Asian Art Museum Foundation Of San Francisco is located in San Francisco, CA. The organization was established in 1969. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Asian Art Museum Foundation Of San Francisco employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Art Museum Foundation Of San Francisco 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 Art Museum Foundation Of San Francisco generated $35.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $35.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASIAN ART MUSEUM CELEBRATES, PRESERVES, AND PROMOTES ASIAN AND (CONTINUED ON SCHEDULE O)ASIAN AMERICAN ART AND CULTURES FOR LOCAL AND GLOBAL AUDIENCES. WE PROVIDE A DYNAMIC FORUM FOR EXCHANGING IDEAS, INVITING COLLABORATION, AND FUELING IMAGINATION TO DEEPEN UNDERSTANDING AND EMPATHY AMONG PEOPLE OF ALL BACKGROUNDS.
Describe the Organization's Program Activity:
THE MUSEUM IS ONE OF SAN FRANCISCO'S PREMIER ARTS INSTITUTIONS AND HOME TO A WORLD-RENOWNED COLLECTION OF MORE THAN 18,000 ART TREASURES SPANNING 6,000 YEARS OF HISTORY AND REPRESENTING COUNTRIES AND CULTURES THROUGHOUT ASIA. THE COLLECTION'S SCOPE AND BREADTH ENABLE THE MUSEUM TO INTRODUCE ALL OF THE MAJOR TRADITIONS OF ASIAN ART AND CULTURE, AS WELL AS THE WORK OF MANY ASIAN AMERICAN ARTISTS. MORE THAN 2,500 ARTWORKS FROM THE COLLECTION ARE GENERALLY ON VIEW IN THE MUSEUM'S 33 COLLECTION GALLERIES, WITH ANOTHER 500 OBJECTS REMOVED AND REFRESHED WITH WORKS FROM STORAGE EACH YEAR.
THE MUSEUM PROVIDES A BROAD RANGE OF PROGRAMS THAT EXPLORE THE CULTURES REPRESENTED IN THE MUSEUM'S COLLECTION AND EXHIBITIONS, AND WHICH ARE DESIGNED TO REACH ALL LEVELS OF EDUCATION (K-12, COLLEGE, AND ADULT) AND AWARENESS OF ART (NOVICE THROUGH EXPERT). FREE DOCENT-LED TOURS OF THE COLLECTION GALLERIES AND SPECIAL EXHIBITIONS ARE CONDUCTED THROUGHOUT THE DAY. THE MUSEUM'S STORYTELLING CORPS OFFERS ENTERTAINING AND EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS RELATING TO ARTWORKS ON VIEW. SCHOOL PROGRAMS INCLUDE A VARIETY OF INDUSTRY-BASED ACTIVITIES: ALL CLASS TOURS ARE INTERACTIVE AND EMPHASIZE OBSERVATION SKILLS, CRITICAL THINKING, GROUP WORK, AND PEER PRESENTATIONS.
AFTER HOPE: VIDEOS OF RESISTANCEFEB 12, 2021 MAY 2, 2022DESIGNED AS A SET OF THREE INTERRELATED PROGRAMS AN IN-GALLERY PRESENTATION OF MORE THAN 50 SHORT VIDEOS FROM ACROSS ASIA AND THE ASIAN DIASPORA (VIDEOS OF RESISTANCE); A SERIES OF WORKSHOPS, ROUNDTABLE DISCUSSIONS, AND CONVENINGS (INTERNATIONAL WORKING GROUP); AND AN ONLINE PLATFORM (AFTERHOPE.COM) AFTER HOPE EXPLORES THE ROLE OF HOPE IN CONTEMPORARY ART AND ACTIVISM. TEAMLAB: CONTINUITYJUL 15, 2021 FEB 14, 2022STEP INTO AN EXPERIENCE LIKE NO OTHER: AT TEAMLAB: CONTINUITY, YOU BECOME PART OF AN INTERACTIVE MULTIMEDIA LANDSCAPE OF BLOOMING FLOWERS, DARTING FISH, AND SOARING CROWS. LIKENESS AND LEGACY IN KOREAN PORTRAITUREAUG 17, 2021 NOV 29, 2021 RARE 18TH CENTURY PORTRAITS AND CONTEMPORARY WORKS EXPLORE THE DEEP HISTORY OF PORTRAITURE IN KOREAN CULTURE.WEAVING STORIESDEC 17, 2021 MAY 2, 2022VIBRANT TEXTILES FROM ACROSS INDONESIA, THE PHILIPPINES, AND MALAYSIA REVEAL STORIES AS VARIED AS THE REGION'S HUNDREDS OF WEAVING TRADITIONS AND AS UNIVERSAL AS CLOTH. SEEING GENDERJAN 21, 2022 SEP 5, 2022LOOK AT THE MUSEUM'S COLLECTION THROUGH A NEW LENS WITH SEEING GENDER, A FOCUSED SELECTION THAT REVEALS THE COMPLEXITIES AND NUANCES OF GENDER ACROSS ASIAN ART.CARLOS VILLA JUN 17, 2022 OCT 24, 2022CARLOS VILLA: WORLDS IN COLLISION CELEBRATES THE EXUBERANT WORK AND ENDURING INFLUENCE OF SAN FRANCISCO ARTIST CARLOS VILLA (1936 2013). THE FIRST MAJOR MUSEUM RETROSPECTIVE DEDICATED TO THE WORK OF A FILIPINO AMERICAN ARTIST, THIS GROUNDBREAKING EXHIBITION SHOWS US VILLA NOT ONLY AS ONE OF THE MOST IMPORTANT ARTISTS OF HIS GENERATION, BUT ALSO AS A TEACHER, CURATOR, ACTIVIST, AND COMMUNITY ORGANIZER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Fred M Levin Chair | OfficerTrustee | 1 | $0 |
