Asianetwork INC FY2023 filing

Tax-deductible

St Petersburg, FL501(c)(3)EducationEIN 56-1843606Revenue $310K in FY2023

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.
81¢ of each $1 spent went to programs.
$110K 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

FY2023 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 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
$13K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
-17% vs prior year
Spent
$827K
To programs
81%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$310K
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$723K
FY2021$676K
FY2022$372K
FY2023$310K
FY2024$341K
FY2025$418K
Expenses
$827K
FY2023▲ +124%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$322K
FY2022$369K
FY2023$827K
FY2024$555K
FY2025$489K
Net assets
$2.3M
FY2023▼ -17%
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 FY2023 Form 990 (year ending July 2023) · see the original

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You’re viewing the FY2023 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

81 cents of each dollar spent went to programs.

Program services 81% · $665K Management & general 18% · $149K Fundraising 2% · $13K

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

25 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Co-Exec Dire
$30,000Pt VII · Sec A
Co-Exec Dire
$23,500Pt VII · Sec A
Finance Offi
$10,000Pt VII · Sec A
Program Dire
$7,500Pt VII · Sec A
Board Chair
$5,400Pt VII · Sec A
Program Dire
$5,000Pt VII · Sec A
Development
$5,000Pt VII · Sec A
Tech Manager
$4,000Pt 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.

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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 · $665K · in their own filed words · FY2022
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 campus.

$622Kprogram expense
02

Annual conference and meeting for institutional and affiliate members providing information and updates on asian study development.

$25Kprogram expense
03

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

$19Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$310K
Ln 12
Gifts and grantsLn 1h$211K
Investment incomeLn 3$58K
Fees for servicesLn 2g$37K
Money outPt IX
$827K
Ln 25
Programscol B$665K
Managementcol C$149K
Fundraisingcol D$13K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$532K
Total assetsLn 16$2.4M
LiabilitiesLn 26$13K
PeoplePt VI, VII
25
listed · VII A
PaidVII A16
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$211K
Government grantsLn 1e$167K
Fees for servicesLn 2g$37K
Investment incomeLn 3$58K
Other incomeLn 4–11$4K
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$317K
SavingsLn 2$215K
Cash and savings togetherLn 1–2$532K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$954
Total assetsLn 16$2.4M
LiabilitiesLn 26$13K
Net assetsLn 32$2.3M
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 FY23End FY23
Cash and savingsLn 1–2$668K$532K
InvestmentsLn 11–13$2.3M$1.8M
Land, buildings, equipmentLn 10c$2K$954
Total assetsLn 16$3.0M$2.4M
LiabilitiesLn 26$182K$13K
Net assetsLn 32$2.8M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$533K$533K
Grants to domestic individualsLn 2$10K$10K
Pay of current officers, directors and key staffLn 5$110K$29K$74K$6K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$23K$12K$10K$1K
Office expensesLn 13$25K$23K$2K
Information technologyLn 14$1K$1K
TravelLn 17$14K$6K$3K$5K
Conferences, conventions and meetingsLn 19$70K$36K$33K
Depreciation, depletion and amortizationLn 22$636$636
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$16K$16K$385
Total functional expensesLn 25$827K$665K$149K$13K

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 Viewing $310K$827K−$517K$2.3M 990 PDF
FY2022 $372K$369K$4K$2.8M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $309,904 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $285,478$211,100
I-9 Program service revenuePrior year $21,210$36,510
I-10 Investment incomePrior year $65,007$58,154
I-11 Other revenuePrior year $753$4,140
I-12 Total revenuePrior year $372,448$309,904
I-13 Grants and similar amounts paidPrior year $163,010$542,522
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $95,500$109,900
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,173$174,153
I-18 Total expensesPrior year $368,683$826,575
I-19 Revenue less expensesPrior year $3,765−$516,671
Part VI · Governance 9 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
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 $309,904 across 9 lines filed
VIII-1b Membership dues$44,300
VIII-1e Government grants$166,666
VIII-1f All other contributions, gifts and grants$134
VIII-1h Total contributions, gifts and grants$211,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,510$36,510
VIII-3 Investment incomeRelated to mission $58,154$58,154
VIII-5 RoyaltiesRelated to mission $95$95
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,045$4,045
VIII-12 Total revenueRelated to mission $98,804$309,904
Part IX · Statement of functional expenses $826,575 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $532,522$532,522
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-5 Pay of current officers, directors and key staffPrograms $29,400 · Management $74,500 · Fundraising $6,000$109,900
IX-11c Accounting feesManagement $10,700$10,700
IX-11f Investment management feesManagement $9,264$9,264
IX-11g Other fees for servicesPrograms $12,056 · Management $9,521 · Fundraising $1,307$22,884
IX-13 Office expensesPrograms $22,739 · Management $2,067$24,806
IX-14 Information technologyManagement $1,304$1,304
IX-17 TravelPrograms $6,240 · Management $2,738 · Fundraising $5,230$14,208
IX-19 Conferences, conventions and meetingsPrograms $36,493 · Management $33,160$69,653
IX-22 Depreciation, depletion and amortizationManagement $636$636
IX-23 InsuranceManagement $4,330$4,330
IX-24 Other expenses (24a–d)Programs $15,983 · Management $385$16,368
IX-25 Total functional expensesPrograms $665,433 · Management $148,605 · Fundraising $12,537$826,575
Part X · Balance sheet $2,354,735 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $279,567$317,429
X-2 Savings and temporary cash investmentsStart of year $387,968$214,769
X-10c Land, buildings and equipment, netStart of year $1,590$954
X-12 Other securitiesStart of year $2,322,739$1,821,583
X-16 Total assetsStart of year $2,991,864$2,354,735
X-17 Accounts payable and accrued expensesStart of year $181$90
X-19 Deferred revenueStart of year $182,066$13,350
X-26 Total liabilitiesStart of year $182,247$13,440
X-27 Net assets without donor restrictionsStart of year $1,663,000$1,694,088
X-28 Net assets with donor restrictionsStart of year $1,146,617$647,207
X-32 Total net assets or fund balancesStart of year $2,809,617$2,341,295
X-33 Total liabilities and net assetsStart of year $2,991,864$2,354,735
Part XI · Reconciliation of net assets $2,341,295 net assets at year end
XI-1 Total revenue$309,904
XI-2 Total expenses$826,575
XI-3 Revenue less expenses−$516,671
XI-4 Net assets at start of year$2,809,617
XI-5 Net unrealized gains (losses) on investments$48,349
XI-10 Net assets at end of year$2,341,295

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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