Asia Initiatives
- Assets
- $971.8k
- Revenue
- $574.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-2190020
Organization Overview
Asia Initiatives is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asia Initiatives 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 12/2022, Asia Initiatives generated $574.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $625.5k during the year ending 12/2022. While expenses have increased by 22.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEVERAGE SOCIAL CAPITAL TO PROMOTE HEALTH CARE EDUCATION SUSTAINABLE DEVELOPMENT AND TO BRING POSITIVE CHANGE TO THE QUALITY OF LIFE IN UNDERSERVED COMMUNITIES. ASSIST WOMEN AND THEIR FAMILIES TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHOHRATGARH ENVIRONMENTAL- ESTABLISHED RESOURCE CENTERS IN LUCKNOW INDIA EQUIPPING THEM WITH LIBRARIES AND COMPUTERS TO SERVE ADOLESCENT YOUNG GIRLS IN UNDERSERVED COMMUNITIES.
SAVERA FOUNDATION - AI HAS PARTNERED WITH SAVERS TO ENSURE WATER SECURITY TO NINE VILLAGES IN THE KODERMA DISTRICT OF JHAKHAND EASTERN INDIA THROUGH THE REVIVAL OF TRADITIONAL WATERSHED STRUCTURES.
MANTRA SOCIAL SERVICES - FOCUSING ON CHILDREN IN RURAL VILLAGES OF CHAWAND THIS INITIATIVES HELPS YOUNG LEARNERS IDENTIFY THEIR INTERESTS AND EDUCATIONAL GOALS AND ASSISTS IN DEVELOPING ENTREPRENEURIAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geeta Mehta President | OfficerTrustee | 25 | $0 |
Fumi Kato Secretary | OfficerTrustee | 1 | $0 |
Richard A Murray Treasurer | OfficerTrustee | 4 | $0 |
Krishen Mehta Director | Trustee | 1 | $0 |
Urvashi Kaul Director | Trustee | 1 | $0 |
Alicia Kershaw Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $416,120 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,389 |
| Total Program Service Revenue | $0 |
| Investment income | $1,511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $574,204 |
| 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 | $480,709 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $128,552 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $7,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $625,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,328 |
| Savings and temporary cash investments | $364,521 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $971,849 |
| Accounts payable and accrued expenses | $1,076 |
| Grants payable | $51,200 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,276 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $919,573 |
| Total liabilities and net assets/fund balances | $971,849 |
Grants Awarded
Over the last fiscal year, Asia Initiatives has awarded $62,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Little Rock, AR | | $35,000 |
SREE VIDYA NIKETAN TRUST | | | $19,000 |
CENTER FOR DEVELOPMENT | | | $8,100 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Asia Initiatives has recieved totaling $105,105.
| Awarding Organization | Amount |
|---|---|
Steadview Foundation New York, NY PURPOSE: UNRESTRICTED | $70,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,783 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $10,000 |
Clif Bar Family Foundation Saint Helena, CA PURPOSE: CREATING A ROBUST HEALTHY FOOD SYSTEM | $6,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,000 |
Kesselman Family Foundation Lakewood, CO PURPOSE: CHARITABLE | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |
Mary Haven Center Of Hope Port Jefferson, NY | $26,765,963 | $57,662,471 |