Salle Yoo President | OfficerTrustee | 1 | $0 |
Yogen Dalal Vice President | OfficerTrustee | 1 | $0 |
Gorretti Lo Lui Secretary | OfficerTrustee | 1 | $0 |
Kenneth P Wilcox Treasurer | OfficerTrustee | 1 | $0 |
Akiko Yamazaki Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lenat & Partners Inc Advertising | 6/29/22 | $948,670 |
Why Architecture Architectural Services | 6/29/22 | $501,957 |
Teamlab Inc Exhibition Project Management | 6/29/22 | $574,729 |
Swinerton Builders Construction Cost | 6/29/22 | $552,442 |
W Bradley Electric Inc Installation Services | 6/29/22 | $365,868 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,354,983 |
Fundraising events | $117,251 |
Related organizations | $0 |
Government grants | $9,923,413 |
All other contributions, gifts, grants, and similar amounts not included above | $16,779,333 |
Noncash contributions included in lines 1a–1f | $415,445 |
Total Revenue from Contributions, Gifts, Grants & Similar | $28,174,980 |
Total Program Service Revenue | $2,544,545 |
Investment income | $1,612,709 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $7,613 |
Net Rental Income | $132,954 |
Net Gain/Loss on Asset Sales | $2,429,693 |
Net Income from Fundraising Events | -$88,377 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $571,169 |
Miscellaneous Revenue | $0 |
Total Revenue | $35,440,981 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $1,619,259 |
Compensation of current officers, directors, key employees. | $420,298 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $12,618,091 |
Pension plan accruals and contributions | $1,227,311 |
Other employee benefits | $2,210,084 |
Payroll taxes | $1,041,263 |
Fees for services: Management | $0 |
Fees for services: Legal | $115,859 |
Fees for services: Accounting | $124,193 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $218,564 |
Fees for services: Other | $1,380,732 |
Advertising and promotion | $789,216 |
Office expenses | $652,213 |
Information technology | $456,240 |
Royalties | $0 |
Occupancy | $1,833,208 |
Travel | $147,672 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $76,380 |
Interest | $3,633,653 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,067,031 |
Insurance | $699,791 |
All other expenses | $307,555 |
Total functional expenses | $35,506,285 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,073 |
Savings and temporary cash investments | $8,094,219 |
Pledges and grants receivable | $5,150,828 |
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 | $467,305 |
Prepaid expenses and deferred charges | $337,967 |
Net Land, buildings, and equipment | $114,746,694 |
Investments—publicly traded securities | $76,782,444 |
Investments—other securities | $46,696,956 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $252,285,486 |
Accounts payable and accrued expenses | $4,030,822 |
Grants payable | $0 |
Deferred revenue | $655,367 |
Tax-exempt bond liabilities | $76,483,174 |
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 | $81,169,363 |
Net assets without donor restrictions | $90,394,721 |
Net assets with donor restrictions | $80,721,402 |
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 | $252,285,486 |