Civic Intelligence

Association for Asian Studies Inc.

990 • Fiscal year 2017 • EIN 38-1615380

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 01, 2018

825 Victors Way Suite 310Ann Arbor, MI 48108

(734) 665-2490

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$11,829,258

Flat from 2017

Net Assets

Up

$10,187,528

Up $315 (+0.0%) from 2017

Liabilities

Down

$1,641,730

Down $315 (-0.0%) from 2017

Revenue And Expenses

Revenue

Flat

$3,390,255

Flat from 2017

Expenses

Down

$2,633,675

Down $316 (-0.0%) from 2017

Net Income

Up

$756,580

Up $316 (+0.0%) from 2017

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: $1,641,730Net Assets 2017: $10,187,5282017Assets 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

2017

Assets$11,829,258
Liabilities$1,641,730
Net Assets$10,187,528

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: $2,633,675Net Income 2017: $756,5802017Revenue 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

2017

Revenue$3,390,255
Expenses$2,633,675
Net Income$756,580
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 1, 2018
Return Version
2017v2.3
Gross Receipts
$3,390,255
Mission and Program Overview

Mission

To educate the public about asia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,548,419$10,454,198▲ $905,779
Pledges and Grants Receivable$795,500$652,500▼ $143,000
Accounts Receivable$156,576$228,573▲ $71,997
Cash and Non-Interest-Bearing Accounts$212,725$209,455▼ $3,270
Savings and Temporary Cash Investments$150,018$150,012▼ $6
Prepaid Expenses and Deferred Charges$82,492$118,963▲ $36,471
Land, Buildings, and Equipment, Net$6,598$10,522▲ $3,924
Total Assets$10,956,896$11,829,258▲ $872,362
Other Assets Total$4,568$5,035▲ $467
Liabilities
Deferred Revenue$1,119,872$1,235,538▲ $115,666
Accounts Payable and Accrued Expenses$341,427$336,086▼ $5,341
Other Liabilities$64,649$70,106▲ $5,457
Total Liabilities$1,525,948$1,641,730▲ $115,782
Net Assets / Fund Balance
Unrestricted Net Assets$7,090,915$7,617,709▲ $526,794
Temporarily Rstr Net Assets$1,646,355$1,854,965▲ $208,610
Permanently Rstr Net Assets$693,678$714,854▲ $21,176
Total Net Assets Fund Balance$9,430,948$10,187,528▲ $756,580
Total Liabilities and Net Assets / Fund Balance$10,956,896$11,829,258▲ $872,362

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,522$13,604$24,126
Other Land Buildings-$8,863$8,863

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$703,527$11,327--$703,527
2016$693,678$9,849--$703,527
2015$685,291$8,387--$693,678
2014$678,833$6,458--$685,291
2013$673,211$5,622--$678,833
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael PaschalExecutive DiFT$134,249$31,395$165,644
Michael PaschalExecutive Director-$134,249$31,395$165,644
Alicia WilliamsCFOFT$102,689$20,447$123,136

Board Members and Trustees

NameTitle
Carlos RojasCiac Chair
Hiromi MizunoCOC Chair
Steven EricsonNeac Chair
Chitralekha ZutshiSac Chair
Tyrell HaberkornSeac Chair
Katherine BowiePresident
Thomas RawskiCommittee Ch
Michael PettidConference C
Jeffrey N WasserstromJas Editor
Timothy BrookPast Past Pr
Laurel KendallPast Preside
Anne FeldhausVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$220,110
Program Service Revenue
$1,448,174
Investment Income
$1,299,460
Other Revenue
$422,511
All Other Contributions
$220,110
Change in Net Assets
$756,580

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,390,255
Total Revenue per Audited Statements
$3,390,255
Total Revenue per Form 990
$3,390,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,630,725
Salaries, Compensation, and Employee Benefits$1,002,950
Total Fundraising Expense$31,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$888,687$-100,682$62,665$850,670
Other Salaries and Wages$599,371$140,483$-79,936$659,918
Current Officers, Directors, Trustees, and Key Employees$69,469$96,175-$165,644
Travel$102,622$26,590$33,193$162,405
Office Expenses$95,707$4,929$2,462$103,098
Information Technology$10,070$57,354-$67,424
Other Employee Benefits$-7,447$70,485$3,541$66,579
Payroll Taxes$11,211$45,542$2,748$59,501
Occupancy-$55,128$2,850$57,978
Pension Plan Contributions$-5,299$52,816$3,791$51,308
Insurance$2,175$18,807-$20,982
Fees for Services Accounting-$19,750-$19,750
Advertising$17,392--$17,392
All Other Expenses$3,769--$3,769
Fees for Service Investment Mgmnt Fees-$3,530-$3,530
Other Expenses$1,652--$1,652
Depreciation Depletion$152$1,408-$1,560
Fees for Services Legal-$620$108$728
Royalties$406--$406
Total Functional Expenses$2,109,318$492,935$31,422$2,633,675

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,633,675
Total Expenses per Audited Statements$2,633,675
Total Expenses per Form 990$2,633,675
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$70,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 7B

The organization requires aas membership vote to make any changes to the by-laws.

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 four aas presidents who are the officers of the board of directors, this is compared to the salary of someone in a similar position.

