Asian American Federation Inc

What it reported doing in 2024

1) we strengthened asian american nonprofits serving New York: a) we successfully co-led the asian american pacific islander equity budget coalition to secure $30 million from New York state to fund over 136 organizations across the state. B) we supported 62 organizations with $14.6m in funding to power their work for New York's most vulnerable asian americans. C) through aaf's nonprofit resiliency series, trained 72 executive directors and other senior leaders in leadership and strategy; financial leadership and sustainability; power and influence; and trust and retention.(continuted on schedule o)2) we protected our community's safety and wellbeing: a) our hope against hate campaign has trained over 4,800 community members across 300+ workshops in situational awareness, conflict de-escalation, upstander intervention, and self-defense skills, in close partnership with our member and partner organizations. In 2025 aaf and our partners trained 600 community companions to accompany vulnerable community members. B) launched a mental health hub to serve as a one-stop shop for nonprofits and community members to access mental health information and resources in 5 asian languages (e.g. Arabic, bangla, chinese, hindi, and korean). Expanded our asian mental health directory to over 500 New York mental health providers, who, combined, speak 19 asian languages3) we invested in stronger local neighborhoods: a) provided 120 asian small businesses with direct technical assistance and trainings to support their operations

Financial Efficiency

• Mission deployment rate: 93.2%; rating input score 93
• Program expense ratio: 89.1%; rating input score 89
• Fundraising efficiency: $30.76 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.9%; rating input score 100; 40th 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; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -4.4%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 0.88; rating input score 31; 31st percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 37; 37th percentile among comparable filings
• Officer compensation ratio: 5.8%; rating input score 44; 44th percentile among comparable filings

Growth

• Program expense growth: 29.5% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: 26.5% per year; rating input score 100; 95th percentile among comparable filings
• Asset growth: 27.9% per year; rating input score 100; 95th percentile among comparable filings