THE VERY ASIAN FOUNDATION

EIN: 874516826 501(c)(3) Philanthropy & Grantmaking

ST LOUIS, MO

Total Revenue
$200,826
Total Expenses
$197,032
Total Assets
$109,861
Net Assets
$109,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MO
Principal Officer
MICHELLE VAN DILLEN
Phone
3147199881
Tax Period
2023-01-01 to 2023-12-31

THE VERY ASIAN FOUNDATION, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $201K in total revenue in fiscal year 2023.

Mission

THE VERY ASIAN FOUNDATION'S MISSION IS TO SHINE A LIGHT ON ASIAN EXPERIENCES THROUGH ADVOCACY AND CELEBRATION.

Program Service Accomplishments

Program 1
Expenses: $47,773 Revenue: $1,199

THE VERY ASIAN FOUNDATION'S MISSION IS TO SHINE A LIGHT ON ASIAN EXPERIENCES THROUGH ADVOCACY AND CELEBRATION. THE ORGANIZATION ACCOMPLISHES THIS BY RAISING MONEY FOR ASIAN AMERICAN, NATIVE HAWAIIAN...

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THE VERY ASIAN FOUNDATION'S MISSION IS TO SHINE A LIGHT ON ASIAN EXPERIENCES THROUGH ADVOCACY AND CELEBRATION. THE ORGANIZATION ACCOMPLISHES THIS BY RAISING MONEY FOR ASIAN AMERICAN, NATIVE HAWAIIAN, AND PACIFIC ISLANDER (AANHPI) GROUPS AND ISSUES, AMPLIFYING DIVERSE STORIES AND EXPERIENCES, PROVIDING EDUCATION AND TRAINING OPPORTUNITIES FOR GROWTH ACROSS THE COUNTRY, AND HOSTING COMMUNITY BUILDING EVENTS SUCH AS FILM SCREENINGS, PANEL DISCUSSIONS, AND COMMUNITY MIXERS THAT FOSTER PRODUCTIVE DIALOGUE AND PROMOTE CULTURAL AWARENESS, UNDERSTANDING, AND APPRECIATION.

Program 2
Expenses: $65,009

THE MAY BOOK PROJECT IS AN ASIAN AMERICAN YOUTH GUIDE FOR ALL READERS THAT LAUNCHED IN MAY 2022. INSPIRED BY STUDENT'S CALLS FOR GREATER ASIAN AMERICAN, NATIVE HAWAIIAN, AND PACIFIC ISLANDER (AANHPI)...

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THE MAY BOOK PROJECT IS AN ASIAN AMERICAN YOUTH GUIDE FOR ALL READERS THAT LAUNCHED IN MAY 2022. INSPIRED BY STUDENT'S CALLS FOR GREATER ASIAN AMERICAN, NATIVE HAWAIIAN, AND PACIFIC ISLANDER (AANHPI) REPRESENTATION IN THE MADE BOOKS AVAILABLE TO THEM, THE MAY BOOK PROJECT PROVIDES A FREE TOOLKIT, RESOURCE GUIDE, AND BOOKLIST OF ABOUT 250 BOOKS OF HIGH-QUALITY, VETTED ASIAN AMERICAN LITERATURE. THE VERY ASIAN FOUNDATION THEN GIVES FREE BOOKS TO AT-NEED LIBRARIES. VAF HAS WORKED WITH LIBRARIES IN ATLANTA, CHICAGO, HENDERSON, NC, LOS ANGELES, MILWAUKEE, NEW YORK, SEATTLE, ST. LOUIS, AND ST. PAUL AND HAS HUNDREDS OF REQUESTS IN QUEUE. IT'S BEEN EMBRACED IN EACH STATE BECAUSE THIS PROJECT EMPHASIZES CHOICE AND CELEBRATION.

