Nonprofit · EIN 86-3593724
ASIAN AMERICAN SCHOLAR FORUM INC
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,432,609 | $903,145 | $529,464 | $1,598,327 | $7,282 | $1,591,045 |
| May 31, 2024 | 990 | $694,652 | $474,035 | $220,617 | $1,056,515 | $1,691 | $1,054,824 |
| May 31, 2023 | 990 | $984,477 | $149,484 | $834,993 | $852,225 | $18,018 | $834,207 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $1,378,695
- Program service revenue
- $0
- Investment income
- $53,914
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $40,000
- Compensation of officers, directors and key employees
- $181,704
- Salaries, compensation and benefits (total)
- $194,092
- Professional fundraising fees
- $1,175
- Legal fees
- $32,149
- Accounting fees
- $18,000
- Occupancy
- $1,000
- Travel
- $41,428
- Program services (functional)
- $802,997
- Management and general (functional)
- $74,561
- Fundraising (functional)
- $25,587
Balance sheet and other
- Total assets, start of year
- $1,056,515
- Total assets, end of year
- $1,598,327
- Total liabilities, end of year
- $7,282
- Net assets, end of year
- $1,591,045
- Publicly traded securities
- $1,131,839
- Net assets without donor restrictions
- $1,410,929
- Net assets with donor restrictions
- $180,116
- Gross receipts
- $1,432,609
- Employees
- 1
- Volunteers
- 40
- Year formed
- 2021
- State of legal domicile
- DE
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GISELA PEREZ KUSAKAWA | EXECUTIVE DIRECTOR Officer | 40 | $188,554 |
| YASHENG HUANG | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KAI LI | VICE PRESIDENT Trustee or director, Officer | 7 | $0 |
| CHUAN HE | TREASURER Trustee or director, Officer | 1 | $0 |
| NANCY QIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| XIHONG LIN | DIRECTOR Trustee or director | 1 | $0 |
| GANG CHEN | DIRECTOR Trustee or director | 1 | $0 |
| HAIFAN LIN | DIRECTOR Trustee or director | 1 | $0 |
| YI CUI | DIRECTOR Trustee or director | 1 | $0 |
| GURINDAR S SOHI | DIRECTOR Trustee or director | 1 | $0 |
| MIN WU | DIRECTOR Trustee or director | 1 | $0 |
| XIAODONG ZHANG | DIRECTOR Trustee or director | 1 | $0 |
| ZHIGANG SUO | DIRECTOR Trustee or director | 1 | $0 |
| ARUNAVA MAJUMDAR | DIRECTOR Trustee or director | 1 | $0 |
| JIM KUROSE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GISELA PEREZ KUSAKAWA | EXECUTIVE DIRECTOR Officer | 40 | $130,000 |
| YASHENG HUANG | PRESIDENT Trustee or director, Officer | 7 | $0 |
| KAI LI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHUAN HE | TREASURER Trustee or director, Officer | 1 | $0 |
| XIHONG LIN | DIRECTOR Trustee or director | 1 | $0 |
| GANG CHEN | DIRECTOR Trustee or director | 1 | $0 |
| HAIFAN LIN | DIRECTOR Trustee or director | 1 | $0 |
| YI CUI | DIRECTOR Trustee or director | 1 | $0 |
| GURINDAR S SOHI | DIRECTOR Trustee or director | 1 | $0 |
| MIN WU | DIRECTOR Trustee or director | 1 | $0 |
| XIAODONG ZHANG | DIRECTOR Trustee or director | 1 | $0 |
| ZHIGANG SUO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GISELA KUSAKAWA | EXECUTIVE DIRECTOR Officer | 40 | $25,000 |
| KAI LI | PRESIDENT Trustee or director | 7 | $0 |
| YASHENG HUANG | BOARD MEMBER Trustee or director | 1 | $0 |
| CHUAN HE | TREASURER Trustee or director | 1 | $0 |
| XIHONG LIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ZHIGANG SUO | BOARD MEMBER Trustee or director | 1 | $0 |
| GANG CHEN | VICE PRESIDENT Trustee or director | 1 | $0 |
| HAIFAN LIN | BOARD MEMBER Trustee or director | 1 | $0 |
| YI CUI | BOARD MEMBER Trustee or director | 1 | $0 |
| GURINDAR S SOHI | BOARD MEMBER Trustee or director | 1 | $0 |
| MIN WU | BOARD MEMBER Trustee or director | 1 | $0 |
| XIAODONG ZHANG | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1776 BROADWAY STE 1101, NEW YORK, NY 10019-2007
- In care of
- % CARE OF NANCY QIN
- Mailing address (990-N for 2021)
- 1776 BROADWAY SUITE 1101, NEW YORK NY 10019
- Principal officer (990 for 2024)
- GISELA PEREZ KUSAKAWA, 1776 BROADWAY 1101, NEW YORK, NY 10019
- Principal officer (990-N for 2021)
- KAI LI, 1776 BROADWAY SUITE 1101, NEW YORK NY 10019
- Signed the 990
- KAI LI, VICE PRESIDENT
- Phone
- (508) 205-9777
- Website
- AASFORUM.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
ASIAN AMERICAN SCHOLAR FORUM (AASF) IS AN ASSOCIATION OF AMERICAN SCHOLARS OF ASIAN DESCENT UNITED TO PROMOTE ACADEMIC BELONGING, OPENNESS, FREEDOM, AND EQUALITY FOR ALL.
