Overview
What is Asian Cultural Council Inc?
Asian Cultural Council Inc is a significant nonprofit foundation situated in New York City, specifically at ONE ROCKEFELLER PLAZA 2500. Their primary goal is to foster international cultural exchange among artists, humanities scholars, and arts professionals, primarily from Asia and the United States. This is achieved through various initiatives such as fellowships, grants, achievement awards, public programs, alumni engagement, and numerous cultural exchange projects. Their grant program prioritizes process-driven activities that cultivate relationships, collaboration, and knowledge exchange among peers. In 2022, they awarded 44 grants supporting individuals from both regions. The fellowship program facilitated the exchange of 7 Americans/American organizations traveling to Asia, 29 individuals from Asia to the United States, and 8 intra-Asia exchanges. Asian Cultural Council Inc provides tailored program services to each recipient, offering logistical and programmatic support ranging from personal introductions to relevant contacts, J-1 visa sponsorship, and access to a global network of alumni and partners. Additionally, they recognize individuals who have significantly contributed to the international understanding and appreciation of Asian art and culture with the John D. Rockefeller 3rd Award. In essence, Asian Cultural Council Inc works to deepen international dialogue and respect through cultural exchange activities in Asia and the United States, aiming to create a more harmonious and peaceful world.
Official website here: www.asianculturalcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating)
The Asian Cultural Council Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. With a particularly high score of 91 in this category, the organization demonstrates effective governance practices, including an independent board and robust financial oversight. Its commitment to transparency is evident through its clear policies regarding conflict of interest, whistleblowing, and document retention.
The nonprofit showcases several strengths, such as having a fully independent board and no material diversion of assets, which contributes to its high scores in various financial measures. The organization is efficient in its fundraising efforts, boasting a low fundraising efficiency ratio, indicating that it can raise funds with minimal expense. Additionally, the Asian Cultural Council maintains a healthy working capital ratio, ensuring long-term sustainability.
However, the program expense ratio is relatively lower at 55.98%, suggesting that there may be room for improvement in allocating resources directly to its programs. Despite this, the overall financial health and governance practices highlight the organization's effectiveness in fulfilling its mission within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Asian Cultural Council Inc legitimate?
Asian Cultural Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Cultural Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $479,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $629,045
For more financial information, click here
Official website here: www.asianculturalcouncil.org
What is the mission statement of Asian Cultural Council Inc?
The Asian Cultural Council Inc, often referred to as the ACC, has a mission to foster international dialogue, understanding, and respect through cultural exchange activities in both Asia and the United States. This mission is achieved through fellowships and programs that support artists, scholars, and arts professionals, enabling them to exchange ideas and knowledge across borders. The ACC's grant model prioritizes process-driven activities that facilitate relationship-building, collaboration, and knowledge exchange among peers. In 2022, the ACC awarded 44 grants to artists and scholars from Asia and the United States, and provided tailored program services to each recipient. In addition to grants and fellowships, the ACC recognizes individuals who have made significant contributions to the international understanding and appreciation of Asian art and culture with its John D. Rockefeller 3rd Award.
Official website here: www.asianculturalcouncil.org
What is the revenue of Asian Cultural Council Inc?
Asian Cultural Council Inc's revenue in 2023 was $4,983,238.
Official website here: www.asianculturalcouncil.org
Who are the executives of Asian Cultural Council Inc and what are their salaries?
The average compensation at Asian Cultural Council Inc during 2023 was $65,206. There are 17 employees and 30 volunteers at Asian Cultural Council Inc.
Here are 32 key members and their salaries:
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Official website here: www.asianculturalcouncil.org
Where can I find the form 990 for Asian Cultural Council Inc?
Asian Cultural Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.asianculturalcouncil.org
Learn more at the official website: www.asianculturalcouncil.org
Mission Statement of Asian Cultural Council Inc
The Asian Cultural Council Inc, a nonprofit foundation, strives to deepen international dialogue, understanding, and respect through cultural exchange activities in both Asia and the United States. This mission is achieved by providing opportunities for artists, humanities scholars, and arts professionals across these regions through fellowships, grants, achievement awards, public programs, alumni engagement, and various cultural exchange initiatives. The organization aims to build global arts communities whose collective work contributes to advancing international understanding and respect.
The Asian Cultural Council Inc's grants and fellowships program is its largest and most significant area of work. This program prioritizes process-driven activities that enable relationship-building, collaboration, and the exchange of knowledge among peers in cultural exchange. In 2022, the council awarded 44 grants supporting artists and scholars from Asia and the United States. The fellowships also supported the exchanges of 7 Americans or American organizations traveling to Asia, 29 individuals from Asia to the United States, and 8 intra-Asia or Asia-based exchanges. The council offers individually tailored program services to each fellowship and grant recipient, providing logistical and programmatic support ranging from programmatic recommendations, personal introductions to relevant contacts, J-1 visa sponsorship for individuals traveling to the US, and access to the council's global network of alumni and partners.
In addition to grants and fellowships, the Asian Cultural Council Inc recognizes individuals who have made a substantial contribution to the international understanding and appreciation of Asian art and culture with its John D. Rockefeller 3rd Award. This recognition further strengthens the council's commitment to fostering cultural exchange and promoting international understanding and respect.
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Impact
August, 2024
Asian Cultural Council Inc deepens international dialogue, understanding, and respect through cultural exchange activities in Asia and the United States. By providing opportunities for artists, humanities scholars, and arts professionals across Asia and the U.S., ACC aims to build global arts communities that advance international understanding and respect. Through its grants, fellowships, achievement awards, public programs, alumni engagement, and other cultural exchange initiatives, ACC plays a significant role in fostering cross-cultural collaboration and relationship-building.
In 2022, ACC awarded 44 grants supporting artists and scholars from Asia and the United States. The fellowship program facilitated exchanges, with 7 Americans/American organizations traveling to Asia, 29 individuals from Asia coming to the United States, and 8 intra-Asia exchanges. Each recipient receives individually tailored program services, including logistical support, programmatic recommendations, visa sponsorship, and access to ACC's network of alumni and partners.
Furthermore, ACC recognizes individuals who have significantly contributed to the international understanding and appreciation of Asian art and culture through the John D. Rockefeller 3rd Award. By nurturing talent, facilitating exchanges, and promoting cultural appreciation, Asian Cultural Council Inc plays a crucial role in promoting harmony and peace in the world through cultural exchange.
This information is meant to be a general summary of Asian Cultural Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $935,545
- Program Service Revenue: $120,707
- Gross Receipts: $8,110,301
Assets and Liabilities:
- Total Assets: $41,045,875
- Total Liabilities: $4,549,091
- Net Assets: $36,496,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM ADMIN. FEES
Revenue
$120,707
Organization Details
Founding Year
1980
Principal Officer
Judy Kim
Website
www.asianculturalcouncil.orgNTEE Category
Code: Q210 - International
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