Program 3
Expenses: $12,152

THE VERY ASIAN CREATORS FUND AIMS TO PROVIDE FINANCIAL SUPPORT AND MENTORSHIP OPPORTUNITIES TO ASIAN AMERICAN, NATIVE HAWAIIAN, AND PACIFIC ISLANDER (AANHPI) INDIVIDUALS WHO ARE MAKING A CAREER PIVOT...

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THE VERY ASIAN CREATORS FUND AIMS TO PROVIDE FINANCIAL SUPPORT AND MENTORSHIP OPPORTUNITIES TO ASIAN AMERICAN, NATIVE HAWAIIAN, AND PACIFIC ISLANDER (AANHPI) INDIVIDUALS WHO ARE MAKING A CAREER PIVOT INTO A CREATIVE FIELD AND PROVIDE A LAUNCHPAD TO ACHIEVE THEIR GOALS AND MAKE AN IMPACT IN THEIR COMMUNITIES AND SOCIETY. THE VERY ASIAN CREATORS FUND ALSO INCLUDES THE IDEA THAT, BY AMPLIFYING THE VOICES, STORIES, AND PERSPECTIVES OF AANHPI CREATIVES AND BY PROVIDING A PLATFORM FOR THEM TO SHARE THEIR WORK, THIS GRANT PROGRAM CAN HELP CHANGE THE REPRESENTATION AND NARRATIVES IN THE CREATIVE INDUSTRY, BY PROVIDING A SPACE FOR MORE DIVERSE AND UNDERREPRESENTED VOICES AND PERSPECTIVES TO BE VISIBLE. BY PROVIDING MENTORSHIP OPPORTUNITIES, THE ORGANIZATION HOPES TO ALSO HELP DEMYSTIFY THE CAREER PIVOT PROCESS AND DEBUNK MYTHS HINDERING INDIVIDUALS IN PURSUIT OF THEIR CREATIVE CAREERS, BY PROVIDING REAL-LIFE EXAMPLES OF INDIVIDUALS WHO HAVE GONE THROUGH THE PROCESS AND MADE IT. THE OVERARCHING GOAL OF THIS PROGRAM IS TO EMPOWER AANHPI INDIVIDUALS TO MAKE A SUCCESSFUL TRANSITION INTO A CREATIVE CAREER AND TO PROMOTE REPRESENTATION AND DIVERSE NARRATIVES IN THE CREATIVE INDUSTRY, WHICH WILL HAVE A RIPPLE EFFECT ON THE COMMUNITY AND SOCIETY AS A WHOLE. WHILE THE PROGRAM ITSELF DID NOT START IN EARNEST UNTIL 2023, THE ORGANIZATION BEGAN RAISING FUNDS FOR THE PROGRAM IN 2022.

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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 $220,017
Program Service Revenue $0
Investment Income $0
Other Revenue $-19,191
TOTAL REVENUE $200,826

Expense Breakdown

Grants Paid $11,711
Salaries & Benefits $396
Fundraising Expenses $22,019
Program Expenses $124,934
Other Expenses $184,925
TOTAL EXPENSES $197,032

Year-over-Year Comparison

2023 2022 Change
Revenue $200,826 $210,755 0.0%
Expenses $197,032 $104,749 +0.9%
Net Income $3,794 $106,006 -1.0%
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
4
Independent Members
4
Employees
N/A
Volunteers
15

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
$32,610
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOOGI HONG EXECUTIVE DI 40.00
Officer
$32,610 $0 $32,610
MICHELLE VAN DILLEN PRESIDENT 25.00
Officer Director
$0 $0 $0
ALEX LEE TREASURER 5.00
Officer Director
$0 $0 $0
STEPHEN LENIVY VICE-PRESIDE 10.00
Officer Director
$0 $0 $0
GIA VANG SECRETARY 15.00
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 No data No data No data No data
2023 $200,826 $197,032 $109,861 $3,794
2022 $210,755 $104,749 $116,895 $106,006
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