Civic Intelligence

Association for Asian Studies Inc.

990 • Fiscal year 2013 • EIN 38-1615380

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 30, 2014

825 Victors Way Suite 310Ann Arbor, MI 48108

(734) 665-2490

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.15x

Higher debt load relative to assets than 44% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

65th percentile

0.39x

Higher debt load relative to revenue than 65% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

80th percentile

16%

Faster asset growth than 80% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

78th percentile

23%

Faster revenue growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2013

Assets

Up

$9,824,848

Up $1,337,339 (+16%) from 2012

Net Assets

Up

$8,368,924

Up $1,324,106 (+19%) from 2012

Liabilities

Up

$1,455,924

Up $13,233 (+0.9%) from 2012

Revenue

$3,752,640

No earlier filing loaded for comparison.

Expenses

Up

$2,412,013

Up $107,518 (+4.7%) from 2012

Net Income

$1,340,627

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$9,824,848
Liabilities$1,455,924
Net Assets$8,368,924

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$3,752,640
Expenses$2,412,013
Net Income$1,340,627
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 30, 2014
Return Version
2013v3.1
Gross Receipts
$3,752,640
Mission and Program Overview

Mission

To educate the public about asia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,460,902$8,603,970▲ $1,143,068
Pledges and Grants Receivable$311,003$593,483▲ $282,480
Savings and Temporary Cash Investments$550,951$365,422▼ $185,529
Cash and Non-Interest-Bearing Accounts$1,861$104,055▲ $102,194
Accounts Receivable$83,109$91,495▲ $8,386
Prepaid Expenses and Deferred Charges$52,875$56,739▲ $3,864
Land, Buildings, and Equipment, Net$8,153$3,701▼ $4,452
Total Assets$8,487,509$9,824,848▲ $1,337,339
Other Assets Total$18,655$5,983▼ $12,672
Liabilities
Deferred Revenue$1,122,158$1,094,299▼ $27,859
Accounts Payable and Accrued Expenses$255,276$300,154▲ $44,878
Other Liabilities$65,257$61,471▼ $3,786
Total Liabilities$1,442,691$1,455,924▲ $13,233
Net Assets / Fund Balance
Unrestricted Net Assets$5,166,228$6,484,716▲ $1,318,488
Temporarily Rstr Net Assets$1,215,680$1,210,997▼ $4,683
Permanently Rstr Net Assets$662,910$673,211▲ $10,301
Total Net Assets Fund Balance$7,044,818$8,368,924▲ $1,324,106
Total Liabilities and Net Assets / Fund Balance$8,487,509$9,824,848▲ $1,337,339

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,701$37,799$41,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$673,211$5,622--$678,833
2012$662,909$10,302--$673,211
2011$646,116$16,793--$662,909
2010$637,485$8,631--$646,116
2009$628,095$9,390--$637,485
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles ArmstrongCiac Chair
Jeffrey N WassermanCOC Chair
Anne FeldhausNeac Chair
Nhung Tuyet TranSac Chair
Paul ClarkSeac Chair
Mrinalini SinhaPresident
-Conference C
Thongchai WinichakulExecutive Di
Ann SherifJae Editor
Dorothy SolingerPast Past Pr
Gail HershatterPast Pres
Theodore C BestorVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$621,780
Program Service Revenue
$1,466,370
Investment Income
$1,240,899
Other Revenue
$423,591
All Other Contributions
$621,780
Change in Net Assets
$1,340,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,752,640
Total Revenue per Audited Statements
$3,752,640
Total Revenue per Form 990
$3,752,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,467,536
Salaries, Compensation, and Employee Benefits$944,477
Total Fundraising Expense$46,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,638$588,012$27,664$746,314
Fees for Services Other$1,061,058$-502,486$4,195$562,767
Office Expenses$192,735$6,377$300$199,412
Travel$128,412$40,053$5,301$173,766
Other Employee Benefits-$79,910$2,661$82,571
Pension Plan Contributions-$57,531$2,766$60,297
Occupancy-$56,047$1,620$57,667
Payroll Taxes$10,004$43,221$2,070$55,295
Information Technology$1,773$41,655$15$43,443
Advertising$26,298--$26,298
Fees for Service Investment Mgmnt Fees-$20,749-$20,749
Insurance$2,877$16,541$131$19,549
Fees for Services Accounting-$18,660-$18,660
Other Expenses$6,551--$6,551
All Other Expenses$5,549--$5,549
Depreciation Depletion$2,857$1,595-$4,452
Royalties$710--$710
Fees for Services Legal-$20-$20
Total Functional Expenses$1,897,405$467,885$46,723$2,412,013

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,412,013
Total Expenses per Audited Statements$2,412,013
Total Expenses per Form 990$2,412,013
International Activity

International Summary

Offices
6
Employees
6
Spending
$18,884

International Compliance

Foreign grant records maintained
Yes
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 PacificKeynote SpeakerConference22$11,120
East Asia and the PacificPanelistConference22$4,588
East Asia and the PacificAttendConference22$3,176
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
Study Group Use$61,471
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 7A

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

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

No review was or will be conducted. 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, Page 6, Part VI, Line 12C

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

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

Executive director's salary is reviewed by the board of directors, this is compared to the salary of someone in a similar position, and documented in the minutes of the board meeting.

