Asian American Resource Center

“The Internal Affairs Committee will review the 990 before it is filed.”

“All new members review and sign a conflict of interest document to confirm they received and understand the conflict of interest. Any potential conflict is discussed at regular board meetings.”

“We use national, state, and local data on nonprofit compensation to determine salary.”

“No documents available to the public.”

“The reviewed financials reflect $1,549,951 in government grants and contributions, while the return reflects $702,728. The variance is due to the fact that the organization's reviewed financials are for a 21-month period, January 1, 2023 to September 30, 2024. The return reflects financial activity From January 1, 2024 to September 30, 2024. 2023 financial activity included in the reviewed financials was reported on the organization's 2023 Form 990.”

“The reviewed financials reflect $17,659 in earned and program revenues, while the return reflects $1,544. The variance is due to the fact that the organization's reviewed financials are for a 21-month period, January 1, 2023 to September 30, 2024. The return reflects financial activity From January 1, 2024 to September 30, 2024. 2023 financial activity included in the reviewed financials was reported on the organization's 2023 Form 990.”

“The reviewed financials reflect $1,567,167 in expenses: $1,457,212 for program services, $92,916 for management, and $17,039 for fundraising. The return reports $685,336 in total expenses: $547,837 for program services, $102,720 for management, and $34,779 for fundraising. The variance is due to the fact that the organization's reviewed financials are for a 21-month period, January 1, 2023 to September 30, 2024. The return reflects financial activity From January 1, 2024 to September 30, 2024. 2023 financial activity included in the reviewed financials was reported on the organization's 2023 Form 990. Further, the Reviewed financials were prepared using a different method of allocating functional expenses than was used in previous years. For consistency, the 2024 return reflects the method used when allocating expenses on the 2023 return.”

“The 2023 return was prepared prior to the completion of the reviewed financials. The 2023 return reported $74,180 in grant revenues received in 2023 that were treated as deferred revenue at the end of 2023 in the reviewed financials. To accurately reflect financial activity in Jan - Sept 2024 these grant revenues are included on Part VIII line 1f of the 2024 return.”