THE ASIAN AMERICAN EDUCATION PROJECT

EIN: 881895137 501(c)(3) Education

Los Angeles, CA

Total Revenue
$1,586,241
Total Expenses
$1,013,880
Total Assets
$2,413,733
Net Assets
$2,147,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
STEWART KWOH
Phone
3109991303
Tax Period
2024-01-01 to 2024-12-31

THE ASIAN AMERICAN EDUCATION PROJECT, founded in 2022, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $572K, a strong 36% operating margin.

Mission

TO PROVIDE CURRICULUM, TRAINING, AND OTHER EDUCATIONAL RESOURCES TO K-12 SCHOOLS ACROSS THE UNITED STATES TO ENSURE K-12 EDUCATION IS INCLUSIVE OF THE ASIAN PACIFIC ISLANDER DESI AMERICAN EXPERIENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,434,849
Program Service Revenue $67,700
Investment Income $83,692
Other Revenue $0
TOTAL REVENUE $1,586,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $306,746
Fundraising Expenses $45,353
Program Expenses $921,813
Other Expenses $707,134
TOTAL EXPENSES $1,013,880

Year-over-Year Comparison

2024 2023 Change
Revenue $1,586,241 $917,308 +0.7%
Expenses $1,013,880 $625,407 +0.6%
Net Income $572,361 $291,901 +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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
4
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
4
$335,080
Total Directors
7
$335,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA LEE TREASURER CFO 40.00
Officer Director
$139,400 $0 $139,400
STEWART KWOH PRESIDENT 40.00
Officer Director
$135,680 $0 $135,680
VIRGINIA LO-HAGAN SECRETARYPROGRAMS DIRECTOR 20.00
Officer Director
$60,000 $0 $60,000
KIM LAW BOARDMEMBER 2.00
Director
$0 $0 $0
TOMMY CHANG BOARDMEMBER 2.00
Director
$0 $0 $0
LAURA ZHANG-CHOI BOARDMEMBER 2.00
Director
$0 $0 $0
SANDY SAKAMOTO CHAIR 5.00
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 $1,586,241 $1,013,880 $2,413,733 $572,361
2023 $917,308 $625,407 $1,615,188 $291,901
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