US Asia Institute

EIN: 521162573 501(c)(3) International Affairs

Washington, DC

Total Revenue
$573,514
Total Expenses
$745,391
Total Assets
$412,531
Net Assets
$138,202
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Organization Details

Formation Year
1979
Legal Domicile
DC
Principal Officer
Mary Sue Bissell
Phone
2025443181
Tax Period
2024-01-01 to 2024-12-31

US Asia Institute, founded in 1979, is a small nonprofit in the International Affairs sector that reported $574K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $745K exceeded revenue, resulting in a 30% 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: $118,916

Professional development programs: American Rule of Law. American law students traveled to China and Hong Kong for a two-week period in May 2024 to learn firsthand about Chinas legal system. This...

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Professional development programs: American Rule of Law. American law students traveled to China and Hong Kong for a two-week period in May 2024 to learn firsthand about Chinas legal system. 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 ninth 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 as the program returned to an in-person format. 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 gain insight into the U.S. rule of law system This was the 17th year the program was held. Youth Development Programs The US-Asia Institute continued three youth development programs for Filipino American, Mongolian American, and, for the first time ASEAN Diaspora young leaders. The Thai American National Internship Program took a hiatus due to lack of budget from the Thai government. 3 Thai Americans were included in the ASEAN Diaspora program 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. 8 participants were selected with all participating in person The ASEAN Diaspora welcomed 6 students, all in-person. The Mongolian-US National Civic Engagement Program (MUNCEP) brought 5 students to Washington DC to participate in the program. USAI Internship Program. 18 outstanding young people from around the globe participated in the US-Asia Institutes internship program in 2024. 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. USAI x SGN Cultural Exchange and Community Building: A Path to Professional Success USAI and the Singapore Global Network (SGN) hosted virtual discussion for the ASEAN Diaspora. West Coast Event More than 300 people attended a star-studded special event in Los Angeles July 2, 2024 to celebrate USAIs 45th Anniversary and to address pathways forward from Asian Hate to positive community engagement. USAI Founding Family icon Nancy Tom was honored with a special award along with Congresswoman Judy Chu and community organizer and activist Bill Imada.

Program 2
Expenses: $109,577

Networking Receptions: The US-Asia Institute kicked off 2024 and its 45th Anniversary Year of its founding with its annual Lunar New Year reception. More than 350 attendees participated from the...

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Networking Receptions: The US-Asia Institute kicked off 2024 and its 45th Anniversary Year of its founding with its annual Lunar New Year reception. More than 350 attendees participated from the government, business, academic and diplomatic communities. Courtyard Receptions. In July and September of 2024, 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. Holiday Luncheon. An in-person holiday luncheon was hosted by USAI in December 2024 to show appreciation for USAI Board Members, Advisory Board counselors, Congressional Circle, and other friends and volunteers who support USAI. 63 people were able to attend in person.

Program 3
Expenses: $89,101

Briefings and Webinars: Most of the US-Asia Institutes programming were in-person event. Those programs that were virtual remained on the Zoom platform, enabling USAI to expand its reach for audience...

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Briefings and Webinars: Most of the US-Asia Institutes programming were in-person event. Those programs that were virtual remained on the Zoom platform, enabling USAI to expand its reach for audience participation and to attract speakers from around the world. In 2024, USAI hosted: China 101 seminars for Congressional staff (in person) ASEAN 101 seminars for Congressional staff (in person) India 101 seminars for Congressional staff (in person) Korea 101 seminars for Congressional staff (in person) Japan 2024 seminars for Congressional Staff (in person; smaller roundtable discussions) Southeast Asia In Focus Webinars (virtually) Northeast Asia In Focus Webinars (virtually) North Korea briefings (virtually and in person)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $544,071
Program Service Revenue $0
Investment Income $19,243
Other Revenue $10,200
TOTAL REVENUE $573,514

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $274,323
Fundraising Expenses $107,539
Program Expenses $509,590
Other Expenses $379,711
TOTAL EXPENSES $745,391

Year-over-Year Comparison

2024 2023 Change
Revenue $573,514 $608,333 -0.1%
Expenses $745,391 $739,652 +0.0%
Net Income $-171,877 $-131,319 +0.3%
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
6
Volunteers
106

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
$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 PresidentSecretaryTrustee 40.00
Officer Director
$120,000 $3,000 $123,000
Tom Ara Trustee 0.30
Director
$0 $0 $0
Julie Chon Trustee 0.20
Director
$0 $0 $0
Chris Fenton Trustee 0.30
Director
$0 $0 $0
Wally Hsueh Trustee 0.40
Director
$0 $0 $0
Christopher McCannell Trustee 0.40
Director
$0 $0 $0
Nien Su Trustee 0.40
Director
$0 $0 $0
Lisabeth Sugahara Trustee 0.20
Director
$0 $0 $0
Liza Walsh Trustee 0.20
Director
$0 $0 $0
Glenn Lau-Kee ChairmanTrustee 2.00
Officer Director
$0 $0 $0
Javade Chaudhri Vice ChairmanTrustee 0.20
Officer Director
$0 $0 $0
Benjamin Wu Vice ChairmanTrustee 0.20
Officer Director
$0 $0 $0
David Craig Lew TreasurerTrustee 0.80
Officer Director
$0 $0 $0
Tami Overby Vice ChairmanTrustee 0.40
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
2024 $573,514 $745,391 $412,531 $-171,877
2023 $608,333 $739,652 $361,446 $-131,319
2022 $657,615 $732,315 $493,540 $-74,700
2021 $672,183 $549,529 $547,015 $122,654
2020 $667,524 $516,416 $406,815 $151,108
2019 $744,594 $712,041 $220,585 $32,553
2018 $468,748 $495,373 $190,889 $-26,625
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