ASIA INSTITUTE INC

EIN: 611107169 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$388,567
Total Expenses
$452,291
Total Assets
$2,270,295
Net Assets
$1,973,711
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
KY
Principal Officer
JOEL BUNO
Phone
5029053883
Tax Period
2024-07-01 to 2025-06-30

ASIA INSTITUTE INC, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $389K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $452K exceeded revenue, resulting in a 16% operating deficit.

Mission

ASIA INSTITUTE-CRANE HOUSE, IS A COMMUNITY RESOURCE THAT PROMOTES UNDERSTANDING OF ASIAN CULTURES AND HERITAGE THROUGH EDUCATION,OUTREACH AND THE ARTS.

Program Service Accomplishments

Program 1
Expenses: $171,832 Revenue: $58,883

LANGUAGE PROGRAMS- AICH PRESENTS PROGRAMS TO TEACH AMERICANS ASIAN LANGUAGES AND TO TEACH ASIANS TO SPEAK ENGLISH. AICH ESTABLISHED THE TEACH IN ASIA (TIA) PROGRAM IN 1988 TO SEND QUALIFIED AMERICAN...

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LANGUAGE PROGRAMS- AICH PRESENTS PROGRAMS TO TEACH AMERICANS ASIAN LANGUAGES AND TO TEACH ASIANS TO SPEAK ENGLISH. AICH ESTABLISHED THE TEACH IN ASIA (TIA) PROGRAM IN 1988 TO SEND QUALIFIED AMERICAN TEACHERS TO LANGUAGE PROGRAMS- AICH PRESENTS PROGRAMS TO TEACH AMERICANS ASIAN LANGUAGES AND TO TEACH ASIANS TO SPEAK ENGLISH. AICH ESTABLISHED THE TEACH IN ASIA (TIA) PROGRAM IN 1988 TO SEND QUALIFIED AMERICAN TEACHERS TO ASIA TO CONDUCT THREE-WEEK SUMMER TRAINING PROGRAMS IN CONVERSATIONAL ENGLISH AND TO INTRODUCE AMERICAN CULTURE TO TEACHERS IN ASIA. OVER THE YEARS AICH HAS SENT OVER 500 TEACHERS TO ASIA WITH THIS PROGRAM. WITH RENEWED FUNDING FROM THE FREEMAN FOUNDATION, THE TIA PROGRAM RENEWED IN SUMMER 2023. CURRENT SITES ARE CHIAYI COUNTY, DAPU, AND SINGANG TAIWAN. ADDITIONAL SITES INCLUDE SHANGHAI AND JIUJIANG CHINA.AICH CONTINUES TO FILL THE GAP WHERE OUR LOCAL EDUCATIONAL SYSTEMS LACK OFFERINGS OF ASIAN LANGUAGES. AICH, IN CONJUNCTION WITH THE UNIVERSITY OF LOUISVILLE, HAS ESTABLISHED A CHINESE AND JAPANESE LANGUAGE CORNER. OUR LANGUAGE CORNER SUCCESSFULLY LAUNCHED IN SEPTEMBER OF 2022. LANGUAGE CORNER IS DESIGNED TO CATER TO ADULT LANGUAGE LEARNERS AND LOCAL SCHOOL STUDENTS WHO ARE INTERESTED IN LANGUAGE LEARNING. THE FIRST STAGE FOCUSES ON CHINESE. THE PROGRAM INCLUDES SPECIAL EVENTS (SUCH AS MOON CAKE MAKING, MAHJONG LESSONS AND CHINESE CULTURAL DANCE) AND WEEKLY CHINESE CLUBS - AFTER SCHOOL PROGRAMS AT VARIOUS LOCAL ELEMENTARY AND MIDDLE SCHOOLS. OUR NEXT PHASE WILL CONTINUE WITH CHINESE CONVERSATION ENGAGEMENT, BUT ALSO WILL INCORPORATE JAPANESE LANGUAGE AND SPECIAL EVENTS. OUR LANGUAGE CORNERS HAVE IMPACTED OVER 330 PARTICIPANTS.

Program 2
Expenses: $66,052

SPECIAL COMMUNITY EVENTS - AICH IS THE PREMIER CONVENOR OF THE ASIAN COMMUNITIES AND PUTS ON CITYWIDE EVENTS THROUGHOUT THE YEAR. FOLLOWING ARE EXAMPLES OF OUR BIG ENGAGEMENT EVENTS THROUGHOUT THE...

