Asianetwork INC FY2024 filing

Tax-deductible

St Petersburg, FL501(c)(3)EducationEIN 56-1843606Revenue $341K in FY2024

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.
72¢ of each $1 spent went to programs.
$53K 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

FY2024 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$53K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 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
$348K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$341K
+10% vs prior year
Spent
$555K
To programs
72%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$341K
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$723K
FY2021$676K
FY2022$372K
FY2023$310K
FY2024$341K
FY2025$418K
Expenses
$555K
FY2024▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$322K
FY2022$369K
FY2023$827K
FY2024$555K
FY2025$489K
Net assets
$2.2M
FY2024▼ -4%
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 FY2024 Form 990 (year ending July 2024) · 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

72 cents of each dollar spent went to programs.

Program services 72% · $401K Management & general 26% · $146K Fundraising 1% · $8K

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

15 people listed on the 990; $53K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$23,500Pt VII · Sec A
Finance Officer
$10,000Pt VII · Sec A
Past Chair
$5,400Pt VII · Sec A
Development Officer
$5,000Pt VII · Sec A
IT Officer
$4,000Pt VII · Sec A
Development Officer
$3,000Pt VII · Sec A
$2,000Pt 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.

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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 · $247K · in their own filed words · FY2023
01

Post-doctoral teaching fellow program this program provides funds to member institutions to hire a post-doctoral teaching fellow in asian studies who will spend one or two years teaching and participating in the academic life of the college. Funds are awarded on a competitive basis.

$121Kprogram expense
02

Student-faculty fellows this program supports student research in asia under the close supervision of a faculty mentor. The program began during the year ended july 31, 1997 and is funded by the freeman foundation.

$63Kprogram expense
03

Embodied learning about asia program this is an international program that takes advantage of proven pedagogy and practice to learn beyond the classroom through hands-on experience with american and asian mentors, masters, and practitioners, both in asia and on asianetwork college campuses.

$62Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$341K
Ln 12
Gifts and grantsLn 1h$213K
Investment incomeLn 3$67K
Fees for servicesLn 2g$59K
Money outPt IX
$555K
Ln 25
Programscol B$401K
Managementcol C$146K
Fundraisingcol D$8K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$258K
Total assetsLn 16$2.6M
LiabilitiesLn 26$348K
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Fees for servicesLn 2g$59K
Investment incomeLn 3$67K
Other incomeLn 4–11$2K
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$150K
SavingsLn 2$108K
Cash and savings togetherLn 1–2$258K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$318
Total assetsLn 16$2.6M
LiabilitiesLn 26$348K
Net assetsLn 32$2.2M
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 FY24End FY24
Cash and savingsLn 1–2$532K$258K
InvestmentsLn 11–13$1.8M$2.3M
Land, buildings, equipmentLn 10c$954$318
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$13K$348K
Net assetsLn 32$2.3M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$271K$271K
Grants to domestic individualsLn 2$45K$45K
Pay of current officers, directors and key staffLn 5$77K$77K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$15K$9K$7K
Office expensesLn 13$6K$771$5K
Information technologyLn 14$3K$3K
TravelLn 17$36K$35K$74$1K
Conferences, conventions and meetingsLn 19$65K$50K$15K
Depreciation, depletion and amortizationLn 22$636$636
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$4K$368$3K
Total functional expensesLn 25$555K$401K$146K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $418K$489K−$71K$2.3M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $341,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $211,100$213,233
I-9 Program service revenuePrior year $36,510$59,400
I-10 Investment incomePrior year $58,154$66,894
I-11 Other revenuePrior year $4,140$1,878
I-12 Total revenuePrior year $309,904$341,405
I-13 Grants and similar amounts paidPrior year $542,522$315,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $109,900$77,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $174,153$162,060
I-18 Total expensesPrior year $826,575$554,560
I-19 Revenue less expensesPrior year −$516,671−$213,155
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $341,405 across 7 lines filed
VIII-1b Membership dues$41,800
VIII-1f All other contributions, gifts and grants$171,433
VIII-1h Total contributions, gifts and grants$213,233
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,400$59,400
VIII-3 Investment incomeExcluded from tax $66,894$66,894
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,878$1,878
VIII-12 Total revenueRelated to mission $61,278 · Unrelated business $0 · Excluded from tax $66,894$341,405
Part IX · Statement of functional expenses $554,560 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $270,600$270,600
IX-2 Grants to domestic individualsPrograms $44,900$44,900
IX-5 Pay of current officers, directors and key staffManagement $77,000$77,000
IX-11c Accounting feesManagement $12,622$12,622
IX-11f Investment management feesManagement $15,933$15,933
IX-11g Other fees for servicesManagement $8,736 · Fundraising $6,702$15,438
IX-13 Office expensesPrograms $771 · Management $5,196$5,967
IX-14 Information technologyManagement $2,949$2,949
IX-17 TravelPrograms $34,566 · Management $74 · Fundraising $1,190$35,830
IX-19 Conferences, conventions and meetingsPrograms $49,746 · Management $14,945$64,691
IX-22 Depreciation, depletion and amortizationManagement $636$636
IX-23 InsuranceManagement $4,492$4,492
IX-24 Other expenses (24a–d)Programs $368 · Management $3,134$3,502
IX-25 Total functional expensesPrograms $400,951 · Management $145,717 · Fundraising $7,892$554,560
Part X · Balance sheet $2,589,252 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $317,429$150,462
X-2 Savings and temporary cash investmentsStart of year $214,769$107,776
X-4 Accounts receivable$1,776
X-10c Land, buildings and equipment, netStart of year $954$318
X-11 Publicly traded securitiesStart of year $1,821,583$2,328,920
X-16 Total assetsStart of year $2,354,735$2,589,252
X-19 Deferred revenueStart of year $13,350$348,150
X-26 Total liabilitiesStart of year $13,440$348,150
X-27 Net assets without donor restrictionsStart of year $1,694,088$1,856,769
X-28 Net assets with donor restrictionsStart of year $647,207$384,333
X-32 Total net assets or fund balancesStart of year $2,341,295$2,241,102
X-33 Total liabilities and net assetsStart of year $2,354,735$2,589,252
Part XI · Reconciliation of net assets $2,241,102 net assets at year end
XI-1 Total revenue$341,405
XI-2 Total expenses$554,560
XI-3 Revenue less expenses−$213,155
XI-4 Net assets at start of year$2,341,295
XI-5 Net unrealized gains (losses) on investments$112,962
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,241,102

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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