Asianweek Foundation EIN 20-1719535

Asianweek Foundation FY2022 filing

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Fosters understanding and appreciation of diversity across cultures, strengthening relationships within and between Asian Pacific Islander communities. For fiscal year 2022 it reported $545K in revenue, $351K in expenses, and $300K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
San Francisco, CA
Website
www.asianweekfoundation.org
Filings
5 on file (2020–2022)
Revenue
$545KFY2022
Expenses
$351K
Net assets
$300K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1719535 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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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
Teddy Fang · Chairman/Exec. Director
Money in and out
$545K revenue, $351K expenses
Bottom line
90% program efficiency
Where the money goes · FY2022
Total revenue
$545K
Pt VIII · Ln 12
Total expenses
$351K
Pt IX · Ln 25
Net assets
$300K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $194K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$545K
FY2022▲ +210%
Expenses
$351K
FY2022▲ +153%
Total assets
$326K
FY2022▲ +155%
Total liabilities
$26K
FY2022▲ ×10
Total revenue
$545K
Pt VIII · Ln 12
Total expenses
$351K
Pt IX · Ln 25
Net assets
$300K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$194K
Total assetsPt X · Ln 16$326K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $315K of program spending, described in the organization's own filed words · FY2022.
01

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.

$144Kprogram expense
02

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.

$104Kprogram expense
03

Asianweek Database Project

Digitizing 30 issues of asianweek newspaper, the first and largest newspaper covering the news of the asian american community. The database makes all the stories and pictures available to the public, promoting and disseminating asian american history post 1965.

$66Kprogram 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 1a5
Independent voting membersPt VI · Ln 1b5
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
Chairman/Exec. Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Asianweek Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$410K · 75%
Program service revenue$134K · 25%
Contributions & grants75%$410K
Program service revenue25%$134K
— government grantsLn 1e$95K
Total revenueLn 12$545K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$315K
Management & general7%$24K
Fundraising3%$12K
Total functional expensesLn 25$351K

Balance Sheet

Part X · end of year
CashLn 1$326K
Total assetsLn 16$326K
Total liabilitiesLn 26$26K
Total net assetsLn 32$300K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $326K · Operating expenses/yr $351K
11.1 months
Where the money goes
Program services
Program services $315K · Total expenses $351K
90%
Management & General
Management & general $24K · Total expenses $351K
7%
Fundraising
Fundraising $12K · Total expenses $351K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $180K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $410K · Total revenue $545K
75%
Government reliance
Government grants $95K · Total revenue $545K
17%
Earned-income share
Program service revenue $134K · Total revenue $545K
25%
Investment reliance
Investment income $0 · Total revenue $545K
0%
Program self-sufficiency
Program service revenue $134K · Total expenses $351K
38%
Growth & trend
Revenue growth (YoY)
This year $545K · Prior year $176K
+210%
Net-asset trend (YoY)
End of year $300K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $545K · Expenses $351K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $326K
Net-asset ratio
Net assets $300K · Total assets $326K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $326K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Teddy Fang · Reported title CHAIRMAN/EXEC. DIRECTOR · Highest reported compensation $0 · Total expenses $351K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $351K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 3%
Revenue growth 210%

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 · ⤓ 990 PDF
FY2023$349K revenue · ⤓ 990 PDF
FY2022$545K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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