2013-11-15T11:48:39-06:00 2012-12-31 560574444 CHERRY BEKAERT LLP 1075 PEACHTREE STREET STE 2200 ATLANTA GA 303093482 990 2012-01-01 581906959 ASIAN AMERICAN HOTEL OWNERS ASSOCIATION ASIA 4048165759 7000 PEACHTREE DUNWOODY ROAD BLDG 7 ATLANTA GA 30328 FRED SCHWARTZ 4048165759 2013-11-11 1 CHRISTINE W PIERCE P00436339 4042090954 2012 2016-02-25 16:41:14Z FRED SCHWARTZ 7000 PEACHTREE DUNWOODY ROAD BLDG 7 ATLANTA GA 30328 7779363 0 X WWW.AAHOA.ORG X 1990 GA THE AAHOA'S PURPOSE IS TO PROMOTE AND SUPPORT THE GROWTH AND SUCCESS OF HOTEL, MOTEL, AND TRANSIENT LODGING FACILITY OWNERSHIP AND MANAGEMENT BY INDIVIDUALS OF ASIAN-AMERICAN ANCESTRY. THE ASSOCIATION HAS OVER 10,000 MEMBERS OWNING MORE THAN 20,000 HOTELS ACROSS THE UNITED STATES. 32 32 20 32 263250 130409 0 0 5509190 5617834 100986 94691 1515088 2066838 7125264 7779363 12500 15000 0 0 1303952 1392158 0 0 0 5476258 5499142 6792710 6906300 332554 873063 6718308 7598792 3926 20840 6714382 7577952 X THE AAHOA'S PURPOSE IS TO PROMOTE AND SUPPORT THE GROWTH AND SUCCESS OF HOTEL, MOTEL, AND TRANSIENT LODGING FACILITY OWNERSHIP AND MANAGEMENT BY INDIVIDUALS OF ASIAN-AMERICAN ANCESTRY. THE ASSOCIATION HAS OVER 10,000 MEMBERS OWNING MORE THAN 20,000 HOTELS ACROSS THE UNITED STATES. 0 0 AAHOA ORGANIZES ONE OF THE LARGEST AND MOST INFLUENTIAL ANNUAL CONFERENCE AND TRADE SHOWS IN THE COUNTRY TO EDUCATE ASIAN AMERICANS IN THE HOTEL INDUSTRY. THOUSANDS OF MEMBERS AND NON-MEMBERS ATTENDED THIS YEAR'S CONFERENCE HELD IN ATLANTA, GEORGIA. THE AAHOA ORGANIZES AND SUPPORTS REGIONAL AND TOWN HALL MEETINGS TO ADDRESS MEMBER'S EDUCATIONAL AND SUPPORT NEEDS. THE AAHOA HAS AN INNOVATIVE EDUCATIONAL SEMINAR PROGRAM THAT INCLUDES FEATURES SUCH AS E-LEARNING, A CERTIFIED HOTEL OWNER'S PROGRAM CERTIFICATION, AND SUPPORT OF HOSPITALITY SCHOOLS THAT ADDRESS ISSUES FROM FINANCIAL MANAGEMENT TO BEST INDUSTRY PRACTICES. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 14 0 1 20 1 1 1 0 0 0 0 0 0 0 X 32 32 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 GA X FRED SCHWARTZ 4048165759 7000 PEACHTREE DUNWOODY ROAD NE ATLANTA GA 30328 ALKESH R PATEL 3.00 3.00 X X 0 0 0 FRED SCHWARTZ 40.00 X X 230976 0 0 MEHUL B PATEL 3.00 3.00 X X 0 0 0 PRATIK R PATEL 3.00 3.00 X X 0 0 0 ANAND G PATEL 1.00 1.00 X 0 0 0 ARVIND G PATEL 1.00 1.00 X 0 0 0 ATUL G PATEL 1.00 1.00 X 0 0 0 BHAVESH B PATEL 1.00 1.00 X 0 0 0 CHANDRESH BRAHMBHATT 1.00 1.00 X 0 0 0 DHARMENDRA PATEL 1.00 1.00 X 0 0 0 DILIPKUMAR S PATEL 1.00 1.00 X 0 0 0 DINESH S RAMA 1.00 1.00 X 0 0 0 DIPAK N PATEL 1.00 1.00 X 0 0 0 JAY R PATEL 3.00 3.00 X X 0 0 0 JAYESH R PATEL 1.00 1.00 X 0 0 0 JAYESH JAY PATEL 1.00 1.00 X 0 0 0 MITESH PATEL 1.00 1.00 X 0 0 0 NIMESH A ZAVER 1.00 1.00 X 0 0 0 PARESH PATEL 1.00 1.00 X 0 0 0 RAMESH K PATEL 1.00 1.00 X 0 0 0 BHARAT PATEL 1.00 1.00 X 0 0 0 HITESH PATEL 1.00 1.00 X 0 0 0 JAGRUTI PANWALA 1.00 1.00 X 0 0 0 SATISH GABHAWALA 1.00 1.00 X 0 0 0 DAVE PATEL 1.00 1.00 X 0 0 0 FAHEEM KHAN 1.00 1.00 X 0 0 0 PRATIK BHAKTA 1.00 1.00 X 0 0 0 SANJAY PATEL 1.00 1.00 X 0 0 0 SURESH PATEL 1.00 1.00 X 0 0 0 JITENDRA DEVA 1.00 1.00 X 0 0 0 JAYESH LALLU 1.00 1.00 X 0 0 0 KETAN PATEL 1.00 1.00 X 0 0 0 KOMAL TINA PATEL 1.00 1.00 X 0 0 0 LAURA LEE BLAKE 32.00 8.00 X 129170 0 0 360146 0 0 2 0 1 0 AMERICAN EXPRESS PO BOX 650448 DALLAS TX 75265 CREDIT 585120 JAY BAHRAT FOOD