Asianetwork Inc
- Assets
- $2.4m
- Revenue
- $309.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 03/1998
- Data as of
- 07/2023
- EIN
- 56-1843606
Organization Overview
Asianetwork Inc is located in Bloomington, IL. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asianetwork 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 07/2023, Asianetwork Inc generated $309.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $826.6k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asianetwork Inc has awarded 85 individual grants totaling $2,620,292. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ASIAN STUDIES DEVELOPMENT; TO PROMOTE THE STUDY OF ASIA ON MEMBER CAMPUSES; SEND FACULTY AND STUDENTS TO ASIA; ANNUAL CONFERENCE; PUBLISH JOURNAL; ASIANETWORK EXCHANGE; SEND CONSULTANTS TO MEMBER CAMPUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE AND MEETING FOR INSTITUTIONAL AND AFFILIATE MEMBERS PROVIDING INFORMATION AND UPDATES ON ASIAN STUDY DEVELOPMENT.
COMMUNICATION SERVICES BETWEEN ASIAN STUDY INSTITUTIONS PROVIDED THROUGH NEWSLETTER, WEBSITE, EDUCATIONAL PUBLICATIONS, AND FUNDING OF A SPEAKERS BUREAU.
TRAVEL FOR STUDENT AND FACULTY RESEARCH IN ASIA; SEMINARS FOR CURRICULUM DEVELOPMENT DESIGNED TO ASSIST IN STRENGTHENING AND EXPANDING ASIAN STUDIES AT LIBERAL ARTS COLLEGES AND UNIVERSITIES; ASSIST SELECTED MEMBER INSTITUTIONS TO HIRE ONE-YEAR VISITING SCHOLARS TO ENRICH THE ASIAN STUDIES COURSE OFFERINGS ON THEIR CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teodora Amoloza Finance Offi | Officer | 10 | $10,000 |
Daniel Choffnes Co-Exec Dire | Trustee | 10 | $23,500 |
Gary Decoker Co-Exec Dire | Trustee | 20 | $30,000 |
Jack Harris Development | Officer | 5 | $3,000 |
James Godde Board Member | Trustee | 2 | $0 |
Hiroaki Kawamura Board Member | Trustee | 2 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,100 |
| Total Program Service Revenue | $36,510 |
| Investment income | $58,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $95 |
| Net Rental Income | $0 |
| 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 | $309,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $532,522 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,900 |
| Compensation of current officers, directors, key employees. | $74,500 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,264 |
| Fees for services: Other | $22,884 |
| Advertising and promotion | $0 |
| Office expenses | $24,806 |
| Information technology | $1,304 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636 |
| Insurance | $4,330 |
| All other expenses | $16,368 |
| Total functional expenses | $826,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,429 |
| Savings and temporary cash investments | $214,769 |
| Pledges and grants receivable | $0 |
| 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 | $954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,821,583 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,354,735 |
| Accounts payable and accrued expenses | $90 |
| Grants payable | $0 |
| Deferred revenue | $13,350 |
| 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 | $13,440 |
| Net assets without donor restrictions | $1,694,088 |
| Net assets with donor restrictions | $647,207 |
| 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 | $2,354,735 |
Grants Awarded
Over the last fiscal year, Asianetwork Inc has awarded $529,522 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ST LAWRENCE UNIVERSITY | | | $40,000 |
WARREN WILSON COLLEGE | | | $27,850 |
KNOX COLLEGE | | | $38,000 |
MORAVIAN UNIVERSITY | | | $38,000 |
BEREA COLLEGE | | | $20,010 |
BUCKNELL UNIVERSITY | | | $44,030 |