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Nonprofit · EIN 94-1191246

ASIA FOUNDATION

Tax-exempt · SAN FRANCISCO, CA 94104

Financials

$114.5M$117.9M2022$115.3M$117M2023$91.5M$96.7M2024
Revenue Expenses · by fiscal year end
Financials of ASIA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$91,533,507$96,709,865-$5,176,358$97,013,480$61,436,129$35,577,351
September 30, 2024990$115,339,816$116,994,134-$1,654,318$90,174,494$52,210,704$37,963,790
September 30, 2023990$114,520,358$117,865,560-$3,345,202$88,330,326$52,718,260$35,612,066
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$90,796,112
of which government grants
$79,800,269
Program service revenue
$0
Investment income
$861,417
Net gain from sales of assets
$695,191
Net income from fundraising events
-$153,076
Other revenue
-$124,022

Expenses

Grants and similar amounts paid
$17,525,257
Compensation of officers, directors and key employees
$3,050,769
Other salaries and wages
$31,709,563
Salaries, compensation and benefits (total)
$56,359,822
Professional fundraising fees
$0
Legal fees
$146,393
Accounting fees
$211,976
Occupancy
$2,818,635
Travel
$5,059,357
Depreciation
$363,712
Program services (functional)
$81,649,536
Management and general (functional)
$14,493,345
Fundraising (functional)
$566,984

