Nonprofit · EIN 87-4114362
ASIAN AMERICAN MEDIA INC
Tax-exempt · COVINA, CA 91723
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $280,899 | $390,876 | -$109,977 | $187,769 | $7,361 | $180,408 |
| December 31, 2023 | 990 | $384,649 | $153,413 | $231,236 | $290,518 | $133 | $290,385 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $261,580
- Program service revenue
- $0
- Investment income
- $1,192
- Other revenue
- $18,127
Expenses
- Grants and similar amounts paid
- $50,500
- Compensation of officers, directors and key employees
- $99,512
- Other salaries and wages
- $78,199
- Salaries, compensation and benefits (total)
- $192,633
- Professional fundraising fees
- $0
- Legal fees
- $100
- Accounting fees
- $6,600
- Travel
- $30,441
- Program services (functional)
- $330,661
- Management and general (functional)
- $36,128
- Fundraising (functional)
- $24,087
Balance sheet and other
- Total assets, start of year
- $290,518
- Total assets, end of year
- $187,769
- Total liabilities, end of year
- $7,361
- Net assets, end of year
- $180,408
- Gross unrelated business income
- $18,127
- Gross receipts
- $280,899
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Randall Yip | President Trustee or director | 56 | $99,512 |
| Dickson Louie | Treasurer Trustee or director | 1 | $0 |
| David Liu | Chairman Trustee or director | 1 | $0 |
| Annie Lam | Director Trustee or director | 1 | $0 |
| Ulash Thakore-Dunlap | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Randall Yip | Chairman Trustee or director | 40 | $6,996 |
| Dickson Louie | Treasurer Trustee or director | 1 | $0 |
| David Liu | Secretary Trustee or director | 1 | $0 |
| Annie Lam | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 440 N BARRANCA AVE 8117, COVINA, CA 91723-1722
- Mailing address (990-N for 2021)
- 340 S LEMON AVENUE 8117, WALNUT CA 91789
- Principal officer (990 for 2024)
- Randall Yip, 440 North Barranca Ave 8117, Covina, CA 91723
- Principal officer (990-N for 2021)
- RANDALL YIP, 340 S LEMON AVENUE 8117, WALNUT CA 91789
- Signed the 990
- Randall Yip, Chairman
- Phone
- (415) 672-9140
- Website
- asamnews.com
- Return prepared by
- Advise RE PC
California records
California keeps its own records of charities and corporations. Search them by EIN 87-4114362 or by the name ASIAN AMERICAN MEDIA INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Driving the narrative about AAPIs to showcase all that is American about us.
Program accomplishments
- All other achievementsExpenses $330,661 · grants $50,500
- Selected by Library of Congress as a preservation site for our cultural and historical significance
- Held a conference at UC Berkeley bringing together members of the Asian American and Pacific Islander community across the political spectrum. More than 100 people attended the day-long conference
- Hosted veteran network news anchor Connie Chung to discuss her life and career during an in-person gathering at Columbia University
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-4114362
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $187,769
- Income (IRS master file)
- $280,899
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $280,899 | $390,876 | $187,769 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $384,649 | $153,413 | $290,518 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $97,842 | $60,943 | $59,570 | IRS |
| 990-N for 2021 Officer: RANDALL YIP | 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 87-4114362).
Questions about ASIAN AMERICAN MEDIA INC
- What is the EIN of ASIAN AMERICAN MEDIA INC?
- The employer identification number (EIN) of ASIAN AMERICAN MEDIA INC is 87-4114362.
- Is ASIAN AMERICAN MEDIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to ASIAN AMERICAN MEDIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICAN MEDIA 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 MEDIA 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 ASIAN AMERICAN MEDIA 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 ASIAN AMERICAN MEDIA INC?
- The 990 for the year ended December 31, 2024 names Randall Yip.
- Who are the officers and directors of ASIAN AMERICAN MEDIA INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $99,512 (Randall Yip, President).
- How much revenue does ASIAN AMERICAN MEDIA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $280,899, expenses of $390,876 and total assets of $187,769 at year end.
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