Civic Intelligence

Asia Society Texas Center

EIN 03-0433949 • 501(c)3 • Houton, TX

Profile

Accross the fields of performing arts, visual arts, education and outreach, business & policy, the society provides insight, generate ideas, and promotes collaboration to address present challenges and create a shared future. Asia society texas center operates as a sepatate 501(c)(3) organization and has an affiliate relationship with asia society, a global network.

1370 SouthmoreHouton, TX 77004

asiasociety.org/TEXAS

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.07x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$358,294

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

29th percentile

0.5%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$70,604,528

Up $351,256 (+0.5%) from 2023

Liabilities

Down

$511,270

Down $468,924 (-48%) from 2023

Net Assets

Up

$70,093,258

Up $820,180 (+1.2%) from 2023

Revenue

Up

$7,069,438

Up $832,129 (+13%) from 2023

Expenses

Up

$6,249,258

Up $1,906,675 (+44%) from 2023

Net Income

Down

$820,180

Down $1,074,546 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $51,199,921Liabilities 2011: $3,600,532Net Assets 2011: $47,599,3892011Assets 2012: $51,468,058Liabilities 2012: $1,055,920Net Assets 2012: $50,412,1382012Assets 2013: $48,632,705Liabilities 2013: $1,335,317Net Assets 2013: $47,297,3882013Assets 2014: $47,663,777Liabilities 2014: $968,029Net Assets 2014: $46,695,7482014Assets 2015: $48,162,143Liabilities 2015: $996,658Net Assets 2015: $47,165,4852015Assets 2016: $56,072,882Liabilities 2016: $1,177,411Net Assets 2016: $54,895,4712016Assets 2017: $57,082,454Liabilities 2017: $1,148,939Net Assets 2017: $55,933,5152017Assets 2018: $59,859,084Liabilities 2018: $1,180,919Net Assets 2018: $58,678,1652018Assets 2019: $59,092,967Liabilities 2019: $1,104,327Net Assets 2019: $57,988,6402019Assets 2020: $57,858,648Liabilities 2020: $1,612,776Net Assets 2020: $56,245,8722020Assets 2021: $65,582,414Liabilities 2021: $856,230Net Assets 2021: $64,726,1842021Assets 2022: $68,059,236Liabilities 2022: $680,884Net Assets 2022: $67,378,3522022Assets 2023: $70,253,272Liabilities 2023: $980,194Net Assets 2023: $69,273,0782023Assets 2024: $70,604,528Liabilities 2024: $511,270Net Assets 2024: $70,093,2582024

Highlighted filing

2024

Assets$70,604,528
Liabilities$511,270
Net Assets$70,093,258

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,496,889Expenses 2011: $1,589,569Net Income 2011: $2,907,3202011Expenses 2012: $3,918,2592012Revenue 2013: $1,520,420Expenses 2013: $4,647,168Net Income 2013: -$3,126,7482013Revenue 2014: $3,589,977Expenses 2014: $4,265,622Net Income 2014: -$675,6452014Revenue 2015: $4,679,500Expenses 2015: $4,117,323Net Income 2015: $562,1772015Revenue 2016: $12,545,366Expenses 2016: $3,909,890Net Income 2016: $8,635,4762016Revenue 2017: $4,397,003Expenses 2017: $3,684,041Net Income 2017: $712,9622017Revenue 2018: $6,542,597Expenses 2018: $3,647,907Net Income 2018: $2,894,6902018Revenue 2019: $3,186,917Expenses 2019: $4,100,579Net Income 2019: -$913,6622019Revenue 2020: $3,052,666Expenses 2020: $4,095,566Net Income 2020: -$1,042,9002020Revenue 2021: $8,284,485Expenses 2021: $3,690,153Net Income 2021: $4,594,3322021Revenue 2022: $11,118,753Expenses 2022: $3,939,580Net Income 2022: $7,179,1732022Revenue 2023: $6,237,309Expenses 2023: $4,342,583Net Income 2023: $1,894,7262023Revenue 2024: $7,069,438Expenses 2024: $6,249,258Net Income 2024: $820,1802024