Program accomplishments
- AASF WORKS TO ENSURE A SEAT AT THE TABLE FOR THE ASIAN AMERICAN SCHOLAR COMMUNITY STRIVING TO LIFT UP THEIR VOICE AND ADVANCE AND PROTECT THE CIVIL RIGHTS OF ALL. WE ACCOMPLISH THIS GOAL THROUGH PARTNERSHIPS, EDUCATION, AND BUILDING BRIDGES. AASF CONVENES HIGH LEVEL DISCUSSIONS AND MEETINGS WITH THE WHITE HOUSE, FEDERAL AGENCIES, ACADEMIC INSTITUTIONS, ASSOCIATIONS, AND COMMUNITY LEADERS. AASF ENSURES THAT THE ASIAN AMERICAN SCHOLAR COMMUNITY IS EDUCATED ON THE LAWS AND POLICIES THAT IMPACT THEIR RIGHTS, WHILE ENGAGING WITH POLICYMAKERS TO PROVIDE THEM WITH THE CRUCIAL EXPERTISE AND LIVED EXPERIENCE OF ASIAN AMERICAN AND SCHOLAR COMMUNITIES. FURTHERMORE, THE AASF'S LEGAL DEFENSE AND EDUCATION FUND HELPS TO FIGHT DISCRIMINATION AND RACIAL BIAS AGAINST SCHOLARS BY FUNDING LEGAL WORK THAT HAS A POTENTIAL FOR NATIONAL IMPACT OR SETTING LEGAL PRECEDENT. AASF ALSO WORKS ON EDUCATIONAL EFFORTS TO LIFT UP THE HISTORY AND CONTRIBUTIONS OF ASIAN AMERICANS AND FURTHER EDUCATE THE GENERAL PUBLIC THROUGH DATA AND RESEARCH.Expenses $802,997 · grants $40,000
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3593724
- 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
- 2022
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B01)
- Assets (IRS master file)
- $1,598,327
- Income (IRS master file)
- $1,432,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,432,609 | $903,145 | $1,598,327 | XML |
| 990 | May 2024 | $694,652 | $474,035 | $1,056,515 | XML |
| 990 | May 2023 | $984,477 | $149,484 | $852,225 | XML |
| 990-EZ | May 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: KAI LI | December 31, 2021 | ≤ $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 86-3593724).
Questions about ASIAN AMERICAN SCHOLAR FORUM INC
- What is the EIN of ASIAN AMERICAN SCHOLAR FORUM INC?
- The employer identification number (EIN) of ASIAN AMERICAN SCHOLAR FORUM INC is 86-3593724.
- Is ASIAN AMERICAN SCHOLAR FORUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to ASIAN AMERICAN SCHOLAR FORUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICAN SCHOLAR FORUM 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 ASIAN AMERICAN SCHOLAR FORUM INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN AMERICAN SCHOLAR FORUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of ASIAN AMERICAN SCHOLAR FORUM INC?
- The 990 for the year ended May 31, 2025 names GISELA PEREZ KUSAKAWA.
- Who are the officers and directors of ASIAN AMERICAN SCHOLAR FORUM INC?
- The 990 for the year ended May 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $188,554 (GISELA PEREZ KUSAKAWA, EXECUTIVE DIRECTOR).
- How much revenue does ASIAN AMERICAN SCHOLAR FORUM INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,432,609, expenses of $903,145 and total assets of $1,598,327 at year end.
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