Nonprofit · EIN 94-1753170
ASIAN INC
Tax-exempt · SAN FRANCISCO, CA 94103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,561,637 | $4,381,533 | $1,180,104 | $14,814,259 | $7,260,354 | $7,553,905 |
| December 31, 2023 | 990 | $4,287,646 | $4,009,662 | $277,984 | $13,830,227 | $7,483,361 | $6,346,866 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $673,168
- Program service revenue
- $3,518,843
- Investment income
- $126,950
- Net rental income
- $252,669
- Net income from fundraising events
- $6,720
- Other revenue
- $1,242,676
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $208,421
- Other salaries and wages
- $2,104,092
- Salaries, compensation and benefits (total)
- $2,874,966
- Professional fundraising fees
- $0
- Legal fees
- $169,317
- Accounting fees
- $54,100
- Occupancy
- $418,316
- Travel
- $25,980
- Depreciation
- $884
- Program services (functional)
- $3,390,377
- Management and general (functional)
- $943,817
- Fundraising (functional)
- $47,339
Balance sheet and other
- Total assets, start of year
- $13,830,227
- Total assets, end of year
- $14,814,259
- Total liabilities, end of year
- $7,260,354
- Net assets, end of year
- $7,553,905
- Land, buildings and equipment
- $3,519,975
- Net assets without donor restrictions
- $7,275,921
- Net assets with donor restrictions
- $277,984
- Gross receipts
- $5,723,244
- Employees
- 46
- Volunteers
- 2
- Year formed
- 1971
- 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 | Other / benefits |
|---|---|---|---|---|
| LAMAR HEYSTEK | President Officer | 40 | $169,400 | $29,700 |
| DAVID MENDOZA | PROJET DIRECTOR | 40 | $139,654 | $16,780 |
| TONY TANG | BIZ PROGR DIRECTOR | 40 | $126,388 | $15,206 |
| NOBBY CHENG | HOUSING DIRECTOR | 40 | $110,308 | $25,273 |
| ARMAND PANTALEON | DIRECTOR OF RE MGM | 40 | $116,923 | $14,061 |
| DRO ABRAHAMIAN | COO | 40 | $39,021 | $7,183 |
| FRANK FUNG | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT LO | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SONYA TRAC | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BETTY LEM | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| AUBRI BRYAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRISTINA CIU | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW CHAU | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JONATHAN LEONG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ROGER ROYSE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELJAY FEUERMAN | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAMAR HEYSTEK | President Officer | 40 | $195,776 |
| DRO ABRAHAMIAN | COO Officer | 40 | $151,900 |
| DAVID MENDOZA | SR. PROJE DIRECTOR | 40 | $146,720 |
| NOBBY CHENG | HOUSING DIRECTOR | 40 | $129,960 |
| TONY TANG | PROJ. DIRECTOR | 40 | $129,795 |
| ARMAND PANTALEON | DIRECTOR OF RE MGM | 40 | $126,146 |
| FRANK FUNG | Chairman Trustee or director, Officer | 2 | $0 |
| ROBERT LO | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| SONYA TRAC | BOARD MEMBER Trustee or director | 2 | $0 |
| BETTY LEM | Treasurer Trustee or director, Officer | 2 | $0 |
| AUBRI BRYAN | BOARD MEMBER Trustee or director | 2 | $0 |
| CHRISTINA CIU | Secretary Trustee or director, Officer | 2 | $0 |
| ANDREW CHAU | BOARD MEMBER Trustee or director | 2 | $0 |
| JONATHAN LEONG | BOARD MEMBER Trustee or director | 2 | $0 |
| ROGER ROYSE | BOARD MEMBER Trustee or director | 2 | $0 |
| ELJAY FEUERMAN | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1167 MISSION ST 4TH FLOOR, SAN FRANCISCO, CA 94103-1544
- Principal officer (990 for 2024)
- Lamar Heystek
- Signed the 990
- Lamar Heystek, President
- Phone
- (415) 928-5910
- Website
- WWW.ASIANINC.ORG
- Return prepared by
- CHEK TAN AND COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1753170 or by the name ASIAN 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
The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education. The most significant activities include technical assistance and research for strengthening the infrastructures of Asian American Communities in Northern California and to assist in their physical, economic, and social development.
Program accomplishments
- ECONOMIC DEVELOPMENT PROVIDES MANAGEMENT AND TECHNICAL ASSISTANCE PRIMARILY TO A VARIETY OF SMALL AND LARGER ASIAN AMERICAN AND OTHER MINORITY BUSINESSES AND IS FUNDED BY FEDERAL MBDA, DEPARTMENT OF COMMERCE.Expenses $1,895,970 · revenue $2,004,711
- HOUSING DEVELOPMENT PROGRAM DEVELOPS HOUSING PROJECTS FOR LOW-TO-MODERATE INCOME HOUSEHOLDS IN SAN FRANCISCO AND SAN JOSE.Expenses $1,494,407 · revenue $1,732,068
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
- 94-1753170
- 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
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $14,814,259
- Income (IRS master file)
- $5,723,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,561,637 | $4,381,533 | $14,814,259 | XML |
| 990 | December 2023 | $4,287,646 | $4,009,662 | $13,830,227 | XML |
| 990 | December 2022 | $4,447,185 | $4,072,368 | $13,642,103 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 94-1753170).
Questions about ASIAN INC
- What is the EIN of ASIAN INC?
- The employer identification number (EIN) of ASIAN INC is 94-1753170.
- Is ASIAN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to ASIAN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN 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 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 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 INC?
- The 990 for the year ended December 31, 2024 names Lamar Heystek.
- Who are the officers and directors of ASIAN INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 6 received compensation from the organization, the highest $169,400 (LAMAR HEYSTEK, President).
- How much revenue does ASIAN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,561,637, expenses of $4,381,533 and total assets of $14,814,259 at year end.
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