Civic Intelligence

Association for Asian Studies Inc

EIN 38-1615380 • 501(c)3 • Ann Arbor, MI

View Organization Page

Profile

To educate the public about asia.

825 Victors Way 310Ann Arbor, MI 48108

www.asian-studies.org

Siviq Scores

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

Liabilities / Assets

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.58x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

56th percentile

6.7%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$145,262

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

61st percentile

7.8%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

3.2%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$14,136,040

Up $1,020,668 (+7.8%) from 2023

Liabilities

Down

$2,405,114

Down $102,205 (-4.1%) from 2023

Net Assets

Up

$11,730,926

Up $1,122,873 (+11%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin56th percentile

Revenue

Up

$4,165,794

Up $127,348 (+3.2%) from 2023

Expenses

Down

$3,886,703

Down $691,344 (-15%) from 2023

Net Income

Up

$279,091

Up $818,692 (+152%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

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

$15M$10M$5.0M$0Assets 2010: $8,819,096Liabilities 2010: $1,781,186Net Assets 2010: $7,037,9102010Assets 2011: $8,039,453Liabilities 2011: $1,546,043Net Assets 2011: $6,493,4102011Assets 2012: $8,487,509Liabilities 2012: $1,442,691Net Assets 2012: $7,044,8182012Assets 2013: $9,824,848Liabilities 2013: $1,455,924Net Assets 2013: $8,368,9242013Assets 2014: $10,546,144Liabilities 2014: $1,376,240Net Assets 2014: $9,169,9042014Assets 2015: $10,170,656Liabilities 2015: $1,378,507Net Assets 2015: $8,792,1492015Assets 2016: $10,956,896Liabilities 2016: $1,525,948Net Assets 2016: $9,430,9482016Assets 2017: $11,829,258Liabilities 2017: $1,642,045Net Assets 2017: $10,187,2132017Assets 2018: $10,652,323Liabilities 2018: $1,511,171Net Assets 2018: $9,141,1522018Assets 2019: $12,394,923Liabilities 2019: $1,601,396Net Assets 2019: $10,793,5272019Assets 2020: $13,114,206Liabilities 2020: $1,020,524Net Assets 2020: $12,093,6822020Assets 2021: $14,845,256Liabilities 2021: $2,052,373Net Assets 2021: $12,792,8832021Assets 2022: $12,585,026Liabilities 2022: $2,745,378Net Assets 2022: $9,839,6482022Assets 2023: $13,115,372Liabilities 2023: $2,507,319Net Assets 2023: $10,608,0532023Assets 2024: $14,136,040Liabilities 2024: $2,405,114Net Assets 2024: $11,730,9262024

Highlighted filing

2024

Assets$14,136,040
Liabilities$2,405,114
Net Assets$11,730,926
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $2,533,758Expenses 2010: $2,035,700Net Income 2010: $498,0582010Revenue 2011: $2,467,445Expenses 2011: $3,019,029Net Income 2011: -$551,5842011Expenses 2012: $2,304,4952012Revenue 2013: $3,752,640Expenses 2013: $2,412,013Net Income 2013: $1,340,6272013Revenue 2014: $3,290,652Expenses 2014: $2,489,672Net Income 2014: $800,9802014Revenue 2015: $2,151,713Expenses 2015: $2,529,468Net Income 2015: -$377,7552015Revenue 2016: $3,201,170Expenses 2016: $2,562,371Net Income 2016: $638,7992016Revenue 2017: $3,390,255Expenses 2017: $2,633,991Net Income 2017: $756,2642017Revenue 2018: $1,603,042Expenses 2018: $2,649,103Net Income 2018: -$1,046,0612018Revenue 2019: $4,220,874Expenses 2019: $2,568,499Net Income 2019: $1,652,3752019Revenue 2020: $3,254,192Expenses 2020: $1,991,908Net Income 2020: $1,262,2842020Revenue 2021: $2,729,369Expenses 2021: $2,241,209Net Income 2021: $488,1602021Revenue 2022: $3,843,739Expenses 2022: $4,289,443Net Income 2022: -$445,7042022Revenue 2023: $4,038,446Expenses 2023: $4,578,047Net Income 2023: -$539,6012023Revenue 2024: $4,165,794Expenses 2024: $3,886,703Net Income 2024: $279,0912024

