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Nonprofit · EIN 38-1615380

ASSOCIATION FOR ASIAN STUDIES INC

Tax-exempt · ANN ARBOR, MI 48108

Financials

$3.5M$2.2M2021$3.8M$4.3M2022$4M$4.6M2023$4.2M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of ASSOCIATION FOR ASIAN STUDIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,165,794$3,886,703$279,091$14,136,040$2,405,114$11,730,926
December 31, 2023990$4,038,446$4,578,047-$539,601$13,115,372$2,507,319$10,608,053
December 31, 2022990$3,843,739$4,289,443-$445,704$12,585,026$2,745,378$9,839,648
December 31, 2021990 (amended)$3,531,848$2,184,517$1,347,331$14,863,721$2,051,984$12,811,737
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,379,933
of which government grants
$95,581
Program service revenue
$2,084,313
Investment income
$665,359
Net gain from sales of assets
$248,941
Other revenue
$36,189

Expenses

Grants and similar amounts paid
$899,764
Compensation of officers, directors and key employees
$145,262
Other salaries and wages
$861,620
Salaries, compensation and benefits (total)
$1,304,525
Professional fundraising fees
$0
Legal fees
$131
Accounting fees
$96,176
Occupancy
$67,811
Depreciation
$20,487
Program services (functional)
$2,817,871
Management and general (functional)
$1,066,202
Fundraising (functional)
$2,630

Balance sheet and other

Total assets, start of year
$13,115,372
Total assets, end of year
$14,136,040
Total liabilities, end of year
$2,405,114
Net assets, end of year
$11,730,926
Land, buildings and equipment
$385
Publicly traded securities
$12,843,220
Net assets without donor restrictions
$10,578,711
Net assets with donor restrictions
$1,152,215
Gross unrelated business income
$7,245
Gross receipts
$4,688,634
Employees
14
Volunteers
0
Year formed
1941
State of legal domicile
NY

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Hilary Finchum-SungEx Officio
Trustee or director, Officer
40$112,435$32,827
Joanna MiddleditchDir. Of Financial Operations
Highest-paid employee
40$112,698$28,839
Krisna UkDir. of Special Initiative
Highest-paid employee
40$121,482$19,454
Hyaeweol ChoiPresident and Board Chair
Trustee or director, Officer
2$0$0
Nancy PelusoVice President
Trustee or director, Officer
2$0$0
Jean OiPast President
Trustee or director, Officer
2$0$0
Kamran AliPast Past President
Trustee or director, Officer
2$0$0
Janet TheissEIAC Chair
Trustee or director
2$0$0
Charlotte EubanksNEAC Chair
Trustee or director
2$0$0
Walter HakalaSAC Chair
Trustee or director
2$0$0
Michitake AsoSEAC Chair
Trustee or director
2$0$0
Rebecca CorbettCOC Chair
Trustee or director
2$0$0
Durba GhoshACP Committee Chair
Trustee or director
2$0$0
Elena ValussiDEI Chair
Trustee or director
2$0$0
Siddharth ChandraFIN Committee Chair
Trustee or director
2$0$0
9 more people on this return
NameTitleHours / weekCompensation
Jan BardsleyEditorial BD Chair
Trustee or director
2$0
Joseph AlterJAS Editor
Trustee or director
2$0
Hy Luong EndedPast Past President
Trustee or director, Officer
2$0
Shellen Xiao Wu EndedEIAC Chair
Trustee or director
2$0
Sonja Kim EndedNEAC Chair
Trustee or director
2$0
Manan Ahmed EndedSAC Chair
Trustee or director
2$0
Eunsook Jung EndedSEAC Chair
Trustee or director
2$0
Anne Gerritsen EndedACP Committee Chair
Trustee or director
2$0
Don Wyatt EndedDEI Chair
Trustee or director
2$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensationOther / benefits
Hilary Finchum-SungEx Officio
Trustee or director, Officer
40$108,622$31,155
Krisna UkDir. of Special Initiatives
Highest-paid employee
40$117,352$0
Jean OiPresident and Board Chair
Trustee or director, Officer
2$0$0
Hyaeweol ChoiVice President
Trustee or director, Officer
2$0$0
Kamran AliPast President
Trustee or director, Officer
2$0$0
Hy LuongPast Past President
Trustee or director, Officer
2$0$0
Shellen Xiao WuEIAC Chair
Trustee or director
2$0$0
Sonja KimNEAC Chair
Trustee or director
2$0$0
Manan AhmedSAC Chair
Trustee or director
2$0$0
Eunsook JungSEAC Chair
Trustee or director
2$0$0
Rebecca CorbettCOC Chair
Trustee or director
2$0$0
Anne GerritsenACP Committee Chair
Trustee or director
2$0$0
Don WyattDEI Chair
Trustee or director
2$0$0
Siddharth ChandraFIN Committee Chair
Trustee or director
2$0$0
Jan BardsleyEditorial BD Chair
Trustee or director
2$0$0
Joseph AlterJAS Editor
Trustee or director
2$0$0
Catherine Phipps EndedCOC Chair
Trustee or director
2$0$0
Bill Tstutsui EndedEditorial BD Chair
Trustee or director
2$0$0
Tom Rawski EndedFIN Committee Chair
Trustee or director
2$0$0
Mary Zurbuchen EndedProgram Committee Chair
Trustee or director
2$0$0
Christine Yano EndedPast Past President
Trustee or director, Officer
2$0$0
990 for the year ended December 31, 2022: 15 people
NameTitleHours / weekCompensation
HILARY FINCHUM-SUNGEX OFFICIO
Trustee or director, Officer
40$109,979
KAMRAN ALIPRESIDENT AND BOARD CHAIR
Trustee or director, Officer
2$0
CATHERINE PHIPPSCOC CHAIR
Trustee or director
2$0
SHELLEN XIAO WUEIAC CHAIR
Trustee or director
2$0
SONJA KIMNEAC CHAIR
Trustee or director
2$0
MANAN AHMEDSAC CHAIR
Trustee or director
2$0
EUNSOOK JUNGSEAC CHAIR
Trustee or director
2$0
BILL TSTUTSUIEDITORIAL BD CHAIR
Trustee or director
2$0
JOE ALTERJAS EDITOR
Trustee or director
2$0
TOM RAWSKIFIN COMMITTEE CHAIR
Trustee or director
2$0
MARY ZURBUCHENPROGRAM COMMITTEE CHAIR
Trustee or director
2$0
JEAN OIVICE PRESIDENT
Trustee or director, Officer
2$0
DON WYATTDEI CHAIR
Trustee or director
2$0
HY LUONGPAST PRESIDENT
Trustee or director, Officer
2$0
CHRISTINE YANOPAST PAST PRESIDENT
Trustee or director, Officer
2$0
990 for the year ended December 31, 2021: 14 people
NameTitleHours / weekCompensation
CHRISTINE YANOPAST PRESIDENT
Trustee or director, Officer
2$0
PRASENJIT DUARAPAST-PAST PRESIDENT
Trustee or director, Officer
2$0
HY V LUONGPRESIDENT
Trustee or director, Officer
2$0
KAMRAN ALIVICE PRESIDENT
Trustee or director, Officer
2$0
CATHERINE PHIPPSCOC CHAIR
Trustee or director
2$0
PETER CARROLLEIAC CHAIR
Trustee or director
2$0
LORI WATTNEAC CHAIR
Trustee or director
2$0
CHARLES KIMNEAC CHAIR
Trustee or director
2$0
ELORA SHEHABUDDINSAC CHAIR
Trustee or director
2$0
RICHARD FOXSEAC CHAIR
Trustee or director
2$0
BILL TSTUTSUIEDITORIAL BD CHAIR
Trustee or director
2$0
JOE ALTERJAS EDITOR
Trustee or director
2$0
TOM RAWSKIFIN COMMITTEE CHAIR
Trustee or director
2$0
HYAEWEOL CHOIPROGRAM COMMITTEE CHAIR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
825 VICTORS WAY STE 310, ANN ARBOR, MI 48108-2830
Principal officer (990 for 2024)
Hilary V Finchum-Sung, 825 Victors Way Suite 310, Ann Arbor, MI 48108
Signed the 990
Hilary V Finchum-Sung, Executive Director
Phone
(734) 665-2490
Return prepared by
YEO & YEO PC