INC 7871 PARAMOUNT BLVD PICO RIVERA CA 90660 SUPPLIES 262120 WASHINGTON SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 EVENT SERVICES 208484 KAPOOR AND KAPOOR 41 N GARFIELD AVE SUITE 204 ALHAMBRA CA 91801 CONSULTING 190225 HOSPITALITY EDUCATORS 4022 E GREENWAY RD SUITE 11-151 PHOENIX AZ 85032 CONSULTING 167157 7 ANNUAL CONVENTION 721110 2372533 2372533 MEMBERSHIP DUES 721110 2363613 2363613 REGIONAL MEETINGS 721110 464335 464335 LIFETIME MEMBERS 721110 288374 288374 EDUCATION PROGRAMS 721110 103979 103979 25000 25000 5617834 94691 94691 1803409 1803409 ADVERTISING INCOME 541800 263250 263250 MISCELLANEOUS INCOME 721110 179 179 263429 7779363 7421422 263250 94691 5000 10000 360146 925701 20677 85634 42827 11561 188003 119581 77005 306548 128083 261395 276831 3263078 67178 152000 UBI TAX EXPENSE 12204 EDUCATIONAL PROGRAMS 305103 COMMUNICATIONS 123263 SPONSORSHIPS 113675 50807 6906300 948964 1320677 4302918 4390273 457638 449287 1330381 541512 829797 788869 178991 649686 6718308 7598792 3926 20840 3926 20840 X 0 0 0 0 6714382 7577952 6714382 7577952 6718308 7598792 873063 -9493 0 X X 0 1 X 1 0 126297 0 0 0 0 2363613 PART IV, SUPPLEMENTAL INFORMATION: THE ORGANIZATION CONTRIBUTES TO MULTIPLE ORGANIZATIONS AND CANDIDATES WHO SUPPORT CAUSES AND LEGISLATIVE PRIORITIES OF THE AAHOA. 87120 87120 704880 99655 605225 169176 122427 46749 369205 319430 49775 788869 MUTUAL FUNDS 495374 F CORP. FIXED INCOME BONDS 154312 F 649686 X 7769870 -9493 -9493 7779363 0 7779363 6906300 0 6906300 0 6906300 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986 AND RELEVANT STATE TAX REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED BUSINESS INCOME. THE ASSOCIATION GENERATES UNRELATED BUSINESS INCOME FROM ADVERTISING ROYALTIES AND FOR EXCISE TAX ON LOBBYING ACTIVITIES. NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS, AS THE ASSOCIATION'S UNRELATED BUSINESS TAXABLE INCOME WAS OFFSET BY UNRELATED BUSINESS LOSS CARRYOVERS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2009. 1 0 0 0 0 0 0 0 0 0 SCHOLARSHIP TO ATTEND UNIVERSITY INDIA 1 10000 CHECK SENT TO UNIVERSITY 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: STUDENTS THAT HAVE BEEN APPROVED FOR A SCHOLARSHIP WILL INFORM THE ORGANIZATION OF THE UNIVERSITY THEY WILL BE ATTENDING. THE ORGANIZATION THEN SENDS THE CHECK DIRECTLY TO THE UNIVERSITY TO BE CREDITED TO THE STUDENT'S ACCOUNT. 1 UNIVERSITY OF CALIFORNIA DAVIS UC REGENTS PO BOX 989062 WEST SACRAMENTO CA 957989062 946036494 115 5000 FMV SCHOLARSHIP FUNDING 1 0 X X X 0 0 0 FRED SCHWARTZ 230976 0 0 0 0 0 0 0 0 0 230976 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALKESH PATEL, A FORMER CHAIRMAN AND NON VOTING MEMBER OF THE BOARD WHO ONLY VOTES TO BREAK TIE VOTES IS A BLOOD RELATIVE OF THE VOTING BOARD MEMBER KOMAL PATEL. THE BOARD IS AWARE OF THE RELATIONSHIP AND APPROPRIATELY MONITORS EACH RELATIONSHIP AS THEY OCCUR AS NEEDED. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED THIS TAX YEAR. THE AMENDED CHANGES INCLUDE: 1. ANY BOARD MEMBER OR TEN PERCENT OF THE ELIGIBLE VOTING MEMBERSHIP MAY NOW PROPOSE IN WRITING, ADDRESSED TO THE CHAIRMAN OF THE BOARD, ADDITIONS, CHANGES, OR DELETIONS OF BYLAWS. 2. THE CHAIRMAN WILL NOTIFY THE BOARD MEMBERS, WITH AT LEAST 10 DAYS NOTICE, THAT THE BOARD MEMBERS THAT THE PROPOSED AMENDMENT TO THE BYLAWS WILL BE CONSIDERED AT THE NEXT MEETING. 