Highlighted filing

2024

Revenue$4,165,794
Expenses$3,886,703
Net Income$279,091
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,136,040
Liabilities
$2,405,114
Net assets
$11,730,926
Revenue
$4,165,794
Expenses
$3,886,703
Net income
$279,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$2.41$11.7$4.17$3.89$0.28
2023Detailed filing. Detailed filing data is available for this year.$13.1$2.51$10.6$4.04$4.58$0.54
2022Detailed filing. Detailed filing data is available for this year.$12.6$2.75$9.84$3.84$4.29$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$2.05$12.8$2.73$2.24$0.49
2020Detailed filing. Detailed filing data is available for this year.$13.1$1.02$12.1$3.25$1.99$1.26
2019Detailed filing. Detailed filing data is available for this year.$12.4$1.60$10.8$4.22$2.57$1.65
2018Detailed filing. Detailed filing data is available for this year.$10.7$1.51$9.14$1.60$2.65$1.05
2017Detailed filing. Detailed filing data is available for this year.$11.8$1.64$10.2$3.39$2.63$0.76
2016Detailed filing. Detailed filing data is available for this year.$11.0$1.53$9.43$3.20$2.56$0.64
2015Detailed filing. Detailed filing data is available for this year.$10.2$1.38$8.79$2.15$2.53$0.38
2014Detailed filing. Detailed filing data is available for this year.$10.5$1.38$9.17$3.29$2.49$0.80
2013Detailed filing. Detailed filing data is available for this year.$9.82$1.46$8.37$3.75$2.41$1.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.49$1.44$7.04$2.30
2011Summary only. Only limited summary data is available for this year.$8.04$1.55$6.49$2.47$3.02$0.55
2010Summary only. Only limited summary data is available for this year.$8.82$1.78$7.04$2.53$2.04$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 2, 2025
Return Version
2024v5.2
Gross Receipts
$4,688,634
Mission and Program Overview

Mission

To educate the public about asia.

A non-profit dedicated to the advancement of the field of Asian Studies through international exchange, networking, publication, research support and career development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,646,123$12,843,220▲ $1,197,097
Cash and Non-Interest-Bearing Accounts$131,060$521,583▲ $390,523
Prepaid Expenses and Deferred Charges$175,191$226,576▲ $51,385
Accounts Receivable$192,840$174,227▼ $18,613
Savings and Temporary Cash Investments$347,590$105,694▼ $241,896
Intangible Assets$74,288$54,130▼ $20,158
Pledges and Grants Receivable$247,418$21,591▼ $225,827
Land, Buildings, and Equipment, Net$714$385▼ $329
Total Assets$13,115,372$14,136,040▲ $1,020,668
Other Assets Total$300,148$188,634▼ $111,514
Liabilities
Deferred Revenue$1,352,124$1,303,801▼ $48,323
Other Liabilities$723,074$826,522▲ $103,448
Accounts Payable and Accrued Expenses$432,121$274,791▼ $157,330
Total Liabilities$2,507,319$2,405,114▼ $102,205
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,709,003$10,578,711▲ $869,708
Net Assets With Donor Restrictions$899,050$1,152,215▲ $253,165
Total Net Assets Fund Balance$10,608,053$11,730,926▲ $1,122,873
Total Liabilities and Net Assets / Fund Balance$13,115,372$14,136,040▲ $1,020,668

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$15,429$15,429
Other Land Buildings$385$3,171$3,556

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,036,366--$1,036,366-
2023$1,129,164$8,445▼ $101,243-$1,036,366
2022$1,129,164---$1,129,164
2021$970,672$127,928▲ $30,564-$1,129,164
2020$831,991$19,156▲ $119,525-$970,672
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hilary Finchum-SungEx OfficioFT$112,435$32,827$145,262
Joanna MiddleditchDirector Of Financial OperationsFT$112,698$28,839$141,537
Krisna UkDirector of Special InitiativeFT$121,482$19,454$140,936

Board Members and Trustees

NameTitle
Anne Gerritsen EndedACP Committee Chair
Durba GhoshACP Committee Chair
Rebecca CorbettCOC Chair
Don Wyatt EndedDEI Chair
Elena ValussiDEI Chair
Jan BardsleyEditorial BD Chair
Janet TheissEIAC Chair
Shellen Xiao Wu EndedEIAC Chair
Siddharth ChandraFIN Committee Chair
Charlotte EubanksNEAC Chair
Sonja Kim EndedNEAC Chair
Hyaeweol ChoiPresident and Board Chair
Manan Ahmed EndedSAC Chair
Walter HakalaSAC Chair
Eunsook Jung EndedSEAC Chair
Michitake AsoSEAC Chair
Hy Luong EndedPast Past President
Kamran AliPast Past President
Jean OiPast President
Nancy PelusoVice President
Joseph AlterJAS Editor
Revenue and Support

