Asianetwork INC FY2020 filing

Tax-deductible

St Petersburg, FL501(c)(3)EducationEIN 56-1843606Revenue $723K in FY2020

On file with the IRSasianetwork.org4200 54th Ave S, 33711-4744 · St Petersburg, FLTax-exempt since Mar 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Educational asian studies development; to promote the study of asia on member campuses; send faculty and students to asia; annual conference; publish journal; Asianetwork exchange; send consultants to member campuses.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$571K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$723K
Spent
$253K
To programs
53%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$723K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$723K
FY2021$676K
FY2022$372K
FY2023$310K
FY2024$341K
FY2025$418K
Expenses
$253K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$322K
FY2022$369K
FY2023$827K
FY2024$555K
FY2025$489K
Net assets
$2.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$3.0M
FY2022$2.8M
FY2023$2.3M
FY2024$2.2M
FY2025$2.3M

From the FY2020 Form 990 (year ending July 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $135K Management & general 43% · $108K Fundraising 4% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$40,000Pt VII · Sec A
Financial Officer
$10,000Pt VII · Sec A
$5,000Pt VII · Sec A
Vice Chair
$2,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dan Choffnes’s $60K as Executive Director is at the 52nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dan Choffnes$60,000$23,500————
Gary Decoker——$30,000$45,000$40,000—
Gary De Coker—————$40,000
Daniel Choffnes——$23,500$1,000$5,000$2,000
Teodora Amoloza$10,000$10,000$10,000$10,000$10,000—
Teodora O Amoloza—————$10,000
Zheya Gai——$7,500———
Sophia Geng—$5,400$5,400$2,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Asianetwork INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes Asian studies on campuses, sending faculty and students to Asia, and publishing research.

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Provided by the organization

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3 programs · $135K · in their own filed words · FY2019
01

Travel for student and faculty research in Asia seminars for curriculum development designed to assist in strengthening and expanding Asian studies at liberal arts colleges and universities assist selected member institutions to hire one-year visiting scholars to enrich the ASIAN studies course offerings on their campuses.

$107Kprogram expense
02

Communication services between Asian study institutions provided through newsletters, website, educational publications, and funding of a speakers bureau.

$23Kprogram expense
03

Annual conference and meeting for institutional and affiliate members providing information and updates on Asian study development. Cancelled due to COVID-19 pandemic. See note to Part III, line 3 on Schedule O.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$150K
Grants paid · 43 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$69,290
Unitemized GrantFY2023$44,900
Trinity UniversityTX · FY2023$38,000
Southwestern UniversityTX · FY2023$38,000
Knox CollegeIL · FY2023$38,000
Webster UniversityMO · FY2023$29,500
Roanoke CollegeVA · FY2023$10,000
The University of FindlayOH · FY2023$10,000
Carleton CollegeMN · FY2023$10,000
Luther CollegeIA · FY2023$9,580
The College of New JerseyFY2023$5,700
Rhodes CollegeTN · FY2023$5,700
Bucknell UniversityPA · FY2022$44,030
Roanoke CollegeVA · FY2022$40,000
St Lawrence UniversityNY · FY2022$40,000
See all 43 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$723K
Ln 12
Gifts and grantsLn 1h$653K
Investment incomeLn 3$61K
Fees for servicesLn 2g$10K
Money outPt IX
$253K
Ln 25
Programscol B$135K
Managementcol C$108K
Fundraisingcol D$10K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$267K
Total assetsLn 16$3.0M
LiabilitiesLn 26$571K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$653K
Fees for servicesLn 2g$10K
Investment incomeLn 3$61K
Other incomeLn 4–11$124
Total revenueLn 12$723K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$259K
Cash and savings togetherLn 1–2$267K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$247
Total assetsLn 16$3.0M
LiabilitiesLn 26$571K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$331K$267K
InvestmentsLn 11–13$2.0M$2.8M
Land, buildings, equipmentLn 10c$442$247
Total assetsLn 16$2.3M$3.0M
LiabilitiesLn 26$367K$571K
Net assetsLn 32$2.0M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$48K$48K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$57K$57K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$76K$63K$7K$6K
Advertising and promotionLn 12$0
Office expensesLn 13$4K$4K
Information technologyLn 14$7K$3K$4K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$21K$17K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$14K$5K$10K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$195$195
InsuranceLn 23$5K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$253K$135K$108K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $418K$489K−$71K$2.3M 990 PDF
FY2024 $341K$555K−$213K$2.2M 990 PDF
FY2023 $310K$827K−$517K$2.3M 990 PDF
FY2022 $372K$369K$4K$2.8M 990 PDF
FY2021 $676K$322K$353K$3.0M 990 PDF
FY2020 Viewing $723K$253K$471K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $723,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $570,554$652,555
I-9 Program service revenuePrior year $91,134$9,913
I-10 Investment incomePrior year $76,683$60,818
I-11 Other revenuePrior year $129$124
I-12 Total revenuePrior year $738,500$723,410
I-13 Grants and similar amounts paidPrior year $332,147$47,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $57,000$57,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $343,926$148,162
I-18 Total expensesPrior year $733,073$252,662
I-19 Revenue less expensesPrior year $5,427$470,748
Part VI · Governance 9 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $723,410 across 7 lines filed
VIII-1b Membership dues$49,500
VIII-1f All other contributions, gifts and grants$603,055
VIII-1h Total contributions, gifts and grants$652,555
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$9,913
VIII-3 Investment incomeRelated to mission $60,818$60,818
VIII-5 RoyaltiesRelated to mission $124$124
VIII-12 Total revenueRelated to mission $60,942$723,410
Part IX · Statement of functional expenses $252,662 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $47,500$47,500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $57,000$57,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,500$8,500
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $13,629$13,629
IX-11g Other fees for servicesPrograms $62,638 · Management $7,000 · Fundraising $6,000$75,638
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $3,774$3,774
IX-14 Information technologyPrograms $2,889 · Management $3,700$6,589
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $16,923 · Fundraising $3,902$20,825
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $4,594 · Management $9,645$14,239
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $195$195
IX-23 InsuranceManagement $4,773$4,773
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $134,544 · Management $108,216 · Fundraising $9,902$252,662
Part X · Balance sheet $3,049,355 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $87,474$7,912
X-2 Savings and temporary cash investmentsStart of year $243,632$259,392
X-9 Prepaid expenses and deferred charges$500
X-10c Land, buildings and equipment, netStart of year $442$247
X-12 Other securitiesStart of year $2,005,532$2,781,304
X-16 Total assetsStart of year $2,337,080$3,049,355
X-17 Accounts payable and accrued expenses$19,600
X-19 Deferred revenueStart of year $366,700$551,455
X-26 Total liabilitiesStart of year $366,700$571,055
X-32 Total net assets or fund balancesStart of year $1,970,380$2,478,300
X-33 Total liabilities and net assetsStart of year $2,337,080$3,049,355
Part XI · Reconciliation of net assets $2,478,300 net assets at year end
XI-1 Total revenue$723,410
XI-2 Total expenses$252,662
XI-3 Revenue less expenses$470,748
XI-4 Net assets at start of year$1,970,380
XI-5 Net unrealized gains (losses) on investments$37,172
XI-10 Net assets at end of year$2,478,300

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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