Asian Americans For Equality Inc
- Assets
- $26.6m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 55
- Location
- New York, NY
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 13-3187792
Organization Overview
Asian Americans For Equality Inc is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Asian Americans For Equality Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Americans For Equality Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Asian Americans For Equality Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASIAN AMERICANS FOR EQUALITY, INC. (AAFE) ADVANCES THE RIGHTS OF ASIAN AMERICANS, AND THOSE IN NEED, THROUGH ADVOCACY FOR CIVIL RIGHTS, AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, AND IMMIGRANT SERVICES.
Describe the Organization's Program Activity:
SOCIAL, LEGAL & HOUSING - HOUSING, IMMIGRATION AND SOCIAL SERVICES FORM THE BACKBONE OF AAFE'S SOCIAL SERVICES TO THE COMMUNITY. AVAILABLE AT STOREFRONT LOCATIONS IN CHINATOWN/LOWER EAST SIDE, BROOKLYN AND FLUSHING IN NEW YORK CITY. THESE SERVICES INCLUDE: HOUSING LEGAL ASSISTANCE AND REPRESENTATION, IMMIGRATION ASSISTANCE AND NATURALIZATION PREPARATION, HEALTHCARE ACCESS, PUBLIC ASSISTANCE AND BENEFITS COUNSELING AND OTHER SERVICES THAT ASSIST LOW-INCOME IMMIGRANT CLIENTELE TO STABILIZE THEIR LIVES.
COMMUNITY PLANNING AND DEVELOPMENT - THROUGH THESE PROGRAMS, AAFE CONTINUES TO REVITALIZE LOW-TO MODERATE INCOME COMMUNITIES.
ADVOCACY, COMMUNITY OUTREACH AND EDUCATION - AAFE EMPOWERS COMMUNITY RESIDENTS, STAKEHOLDERS AND SUPPORTERS BY PROVIDING EDUCATION AND INFORMATION. AAFE ENCOURAGES CIVIC PARTICIPATION BY REGISTERING VOTERS AND MOBILIZING THE ASIAN AMERICAN COMMUNITY CITY-WIDE TO SPEAK OUT ON IMMIGRANT HOUSING AND QUALITY OF LIFE ISSUES.
OPERATIONS AS HARDESTY STORAGE, A MONTH-TO-MONTH STORAGE RENTAL OPERATION, AND A UHAUL RENTAL BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Sun Co-Executive Director | Officer | 23 | $237,414 |
Hui-Yuan Nelson Chan Director Of Real Estate De | 35 | $158,829 | |
Tim Jung Chief Financial Officer (outgoing) | Officer | 23 | $145,801 |
Emily Rios Director Of Community Services | 1 | $138,895 | |
Ethel Coffinas Director Of Human Resource | 35 | $136,043 | |
Heidie Joo Burwell Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marks Paneth Llp Accounting Services | 12/30/19 | $204,500 |
Contango Llc It Consulting | 12/30/19 | $105,019 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,760,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,049,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,809,894 |
| Total Program Service Revenue | $1,401,875 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,707,681 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,393,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,132 |
| Compensation of current officers, directors, key employees. | $228,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,505,371 |
| Pension plan accruals and contributions | $55,734 |
| Other employee benefits | $299,842 |
| Payroll taxes | $241,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,542 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,848 |
| Advertising and promotion | $19,699 |
| Office expenses | $117,547 |
| Information technology | $29,758 |
| Royalties | $0 |
| Occupancy | $1,035,196 |
| Travel | $28,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,459 |
| Interest | $751,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461,386 |
| Insurance | $78,482 |
| All other expenses | $34,205 |
| Total functional expenses | $7,310,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,036,625 |
| Savings and temporary cash investments | $35,325 |
| Pledges and grants receivable | $1,691,912 |
| Accounts receivable, net | $17,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $362,937 |
| Net Land, buildings, and equipment | $10,668,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,446,292 |
| Intangible assets | $0 |
| Other assets | $7,342,590 |
| Total assets | $26,601,430 |
| Accounts payable and accrued expenses | $598,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,466,866 |
| Unsecured mortgages and notes payable | $605,073 |
| Other liabilities | $7,610,034 |
| Total liabilities | $19,280,389 |
| Net assets without donor restrictions | $6,855,990 |
| Net assets with donor restrictions | $465,051 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,601,430 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Asian Americans For Equality Inc has recieved totaling $715,910.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $256,250 |
Community Service Society Of New York New York, NY PURPOSE: DIRECT SERVICE | $113,838 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $60,250 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $60,250 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $50,000 |
New York Mortgage Coalition Inc New York, NY PURPOSE: Financial Counseling & Technology | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Programs Of Westchester Jewish Community Services White Plains, NY | $12,138,978 | $16,937,661 |
Sunnyside Community Services Inc Long Island City, NY | $7,213,077 | $15,496,475 |
The B E L L Foundation Inc Westwood, MA | $26,190,550 | $19,692,109 |
Marshall Project Inc New York, NY | $18,747,646 | $15,174,508 |
Nassau-Suffolk Law Services Committee Inc Hempstead, NY | $5,326,603 | $11,194,760 |
Center For Family Resources Inc Ringwood, NJ | $4,628,720 | $9,195,275 |
Mercy Flight Central Inc Canandaigua, NY | $14,339,659 | $14,213,717 |
Here To Here Foundation Inc Bronx, NY | $10,262,789 | $1,365,332 |
Arab-American Family Support Center Inc Brooklyn, NY | $5,221,623 | $9,617,886 |
Ironbound Community Corporation Newark, NJ | $18,528,581 | $9,449,256 |
Asian Americans For Equality Inc New York, NY | $26,601,430 | $8,393,675 |
Greater Hartford Ridesharing Corporation Bloomfield, CT | $7,224,593 | $6,566,228 |