2023-04-20T10:46:43-05:00 2022-06-30 135565207 KPMG LLP 1601 MARKET STREET PHILADELPHIA PA 19103 990 2021-07-01 133234632 THE ASIA SOCIETY ASIA 2122886400 725 PARK AVENUE NEW YORK NY 100215088 JULIA NELSON CFO 2122886400 2023-04-14 1 JULIA NELSON 999009999 TESS FANNING P02033722 2672567000 2023-04-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JULIA NELSON 725 PARK AVENUE NEW YORK NY 100215088 41054799 0 X WWW.ASIASOCIETY.ORG X 1956 NY THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION, SEE SCHEDULE O. 65 63 167 90 -182 0 26246569 22316692 845192 549605 4750287 6799216 426933 582792 32268981 30248305 3661882 1299055 0 0 14711890 15915711 16000 0 2288486 10491267 13507825 28881039 30722591 3387942 -474286 142731939 123272284 19765099 17572566 122966840 105699718 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 9629167 590943 255964 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. 4565844 62553 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. 2346793 29044 220515 EDUCATION AND LEADERSHIP PROGRAMS DIVISION - THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND K-12 YOUTH TOWARDS A BETTER UNDERSTANDING OF ASIA AND A MEANS TO EDUCATE THE NEXT GENERATION IN GLOBAL COMPETENCY WITH THE KNOWLEDGE AND SKILLS REQUIRED TO UNDERSTAND AND ACT ON GLOBAL ISSUES. IT DOES THIS BY ADVANCING TRANSFORMATIVE MODELS OF EDUCATION THAT PROMOTE GLOBAL COMPETENCY, FOSTERING GROWTH IN CHINESE LANGUAGE PROGRAMS AND CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE GLOBAL COMPETENCE AND HIGH ACHIEVEMENT. FOR MORE INFORMATION, SEE SCHEDULE O. 4517974 679068 10573 4517974 679068 10573 21059778 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 146 0 1 167 1 0 1 CH 0 0 0 1 1 0 0 0 0 0 0 X 65 63 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 JULIA NELSON 2123279416 725 PARK AVENUE NEW YORK NY 100215088 KEVIN M RUDD PRESIDENT & CEO/PRESIDENT, ASPI 40.00 0.00 X X 756089 0 45942 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 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 CHEN GUOQING TRUSTEE - END 09/2021 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 RICHARD DROBNICK TRUSTEE - END 10/2021 1.00 0.00 X 0 0 0 SERGE DUMONT TRUSTEE - EFFECTIVE 03/2022 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 - EFFECTIVE 10/2021 1.00 0.00 X 0 0 0 EVAN G GREENBERG TRUSTEE - EFFECTIVE 10/2021 1.00 0.00 X 0 0 0 TOYOO GYOHTEN TRUSTEE - END 11/2021 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 - EFFECTIVE 10/2021 1.00 0.00 X 0 0 0 OMAR ISHRAK TRUSTEE 1.00 0.00 X 0 0 0 MITCHELL R JULIS TRUSTEE 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 CHONG-MOON LEE TRUSTEE 1.00 0.00 X 0 0 0 LEE HONG-KOO TRUSTEE 1.00 0.00 X 0 0 0 IDO LEFFLER TRUSTEE 1.00 0.00 X 0 0 0 JOSEPHINE LINDEN TRUSTEE - EFFECTIVE 10/2021 1.00 0.00 X 0 0 0 IDA LIU TRUSTEE - EFFECTIVE 10/2021 1.00 0.00 X 0 0 0 JEAN LIU TRUSTEE 1.00 0.00 X 0 0 0 GEOFF MARTHA TRUSTEE - EFFECTIVE 10/2021 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 HAROLD J NEWMAN TRUSTEE - END 09/2021 1.00 0.00 X 0 0 0 GAONING FRANK NING TRUSTEE 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 - EFFECTIVE 10/2021 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 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 OSCAR L TANG TRUSTEE - END 08/2021 1.00 0.00 X 0 0 0 ERNIE THRASHER TRUSTEE 1.00 0.00 X 0 0 0 MARK E TUCKER TRUSTEE - EFFECTIVE 10/2021 1.00 0.00 X 0 0 0 KENNETH WILCOX TRUSTEE - END 10/2021 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 ANTHONY JACKSON - END 082021 VP, EDU. & DIR. CTR. FOR GLOBAL EDU. 40.00 0.00 X 264189 0 26440 JULIA NELSON CFO 40.00 0.00 X 241710 0 15434 PAULA HUNKER CHIEF ADMINISTRATIVE OFFICER 40.00 0.00 X 225621 0 32894 MICHELLE MAPPLETHORPE-END 0622 VP, GBL ART. PROG. & DIR. AS MUSEUM 40.00 0.00 X 216573 0 66905 DEBRA EISENMAN - EFF 102021 CHIEF OPERATING OFFICER 40.00 0.00 X 209100 0 61094 SHANE WILLIAMS-NESS CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 208266 0 13073 TINA DUONG - END 072021 CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 204361 0 12644 ORVILLE SCHELL VP, CTR US-CHINA REL/ARTHUR ROSS DIR 40.00 0.00 X 284180 0 32099 WENDY CUTLER VP, MANAGING DIR. WASHINGTON, DC 40.00 0.00 X 284972 0 18489 DANIEL RUSSEL VP, INT'L SECURITY & DIPLOMACY 40.00 0.00 X 281663 0 17455 ANNE GODSHALL MAN. DIR., VIS. ENGAGE. & EVENTS/CMO 40.00 0.00 X 187851 0 24710 MARGARET CONLEY EXECUTIVE DIRECTOR, ASNC 40.00 0.00 X 176644 0 23437 JOSETTE M SHEERAN FORMER PRESIDENT AND CEO 40.00 0.00 X 301752 0 17782 THOMAS NAGORSKI - END 062021 FORMER EXECUTIVE VP 40.00 0.00 X 122822 0 29102 3965793 0 437500 36 1 1 0 STORMBREAKER LLC 439 RICHMOND AVE MAPLEWOOD NJ 07040 CONSULTING 203550 TWO TIGERS PRODUCTIONS LLC 1300 N ALEXANDRIA AVE LOS ANGELES CA 90027 CONSULTING 132000 KPMG LLP 3 CHESTNUT RIDGE ROAD MONTVALE NJ 07645 AUDIT AND TAX SERVICES 128453 NARDELLO AND CO LLC 565 FIFTH AVENUE SUITE 2200 NEW YORK NY 10017 LEGAL SERVICES 114387 UNIVERSAL SERVICES OF AMERICA LP PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 112589 8 1391480 1494844 2352246 17078122 122228 22316692 GLOBAL POL. & BUSINESS 900099 253964 253964 PROGRAM ADMISSION FEES 900099 169799 169799 EDUCATIONAL PROG. REV. 900099 81982 81982 CO-SPONSOR FEE 900099 43560 43560 300 300 549605 842041 842041 181737 181737 275990 1126 274864 274864 274864 16275730 10318555 5957175 5957175 5957175 469945 1494844 433486 36459 36459 143241 53327 89914 89914 INCOME FROM INVEST LPS 901101 -182 -182 -182 30248305 549605 -182 7382190 X 330544 330544 56000 56000 912511 912511 2721587 1456561 819539 445487 10395899 7333802 2159197 902900 443674 305199 102440 36035 1438816 945049 321292 172475 915735 607772 206638 101325 214454 83846 123078 7530 154234 154234 446782 446782 4045355 3454971 503695 86689 130975 130975 2018420 1061105 832852 124463 1491549 469480 869337 152732 1326788 1089553 166134 71101 426548 335603 64114 26831 137329 114061 20846 2422 538038 438501 69945 29592 1342176 1093204 174689 74283 323997 75920 248077 EQUIP RENTAL & MAINT 694111 565747 81059 47305 PRINTING & PUBLICATIONS 196567 182665 7714 6188 OTHER RENOV COSTS 20502 16709 2665 1128 30722591 21059778 7374327 2288486 10655508 11852272 459344 537932 11653409 9890130 470561 