Asianetwork INC FY2021 filing

Tax-deductible

St Petersburg, FL501(c)(3)EducationEIN 56-1843606

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.
62¢ 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

FY2021 · 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
62%
of spending
Worth a look: 62% 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 · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.6 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
$275K
8% of total assets
Looks good: liabilities are 8% 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
$676K
-7% vs prior year
Spent
$322K
To programs
62%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$676K
FY2021▼ -7%
Revenue by fiscal year
FY2020$723K
FY2021$676K
FY2022$372K
FY2023$310K
FY2024$341K
FY2025$418K
Expenses
$322K
FY2021▲ +28%
Expenses by fiscal year
FY2020$253K
FY2021$322K
FY2022$369K
FY2023$827K
FY2024$555K
FY2025$489K
Net assets
$3.0M
FY2021▲ +22%
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 FY2021 Form 990 (year ending July 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

62 cents of each dollar spent went to programs.

Program services 62% · $200K Management & general 36% · $116K Fundraising 2% · $6K

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$40,000Pt VII · Sec A
Finance Offi
$10,000Pt VII · Sec A
$5,000Pt VII · Sec A
Director
$2,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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—
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.

Provided by the organization

This section is blank until Asianetwork INC claims this page.

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3 program services account for $195K of program spending, described in the organization's own filed words · FY2020.
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 instiitutions to hire one-year visiting scholars to enrich the asian studies course offerings on their campus.

$169Kprogram expense
02

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

$21Kprogram expense
03

Annual conference and meeting for institutional and affiliate members providing information and updates on asian study development (held virtually due to COVID-19 pandemic. See note to part iii, line 3, schedule o)

$5Kprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$676K
Ln 12
Gifts and grantsLn 1h$570K
Investment incomeLn 3$60K
Fees for servicesLn 2g$43K
Money outPt IX
$322K
Ln 25
Programscol B$200K
Managementcol C$116K
Fundraisingcol D$6K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$392K
Total assetsLn 16$3.3M
LiabilitiesLn 26$275K
PeoplePt VI, VII
14
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$570K
Government grantsLn 1e$524K
Fees for servicesLn 2g$43K
Investment incomeLn 3$60K
Other incomeLn 4–11$2K
Total revenueLn 12$676K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$302K
Cash and savings togetherLn 1–2$392K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$80
Total assetsLn 16$3.3M
LiabilitiesLn 26$275K
Net assetsLn 32$3.0M
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 FY21End FY21
Cash and savingsLn 1–2$267K$392K
InvestmentsLn 11–13$2.8M$2.9M
Land, buildings, equipmentLn 10c$247$80
Total assetsLn 16$3.0M$3.3M
LiabilitiesLn 26$571K$275K
Net assetsLn 32$2.5M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$133K$133K
Pay of current officers, directors and key staffLn 5$57K$57K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$83K$63K$15K$6K
Office expensesLn 13$8K$8K
Information technologyLn 14$2K$2K
TravelLn 17$350$350
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$167$167
InsuranceLn 23$5K$5K
Total functional expensesLn 25$322K$200K$116K$6K

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 Viewing $676K$322K$353K$3.0M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $675,575 across 8 lines filed
VIII-1b Membership dues$46,100
VIII-1e Government grants$523,522
VIII-1h Total contributions, gifts and grants$569,622
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,376$43,376
VIII-3 Investment incomeRelated to mission $60,358$60,358
VIII-5 RoyaltiesRelated to mission $69$69
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,150$2,150
VIII-12 Total revenueRelated to mission $105,953$675,575
Part IX · Statement of functional expenses $322,476 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $132,850$132,850
IX-5 Pay of current officers, directors and key staffManagement $57,000$57,000
IX-11c Accounting feesManagement $8,600$8,600
IX-11f Investment management feesManagement $20,248$20,248
IX-11g Other fees for servicesPrograms $62,522 · Management $14,565 · Fundraising $6,000$83,087
IX-13 Office expensesManagement $8,206$8,206
IX-14 Information technologyManagement $2,477$2,477
IX-17 TravelPrograms $350$350
IX-19 Conferences, conventions and meetingsPrograms $4,718$4,718
IX-22 Depreciation, depletion and amortizationManagement $167$167
IX-23 InsuranceManagement $4,773$4,773
IX-25 Total functional expensesPrograms $200,440 · Management $116,036 · Fundraising $6,000$322,476
Part X · Balance sheet $3,291,994 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $7,912$90,112
X-2 Savings and temporary cash investmentsStart of year $259,392$302,167
X-10c Land, buildings and equipment, netStart of year $247$80
X-12 Other securitiesStart of year $2,781,304$2,899,635
X-16 Total assetsStart of year $3,049,355$3,291,994
X-19 Deferred revenueStart of year $551,455$275,273
X-26 Total liabilitiesStart of year $571,055$275,273
X-27 Net assets without donor restrictionsStart of year $1,568,980$1,816,382
X-28 Net assets with donor restrictionsStart of year $909,320$1,200,339
X-32 Total net assets or fund balancesStart of year $2,478,300$3,016,721
X-33 Total liabilities and net assetsStart of year $3,049,355$3,291,994
Part XI · Reconciliation of net assets $3,016,721 net assets at year end
XI-1 Total revenue$675,575
XI-2 Total expenses$322,476
XI-3 Revenue less expenses$353,099
XI-4 Net assets at start of year$2,478,300
XI-5 Net unrealized gains (losses) on investments$185,322
XI-10 Net assets at end of year$3,016,721

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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