2023-03-29T13:18:14-05:00 2022-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2021-07-01 571192973 ASIAN AND PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND ASIA 2027150795 1850 M STREET NW 245 WASHINGTON DC 20036 NOEL HARMON PRESIDENT & EXECUTIVE DIRECTOR 2027150795 2023-03-29 1 NOEL HARMON 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NOEL HARMON 1850 M STREET NW 245 WASHINGTON DC 20036 13616717 0 X WWW.APIASF.ORG X 2003 DC SEE PART III, LINE 1. 22 22 25 454 0 0 39393662 13597399 50000 0 546 19318 16324 0 39460532 13616717 9963030 7853240 0 0 1877673 2577510 0 0 567202 1285381 2083698 13126084 12514448 26334448 1102269 36602135 37686826 4744955 4727377 31857180 32959449 X OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF APIA STUDENTS BY PROVIDING THEM WITH RESOURCES THAT INCREASE THEIR ACCESS TO HIGHER EDUCATION WHICH SERVES AS THE FOUNDATION FOR THEIR FUTURE SUCCESS AND CONTRIBUTIONS TO A MORE VIBRANT AMERICA. (CONTINUED ON SCHEDULE O) 0 0 8361427 7853240 COLLEGE ACCESS: APIA SCHOLARS MANAGES THE APIA SCHOLARSHIP, THE AANAPISI SCHOLARSHIP, THE APIA SCHOLARS EMERGENCY FUND, AND THE GATES MILLENNIUM SCHOLARS/ASIAN PACIFIC ISLANDER AMERICANS FUND. THROUGH THESE SCHOLARSHIP PROGRAMS, APIA SCHOLARS HAS DISTRIBUTED MORE THAN $150 MILLION IN COLLEGE SCHOLARSHIPS TO MORE THAN 8,100 DESERVING ASIAN AND PACIFIC ISLANDER AMERICAN (APIA) STUDENTS ACROSS THE COUNTRY AND IN THE PACIFIC ISLANDS. OUR FOCUS ON MULTI-YEAR SCHOLARSHIPS REMOVES FINANCIAL BARRIERS WHILE PROMOTING DEGREE ATTAINMENT. 1236518 STUDENT SUCCESS AND CAREER DEVELOPMENT:UPON RECEIVING THEIR SCHOLARSHIP, SCHOLARS ARE INVITED TO ATTEND OUR ANNUAL ELEVATING LEADERS SUMMIT, AN EXCLUSIVE EVENT TO HELP INCOMING SCHOLARS THRIVE ON CAMPUS. SCHOLARS IMMERSE THEMSELVES IN A COMMUNITY OF UNDERSTANDING DISCUSSING JUSTICE ISSUES IMPACTING APIAS, EXAMINING PERSONAL AND CULTURAL IDENTITY, AND HEARING FROM SPEAKERS AND PANELISTS ON STRATEGIES TO NAVIGATE COLLEGE. BUILDING ON ELS, STUDENTS ARE INVITED TO PARTICIPATE IN OUR PEER MENTORSHIP PROGRAM WITH AN APIA SCHOLARS COLLEGE SENIOR SUPPORTING THEM ALONG THEIR ACADEMIC JOURNEY. FORMALLY LAUNCHED IN MAY 2021, THE APIA SCHOLARS MENTAL HEALTH INITIATIVE, DESIGNED TO DESTIGMATIZE MENTAL HEALTH SUPPORT AND PROVIDE ACCESSIBLE AND CULTURALLY SENSITIVE (CONTINUED ON SCHEDULE O)RESOURCES WAS CREATED AS A RESULT IN A SPIKE OF MENTAL HEALTH "INSIGHT FLAGS" INCLUDING DEPRESSION, DISCRIMINATION, DROPPING OUT, ROOMMATE CONFLICT, AND SEVERE ANXIETY AMONGST SCHOLARS. OUR STUDENT SUCCESS PROGRAMS REMOVE BARRIERS, BUILD COMMUNITY, AND SUPPORTS TRANSITIONS FOR STUDENTS IN THEIR COLLEGE JOURNEY.OUR CAREER DEVELOPMENT PROGRAMMING EXPANDS STUDENTS' MENTORSHIP AND NETWORKING INTO THEIR COLLEGE TO CAREER TRANSITION. THE INDUSTRY EXPERTS SERIES EXPOSES SCHOLARS TO VARIOUS INDUSTRIES THROUGH PANELS OF APIA PROFESSIONALS. THROUGH THE SEMI-ANNUAL CANDID CONNECTIONS NETWORKING PROGRAM, SCHOLARS AND