US Asia Institute

What it reported doing in 2024

Professional development programs: American Rule of Law. American law students traveled to China and Hong Kong for a two-week period in May 2024 to learn firsthand about Chinas legal system. This program found them meeting with law professors and students, government and non-government institutions, lawyers and businessmen in Hong Kong, Shanghai, Beijing and Shenzhen. The interactive discussions provided them with a basic knowledge of China and Hong Kongs legal systems, allowing for comparisons to the US rule of law. This was the ninth year of this program. Chinese Rule of Law. The Chinese Rule of Law program brought Chinese law students from three top Chinese universities Tsinghua, Peking University School for Transnational Law and Shanghai Jiao Tongto the US as the program returned to an in-person format. The students were able to meet with Members and staff of Congress, judges at all levels, law students, practicing lawyers, think tanks and others to gain gain insight into the U.S. rule of law system This was the 17th year the program was held. Youth Development Programs The US-Asia Institute continued three youth development programs for Filipino American, Mongolian American, and, for the first time ASEAN Diaspora young leaders. The Thai American National Internship Program took a hiatus due to lack of budget from the Thai government. 3 Thai Americans were included in the ASEAN Diaspora program IMPACT! USAI continued a youth empowerment program for Filipino American young people to provide them the opportunity to build a stronger understanding of how the US government works and how they can make a difference by becoming actively engaged in their communities. The participants were placed in virtual internships around Washington DC to engage with policy and thought leaders firsthand. 8 participants were selected with all participating in person The ASEAN Diaspora welcomed 6 students, all in-person. The Mongolian-US National Civic Engagement Program (MUNCEP) brought 5 students to Washington DC to participate in the program. USAI Internship Program. 18 outstanding young people from around the globe participated in the US-Asia Institutes internship program in 2024. From special high school mentoring programs to short term mini-mester experiences to part and full-time internships, the USAI served as a unique training ground for aspiring young professionals to learn firsthand how government works and the interaction between the government, business, academic and diplomatic communities. The internship was bolstered by weekly Lunch and Learns where USAI trustees, advisors, and contacts offered their unique insights into various issues, career paths, and more. The USAI internship network coupled with the other professional development programs numbers more than 1,000 members. USAI x SGN Cultural Exchange and Community Building: A Path to Professional Success USAI and the Singapore Global Network (SGN) hosted virtual discussion for the ASEAN Diaspora. West Coast Event More than 300 people attended a star-studded special event in Los Angeles July 2, 2024 to celebrate USAIs 45th Anniversary and to address pathways forward from Asian Hate to positive community engagement. USAI Founding Family icon Nancy Tom was honored with a special award along with Congresswoman Judy Chu and community organizer and activist Bill Imada.

Financial Efficiency

• Mission deployment rate: 91.8%; rating input score 92
• Program expense ratio: 68.4%; rating input score 68
• Fundraising efficiency: $5.06 raised per $1 spent on fundraising; rating input score 18; 18th 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: 92.9%; rating input score 93; 24th percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • 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: Fail

Sustainability

• Operating margin: -30%; rating input score 6; 6th percentile among comparable filings
• Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.66; rating input score 11; 11th percentile among comparable filings
• Officer compensation ratio: 16.5%; rating input score 20; 20th percentile among comparable filings

Growth

• Program expense growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
• Revenue growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 7.1% per year; rating input score 100; 48th percentile among comparable filings