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

Board reviews director of outreach and strategic initiatives.

Form 990, Page 6, Part VI, 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 on-line via guidestar.org.

Filing and Contact Details

Filer

EIN
38-1615380
Phone
7346652490

Signing Officer

Name
Michael Paschal
Title
Executive Director
Phone
7346652490
Signed
2014-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael D Paschal
Formed
1941
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
13
Volunteers
150

Preparer

Preparer
K G Szczypka
Phone
7349305500
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers serve as associate journal editors, book review editors, publication advisory committee members, read books to nominate, determine book prize winners, read graduate student panel papers to determine prize winners, determine publication subventions for first time published authors, review various grant applications and determine awardees, review conference panel proposals and determine eligible panels for annual conference, help determine policy and propose panels for conferences to ensure adequate representation of geographic regions, serve on committees, councils and the board of directors.

Form 990, Page 2, Part III, Line 3

During 2013, there was a shift in an employees job duties and title. This change moved 70% of his wages and related expenses to management and general. In the prior year his duties were 100% fundraising.

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

Teaching & research support - the association supports teachers and researchers in conducting teaching and research in asia. This support includes conferences, seminars, travel and support for their activities.

Form 990, Part IX, Line 11G

Annual conference special pan 650 0 0 copyediting 1,961 0 0 council a mtg panel 1,432 0 0 council subsention/outreach 32,137 0 0 design/composition 18,500 0 0 development fee 18,775 0 0 development fund expense 91,298 0 0 dues 360 7,198 0 editor fees 67,660 0 0 editor fringe benefits 22,085 0 0 editor release time 13,530 0 0 editorial office 3,880 0 0 general expense 68 640 0 grant admin service charge 38,665 0 0 grant expense/support teachin 325,841 0 0 maintenance 0 1,272 0 miscellaneous 0 451 0 office cleaning 0 1,740 0 office equipment 2 25 0 outside services 108,171 5,817 105 personal services 131,580 0 0 prize awards 16,600 0 0 publications storage 1,025 0 0 wages allocated to 990t 17,717 0 0 readership allocation -334,494 0 0 rounding -5 -1 1 director of outreach alloc 0 9,541 4,089 secretariat office cost alloc 104,820 -106,990 0 salary/benefit allocation 411,924 -423,385 0 training 0 894 0 ubit taxes 8,732 312 0 advertising allocation -41,856 0 0

Form 990, Part XI, Line 9

2012 990t adjustment 2,229 2012 development fee 18,750 the 990 was prepared before the 2012 audit was completed. There was an additional 18,750 for hosting services provided for the bibliaography of asian studies that had not been billed until december 2013. There were also audit adjustments to accrued the prepaid unrelated business income tax. These changes did not affect the 990t for 2012.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The income from the fund is to be used to supplement the general fund revenues for the support of the association's activities.

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IRS990/InsuranceGrp/ProgramServicesAmt02877
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IRS990/OtherRevenueMiscGrp/BusinessCd1511120
IRS990/OtherRevenueMiscGrp/BusinessCd2511120
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IRS990/OtherRevenueMiscGrp/Desc2EDUCATION ABOUT ASIA
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13260
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt271906
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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt16722
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt027664
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IRS990/ProgramServiceRevenueGrp/Desc2990T ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc3990T CIRCULATION INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1486106
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2-102575
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-288230
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01371069
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1486106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2-102575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-288230
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0784944
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0754488
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER ACTIVITY - ADMINISTRATION OF GRANTS, ENDOWMENTS AND BOARD OF DIRECTORS' DESIGNATED FUNDS EARMARKED FOR SPECIFIC PURPOSES RELATED TO THE STUDY OF ASIA AND MEMBER SERVICES. THESE ACTIVITIES ARE PART OF THE ASSOCIATION'S ADMINSTRATIVE MISSION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0255875
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt070583
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TEACHING & RESEARCH SUPPORT - THE ASSOCIATION SUPPORTS TEACHERS AND RESEARCHERS IN CONDUCTING TEACHING AND RESEARCH IN ASIA. THIS SUPPORT INCLUDES CONFERENCES, SEMINARS, TRAVEL AND SUPPORT FOR THEIR ACTIVITIES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0403222
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0583983
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IRS990/ReconcilationRevenueExpnssAmt01340627
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IRS990/ReportOtherAssetsInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0365422
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0723430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0595833
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01363837
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02427568
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IRS990ScheduleA/Total509Grp/TotalAmt013182262
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03105648
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02803448
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02474738
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015071138
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Document Assets

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Filings

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