Revenue Composition

Contributions and Grants
$1,379,933
Program Service Revenue
$2,084,313
Investment Income
$665,359
Other Revenue
$36,189
All Other Contributions
$1,284,352
Change in Net Assets
$279,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,120,508
Revenue Not Reported on Financial Statements
$45,286
Revenue Not Reported on Form 990
$843,782
Total Revenue per Audited Statements
$4,964,290
Total Revenue per Form 990
$4,165,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,682,414
Salaries, Compensation, and Employee Benefits$1,304,525
Grants and Similar Amounts Paid$899,764
Total Fundraising Expense$2,630
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$467,883$393,365$372$861,620
Conferences and Meetings$526,678$148,998-$675,676
Foreign Grants$541,029--$541,029
Grants to Domestic Individuals$335,490--$335,490
Information Technology$149,653$40,432-$190,085
Other Employee Benefits$80,691$66,428$64$147,183
Current Officers, Directors, Trustees, and Key Employees-$145,262-$145,262
Fees for Services Accounting$30,036$66,140-$96,176
Payroll Taxes$38,491$41,611$31$80,133
Pension Plan Contributions$39,558$30,738$31$70,327
Occupancy$37,562$30,249-$67,811
Fees for Service Investment Mgmnt Fees-$45,286-$45,286
Fees for Services Other$41,551--$41,551
Other Expenses$13,139$11,161$0$24,300
Office Expenses$15,417$8,148$597$24,162
Grants to Domestic Orgs$23,245--$23,245
Depreciation Depletion$20,158$329-$20,487
All Other Expenses$9,603$8,157-$17,760
Advertising$14,503$1,544-$16,047
Insurance$3,158$12,660-$15,818
Fees for Services Legal-$131-$131
Total Functional Expenses$2,817,871$1,066,202$2,630$3,886,703

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,886,703
Expenses per Audited Statements$3,841,417
Total Expenses per Audited Statements$3,841,417
Expenses Not Reported on Financial Statements$45,286
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Maryland College Park Foundation IncCollege Park, MD501c3Research & Educational Support$9,336

International Summary

Offices
0
Employees
1
Spending
$689,214

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Awarded grants to recipients in this region-00$262,101
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Awarded grants to recipients in this region-00$248,236
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumEmployed Director of Special Initiatives-01$148,184
North America - Canada and Mexico, but not the United StatesAwarded grants to recipients in this region-00$30,693
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$438,503
Right of Use Liability$148,297
Accrued postretirement healthcare benefits$135,330
Due to Committees$104,392
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“The membership elects a representative to the board for their group.”

Form 990, Part VI, Section A, line 7B

“The Organization requires AAS membership vote to make any changes to the by-laws.”

Form 990, Part VI, Section B, line 11B

“The CFO examines the Form 990 to ensure that it matches the audit report, as well as other spreadsheets provided to the preparer.”

Form 990, Part VI, Section B, line 12C

“Each year the officers, directors and key employees are asked to disclose and sign a list of conflict of interests.”

Form 990, Part VI, Section B, line 15

“Executive Director's salary is reviewed by the four AAS presidents who are the officers of the Board of Directors. This is compared to the salary of someone in a similar position. Compensation process for officers: The four AAS presidents of the board review the salary and performance of the Director of Outreach and Strategic Initiatives.”

Form 990, Part VI, Section C, line 19

“The AAS constitution and by-laws are made publicly available on the entity website. The conflict of interest policy is not a public document. The financial statements are made available to grant and other funding agencies upon request and online via guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Association for Asian Studies Inc
EIN
38-1615380
Phone
7346652490
Address
825 Victors Way 310, Ann Arbor, MI 48108

Signing Officer

Name
Hilary V Finchum-Sung
Title
Executive Director
Phone
7346652490
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hilary V Finchum-Sung
Formed
1941
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
14
Employees
14
Volunteers
0

Preparer

Firm
Yeo & Yeo Pc
Address
822 Centennial Way Ste 250, Lansing, MI 48917
Preparer
Bradley M DeVries
Phone
5173239500
Raw XML AppendixShowing 400 of 770 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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