Asian American Futures is located in Irvine, CA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Asian American Futures employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Futures 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, Asian American Futures generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Asian American Futures has awarded 29 individual grants totaling $2,029,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ASIAN AMERICAN FUTURES IS TO ENSURE THAT ASIAN AMERICANS AND PACIFIC ISLANDERS ARE SEEN, HEARD, EMPOWERED, AND UNITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVATE CALIFORNIA - ACTIVATE CALIFORNIA PROVIDES FLEXIBLE GENERAL OPERATING RESOURCES AND CAPACITY BUILDING SUPPORT TO ORGANIZING AND BASE BUILDING ORGANIZATIONS IN CALIFORNIA. WE FOCUS ON COMMUNITY-BASED ORGANIZATIONS SERVING HISTORICALLY UNDER-RESOURCED REGIONS AND POPULATIONS. OUR RESOURCES ARE DESIGNED TO HELP CATALYZE DEVELOPMENT AND SUSTAINABILITY AS OUR PARTNERS WORK TO BECOME ANCHOR BASE BUILDING ORGANIZATIONS IN THEIR COMMUNITIES.
GOLD FUTURES CHALLENGE - THE GOLD FUTURES CHALLENGE IS AN ONLINE MODEL FOR DEMOCRATIZING PHILANTHROPY THAT DRIVES RESOURCES TO ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) NONPROFITS AND INCREASES THEIR VISIBILITY, WITH THE ASPIRATION TO BUILD UNITY AMONG AAPIS AND COMMUNITIES OF COLOR ACROSS THE COUNTRY.
CATALYST LAB - THE CATALYST LAB SUPPORTS ASIAN AMERICAN, NATIVE HAWAIIAN AND PACIFIC ISLANDER (AANHPI) ORGANIZATIONS TO SHAPE PUBLIC POLICY AND NARRATIVES THAT STRENGTHEN LOCAL COMMUNITIES AND TRANSFORM SYSTEMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joanna Kong Co-Chair | OfficerTrustee | 5 | $0 |
Susan Lew Co-Chair | OfficerTrustee | 1 | $0 |
Nithin Jilla Secretary/treasurer | OfficerTrustee | 5 | $0 |
Cathy Cha Board Member | Trustee | 1 | $0 |
Vivian Long Board Member | Trustee | 1 | $0 |
Aryani Ong Board Member | Trustee | 1 | $0 |
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 | $2,447,631 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,447,631 |
Total Program Service Revenue | $9,500 |
Investment income | $0 |
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 | $2,457,131 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,510,000 |
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. | $164,478 |
Compensation of current officers, directors, key employees. | $55,854 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $293,370 |
Pension plan accruals and contributions | $1,662 |
Other employee benefits | $20,662 |
Payroll taxes | $36,469 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $73,786 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $220,903 |
Advertising and promotion | $20,355 |
Office expenses | $16,345 |
Information technology | $16,122 |
Royalties | $0 |
Occupancy | $0 |
Travel | $32,294 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $100 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,308 |
Insurance | $5,650 |
All other expenses | $5 |
Total functional expenses | $2,435,597 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,407,972 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,016,334 |
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 | $5,678 |
Net Land, buildings, and equipment | $1,743 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,431,727 |
Accounts payable and accrued expenses | $44,598 |
Grants payable | $0 |
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 | $44,598 |
Net assets without donor restrictions | $315,187 |
Net assets with donor restrictions | $3,071,942 |
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 | $3,431,727 |
Over the last fiscal year, Asian American Futures has awarded $1,510,000 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
COMMUNITY PARTNERS PURPOSE: ACTIVATE CALIFORNIA GRANT - EPIC/CVPIA/VIGILANT LOVE | $300,000 |
EVERY VOICE TEXAS DBA ASIAN TEXANS FOR JUSTICE PURPOSE: 2022 GFC GRANT - EVERY VOICE TEXAS DBA ASIAN TEXANS FOR JUSTICE | $101,000 |
CHINESE FOR AFFIRMATIVE ACTION PURPOSE: ACTIVATE CALIFORNIA GRANT - HMONG INNOVATING POLITICS | $100,000 |
CHINESE PROGRESSIVE ASSOCIATION PURPOSE: ACTIVATE CALIFORNIA GRANT - SEEDING CHANGE | $100,000 |
JAKARA MOVEMENT PURPOSE: ACTIVATE CALIFORNIA GRANT - JAKARA MOVEMENT | $100,000 |
NIKKEI FOR CIVIL RIGHTS AND REDRESS PURPOSE: ACTIVATE CALIFORNIA GRANT - NIKKEI PROGRESSIVES | $100,000 |