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

The four aas presidents of the board review the salary and performance of the 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

Filer Name
Association for Asian Studies Inc
EIN
38-1615380
Phone
7346652490
Address
825 VICTORS WAY SUITE 310, ANN ARBOR, MI 48108

Signing Officer

Name
Michael Paschal
Title
Executive Director
Phone
7346652490
Signed
2018-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Paschal
Formed
1941
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
14
Volunteers
110

Preparer

Firm
Myler & Szczypka Pc
Address
PO BOX 435, ANN ARBOR, MI 48106-0435
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 4D

The collect of membership dues, the activities to provide member benefits, and the provision of funds to aas councils to enable their activities.

Form 990, Part IX, Line 11G

Advertising-other 990-t -5,421 0 0 annual meeting special panel 4,702 0 0 copyediting 2,691 0 0 council a mtg panel 5,014 0 0 council subvention/outreach 32,650 0 0 design/composition 20,241 0 0 development fund expense 151,295 0 0 dues 0 7,311 0 editor fringe benefits 44,249 0 0 editor release time 22,817 0 0 editorial office 3,291 0 0 general expense 6 941 19 grant admin service charge 38,102 0 0 grant expense/support teachin 421,185 0 0 maintenance/serv contract 0 2,736 0 managing editor fees 79,308 0 0 office cleaning 0 1,740 0 office equipment 0 21 0 outside services 85,284 2,084 91 personal services 158,692 0 60,916 prize awards 18,200 0 0 publications storage 700 0 0 readership allocation -319,381 0 0 training 1,610 128 0 ubit taxes 9,448 0 0 total 774,683 14,961 61,026

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

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

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IRS990/Form990PartVIISectionAGrp/TitleTxt7SEAC CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8COC CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9JAS EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CONFERENCE C
IRS990/Form990PartVIISectionAGrp/TitleTxt11COMMITTEE CH
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
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IRS990/InsuranceGrp/ManagementAndGeneralAmt018807
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0-7447
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066579
IRS990/OtherExpensesGrp/Desc0READERSHIP COSTS
IRS990/OtherExpensesGrp/Desc1READERSHIP COSTS
IRS990/OtherExpensesGrp/Desc2READERSHIP COSTS
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IRS990/OtherExpensesGrp/ProgramServicesAmt1141623
IRS990/OtherExpensesGrp/ProgramServicesAmt214741
IRS990/OtherExpensesGrp/ProgramServicesAmt31652
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IRS990/OtherExpensesGrp/TotalAmt1141623
IRS990/OtherExpensesGrp/TotalAmt214741
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IRS990/OtherLiabilitiesGrp/EOYAmt070106
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IRS990/OtherRevenueMiscGrp/BusinessCd1511120
IRS990/OtherRevenueMiscGrp/BusinessCd2511120
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IRS990/OtherRevenueMiscGrp/Desc1EDUCATION ABOUT ASIA
IRS990/OtherRevenueMiscGrp/Desc2CONFERENCE ADS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt164989
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt261620
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01475
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt156630
IRS990/OtherRevenueTotalAmt0422511
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0140483
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0599371
IRS990/OtherSalariesAndWagesGrp/TotalAmt0659918
IRS990/OtherWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt02748
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt045542
IRS990/PayrollTaxesGrp/ProgramServicesAmt011211
IRS990/PayrollTaxesGrp/TotalAmt059501
IRS990/PensionPlanContributionsGrp/FundraisingAmt03791
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt052816
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-5299
IRS990/PensionPlanContributionsGrp/TotalAmt051308
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0693678
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082492
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0118963
IRS990/PrincipalOfficerNm0MICHAEL PASCHAL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PUBLICATIONS/CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2ADVERTISING 990-T
IRS990/ProgramServiceRevenueGrp/Desc3CIRCULATION INCOME 990-T
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01289061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1543174
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2-89373
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-294688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01289061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1543174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2-89373
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-294688
IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATIONS - INCLUDING THE JOURNAL OF ASIAN STUDIES, BIBLIOGRAPHY OF ASIAN STUDIES, EDUCATION ABOUT ASIA, AND PUBLICATION DEVELOPED FOR MEMBERS AND SUBSCRIBERS, CIRCULATIONS OF THE JOURNAL IS APPROXIMATELY 7,000.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0817836
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0672951
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER ACTIVITY - ADMINISTRATION OF GRANTS, PRIZES, ENDOWMENTS AND BOARD OF DIRECTORS' DESIGNATED FUNDS EARMARKED FOR SPECIFIC PURPOSES RELATED TO THE STUDY OF ASIA. THESE ACTIVITIES ARE PART OF THE ASSOCIATION'S ADMINSTRATIVE MISSION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0669417
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0258276
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE COLLECT OF MEMBERSHIP DUES, THE ACTIVITIES TO PROVIDE MEMBER BENEFITS, AND THE PROVISION OF FUNDS TO AAS COUNCILS TO ENABLE THEIR ACTIVITIES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0179102
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IRS990/PYTotalRevenueAmt03201170
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IRS990ScheduleA/InvestmentIncomeCYPct00.11000
IRS990ScheduleA/InvestmentIncomePYPct00.10000
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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
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