Asian And Pacific Islander American Scholarship Fund is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Asian And Pacific Islander American Scholarship Fund employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian And Pacific Islander American Scholarship Fund 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 06/2022, Asian And Pacific Islander American Scholarship Fund generated $13.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $12.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE ACCESS: APIA SCHOLARS MANAGES THE APIA SCHOLARSHIP, THE AANAPISI SCHOLARSHIP, THE APIA SCHOLARS EMERGENCY FUND, AND THE GATES MILLENNIUM SCHOLARS/ASIAN PACIFIC ISLANDER AMERICANS FUND. THROUGH THESE SCHOLARSHIP PROGRAMS, APIA SCHOLARS HAS DISTRIBUTED MORE THAN $150 MILLION IN COLLEGE SCHOLARSHIPS TO MORE THAN 8,100 DESERVING ASIAN AND PACIFIC ISLANDER AMERICAN (APIA) STUDENTS ACROSS THE COUNTRY AND IN THE PACIFIC ISLANDS. OUR FOCUS ON MULTI-YEAR SCHOLARSHIPS REMOVES FINANCIAL BARRIERS WHILE PROMOTING DEGREE ATTAINMENT.
STUDENT SUCCESS AND CAREER DEVELOPMENT:UPON RECEIVING THEIR SCHOLARSHIP, SCHOLARS ARE INVITED TO ATTEND OUR ANNUAL ELEVATING LEADERS SUMMIT, AN EXCLUSIVE EVENT TO HELP INCOMING SCHOLARS THRIVE ON CAMPUS. SCHOLARS IMMERSE THEMSELVES IN A COMMUNITY OF UNDERSTANDING DISCUSSING JUSTICE ISSUES IMPACTING APIAS, EXAMINING PERSONAL AND CULTURAL IDENTITY, AND HEARING FROM SPEAKERS AND PANELISTS ON STRATEGIES TO NAVIGATE COLLEGE. BUILDING ON ELS, STUDENTS ARE INVITED TO PARTICIPATE IN OUR PEER MENTORSHIP PROGRAM WITH AN APIA SCHOLARS COLLEGE SENIOR SUPPORTING THEM ALONG THEIR ACADEMIC JOURNEY. FORMALLY LAUNCHED IN MAY 2021, THE APIA SCHOLARS MENTAL HEALTH INITIATIVE, DESIGNED TO DESTIGMATIZE MENTAL HEALTH SUPPORT AND PROVIDE ACCESSIBLE AND CULTURALLY SENSITIVE (CONTINUED ON SCHEDULE O)RESOURCES WAS CREATED AS A RESULT IN A SPIKE OF MENTAL HEALTH "INSIGHT FLAGS" INCLUDING DEPRESSION, DISCRIMINATION, DROPPING OUT, ROOMMATE CONFLICT, AND SEVERE ANXIETY AMONGST SCHOLARS. OUR STUDENT SUCCESS PROGRAMS REMOVE BARRIERS, BUILD COMMUNITY, AND SUPPORTS TRANSITIONS FOR STUDENTS IN THEIR COLLEGE JOURNEY.OUR CAREER DEVELOPMENT PROGRAMMING EXPANDS STUDENTS' MENTORSHIP AND NETWORKING INTO THEIR COLLEGE TO CAREER TRANSITION. THE INDUSTRY EXPERTS SERIES EXPOSES SCHOLARS TO VARIOUS INDUSTRIES THROUGH PANELS OF APIA PROFESSIONALS. THROUGH THE SEMI-ANNUAL CANDID CONNECTIONS NETWORKING PROGRAM, SCHOLARS AND ALUMNI GROW THEIR NETWORKS WHILE ALSO BUILDING COMMUNITY AMONG PEERS AND PANELISTS FROM THE GREATER APIA COMMUNITY. THE APIA SCHOLARS PROFESSIONAL MENTORSHIP PROGRAM FACILITATES VIRTUAL MENTORSHIPS WITH APIA SCHOLARS AND INDUSTRY PROFESSIONALS, ALLOWING FOR MEANINGFUL CONNECTION AND SKILL DEVELOPMENT TO EMPOWER FUTURE APIA LEADERS. LASTLY, APIA SCHOLARS' INDUSTRY FELLOWSHIP PROGRAM OFFERS APIA SCHOLARS AND ALUMNI AN INTENSIVE CURATED FELLOWSHIP PROGRAM, CREATED IN PARTNERSHIP WITH OUR SPONSORS.