Mission

A non-profit dedicated to the advancement of the field of Asian Studies through international exchange, networking, publication, research support and career development.

990 for the year ended December 31, 2024

Program accomplishments

  • Meeting and conferences to facilitate contact and exchange of information among scholars to increase the understanding of Asia. The Association conducts numerous regional and council meetings, and an annual meeting for over 3,000 members and non-members.
    Expenses $929,460 · grants $92,857 · revenue $1,076,486
  • Publications including the Journal of Asian Studies, Bibliography of Asian Studies, Education About Asia, and publications developed for members and subscribers. There are approximately 7,000 journals circulated annually.
    Expenses $500,928 · revenue $442,066
  • Membership dues include the activity to run and operate a professional service organization.
    Expenses $190,179 · revenue $565,761
  • Other activity includes career development for our membership, and administration of grants and other funding opportunities for research and educational programs related to the field of Asian Studies.
    Expenses $1,197,304 · grants $806,907

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1615380
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
1958
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,136,040
Income (IRS master file)
$4,688,634

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,165,794$3,886,703$14,136,040XML
990-TDecember 2024–––IRS
990December 2023$4,038,446$4,578,047$13,115,372XML
990-TDecember 2023–––IRS
990December 2022$3,843,739$4,289,443$12,585,026XML
990-TDecember 2022–––IRS
990December 2021$3,531,848$2,184,517$14,863,721XML
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 38-1615380).

Questions about ASSOCIATION FOR ASIAN STUDIES INC

What is the EIN of ASSOCIATION FOR ASIAN STUDIES INC?
The employer identification number (EIN) of ASSOCIATION FOR ASIAN STUDIES INC is 38-1615380.
Is ASSOCIATION FOR ASIAN STUDIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
Are donations to ASSOCIATION FOR ASIAN STUDIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASSOCIATION FOR ASIAN STUDIES INC 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 ASSOCIATION FOR ASIAN STUDIES INC 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 ASSOCIATION FOR ASIAN STUDIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ASSOCIATION FOR ASIAN STUDIES INC?
The 990 for the year ended December 31, 2024 names Hilary V Finchum-Sung.
Who are the officers and directors of ASSOCIATION FOR ASIAN STUDIES INC?
The 990 for the year ended December 31, 2024 lists 24 people; 3 received compensation from the organization, the highest $112,435 (Hilary Finchum-Sung, Ex Officio).
How much revenue does ASSOCIATION FOR ASIAN STUDIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,165,794, expenses of $3,886,703 and total assets of $14,136,040 at year end.

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