Asian American Arts Alliance Inc
Nonprofit profile at a glance
- EIN
- 133480189
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2129419208
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $677,208
- Expenses
- $771,004
- Assets
- $1,126,175
- Liabilities
- $52,058
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- LISA GOLD (EXECUTIVE DIRECTOR)
- REENA JANA (PRESIDENT)
Highest reported compensation
- LISA GOLD (EXECUTIVE DIRECTOR): $140,903 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dedicated to ensuring greater representation, equity and opportunities for asian american artists and cultural organizations through resource sharing, promotion and community building. The alliance builds and supports their community through programs that encourage peer-learning, collaboration and professional development.
What it reported doing in 2024
The asian american arts alliances a4 core programming includes 1 town hall bi-monthly program in which asian american artists and organizations pitch their work in a safe community space to find collaborators and promote projects and opportunities 2 professional development and conversaation series that provide opportunities for peer discussion, practical learning, and critical feedback 3 fellowships, residencies awards van lier and jadin wong fellowships to help emerging artists to develop their talent and help establish them in the professional arts community, and bandung residency to promote black and asian american solidarity, what can we do grants to encourage creative acts of community care 4 civic engagement to bring forth the voices of asiam american artists and arts leaders at local, regional, and national levels in arts arenas through advocacy projects and activities.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.7%; rating input score 87
- Program expense ratio: 75.7%; rating input score 76
- Fundraising efficiency: $13.74 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -13.9%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.46; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 27.9% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 15.7% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 30.9% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 86.7% of revenue deployed · 75.7% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $584K in reported program spending
- Leadership: top reported pay $141K · 14 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Sustainability: Operating margin scored 13/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.