Asianweek Foundation EIN 20-1719535

Asianweek Foundation

EIN  20-1719535 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Fosters understanding and appreciation of diversity across cultures, strengthening relationships within and between Asian Pacific Islander communities.
Leadership
Money in and out
$857K revenue, $944K expenses
Bottom line
91% program efficiency

Fosters understanding and appreciation of diversity across cultures, strengthening relationships within and between Asian Pacific Islander communities. For fiscal year 2024 it reported $857K in revenue, $944K in expenses, and $89K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$857K
Pt VIII · Ln 12
Total expenses
$944K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$87K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.06 Fundraising $0.02
Program efficiency
91%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▼ -67% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$857K
FY2024▲ +146%
Expenses
$944K
FY2024▲ +91%
Total assets
$112K
FY2024▼ -37%
Total liabilities
$22K
FY2024▲ ×33
Total revenue
$857K
Pt VIII · Ln 12
Total expenses
$944K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$87K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $863K of program spending, described in the organization's own filed words · FY2024.
01

Supporting Healthy Communities in San Francisco

This program aims to promote health and wellness in underserved communities by addressing public health disparities and encouraging healthier lifestyles in san francisco.

$373Kprogram expense
02

Florence Fang Community Farm

The largest community farm in san francisco, providing fresh food, healthy activities, and community building to asians and black residents living in san francisco's most underserved neighborhood.

$363Kprogram expense
03

Gardening Youth Stem Program

Teaching youth (4TH - 6TH graders) about food sovereignty principles, growing your own food, and offering real-life experience for youth to practice their stem learning.

$128Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAsianweek Foundation
EINHdr · item D20-1719535
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.asianweekfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P84)
Ruling yearIRS BMFJan 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
CFO & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$745K · 87%
Program service revenue$112K · 13%
Contributions & grants87%$745K
Program service revenue13%$112K
— government grantsLn 1e$590K
Total revenueLn 12$857K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.06 Fundraising $0.02
Program services91%$863K
Management & general6%$61K
Fundraising2%$20K
Total functional expensesLn 25$944K

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$112K
Total liabilitiesLn 26$22K
Total net assetsLn 32$89K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $111K · Operating expenses/yr $944K
1.4 months
Where the money goes
Program services
Program services $863K · Total expenses $944K
91%
Management & General
Management & general $61K · Total expenses $944K
6%
Fundraising
Fundraising $20K · Total expenses $944K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $196K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $745K · Total revenue $857K
87%
Government reliance
Government grants $590K · Total revenue $857K
69%
Earned-income share
Program service revenue $112K · Total revenue $857K
13%
Investment reliance
Investment income $0 · Total revenue $857K
0%
Program self-sufficiency
Program service revenue $112K · Total expenses $944K
12%
Growth & trend
Revenue growth (YoY)
This year $857K · Prior year $349K
+146%
Revenue CAGR
FY2020 $132K · FY2024 $857K
+60%
Net-asset trend (YoY)
End of year $89K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $857K · Expenses $944K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
Net-asset ratio
Net assets $89K · Total assets $112K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $112K
0%
People & payroll
Highest Reported Total Compensation
Individual Myles Swoopes · Reported title CEO · Highest reported compensation $0 · Total expenses $944K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $321K · Total expenses $944K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 6%
Fundraising cost ratio 3%
Revenue growth 146%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 3 grants · $147K · 2022–2024
Foundation for Filipino ArtsFY2024$48,000
Foundation for Filipino ArtsFY2023$27,500
Foundation for Filipino Arts and EventsFY2022$71,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$857K revenue · viewing · ⤓ 990 PDF
FY2023$349K revenue · ⤓ 990 PDF
FY2022$545K revenue · ⤓ 990 PDF
FY2021$176K revenue · ⤓ 990 PDF
FY2020$132K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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