2021-03-05T16:45:04-06:00 2020-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-07-01 133234632 THE ASIA SOCIETY % JULIA NELSON ASIA 2122886400 725 PARK AVENUE NEW YORK NY 100215088 JULIA NELSON CFO 2122886400 2021-03-04 true CHRISTINA ROSSETTI P01491094 2127589700 2021-03-03 2019 2022-09-23 18:48:47Z Kevin M Rudd 725 PARK AVENUE NEW YORK NY 100215088 39709385 false X WWW.ASIASOCIETY.ORG X 1956 NY The society is an international nonprofit NONPARTISAN ORGANIZATION WHICH CONNECTS people and institutions in asia and the world. 67 64 216 84 409 -1706 30162146 25220431 1969688 993600 1891900 3941557 1233561 880575 35257295 31036163 1080296 1244725 0 0 17338200 17598015 252021 182000 2944850 14053961 12563842 32724478 31588582 2532817 -552419 124467823 122806762 21794739 25073865 102673084 97732897 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. false false 5710047 0 153584 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. 7449333 89500 222378 POLICY AND BUSINESS PROGRAM DIVISION - THE ASIA SOCIETY POLICY INSTITUTE IS THE PRINCIPLE INITIATIVE IN THE POLICY AND BUSINESS PROGRAMS DIVISION. 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. 4126266 886215 563344 EDUCATION AND LEADERSHIP DIVISION - THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND YOUTH THEMSELVES TO CREATE A PIPELINE OF GLOBALLY COMPETENT YOUNG LEADERS WHO HAVE 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. 1428095 ONLINE OUTREACH 1826302 269010 54294 US CENTERS AND ASIAN ACTIVITIES 1378130 AUXILIARY SERVICES 4632527 269010 54294 21918173 true true false false false false false true false true true true false false true true true false false true true true false true true false false true true true true false false false false false false false false false true true true false false false false false false false true 167 0 true 216 true false true CH false false false true true false false false false false false X 67 64 true false false false false false false true true false true true true true true true true true true false false 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 X Kevin M Rudd President, ASPI 30.0 0.0 X X 981819 0 54141 JOSETTE M SHEERAN PRESIDENT & CEO 40.0 0.0 X X 944178 0 28970 Thomas Nagorski Executive VP 40.0 0.0 X 329786 0 50430 Orville Schell ARTHUR ROSS DIRECTOR 40.0 0.0 X 303256 0 39667 Boon Hui Tan VP For Global Arts, Cultural 40.0 0.0 X 282879 0 30374 Wendy Cutler VP Managing Director 40.0 0.0 X 291156 0 17616 Daniel Russel VP, Int'l Security 40.0 0.0 X 281613 0 11389 Julia Nelson CFO 40.0 0.0 X 273894 0 12901 Anthony Jackson VP Edu. & Dir. Center 40.0 0.0 X 225979 0 54296 Paula Hunker Chief Operations Officer 40.0 0.0 X 244564 0 25356 Anne Godshall Chief Merchandising Officer 40.0 0.0 X 200312 0 23539 Shane Williams-Ness Managing Dir., Philanthropy 40.0 0.0 X 200090 0 12576 Chan Heng Chee Co-Chair 1.0 0.0 X X 0 0 0 Betsy Z Cohen Vice Chair & Secretary 1.0 0.0 X X 0 0 0 Lewis B Kaden Vice Chair - END 06/2020 1.0 0.0 X X 0 