Nonprofit · EIN 23-2827657
ASIAN ARTS INITIATIVE
Tax-exempt · PHILADELPHIA, PA 19107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,647,988 | $2,641,349 | -$993,361 | $7,664,202 | $115,076 | $7,549,126 |
| June 30, 2024 | 990 | $1,973,295 | $2,581,180 | -$607,885 | $8,820,506 | $278,019 | $8,542,487 |
| June 30, 2023 | 990 | $1,796,789 | $2,091,708 | -$294,919 | $9,211,656 | $237,806 | $8,973,850 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,272,619
- of which government grants
- $83,310
- Program service revenue
- $170,007
- Investment income
- $205,362
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $313,021
- Compensation of officers, directors and key employees
- $139,747
- Other salaries and wages
- $1,053,245
- Salaries, compensation and benefits (total)
- $1,496,746
- Professional fundraising fees
- $0
- Occupancy
- $139,362
- Depreciation
- $200,715
- Program services (functional)
- $1,795,019
- Management and general (functional)
- $625,555
- Fundraising (functional)
- $220,775
Balance sheet and other
- Total assets, start of year
- $8,820,506
- Total assets, end of year
- $7,664,202
- Total liabilities, end of year
- $115,076
- Net assets, end of year
- $7,549,126
- Land, buildings and equipment
- $4,551,204
- Publicly traded securities
- $2,042,316
- Net assets without donor restrictions
- $5,432,316
- Net assets with donor restrictions
- $2,116,810
- Gross receipts
- $1,647,988
- Employees
- 22
- Volunteers
- 9
- Year formed
- 1996
- State of legal domicile
- PA
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matt Nelson | MANAGING DIRECTOR Highest-paid employee | 40 | $106,223 | $3,600 |
| DAVE KYU | Interim ED (EFF. 8/15/24) Officer | 40 | $98,908 | $4,481 |
| Anne Ishii | Former ED (Thru. 8/15/24) Officer | 40 | $71,619 | $0 |
| Tuan Nguyen | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Blessy Thomas | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| Eva Ray | Secretary (Thru. 12/31/2024) Trustee or director, Officer | 1 | $0 | $0 |
| Sandra Clark | Board Member Trustee or director | 1 | $0 | $0 |
| Mary Yee | Board Member Trustee or director | 1 | $0 | $0 |
| Candace Chewning | Board Member Trustee or director | 1 | $0 | $0 |
| Catherine Lee | Secretary (eff. 8/29/2024) Trustee or director | 1 | $0 | $0 |
| Sonia Pal | Board Member (thru 7/31/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anne Ishii | Executive Director Officer | 40 | $106,665 | $14,567 |
| Tuan Nguyen | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Blessy Thomas | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| Eva Ray | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Sandra Clark | Board Member Trustee or director | 1 | $0 | $0 |
| Mary Yee | Board Member Trustee or director | 1 | $0 | $0 |
| Candace Chewning | Board Member Trustee or director | 1 | $0 | $0 |
| Sonia Pal | Former Treasurer Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANNE ISHII | EXECUTIVE DIRECTOR Officer | 40 | $106,665 | $13,910 |
| TUAN NGUYEN | INTERIM CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SONIA PAL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EVA RAY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SANDRA CLARK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY YEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CANDACE CHEWNING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEYAMMA MATHEW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAORI HOLMES | CO-CHAIR UNTIL JAN. 2023 Trustee or director, Officer | 1 | $0 | $0 |
| AMY SADAO | CO-CHAIR UNTIL SEPT. 2022 Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1219 VINE STREET, PHILADELPHIA, PA 19107-1130
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- DAVE KYU, 1219 Vine St100, Philadelphia, PA 19107
- Signed the 990
- DAVE KYU, INTERIM EXEC DIR
- Phone
- (215) 557-0455
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
THE ASIAN ARTS INITIATIVE IS A COMMUNITY-BASED ARTS CENTER IN PHILADELPHIA THAT ENGAGES ARTISTS AND EVERYDAY PEOPLE TO CREATE ART THAT EXPLORES THE DIVERSE EXPERIENCES OF ASIAN AMERICANS, ADDRESSES OUR SOCIAL CONTEXT, IMAGINES AND AFFECTS POSITIVE COMMUNITY CHANGE.
Program accomplishments
- THE ASIAN ARTS INITIATIVE OFFERS PERFORMANCES, EXHIBITIONS, WORKSHOPS AND TRAINING FOR ARTISTS, YOUTH AND ADULTS WHO SHARE ITS MISSION OF COMMUNITY BASED ARTS. THE ASIAN ARTS INITIATIVE IS A UNIQUE AND VITAL CIVIC SPACE WHERE ARTISTS AND EVERYDAY PEOPLE CAN THINK CRITICALLY ABOUT THE EXPERIENCES OF ASIAN AMERICANS IN PHILADELPHIA. IT IS A MEETING PLACE FOR PEOPLE WHO LACK ACCESS TO MAINSTREAM MEDIA, EDUCATION AND ARTS BECAUSE OF BARRIERS OF LANGUAGE, CULTURE, RACE AND MONEY. IT SERVES A DIVERSE CONSTITUENCY OF ASIAN IMMIGRANTS, ASIAN AMERICANS BORN IN THE US AND NON ASIANS WHO COME TOGETHER TO GIVE VOICE TO THEIR EXPERIENCES, RAISE AWARENESS OF ISSUES FACING THEM AND IMAGINE THEIR COLLECTIVE POSSIBILITIES FOR SOCIAL CHANGE.Expenses $1,795,019 · grants $3,313,021 · revenue $170,007
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2827657
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A230)
- Assets (IRS master file)
- $7,664,202
- Income (IRS master file)
- $1,647,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,647,988 | $2,641,349 | $7,664,202 | IRS |
| 990 | June 2024 | $1,973,295 | $2,581,180 | $8,820,506 | IRS |
| 990 | June 2023 | $1,796,789 | $2,091,708 | $9,211,656 | XML |
| 990 | June 2022 | $3,219,829 | $1,854,995 | $9,408,245 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 23-2827657).
Questions about ASIAN ARTS INITIATIVE
- What is the EIN of ASIAN ARTS INITIATIVE?
- The employer identification number (EIN) of ASIAN ARTS INITIATIVE is 23-2827657.
- Is ASIAN ARTS INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ASIAN ARTS INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN ARTS INITIATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASIAN ARTS INITIATIVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN ARTS INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASIAN ARTS INITIATIVE?
- The 990 for the year ended June 30, 2025 names DAVE KYU.
- Who are the officers and directors of ASIAN ARTS INITIATIVE?
- The 990 for the year ended June 30, 2025 lists 11 people; 3 received compensation from the organization, the highest $106,223 (Matt Nelson, MANAGING DIRECTOR).
- How much revenue does ASIAN ARTS INITIATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,647,988, expenses of $2,641,349 and total assets of $7,664,202 at year end.
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