256721 88498 83182 367219 491077 56963229 39296784 18741761 17666445 43482113 32231475 56693629 50119653 119897 143397 142731939 123272284 2463832 3328602 14633334 14243964 2667933 19765099 17572566 X -137884 1791569 123104724 103908149 122966840 105699718 142731939 123272284 X -474286 -18856796 2063960 X 0 1 X 1 0 X 30519057 30016705 24830431 26158222 22316692 133841107 30519057 30016705 24830431 26158222 22316692 133841107 21170668 112670439 1071404 1489580 1293305 1139514 1299768 6293571 140134678 10217228 0.80400 0.80030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 94301820 -11728747 4862676 77710397 75740096 9839 23212337 4660452 94301820 79320348 5135 1168801 4754188 75740096 69851751 9039976 4081891 3653270 79320348 63717346 3571506 6118894 3555995 69851751 0.02356 0.97644 0 0 2032010 2032010 39266612 24815764 14450848 15664607 14481020 1183587 17666445 LONG/SHORT HEDGE FUNDS 8938417 F ABS. RETURN HEDGE FUNDS 17725653 F OTHER FUND OF FUNDS 5216827 F EMERGING MKT SECURITIES 6846468 F PRIVATE EQUITY 9210888 F DEVELOP. MKT EQUITY TRUST 2181400 F 50119653 X 13026681 -18856796 2063778 -16793018 29819699 446782 -18176 428606 30248305 30293803 17994 17994 30275809 446782 446782 30722591 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 2022 AND 2021, 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 2,687,566. UNCOLLECTIBLE PRIOR YEAR PLEDGES -623,788. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF COGS -53,327. RECLASS OF SPECIAL EVENTS 36,459. RECLASS OF RENTAL EXPENSES -1,126. INCOME FROM INVESTMENT IN LIMITED PARTNERSHIPS -182. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COGS 53,327. RECLASS OF SPECIAL EVENTS -36,459. RECLASS OF RENTAL EXPENSES 1,126. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES FELLOW 109246 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES CONSULTANT 302280 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 CONFERENCE 25009 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 561741 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 170324 SOUTH ASIA 0 0 GRANTMAKING 167947 EAST ASIA AND THE PACIFIC 0 0 AWARDS 7500 NORTH AMERICA 0 0 AWARDS 5000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 24149001 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3264882 0 2 0 0 0 2 1349047 27413883 28762930 EAST ASIA AND THE PACIFIC SUPPORT-PT V 402627 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 106118 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 52996 WIRE TRANSFER 0 SOUTH ASIA SUPPORT-PT V 132947 WIRE TRANSFER 0 SOUTH ASIA SUPPORT-PT V 35000 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT-PT V 170324 WIRE TRANSFER 0 5 1 AWARDS EAST ASIA AND THE PACIFIC 1 500 WIRE TRANSFER AWARDS EAST ASIA AND THE PACIFIC 1 500 WIRE TRANSFER AWARDS EAST ASIA AND THE PACIFIC 1 1500 WIRE TRANSFER AWARDS EAST ASIA AND THE PACIFIC 1 5000 WIRE TRANSFER AWARDS NORTH AMERICA 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, HONG KONG, 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 THROUGH VARIOUS MEDIUMS: IMPACTFUL JOURNALISM KNOWN TO INFORM THE PUBLIC ABOUT ASIA, DOCUMENTARY PHOTOGRAPHY AND VIDEO EXHIBITION TARGETING SUSTAINABILITY EFFORTS, AS WELL AS MEDIA PROMOTING THE USE OF THE CHINESE LANGUAGE. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (D) ACTIVITIES CONDUCTED IN REGION ACTIVITIES CONDUCTED IN EUROPE INCLUDE ONE CONFERENCE IN BELGIUM FOR THE ASPI-KOREA FOUNDATION STUDY TOUR. 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 FY22 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 1 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NC OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL DINNER 932034 801704 130330 70000 54000 N. CALI DINNER 475854 312531 163323 148083 2 556901 380609 176292 30454 130949 1964789 1494844 469945 100454 333032 433486 36459 1 WEST ORANGE PUBLIC SCHOOLS 179 EAGLE ROCK AVENUE WEST ORANGE NJ 07052 226002398 WEST ORANGE 10000 0 CHINESE LANGUAGE TEACHING AND LEARNING LAKE FOREST HIGH SCHOOL DISTRICT 115 300 S WAUKEGAN RD LAKE FOREST IL 60045 366004894 LAKE FOREST 6772 0 CHINESE LANGUAGE TEACHING AND LEARNING LAKE FOREST SCHOOL DISTRICT 67 300 S WAUKEGAN RD LAKE FOREST IL 60045 366004894 LAKE FOREST 6772 0 CHINESE LANGUAGE TEACHING AND LEARNING THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 485 BROADWAY MAIL CODE 8838 REDWOOD CITY CA 94063 941156365 501(C)(3) 200000 0 JOINT RESEARCH PROJECT ON CHINA'S QUEST TO CONTROL DATA AND PRIVATE CORPORATION UNIVERSITY OF CALIFORNIA REGENTS 9500 GILMAN DRIVE 0954 LA JOLLA CA 92093 956006144 501(C)(3) 100000 0 TASK FORCE ON US-CHINA POLICY 5 0 FRANKENTHALER CLIMATE ART AWARD HONORARIUM 3 45000 COAL + ICE CLIMATE POSTER PRIZE 7 10500 THE WHY SPEAK CHINESE CONTEST 1 500 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. FORM 990, SCHEDULE I, PART III, LINE 1F GRANTS AND OTHER ASSITANCE TO DOMESTIC INDIVIDUALS FRANKENTHALER CLIMATE ART AWARDS RECOGNIZE VISUAL ARTISTS CURRENTLY ENROLLED IN, OR RECENTLY GRADUATED FROM, MFA PROGRAMS IN THE UNITED STATES WHOSE WORK DIRECTLY ADDRESSES THE CLIMATE CRISIS. DESIGNED TO ENCOURAGE ACTION ON CLIMATE CHANGE AMONGST THE NEXT GENERATION OF VISUAL ARTISTS. EACH OF THREE WINNERS RECEIVED $15,000 AWARDS FOLLOWING A SPECIAL COAL + ICE PANEL DISCUSSION. COAL + ICE CLIMATE POSTER PRIZE IS FOR THE BEST DESIGN OF AN ORIGINAL POSTER IN RESPONSE TO THE CLIMATE CRISIS AND CREATED ESPECIALLY FOR THE COAL + ICE EXHIBITION. PARTICIPATING DESIGNERS WERE TASKED WITH CREATING THEIR UNIQUE DESIGNS BY PAIRING IMAGES FROM THE COAL + ICE EXHIBITION WITH TEXT TO PRINT OR SHARE ONLINE. THE WINNING DESIGN WAS AWARDED A PRIZE OF $1,500. THE WHY SPEAK CHINESE CONTEST WINNERS AWARD IS TO CELEBRATE BOTH THE HARD WORK OF STUDENTS AND TO FACILITATE IDEA SHARING AMONG PEERS FROM SO MANY DIFFERENT BACKGROUNDS LEARNING CHINESE. WINNERS RECEIVED A $500 PRIZE. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 KEVIN M RUDD PRESIDENT & CEO/PRESIDENT, ASPI 515693 0 0 0 240396 0 17400 0 28542 0 802031 0 0 0 JOSETTE M SHEERAN FORMER PRESIDENT AND CEO 89605 0 100000 0 112147 0 3520 0 14262 0 319534 0 0 0 ORVILLE SCHELL VP, CTR US-CHINA REL/ARTHUR ROSS DIR 282944 0 0 0 1236 0 17270 0 14829 0 316279 0 0 0 WENDY CUTLER VP, MANAGING DIR. WASHINGTON, DC 284576 0 0 0 396 0 17121 0 1368 0 303461 0 0 0 DANIEL RUSSEL VP, INT'L SECURITY & DIPLOMACY 280901 0 0 0 762 0 16855 0 600 0 299118 0 0 0 ANTHONY JACKSON - END 082021 VP, EDU. & DIR. CTR. FOR GLOBAL EDU. 173661 0 0 0 90528 0 9004 0 17436 0 290629 0 0 0 MICHELLE MAPPLETHORPE-END 0622 VP, GBL ART. PROG. & DIR. AS MUSEUM 216483 0 0 0 90 0 13500 0 53405 0 283478 0 0 0 DEBRA EISENMAN - EFF 102021 CHIEF OPERATING OFFICER 208843 0 203 0 54 0 13141 0 47953 0 270194 0 0 0 PAULA HUNKER CHIEF ADMINISTRATIVE OFFICER 205857 0 0 0 19764 0 13662 0 19232 0 258515 0 0 0 JULIA NELSON CFO 241316 0 0 0 394 0 0 0 15434 0 257144 0 0 0 SHANE WILLIAMS-NESS CHIEF DEVELOPMENT OFFICER 208077 0 51 0 138 0 12485 0 588 0 221339 0 0 0 TINA DUONG - END 072021 CHIEF DEVELOPMENT OFFICER 168836 0 0 0 35525 0 1422 0 11222 0 217005 0 0 0 ANNE GODSHALL MAN. DIR., VIS. ENGAGE. & EVENTS/CMO 181570 0 6018 0 263 0 11075 0 13635 0 212561 0 0 0 MARGARET CONLEY EXECUTIVE DIRECTOR, ASNC 173066 0 3500 0 78 0 10500 0 12937 0 200081 0 0 0 THOMAS NAGORSKI - END 062021 FORMER EXECUTIVE VP 122693 0 0 0 129 0 7069 0 22033 0 151924 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 4A SEVERANCE PAYMENT: JOSETTE M. SHEERAN $111,367 ANTHONY JACKSON $90,000 TING DUONG $23,333 PART I, LINE 7 THE FORMER PRESIDENT AND CEO'S BONUS IS REVIEWED BY THE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD. IT IS BASED ON ACHIEVING A SET OF INSTITUTIONAL GOALS WHICH ARE ESTABLISHED BY THE COMPENSATION COMMITTEE AND BOARD AT THE BEGINNING OF THE YEAR. BONUSES PAID DURING THE CALENDAR YEAR ARE REPORTING ON SCHEDULE J, PART II, COLUMN (B)(II). MOST OTHER EMPLOYEES RECEIVED BONUS PAYMENTS WHICH WERE APPROVED BY THE OFFICERS OF THE ORGANIZATION, AND INCLUDED IN THE INDIVIDUALS' TAXABLE INCOME. A BUILD NYC RESOURCE CORPORATION SERIES 2015 454040561 000000000 2015-07-01 16795000 REFIN 2000 TAX-EXEMPT BOND 0 0 0 A 1910000 16795000 335900 97499 16361601 2015 1 0 1 1 A 0 0 0 1 0 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 423228 CAP CONTRIB 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, 2022. X 5 0 X 5 42822 AVERAGE MARKET PRICE X AUCTION 26 79406 PER AUCTION PRICE 1 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED ON COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE ASIA SOCIETY HAS A GIFT ACCEPTANCE POLICY PERTAINING TO THE REVIEW OF POTENTIAL CONTRIBUTIONS OF ART. 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 TO GLOBAL DECISION LEADERS, BRINGING DISPARATE VIEWS TOGETHER THROUGH ITS RENOWNED CONVENING AND RESEARCH CAPABILITIES. WE HAVE FOUND 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 HIGH-LELVEL POLICY COMMISSION ON GETTING ASIA TO NET ZERO, WHICH BRINGS TOGETHER LEADERS FROM ASIA TO ACCELERATE THE REGIONAL TRANSITION TO NET ZERO EMISSIONS; CHINA BELT AND ROAD INITIATIVE, WHICH REVIEWS THE BRI PROJECTS LOCATED IN ASIA AND HIGHLIGHTS BEST PRACTICES IN PLANNING AND EXECUTION; AND 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. 