0 0 Robert Niehaus Treasurer 1.0 0.0 X X 0 0 0 John L Thornton Co-Chair 1.0 0.0 X X 0 0 0 Lulu C Wang Vice Chair 1.0 0.0 X X 0 0 0 Nicolas Aguzin Trustee 1.0 0.0 X 0 0 0 HRH Turki al Faisal Trustee 1.0 0.0 X 0 0 0 Edward R Allen III Trustee 1.0 0.0 X 0 0 0 Isaac Applbaum Trustee 1.0 0.0 X 0 0 0 Francisco Aristeguieta Trustee - END 07/2019 1.0 0.0 X 0 0 0 Mohit Assomull Trustee 1.0 0.0 X 0 0 0 Joseph Y Bae Trustee 1.0 0.0 X 0 0 0 Nicolas Berggruen Trustee 1.0 0.0 X 0 0 0 Hamid Biglari Trustee 1.0 0.0 X 0 0 0 J Frank Brown Trustee 1.0 0.0 X 0 0 0 Michael S Chae Trustee 1.0 0.0 X 0 0 0 Albert Chao Trustee 1.0 0.0 X 0 0 0 Purnendu Chatterjee Trustee 1.0 0.0 X 0 0 0 Chen Guoqing Trustee 1.0 0.0 X 0 0 0 Duncan Clark Trustee 1.0 0.0 X 0 0 0 Henry Cornell Trustee 1.0 0.0 X 0 0 0 Frederick M Demopoulo Trustee 1.0 0.0 X 0 0 0 Beth E Dozoretz Trustee - END 11/2019 1.0 0.0 X 0 0 0 Richard Drobnick Trustee 1.0 0.0 X 0 0 0 Anne B Ehrenkranz Trustee - END 08/2019 1.0 0.0 X 0 0 0 J Michael Evans Trustee 1.0 0.0 X 0 0 0 Renee Fleming Trustee - END 05/2020 1.0 0.0 X 0 0 0 Jamshyd Godrej Trustee 1.0 0.0 X 0 0 0 Toyoo Gyohten Trustee 1.0 0.0 X 0 0 0 Susan S Hakkarainen Trustee 1.0 0.0 X 0 0 0 George G Hicks Trustee 1.0 0.0 X 0 0 0 Doris Magsaysay Ho Trustee 1.0 0.0 X 0 0 0 W Bradford Hu Trustee 1.0 0.0 X 0 0 0 Omar Ishrak Trustee 1.0 0.0 X 0 0 0 Mitchell R Julis Trustee 1.0 0.0 X 0 0 0 K S Sonny Kalsi Trustee 1.0 0.0 X 0 0 0 Adrian T Keller Trustee 1.0 0.0 X 0 0 0 Caroline Kennedy Trustee 1.0 0.0 X 0 0 0 Mahmood J Khimji Trustee 1.0 0.0 X 0 0 0 James Kondo Trustee 1.0 0.0 X 0 0 0 Ram Krishnan Trustee - 10/2019-05/2020 1.0 0.0 X 0 0 0 Chong-Moon Lee Trustee 1.0 0.0 X 0 0 0 Lee Hong-Koo Trustee 1.0 0.0 X 0 0 0 Ido Leffler Trustee 1.0 0.0 X 0 0 0 Jean Liu Trustee - EFFECTIVE 10/2019 1.0 0.0 X 0 0 0 Strive Masiyiwa Trustee 1.0 0.0 X 0 0 0 Harold McGraw III Trustee 1.0 0.0 X 0 0 0 Asheet Mehta Trustee 1.0 0.0 X 0 0 0 John D Negroponte Trustee 1.0 0.0 X 0 0 0 Harold J Newman Trustee 1.0 0.0 X 0 0 0 Gaoning Frank Ning Trustee 1.0 0.0 X 0 0 0 Indra K Nooyi Trustee 1.0 0.0 X 0 0 0 Richard Plepler Trustee 1.0 0.0 X 0 0 0 Thierry Porte Trustee 1.0 0.0 X 0 0 0 Stephen Riady Trustee 1.0 0.0 X 0 0 0 Charles P Rockefeller Trustee 1.0 0.0 X 0 0 0 Nicolas Rohatyn Trustee 1.0 0.0 X 0 0 0 Denise Saul Trustee 1.0 0.0 X 0 0 0 Stephen A Schwarzman Trustee 1.0 0.0 X 0 0 0 Neil Shen Trustee 1.0 0.0 X 0 0 0 Dong Bin Shin Trustee 1.0 0.0 X 0 0 0 Warwick L Smith Trustee 1.0 0.0 X 0 0 0 Jane Jie Sun Trustee - EFFECTIVE 03/2020 1.0 0.0 X 0 0 0 Harit Talwar Trustee 1.0 0.0 X 0 0 0 Oscar L Tang Trustee 1.0 0.0 X 0 0 0 Ernie Thrasher Trustee - effective 10/2019 1.0 0.0 X 0 0 0 Kenneth Wilcox Trustee 1.0 0.0 X 0 0 0 Zhang Xin Trustee 1.0 0.0 X 0 0 0 James D Zirin Trustee 1.0 0.0 X 0 0 0 Fernando Zobel de Ayal Trustee 1.0 0.0 X 0 0 0 Tina Duong VP,Affairs&Pships-EFF 06/2020 40.0 0.0 X 0 0 0 4559526 0 361255 34 false true false RHODIUM GROUP LLC 5 COLUMBUS CIRCLE SUITE 1801 NEW YORK NY 10019 CONSULTING 