Friends of the National Museum of Asian Pacific American History and Culture
Nonprofit profile at a glance
- EIN
- 882944411
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Washington, DC, USA
- Phone
- 7188449674
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $704,508
- Expenses
- $514,784
- Assets
- $272,390
- Liabilities
- $46,777
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- DAVID UY (CHIEF OPERATING OFFICER): $56,802 total reported compensation
- XIN REN (MANAGER OF CONSTITUENTS AND PARTNERSHIPS): $15,397 total reported compensation
- YING YE (PROJECT MANAGER): $11,716 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to attain the authorization and establishment of the national museum of asian pacific american history and culture on the national mall in Washington, dc. We will coordinate and mobilize our network of asian pacific american organizations and constituents to general public awareness, execute initiatives to ensure broad support and implement targeted engagement required to attain authorization of the museum.
What it reported doing in 2024
Friends designs, administers and executes a variety of programs necessary to attain congressional authorization and create a forward-looking dynamic museum. Our main programs are: - communication and awareness - we are driving awareness and growing community support for the efforts of establishing this museum.- task force community outreach - we have formed a task force to gather key apa organizations, historians, academics, local museum and other related institutions that focus on the history and culture of each apa racial and ethnic communities.- technology driven innovation and museum experience - we are exploring the use of innovative and immersive a/r, x/r and ai technology applications for exhibiting design and usage as a technology hub.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 52
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.5%; rating input score 26
- Program expense ratio: 34.9%; rating input score 35
- Fundraising efficiency: $4.05 raised per $1 spent on fundraising; rating input score 13; 13th 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: Limited
- 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: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.9%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 16.3%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 104.4% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 124.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 25.5% of revenue deployed · 34.9% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $180K in reported program spending
- Leadership: top reported pay $57K · 14 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.