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SPECIAL COMMUNITY EVENTS - AICH IS THE PREMIER CONVENOR OF THE ASIAN COMMUNITIES AND PUTS ON CITYWIDE EVENTS THROUGHOUT THE YEAR. FOLLOWING ARE EXAMPLES OF OUR BIG ENGAGEMENT EVENTS THROUGHOUT THE YEAR. AICH'S LUNAR NEW YEAR, YEAR OF THE SNAKE / SPRING FESTIVAL AUCTION AND DINNER IS ONE OF OUR BIGGEST ENGAGEMENTS AND FUNDRAISERS THROUGHOUT THE WHOLE YEAR. THE EVENT FEATURES TRADITIONAL ASIAN CULTURAL OUTFITS, LOCAL ASIAN ENTERTAINMENT, AND WONDERFUL ASIAN CULINARY FLAVORS. THE SUPPORT OF THE COMMUNITY AND CORPORATE SUPPORT, OUR EVENT IS ATTENDED BY OVER 200 ATTENDEES AND SUPPORTERS. ASIAN NIGHT MARKET - SEPTEMBER 13, 2024 AICH HOSTED OUR VERY SUCCESSFUL ASIAN NIGHT MARKET AT FOURTH STREET LIVE! FSL! RETAIL VENDORS, LOCAL ASIAN ENTERTAINMENT, LOCAL ASIAN COMMUNITY SOCIAL GROUPS AND CORPORATE ERGS SHOWCASED TO THE COMMUNITY A TYPICAL ASIAN NIGHT MARKET SCENE. OUR MOST RECENT EVENT FILLED FSL! TO CAPACITY (OVER 3,500 ATTENDEES) AND SUCCESSFULLY GAVE THE FEEL OF ASIA USING LOCAL VENDORS AND TALENT. OUR MAYOR HAS ASKED AICH TO MAKE THIS AN ANNUAL EVENT.

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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 $158,532
Program Service Revenue $58,883
Investment Income $85,432
Other Revenue $85,720
TOTAL REVENUE $388,567

Expense Breakdown

Grants Paid $6,263
Salaries & Benefits $232,445
Fundraising Expenses $45,649
Program Expenses $237,884
Other Expenses $213,583
TOTAL EXPENSES $452,291

Year-over-Year Comparison

2024 2023 Change
Revenue $388,567 $300,117 +0.3%
Expenses $452,291 $487,568 -0.1%
Net Income $-63,724 $-187,451 -0.7%
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
13
Independent Members
13
Employees
4
Volunteers
85

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
$85,745
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE MARIE V GRISANTI PRESIDENT 3.00
Officer Director
$0 $0 $0
SARAVANAN MURUGAN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
RIJAN MANANDHAR TREASURER 3.00
Officer Director
$0 $0 $0
BRIAN LEE SECRETARY 3.00
Officer Director
$0 $0 $0
SARAH TRAINOR GRAVES DIRECTOR 1.00
Director
$0 $0 $0
ROBERT JONES DIRECTOR 1.00
Director
$0 $0 $0
WESLEY T KAWATA DIRECTOR 1.00
Director
$0 $0 $0
TIANLING LI DIRECTOR 1.00
Director
$0 $0 $0
RALPH MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
VAHID MOCKON DIRECTOR 1.00
Director
$0 $0 $0
BELINDA CHOO MUENCH DIRECTOR 1.00
Director
$0 $0 $0
DI TRAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW ZHAO DIRECTOR 1.00
Director
$0 $0 $0
JOEL BUNO EXECUTIVE DIRECTOR 40.00
Officer
$83,345 $2,400 $85,745
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 $388,567 $452,291 $2,270,295 $-63,724
2024 No data No data No data No data
2023 $775,735 $708,412 $2,332,640 $67,323
2022 $540,760 $321,621 $2,146,325 $219,139
2021 $137,828 $189,444 $2,171,035 $-51,616
2020 $211,834 $304,396 $1,972,438 $-92,562
2019 $355,646 $388,871 $2,054,517 $-33,225
2018 $1,097,720 $476,649 $2,081,680 $621,071
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