Asia America Initiative EIN 20-1879258

Asia America Initiative

EIN  20-1879258 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Builds hope and empowers communities affected by conflict and poverty through replicable local programs.
Leadership
Dr Yolanda Stern · Member Bd of Director
Money in and out
$870K revenue, $737K expenses
Bottom line
85% program efficiency

Builds hope and empowers communities affected by conflict and poverty through replicable local programs. For fiscal year 2024 it reported $870K in revenue, $737K in expenses, and $322K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$870K
Pt VIII · Ln 12
Total expenses
$737K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $133K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.05 Fundraising $0.10
Program efficiency
85%
of spending reaches programs0% vs prior filing year
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▲ +52% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +124% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$870K
FY2024▲ +114%
Expenses
$737K
FY2024▲ +10%
Total assets
$331K
FY2024▲ +67%
Total liabilities
$9K
FY20240%
Total revenue
$870K
Pt VIII · Ln 12
Total expenses
$737K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$133K
Total assetsPt X · Ln 16$331K
Program-expense ratioPt IX · col B85%
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 $304K of program spending, described in the organization's own filed words · FY2024.
01

In 2024 aai met with the board of directors of diana davis spencer foundationddsf a grant making foundation that is dedicated to promoting american values at home and abroad. Iaai has been a recurring recipient of DDSF grants.

$195Kprogram expense
02

Fort myer commissary part of the feds feed families campaign at the us military bases. Soldiers donate bags of groceries that go to local food banks. Aai is a vetted recipient and in 2024 received foods that was donated to a local non profit code 3 through july 2024 and now to IRONSTARFOUNDATION.ORG since aug 2024 who in turn distributed…

$68Kprogram expense
03

In jan 2024 met with global givinggg a nonprofit organization that supports other nonprofit organizations through its crowdfunding platforms. GG promotes community led development by providing educational tools and a best practices forum for better communcation which is in line with aai values.

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAsia America Initiative
EINHdr · item D20-1879258
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jasiaamerica.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q43)
Ruling yearIRS BMFMay 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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Member Bd of Director
$0Pt VII · Sec A
Member Bd of Directors
$0Pt VII · Sec A
Member Bd of Directors
$0Pt VII · Sec A
Member Bd of Directors
$0Pt VII · Sec A
Pres/Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$859K · 99%
Investment income$11K · 1%
Contributions & grants99%$859K
Investment income1%$11K
Total revenueLn 12$870K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.05 Fundraising $0.10
Program services85%$624K
Management & general5%$37K
Fundraising10%$76K
Total functional expensesLn 25$737K

Balance Sheet

Part X · end of year
CashLn 1$331K
Total assetsLn 16$331K
Total liabilitiesLn 26$9K
Total net assetsLn 32$322K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $331K · Operating expenses (Pt IX) $737K · Less non-cash grants $388K · Cash operating expenses/yr $349K
11.4 months
Where the money goes
Program services
Program services $624K · Total expenses $737K
85%
Management & General
Management & general $37K · Total expenses $737K
5%
Fundraising
Fundraising $76K · Total expenses $737K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $89K · Solicited contributions (3-yr avg) $934K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $859K · Total revenue $870K
99%
Government reliance
Government grants — · Total revenue $870K
Earned-income share
Program service revenue $0 · Total revenue $870K
0%
Investment reliance
Investment income $11K · Total revenue $870K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $737K
0%
Growth & trend
Revenue growth (YoY)
This year $870K · Prior year $407K
+114%
Net-asset trend (YoY)
End of year $322K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $870K · Expenses $737K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $331K
Net-asset ratio
Net assets $322K · Total assets $331K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $331K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Yolanda Stern · Reported title MEMBER BD OF DIRECTOR · Highest reported compensation $0 · Total expenses $737K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $737K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 5%
Fundraising cost ratio 9%
Revenue growth 114%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 8%

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 2 funders$470K
Grants paid · 2 grants · $8K · 2022–2023
Outreach Program DcVA · FY2023$7,600
Code 3 AssociationVA · FY2022$420

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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)$870K revenue · viewing · ⤓ 990 PDF
FY2023$407K revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$2.0M 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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