200000 COMMUNITY COUNSELLING SERVICE PO BOX 824885 PHILADELPHIA PA 191824885 Consulting 192000 STUDIO HUNEKE LLC 936 FULTON STREET 4A BROOKLYN NY 11238 CONSULTING 150000 CIPRIANI 25 BROADWAY 110 EAST 42ND STREET NEW YORK NY 10017 EVENTS & CATERING 124560 UNIVERSAL SERVICES OF AMERICA LP PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 121029 6 X 1037933 1410031 130664 22641803 2957303 25220431 EDUCATIONAL PROGRAM REVENUE 900099 597320 597320 GLOBAL POLICY AND BUSINESS PROGRAM 900099 140000 140000 PROGRAM ADMISSION FEES 900099 143187 143187 CO-SPONSOR FEE 900099 106593 106593 OTHER PROGRAM REVENUE 900099 6500 6500 993600 660720 660720 0 223801 223801 408784 14976 393808 0 393808 393808 11514978 8234141 3280837 3280837 3280837 364503 1410031 286052 78451 78451 0 0 0 322159 138053 184106 184106 INCOME FROM INVST LPS-SCH O 525990 409 409 409 31036163 993600 409 4821723 965715 965715 10000 10000 269010 269010 0 3381941 2511736 772350 97855 0 11240268 7736470 2256603 1247195 481929 327031 103027 51871 1442193 1041884 238851 161458 1051684 754326 189613 107745 0 547423 294592 213772 39059 123320 123320 0 182000 182000 449443 449443 3702309 2475763 721829 504717 41818 41818 1040550 562915 363937 113698 819635 301879 395986 121770 0 1251314 1027801 153229 70284 1408780 1144070 195055 69655 0 125661 112243 8060 5358 524717 424588 71476 28653 0 1641619 1337448 213555 90616 241405 68607 172798 PRINTING & PUBLICATIONS 178682 156741 4140 17801 EQUIP RENTAL & MAINT 461087 348581 77725 34781 OTHER RENOV COSTS 6079 4955 790 334 31588582 21918173 6725559 2944850 5254664 7073765 270130 124620 12632440 11380516 458962 3004659 0 0 0 0 0 0 114358 104598 609560 523463 56672122 36248105 20739520 20424017 40101137 35789223 44215854 44263803 0 0 0 0 71198 118098 124467823 122806762 3866002 3045602 0 0 0 0 0 0 0 0 0 0 15857035 17814289 0 0 2071702 4213974 21794739 25073865 X 2505926 -3403844 100167158 101136741 102673084 97732897 124467823 122806762 X -552419 -2245087 -2142681 X false true X true false X 24447612 28797534 30519057 30162146 25220431 139146780 0 0 24447612 28797534 30519057 30162146 25220431 139146780 23306779 115840001 1528821 1252521 1071404 1489580 1293305 6635631 0 0 145782411 14723985 0.79461 0.79500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 79320348 5135 1168801 4754188 75740096 69851751 9039976 4081891 3653270 79320348 63717346 3571506 6118894 3555995 69851751 55806396 1550000 10105612 3744662 63717346 61075888 2090000 -3804632 3554860 55806396 0.02380 0.97620 false false 2032010 2032010 39245836 23164882 16080954 15394276 13083223 2311053 0 0 0 20424017 LONG/SHORT HEDGE FUNDS 9398302 F ABSOLUTE RETURN HEDGE FUNDS 15817109 F OTHER FUND OF FUNDS 4078777 F EMERGING MARKET SECURITIES 7924467 F PRIVATE EQUITY 4914259 F DEVELOPED MARKET EQUITY TRUST 2130889 44263803 0 INTEREST RATE SWAP LIABILITIES 4213974 4213974 X 26273530 -2245087 -2142272 -4387359 30660889 449443 -74169 375274 31036163 31213717 74578 74578 31139139 449443 449443 31588582 Form 