Balance sheet and other

Total assets, start of year
$90,174,494
Total assets, end of year
$97,013,480
Total liabilities, end of year
$61,436,129
Net assets, end of year
$35,577,351
Land, buildings and equipment
$522,109
Publicly traded securities
$49,094,197
Net assets without donor restrictions
$21,646,571
Net assets with donor restrictions
$13,930,780
Gross receipts
$94,351,885
Employees
140
Volunteers
28
Year formed
1952
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LAUREL MILLERCEO AND PRESIDENT
Trustee or director, Officer
37.5$524,705$36,906
SUZANNE SISKELEVP & COO (THRU 2/25)
Officer
37.5$350,833$44,051
KENNETH KRUGVP FINANCE & CFO (THRU 9/25)
Officer
37.5$327,322$33,983
TODD WASSELCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$313,010$29,022
MARK KOENIGVP PROGRAMS
Key employee
37.5$282,076$48,284
NANCY YUANSR VP, WASHINGTON DC
Officer
37.5$278,211$37,520
HECTOR SALAZAR SALAMECOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$283,056$29,411
SHARON THOMPSONCHIEF PEOPLE OFFICER
Key employee
37.5$265,200$36,219
WINSTON K CHOWCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$269,061$29,261
JAIME FAUSTINOSTRATEGIC ADVISOR
Highest-paid employee
37.5$262,261$34,358
MELONEY LINDBERGCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$264,521$29,206
THOMAS PARKS IVVP STRATEGIC PARTNERSHIPS
Key employee
37.5$241,813$29,848
WENDY L SOONE-BRODERCHIEF PHILANTH. OFFICER (THRU 6/25)
Key employee
37.5$232,857$32,817
BEHNAZ RAUFICHIEF OF STAFF; ASST. SECRETARY
Officer
37.5$160,212$37,294
AMY OVALLEFORMER KEY EMPLOYEE
Former
0$117,500$0
30 more people on this return
NameTitleHours / weekCompensation
JANET MONTAGTRUSTEE, VICE CHAIR
Trustee or director, Officer
1$0
KATHLEEN STEPHENSTRUSTEE, VICE CHAIR
Trustee or director, Officer
1$0
PATRICIA M LOUITRUSTEE, TREASURER
Trustee or director, Officer
1$0
MICHAEL J GREENTRUSTEE, SECRETARY
Trustee or director, Officer
1$0
S TIMOTHY KOCHISTRUSTEE, CHAIRMAN
Trustee or director, Officer
1$0
LAMA AHMADTRUSTEE
Trustee or director
1$0
DEBRA KNOPMANTRUSTEE
Trustee or director
1$0
LAUREN MORIARTYTRUSTEE
Trustee or director
1$0
LIN JAMISONTRUSTEE
Trustee or director
1$0
DEANNE WEIRTRUSTEE
Trustee or director
1$0
JACQUELINE LUNDQUISTTRUSTEE
Trustee or director
1$0
WINNIE C FENGTRUSTEE
Trustee or director
1$0
EUN MEE KIM PHDTRUSTEE
Trustee or director
1$0
MARY ANN PETERSTRUSTEE
Trustee or director
1$0
MA LAURICE JAMEROTRUSTEE
Trustee or director
1$0
MEREDETH LUDLOWTRUSTEE
Trustee or director
1$0
FRANK LAVINTRUSTEE
Trustee or director
1$0
PENNY WILLIAMSTRUSTEE
Trustee or director
1$0
ROBERT O BLAKE JRTRUSTEE
Trustee or director
1$0
RUBY SHANGTRUSTEE
Trustee or director
1$0
RYAN HASSTRUSTEE
Trustee or director
1$0
DANIEL F FELDMANTRUSTEE
Trustee or director
1$0
STEPHANIE FAHEYTRUSTEE
Trustee or director
1$0
CLARE LOCKHARTTRUSTEE
Trustee or director
1$0
TED OSIUSTRUSTEE