3.A VOTE WILL BE HELD ON THE PROPOSED AMENDMENT IF AT LEAST 75% OF THE BOARD MEMBERS ARE PRESENT, ANY AMENDMENT MUST PASS WITH 75% APPROVAL. IF MINIMUM QUORUM IS NOT REACHED THE BOARD MEMBERS WHO DID NOT ATTEND WILL BE SENT BALLOTS BY MAIL. IF WITHIN 30 DAYS THE CHAIRMAN RECEIVES UNANIMOUS VOTES IN FAVOR OF THE AMENDMENT IT SHALL HAVE THE SAME FORCE AS IF 75% ATTENDANCE WAS REACHED AT THE MEETING. 4. APPROVED CHANGES TO THE BYLAWS WILL BE FILED IN THE AAHOA OFFICE AND WILL BE EFFECTIVE 30 DAYS AFTER APPROVAL.COPIES OF BYLAWS ARE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 6 AAHOA IS A 501(C)(6) TRADE AND MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE AAHOA MEMBERS ELECT THE BOARD OF DIRECTORS AND GOVERNING BODY ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY IS SUBJECT TO APPROVAL BY THE MEMBERS OF THE AAHOA. FORM 990, PART VI, SECTION B, LINE 11 AFTER THE 990 RETURN IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM, THE FORM IS FIRST REVIEWED BY THE VP OF FINANCE, DON BOLLMER, AND THEN IS SUBSEQUENTLY REVIEWED BY LAURA LEE BLAKE, THE VP OF FAIR FRANCHISING, GOVERNMENT AFFAIRS, & GENERAL COUNSEL, AND BY FRED SCWARTZ, THE PRESIDENT. ONCE THE FORM HAS BEEN EXAMINED, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS, AND IS DEEMED TO THE BEST OF THEIR KNOWLEDGE AND BELIEF TO BE TRUE, CORRECT, AND COMPLETE, MR. SCHWARTZ SUBMITS THE FORM TO THE ENTIRE BOARD OF DIRECTORS ELECTRONICALLY FOR THEIR REVIEW PRIOR TO THE NEXT BOARD MEETING. EACH BOARD MEMBER HAS AN OPPORTUNITY TO REVIEW THE FORM AND A REASONABLE PERIOD OF TIME TO BRING FORWARD ANY QUESTIONS OR POTENTIAL REVISIONS. UPON BOARD APPROVAL MR. SCHWARTZ SIGNS THE ELECTRONIC FILING AUTHORIZATION AND SUBMITS IT TO CHERRY BEKAERT LLP TO BE ELECTRONICALLY FILED BY THE FIRM. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND DIRECTORS OF THE ORGANIZATION RECEIVE ANNUALLY A CONFLICT OF INTEREST POLICY TO REVIEW AND SIGN. IN AN EVENT OF A POTENTIAL CONFLICT OF INTEREST OF A BOARD MEMBER SUCH BOARD MEMBER WILL RECUSE HIM/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. COPIES OF THE SIGNED POLICY STATEMENTS ARE MAINTAINED AND INTERNALLY REVIEWED BY INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES IS DETERMINED BY INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS WITHOUT THE PRESENCE OF THE EMPLOYEES UNDER REVIEW.COMPENSATION PACKAGES INCLUDING SALARY AND EMPLOYEE BENEFITS IS DETERMINED TO BE INDUSTRY COMPARABLE IN AN ANNUAL EVALUATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAITAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS IN PERMANENT FILES WHICH ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST. AUDIT REVIEW PROCESS: PART XII, LINCE 2C: THE PROCESS TO REVIEW THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR. ASIAN AMERICAN HOTEL OWNERS ASSOCIATION SCHOLARSHIP FUND 7000 PEACHTREE DUNWOODY RD NE BLDG ATLANTA GA 30328 311529885 PROVIDE SCHOLARSHIPS FOR ASIAN AMERICAN HOSPITALITY STUDENTS GA 501 (C)(3) LINE 11 ASIAN AMERICAN HOTEL OWNER'S ASSOCIATION 0 AAHOA CHARITABLE FUND 7000 PEACHTREE DUNWOODY RD NE BLDG ATLANTA GA 30328 453039286 SUPPORT AAHOA'S CHARITABLE EFFORTS GA 501 (C)(3) LINE 11 ASIAN AMERICAN HOTEL OWNER'S ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0