The Asian American Foundation
84% goes to programs $1 to raise $100 Strong reserves Declining revenue
The Asian American Foundation is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2021, with $18,869,269 in FY2024 revenue. CharityIndex grades it C+, and it directs about 84% of spending to programs.
Po Box 21749, Washington, DC, 20009 EIN 85-2050585 Since 2021
Revenue (FY2024)
$18.9M
▲ 13.7% vs prior year
Civil Rights median: $332K
Expenses (FY2024)
$26.1M
Net assets
$72.4M
Employees
10
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating84% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Asian American Foundation: 84% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
DFinancial health25% of the rating33 mo reserves · -38% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Asian American Foundation: 33 mo reserves · -38% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Asian American Foundation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Asian American Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The asian american foundation (taaf) serves the aapi community in their pursuit of belonging and prosperity that is free from discrimination, slander and violence, in furtherance of its charitable mission taaf conducts.
What they do
Narrative changetaaf's narrative change efforts elevate stories and storytellers that combat stereotypes and contribute to aanhpi'sbeing seen in their full humanity. taaf invests in debut filmmakers and underrepresented aapi voices, mentorship andtraining to advance the careers of aapi creatives, and research supporting aapi leaders in media, entertainment andjournalism.
Contact & location
- Address
- Po Box 21749, Washington, DC, 20009
- City
- Washington
- State
- District of Columbia
- Subcategory
- Civil Rights
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $100.7M (FY2021) to $18.9M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.5MNet assets $72.4M
Operating margin
-38.2%
Spent more than it raised in the latest fiscal year.
Total assets
$77.9M
Total liabilities
$5.5M
Net assets
$72.4M
Salaries & benefits
$6.8M
26% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $18,869,269▲13.7% | $26,082,793▲13.8% | $72,413,718▼8.7% | $77,888,045▼3.3% | 990 |
| 2023 | $16,595,322▼1.0% | $22,909,834▲62.3% | $79,340,775▼7.4% | $80,525,812▼9.5% | 990 |
| 2022 | $16,757,627▼83.4% | $14,111,697▼31.0% | $85,655,287▲3.2% | $88,971,313▼0.1% | 990 |
| 2021 | $100,728,075 | $20,454,010 | $83,009,357 | $89,049,217 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Prisca Bae — $340,496 (1.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Prisca Bae | Chief Partnerships Officer | 40 | $340,496 |
| Georgette Bhathena | Chief Program Officer | 40 | $313,156 |
| Isabel Kim | Chief Financial Officer | 40 | $304,606 |
| Rohit Paul | Chief People and Culture Officer | 40 | $278,139 |
| Joy Moh | Head of Communications and Marketing | 40 | $242,232 |
| Norman Chen | Ceo and Director | 40 | $89,903 |
| Geraldine Acuna-sunshine | Director | 10 | — |
| Jerry Yang | Director/treasurer | 10 | — |
| Joe Tsai | Director | 10 | — |
| Joseph Bae | Co-chairman | 10 | — |
| Li Lu | Director | 10 | — |
| Peng Zhao | Co-chairman | 10 | — |
| Rushika Fernandopulle | Director | 10 | — |
| Shamina Singh | Director | 10 | — |
| Sheila Marcelo | Director | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Dataface LLC | General Consulting | $271,500 |
| Enfranchisement Productions LLC | Production Consultant | $250,000 |
| Sunshine Sachs Morgan Lylis | Production Consultant | $232,500 |
| Studio Productions Nyc LLC | Marketing Consultant | $202,630 |
| Maria Choi DBA Raise For Good LLC | Fundraising Consulting | $200,000 |
Grants received · $40.7M total
49 grants to The Asian American Foundation totaling $40.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $695,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $250,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $175,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $175,000 |
| American Online Giving Foundation Inc | General support | 2024 | $161,347 |
| Silicon Valley Community Foundation | Civic participation | 2024 | $110,000 |
| Daffy Charitable Fund | General support of mission | 2024 | $50,000 |
| Rockefeller Philanthropy Advisors Inc | Arts, culture & humanities | 2024 | $50,000 |
| Greater Kansas City Community Foundation | Public, societal benefit | 2024 | $20,500 |
| American Endowment Foundation | Civil rights | 2024 | $15,500 |
| National Philanthropic Tr | Human services | 2023 | $3,137,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $2,599,550 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $2,105,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $2,025,250 |
| American Endowment Foundation | Human service | 2023 | $1,085,000 |
Grants made · $9.1M in FY2024
68 grants totaling $9.1M in FY2024 — showing the 15 largest. All grants made by The Asian American Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Asian Health Services | Anti - hate initiative | $500,000 |
| Community Youth Center of San Francisco | Anti - hate initiative | $400,000 |
| Chinese American Service League Inc | Anti - hate initiative | $400,000 |
| Sikh Coalition Inc | Anti - hate initiative | $360,000 |
| New York University | Education initiative | $300,000 |
| Asian American Futures | Education initiative | $300,000 |
| Center For Asian American Media | Narrative change initiative | $250,000 |
| Asian American Resource Workshop Inc | Anti - hate initiative | $250,000 |
| Rideback Rise Inc | Narrative change initiative | $250,000 |
| Chinese Information and Service | Education initiative | $250,000 |
| Asian American Journalists Association | Narrative change initiative | $250,000 |
| Sundance Institute | Narrative change initiative | $207,000 |
| Chinatown Service Center | Anti - hate initiative | $200,000 |
| Southeast Asia Resource Action Center | Anti - hate initiative | $200,000 |
| Asian American Education Project | Anti - hate initiative | $150,000 |
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Frequently asked questions
- Is The Asian American Foundation a legitimate nonprofit?
- Yes. The Asian American Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-2050585, based in Washington, District of Columbia. Donations are tax-deductible.
- What is The Asian American Foundation's EIN?
- The Asian American Foundation's Employer Identification Number (EIN) is 85-2050585.
- How much revenue does The Asian American Foundation report?
- The Asian American Foundation reported $18,869,269 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Asian American Foundation's spending goes to programs?
- The Asian American Foundation spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Asian American Foundation have?
- CharityIndex grades The Asian American Foundation C+, based on program efficiency and fundraising cost.
- How much does The Asian American Foundation's highest-paid employee make?
- The highest reported compensation on The Asian American Foundation's latest Form 990 is $340,496, paid to Prisca Bae (Chief Partnerships Officer).
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Data for The Asian American Foundation (EIN 85-2050585) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.