Trustee or director
1$0
CHENG-LING CHENTRUSTEE
Trustee or director
1$0
CALVIN SIMSTRUSTEE
Trustee or director
1$0
HARRY THOMAS JRTRUSTEE
Trustee or director
1$0
NIKOLOS OAKLEYVP, FINANCE & CFO (FROM 9/25)
Officer
0$0
JENNY CHOI-FITZPATRICKVP & COO (FROM 2/25)
Officer
0$0
990 for the year ended September 30, 2024: 43 people
NameTitleHours / weekCompensationOther / benefits
LAUREL MILLERCEO AND PRESIDENT (FROM 02/2023)
Trustee or director, Officer
37.5$414,308$35,296
SUZANNE E SISKELEVP & COO
Officer
37.5$343,954$43,873
KENNETH M KRUGVP FINANCE & CFO
Officer
37.5$320,904$35,548
WINSTON K CHOWSENIOR DIRECTOR
Highest-paid employee
37.5$314,460$28,049
MELONEY LINDBERGCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$303,693$27,738
THOMAS PARKS IVCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$296,217$25,557
AMY H OVALLEVP, GLOBAL COMMS. (THRU 12/2023)
Key employee
37.5$268,056$51,782
JAIME FAUSTINOSTRATEGIC ADVISOR
Highest-paid employee
37.5$280,446$32,803
NANCY YUANSR VP, WASHINGTON DC
Officer
37.5$272,756$36,292
MARK KOENIGCOUNTRY RESPRESENTATIVE
Highest-paid employee
37.5$260,851$28,362
GORDON R HEINFORMER OFFICER (THRU 08/2023)
Former
37.5$238,633$36,963
WENDY L SOONE-BRODERCHIEF PHILANTROPY OFFICER
Key employee
37.5$228,291$30,456
DAVID D ARNOLDFORMER OFFICER (THRU 01/2023)
Former
37.5$166,287$19,691
BEHNAZ RAUFIASSISTANT SECRETARY (FROM 02/2023)
Officer
37.5$149,647$35,240
ROGER CRAIGFORMER KEY EMPLOYEE (THRU 09/2023)
Former
37.5$128,492$21,196
S TIMOTHY KOCHISTRUSTEE, CHAIRMAN
Trustee or director, Officer
1$0$0
KATHLEEN STEPHENSTRUSTEE, VICE CHAIR
Trustee or director, Officer
1$0$0
JANET MONTAGTRUSTEE, VICE CHAIR
Trustee or director, Officer
1$0$0
PATRICIA M LOUITRUSTEE, TREASURER
Trustee or director, Officer
1$0$0
MICHAEL J GREENTRUSTEE, SECTRETARY
Trustee or director, Officer
1$0$0
LAMA AHMADTRUSTEE
Trustee or director
1$0$0
ROBERT O BLAKE JRTRUSTEE
Trustee or director
1$0$0
CHENG-LING CHENTRUSTEE
Trustee or director
1$0$0
KARL EIKENBERRYTRUSTEE
Trustee or director
1$0$0
STEPHANIE FAHEYTRUSTEE
Trustee or director
1$0$0
DANIEL FELDMANTRUSTEE
Trustee or director
1$0$0
WINNIE C FENGTRUSTEE
Trustee or director
1$0$0
RYAN HASSTRUSTEE
Trustee or director
1$0$0
MA LAURICE JAMEROTRUSTEE
Trustee or director
1$0$0
LIN JAMISONTRUSTEE
Trustee or director
1$0$0
EUN MEE KIM PHDTRUSTEE
Trustee or director
1$0$0
DEBRA KNOPMANTRUSTEE
Trustee or director
1$0$0
FRANK LAVINTRUSTEE
Trustee or director
1$0$0
CLARE LOCKHARTTRUSTEE
Trustee or director
1$0$0
MEREDETH LUDLOWTRUSTEE
Trustee or director
1$0$0
JACQUELINE LUNDQUISTTRUSTEE
Trustee or director
1$0$0
LAUREN MORIARTYTRUSTEE
Trustee or director
1$0$0
TED OSIUSTRUSTEE
Trustee or director
1$0$0
MARY ANN PETERSTRUSTEE
Trustee or director
1$0$0
RUBY SHANGTRUSTEE
Trustee or director
1$0$0
CALVIN SIMSTRUSTEE
Trustee or director
1$0$0
HARRY THOMAS JRTRUSTEE
Trustee or director
1$0$0