Highlighted filing

2024

Revenue$7,069,438
Expenses$6,249,258
Net Income$820,180

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.6$0.51$70.1$7.07$6.25$0.82
2023Detailed filing. Detailed filing data is available for this year.$70.3$0.98$69.3$6.24$4.34$1.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.1$0.68$67.4$11.1$3.94$7.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.6$0.86$64.7$8.28$3.69$4.59
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.9$1.61$56.2$3.05$4.10$1.04
2019Summary only. Only limited summary data is available for this year.$59.1$1.10$58.0$3.19$4.10$0.91
2018Summary only. Only limited summary data is available for this year.$59.9$1.18$58.7$6.54$3.65$2.89
2017Summary only. Only limited summary data is available for this year.$57.1$1.15$55.9$4.40$3.68$0.71
2016Summary only. Only limited summary data is available for this year.$56.1$1.18$54.9$12.5$3.91$8.64
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.2$1.00$47.2$4.68$4.12$0.56
2014Detailed filing. Detailed filing data is available for this year.$47.7$0.97$46.7$3.59$4.27$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.6$1.34$47.3$1.52$4.65$3.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$1.06$50.4$3.92
2011Summary only. Only limited summary data is available for this year.$51.2$3.60$47.6$4.50$1.59$2.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$31,470,730
Mission and Program Overview

Mission

Across the fields of Performing Arts, Visual Arts, Education and

Asia society texas center ("astc") is an educational organization dedicated to promoting mutual understanding and strengthening partnerships between asia and the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,422,964$41,506,266▼ $916,698
Investments in Publicly Traded Securities$18,986,879$24,219,795▲ $5,232,916
Pledges and Grants Receivable$4,859,481$2,729,660▼ $2,129,821
Cash and Non-Interest-Bearing Accounts$1,279,014$1,170,113▼ $108,901
Savings and Temporary Cash Investments$2,161,903$524,991▼ $1,636,912
Accounts Receivable$469,152$388,429▼ $80,723
Prepaid Expenses and Deferred Charges$73,879$65,274▼ $8,605
Total Assets$70,253,272$70,604,528▲ $351,256
Liabilities
Accounts Payable and Accrued Expenses$902,686$430,668▼ $472,018
Deferred Revenue$77,508$80,602▲ $3,094
Total Liabilities$980,194$511,270▼ $468,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,425,130$47,957,173▲ $6,532,043
Net Assets With Donor Restrictions$27,847,948$22,136,085▼ $5,711,863
Total Net Assets Fund Balance$69,273,078$70,093,258▲ $820,180
Total Liabilities and Net Assets / Fund Balance$70,253,272$70,604,528▲ $351,256

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,181,388$10,066,222$39,247,610
Equipment$5,574,934$1,484,959$7,059,893
Land$6,524,944-$6,524,944
Other Land Buildings$225,000-$225,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$16,966,243---$16,966,243
2022$16,888,158$40,000▲ $38,085-$16,966,243
2021$16,258,626$600,000▲ $29,532-$16,888,158
2020$15,756,270$437,000▲ $65,356-$16,258,626
2019$15,663,077$7,800▲ $85,393-$15,756,270
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bonna KolPresident/ceFT$312,741$45,553$358,294
Bonna KolPresident/CEO-$247,741$110,553$358,294
Sophia WongVP,finance&oFT$151,884$16,654$168,538
Sophia WongVP,finance&operation-$141,884$26,654$168,538
Saleena JafryDevelopemntFT$109,651$19,360$129,011
Stephanie T WongAud Eng DireFT$87,992$9,550$97,542

Board Members and Trustees

NameTitle
Y Ping SunChair
Martyn E GoossenVice Chair
Rishi VarmaVice Chair
Arshad MatinDirector
Asha ViraniDirector
David HarveyDirector
George YangDirector
Glen GondoDirector
Gordon J QuanDirector
Janae TsaiDirector
Janet MatsushitaDirector
Jay CuclisDirector
Joe BlommaertDirector
Kishore SundararajanDirector
Leigh SmithDirector
Melanie LawsonDirector
Michael Tripp CarterDirector
Milton D RosenauDirector
Mustafa I TameezDirector
Paul ShengDirector
Randy SimDirector
Roberto Contreras IvDirector
Shahzad BashirDirector
Charles C FosterLifetime Director
Nancy AllenLifetime Director
Albert ChaoLife Directo
Kevin P LewisSecretary
Edward D Allen IiiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
City KitchenEvent CateringPO BOX 262409, PO BOX 262409, Houston, TX 77207$149,744
Arena Aztez Shaffer LLCTent Rental601 W 6TH SREET, 601 W 6TH STREET, Houston, TX 77007$122,361
Revenue and Support

Revenue Composition

Contributions and Grants
$2,867,743
Program Service Revenue
$640,338
Investment Income
$2,945,418
Other Revenue
$615,939
All Other Contributions
$2,256,600
Change in Net Assets
$820,180

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$216,498Estimated Fair Market Value (FMV)
Other Non Cash Contri Table1$70,796Estimated Fair Market Value (FMV)
Other Non Cash Contri Table1$47,850Estimated Fair Market Value (FMV)
Other Non Cash Contri Table1$10,575Estimated Fair Market Value (FMV)
Total Noncash Contributions4$345,719-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,711,454
Revenue Not Reported on Financial Statements
$357,984
Revenue Not Reported on Form 990
$345,719
Other Revenue Adjustments
$357,984
Total Revenue per Audited Statements
$7,057,173
Total Revenue per Form 990
$7,069,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,699,716
Salaries, Compensation, and Employee Benefits$2,549,542
Total Fundraising Expense$361,913
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,644,423$8,754$17,383$1,670,560
Other Salaries and Wages$1,155,111$96,614$138,874$1,390,599
Current Officers, Directors, Trustees, and Key Employees$550,118$46,012$66,138$662,268
Occupancy$370,996$6,246$1,841$379,083
Fees for Services Other$316,294$26,505$12,034$354,833
Other Employee Benefits$156,522$13,092$18,818$188,432
Payroll Taxes$136,436$11,412$16,403$164,251
Pension Plan Contributions$119,608$10,004$14,380$143,992
Information Technology$63,387$9,853$28,059$101,299
Insurance$87,542$4,456$5,525$97,523
Office Expenses$77,918$5,296$4,495$87,709
Other Expenses$11,298$37,813$29,032$78,143
Advertising$42,021$1,775$30$43,826
Payments to Affiliates$35,812--$35,812
Fees for Services Accounting$22,264$1,133$1,405$24,802
Travel$9,873$5,534$4,056$19,463
Total Functional Expenses$5,598,678$288,667$361,913$6,249,258

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,249,258
Total Expenses per Audited Statements$6,236,993
Expenses per Audited Statements$5,891,274
Expenses Not Reported on Financial Statements$357,984
Other Expense Adjustments$357,984
Expenses Not Reported on Form 990$345,719
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,207,085
Fundraising Direct Expenses$437,666
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$1,502,861$1,207,085$437,666$769,419
Total Events$1,502,861$1,207,085$437,666$769,419
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Edward r. Allen, iii nancy c. Allen treasurer director son of nancy c. Allen

Form 990, Page 6, Part VI, Line 11B

Astc distributes a copy of the form 990 to finance committee via email for approval. From the finance committee, the committee chairman provides a copy of the form 990 to the board of directors for review and approval before filling the form 990 with irs.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is given to the officers, directors, and key employees annually. Each individual reviews, identifies any potential conflicts, signs the document and returns it to astc in a timely manner. All potential conflicts are identified and presented to the chairman of the board of directors.

Form 990, Page 6, Part VI, Line 15A

Compensation of president: the president's performance is reviewed annually by the chairman of the board of astc under the authority of the executive committee and executed by the committee members. The review process includes: (1) written review by all voting members of the board of directors; and (2) written self-review by the president.

Form 990, Page 6, Part VI, Line 15B

The other officers' performance is reviewed annually by the president of astc. The review process includes: (1) written review by the president; and (2) written self-review by the officers.

Form 990, Page 6, Part VI, Line 19

Astc makes its governing documents, the conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Asia Society Texas Center
EIN
03-0433949
Phone
7134969901
Address
1370 SOUTHMORE, HOUTON, TX 77004

Signing Officer

Name
Bonna Kol
Title
President/CEO
Phone
7134969916
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonna Kol
Formed
2007
Legal Domicile
TX
Voting Board Members
27
Independent Board Members
27
Employees
40
Volunteers
99

Preparer

Firm
Lee Huang & Associates Pc
Address
5855 SOVEREIGN DR STE A, HOUSTON, TX 77036
Preparer
Lucy Liu CPA
Phone
7132719600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Across the fields of performing arts, visual arts, education and outreach, business & policy, astc provides insight, generates ideas, and promotes collaboration to address present challenges and create a shared future. Astc operates as a separate 501(c)(3) organization and has an affiliate relationship with asia society, a global network.

Form 990, Page 2, Part III, Line 4B

The business and policy pillar of asia society texas fosters a better understanding of our interconnected world through programming that elevates dialogue and ideas to combat bias and connects houstonians with global business and thought leaders, authors, scholars, diplomats, and policy experts. Our programs are primarily in-person at asia society texas. In fy23-24 we hosted 24 in-person programs and welcomed 2,375 guests. Key b&p programs included discussions on u.s. Foreign policy,the north korea nuclear weapons program, the asian economic outlook, china and taiwan, mental health and wellbeing, inclusivity in the workplace and energy transition. This year we also incorporated two food forward programs hosting a ramen culture and dinner event and a us-japan sister cities sake tasting event. The annual huffington award dinner honored former washington governor and us ambassador to china gary locke. Notable speakers included former chairman of the joint chiefs of staff general richard myers, author and npr correspondent elise hu, new york times best selling author alka joshi and mitsubishi heavy industries america ceo takajiro ishikawa. We continued our strong tradition of welcoming international delegations hosting ambassadors from brunei, cambodia, china, laos, pakistan, singapore, thailand and vietnam.

Form 990, Page 2, Part III, Line 4C

Astc's education and outreach department offers unique learning experiences for children, adults, and families to explore diverse asian cultures and asian american experiences. Our permanent education exhibit, explore asia, provides an interactive edtech experience which immerses guests in asian culture. Our digital learning platform, asia in the classroom, offers engaging webcomics for students, comprehensive lesson guides for educators, and professional development workshops. Through our programming, we provide a platform for communities to celebrate and share culture through family festivals, language classes, summer camps, workshops, and performances. All of our initiatives are designed to spark curiosity, build cultural empathy, and develop global competency and intercultural connectivity in houston and beyond.

Form 990, Page 2, Part III, Line 4D

The exhibitions department at asia society texas shares the best visual arts from and about asia with the houston-area community. Through exhibitions and related programs in fy23-24, we featured the works of 6 contemporary artists through 4 exhibitions, both from the united states and asia. Our department's programming deepens appreciation for the arts in texas. In fy23-24, the organization also created 10 unique programs including a symposium on the legacy of contemporary chinese artist xu bing, as well as programs about the asian diaspora. Featured artists included tsherin sherpa, xu bing, and farima fooladi.

Form 990, Part XI, Line 9

Facility rental expense -357,984 facility rental expense 357,984

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Facility rental expense 357,984

Schedule D, Page 4, Part XII, Line 4B

Facility rental expense 357,984

Schedule D, Page 4, Part XIII

Pt xi, line 4b: facility rental expenses pt xii, line 4b: facility rental expenses

Raw XML AppendixShowing 400 of 774 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PERFORMING ART AND CULTURE - THROUGH DANCE, FOOD, FILM, LITERATURE, MUSIC, AND THEATRE, ASTC'S PERFORMING ARTS AND CULTURE PROGRAMS CELEBRATE THE VIBRANCY OF ASIAN CULTURES THROUGH TRADITIONAL AND CONTEMPORARY ARTS TO ENGENDER CURIOSITY, EMPATHY, AND A BETTER UNDERSTANDING OF OUR COMMUNITY AND THE WORLD. MANY OF THESE ANNUAL OFFERINGS ARE PRESENTED IN COLLABORATION WITH SOME OF HOUSTON'S MOST PRESTIGIOUS AND DIVERSE CULTURAL ORGANIZATIONS LIKE MILLER OUTDOOR THEATRE, HOUSTON BALLET, INPRINT, ANJALI CENTER FOR PERFORMING ARTS, HOUSTON CINEMA ARTS FESTIVAL, HOUSTON GRAND OPERA AND MORE.
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