Association for Asian Studies Inc

EIN: 381615380 501(c)(3)

Ann Arbor, MI

Total Revenue
$4,165,794
Total Expenses
$3,886,703
Total Assets
$14,136,040
Net Assets
$11,730,926
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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
NY
Principal Officer
Hilary V Finchum-Sung
Phone
7346652490
Tax Period
2024-01-01 to 2024-12-31

Association for Asian Studies Inc, founded in 1941, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 7% surplus.

Mission

A non-profit dedicated to the advancement of the field of Asian Studies through international exchange, networking, publication, research support and career development.

Program Service Accomplishments

Program 1
Expenses: $929,460 Revenue: $1,076,486

Meeting and conferences to facilitate contact and exchange of information among scholars to increase the understanding of Asia. The Association conducts numerous regional and council meetings, and an...

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Meeting and conferences to facilitate contact and exchange of information among scholars to increase the understanding of Asia. The Association conducts numerous regional and council meetings, and an annual meeting for over 3,000 members and non-members.

Program 2
Expenses: $500,928 Revenue: $442,066

Publications including the Journal of Asian Studies, Bibliography of Asian Studies, Education About Asia, and publications developed for members and subscribers. There are approximately 7,000...

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Publications including the Journal of Asian Studies, Bibliography of Asian Studies, Education About Asia, and publications developed for members and subscribers. There are approximately 7,000 journals circulated annually.

Program 3
Expenses: $190,179 Revenue: $565,761

Membership dues include the activity to run and operate a professional service organization.

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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 $1,379,933
Program Service Revenue $2,084,313
Investment Income $665,359
Other Revenue $36,189
TOTAL REVENUE $4,165,794

Expense Breakdown

Grants Paid $899,764
Salaries & Benefits $1,304,525
Fundraising Expenses $2,630
Program Expenses $2,817,871
Other Expenses $1,682,414
TOTAL EXPENSES $3,886,703

Year-over-Year Comparison

2024 2023 Change
Revenue $4,165,794 $4,038,446 +0.0%
Expenses $3,886,703 $4,578,047 -0.2%
Net Income $279,091 $-539,601 -1.5%
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
15
Independent Members
14
Employees
14
Volunteers
N/A

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
6
$145,262
Total Directors
22
$145,262
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hyaeweol Choi President and Board Chair 2.00
Officer Director
$0 $0 $0
Nancy Peluso Vice President 2.00
Officer Director
$0 $0 $0
Jean Oi Past President 2.00
Officer Director
$0 $0 $0
Kamran Ali Past Past President 2.00
Officer Director
$0 $0 $0
Janet Theiss EIAC Chair 2.00
Director
$0 $0 $0
Charlotte Eubanks NEAC Chair 2.00
Director
$0 $0 $0
Walter Hakala SAC Chair 2.00
Director
$0 $0 $0
Michitake Aso SEAC Chair 2.00
Director
$0 $0 $0
Rebecca Corbett COC Chair 2.00
Director
$0 $0 $0
Durba Ghosh ACP Committee Chair 2.00
Director
$0 $0 $0
Elena Valussi DEI Chair 2.00
Director
$0 $0 $0
Siddharth Chandra FIN Committee Chair 2.00
Director
$0 $0 $0
Jan Bardsley Editorial BD Chair 2.00
Director
$0 $0 $0
Joseph Alter JAS Editor 2.00
Director
$0 $0 $0
Hilary Finchum-Sung Ex Officio 40.00
Officer Director
$112,435 $32,827 $145,262
Hy Luong Ended Past Past President 2.00
Officer Director
$0 $0 $0
Shellen Xiao Wu Ended EIAC Chair 2.00
Director
$0 $0 $0
Sonja Kim Ended NEAC Chair 2.00
Director
$0 $0 $0
Manan Ahmed Ended SAC Chair 2.00
Director
$0 $0 $0
Eunsook Jung Ended SEAC Chair 2.00
Director
$0 $0 $0
Anne Gerritsen Ended ACP Committee Chair 2.00
Director
$0 $0 $0
Don Wyatt Ended DEI Chair 2.00
Director
$0 $0 $0
Krisna Uk Dir. of Special Initiative 40.00
Highest
$121,482 $19,454 $140,936
Joanna Middleditch Dir. Of Financial Operations 40.00
Highest
$112,698 $28,839 $141,537
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 $4,165,794 $3,886,703 $14,136,040 $279,091
2023 $4,038,446 $4,578,047 $13,115,372 $-539,601
2022 $3,843,739 $4,289,443 $12,585,026 $-445,704
2021 $2,729,369 $2,241,209 $14,845,256 $488,160
2021 $3,531,848 $2,184,517 $14,863,721 $1,347,331
2020 $3,254,192 $1,991,908 $13,114,206 $1,262,284
2019 $4,220,874 $2,568,499 $12,394,923 $1,652,375
2018 $1,602,889 $2,647,767 $10,652,005 $-1,044,878
2018 $1,603,042 $2,649,103 $10,652,323 $-1,046,061
2017 $3,390,255 $2,633,991 $11,829,258 $756,264
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