Asian American Foundation for the Carolinas
Nonprofit profile at a glance
- EIN
- 871256897
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Charlotte, NC, USA
- Phone
- 7046216668
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Limited
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $58,924
- Expenses
- $50,245
- Assets
- $32,969
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- NINA BAUTISTA (Chairman)
- CATHERINE CHANG (Director)
- JOHN C CHEN (Executive Dir.)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
PROMOTING ASIAN CULTURES AND LIFESTYLES AND CELEBRATING THE CAROLINAS ASIAN AMERICAN COMMUNITYTo EMPOWER Asian Americans in the Charlotte region, the Carolinas, and elsewhere, and to provide a forum that celebrates our cultural heritage.To ENCOURAGE leaders to engage with the Asian American community, and to give us an active role in developing an inclusive future in our region.To INSPIRE our community and to promote our strength in diversity and our power in unity.To INFORM local and global readers alike of vital issues from an Asian perspective, to promote healthy dialogue, and to establish positive influences for progress, To ENTERTAIN and share the best of our cultures, remaining proud Carolinians and loyal Americans, while retaining our indomitable Asian values and spirit.
What it reported doing in 2024
The association proudly provided grants to multiple asian americans to assist them in furthering their training and education in order to help them gain employment opportunities.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 49
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62%; rating input score 62
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 14.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 62% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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 — Sustainability: Total-asset coverage ratio scored 36/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.