Overview
What is Asian Inc?
Asian Inc, headquartered in San Francisco, California, is a nonprofit organization dedicated to empowering the Asian American community. Their mission is to promote social equality and reduce dependency among this community, primarily through initiatives in business development, housing, and education. They achieve this by offering technical assistance and conducting research to strengthen the infrastructures of Asian American Communities in Northern California. The organization develops housing projects for low-to-moderate income households in both San Francisco and San Jose, contributing to the physical, economic, and social development of this community. With a team of 47 dedicated individuals, Asian Inc continues to make a significant impact in the lives of the Asian American community.
Official website here: www.asianinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star Rating
Asian Inc has received a solid Three-Star rating, indicating that it has a generally strong performance in accountability and finance. The organization boasts 100% independent board members and high scores in areas such as financial oversight and program expenses. These strengths suggest that the nonprofit is well-managed with a focus on efficient use of resources to support its mission.
However, there are some noted limitations in its governance policies, particularly the absence of a whistleblower policy and a document retention policy, which may raise concerns about transparency. Additionally, the nonprofit has not posted its tax form on its website, which could affect public trust. Despite these shortcomings, the organization maintains a commendable program expense ratio, reflecting its commitment to direct program services.
Overall, while Asian Inc demonstrates robust financial practices and governance in many areas, addressing the lacking policies and increasing transparency could help improve its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Asian Inc legitimate?
Asian Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian 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: $347,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,056,016
For more financial information, click here
Official website here: www.asianinc.org
What is the mission statement of Asian Inc?
Asian Inc, through its core mission, aims to empower the Asian American community to achieve social equality. This is done by reducing dependency and expanding access to opportunities in the areas of business development, housing, and education. Significant activities include providing technical assistance and conducting research to strengthen the infrastructures of Asian American communities, thereby assisting in their physical, economic, and social development in Northern California.
Official website here: www.asianinc.org
What is the revenue of Asian Inc?
Asian Inc's revenue in 2023 was $4,287,646.
Official website here: www.asianinc.org
Who are the executives of Asian Inc and what are their salaries?
The average compensation at Asian Inc during 2023 was $57,231. There are 42 employees and 5 volunteers at Asian Inc.
Here are 16 key members and their salaries:
- Compensation: $195,776
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- Other: $0
- Compensation: $151,900
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- Other: $0
- Compensation: $146,720
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- Other: $0
- Compensation: $129,960
- Related: $0
- Other: $0
- Compensation: $129,795
- Related: $0
- Other: $0
- Compensation: $126,146
- Related: $0
- Other: $0
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Official website here: www.asianinc.org
Where can I find the form 990 for Asian Inc?
Asian Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.asianinc.org
Learn more at the official website: www.asianinc.org
Mission Statement of Asian Inc
Asian, Inc., as a nonprofit organization, is dedicated to empowering the Asian American community. Its mission is centered around achieving social equality and reducing dependency. The organization strives to create and expand access to opportunities in three key areas: business development, housing, and education. To accomplish this, Asian, Inc. provides significant assistance through technical aid and research. These efforts are aimed at strengthening the infrastructures of Asian American communities in Northern California, ultimately contributing to their physical, economic, and social development. In essence, Asian, Inc. is committed to uplifting the Asian American community, enabling them to break free from dependency and seize opportunities for growth and equality.
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Impact
July, 2024
Asian Inc's impact lies in its substantial contribution to the empowerment of the Asian American community in Northern California. Through its initiatives focused on business development, housing, and education, Asian Inc works towards reducing dependency and enhancing access to opportunities for this demographic. Specifically, its Housing Development Program plays a pivotal role in creating housing projects for low-to-moderate income households in San Francisco and San Jose, thus addressing a critical need in these communities. By providing technical assistance, conducting research, and strengthening the infrastructures of Asian American communities, Asian Inc plays a key role in facilitating their physical, economic, and social development. Overall, Asian Inc's efforts significantly contribute to the improvement and progress of the Asian American community in Northern California.
This information is meant to be a general summary of Asian 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: $71,225
- Program Service Revenue: $3,137,309
- Gross Receipts: $4,424,186
Assets and Liabilities:
- Total Assets: $13,642,103
- Total Liabilities: $7,573,221
- Net Assets: $6,068,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEES
Revenue
$97,120
CONTRACT INCOME
Revenue
$2,551,909
PROGRAM INCOME
Revenue
$488,280
Organization Details
Founding Year
1971
Principal Officer
Lamar Heystek
Website
www.asianinc.orgNTEE Category
Code: S30Z - Community improvement
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