ALUMNI GROW THEIR NETWORKS WHILE ALSO BUILDING COMMUNITY AMONG PEERS AND PANELISTS FROM THE GREATER APIA COMMUNITY. THE APIA SCHOLARS PROFESSIONAL MENTORSHIP PROGRAM FACILITATES VIRTUAL MENTORSHIPS WITH APIA SCHOLARS AND INDUSTRY PROFESSIONALS, ALLOWING FOR MEANINGFUL CONNECTION AND SKILL DEVELOPMENT TO EMPOWER FUTURE APIA LEADERS. LASTLY, APIA SCHOLARS' INDUSTRY FELLOWSHIP PROGRAM OFFERS APIA SCHOLARS AND ALUMNI AN INTENSIVE CURATED FELLOWSHIP PROGRAM, CREATED IN PARTNERSHIP WITH OUR SPONSORS. 551864 BUILDING KNOWLEDGE: OUR RESEARCH PLACES SCHOLARS AT THE CENTER AND INFORMS POLICYMAKERS, HIGHER EDUCATION LEADERS, AND OTHER COMMUNITY STAKEHOLDERS TO INCREASE EDUCATIONAL OPPORTUNITIES AND SUCCESS FOR APIA STUDENTS. THROUGH APIA DATA STORIES WE HIGHLIGHT CRITICAL AREAS OF SUPPORT FOR APIA STUDENTS NATIONWIDE, PROVIDING CURRENT AND RELEVANT DATA THAT EQUIP INSTITUTIONS TO PROVIDE CULTURALLY COMPETENT INTERVENTIONS IN STEP WITH THE TRENDS OF INCOMING COLLEGE STUDENTS. BASED ON OUR ANNUAL SURVEY OF SCHOLARSHIP APPLICANTS, DATA STORIES ILLUSTRATE THE NEED AND IMPACT OF SCHOLARSHIPS WHILE REVEALING APIA GROUPS THAT CONTINUE TO BE UNDERSERVED AND UNDERREPRESENTED. APIA SCHOLARS' NATIVE HAWAIIAN PACIFIC ISLANDER (NHPI) RESEARCH INITIATIVE IS AN ONGOING (CONTINUED ON SCHEDULE O)COLLABORATION WITH AANAPISI CAMPUSES SERVING SIGNIFICANT NUMBERS OF NHPI STUDENTS IN THE U.S.-AFFILIATED PACIFIC ISLANDS, HAWAI'I AND THE U.S. CONTINENT. THE APPLIED RESEARCH FELLOWSHIP PROGRAM ENABLES OUTSTANDING APIA SCHOLARS ALUMNI PURSUING FULL-TIME MASTERS AND DOCTORAL DEGREES TO PLAY A SIGNIFICANT ROLE IN ADVANCING THE ORGANIZATION'S STUDENT RESEARCH AND ADVOCACY AGENDA. FELLOWS ENGAGE IN PROJECTS INFORMING THE EDUCATIONAL AND WORKFORCE TRAJECTORY OF APIA STUDENTS ACROSS THE NATION, INCLUDING MENTAL HEALTH & WELLBEING, LEADERSHIP & CIVIC ENGAGEMENT, ENGLISH LEARNERS, AND ANTI-ASIAN RACISM. 10149809 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 75 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X NOEL HARMON 2027150795 1850 M STREET NW 245 WASHINGTON DC 20036 AIMEE MEHER-HOMJI BOARD CHAIR 10.00 X X 0 0 0 EUGENE CHASIN BOARD MEMBER 2.00 X 0 0 0 CELINA YUNWEI LI BOARD MEMBER 2.00 X 0 0 0 DOUG MURTHA BOARD MEMBER 2.00 X 0 0 0 CHITRA NAWBATT BOARD MEMBER 2.00 X 0 0 0 JUN S OH BOARD MEMBER 2.00 X 0 0 0 CHEE IA YANG BOARD MEMBER 2.00 X 0 0 0 LINDSAY LEE AULANIKIIKINA AH LOO BOARD MEMBER 2.00 X 0 0 0 SEFA AINA BOARD MEMBER 2.00 X 0 0 0 J WEILI CHENG BOARD MEMBER 2.00 X 0 0 0 WILLIAM CHO BOARD MEMBER 2.00 X 0 0 0 POONEH FRACYON BUTLER BOARD MEMBER 2.00 X 0 0 0 NANCY LEE BOARD MEMBER 2.00 X 0 0 0 SCOTT LORETAN BOARD MEMBER 2.00 X 0 0 0 JEFF LUONG BOARD MEMBER 2.00 X 0 0 0 BILL MOSES BOARD MEMBER 2.00 X 0 0 0 NIDHI MUNJAL BOARD MEMBER 2.00 X 0 0 0 WALLY SUPHAP BOARD MEMBER 2.00 X 0 0 0 ROWENA TOMANENG BOARD MEMBER 2.00 X 0 0 0 JASON WONG BOARD MEMBER 2.00 X 0 0 0 HANS YANG BOARD MEMBER 2.00 X 0 0 0 MAHRUKH HUSSAIN BOARD