990, Schedule D, 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 2020 AND 2019, NO ART WAS ACQUIRED WITH DONOR-RESTRICTED FUNDS. FORM 990, SCHEDULE D, 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. Form 990, Schedule D, Part V 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. Form 990, Schedule D, Part X 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. Form 990, Schedule D, Part XI, LINE 2D CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ (2,142,272) Form 990, Schedule D, Part XI, LINE 4B RECLASS OF COGS (138,053) RECLASS OF SPECIAL EVENT EXPENSES 78,451 RECLASS OF RENTAL EXPENSES (14,976) INCOME FROM INVESTMENT IN LIMITED PARTNERSHIPS 409 ----------- TOTAL $ (74,169) Form 990, Schedule D, Part XII, Line 2d RECLASS OF COGS 138,053 RECLASS OF SPECIAL EVENT EXPENSES (78,451) RECLASS OF RENTAL EXPENSES 14,976 ----------- TOTAL $ 74,578 true East Asia and the Pacific 1 Program Services Consulting 22247 East Asia and the Pacific Program Services Conference 30197 Europe (Including Iceland and Greenland) Program Services Sponsorship 6000 East Asia and the Pacific Grantmaking 269010 Central America and the Caribbean Investments 20622303 Europe (Including Iceland and Greenland) Investments 2552254 1 1 23502011 23502011 East Asia and the Pacific SUPPORT-PT V 141160 WIRETRANSFER East Asia and the Pacific SUPPORT-PT V 127850 WIRETRANSFER 2 true false true true true false 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 AFFILIATE IN HONG KONG AND JAPAN. THE USE OF THESE GRANTS IS MONITORED THROUGH MONTHLY CONFERENCE CALLS AND QUARTERLY FINANCIAL REPORTING. Form 990, SCHEDULE F, Part I, Line 3, Column (d) ACTIVITIES CONDUCTED IN REGION ACTIVITIES CONDUCTED IN EAST ASIA AND THE PACIFIC REGION INCLUDE FOUR MEETINGS AND CONFERENCES: ASIA THOUGHT LEADERS ANNUAL SUMMIT 21, ASPI CHINA CARBON MARKETS, STEM PILOT WORKSHOP AND RSIS WORKSHOP. ONE SPONSORSHIP IN EUROPE: ASPI CARBON MARKET. 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 FY20 WAS TO SUPPORT THE ASIA SOCIETY HONG KONG AND JAPAN CENTER. 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116002037 JERICHO UFSD 10000 CHINESE LANGUAGE TEACHING KOLTER ELEMENTARY SCHOOL HISD GF1 GENERAL FUND 440 W 18TH STREET HOUSTON TX 77902 746001255 10000 CHINESE LANGUAGE TEACHING LAKE FOREST HIGH SCHOOL DISTRICT 115 300 S WAUKEGAN RD LAKE FOREST IL 60045 366004894 LAKE FOREST 8034 CHINESE LANGUAGE TEACHING LAKE FOREST SCHOOL DISTRICT 67 300 S WAUKEGAN RD LAKE FOREST IL 60045 366004894 LAKE FOREST 10000 CHINESE LANGUAGE TEACHING LAWRENCE HIGH SCHOOL(LAWRENCE TOWNSHIP PS) 2565 PRINCETON PIKE LAWRENCEVILLE NJ 08648 216000225 LAWRENCEVILLE 9996 CHINESE LANGUAGE TEACHING LITTLE RED SCHOOL HOUSE & ELISABETH IRWIN 40 CHARLTON STREET NEW YORK NY 10014 135562268 10000 CHINESE LANGUAGE TEACHING LOUISVILLE COLLEGIATE SCHOOL 2427 GLENMARY AVE LOUISVILLE KY 40204 610449630 501(C)(3) 9662 CHINESE LANGUAGE TEACHING MAINE SCHOOL ADMIN DISTRICT (MSAD #17) 232 MAIN ST SOUTH PARIS ME 04281 016006629 MSAD 