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 POLICY MAKERS TO WORK ON MAJOR ISSUES 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. THE CENTER'S SIGNATURE INITIATIVE IS 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. THE ASIAN ARTS AND MUSEUM SUMMIT OFFERS AN OPPORTUNITY FOR COLLABORATIVE EXCHANGE AND SHARING OF BEST PRACTICES, EXPLORES THE ROLE OF THE ARTS IN RAPIDLY CHANGING ASIAN AND U.S. SOCIETIES, AND FACILITATES THE DEVELOPMENT OF JOINT PROJECTS FOR MUSEUM PROFESSIONALS FROM ASIA AND THE U.S. FORM 990, PART III, LINE 4C EDUCATION AND LEADERSHIP PROGRAMS DIVISION THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND K-12 YOUTH TOWARDS A BETTER UNDERSTANDING OF ASIA AND A MEANS TO EDUCATE THE NEXT GENERATION IN GLOBAL COMPETENCY WITH THE KNOWLEDGE AND SKILLS REQUIRED TO UNDERSTAND AND ACT ON GLOBAL ISSUES. IT DOES THIS BY ADVANCING TRANSFORMATIVE MODELS OF EDUCATION THAT PROMOTE GLOBAL COMPETENCY, FOSTERING GROWTH IN CHINESE LANGUAGE PROGRAMS AND CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE GLOBAL COMPETENCE AND HIGH ACHIEVEMENT. ASIA SOCIETY'S EDUCATION WORK ESTABLISHES AND SPREADS EFFECTIVE RESOURCES AND PROGRAMS THAT PROVIDE KNOWLEDGE OF ASIA AND GLOBAL COMPETENCE. THE TOOLS, CURRICULUM, BEST PRACTICES AND PROFESSIONAL DEVELOPMENT IT GENERATES HELP CREATE STUDENTS WHO GRADUATE BOTH COLLEGE-READY AND GLOBALLY COMPETENT. THE EDUCATION DIVISION PROMOTES RESOURCES FOR CAREER AND TECHNICAL EDUCATION BY DEVELOPING PROFESSIONAL DEVELOPMENT COURSES AND RESOURCES TO HELP EDUCATORS INCORPORATE GLOBAL COMPETENCE INTO THEIR WORK. THE EDUCATION DIVISION CONTRIBUTES TO THE GROWTH AND QUALITY OF CHINESE LANGUAGE TEACHING IN THE U.S. THROUGH PUBLICATIONS, THE NATIONAL CHINESE LANGUAGE CONFERENCE, AND WORKING DIRECTLY WITH U.S. SCHOOLS TO ENHANCE THEIR CHINESE LANGUAGE TEACHING. 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. THE ASIA SOCIETY'S EDUCATION DIVISION CONVENES EDUCATION LEADERS IN THE U.S. AND ASIA TO SHARE BEST PRACTICES AND INNOVATIONS THAT PROMOTE HIGHER ACHIEVEMENT AND GLOBAL COMPETENCE IN MILLIONS THROUGH THE GLOBAL CITIES EDUCATION NETWORK. IT IS THE ONLY FORUM THAT ENABLES LEADERS OF HIGH-PERFORMING URBAN SCHOOLS SYSTEMS IN ASIA AND NORTH AMERICA TO LEARN FROM EACH OTHER. WORKING GROUPS MEET IN THE U.S. AND ASIA TO REVIEW CASE STUDIES AND POLICIES AND COME UP WITH RECOMMENDATIONS BASED ON BEST PRACTICES. RESEARCH IS COMMISSIONED TO SUPPORT THE DISCUSSIONS. IN THE U.S., THE DIVERSITY LEADERSHIP FORUM PROVIDES A VITAL PLATFORM FOR CORPORATIONS TO DISCUSS DIVERSITY AND INCLUSION ISSUES AND BEST PRACTICES IN REGARD TO ASIAN PROFESSIONALS. THE ANNUAL TWO-DAY CONFERENCE INCLUDES KEYNOTE AND PLENARY SESSION PRESENTATIONS FEATURING EXECUTIVES FROM GLOBAL FORTUNE 1000 COMPANIES; AND SMALL GROUP DISCUSSION TRACKS. FORM 990, PART III, LINE 4D U.S. CENTERS AND ASIAN ACTIVITIES U.S. ACTIVITIES THE SOCIETY OPERATES OUT OF THREE 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. THE PACIFIC COAST IS SERVED BY THE SOUTHERN CALIFORNIA CENTER IN LOS ANGELES AND THE NORTHERN CALIFORNIA CENTER IN SAN FRANCISCO. LOCATED IN THE HOME OF THE LARGEST AND FASTEST GROWING ASIAN AND ASIAN AMERICAN COMMUNITIES, THE TWO CALIFORNIA CENTERS PROVIDE