MEMBER 2.00 X 0 0 0 NOEL HARMON PRESIDENT & EXECUTIVE DIRECTOR 40.00 X 367212 0 27848 ELENA ANDERSON CHIEF OPERATING OFFICER 40.00 X 223956 0 15315 JULIE AJINKYA SENIOR VP & CHIEF STRATEGY OFFICER 40.00 X 199615 0 7970 SHYAM GADWAL VP, PROGRAMS 40.00 X 124287 0 9805 MELISSA MAY SENIOR DIRECTOR OF PROGRAMS 40.00 X 104386 0 8782 1019456 0 69720 5 0 1 0 ROBERT TERANISHI 14075 EASTRIDGE DR WHITTIER CA 90602 REASEARCH AND POLICY CONSULTANT 162000 1 261153 13336246 13597399 19318 19318 13616717 0 0 19318 7853240 7853240 525968 67379 292547 166042 1763663 1132171 308920 322572 17839 4209 10147 3483 102552 32268 53809 16475 167488 31835 102120 33533 38322 38322 47869 3296 44573 816816 582727 234089 18918 18918 222912 25020 193932 3960 181285 88518 86162 6605 235752 49098 186654 112408 68134 34599 9675 98642 38655 59987 33859 33859 4622 740 3882 HONORARIUM 127400 127400 DUES & SUBSCRIPTIONS 54946 39953 10633 4360 GIFTS 40000 2500 37500 BAD DEBT 25000 25000 24947 2666 21784 497 12514448 10149809 1797437 567202 861255 485810 29015449 4506323 3300133 3509138 130132 122346 311867 69836 275890 242031 749138 26775330 2270138 2045848 36602135 37686826 83458 240762 1566113 1983086 220000 122500 261153 2614231 2381029 4744955 4727377 X 26646737 26509303 5210443 6450146 31857180 32959449 36602135 37686826 1102269 0 X 0 1 X 1 0 X 19336088 16340921 15362950 39393662 13597399 104031020 19336088 16340921 15362950 39393662 13597399 104031020 4996580 99034440 19806 42016 30688 546 19318 112374 14532 3569 1441 16324 35866 104179260 50000 0.95060 0.95850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 217194 41822 175372 94673 28014 66659 242031 DEPOSITS 39195 RIGHT OF USE ASSET 2006653 2045848 OPERATING LEASE LIABILITY 2381029 2381029 X 13714717 98000 98000 13616717 0 13616717 12612448 98000 98000 12514448 0 12514448 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2022, APIASF HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 641 7853240 PART I, LINE 2: THE ORGANIZATION ISSUES FOUR TYPES OF SCHOLARSHIPS: 1) A FLAT AMOUNT TO FRESHMAN STUDENTS ONLY; 2) TWO YEAR, FOUR YEAR MULTIYEAR SCHOLARSHIPS, 3) SCHOLARSHIPS THAT MAY BE RENEWED WITH EVIDENCE OF COURSE COMPLETION WITH ACCEPTABLE GRADE POINT AVERAGE; 4) LAST DOLLAR AMOUNT MULTI-YEAR SCHOLARSHIPS ADMINISTERED THROUGH THE GATES MILLENIUM SCHOLARSHIP PROGRAM. THE ORGANIZATION HAS FULL TIME STAFF AND A SCHOLARSHIP COMMITTEE TO REVIEW, MONITOR AND EVALUATE THE SUCCESS OF ITS SCHOLARSHIP AWARDS. X X X 0 0 0 0 0 0 0 1 0 NOEL HARMON PRESIDENT & EXECUTIVE DIRECTOR 297212 0 70000 0 0 0 0 0 27848 0 395060 0 0 0 ELENA ANDERSON CHIEF OPERATING OFFICER 193956 0 30000 0 0 0 4500 0 10815 0 239271 0 0 0 JULIE AJINKYA SENIOR VP & CHIEF STRATEGY OFFICER 199615 0 0 0 0 0 0 0 7970 0 207585 0 0 0 PART I, LINE 7 THE FOLLOWING OFFICER AND EMPLOYEES RECEIVED BONUSES DURING 2021: NOEL HARMON $70,000 ELENA ANDERSON $30,000 MELISSA MAY $12,500 FORM 990, PART III, LINE 1 OUR