US Asia Institute

EIN: 453537620 501(c)(3)

Washington, DC

Total Revenue
$657,615
Total Expenses
$732,315
Total Assets
$493,540
Net Assets
$466,347
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
DC
Principal Officer
Mary Sue Bissell
Tax Period
2022-01-01 to 2022-12-31

US Asia Institute, founded in 1979, is a small nonprofit that reported $658K in total revenue in fiscal year 2022. Expenses of $732K exceeded revenue, resulting in a 11% operating deficit.

Mission

To facilitate understanding and communication between the U.S. and Asia by educating congressional members and staff; diplomats; and others from business, government, and academia through people-to-people exchanges, off-the-record briefings, networking

Program Service Accomplishments

Program 1
Expenses: $239,226

Briefings and Webinars:All of the US-Asia Institutes programming remained on virtual platforms primarily Zoom and Zoom Webinar. USAI continued to successfully host a number of programs this way...

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Briefings and Webinars:All of the US-Asia Institutes programming remained on virtual platforms primarily Zoom and Zoom Webinar. USAI continued to successfully host a number of programs this way expanding our reach for not only audience participation but the ability to attract speakers from around the world as well. In 2022, USAI hosted: China 101 seminars for Congressional staff (in person and virtually) ASEAN 101 seminars for Congressional staff (in person and virtually) India 101 seminars for Congressional staff (virtually) Japan 2023 seminars for Congressional Staff (in person; smaller roundtable discussions) Southeast Asia In Focus Webinars (virtually) Northeast Asia In Focus Webinars (virtually) A number of webinar open to the public on other topics of interest

Program 2
Expenses: $147,014

Networking Receptions:The US-Asia Institute kicked off 2022 with its annual Lunar New Year reception. Because of the resurgence in COVID cases, it was hosted virtually. More than 250 virtual...

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Networking Receptions:The US-Asia Institute kicked off 2022 with its annual Lunar New Year reception. Because of the resurgence in COVID cases, it was hosted virtually. More than 250 virtual attendees participated from the govt, business, academic and diplomatic communities. Courtyard Receptions. In May and July of 2022, the US-Asia Institute hosted Courtyard Receptions utilizing the outdoor space surrounding USAI Headquarters. More than 350 people stopped by. These receptions are integral to USAIs mission of people-to-people interaction to build understanding and keep the lines of communication open. Virtual programming, though it has its value, will never replace in-person interaction. Holiday Luncheon. An in-person holiday luncheon was hosted by USAI in December 2022 to show appreciation for USAI Board Members, Advisory Board counselors, Congressional Circle, and other friends and volunteers who support USAI. 45 people were able to attend in person.

Program 3
Expenses: $107,151

Professional development program:American rule of law. American law students, though once again unable to travel to China and Hong Kong for a two-week period to learn firsthand about Chinas legal...

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Professional development program:American rule of law. American law students, though once again unable to travel to China and Hong Kong for a two-week period to learn firsthand about Chinas legal system, were able to participate in a virtual program. This program found them meeting with law professors and students, government and non-government institutions, lawyers and businessmen in Hong Kong, shanghai , Beijing and Shenzhen. The interactive discussions provided them with a basic knowledge of China and Hong Kongs legal systems, allowing for comparisons to the us rule of law. This was the sixth year of this program. Chinese Rule of Law. The Chinese rule of law program brought Chinese law students from three top Chinese universities Tsinghua, Peking University School for Transnational Law and Shanghai Jiao Tongto the US (two in-person and 5 virtually) The students were able to meet with Members and staff of Congress, judges at all levels, law students, practicing lawyers, think tanks and others to gain insight into the U.S. rule of law system This was the 16th year the program was held. Youth Development ProgramsThe US-Asia Institute continued two youth development programs for Filipino American and Thai American young leaders and launched a third for Mongolian American young leaders.IMPACT! USAI continued a youth empowerment program for Filipino American young people to provide them the opportunity to build a stronger understanding of how the US government works and how they can make a difference by becoming actively engaged in their communities. The participants were placed in virtual internships around Washington DC to engage with policy and thought leaders firsthand. Six participants were selected with all participating in person The Thai American National Internship Program (TANIP) returned in 2022 with 4 students, all in-person.The Mongolian-US National Civic Engagement Program (MUNCEP) was launched in 2022 with 5 students participating, all in-person US-Asia Institute Internship Program. 20 outstanding young people from around the globe participated in the US-Asia Institutes internship program in 2022. From special high school mentoring programs to short term mini-mester experiences to part and full-time internships, the USAI served as a unique training ground for aspiring young professionals to learn firsthand how government works and the interaction between the government, business, academic and diplomatic communities. The internship was bolstered by weekly Lunch and Learns where USAI trustees, advisors, and contacts offered their unique insights into various issues, career paths, and more. The USAI internship network coupled with the other professional development programs numbers more than 1,000 members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $650,170
Program Service Revenue $0
Investment Income $7,396
Other Revenue $49
TOTAL REVENUE $657,615

Expense Breakdown

Grants Paid $0
Salaries & Benefits $240,714
Fundraising Expenses $73,179
Program Expenses $527,155
Other Expenses $491,601
TOTAL EXPENSES $732,315

Year-over-Year Comparison

2022 2021 Change
Revenue $657,615 $672,183 0.0%
Expenses $732,315 $549,529 +0.3%
Net Income $-74,700 $122,654 -1.6%
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
14
Independent Members
13
Employees
3
Volunteers
121

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
5
$123,000
Total Directors
14
$123,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Sue Bissell Executive DirectorSecretary 40.00
Officer Director
$102,000 $21,000 $123,000
Tami Overby Trustee 0.40
Director
$0 $0 $0
Christopher McCannell Trustee 0.40
Director
$0 $0 $0
Wally Hsueh Trustee 0.40
Director
$0 $0 $0
Liza Walsh Trustee 0.20
Director
$0 $0 $0
Lisabeth Sugahara Trustee 0.20
Director
$0 $0 $0
Nien Su Trustee 0.40
Director
$0 $0 $0
Chris Fenton Trustee 0.30
Director
$0 $0 $0
Tom Ara Trustee 0.30
Director
$0 $0 $0
Julie Chon Trustee 0.20
Director
$0 $0 $0
Javade Chaudhri Vice ChairmanTrustee 0.20
Officer Director
$0 $0 $0
Glenn Lau-Kee ChairmanTrustee 2.00
Officer Director
$0 $0 $0
David Craig Lew TreasurerTrustee 0.80
Officer Director
$0 $0 $0
Benjamin Wu Vice ChairmanTrustee 0.20
Officer Director
$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
2022 $657,615 $732,315 $493,540 $-74,700
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