Nonprofit · EIN 13-3471772
ASIAN FINANCIAL SOCIETY
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $1,517 | $3,777 | -$2,260 | $122,199 | $0 | $122,199 |
| December 31, 2023 | 990-EZ | $4,282 | $6,161 | -$1,879 | $124,459 | $0 | $124,459 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $96
- Program service revenue
- $1,421
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $1,424
- Other expenses
- $2,353
- Program services (functional)
- $1,424
Balance sheet and other
- Total assets, start of year
- $124,459
- Total assets, end of year
- $122,199
- Total liabilities, end of year
- $0
- Net assets, end of year
- $122,199
- Cash, savings and investments
- $122,199
- Gross receipts
- $1,517
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frank Mah | Chair | 3 | $0 |
| Yuejuan Weng | President | 2 | $0 |
| Chengying Xiu | Director | 2 | $0 |
| David Liu | Secretary | 2 | $0 |
| Leon Li | Director | 3 | $0 |
| Arnold Chu | Treasurer | 3 | $0 |
| Blake Zhang | Director | 2 | $0 |
| Morgan Jones | Director | 2 | $0 |
| Joanne Chiu | Director | 2 | $0 |
| Jack Xu | Director | 3 | $0 |
| Kewa Luo | Director | 2 | $0 |
| Vageesh Naik | Director | 2 | $0 |
| Andy Li | Director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frank Mah | Chair | 10 | $0 |
| Yuejuan Weng | President | 8 | $0 |
| Chengying Xiu | Director | 2 | $0 |
| David Liu | Secretary | 2 | $0 |
| Leon Li | Director | 4 | $0 |
| Arnold Chu | Treasurer | 8 | $0 |
| Blake Zhang | Director | 2 | $0 |
| Morgan Jones | Director | 2 | $0 |
| Joanne Chiu | Director | 2 | $0 |
| Jack Xu | Director | 10 | $0 |
| Kewa Luo | Director | 4 | $0 |
| Vageesh Naik | Director | 3 | $0 |
| Andy Li | Director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 55 LIBERTY ST APT 3C, NEW YORK, NY 10005-1008
- Mailing address (990-N for 2009)
- PO Box 568, Bowling Green Station NY 102740568
- Principal officer (990-N for 2009)
- Yuan Cheng, 33 Berkshire Drive, Princeton Junction NJ 08550
- Signed the 990-EZ
- Frank Mah, Chair
- Phone
- (917) 720-2588
Mission
The Asian Financial Society (AFS) is a 501(c)(3) non-profit organization that aims to help young professionals achieve lifelong goals in entering the US-Asian finance industry through free or low-cost career enhancement opportunities, business development and general career support.
Program accomplishments
- AFS Summer Program #1: How can AI/ML impact the financial service industry?, July 18, 2024 AFS Summer Program #2: IPO Trends in 2024, on July 29, 2024 AFS Summer Program #3: Option trading - Strategies and Risk Management, on August 8, 2024 AFS Summer Program #4: Navigating opportunities in Southeast Asia, on August 15, 2024 AFS Summer Program #5: Personal Wealth Management () Event Date: 08/22/2024 2024 autumn hiking event on Sunday October 27 AFS Private Briefing: Dr. Ben Meng - Co-Sponsored by China Institute February 26, 2025 - 4:00 pm - 6:00 pm EDT Location: China Institute in America 40 Rector Street, New York, NY 10006Expenses $1,424
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 13-3471772
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $122,199
- Income (IRS master file)
- $1,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $1,517 | $3,777 | $122,199 | XML |
| 990-EZ | December 2023 | $4,282 | $6,161 | $124,459 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Yuan Cheng | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3471772).
Questions about ASIAN FINANCIAL SOCIETY
- What is the EIN of ASIAN FINANCIAL SOCIETY?
- The employer identification number (EIN) of ASIAN FINANCIAL SOCIETY is 13-3471772.
- Is ASIAN FINANCIAL SOCIETY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to ASIAN FINANCIAL SOCIETY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN FINANCIAL SOCIETY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ASIAN FINANCIAL SOCIETY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN FINANCIAL SOCIETY last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ASIAN FINANCIAL SOCIETY?
- The 990-N for 2009 names Yuan Cheng.
- Who are the officers and directors of ASIAN FINANCIAL SOCIETY?
- The 990-EZ for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does ASIAN FINANCIAL SOCIETY have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $1,517, expenses of $3,777 and total assets of $122,199 at year end.
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