VISION IS TO SEE THAT ALL ASIAN AMERICAN AND PACIFIC ISLANDERS HAVE ACCESS TO HIGHER EDUCATION AND RESOURCES THAT CULTIVATE THEIR ACADEMIC, PERSONAL AND PROFESSIONAL SUCCESS REGARDLESS OF THEIR ETHNICITY, NATIONAL ORIGIN OR FINANCIAL MEANS. WE CARRY OUT OUR MISSION BY: - PROVIDING SCHOLARSHIPS TO APIA STUDENTS; - FORGING PARTNERSHIPS AMONG CORPORATIONS, FOUNDATIONS, COMMUNITY ORGANIZATIONS AND INDIVIDUALS TO PROVIDE ADEQUATE FINANCIAL AND OTHER RESOURCES TO CARRY OUT OUR MISSION; - PROVIDING GUIDANCE, MENTORSHIP AND PROGRAMS TO FACILITATE STUDENTS' ACADEMIC SUCCESS, LEADERSHIP AND PROFESSIONAL GROWTH; - ESTABLISHING STRATEGIC ALLIANCES WITHIN APIA AND EDUCATIONAL COMMUNITIES; AND - COMPLETING SCHOLAR CENTERED RESEARCH PROJECTS TO PROVIDE DATA TO SUPPORT THE NEEDS OF THE APIA COMMUNITY STAKEHOLDERS AND INFORM EDUCATIONAL POLICY DECISION MAKERS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 13 FOUNDING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH FOUNDING MEMBER HAS THE RIGHT TO APPOINT ONE DIRECTOR TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS. THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE REVIEWED DRAFTS OF THE FORM 990 AS IT WAS BEING COMPLETED. THE ORGANIZATION PROVIDED A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE RESPONSIBLE FOR DISCLOSING ALL POSSIBLE AND POTENTIAL CONFLICTS OF INTEREST. SUCH DISCLOSURE IS MADE TO THE EXECUTIVE DIRECTOR. DISCLOSURE MAY BE ORAL OR IN WRITING. THE EXECUTIVE DIRECTOR EVALUATES THE SITUATION AND MAKES A DETERMINATION AS TO WHETHER A CONFLICT OR PERCEIVED CONFLICT EXISTS. WHEN PRESENTED WITH A QUESTIONABLE SITUATION, THE EXECUTIVE DIRECTOR CONSULTS THE CHAIRPERSON OF THE BOARD OF DIRECTORS. IF IT IS DETERMINED THAT AN ACTUAL OR PERCEIVED CONFLICT EXISTS, THE INTERESTED PERSON REMOVES HIM/HERSELF FROM ALL INVOLVEMENT IN THE SITUATION OR DECISION - INCLUDING NOT BEING PRESENT DURING RELATED DISCUSSIONS, NOT DISCUSSING THE SITUATION OR EXPRESSING AN OPINION TO STAFF OR BOARD MEMBERS WHO WILL MAKE THE DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S HUMAN RESOURCES COMMITTEE DETERMINES THE COMPENSATION FOR THE PRESIDENT/EXECUTIVE DIRECTOR AFTER REVIEWING COMPARABLE COMPENSATION DATA. THE ORGANIZATION ENTERS INTO A WRITTEN EMPLOYMENT AGREEMENT WITH THE PRESIDENT/EXECUTIVE DIRECTOR UPON HIRE. ALL DELIBERATIONS REGARDING THE PRESIDENT/EXECUTIVE DIRECTOR'S COMPENSATION, SUBSEQUENT TO HIRE, ARE CONTEMPORANEOUSLY DOCUMENTED. THE ORGANIZATION'S BOARD OF DIRECTORS RETAINED A PROFESSIONAL RECRUITING FIRM TO ATTRACT AND OBTAIN THE CURRENT PRESIDENT/EXECUTIVE DIRECTOR. THE ORGANIZATION DOES NOT PAY COMPENSATION TO ANY OF ITS OFFICERS OTHER THAN THE PRESIDENT/EXECUTIVE DIRECTOR AND THE CHIEF OPERATING OFFICER. THE PRESIDENT/EXECUTIVE DIRECTOR IS RESPONSIBLE FOR HIRING AND SETTING THE COMPENSATION FOR ALL OTHER EMPLOYEES. THE LAST COMPENSATION REVIEW TOOK PLACE IN SEPTEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.