THE ASIAN AMERICAN FOUNDATION

EIN: 852050585 501(c)(3) Civil Rights & Advocacy

WASHINGTON, DC

Total Revenue
$16,595,322
Total Expenses
$22,909,834
Total Assets
$80,525,812
Net Assets
$79,340,775
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
NORMAN CHEN
Phone
6176971590
Tax Period
2023-01-01 to 2023-12-31

THE ASIAN AMERICAN FOUNDATION, founded in 2020, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $16.6M in total revenue in fiscal year 2023. Expenses of $22.9M exceeded revenue, resulting in a 38% operating deficit.

Mission

THE ASIAN AMERICAN FOUNDATION'S (TAAF) SERVES THE AAPI COMMUNITY IN THEIR PURSUIT OF BELONGING AND PROSPERITY THAT IS FREE FROM DISCRIMINATION, SLANDER AND VIOLENCE, IN FURTHERANCE OF ITS CHARITABLE MISSION TAAF CONDUCTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,225,499
Program Service Revenue $0
Investment Income $1,369,823
Other Revenue $0
TOTAL REVENUE $16,595,322

Expense Breakdown

Grants Paid $9,084,238
Salaries & Benefits $5,698,747
Fundraising Expenses $348,173
Program Expenses $18,839,072
Other Expenses $8,126,849
TOTAL EXPENSES $22,909,834

Year-over-Year Comparison

2023 2022 Change
Revenue $16,595,322 $16,757,627 0.0%
Expenses $22,909,834 $14,111,697 +0.6%
Net Income $-6,314,512 $2,645,930 -3.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
51
Volunteers
7

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
3
$800,979
Total Directors
8
$501,722
Key Employees
3
$866,349
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN CHEN CEO AND DIRECTOR 40.00
Officer Director
$501,722 $0 $501,722
JERRY YANG DIRECTOR 10.00
Director
$0 $0 $0
JOE TSAI DIRECTOR 10.00
Director
$0 $0 $0
JONATHAN GREENBLATT DIRECTOR 10.00
Director
$0 $0 $0
JOSEPH BAE DIRECTOR 10.00
Director
$0 $0 $0
LI LU CHAIRMAN 0.00
Director
$0 $0 $0
PENG ZHAO DIRECTOR/TREASURER 10.00
Officer Director
$0 $0 $0
SHEILA MARCELO DIRECTOR 10.00
Director
$0 $0 $0
ISABEL KIM CHIEF FINANCIAL OFFICER 40.00
Officer
$299,257 $0 $299,257
PRISCA BAE CHIEF PARTNERSHIPS OFFICER 40.00
Key Emp
$329,709 $0 $329,709
AUDREY YAMAMOTO CHIEF OPERATING OFFICER 40.00
Key Emp
$294,805 $0 $294,805
GEORGETTE BHATHENA CHIEF PROGRAM OFFICER 40.00
Key Emp
$241,835 $0 $241,835
JOY MOH HEAD OF COMMUNICATIONS AND MARKETING 40.00
Highest
$229,622 $0 $229,622
ROHIT PAUL HEAD OF PEOPLE, TALENT AND CULTURE 40.00
Highest
$221,824 $0 $221,824
EUGENA OH REGIONAL DIRECTOR, GREATER NEW YORK CITY AREA 40.00
Highest
$187,881 $0 $187,881
SRUTHI CHANDRASEKARAN DIRECTOR OF DATA AND RESEARCH 40.00
Highest
$154,727 $0 $154,727
TERRY PARK EDUCATION AND NARRATIVE CHANGE PROGRAM OFFICER 40.00
Highest
$130,789 $0 $130,789
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 No data No data No data No data
2023 $16,595,322 $22,909,834 $80,525,812 $-6,314,512
2022 $16,757,627 $14,111,697 $88,971,313 $2,645,930
2021 $100,728,075 $20,454,010 $89,049,217 $80,274,065
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