Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 04-3728043 • 501(c)3 • Sedona, AZ
Profile
Dedicated to locating, cataloging, digitally preserving, and freely distributing rare and precious collections of tibetan and sanskrit manuscripts and making them accessible to the modern world.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
66th percentile
Higher net margin than 66% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Assets
Up$3,989,817
Up $20,540 (+0.5%) from 2023
Liabilities
Down$0
Down $95 (-100%) from 2023
Net Assets
Up$3,989,817
Up $20,635 (+0.5%) from 2023
Revenue
Down$150,463
Down $104,141 (-41%) from 2023
Expenses
Up$129,828
Up $30,617 (+31%) from 2023
Net Income
Down$20,635
Down $134,758 (-87%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Works to preserve the disappearing books containing the great ideas of the eastern half of humanity and to make these books and ideas accessible to the world at large
Making ancient wisdom available to the world, free.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $82,778 | $31,349 | ▼ $51,429 |
| Savings and Temporary Cash Investments | $3,880 | $3,881 | ▲ $1 |
| Other Notes and Loans Receivable, Net | $32 | - | - |
| Total Assets | $3,969,277 | $3,989,817 | ▲ $20,540 |
| Other Assets Total | $3,882,587 | $3,954,587 | ▲ $72,000 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $95 | $0 | ▼ $95 |
| Total Liabilities | $95 | $0 | ▼ $95 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,966,039 | $3,989,817 | ▲ $23,778 |
| Net Assets With Donor Restrictions | $3,143 | $0 | ▼ $3,143 |
| Total Net Assets Fund Balance | $3,969,182 | $3,989,817 | ▲ $20,635 |
| Total Liabilities and Net Assets / Fund Balance | $3,969,277 | $3,989,817 | ▲ $20,540 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $3,954,587 | - | - |
| Name | Title |
|---|---|
| Michael Roach | President |
| Elizabeth Van Der Pas | Secretary |
| John Brady | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $119,787 |
| Other Expenses | $10,041 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $119,787 | - | - | $119,787 |
| Occupancy | - | $6,000 | - | $6,000 |
| Information Technology | - | $1,896 | - | $1,896 |
| Fees for Services Accounting | - | $900 | - | $900 |
| Other Expenses | - | $105 | - | $105 |
| Total Functional Expenses | $119,787 | $10,041 | $0 | $129,828 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Asian Legacy Library US Inc | Sedona, AZ | 501(c)(3) | General Support | $117,871 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“John brady and michael roach serve together as officers/ directors on numerous other for-profit and non-profit entities.”
“The form 990 is reviewed and approved by the board treasurer and the bookkeeper. The board treasurer signs the 990 before it is submitted to the internal revenue service”
“Directors shall serve acip with the highest degree of undivided duty, loyalty and care and shall undertake no enterprise to profit personally from their position with acip. Acip's board of directors shall not enter into any contact or transaction with any director of acip, or any organization in which a director has a material financial interest, unless the relevant interest is fully disclosed, the interested director does not vote, and the board authorizes the transaction in good faith by a majority vote of the remaining directors.”
“Currently no officers, trustees, or key employees are being compensated. The organization's compensation policy states that all compensation paid by the organization is reasonable based upon a review of comparability information. The board of trustees or authorized committee ("governing body") shall review and approve the compensation of all compensated individuals; officers, trustees, executive officers, directors or top management official, and key employees of the organization. Compensation shall be reviewed and approved by the governing body persons without a conflict of interest. In its review and approval of compensation, the governing body shall affirmatively determine that the compensation arrangement is reasonable to the organization based upon information sufficient to determine whether the value of services is the amount that would ordinarily be paid for like services by like enterprises, whether taxable or tax exempt, under like circumstances. The governing body shall record compensation deliberations in the minutes of its meetings.”
“The organization will make their application for recognition of exemption and annual information returns available upon request without charge except for a nominal fee for reproduction and actual postage costs. Annual information returns will be available for three years after filing.”
“If the governing documents and conflict of interest policy of the organization are subject to federal or state public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the governing documents and conflict of interest policy will be provided to the public at the discretion of management.”
“Our work is accomplished in several stages. First, we search the globe for surviving manuscript collections. We then catalogue their contents at various centers located mostly in asia, where the books are carefully preserved as digital images and/or searchable e-text. These centers are staffed primarily by people who have come from the very regions where these great books were written and produced, hundreds if not thousands of years ago. Many are refugees from areas where economic or political strife threaten these great books and, sadly, even the freedom to teach, study, or own them. Acip helps not only to preserve these rich cultural traditions, but provides these extraordinary people with an opportunity to learn new skills for supporting themselves and their families. Since its inception in 1988, acip has amassed a veritable treasure trove of digitized tibetan and sanskrit literature, with more than two million pages digitally preserved and tens of thousands of pages of searchable e-books and catalogs distributed to the public free of charge.”