8630 CHINESE LANGUAGE TEACHING MASSAPEQUA SCHOOL DISTRICT (MASSAPEQUA UFSD) 4925 MERRICK RD 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PISCATAWAY BOE 10000 CHINESE LANGUAGE TEACHING PRINCETON PUBLICREGIONAL SCHOOLS 25 VALLEY ROAD PRINCETON NJ 08540 221817947 PRINCETON 10000 CHINESE LANGUAGE TEACHING PVCICS(PIONEER VALLEY CHINESE IMMERSION CHARTER SC 317 RUSSELL STREET HADLEY MA 01035 331156447 501(C)(3) 24919 CHINESE LANGUAGE TEACHING REDDING SCHOOL OF THE ARTS 955 INAPIRATION PLACE REDDING CA 96003 753088185 501(C)(3) 10000 CHINESE LANGUAGE TEACHING REGENTS OF THE UNIVERSITY OF CALIFORNIA UCSD(UNIV 9500 GILMAN DRIVE LA JOLLA CA 92093 956006144 79500 Support for Task Force on US-China Policy SAMMAMISH HIGH SCHOOL 100 140TH AVE SE BELLEVUE WA 98005 916001637 BELLEVUE 10000 CHINESE LANGUAGE TEACHING SCHOOL BOARD OF PINELLAS COUNTY-SAFETY HARBOR MIDD 301 4TH ST SW LARGO FL 33770 596000799 9989 CHINESE LANGUAGE TEACHING SCHOOL DISTRICT OF JANESVILLE 527 S FRANKLIN ST JANESVILLE WI 53548 396002726 JSD 22805 CHINESE LANGUAGE TEACHING SALT LAKE EDUCATION FOUNDATION 440 EAST 100 SOUTH SALT LAKE CITY UT 84111 742563849 501(C)(3) 10000 CHINESE LANGUAGE TEACHING SIMSBURY PUBLIC SCHOOLS 933 HOPMEADOW ST SIMSBURY CT 06070 066001665 SIMBURY 9031 CHINESE LANGUAGE TEACHING Sunset Ridge School 1110 MAIN ST EAST HARTFORD CT 06108 066001609 EAST HARTFORD 10000 CHINESE LANGUAGE TEACHING SYRACUSE JUNIOR HIGH SCHOOL 1450 SOUTH 2000 WEST SYRACUSE UT 84075 876000487 10270 CHINESE LANGUAGE TEACHING THE PINGRY SCHOOL (THE PINGRY CORPORATION) 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 221493168 501(C)(3) 10000 CHINESE LANGUAGE TEACHING TUCSON HIGH MAGNET SCHOOL 1010 EAST 10TH STREET TUCSON AZ 85719 866000551 5500 CHINESE LANGUAGE TEACHING TYEE MIDDLE SCHOOL (BELLEVUE SCHOOL DIST) 12111 NE 1ST STREET BELLEVUE WA 98005 916001637 BELLEVUE 10000 CHINESE LANGUAGE TEACHING UNION COUNTY PUBLIC SCHOOLS 400 NORTH CHURCH ST MONROE NC 28112 566001123 MONROE 25000 CHINESE LANGUAGE TEACHING UNIVERSITY SCHOOL OF MILWAUKEE 2100 W FAIRY CHASM RD MILAUKEE WI 53217 396076442 501(C)(3) 10000 CHINESE LANGUAGE TEACHING WARDLAW-HARTRIDGE SCHOOL 1295 INMAN AVE EDISON NJ 08820 222109610 501(C)(3) 10000 CHINESE LANGUAGE TEACHING WASHINGTON INTERNATIONAL SCHOOL 3100 MACOMB STREET NW WASHINGTON DC 20008 520822077 501(C)(3) 10000 CHINESE LANGUAGE TEACHING WEST HARTFORD PUBLIC SCHOOLS 50 SOUTH SLOPE DRIVE BERLIN CT 06037 066002124 WHPSD 10000 CHINESE LANGUAGE TEACHING WEST ORANGE PUBLIC SCHOOLS 179 EAGLE ROCK AVENUE WEST Orange NJ 07052 226002398 WEST ORANGE 9552 CHINESE LANGUAGE TEACHING YSLETA INDEPENDENT SCHOOL DISTRICT 9600 SIMS DRIVE EL PASO TX 79925 746002473 YISD 10000 CHINESE LANGUAGE TEACHING 67 10 Oz Prize Award 1 10000 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 THE OSBORN ELLIOTT PRIZE FOR EXCELLENCE IN JOURNALISM ON ASIA HONORS A LEGENDARY JOURNALIST WHOSE INCLUSIVE PUBLIC DIALOGUE AND CIVIC ENGAGEMENT CHARACTERIZED HIS LIFE'S WORK. A $10,000 CASH AWARD, GIVEN