Asia Connection Inc
- Assets
- $1.2m
- Revenue
- $279.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Richmond, CA
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 59-3619790
Organization Overview
Asia Connection Inc is located in Richmond, CA. The organization was established in 2001. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asia Connection 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, Asia Connection Inc generated $279.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $256.0k during the year ending 12/2021. While expenses have increased by 6.5% 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.
Since 2015, Asia Connection Inc has awarded 41 individual grants totaling $1,244,386. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NGUYEN NGA CENTER IS A PRIVATELY-RUN REHABILITATION CENTER IN QUI NHON, VIETNAM THAT HELPS PEOPLE WITH PHYSICAL AND MENTAL DISABILITIES. THE CENTER ASSISTS INDIVIDUALS WITH DISABILITIES THROUGH EDUCATION, SCHOLARSHIPS, VOCATIONAL TRAINING AND LIFE SKILLS, WITH THE GOAL OF MAXIMIZING THE PERSONS CONFIDENCE AND INDEPENDENCE.
THE CONGREGATION OF THE MIRACULOUS MEDAL IN KONTUM PROVIDES A FAMILY SCIENCE PROGRAM FOR YOUNG WOMEN FROM OUTLYING VILLAGES FOR A MIDWIFE TRAINING PROGRAM, AND HAVE TRAINED OVER 240 MIDWIVES AND ARE WORKING IN OVER 40 VILLAGES. THEY ALSO ASSIST IN PROVIDING TRANSPORTATION TO HOSPITALS AND CLINICS FOR SPECIALIZED MEDICAL TREATMENTS, SUCH AS, CLEFT SURGERY, SURGERY FOR CLUB FEET AND BURN RECONSTRUCTION FOR CHILDREN AND ADULTS.
ASVHO SOCIAL WELFARE DEPARTMENT FOR THE POOR AND DISABLED. THIS ACTIVITY IS FOR THE CONSTRUCTION OF HOUSES AND DISTRIBUTION OF COWS TO POOR FAMILIES IN THE BINH DINH PROVINCE OF VIETNAM'S SOUTH CENTRAL COAST REGION.
THE ORDER OF ST. VINCENT DEPAUL, IN KONTUM, PROVIDES CARE FOR 30 YOUNG GIRLS IN THE COMPOUND SO THEY CAN RECEIVE AN EDUCATION. THEY ALSO RUN A VILLAGE FEEDING PROGRAM FOR 3 POOR VILLAGES TO FEED THE CHILDREN AND THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Havican Chairman | 0 | $0 | |
Ted Rose Treasurer | 0 | $0 | |
Lily Ackerman Secretary | 0 | $0 | |
Mary Held Vice Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,593 |
| Interest on Savings | $7 |
| Dividends & Interest | $10,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,680 |
| Capital Gain Net Income | $509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $279,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,130 |
| Total operating and administrative expenses | $21,860 |
| Contributions, gifts, grants paid | $234,117 |
| Total expenses and disbursements | $255,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,001 |
| Savings and temporary cash investments | $54,387 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,559 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,173,919 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Asia Connection Inc has awarded $234,117 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KAILAKURI HEALTH CARE PURPOSE: MEDICAL NEEDS AND OPERATIONS | $111,414 |
SISTERS OF THE MIRACULOUR MEDAL PURPOSE: HEALTHCARE, EDUCATION, SOCIAL WELFAR | $56,484 |
NGUYEN NGA CENTER PURPOSE: HEALTHCARE, EDUCATION, SOCIAL WELFAR | $31,073 |
SISTERS OF ST VINCENT DE PAUL PURPOSE: HEALTHCARE, EDUCATION, SOCIAL WELFAR | $20,511 |
ASSOC OF SENIORS DISABLED ORPHAN PURPOSE: HEALTHCARE, EDUCATION, SOCIAL WELFAR | $14,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |