FRIENDS OF THE NATIONAL MUSEUM OF ASIAN PACIFIC AMERICAN HISTORY AND CULTURE

EIN: 882944411 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$704,508
Total Expenses
$514,784
Total Assets
$272,390
Net Assets
$225,613
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DC
Principal Officer
RICHARD KAMENITZER
Phone
7188449674
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE NATIONAL MUSEUM OF ASIAN PACIFIC AMERICAN HISTORY AND CULTURE, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $705K in total revenue in fiscal year 2024. Revenue surged 412% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 27% operating margin.

Mission

OUR MISSION IS TO ATTAIN THE AUTHORIZATION AND ESTABLISHMENT OF THE NATIONAL MUSEUM OF ASIAN PACIFIC AMERICAN HISTORY AND CULTURE ON THE NATIONAL MALL IN WASHINGTON, DC.

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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 $704,704
Program Service Revenue $0
Investment Income $0
Other Revenue $-196
TOTAL REVENUE $704,508

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,673
Fundraising Expenses $174,133
Program Expenses $179,900
Other Expenses $218,514
TOTAL EXPENSES $514,784

Year-over-Year Comparison

2024 2023 Change
Revenue $704,508 $137,668 +4.1%
Expenses $514,784 $103,403 +4.0%
Net Income $189,724 $34,265 +4.5%
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
10
Independent Members
10
Employees
3
Volunteers
10

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
8
$83,915
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE CHAO BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW CHAU BOARD MEMBER 2.00
Director
$0 $0 $0
ARJUN H CHOWDRI BOARD MEMBER 2.00
Director
$0 $0 $0
RAJIV A GHATALIA BOARD MEMBER 2.00
Director
$0 $0 $0
GEORGE LEVAN BOARD MEMBER 2.00
Director
$0 $0 $0
JAESON MA BOARD MEMBER 2.00
Director
$0 $0 $0
HANDEL LEE CO-CHAIR OF THE BOARD, EXEC COMMITTEE 35.00
Officer Director
$0 $0 $0
DEBBIE SHON CO-CHAIR OF THE BOARD, EXEC COMMITTEE 2.00
Officer Director
$0 $0 $0
WILLIAM REEDER INTERIM ED 3.00
Officer
$0 $0 $0
RICHARD KAMENITZER CHIEF FINANCIAL OFFICER 2.00
Officer
$0 $0 $0
TING XU KLEIN EXECUTIVE COMMITTEE, BOD 30.00
Officer
$0 $0 $0
XIN REN MANAGER OF CONSTITUENTS AND PARTNERSHIPS 40.00
Officer
$15,397 $0 $15,397
DAVID UY CHIEF OPERATING OFFICER 40.00
Officer
$56,802 $0 $56,802
YING YE PROJECT MANAGER 40.00
Officer
$11,716 $0 $11,716
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 $704,508 $514,784 $272,390 $189,724
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