ANNUALLY, THAT RECOGNIZES THE BEST EXAMPLE OF JOURNALISM ABOUT ASIA DURING THE CALENDAR YEAR. X X true true X X X X false false false false false false false true false Kevin M Rudd President, ASPI 741423 0 0 240396 0 16800 0 37341 0 1035960 0 0 0 JOSETTE M SHEERAN PRESIDENT & CEO 604760 0 200000 0 139418 0 16800 0 12170 0 973148 0 0 0 Thomas Nagorski Executive VP 325528 0 4000 0 258 0 16800 0 33630 0 380216 0 0 0 Boon Hui Tan VP For Global Arts, Cultural 279741 0 3000 0 138 0 16800 0 13574 0 313253 0 0 0 Julia Nelson CFO 273036 0 0 0 858 0 0 0 12901 0 286795 0 0 0 Anthony Jackson VP Edu. & Dir. Center 222217 0 3000 0 762 0 14145 0 40151 0 280275 0 0 0 Paula Hunker Chief Operations Officer 218802 0 6000 0 19762 0 14437 0 10919 0 269920 0 0 0 Orville Schell ARTHUR ROSS DIRECTOR 302020 0 0 0 1236 0 16800 0 22867 0 342923 0 0 0 Wendy Cutler VP Managing Director 284760 0 6000 0 396 0 16800 0 816 0 308772 0 0 0 Daniel Russel VP, Int'l Security 274851 0 6000 0 762 0 10789 0 600 0 293002 0 0 0 Anne Godshall Chief Merchandising Officer 195054 0 5000 0 258 0 11907 0 11632 0 223851 0 0 0 Shane Williams-Ness Managing Dir., Philanthropy 200000 0 0 90 0 12000 0 576 0 212666 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1a FIRST-CLASS OR CHARTER TRAVEL: IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT, FIRST CLASS TRAVEL IS PROVIDED FOR THE PRESIDENT OF THE ASIA SOCIETY POLICY INSTITUTE (ASPI). THIS IS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSON USE: THE PRESIDENT AND CEO, AND PRESIDENT-ASPI ARE PROVIDED A HOUSING ALLOWANCE. THIS IS TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THEIR FORM W-2. FORM 990, SCHEDULE J, PART I, LINE 7 THE PRESIDENT'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. CERTAIN OFFICERS ARE ELIGIBLE FOR A PERFORMANCE BONUS BASED ON ACHIEVEMENTS OF PRE-ESTABLISHED GOALS. THE RANGE OF THE BONUS IS UP TO 10% OF ANNUAL SALARY. 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 ISSUE false false false A 1085000 0 16795000 0 0 0 335900 97499 0 0 16361601 0 2015 true false true true A 0 A false true true false true TORONTO DOMINION 30. false false false 0 false true A true 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 1480000 Invest Cap Contributions false 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, 2020. X 15 2957303 Average Market Price false true false Form 990, Schedule M, Part I, Line 1(B) THE NUMBER REPORTED ON LINE 1(B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. Form 990, Schedule M, Part I, Line 31 THE ASIA SOCIETY HAS A GIFT ACCEPTANCE POLICY PERTAINING TO THE REVIEW OF POTENTIAL CONTRIBUTIONS OF ART. Form 990, Part III, Line 4a 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 OF ASIAN AND ASIAN AMERICAN ARTS AND CULTURE. 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 4b POLICY AND BUSINESS PROGRAMS DIVISION THE ASIA SOCIETY POLICY INSTITUTE IS THE PRINCIPLE INITIATIVE IN THE POLICY AND BUSINESS PROGRAMS DIVISION. 