Association of Asian American Investment Managers

EIN: 611929006 501(c)(3) Community Improvement

San Francisco, CA

Total Revenue
$1,921,346
Total Expenses
$1,705,316
Total Assets
$2,228,584
Net Assets
$1,838,084
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Tax Period
2024-01-01 to 2024-12-31

Association of Asian American Investment Managers, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 11% surplus.

Mission

Founded in the Year 2006, the Association of Asian American Investment Managers AAAIM is a national trade association dedicated to the advance of AAPIs Asian Americans & Pacific-Islanders in the asset management industry. AAAIM supports those trying to access top positions at major investment firms while also promoting an entrepreneurial route for investment managers that start their own firms. AAAIM is committed to providing an association that creates an educational forum for sharing expertise within the AAPI investment community to build a pipeline of next generation leaders by encouraging more AAPI students to enter the field and to serve as a catalyst for strategic relationships between AAPI managers and institutional investors.

Program Service Accomplishments

Program 1
Expenses: $1,069,950

All other achievements

Program 2

Supporting Career Education for Underserved College Students) AAAIM?s second year of Accelerate Externship provided an interactive, hybrid program for underrepresented students interested in the...

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Supporting Career Education for Underserved College Students) AAAIM?s second year of Accelerate Externship provided an interactive, hybrid program for underrepresented students interested in the field of investment management to develop skills needed to apply for internships, networking, and better prepare them for the workforce. AAAIM?s Externship is an intensive 7-day hybrid program in the summer, offering externs an experiential learning opportunity. The externship accepts a small group of up to 30 undergraduate college students, selected through an application-based process. Externs will engage in professional development training focusing on resume building, interviewing techniques, and relationship building, while interacting with investment and finance professionals, heads of Human Resources and Talent, and industry veterans. At the end of the externship, AAAIM facilitated mentorship connections and shares potential industry opportunities for externs. This program is open to all undergraduate students to apply, with a special emphasis on supporting students coming from modest income families or non-target institutions. In 2024, we had 24 universities and colleges represented, 30 externs accepted with 45% identifying as female, and 65% received a financial stipend directly from AAAIM to attribute to expenses/costs associated with the program.

Program 3

Research and Education) Since our initial study in 2020 with Bella Private Markets, AAAIM continues to expand its research efforts to bring awareness of the barriers faced by AAPI professionals in...

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Research and Education) Since our initial study in 2020 with Bella Private Markets, AAAIM continues to expand its research efforts to bring awareness of the barriers faced by AAPI professionals in the investment management industry. Our 2024 research introduced two groundbreaking reports: The State of AAPIs in Venture Capital and Opportunities for AAPI Emerging Managers in Institutional Investment. Through these two reports, we build upon previous findings and examining further the representation at each stage of ones career across the investment management industry. The State of AAPIs in Venture Capital study, in partnership with UC Berkeley Sutardja Center for Entrepreneurship and Technology (SCET) and DECODE, explored the representation and experiences of Asian American professionals in the Venture Capital industry, bringing to light the disparities and underrepresentation in leadership, funding access, and career progression. Some revelations from our research include a low, single-digit percentage of representation ? only 3.3% of VC funds are AAPI owned and that the path to promotion and becoming an investing partner takes 41% longer (AAPI professionals worked in junior roles for an average of 3 years, 10 months. Non-AAPI professionals were promoted in 2 years, 9 months). Our final research from 2024, Opportunities for AAPI Emerging Managers in Institutional Investment, in partnership with Bella Private Markets, revealed a concerning issue on allocation and access from institutional investors to emerging manager programs, specifically those of AAPI identity. Our key findings from the report state that AAPI-owned firms are often not explicitly included in emerging manager programs with diversity criteria, at 30%, in addition to only 2.7% are actively AAPI-owned fund investments in portfolios of investors with emerging manager initiatives.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,555,873
Program Service Revenue $345,952
Investment Income $19,521
Other Revenue $0
TOTAL REVENUE $1,921,346

Expense Breakdown

Grants Paid $3,090
Salaries & Benefits $608,397
Fundraising Expenses $170,223
Program Expenses $1,069,950
Other Expenses $1,093,829
TOTAL EXPENSES $1,705,316

Year-over-Year Comparison

2024 2023 Change
Revenue $1,921,346 $1,767,969 +0.1%
Expenses $1,705,316 $1,413,826 +0.2%
Net Income $216,030 $354,143 -0.4%
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
16
Independent Members
N/A
Employees
N/A
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
2
$455,250
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim Park CEO 40.00
Officer
$354,882 $0 $354,882
Catherine Canlas Vice President 40.00
Officer
$100,368 $0 $100,368
Brenda Chia Chairman 1.00
Director
$0 $0 $0
Gordon Liao Chairman 1.00
Director
$0 $0 $0
William Park Director 1.00
Director
$0 $0 $0
Prashant Mehrotra Director 1.00
Director
$0 $0 $0
Susan Soh Director 1.00
Director
$0 $0 $0
David Lam Director 1.00
Director
$0 $0 $0
Johnny Wu Director 1.00
Director
$0 $0 $0
Sanjiv Shah Chairman 1.00
Director
$0 $0 $0
Suzanne Wong Treasurer 1.00
Director
$0 $0 $0
York Lo Director 1.00
Director
$0 $0 $0
Deepa Patil Madhani Director 1.00
Director
$0 $0 $0
Sammy Suzuki Director 1.00
Director
$0 $0 $0
Sona Menon Director 1.00
Director
$0 $0 $0
David Sheng Director 1.00
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 $1,921,346 $1,705,316 $2,228,584 $216,030
2023 $1,767,969 $1,413,826 $1,790,136 $354,143
2022 $1,477,064 $1,379,247 $1,438,911 $97,817
2021 $951,076 $815,709 $1,237,344 $135,367
2020 $373,635 $331,894 $1,099,729 $41,741
2019 $29,393 $128,075 $992,986 $-98,682
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