Association Of Asian American Investment Managers
- Assets
- $1.2m
- Revenue
- $951.1k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 61-1929006
Organization Overview
Association Of Asian American Investment Managers is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Asian American Investment Managers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN THE YEAR 2006, THE ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS AAAIM IS A NATIONAL TRADE ASSOCIATION DEDICATED TO THE ADVANCE OF AAPIS ASIAN AMERICANS & PACIFIC-ISLANDERS IN THE ASSET MANAGEMENT INDUSTRY. AAAIM SUPPORTS THOSE TRYING TO ACCESS TOP POSITIONS AT MAJOR INVESTMENT FIRMS WHILE ALSO PROMOTING AN ENTREPRENEURIAL ROUTE FOR INVESTMENT MANAGERS THAT START THEIR OWN FIRMS. AAAIM IS COMMITTED TO PROVIDING AN ASSOCIATION THAT CREATES AN EDUCATIONAL FORUM FOR SHARING EXPERTISE WITHIN THE AAPI INVESTMENT COMMUNITY TO BUILD A PIPELINE OF NEXT GENERATION LEADERS BY ENCOURAGING MORE AAPI STUDENTS TO ENTER THE FIELD AND TO SERVE AS A CATALYST FOR STRATEGIC RELATIONSHIPS BETWEEN AAPI MANAGERS AND INSTITUTIONAL INVESTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OTHER ACHIEVEMENTS
EDUCATION - LEVERAGE AAAIM PODCAST, CONFERENCE, REGIONAL EVENTS AND VIRTUAL PROGRAMS TO HELP EDUCATE THE INVESTMENT INDUSTRY REGARDING ISSUES OF DIVERSITY, EQUITY AND INCLUSION FACING THE AAPI COMMUNITY.
EMERGING LEADERS COHORT - MENTORSHIP, EXECUTIVE COACHING, PUBLIC SPEAKING AND TRAINING FOR MID CAREER PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Park CEO | Officer | 40 | $240,000 |
Catherine Canlas Vice President | Officer | 40 | $70,231 |
Gordon Liao Director | Trustee | 0 | $0 |
Brenda Chia Director | Trustee | 0 | $0 |
Bennett Kim Director | Trustee | 0 | $0 |
William Park Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $787,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,500 |
| Total Program Service Revenue | $163,513 |
| Investment income | $63 |
| 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 | $951,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| 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. | $310,231 |
| Compensation of current officers, directors, key employees. | $55,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $623 |
| Payroll taxes | $17,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,722 |
| 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 | $55,341 |
| Advertising and promotion | $1,694 |
| Office expenses | $15,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,849 |
| All other expenses | $1,800 |
| Total functional expenses | $815,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,900 |
| Savings and temporary cash investments | $303,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,000 |
| 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 | $384,682 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,237,344 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $67,250 |
| 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 | $67,250 |
| Net assets without donor restrictions | $1,170,094 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,237,344 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association Of Asian American Investment Managers has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Sit Investment Associates Foundation Minneapolis, MN PURPOSE: OPERATING | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casbo Sacramento, CA | $7,956,691 | $4,931,132 |
Accion Opportunity Fund Inc San Jose, CA | $6,172,057 | $6,244,507 |
Mauna Lani Resort Association Kohala Coast, HI | $3,965,841 | $3,519,354 |
Pacific Merchant Shipping Association Oakland, CA | $4,538,580 | $3,789,309 |
Arizona Society Of Certified Public Accountants Phoenix, AZ | $5,315,175 | $3,081,125 |
Oregon Society Of Certified Public Accountants Beaverton, OR | $4,261,945 | $3,002,027 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Orange, CA | $5,805,730 | $2,268,503 |
Professionals In Human Resources Association Torrance, CA | $2,197,340 | $2,318,409 |
Northern California Mechanical Contractors Association 07-94 Vacaville, CA | $7,880,996 | $4,424,782 |
Downtown Berkeley Association Berkeley, CA | $954,283 | $1,696,087 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Duarte, CA | $7,279,421 | $2,378,281 |
General Contractors Association Of Hawaii Honolulu, HI | $6,721,024 | $1,455,396 |