“The organization's collections are of books containing the great ideas of the eastern half of humanity. The purpose is to preserve, catalog, and digitize these important books and make them available to the general public.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivityOrMissionDesc | 0 | MAKING ANCIENT WISDOM AVAILABLE TO THE WORLD, FREE. |
| IRS990/AllOtherContributionsAmt | 0 | 102655 |
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| IRS990/BackupWthldComplianceInd | 0 | 1 |
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| IRS990/CYTotalRevenueAmt | 0 | 150463 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE ASIAN CLASSICS INPUT PROJECT (ACIP) COLLABORATES WITH OTHER PARTNERS INVOLVED IN THE PRESERVATION AND TRANSLATION OF ANCIENT TEXTS AND BOOKS OF INDO-TIBETAN CIVILIZATION, ANCIENT INDIA, AND OTHER ASIAN CULTURAL HERITAGES, WHILE MAKING THESE BOOKS AVAILABLE TO ALL IN MULTIPLE LANGUAGES. IT SUPPORTS EFFORTS THAT ENABLE THE GREAT IDEAS FOUND IN THESE BOOKS TO ENRICH THE LIVES OF ALL PEOPLE AROUND THE WORLD. AT THE SAME TIME, ACIP ASSISTS IN IMPROVING THE QUALITY OF THE LIVES OF THE TIBETAN REFUGEES AND THE ENTIRE WORKFORCE OF ACIP.SINCE ITS INCEPTION IN 1988, ACIP HAS AMASSED A VERITABLE TREASURE TROVE OF DIGITIZED TIBETAN AND SANSKRIT LITERATURE, WITH MORE THAN TWO MILLION PAGES DIGITALLY PRESERVED AND TENS OF THOUSANDS OF PAGES OF SEARCHABLE E-BOOKS AND CATALOGS DISTRIBUTED TO THE PUBLIC FREE OF CHARGE IN MULTIPLE LANGUAGES.ACIP ACCOMPLISHES ITS PURPOSE BY PARTNERING WITH OTHER LIKE-MINDED ENTITIES. |
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| IRS990/DisregardedEntityInd | 0 | 1 |
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| IRS990/ExpenseAmt | 0 | 119787 |
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| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 900 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 900 |
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| IRS990/FormationYr | 0 | 1988 |
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| IRS990/GrantsToOrganizationsInd | 0 | 1 |
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| IRS990/MissionDesc | 0 | DEDICATED TO LOCATING, CATALOGING, DIGITALLY PRESERVING, AND FREELY DISTRIBUTING RARE AND PRECIOUS COLLECTIONS OF TIBETAN AND SANSKRIT MANUSCRIPTS AND MAKING THEM ACCESSIBLE TO THE MODERN WORLD. |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENT IN STORAGE FACILITY LLC |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | OUR WORK IS ACCOMPLISHED IN SEVERAL STAGES. FIRST, WE SEARCH THE GLOBE FOR SURVIVING MANUSCRIPT COLLECTIONS. WE THEN CATALOGUE THEIR CONTENTS AT VARIOUS CENTERS LOCATED MOSTLY IN ASIA, WHERE THE BOOKS ARE CAREFULLY PRESERVED AS DIGITAL IMAGES AND/OR SEARCHABLE E-TEXT. THESE CENTERS ARE STAFFED PRIMARILY BY PEOPLE WHO HAVE COME FROM THE VERY REGIONS WHERE THESE GREAT BOOKS WERE WRITTEN AND PRODUCED, HUNDREDS IF NOT THOUSANDS OF YEARS AGO. MANY ARE REFUGEES FROM AREAS WHERE ECONOMIC OR POLITICAL STRIFE THREATEN THESE GREAT BOOKS AND, SADLY, EVEN THE FREEDOM TO TEACH, STUDY, OR OWN THEM. ACIP HELPS NOT ONLY TO PRESERVE THESE RICH CULTURAL TRADITIONS, BUT PROVIDES THESE EXTRAORDINARY PEOPLE WITH AN OPPORTUNITY TO LEARN NEW SKILLS FOR SUPPORTING THEMSELVES AND THEIR FAMILIES. SINCE ITS INCEPTION IN 1988, ACIP HAS AMASSED A VERITABLE TREASURE TROVE OF DIGITIZED TIBETAN AND SANSKRIT LITERATURE, WITH MORE THAN TWO MILLION PAGES DIGITALLY PRESERVED AND TENS OF THOUSANDS OF PAGES OF SEARCHABLE E-BOOKS AND CATALOGS DISTRIBUTED TO THE PUBLIC FREE OF CHARGE. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION'S COLLECTIONS ARE OF BOOKS CONTAINING THE GREAT IDEAS OF THE EASTERN HALF OF HUMANITY. THE PURPOSE IS TO PRESERVE, CATALOG, AND DIGITIZE THESE IMPORTANT BOOKS AND MAKE THEM AVAILABLE TO THE GENERAL PUBLIC. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART III, LINE 1A: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART III, LINE 4: |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION WORKS CLOSELY WITH ANY GRANTEE ORGANIZATION, ASSURING THE FUNDS ARE USED TO FURTHER THE MISSION OF ASIAN CLASSICS INPUT PROJECT. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | JOHN BRADY AND MICHAEL ROACH SERVE TOGETHER AS OFFICERS/ DIRECTORS ON NUMEROUS OTHER FOR-PROFIT AND NON-PROFIT ENTITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER AND THE BOOKKEEPER. THE BOARD TREASURER SIGNS THE 990 BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DIRECTORS SHALL SERVE ACIP WITH THE HIGHEST DEGREE OF UNDIVIDED DUTY, LOYALTY AND CARE AND SHALL UNDERTAKE NO ENTERPRISE TO PROFIT PERSONALLY FROM THEIR POSITION WITH ACIP. ACIP'S BOARD OF DIRECTORS SHALL NOT ENTER INTO ANY CONTACT OR TRANSACTION WITH ANY DIRECTOR OF ACIP, OR ANY ORGANIZATION IN WHICH A DIRECTOR HAS A MATERIAL FINANCIAL INTEREST, UNLESS THE RELEVANT INTEREST IS FULLY DISCLOSED, THE INTERESTED DIRECTOR DOES NOT VOTE, AND THE BOARD AUTHORIZES THE TRANSACTION IN GOOD FAITH BY A MAJORITY VOTE OF THE REMAINING DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CURRENTLY NO OFFICERS, TRUSTEES, OR KEY EMPLOYEES ARE BEING COMPENSATED. THE ORGANIZATION'S COMPENSATION POLICY STATES THAT ALL COMPENSATION PAID BY THE ORGANIZATION IS REASONABLE BASED UPON A REVIEW OF COMPARABILITY INFORMATION. THE BOARD OF TRUSTEES OR AUTHORIZED COMMITTEE ("GOVERNING BODY") SHALL REVIEW AND APPROVE THE COMPENSATION OF ALL COMPENSATED INDIVIDUALS; OFFICERS, TRUSTEES, EXECUTIVE OFFICERS, DIRECTORS OR TOP MANAGEMENT OFFICIAL, AND KEY EMPLOYEES OF THE ORGANIZATION. COMPENSATION SHALL BE REVIEWED AND APPROVED BY THE GOVERNING BODY PERSONS WITHOUT A CONFLICT OF INTEREST. IN ITS REVIEW AND APPROVAL OF COMPENSATION, THE GOVERNING BODY SHALL AFFIRMATIVELY DETERMINE THAT THE COMPENSATION ARRANGEMENT IS REASONABLE TO THE ORGANIZATION BASED UPON INFORMATION SUFFICIENT TO DETERMINE WHETHER THE VALUE OF SERVICES IS THE AMOUNT THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES, WHETHER TAXABLE OR TAX EXEMPT, UNDER LIKE CIRCUMSTANCES. THE GOVERNING BODY SHALL RECORD COMPENSATION DELIBERATIONS IN THE MINUTES OF ITS MEETINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION WILL MAKE THEIR APPLICATION FOR RECOGNITION OF EXEMPTION AND ANNUAL INFORMATION RETURNS AVAILABLE UPON REQUEST WITHOUT CHARGE EXCEPT FOR A NOMINAL FEE FOR REPRODUCTION AND ACTUAL POSTAGE COSTS. ANNUAL INFORMATION RETURNS WILL BE AVAILABLE FOR THREE YEARS AFTER FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | IF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY OF THE ORGANIZATION ARE SUBJECT TO FEDERAL OR STATE PUBLIC DISCLOSURE RULES, THESE DOCUMENTS WILL BE MADE PUBLICLY AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF MANAGEMENT. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
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| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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