Su-Mei Kao National President N/A
Director
$0 $0 $0
Chia-Chun Chung National Vice President N/A
$0 $0 $0
Anny Chiao-Yun Hsiao Executive Director N/A
Key Emp
$0 $0 $0
Tony Lee Director N/A
$0 $0 $0
Chien-Yu Chou Director N/A
$0 $0 $0
Edwina Gurtler Director N/A
$0 $0 $0
Nancy Ho Director N/A
$0 $0 $0
Richard Wu Director N/A
$0 $0 $0
Rita Ho Director N/A
$0 $0 $0
CP Huan Director N/A
$0 $0 $0
Chieh-ting Yeh Director N/A
$0 $0 $0
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
2024 $1,417,881 $917,245 $5,576,723 $500,636
2023 $906,401 $895,561 $4,853,153 $10,840
2022 $-2,692,133 $913,113 $4,238,624 $-3,605,246
2021 $2,376,253 $393,529 $7,828,385 $1,982,724
2020 $1,160,122 $412,469 $5,842,575 $747,653
2019 $1,368,171 $929,711 $5,124,060 $438,460
2018 $931,125 $756,226 $4,651,364 $174,899
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