DEANNE WEIRTRUSTEE
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 49 people
NameTitleHours / weekCompensationOther / benefits
DAVID D ARNOLDCEO AND PRESIDENT (THRU 1/23)
Trustee or director, Officer
37.5$545,196$46,740
SUZANNE E SISKELEVP, COO
Officer
37.5$331,528$41,052
KENNETH M KRUGVP, FINANCE & CFO
Officer
37.5$322,316$32,021
MARK KOENIGCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$292,776$25,032
GORDON R HEINSR VP, PROGRAMS
Officer
37.5$272,907$43,369
WINSTON K CHOWSENIOR DIRECTOR
Highest-paid employee
37.5$284,613$26,386
TODD WASSELCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$284,075$25,370
THOMAS PARKS IVCOUNTRY REPRESENTATIVE
Highest-paid employee
37.5$289,661$18,556
JAIME FAUSTINOSTRATEGIC ADVISOR
Highest-paid employee
37.5$269,958$30,391
NANCY YUANSR VP, WASHINGTON DC
Officer
37.5$263,912$34,398
ROGER CRAIGCHIEF HR OFFICER
Key employee
37.5$259,082$33,536
AMY H OVALLEVP, GLOBAL COMMUNICATIONS
Key employee
37.5$213,884$44,424
WENDY L SOONE-BRODERCHIEF PHILANTHROPY OFFICER
Key employee
37.5$220,742$29,702
MICHELLE RHODDASSISTANT SECRETARY
Officer
37.5$118,399$13,814
LAUREL E MILLERCEO AND PRESIDENT (FROM 2/23)
Trustee or director, Officer
37.5$0$0
TERRANCE ADAMSONTRUSTEE
Trustee or director
1$0$0
WILLIAM BALL IIITRUSTEE
Trustee or director
1$0$0
ROBERT O BLAKE JRTRUSTEE
Trustee or director
1$0$0
KARL EIKENBERRYTRUSTEE
Trustee or director
1$0$0
STEPHANIE FAHEYTRUSTEE
Trustee or director
1$0$0
WINNIE C FENGTRUSTEE
Trustee or director
1$0$0
BADRUUN GARDITRUSTEE
Trustee or director
1$0$0
MICHAEL J GREENTRUSTEE, SECRETARY
Trustee or director, Officer
1$0$0
KELSEY HARPHAMTRUSTEE
Trustee or director
1$0$0
RYAN HASSTRUSTEE
Trustee or director
1$0$0
LIN JAMISONTRUSTEE
Trustee or director
1$0$0
STEPHEN KAHNGTRUSTEE
Trustee or director
1$0$0
EUN MEE KIMTRUSTEE
Trustee or director
1$0$0
DEBRA KNOPMANTRUSTEE
Trustee or director
1$0$0
TIMOTHY KOCHISTRUSTEE, CHAIRMAN
Trustee or director, Officer
1$0$0
MARKOS KOUNALAKISTRUSTEE
Trustee or director
1$0$0
FRANKLIN LAVINTRUSTEE
Trustee or director
1$0$0
CLARE LOCKHARTTRUSTEE
Trustee or director
1$0$0
PATRICIA M LOUITRUSTEE, TREASURER
Trustee or director, Officer
1$0$0
MEREDITH LUDLOWTRUSTEE
Trustee or director
1$0$0
JACQUELINE LUNDQUISTTRUSTEE
Trustee or director
1$0$0
JAMES D MCCOOLTRUSTEE
Trustee or director
1$0$0
JANET MONTAGTRUSTEE
Trustee or director
1$0$0
LAUREN MORIARTYTRUSTEE
Trustee or director
1$0$0
MOON KOOK-HYUNTRUSTEE
Trustee or director
1$0$0
ADIL NAJAMTRUSTEE
Trustee or director
1$0$0
TED OSIUSTRUSTEE
Trustee or director
1$0$0
MARY ANN PETERSTRUSTEE
Trustee or director
1$0$0
RUBY SHANGTRUSTEE
Trustee or director
1$0$0
CALVIN SIMSTRUSTEE
Trustee or director
1$0$0
KATHLEEN STEPHENSTRUSTEE
Trustee or director
1$0$0
HARRY THOMAS JRTRUSTEE
Trustee or director
1$0$0
DEANNE WEIRTRUSTEE
Trustee or director
1$0$0
BEHNAZ RAUFIASSISTANT SECRETARY
Officer
37.5$0$0

