Civic Intelligence

Association for Asian Studies Inc.

990 • Fiscal year 2019 • EIN 38-1615380

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 01, 2020

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

42nd percentile

0.13x

Higher debt load relative to assets than 42% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.38x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

32nd percentile

$128,626

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

163%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$12,394,923

Up $1,742,600 (+16%) from 2018

Net Assets

Up

$10,793,527

Up $1,652,375 (+18%) from 2018

Liabilities

Up

$1,601,396

Up $90,225 (+6.0%) from 2018

Revenue

Up

$4,220,874

Up $2,617,832 (+163%) from 2018

Expenses

Down

$2,568,499

Down $80,604 (-3.0%) from 2018

Net Income

Up

$1,652,375

Up $2,698,436 (+258%) from 2018

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

2019

Assets$12,394,923
Liabilities$1,601,396
Net Assets$10,793,527

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

2019

Revenue$4,220,874
Expenses$2,568,499
Net Income$1,652,375
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 1, 2020
Return Version
2019v5.0
Gross Receipts
$4,649,927
Mission and Program Overview

Mission

To educate the public about asia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,588,196$11,268,151▲ $1,679,955
Savings and Temporary Cash Investments$275,382$451,294▲ $175,912
Pledges and Grants Receivable$360,000$199,217▼ $160,783
Cash and Non-Interest-Bearing Accounts$154,207$174,205▲ $19,998
Accounts Receivable$188,792$161,572▼ $27,220
Prepaid Expenses and Deferred Charges$66,362$96,495▲ $30,133
Intangible Assets-$26,423-
Land, Buildings, and Equipment, Net$7,638$11,888▲ $4,250
Total Assets$10,652,323$12,394,923▲ $1,742,600
Other Assets Total$11,746$5,678▼ $6,068
Liabilities
Deferred Revenue$1,134,036$1,252,646▲ $118,610
Accounts Payable and Accrued Expenses$313,558$280,683▼ $32,875
Other Liabilities$63,577$68,067▲ $4,490
Total Liabilities$1,511,171$1,601,396▲ $90,225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,919,549$8,582,317▲ $1,662,768
Net Assets With Donor Restrictions$2,221,603$2,211,210▼ $10,393
Total Net Assets Fund Balance$9,141,152$10,793,527▲ $1,652,375
Total Liabilities and Net Assets / Fund Balance$10,652,323$12,394,923▲ $1,742,600

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$720$28,195$28,915
Other Land Buildings$11,168-$11,168

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$794,649$37,342--$831,991
2018$714,854$79,795--$794,649
2017$703,527$11,327--$714,854
2016$693,678$9,849--$703,527
2015$685,291$8,387--$693,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alicia WilliamsCFOFT$105,826$22,800$128,626
Hilary V Finchum-sungExecutive DiFT$85,192$29,614$114,806
Michael PaschalPast ExecutiFT$56,641$8,071$64,712

Board Members and Trustees

NameTitle
Jack ChenCiac Chair
Lauren MeekerCOC Chair
Alisa FriedmanNeac Chair
Purnima DhavanSac Chair
Jane FergusonSeac Chair
Prasenjit DuaraPresident
Thomas RawskiFin Committe
Vinayak ChaturvediJas Editor
Katherine BowiePast Past Pr
Anne FeldhausPast Preside
Joan JudgeProg Committ
Christine YanoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$332,028
Program Service Revenue
$1,502,751
Investment Income
$2,049,052
Other Revenue
$337,043
All Other Contributions
$332,028
Change in Net Assets
$1,652,375

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,220,874
Total Revenue per Audited Statements
$4,220,874
Total Revenue per Form 990
$4,220,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,559,794
Salaries, Compensation, and Employee Benefits$1,008,705
Total Fundraising Expense$25,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$905,340$-90,038$-11,865$803,437
Other Salaries and Wages$678,376$-86,241$13,019$605,154
Current Officers, Directors, Trustees, and Key Employees$62,831$116,687-$179,518
Travel$101,059$41,655$20,437$163,151
Office Expenses$103,434$8,496$3,652$115,582
Other Employee Benefits-$105,143-$105,143
Information Technology$7,056$58,609-$65,665
Pension Plan Contributions-$61,037-$61,037
Payroll Taxes$11,102$46,751-$57,853
Occupancy-$56,908-$56,908
Advertising$22,731--$22,731
Fees for Services Accounting-$20,500-$20,500
Insurance$2,303$14,099-$16,402
All Other Expenses$6,764--$6,764
Depreciation Depletion$1,828$4,555-$6,383
Other Expenses$2,170--$2,170
Fees for Services Legal-$1,562-$1,562
Royalties$411--$411
Total Functional Expenses$2,183,533$359,723$25,243$2,568,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,568,499
Total Expenses per Audited Statements$2,568,499
Total Expenses per Form 990$2,568,499
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$68,067
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, 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
Hilary V Finchum-sung
Title
Executive Director
Phone
7346652490
Signed
2020-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hilary V Finchum-sung
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 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 collection of membership dues and the activities to provide member benefits.

Form 990, Part IX, Line 11G

Copyediting 4,019 0 0 council a mtg panel 8,229 0 0 council subvention/outreach 37,974 0 0 design/composition 20,046 0 0 development fund expense 117,815 0 0 dues 360 7,860 0 editor fringe benefits 23,311 0 0 editor release time 25,314 0 0 editorial office 3,711 0 0 foreign taxes 0 6,179 0 general expense 6 2,614 0 grant admin service charge 43,214 0 0 grant expense/support teachin 294,168 0 0 maintenance/serv contract 0 3,701 0 managing editor fees 46,860 0 0 office cleaning 0 1,740 0 office equipment 186 1,776 0 outside services 162,882 8,085 596 personal services 147,910 0 95,055 prize awards 16,900 0 0 readership allocation -280,298 0 0 training 0 3,862 0 ubit taxes 11,891 99 0 ubit taxes (refund) -3,734 0 0 form 990-t -8,894 0 0 total 671,870 35,916 95,651

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/TitleTxt4CIAC CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5NEAC CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SAC CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9JAS EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PROG COMMITT
IRS990/Form990PartVIISectionAGrp/TitleTxt11FIN COMMITTE
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DI
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IRS990/OtherExpensesGrp/ProgramServicesAmt1114853
IRS990/OtherExpensesGrp/ProgramServicesAmt212765
IRS990/OtherExpensesGrp/ProgramServicesAmt32170
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt243214
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IRS990/PayrollTaxesGrp/ProgramServicesAmt011102
IRS990/PayrollTaxesGrp/TotalAmt057853
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IRS990/ProgramServiceRevenueGrp/Desc4ADVERTISING 990-T
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1628756
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2532809
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0774495
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0628756
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.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0369629
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0353754
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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