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, EXPERTS FELLOWS, AND THE PREMIER ASIA-WIDE NETWORK OF ADVISORS AND EXPERTS, ASPI PROVIDES A UNIQUE PLATFORM FOR POLICY DEVELOPMENT. IT BOASTS A TRULY ASIA-WIDE SCOPE, PARTICIPATION FROM BUSINESS AND POLICY LEADERS to WORLD-LEADING CONVENING AND RESEARCH CAPABILITIES. WE BELIEVE 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 THE CHINA ECONOMIC REFORM DASHBOARD WHICH SETS OUT A SERIES OF MEASURES AND ISSUES QUARTERLY REPORTS ON HOW THE REFORMS ARE WORKING, TOWARD A NORTHEAST ASIA CARBON MARKET, WHICH FACILITATES CHINA, SOUTH KOREA AND JAPAN COLLABORATION TO ACHIEVE THIS GOAL; 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. 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 BOTH 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. Form 990, Part III, Line 4c EDUCATION AND LEADERSHIP PROGRAMS DIVISION THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND YOUTH THEMSELVES TO CREATE A PIPELINE OF GLOBALLY COMPETENT YOUNG LEADERS WHO HAVE 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 SCHOOL MODELS 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 CENTERPIECE OF THE WORK IS THE INTERNATIONAL SCHOOLS STUDIES NETWORK, A NATIONAL NETWORK OF SECONDARY SCHOOLS DEVOTED TO INTERNATIONAL STUDIES AND WORLD LANGUAGES. THE DIGITAL CONVERSION OF THE PROFESSIONAL DEVELOPMENT RESOURCES HAS ENABLED THE DIVISION TO GREATLY EXPAND THE REACH OF THE WORK, WHICH HAS BEEN CRITICAL DURING THE CURRENT PANDEMIC. 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 LANGAUGE 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 PREMIER EDUCATION LEADERS IN THE U.S. AND ASIA ARE CONVENED TO SPARK INNOVATIONS THAT PROMOTE HIGHER ACHIEVEMENT AND GLOBAL COMPETENCE IN MILLIONS THROUGH THE GLOBAL CITIES EDUCATION NETWORK. IT IS THE ONLY MECHANISM IN EXISTENCE 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 RECOMMMENDATIONS BASED ON BEST PRACTICES. RESEARCH IS COMMISSIONED TO SUPPORT THE DISCUSSIONS. 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. 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 RESEARCH RESULTS FROM ASIA SOCIETY'S ANNUAL ASIAN PACIFIC AMERICANS (APA) CORPORATE SURVEY REPORT, AN ANNUAL STUDY THAT EXAMINES BARRIERS TO AND BEST PRACTICES FOR CAREER ADVANCEMENT OF APAS AND KEYNOTE AND PLENARY SESSION PRESENTATIONS FEATURING EXECUTIVES FROM GLOBAL FORTUNE 1000 COMPANIES; AND SMALL GROUP DISUSSION TRACKS. A SECOND DAY EXPLORES MARKETING TO ASIANS AND ASIAN-AMERICANS. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES ONLINE OUTREACH DIVISION THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES. THE WORK OF THE ONLINE OUTREACH DIVISION INCLUDES CONTRIBUTIONS FROM HEADQUARTERS AS WELL AS OUR TWELVE 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. THE SOCIETY'S EDUCATION DIVISION PROVIDES INNOVATIVE ONLINE CURRICULUM MATERIALS AND STUDY AIDS TO EDUCATORS AND STUDENTS AT THE ELEMENTARY AND SECONDARY LEVELS. IN ALL, A WEALTH OF INFORMATION ABOUT ASIA AT THE FINGERTIPS OF THE WORLD. 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.) ASIAN ACTIVITIES 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 OPERATES IN CONCERT WITH ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. EUROPEAN ACTIVITIES AN AFFILIATE CENTER WAS ESTABLISHED IN ZURICH, SWITZERLAND that is also a SEPARATE, LEGAL AND FINANCIALLY INDEPENDED ENTITY AND OPERATEs IN CONCERT WITH ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. (NOT INCLUDED IN THE FINANCIAL MATERIALS IN THE FORM 990). AUXILIARY SERVICES THE SOCIETY OPERATES A SPECIALIZED STORE AND CAF AND PROVIDES 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 CAF PROVIDES ASIAN-INSPIRED FOODS TO NEW YORK CITY DINERS. THE AUDITORIUM, CAF 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 IN JANUARY 2020, THE WORLD HEALTH ORGANIZATION RECOGNIZED THE NOVEL STRAIN OF CORONAVIRUS, COVID-19, AS A PANDEMIC. BEGINNING MARCH 2020, THE SOCIETY WAS TEMPORARILY CLOSED TO THE PUBLIC IN ACCORDANCE WITH NEW YORK STATE EXECUTIVE ORDERS AND GUIDANCE RELATED TO THE PANDEMIC. THE SOCIETY REOPENED IN OCTOBER 2020 IN ACCORDANCE WITH NEW YORK STATE SAFETY GUIDANCE AND DIRECTIVES, INCLUDING ATTENDANCE CAPACITY LIMITATIONS, AND LAUNCHED NEW YORK CITY'S FIRST ASIA SOCIETY TRIENNIAL OF ARTS EXHIBITION. ALTHOUGH THE INCIDENCE OF COVID-19 HAS AFFECTED THE SOCIETY'S FISCAL YEAR'S 2020 OPERATING RESULTS, THE ORGANIZATION WAS ABLE TO QUICKLY PRIVOT TO REMOTE WORKING, PROVIDING HUNDREDS OF ONLINE PROGRAMS FROM ACROSS ITS GLOBAL CENTERS AND REACHING A GLOBAL AUDIENCE. 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, 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, 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, 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, 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, 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 VIII, Line 11a INCOME FROM INVESTMENTS IN LIMITED PARTNERSHIP DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P. $ 417 Arbour Lane Credit Opportunity Fund II (B) L.P. (8) ------------ TOTAL $ 409 FORM 990, PART XI, LINE 9 OTHER CHANGE IN NET ASSETS CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $(2,142,272) INCOME FROM INVESTMENT IN LIMITED PARTNERSHIPS (409) ------------- TOTAL $(2,142,681) FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING /OTHER PROF. FEES TOTAL FEES:2869972 FORM 990 PART IX LINE 11G DESCRIPTION:EMPLOYMENT AGENCY SERVICES TOTAL FEES:46035 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING EXPENSE TOTAL FEES:112546 FORM 990 PART IX LINE 11G DESCRIPTION:ARTIST FEES, PHOTOGRAPHER TOTAL FEES:204900 FORM 990 PART IX LINE 11G DESCRIPTION:HONORARIUM TOTAL FEES:128781 FORM 990 PART IX LINE 11G DESCRIPTION:PACKING TOTAL FEES:24203 FORM 990 PART IX LINE 11G DESCRIPTION:FRAMING & MOUNTING TOTAL FEES:31200 FORM 990 PART IX LINE 11G DESCRIPTION:CONSERVATION TOTAL FEES:38142 FORM 990 PART IX LINE 11G DESCRIPTION:SECURITY SERVICE FEES TOTAL FEES:195360 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL SERVICES TOTAL FEES:51170