Address and contacts

Address (IRS master file)
425 CALIFORNIA ST STE 1700, SAN FRANCISCO, CA 94104-2202
In care of
% MARY SANDERSON
Principal officer (990 for 2024)
LAUREL MILLER, 425 CALIFORNIA STREET 1700, SAN FRANCISCO, CA 941041822
Signed the 990
NIKOLOS OAKLEY, VP, FINANCE & CFO
Phone
(415) 743-3324
Return prepared by
CLARK NUBER PS

California records

California keeps its own records of charities and corporations. Search them by EIN 94-1191246 or by the name ASIA FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE ASIA FOUNDATION (TAF) IS AN INTERNATIONAL NONPROFIT ORGANIZATION WORKING TO SOLVE THE TOUGHEST SOCIAL AND ECONOMIC CHALLENGES IN ASIA AND THE PACIFIC. (CONTINUED ON SCHEDULE O)

990 for the year ended September 30, 2025

Program accomplishments

  • GOVERNANCE: TAF FOSTERS RESPONSIVE, EFFECTIVE, AND ACCOUNTABLE INSTITUTIONS AND DECISION-MAKING PROCESSES THAT PROMOTE THE ECONOMIC GROWTH AND LONG-TERM SUSTAINABILITY OF THE ASIA PACIFIC REGION. CONDUCTED IN PARTNERSHIP WITH GOVERNMENT AGENCIES AND OFFICIALS, CIVIL SOCIETY ORGANIZATIONS, AND OTHER ACTORS, TAF'S PROGRAMS FACILITATE: MORE EFFICIENT AND EFFECTIVE GOVERNANCE SYSTEMS, STRUCTURES, AND SERVICES; PRODUCTIVE PUBLIC-PRIVATE PARTNERSHIPS; GREATER TRANSPARENCY AND CITIZEN VOICE IN PUBLIC DECISION MAKING; FAIRER, MORE JUST, AND MORE ACCESSIBLE LEGAL SYSTEMS, SERVICES, AND DISPUTE RESOLUTION; AND MORE EFFECTIVE STRATEGIES, APPROACHES, AND MECHANISMS TO RESOLVE CONFLICT AND PROMOTE PEACE.
    Expenses $48,843,558 · grants $10,420,111
  • ECONOMIC GROWTH: TAF SUPPORTS LOCAL, NATIONAL, AND REGIONAL-LEVEL EFFORTS TO FOSTER ECONOMIC GROWTH AND OPPORTUNITY IN ASIA AND THE PACIFIC. TAF'S PROGRAMS: SUPPORT DIGITAL LITERACY SKILLS DEVELOPMENT, STEM EDUCATION, AND OTHER WORKFORCE DEVELOPMENT INITIATIVES; FACILITATE THE APPLICATION OF DIGITAL TECHNOLOGY IN FINANCIAL SYSTEMS, TRADE, AND SMALL BUSINESS MANAGEMENT; STRENGTHEN THE ROLE AND INFLUENCE OF BUSINESS MEMBERSHIP ASSOCIATIONS; HELP SECURE THE POLICY MEASURES AND ACTIONS NEEDED FOR ECONOMIC GROWTH AND INNOVATION AND CONDUCIVE BUSINESS ENVIRONMENTS; AND STRENGTHEN PLATFORMS FOR REGIONAL ECONOMIC COOPERATION.
    Expenses $23,952,286 · grants $4,281,247
  • WOMEN'S EMPOWERMENT: TAF EXPANDS WOMEN'S ECONOMIC OPPORTUNITIES, INCREASES WOMEN'S RIGHTS AND SECURITY, AND ADVANCES WOMEN'S POLITICAL PARTICIPATION, TRANSFORMING THE LIVES OF TENS OF THOUSANDS OF WOMEN AND GIRLS ACROSS ASIA AND THE PACIFIC. TAF PROGRAMS: PROVIDE EDUCATION, TRAINING, AND SCHOLARSHIPS TO INCREASE WOMEN'S ENTREPRENEURSHIP AND ECONOMIC OPPORTUNITIES; STRENGTHEN LAWS AND LEGAL SYSTEMS TO PROMOTE WOMEN'S RIGHTS AND SECURITY BY REDUCING TRAFFICKING AND VIOLENCE AGAINST WOMEN AND GIRLS; AND ADVANCE WOMEN'S PARTICIPATION AND LEADERSHIP IN PUBLIC AFFAIRS, LAW AND POLICY MAKING, AND THE BUSINESS SECTOR.
    Expenses $8,433,178 · grants $2,802,211
  • THE ASIA FOUNDATION IDENTIFIES AND SUPPORTS THE PROFESSIONAL DEVELOPMENT OF THE NEXT GENERATION OF ASIAN AND PACIFIC LEADERS THROUGH SCHOLARSHIPS AND FELLOWSHIPS; PROMOTES A CULTURE OF READING AND LEARNING THROUGH THE "LET'S READ" DIGITAL LIBRARY OF LOCAL LANGUAGE CHILDREN'S LITERATURE; FACILITATES INCREASED CROSS-SECTORAL COOPERATION IN NATURAL RESOURCE MANAGEMENT, DISASTER RISK REDUCTION, ENVIRONMENTAL CONFLICT MITIGATION, AND GREATER PUBLIC AND PRIVATE INVESTMENT IN SUSTAINABLE INFRASTRUCTURE; AND PROMOTES INCREASED MULTI-COUNTRY COOPERATION ON CRITICAL REGIONAL AND INTERNATIONAL CHALLENGES, INCLUDING AID EFFECTIVENESS, TRADE AND INVESTMENT, SECURITY, AND FOREIGN POLICY.
    Expenses $420,514 · grants $21,688

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

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
94-1191246
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
1952
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$97,013,480
Income (IRS master file)
$94,351,885

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$91,533,507$96,709,865$97,013,480XML
990-TSeptember 2025–––IRS
990September 2024$115,339,816$116,994,134$90,174,494XML
990-TSeptember 2024–––IRS
990September 2023$114,520,358$117,865,560$88,330,326XML
990-TSeptember 2023–––IRS
990September 2022$101,640,301$104,744,577$77,781,251IRS
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 94-1191246).

Questions about ASIA FOUNDATION

What is the EIN of ASIA FOUNDATION?
The employer identification number (EIN) of ASIA FOUNDATION is 94-1191246.
Is ASIA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
Are donations to ASIA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASIA FOUNDATION 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 ASIA FOUNDATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ASIA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of ASIA FOUNDATION?
The 990 for the year ended September 30, 2025 names LAUREL MILLER.
Who are the officers and directors of ASIA FOUNDATION?
The 990 for the year ended September 30, 2025 lists 45 people; 15 received compensation from the organization, the highest $524,705 (LAUREL MILLER, CEO AND PRESIDENT).
How much revenue does ASIA FOUNDATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $91,533,507, expenses of $96,709,865 and total assets of $97,013,480 at year end.

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