BUILDING KNOWLEDGE: OUR RESEARCH PLACES SCHOLARS AT THE CENTER AND INFORMS POLICYMAKERS, HIGHER EDUCATION LEADERS, AND OTHER COMMUNITY STAKEHOLDERS TO INCREASE EDUCATIONAL OPPORTUNITIES AND SUCCESS FOR APIA STUDENTS. THROUGH APIA DATA STORIES WE HIGHLIGHT CRITICAL AREAS OF SUPPORT FOR APIA STUDENTS NATIONWIDE, PROVIDING CURRENT AND RELEVANT DATA THAT EQUIP INSTITUTIONS TO PROVIDE CULTURALLY COMPETENT INTERVENTIONS IN STEP WITH THE TRENDS OF INCOMING COLLEGE STUDENTS. BASED ON OUR ANNUAL SURVEY OF SCHOLARSHIP APPLICANTS, DATA STORIES ILLUSTRATE THE NEED AND IMPACT OF SCHOLARSHIPS WHILE REVEALING APIA GROUPS THAT CONTINUE TO BE UNDERSERVED AND UNDERREPRESENTED. APIA SCHOLARS' NATIVE HAWAIIAN PACIFIC ISLANDER (NHPI) RESEARCH INITIATIVE IS AN ONGOING (CONTINUED ON SCHEDULE O)COLLABORATION WITH AANAPISI CAMPUSES SERVING SIGNIFICANT NUMBERS OF NHPI STUDENTS IN THE U.S.-AFFILIATED PACIFIC ISLANDS, HAWAI'I AND THE U.S. CONTINENT. THE APPLIED RESEARCH FELLOWSHIP PROGRAM ENABLES OUTSTANDING APIA SCHOLARS ALUMNI PURSUING FULL-TIME MASTERS AND DOCTORAL DEGREES TO PLAY A SIGNIFICANT ROLE IN ADVANCING THE ORGANIZATION'S STUDENT RESEARCH AND ADVOCACY AGENDA. FELLOWS ENGAGE IN PROJECTS INFORMING THE EDUCATIONAL AND WORKFORCE TRAJECTORY OF APIA STUDENTS ACROSS THE NATION, INCLUDING MENTAL HEALTH & WELLBEING, LEADERSHIP & CIVIC ENGAGEMENT, ENGLISH LEARNERS, AND ANTI-ASIAN RACISM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Noel Harmon President & Executive Director | Officer | 40 | $367,212 |
Elena Anderson Chief Operating Officer | Officer | 40 | $223,956 |
Julie Ajinkya Senior VP & Chief Strategy Officer | 40 | $199,615 | |
Shyam Gadwal Vp, Programs | 40 | $124,287 | |
Melissa May Senior Director Of Programs | 40 | $104,386 | |
Aimee Meher-Homji Board Chair | OfficerTrustee | 10 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
University Of California Los Angeles Partnership For Eq. In Educ. & Research | 6/29/15 | $163,447 |
New York University Partnership For Eq. In Educ. & Research | 6/29/15 | $112,312 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $261,153 |
All other contributions, gifts, grants, and similar amounts not included above | $13,336,246 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $13,597,399 |
Total Program Service Revenue | $0 |
Investment income | $19,318 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
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 | $13,616,717 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $7,853,240 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $525,968 |
Compensation of current officers, directors, key employees. | $292,547 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,763,663 |
Pension plan accruals and contributions | $17,839 |
Other employee benefits | $102,552 |
Payroll taxes | $167,488 |
Fees for services: Management | $0 |
Fees for services: Legal | $38,322 |
Fees for services: Accounting | $47,869 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $816,816 |
Advertising and promotion | $18,918 |
Office expenses | $222,912 |
Information technology | $181,285 |
Royalties | $0 |
Occupancy | $235,752 |
Travel | $112,408 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $98,642 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $33,859 |
Insurance | $4,622 |
All other expenses | $24,947 |
Total functional expenses | $12,514,448 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $485,810 |
Savings and temporary cash investments | $4,506,323 |
Pledges and grants receivable | $3,509,138 |
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 | $122,346 |
Net Land, buildings, and equipment | $242,031 |
Investments—publicly traded securities | $26,775,330 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,045,848 |
Total assets | $37,686,826 |
Accounts payable and accrued expenses | $240,762 |
Grants payable | $1,983,086 |
Deferred revenue | $122,500 |
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 | $2,381,029 |
Total liabilities | $4,727,377 |
Net assets without donor restrictions | $26,509,303 |
Net assets with donor restrictions | $6,450,146 |
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 | $37,686,826 |
Over the last fiscal year, we have identified 14 grants that Asian And Pacific Islander American Scholarship Fund has recieved totaling $7,321,698.
Awarding Organization | Amount |
---|---|
United Negro College Fund Inc Washington, DC PURPOSE: GRANTS & SCHOLARSHIPS | $5,226,685 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $1,166,063 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Native Hawaiian and Pacific Islander Research Capacity Building Initiative | $294,500 |
Kresge Foundation Troy, MI PURPOSE: TO PROMOTE EDUCATIONAL EQUITY AND IDENTIFY MENTAL HEALTH SUPPORTS FOR NATIVE HAWAIIAN AND PACIFIC ISLANDER (NHPI) COLLEGE STUDENTS. | $250,000 |
Goodcoin Foundation Charleston, SC PURPOSE: GENERAL SUPPORT | $178,362 |
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $75,000 |
Organization Name | Assets | Revenue |
---|---|---|
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |