2024-03-25T10:49:09-05:00 2023-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-07-01 133234632 THE ASIA SOCIETY ASIA 2122886400 725 PARK AVENUE NEW YORK NY 100215088 DEBRA EISENMAN EVP & CHIEF OPERATING OFFICER 2122886400 2024-03-22 1 DEBRA EISENMAN 999009999 0 TOBY RUTH FRIEDMAN KERSLAKE P01875806 2127589700 2024-03-18 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBRA EISENMAN 725 PARK AVENUE NEW YORK NY 100215088 34960205 0 X WWW.ASIASOCIETY.ORG X 1956 NY THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION, SEE SCHEDULE O. 62 61 197 35 0 0 22316692 22955642 549605 808300 6799216 4241521 582792 2400369 30248305 30405832 1299055 1688041 0 0 15915711 17581876 0 0 2826504 13507825 12839474 30722591 32109391 -474286 -1703559 123272284 122919115 17572566 16513742 105699718 106405373 X THE SOCIETY IS AN INTERNATIONAL NONPROFIT, NONPARTISAN ORGANIZATION WHICH CONNECTS PEOPLE AND INSTITUTIONS IN ASIA AND THE WORLD TO BUILD UNDERSTANDING, ADDRESS CHALLENGES AND MAXIMIZE OPPORTUNITIES. 0 0 10731193 526696 215380 POLICY AND BUSINESS PROGRAM DIVISION - THE ASIA SOCIETY POLICY INSTITUTE HAS BEEN RANKED IN THE TOP 1% OF THINK TANKS AROUND THE WORLD BY THE UNIVERSITY OF PENNSYLVANIA'S THINK TANKS AND CIVIL SOCIETY'S PROGRAM. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. FOR MORE INFORMATION, SEE SCHEDULE O. 5552845 67500 436767 ART AND CULTURAL PROGRAMS DIVISION - THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES, AND SYMPOSIA. FOR MORE INFORMATION, SEE SCHEDULE O. 2085254 COMMUNICATIONS DIVISION - THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES - SINCE THE PANDEMIC, THIS HAS BECOME MORE IMPORTANT THAN EVER. THE WORK OF THE ONLINE OUTREACH DIVISION INCLUDES CONTRIBUTIONS FROM HEADQUARTERS AS WELL AS OUR THIRTEEN OTHER CENTERS AROUND THE WORLD. IT OVERSEES THE WEBSITE WHICH PROVIDES INFORMATION ABOUT ASIA SOCIETY PROGRAMS AS WELL AS CONTENT GENERATED SPECIFICALLY FOR THE SITE ON TOPICS OF CURRENT INTEREST. FOR MORE INFORMATION, SEE SCHEDULE O. 4060813 1093845 156153 4060813 1093845 156153 22430105 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 193 0 1 197 1 0 1 CH 0 0 0 1 1 0 0 0 0 0 0 X 62 61 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AL AK AZ CA CO CT DC FL GA HI IL KS KY LA ME MD MI MN MS MO NV NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X DEBRA EISENMAN 2123279343 725 PARK AVENUE NEW YORK NY 100215088 HAMID BIGLARI VICE CHAIR 1.00 0.00 X X 0 0 0 CHAN HENG CHEE CO-CHAIR 1.00 0.00 X X 0 0 0 BETSY Z COHEN VICE CHAIR & SECRETARY 1.00 0.00 X X 0 0 0 ROBERT NIEHAUS TREASURER 1.00 0.00 X X 0 0 0 JOHN L THORNTON CO-CHAIR 1.00 0.00 X X 0 0 0 LULU C WANG VICE CHAIR 1.00 0.00 X X 0 0 0 NICOLAS AGUZIN TRUSTEE 1.00 0.00 X 0 0 0 HRH TURKI AL FAISAL TRUSTEE 1.00 0.00 X 0 0 0 EDWARD R ALLEN III TRUSTEE 1.00 0.00 X 0 0 0 ISAAC APPLBAUM TRUSTEE 1.00 0.00 X 0 0 0 MOHIT ASSOMULL TRUSTEE 1.00 0.00 X 0 0 0 NICOLAS BERGGRUEN TRUSTEE 1.00 0.00 X 0 0 0 J FRANK BROWN TRUSTEE 1.00 0.00 X 0 0 0 RABBI ANGELA BUCHDAHL TRUSTEE - EFFECTIVE 10/2022 1.00 0.00 X 0 0 0 MICHAEL S CHAE TRUSTEE 1.00 0.00 X 0 0 0 ALBERT CHAO TRUSTEE 1.00 0.00 X 0 0 0 PURNENDU CHATTERJEE TRUSTEE 1.00 0.00 X 0 0 0 DUNCAN CLARK TRUSTEE 1.00 0.00 X 0 0 0 HENRY CORNELL TRUSTEE 1.00 0.00 X 0 0 0 FREDERICK M DEMOPOULOS TRUSTEE 1.00 0.00 X 0 0 0 SERGE DUMONT TRUSTEE 1.00 0.00 X 0 0 0 J MICHAEL EVANS TRUSTEE 1.00 0.00 X 0 0 0 JAMSHYD GODREJ TRUSTEE 1.00 0.00 X 0 0 0 FILIPPO GORI TRUSTEE 1.00 0.00 X 0 0 0 EVAN G GREENBERG TRUSTEE 1.00 0.00 X 0 0 0 SUSAN S HAKKARAINEN TRUSTEE 1.00 0.00 X 0 0 0 GEORGE G HICKS TRUSTEE 1.00 0.00 X 0 0 0 DORIS MAGSAYSAY HO TRUSTEE 1.00 0.00 X 0 0 0 W BRADFORD HU TRUSTEE 1.00 0.00 X 0 0 0 STEPHANIE HUI TRUSTEE 1.00 0.00 X 0 0 0 OMAR ISHRAK TRUSTEE 1.00 0.00 X 0 0 0 SANGITA JINDAL TRUSTEE - EFFECTIVE 10/2022 1.00 0.00 X 0 0 0 MITCHELL R JULIS TRUSTEE - END 10/2022 1.00 0.00 X 0 0 0 K S SONNY KALSI TRUSTEE 1.00 0.00 X 0 0 0 ADRIAN T KELLER TRUSTEE 1.00 0.00 X 0 0 0 MAHMOOD J KHIMJI TRUSTEE 1.00 0.00 X 0 0 0 JAMES KONDO TRUSTEE 1.00 0.00 X 0 0 0 LEE HONG-KOO TRUSTEE - END 03/2023 1.00 0.00 X 0 0 0 KUO CHUAN KC KUNG TRUSTEE - EFFECTIVE 10/2022 1.00 0.00 X 0 0 0 CHONG-MOON LEE TRUSTEE 1.00 0.00 X 0 0 0 IDO LEFFLER TRUSTEE - END 10/2022 1.00 0.00 X 0 0 0 JOSEPHINE LINDEN TRUSTEE 1.00 0.00 X 0 0 0 IDA LIU TRUSTEE 1.00 0.00 X 0 0 0 JEAN LIU TRUSTEE 1.00 0.00 X 0 0 0 GEOFF MARTHA TRUSTEE 1.00 0.00 X 0 0 0 ASHEET MEHTA TRUSTEE 1.00 0.00 X 0 0 0 JOHN D NEGROPONTE TRUSTEE 1.00 0.00 X 0 0 0 GAONING FRANK NING TRUSTEE - END 03/2023 1.00 0.00 X 0 0 0 THIERRY PORTE TRUSTEE 1.00 0.00 X 0 0 0 EMILY K RAFFERTY TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN RIADY TRUSTEE 1.00 0.00 X 0 0 0 GARY RIESCHEL TRUSTEE 1.00 0.00 X 0 0 0 CHARLES P ROCKEFELLER TRUSTEE 1.00 0.00 X 0 0 0 NICOLAS ROHATYN TRUSTEE 1.00 0.00 X 0 0 0 DENISE SAUL TRUSTEE - END 02/2023 1.00 0.00 X 0 0 0 STEPHEN A SCHWARZMAN TRUSTEE 1.00 0.00 X 0 0 0 NEIL SHEN TRUSTEE 1.00 0.00 X 0 0 0 DONG BIN SHIN TRUSTEE 1.00 0.00 X 0 0 0 KATIE SOO TRUSTEE 1.00 0.00 X 0 0 0 JANE JIE SUN TRUSTEE 1.00 0.00 X 0 0 0 Y PING SUN TRUSTEE 1.00 0.00 X 0 0 0 HARIT TALWAR TRUSTEE 1.00 0.00 X 0 0 0 ERNIE THRASHER TRUSTEE 1.00 0.00 X 0 0 0 MARK E TUCKER TRUSTEE 1.00 0.00 X 0 0 0 EUNICE ZEHNDER-LAI TRUSTEE 1.00 0.00 X 0 0 0 JAMES D ZIRIN TRUSTEE 1.00 0.00 X 0 0 0 FERNANDO ZOBEL DE AYALA TRUSTEE 1.00 0.00 X 0 0 0 KEVIN M RUDD - END 032023 PRESIDENT & CEO/PRESIDENT, ASPI 40.00 0.00 X X 984222 0 47633 DEBRA EISENMAN CHIEF OPERATING OFFICER 40.00 0.00 X 271187 0 65101 PAULA HUNKER - END 102022 CHIEF ADMINISTRATIVE OFFICER 40.00 0.00 X 239751 0 29462 JULIA NELSON CFO 40.00 0.00 X 295155 0 15099 SHANE WILLIAMS-NESS CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 270017 0 32251 WENDY CUTLER VP & MD, WASHINGTON DC OFFICE 40.00 0.00 X 325178 0 18485 DANIEL RUSSEL VP, INT'L SECURITY AND DIPLOMACY 40.00 0.00 X 325750 0 17997 ORVILLE SCHELL VP, CTR US-CHINA REL/ARTHUR ROSS DIR 40.00 0.00 X 310725 0 33362 SHERIAN ABRAMAITYS-YI MD, PEOPLE & CULTURE - END 05/2023 40.00 0.00 X 269267 0 4505 AALOK KANANI - EFFECTIVE 22022 CHIEF DIGITAL & COMM. OFFICER 40.00 0.00 X 240734 0 10319 MICHELLE YUN MAPPLETHORPE FORMER VP, GBL ART & DIR. AS MUSEUM 0.00 0.00 X 124352 0 34438 3656338 0 308652 45 1 1 0 VELOCITY GLOBAL LLC 3858 WALNUT ST SUITE 101 DENVER CO 80205 PROFESSIONAL SERVICES 182211 PATTERSON BELKNAP WEBB & TYLER LLP 1133 AVENUE OF THE AMERICAS NEW YORK NY 100366710 LEGAL SERVICES 172548 KPMG LLP 3 CHESTNUT RIDGE ROAD MONTVALE NJ 07645 AUDIT AND TAX SERVICES 159452 UNIVERSAL SERVICES OF AMERICA LP BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 159088 SOLOMON-PAGE GROUP PO BOX 75314 CHICAGO IL 606755314 PROFESSIONAL SERVICES 120363 8 1254108 1525657 444083 19731794 1980344 22955642 CO-SPONSOR FEE 900099 339345 339345 PROGRAM ADMISSION FEES 900099 221103 221103 GLOBAL POL. & BUSINESS 900099 200299 200299 EDUCATIONAL PROG. REV. 900099 47553 47553 808300 1187480 1187480 367024 367024 387405 260 387145 387145 387145 7135896 4081855 3054041 3054041 3054041 427604 1525657 376911 50693 50693 240814 95347 145467 145467 EMPLOYEE RET. CREDIT 900099 1450040 1450040 1450040 30405832 808300 0 6641890 X 182500 182500 1505541 1505541 2362156 1115327 822762 424067 12260114 8792400 2206561 1261153 443694 313056 91527 39111 1474118 1069306 220553 184259 1041794 730383 177544 133867 231870 56927 174878 65 151155 151155 440336 440336 3854007 3153469 551579 148959 78075 78075 1524134 925630 366949 231555 1326711 388772 797575 140364 1202506 1012396 140955 49155 1192490 1061865 93284 37341 84284 73051 6879 4354 528981 428029 72067 28885 1105795 900922 143846 61027 354228 73097 281131 EQUIP RENTAL & MAINT 668180 492356 98615 77209 PRINTING & PUBLICATIONS 96722 77003 14586 5133 32109391 22430105 6852782 2826504 11852272 4611833 537932 4247981 9890130 10540067 256721 293467 83182 76648 491077 550180 57030207 40312199 17666445 16718008 32231475 36220044 50119653 48592384 143397 1068503 123272284 122919115 3328602 2321505 14243964 13836828 0 355409 17572566 16513742 X 1791569 534102 103908149 105871271 105699718 106405373 123272284 122919115 X -1703559 2679542 -270328 X 0 1 X 1 0 X 30016705 24830431 26158222 22316692 22955642 126277692 30016705 24830431 26158222 22316692 22955642 126277692 19392286 106885406 1489580 1293305 1139514 1299768 1941909 7164076 1594764 686662 224773 612886 2118458 5237543 138679311 5166385 0.77070 0.80400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM SPECIAL EVENT - 2018 AMOUNT: $ 984,421. 2019 AMOUNT: $ 364,503. 2020 AMOUNT: $ 146,668. 2021 AMOUNT: $ 469,645. 2022 AMOUNT: $ 427,604. GROSS INCOME FROM GAMING ACTIVITIES - 2018 AMOUNT: $ 83,660. GROSS SALE OF INVENTORY - 2018 AMOUNT: $ 526,683. 2019 AMOUNT: $ 322,159. 2020 AMOUNT: $ 78,105. 2021 AMOUNT: $ 143,241. 2022 AMOUNT: $ 240,814. EMPLOYEE RETENTION CREDIT - 2022 AMOUNT: $ 1,450,040. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 77710397 6044556 4492839 79262114 94301820 -11728747 4862676 77710397 75740096 9839 23212337 4660452 94301820 79320348 5135 1168801 4754188 75740096 69851751 9039976 4081891 3653270 79320348 0.02322 0.97679 0 0 2032010 2032010 39266612 25442572 13824040 15731585 14869627 861958 16718008 LONG/SHORT HEDGE FUNDS 8523741 F ABS. RETURN HEDGE FUNDS 17896435 F OTHER FUND OF FUNDS 3931865 F EMERGING MKT SECURITIES 5355473 F PRIVATE EQUITY 10522856 F DEVELOP. MKT EQUITY TRUST 2362014 F 48592384 LEASE LIABILITY UNDER OPERATING LEASE 355409 355409 X 32419624 2679542 -270328 2409214 30010410 440336 -44914 395422 30405832 31713969 44914 44914 31669055 440336 440336 32109391 PART III, LINE 1A: COLLECTION ITEMS THE ASIA SOCIETY MUSEUM COLLECTION IS NOTED FOR ITS MASTERPIECE-QUALITY OBJECTS AND THE SCHOLARLY IMPORT AWARDED TO THESE PIECES OF TRADITIONAL AND CONTEMPORARY ART. THE COLLECTION INCLUDES THE ROCKEFELLER COLLECTION, WHICH IS PAN-ASIAN AND INCLUDES APPROXIMATELY 300 OBJECTS, RANGING IN DATE FROM THE SECOND MILLENNIUM B.C.E. TO THE 18TH CENTURY, FROM SUCH DIVERSE NATIONS AS INDIA, PAKISTAN, BANGLADESH, NEPAL, MYANMAR, THAILAND, CAMBODIA, VIETNAM, INDONESIA, CHINA, KOREA, AND JAPAN. IT ALSO INCLUDES A LARGE NUMBER OF BRONZE SCULPTURES AND CERAMICS, AS WELL AS PAINTINGS, WOODEN SCULPTURES, AND OTHER DECORATIVE ARTS. MOST OF THE ROCKEFELLER COLLECTION WAS DONATED TO THE SOCIETY IN 1979. ADDITIONS SINCE THAT TIME CONSIST OF DONATIONS FROM THE ESTATE OF MRS. BLANCHETTE ROCKEFELLER, A FEW NOTABLE WORKS FROM OTHER DONORS AND MORE RECENTLY A COLLECTION OF CONTEMPORARY ART FOCUSED ON VIDEO ART AND PHOTOGRAPHY. IN ADDITION TO FREQUENT DISPLAYS IN THE EXHIBITION GALLERIES AT THE SOCIETY, SELECTED WORKS FROM THE COLLECTION ARE ALSO SHOWN AS PART OF SPECIAL EXHIBITIONS EITHER AT THE SOCIETY OR IN MUSEUMS THROUGHOUT THE WORLD. WHEN NOT ON DISPLAY AT THE SOCIETY OR ON LOAN TO MUSEUMS FOR TEMPORARY EXHIBITIONS, THE OBJECTS ARE MAINTAINED IN CLIMATE-CONTROLLED STORAGE. THE SOCIETY MAINTAINS POLICIES AND PROCEDURES ADDRESSING THE ROCKEFELLER COLLECTION'S UPKEEP AS WELL AS OTHER ASPECTS OF ITS MANAGEMENT, INCLUDING ACCESSION/DEACCESSION POLICIES. THE SOCIETY HAS ADOPTED THE POLICY OF NOT CAPITALIZING ITS COLLECTION. DURING 2023 AND 2022, NO ART WAS ACQUIRED WITH DONOR-RESTRICTED FUNDS. PART III, LINE 4: ASIA SOCIETY'S COLLECTION FURTHERS THE EXEMPT PURPOSE OF THE ORGANIZATION BY PRESERVING ASIAN ART WORK FOR PUBLIC VIEWING AND IS USED IN EDUCATIONAL EXHIBITIONS AND PUBLICATIONS. PART V, LINE 4: THE PURPOSE OF THE ASIA SOCIETY'S ENDOWMENT FUNDS IS TO SUPPORT ITS OPERATING AND CAPITAL NEEDS INCLUDING SUPPORT OF THE SOCIETY'S PROGRAMS, BUILDINGS AND MAINTENANCE OF ITS ART COLLECTION. PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME ACTIVITIES. IN ADDITION, THE SOCIETY IS TAX-EXEMPT FROM STATE AND LOCAL INCOME TAX FOR RELATED ACTIVITIES, PROPERTY TAXES, AND SALES TAX. THE SOCIETY HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND THAT IT WILL CONTINUE TO BE EXEMPT FROM TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAPS 571,364. UNCOLLECTIBLE PRIOR YEAR PLEDGES -79,296. TRANSFER OF NET ASSETS -762,396. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF COGS -95,347. RECLASS OF SPECIAL EVENTS 50,693. RECLASS OF RENTAL EXPENSES -260. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COGS 95,347. RECLASS OF SPECIAL EVENTS -50,693. RECLASS OF RENTAL EXPENSES 260. 1 EAST ASIA AND THE PACIFIC 0 3 PROGRAM SERVICES CONSULTANT 145998 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES EDITOR 3500 SOUTH ASIA 0 0 LEGAL SERVICES 4000 EUROPE 0 6 PROGRAM SERVICES CONSULTANT 512187 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCE 218464 EUROPE 0 0 PROGRAM SERVICES DOCUMENTARY AND ONLINE DATA VISUALIZATION 35541 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCE 26060 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 974814 EUROPE 0 0 GRANTMAKING 210335 SOUTH ASIA 0 0 GRANTMAKING 310392 EUROPE 0 0 AWARDS 5000 EAST ASIA AND THE PACIFIC 0 0 AWARDS 5000 CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS 23791775 EUROPE 0 0 INVESTMENTS 3380110 0 10 0 0 0 10 1920564 27702612 29623176 EAST ASIA AND THE PACIFIC SUPPORT-PT V 299710 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 583800 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 91304 WIRE TRANSFER 0 SOUTH ASIA SUPPORT-PT V 255392 WIRE TRANSFER 0 SOUTH ASIA SUPPORT-PT V 55000 WIRE TRANSFER 0 EUROPE SUPPORT-PT V 210335 WIRE TRANSFER 0 5 1 AWARDS EAST ASIA AND THE PACIFIC 1 5000 WIRE TRANSFER AWARDS EUROPE 1 5000 WIRE TRANSFER 1 0 1 1 1 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART I, LINE 2 MONITORING THE USE OF GRANTS OUTSIDE THE UNITED STATES INTERNATIONAL GRANTS WERE MADE TO THE ASIA SOCIETY AFFILIATES IN AUSTRALIA, FRANCE, HONG KONG, INDIA AND JAPAN. THE PURPOSE OF THESE GRANTS IS TO SUPPORT THE MISSION OF THE CENTERS IN NAVIGATING SHARED FUTURES FOR ASIA AND THE WORLD IN THE FIELDS OF ARTS AND CULTURE, BUSINESS AND POLICY. THE USE OF THESE GRANTS IS MONITORED THROUGH MONTHLY CONFERENCE CALLS AND QUARTERLY FINANCIAL REPORTING. AWARDS ARE ALSO MADE TO THOSE WHO SUPPORT ASIA SOCIETY'S MISSION INCLUDING IMPACTFUL JOURNALISM KNOWN TO INFORM THE PUBLIC ABOUT ASIA. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (D) ACTIVITIES CONDUCTED IN EAST ASIA AND THE PACIFIC INCLUDE SIX MEETING AND CONFERENCES: SINGAPORE TASK FORCE, ASIA CLIMATE SUMMIT, TASK FORCE ON US-CHINA POLICY, ASPI ETS STUDY TOUR, ASIA 21 SUMMIT AND MALAYSIA LAUNCH-DATA AND AI REPORT. ONE PROJECT IN EUROPE: GREENLAND CLIMATE PROJECT. ONE CONFERENCE IN SOUTH ASIA: INDIA ETS WORKSHOP. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F) ASIA SOCIETY REPORTS EXPENDITURES ON THE ACCRUAL BASIS. FORM 990, SCHEDULE F, PART II, LINE 1, COLUMN (D) PURPOSE OF GRANT THE PURPOSE OF THE INTERNATIONAL GRANTS MADE IN FY23 WAS TO SUPPORT THE ASIA SOCIETY AUSTRALIA, FRANCE, HONG KONG, INDIA AND JAPAN CENTERS, AS WELL AS THE COUNCIL ON ENERGY ENVIRONMENT AND WATER. X X X X X X 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NC NV OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL DINNER 1351511 1085593 265918 120294 122487 S. CALI DINNER 322850 215732 107118 84848 1 278900 224332 54568 24221 25061 1953261 1525657 427604 144515 232396 376911 50693 1 JAPANESE ART SOCIETY OF AMERICA (UKIYO-E SOCIETY OF AMERICAINC) PO BOX 394 LEXINGTON MA 02420 132778597 501(C)(3) 67500 0 MEIJI MODERN - CARPENTER FOUNDATION FUNDS FOR CATALOGUE THE YEARS PROJECT INC 4 GLENDALE DR MELVILLE NY 11747 831071156 501(C)(3) 90000 0 GREENLAND CLIMATE PROJECT UNIVERSITY OF CALIFORNIA REGENTS 9500 GILMAN DRIVE 0954 LA JOLLA CA 92093 956006144 501(C)(3) 25000 0 TASK FORCE ON US-CHINA POLICY 3 0 FORM 990, SCH I, PART I, LINE 2 MONITORING THE USE OF GRANTS IN THE UNITED STATES ASIA SOCIETY HAS AN ONGOING MULTI YEAR RELATIONSHIP WITH OUR GRANT RECIPIENTS AND MONITORS THEIR WORK AND GRANT FUND USAGE THROUGH THIS RELATIONSHIP. ASIA SOCIETY RECEIVES REPORTS FROM GRANTEES (USUALLY ANNUALLY), PER PROVIDED GUIDELINES, ON WORK COMPLETED AND EXPENSES INCURRED DURING THE PERIOD AT THE ACCOUNT LEVEL. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 KEVIN M RUDD - END 032023 PRESIDENT & CEO/PRESIDENT, ASPI 743826 0 0 0 240396 0 17400 0 30233 0 1031855 0 0 0 ORVILLE SCHELL VP, CTR US-CHINA REL/ARTHUR ROSS DIR 309218 0 271 0 1236 0 17400 0 15962 0 344087 0 0 0 DANIEL RUSSEL VP, INT'L SECURITY AND DIPLOMACY 324988 0 0 0 762 0 17400 0 597 0 343747 0 0 0 WENDY CUTLER VP & MD, WASHINGTON DC OFFICE 324500 0 0 0 678 0 17400 0 1085 0 343663 0 0 0 DEBRA EISENMAN CHIEF OPERATING OFFICER 271133 0 0 0 54 0 16969 0 48132 0 336288 0 0 0 JULIA NELSON CFO 280859 0 13900 0 396 0 0 0 15099 0 310254 0 0 0 SHANE WILLIAMS-NESS CHIEF DEVELOPMENT OFFICER 255699 0 14180 0 138 0 15669 0 16582 0 302268 0 0 0 SHERIAN ABRAMAITYS-YI MD, PEOPLE & CULTURE - END 05/2023 248243 0 0 0 21024 0 600 0 3905 0 273772 0 0 0 PAULA HUNKER - END 102022 CHIEF ADMINISTRATIVE OFFICER 206601 0 12650 0 20500 0 12553 0 16909 0 269213 0 0 0 AALOK KANANI - EFFECTIVE 22022 CHIEF DIGITAL & COMM. OFFICER 240734 0 0 0 0 0 0 0 10319 0 251053 0 0 0 MICHELLE YUN MAPPLETHORPE FORMER VP, GBL ART & DIR. AS MUSEUM 124307 0 0 0 45 0 7096 0 27342 0 158790 0 0 0 PART I, LINE 1A IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT, FIRST CLASS TRAVEL IS PROVIDED FOR THE PRESIDENT AND CEO. THIS IS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSON USE: THE CURRENT PRESIDENT IS PROVIDED A HOUSING ALLOWANCE. THIS IS TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THEIR FORM W-2. PART I, LINE 7 CERTAIN OFFICERS ARE ELIGIBLE FOR A PERFORMANCE BONUS BASED ON ACHIEVEMENTS OF PRE-ESTABLISHED GOALS. ACTUAL BONUSES ARE RECOMMENDED BY THE PRESIDENT AND CEO AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. BONUSES PAID DURING THE CALENDAR YEAR ARE REPORTING ON SCHEDULE J, PART II, COLUMN (B)(II). A BUILD NYC RESOURCE CORPORATION SERIES 2015 454040561 000000000 2015-07-01 16795000 REFIN 2000 TAX-EXEMPT BOND 0 0 0 A 2345000 16795000 335900 97499 16361601 2015 1 0 1 1 A 0 0 0 1 1 1 TORONTO DOMINION 30.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: 2015 BOND ISSUE (A) ISSUER NAME: BUILD NYC RESOURCE CORPORATION (F) DESCRIPTION OF PURPOSE: REFINANCE AN OUTSTANDING 2000 TAX-EXEMPT BOND ISSUE (WHICH HAD BEEN USED TO FINANCE DESIGN, CONSTRUCTION AND RENOVATION OF EXISTING BUILDING) AND FINANCE COST OF ISSUING BOND. SCHEDULE K, PART IV, ARBITRAGE: THE REBATE COMPUTATION WAS PERFORMED FOR THE TAX YEAR ENDING 06/30/2020 AS NOTED IN THE REBATE REPORT DATED 07/08/2020. MITCHELL R JULIS TRUSTEE 479618 CAP CONTRIB 0 SHAY WESTER FAMILY MEMBER OF TRUSTEE 133666 FAMILY MEMBER COMPENSATED BY ORGANIZATION 0 FORM 990, SCHEDULE L, PART IV, ITEM (1) IN NOVEMBER 2019, THE ASIA SOCIETY MADE A CAPITAL COMMITMENT TO A FUND OWNED AND MANAGED BY AN AFFILIATE OF CANYON PARTNERS, LLC. MITCHELL JULIS, TRUSTEE, IS THE CO-FOUNDER, CO-CHAIRMAN AND CO-CEO OF CANYON PARTNERS, LLC AND OWNS AND CONTROLS AN INTEREST IN CANYON PARTNERS, LLC. THIS INVESTMENT WAS FOR THE SOCIETY'S ENDOWMENT. THE CANYON PARTNERS FUND WAS ONE OF THREE FUNDS PRESENTED BY ASIA SOCIETY'S OUTSIDE INVESTMENT ADVISOR TO THE SOCIETY'S INVESTMENT COMMITTEE FOR CONSIDERATION. THE INVESTMENT COMMITTEE APPROVED THE INVESTMENT BASED ON THE ADVISOR'S RECOMMENDATION AND SUBSEQUENT DISCUSSION. MR. JULIS IS NOT A MEMBER OF THE INVESTMENT COMMITTEE. THE AMOUNT REPORTED ON SCHEDULE L, PART IV IS THE AMOUNT OF THE CAPITAL CONTRIBUTIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2023. X 20 1924244 AVERAGE MARKET PRICE X AUCTION 27 56100 PER AUCTION PRICE 0 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED ON COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. SCHEDULE M, LINE 31: THE ASIA SOCIETY HAS A GIFT ACCEPTANCE POLICY PERTAINING TO THE REVIEW OF POTENTIAL CONTRIBUTIONS OF ART. SCHEDULE M, LINE 32B: ASIA SOCIETY USED A THIRD PARTY TO DESIGN AND EXECUTE THE AUCTION. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION WHICH CONNECTS PEOPLE AND INSTITUTIONS IN ASIA AND THE WORLD. FORM 990, PART III, LINE 4A POLICY AND BUSINESS PROGRAMS DIVISION THE ASIA SOCIETY POLICY INSTITUTE HAS BEEN RANKED IN THE TOP 1% OF THINK TANKS AROUND THE WORLD BY THE UNIVERSITY OF PENNSYLVANIA'S THINK TANKS AND CIVIL SOCIETY'S PROGRAM. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. WITH TOP-LEVEL SENIOR STAFF, EXPERT FELLOWS, AND THE PREMIER ASIA-WIDE NETWORK OF ADVISORS AND CONTENT-SPECIFIC EXPERTS, ASPI PROVIDES A UNIQUE PLATFORM FOR POLICY DEVELOPMENT IN EXPLAINING AS WELL AS OFFERING UNIQUE POLICY SOLUTIONS FOR GLOBAL CHALLENGES. IT BOASTS AN ASIA-WIDE SCOPE, AND ENGENDERS BROAD INPUT AND PARTICIPATION FROM BUSINESS AND POLICY LEADERS, BRINGING DISPARATE VIEWS TOGETHER THROUGH ITS RENOWNED CONVENING AND RESEARCH CAPABILITIES. THIS FORMULA IS UNIQUELY SUITED TO ADVANCING INTERNATIONAL COOPERATION AND EFFECTIVE POLICYMAKING DURING A CENTURY IN WHICH ASIA'S INFLUENCE IS INCREASINGLY GAINING PROMINENCE. KEY ASPI INITIATIVES AND REPORTS INCLUDE A HIGH-LEVEL POLICY COMMISSION ON GETTING ASIA TO NET ZERO WHICH BRINGS TOGETHER LEADERS FROM ASIA TO ACCELERATE THE REGIONAL TRANSITION TO ZERO EMISSIONS; A TRADE INITIATIVE IN WHICH SENIOR TRADE EXPERTS PROVIDE POLICYMAKERS WITH RECOMMENDATIONS ON HOW TO ADVANCE REGIONAL AND BILATERAL TRADE AGREEMENTS IN AN INCREASINGLY COMPLEX TRADE LANDSCAPE; AND A CLIMATE CHANGE INITIATIVE WHICH SEEKS TO ENCOURAGE AND CONTRIBUTE TO CHINA'S NATIONAL EMISSIONS TRADING SYSTEM POLICY THROUGH PROVIDING INPUT ON DESIGN AND BUILDING REGIONAL AND INTERNATIONAL CONNECTIONS. ASPI ALSO OFFERS PROGRAMS FOR YOUNG FEMALE PROFESSIONALS IN TRADE AND CLIMATE/ENERGY TO ENABLE THEM TO GAIN EXPERIENCE AND BUILD THEIR NETWORKS. A NEW CENTER WAS CREATED IN ASPI, THE CENTER FOR CHINA ANALYSIS, TO PROVIDE POLICY-RELEVANT, OBJECTIVE ANALYSIS OF CHINA'S POLITICS, ECONOMY, AND SOCIETY AND ITS IMPACT ON THE REGION AND THE WORLD. THE CENTER ON U.S.-CHINA RELATIONS COMPLEMENTS THE WORK OF THE ASIA SOCIETY POLICY INSTITUTE, FOCUSING ON DIVERSE ISSUES IN CHINA AND THE U.S. IT WAS ESTABLISHED TO MEET THE NEED FOR A DEEPER UNDERSTANDING BETWEEN THE TWO COUNTRIES AND PROMOTE PUBLIC DIALOGUE IN ORDER TO STRENGTHEN U.S.-CHINA RELATIONS. THE CENTER ALSO CONVENES STAKEHOLDERS TO WORK ON MAJOR CHALLENGES AND EDUCATES THE AMERICAN AND INTERNATIONAL PUBLIC ON U.S.-CHINA ISSUES, COMMENTING ON AND DISTRIBUTING TIMELY INFORMATION ON CRITICAL TOPICS AND CURRENT EVENTS. ITS WORK SPANS ARTS AND CULTURE, POLICY, SUSTAINABILITY, AND ECONOMICS. IN ADDITION, ASIA SOCIETY PRODUCES CHINAFILE, AN ONLINE PUBLICATION FEATURING ARTICLES, PHOTOGRAPHY, AND MULTIMEDIA FROM AND ABOUT CHINA. THE ASIA 21 INITIATIVE BRINGS TOGETHER SOME OF THE MOST DYNAMIC NEXT GENERATION LEADERS, ALL UNDER THE AGE OF 40 FROM ASIA AND THE U.S., TO EXPLORE IMAGINATIVE WAYS TO ADDRESS THE MOST CRITICAL ISSUES FACING THE ASIA-PACIFIC COMMUNITY TODAY, DEVELOP COMMON APPROACHES TO ADDRESSING THESE SHARED CHALLENGES, AND CULTIVATE THE LONG-TERM RELATIONSHIPS NECESSARY FOR DEVELOPING RESPONSES. FORM 990, PART III, LINE 4B ART AND CULTURAL PROGRAMS DIVISION THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES, AND SYMPOSIA. THE ASIA SOCIETY MUSEUM, LOCATED AT 725 PARK AVENUE, PRESENTS A WIDE RANGE OF ART EXHIBITIONS SHOWCASING THE WORK OF ASIAN AND ASIAN-AMERICAN ARTISTS, RANGING FROM TRADITIONAL TO CONTEMPORARY ARTISTS AND TAKING NEW APPROACHES TO FAMILIAR MASTERPIECES AS WELL AS INTRODUCING UNDER-RECOGNIZED ARTISTS. SEVERAL MAJOR THEMATIC EXHIBITIONS ARE PRESENTED EACH YEAR, DRAWING ON LOANS FROM OTHER INSTITUTIONS AND PRIVATE COLLECTIONS FROM AROUND THE WORLD, AS WELL AS THE SOCIETY'S PERMANENT COLLECTION, THE MR. AND MRS. JOHN D. ROCKEFELLER 3RD COLLECTION OF ASIAN ART. THESE EXHIBITIONS ARE USUALLY ACCOMPANIED BY CATALOGUES AND OTHER PUBLICATIONS, AND SOME EXHIBITIONS TOUR NATIONALLY AND INTERNATIONALLY. ASIA SOCIETY ALSO HOSTS PERFORMANCE PROGRAMS OF MUSIC, DANCE, THEATER, AND FILM FOCUSING ON TRADITIONAL PERFORMANCE GENRES OF ASIA, CONTEMPORARY PERFORMANCE FROM ASIA, AND WORKS BY ASIAN AMERICAN PERFORMING ARTISTS. ADDITIONALLY, A WIDE RANGE OF LECTURES, AUTHOR PROGRAMS, FILMS, AND SYMPOSIA FOR THE GENERAL PUBLIC ARE PRESENTED, EITHER RELATED TO THE CURRENT MUSEUM EXHIBITIONS OR TO FURTHER THE SOCIETY'S GOAL OF PROMOTING GREATER UNDERSTANDING BETWEEN PEOPLES BY SHARING ASIAN AND ASIAN AMERICAN ARTS AND CULTURE. OUR CULTURE AS DIPLOMACY INITIATIVE SPECIFICALLY LOOKS TO ADVANCE UNDERSTANDING AND CONNECTIONS AMONG CULTURES AS A SAFE HARBOR, UNCOMPROMISED BY POLITICAL, NATIONAL, OR OTHER DIFFERENCES. FORM 990, PART III, LINE 4C COMMUNICATIONS DIVISION THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES - SINCE THE PANDEMIC, THIS HAS BECOME MORE IMPORTANT THAN EVER. THE WORK OF THE ONLINE OUTREACH DIVISION INCLUDES CONTRIBUTIONS FROM HEADQUARTERS AS WELL AS OUR FOURTEEN OTHER CENTERS AROUND THE WORLD. IT OVERSEES THE WEBSITE WHICH PROVIDES INFORMATION ABOUT ASIA SOCIETY PROGRAMS AS WELL AS CONTENT GENERATED SPECIFICALLY FOR THE SITE ON TOPICS OF CURRENT INTEREST. WEB TRAFFIC HAS EXPANDED IN THE LAST FEW YEARS AND CURRENTLY HAS MORE THAN 3 MILLION ANNUAL VISITS. ASIA SOCIETY'S WEBSITE (WWW.ASIASOCIETY.ORG) INCLUDES NEWS AND INFORMATION ABOUT THE ASIA SOCIETY, HOSTS INFORMATION ON THE INSTITUTION'S PROGRAMS, EVENTS, PUBLICATIONS, AND DEPARTMENTS; OFFERS USERS A VIEW OF SOCIETY MUSEUM EXHIBITIONS AND COLLECTIONS; PROVIDES A RAPIDLY EXPANDING COLLECTION OF RESOURCES ON ASIAN AND ASIAN AMERICAN CONTENT FROM THE ARTS, CULTURE, RELIGION AND SOCIETY TO BUSINESS, ECONOMICS, POLICY AND GOVERNMENT; AND PRESENTS LIVE WEBCASTS OF PROGRAMS OFFERED AT THE NEW YORK HEADQUARTERS AS WELL AS ARCHIVES PROGRAMS FOR FUTURE VIEWING. FORM 990, PART III, LINE 4D U.S. CENTERS AND ASIAN ACTIVITIES U.S. ACTIVITIES THE SOCIETY OPERATES OUT OF TWO ADDITIONAL LOCATIONS IN THE UNITED STATES. THE WASHINGTON, D.C. OFFICE TAKES ADVANTAGE OF ITS LOCATION IN THE NATION'S CAPITAL TO SUPPORT THE WORK OF THE ASIA SOCIETY POLICY INSTITUTE AND THE PACIFIC COAST IS SERVED BY THE SOUTHERN CALIFORNIA CENTER IN LOS ANGELES. THE CALIFORNIA CENTER IS ADVISED BY LOCALLY RECRUITED ADVISORY COUNCIL. (IN ADDITION, THE SOCIETY IS AFFILIATED WITH A SEPARATE 501(C)(3) ORGANIZATION LOCATED IN HOUSTON, TEXAS, WHICH OPENED A BUILDING OF ITS OWN IN MARCH 2012 AND BY AN ORGANIZATION IN NORTHERN CALIFORNIA.) ASIA SOCIETY IS ASSOCIATED WITH SIX ASIAN AFFILIATES, THAT OPERATE ASIA SOCIETY CENTERS IN AUSTRALIA, WITH OFFICES IN SYDNEY AND MELBOURNE; MUMBAI AND DELHI INDIA; SEOUL, KOREA; MANILA, PHILIPPINES; TOKYO, JAPAN; AND IN HONG KONG. THEY ARE EACH SEPARATE, LEGAL AND FINANCIALLY INDEPENDENT ENTITIES AND OPERATE IN CONCERT WITH THE ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. EUROPEAN ACTIVITIES THERE ARE TWO AFFILIATE CENTERS IN EUROPE, ONE IN ZURICH, SWITZERLAND AND A RECENTLY ESTABLISHED CENTER IN PARIS, FRANCE BOTH OF WHICH ARE SEPARATE, LEGAL AND FINANCIALLY INDEPENDENT ENTITIES THAT OPERATE IN CONCERT WITH ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. EDUCATION DIVISION THE DIVISION SEEKS TO PROMOTE AN UNDERSTANDING OF ASIA THROUGH FAMILY, LEARNING, AND LIFESTYLE PROGRAMS FOR A WIDE RANGE OF AUDIENCES. THE WORK ENABLES A UNIQUE OPPORTUNITY TO BROADEN THE SCOPE OF OFFERINGS TO FOCUS ON THE CONTRIBUTIONS OF ASIANS AND ASIAN AMERICANS AND TO GROW PUBLIC AWARENESS OF ASIA'S DIVERSE ARTISTIC AND CULTURAL TRADITIONS. THE EDUCATION DIVISION CONTRIBUTES TO THE GROWTH AND QUALITY OF CHINESE LANGUAGE TEACHING IN THE U.S. THROUGH THE NATIONAL CHINESE LANGUAGE CONFERENCE - CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE LANGUAGE LEARNING, GLOBAL COMPETENCE, AND HIGH ACHIEVEMENT. THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS, AND K-12 YOUTH BY ADVANCING MANDARIN LANGUAGE INSTRUCTION THROUGH ONLINE COURSES. ASIA SOCIETY'S EDUCATION WORK ESTABLISHES AND SPREADS EFFECTIVE RESOURCES AND PROGRAMS THAT PROVIDE KNOWLEDGE OF ASIA AND GLOBAL COMPETENCE. WEB RESOURCES PROVIDE A BROAD RANGE OF BACKGROUND KNOWLEDGE ABOUT ASIA, CURRICULUM MATERIALS, VIDEO AND AUDIO RESOURCES, AND OTHER MATERIALS TO SUPPORT EDUCATION ABOUT ASIA. IN THE U.S., THE GLOBAL TALENT AND DIVERSITY AND INCLUSION SYMPOSIUM PROVIDES A VITAL PLATFORM FOR CORPORATIONS TO DISCUSS DIVERSITY AND INCLUSION ISSUES AND BEST PRACTICES IN REGARD TO ASIAN PROFESSIONALS. THE ANNUAL CONFERENCE INCLUDES KEYNOTE AND PLENARY SESSION PRESENTATIONS FEATURING EXECUTIVES FROM GLOBAL FORTUNE 1000 COMPANIES; AND SMALL GROUP DISCUSSION TRACKS. AUXILIARY SERVICES THE SOCIETY OPERATES A SPECIALIZED STORE AND CAFE (WHICH WAS CLOSED DUE TO THE PANDEMIC IN MARCH 2020 BUT REOPENED IN SEPTEMBER 2023) AND PROVIDES RENTAL AND CONFERENCE FACILITIES AT ITS HEADQUARTERS BUILDING IN NEW YORK. THE STORE, ASIASTORE, OFFERS A WIDE VARIETY OF BOOKS AND ASIAN-INSPIRED GIFT ITEMS AND SERVES THE MEMBERSHIP, VISITORS TO THE MUSEUM, AND THE GENERAL PUBLIC ATTENDING THE SOCIETY'S PROGRAMS IN NEW YORK. THE AUDITORIUM, CAFE, AND CONFERENCE FACILITIES IN THE HEADQUARTERS BUILDING SERVE PRIMARILY AS VENUES FOR THE SOCIETY'S PROGRAMS AND ARE ALSO AVAILABLE FOR RENTAL TO OUTSIDE PARTIES. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS STEPHEN A. SCHWARZMAN, TRUSTEE, AND MICHAEL S. CHAE, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. BOTH ARE OFFICERS OF BLACKSTONE GROUP MANAGEMENT, LLC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW A COMPLETE DRAFT OF THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THAT REVIEW, A FINAL AND COMPLETE DRAFT IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST REVIEW A CONFLICT OF INTEREST QUESTIONNAIRE IS CIRCULATED TO THE MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. RESULTS OF THAT QUESTIONNAIRE ARE SUMMARIZED AND PROVIDED TO THE CHAIR OF THE AUDIT COMMITTEE. ANY PERSON DEEMED TO BE AN INTERESTED PERSON WITH RESPECT TO A CONFLICT WILL RECUSE THEMSELVES FROM DELIBERATION AND DECISION-MAKING INVOLVING THE POTENTIAL OR ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW THE BOARD COMPENSATION COMMITTEE MEETS TWICE A YEAR AND REVIEWS THE PRESIDENT'S FISCAL YEAR PERFORMANCE. ADDITIONALLY, THE COMMITTEE REVIEWS SALARY SURVEY INFORMATION COMPILED BY THE DIRECTOR OF HUMAN RESOURCES ON A PERIODIC BASIS AS REQUESTED BY THE COMMITTEE. THE SURVEY INFORMATION PROVIDES DATA FOR COMPARABLE POSITIONS IN OTHER NOT FOR PROFIT ORGANIZATIONS WHICH ARE SIMILAR IN SCOPE, COMPLEXITY AND SIZE. BASED ON COMPARABLE SALARY INFORMATION PRESENTED AND PERFORMANCE REVIEWS THE INDEPENDENT MEMBERS OF THE COMMITTEE RECOMMEND THE PRESIDENT'S COMPENSATION TO THE BOARD OF TRUSTEES FOR APPROVAL. ANY DETERMINATIONS BY THE BOARD COMPENSATION COMMITTEE ARE DOCUMENTED IN THE MINUTES OF THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT AVAILABILITY THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT THE ASIA SOCIETY WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING /OTHER PROF. FEES: PROGRAM SERVICE EXPENSES 2,169,538. MANAGEMENT AND GENERAL EXPENSES 221,610. FUNDRAISING EXPENSES 100,890. TOTAL EXPENSES 2,492,038. EMPLOYMENT AGENCY SERVICES: PROGRAM SERVICE EXPENSES 3,199. MANAGEMENT AND GENERAL EXPENSES 83,755. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,954. RECRUITING EXPENSE: PROGRAM SERVICE EXPENSES 112,352. MANAGEMENT AND GENERAL EXPENSES 104,305. FUNDRAISING EXPENSES 19,850. TOTAL EXPENSES 236,507. ARTIST FEES, PHOTOGRAPHER: PROGRAM SERVICE EXPENSES 136,535. MANAGEMENT AND GENERAL EXPENSES 1,935. FUNDRAISING EXPENSES 20,646. TOTAL EXPENSES 159,116. HONORARIUM: PROGRAM SERVICE EXPENSES 89,048. MANAGEMENT AND GENERAL EXPENSES 525. FUNDRAISING EXPENSES 350. TOTAL EXPENSES 89,923. PACKING: PROGRAM SERVICE EXPENSES 70,595. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,595. FRAMING & MOUNTING: PROGRAM SERVICE EXPENSES 11,542. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,542. CONSERVATION: PROGRAM SERVICE EXPENSES 25,848. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,848. SECURITY SERVICE FEES: PROGRAM SERVICE EXPENSES 534,812. MANAGEMENT AND GENERAL EXPENSES 60,190. FUNDRAISING EXPENSES 7,223. TOTAL EXPENSES 602,225. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 79,259. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,259. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 571,364. UNCOLLECTIBLE PRIOR YEAR PLEDGES -79,296. TRANSFER OF NET ASSETS -762,396.