A UNIQUE OPPORTUNITY TO CULTIVATE THE BONDS THAT UNITE AMERICANS AND ASIANS. BOTH CENTERS ARE ADVISED BY LOCALLY RECRUITED ADVISORY COUNCILS. (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.) ASIA SOCIETY IS ASSOCIATED WITH SIX ASIAN AFFILIATES, THAT OPERATE ASIA SOCIETY CENTERS IN AUSTRALIA, WITH OFFICES IN SYDNEY AND MELBOURNE, MUMBAI, 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 NEWLY ESTABLISHED CENTER IN PARIS, BOTH OF WHICH ARE SEPARATE, LEGAL AND FINANCIALLY INDEPENDENT ENTITIES THAT OPERATE IN CONCERT WITH ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. (THE PARIS CENTER IS NOT INCLUDED IN THE FINANCIAL MATERIALS IN THE FORM 990). ONLINE OUTREACH 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. 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. AUXILIARY SERVICES THE SOCIETY OPERATES A SPECIALIZED STORE AND CAFE 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 GARDEN COURT CAFE PROVIDES ASIAN-INSPIRED FOODS TO NEW YORK CITY DINERS (WHICH HAS BEEN CLOSED DUE TO THE COVID PANDEMIC SINCE MARCH 2020). 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. IMPACT OF COVID-19 WHILE THE SOCIETY REOPENED IN OCTOBER 2020, IN THE PAST YEAR WE HAVE INCREASINGLY BEEN DOING IN-PERSON AND HYBRID PUBLIC PROGRAMS. WE HAVE SEEN INCREASED ATTENDANCE TO OUR MUSEUM EXHIBITIONS AS WELL. WE CONTINUE TO PROVIDE HUNDREDS OF ONLINE PROGRAMS ACROSS THE GLOBAL NETWORK ACCESSING GREATER AUDIENCE NUMBERS THAN WITH IN-PERSON PROGRAMS ALONE. THIS PIVOT TO DIGITAL ACTUALLY ACCELERATED OUR STRATEGIC PLAN GOALS TO USE DIGITAL TOOLS AND PLATFORMS TO EXPAND OUR REACH AND IMPACT. 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 2,838,713. MANAGEMENT AND GENERAL EXPENSES 266,925. FUNDRAISING EXPENSES 68,915. TOTAL EXPENSES 3,174,553. EMPLOYMENT AGENCY SERVICES: PROGRAM SERVICE EXPENSES 1. MANAGEMENT AND GENERAL EXPENSES 91,435. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,436. RECRUITING EXPENSE: PROGRAM SERVICE EXPENSES 4,024. MANAGEMENT AND GENERAL EXPENSES 45,588. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,612. ARTIST FEES, PHOTOGRAPHER: PROGRAM SERVICE EXPENSES 145,477. MANAGEMENT AND GENERAL EXPENSES 6,059. FUNDRAISING EXPENSES 10,935. TOTAL EXPENSES 162,471. HONORARIUM: PROGRAM SERVICE EXPENSES 212,190. MANAGEMENT AND GENERAL EXPENSES 1,200. FUNDRAISING EXPENSES 2,800. TOTAL EXPENSES 216,190. PACKING: PROGRAM SERVICE EXPENSES 16,069. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,069. FRAMING & MOUNTING: PROGRAM SERVICE EXPENSES 4,298. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,298. CONSERVATION: PROGRAM SERVICE EXPENSES 6,306. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,306. SECURITY SERVICE FEES: PROGRAM SERVICE EXPENSES 227,893. MANAGEMENT AND GENERAL EXPENSES 33,667. FUNDRAISING EXPENSES 4,039. TOTAL EXPENSES 265,599. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 58,821. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,821. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 2,687,566. INCOME FROM INVESTMENT IN LIMITED PARTNERSHIPS 182. UNCOLLECTIBLE PRIOR YEAR PLEDGES -623,788.