Asian American Media Inc
- Assets
- $59.6k
- Revenue
- $97.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-4114362
Organization Overview
Asian American Media Inc is located in Covina, CA. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Media Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DRIVING THE NARRATIVE ABOUT AAPIS TO SHOWCASE ALL THAT IS AMERICAN ABOUT US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BULK OF OUR EXPENSES HAS SUPPORTED THE HIRING OF ONE FULL-TIME ASSOCIATE EDITOR WITH BENEFITS. SHE HAS WRITTEN AND EDITED HUNDREDS OF STORIES DRIVING THE NARRATIVE OF ASIAN AMERICANS AS AMERICAN, ENCOURAGING AAPIS TO BECOME FULL PARTICIPANTS INOUR DEMOCRATIC SOCIETY AND EXPLORING SOLUTIONS TO ISSUES FACING THE COMMUNITY SUCH AS ANTI-ASIAN HATE.OTHER EXPENSES HAVE SUPPORTED OUR INFRASTRUCTURE SUCH AS ACCOUNTING AND WEB SERVICES.FINALLY, WE HAVE PAID OUR CONTRACTORS FOR THEIR ORIGINAL REPORTING AND CONTENT. WE ARE ALSO SUPPORTED BY MANY VOLUNTEERS INCLUDING OUR FOUNDER AND EDITOR WHO HAVE WORKED TIRELESSLY TO PUBLISH FRESH CONTENT 365 DAYS A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Yip Chairman | Trustee | 30 | $0 |
Dickson Louie Treasurer | Trustee | 1 | $0 |
David Liu Secretary | Trustee | 1 | $0 |
Annie Lam Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,742 |
| Total Program Service Revenue | $0 |
| 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 | $97,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $1,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,503 |
| Advertising and promotion | $205 |
| Office expenses | $586 |
| Information technology | $727 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,480 |
| All other expenses | $60 |
| Total functional expenses | $60,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,356 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,214 |
| Total assets | $59,570 |
| Accounts payable and accrued expenses | $271 |
| 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 | $271 |
| Net assets without donor restrictions | $0 |
| 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 | $59,299 |
| Total liabilities and net assets/fund balances | $59,570 |