ASIAN ARTS INITIATIVE: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: ASIAN ARTS INITIATIVE (EIN 23-2827657)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-05-31
IRS object ID: 201131519349300003
Schema version: 2009v1.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-31T06:59:07-07:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JULIAN SUR CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	675 LANCASTER AVE	AddressLine1
City	BERWYN	City
State	PA	State
ZIP Code	193121636	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	232827657	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ASIAN ARTS INITIATIVE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ASIA	NameControl
Phone	2155570455	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1219 VINE ST	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19107	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GAYLE ISA	Name
Title	PRESIDENT	Title
Phone	2155570455	Phone
Date Signed	2011-04-21	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JULIAN SUR CPA	Name
Phone	6106474833	Phone
Date Prepared	2011-05-31	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GAYLE ISA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1219 VINE ST	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19127	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3543525	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	http://www.asianartsinitiative.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1993	YearFormation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	The Asian Arts Initiative is grounded in the belief that the arts can provide an important political and cultural voice for the Asian American community in Philadelphia. It serves as a community arts center where artists and everyday people explore and express their diverse experiences as Asian Americans.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	14	NbrIndependentVotingMembers
Total Nbr Employees	9	TotalNbrEmployees
Total Nbr Volunteers	150	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	320070	ContributionsGrantsPriorYear
Contributions Grants Current Year	3512009	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	62187	ProgramServiceRevenuePriorYear
Program Service Revenue CY	28894	ProgramServiceRevenueCY
Investment Income Prior Year	11625	InvestmentIncomePriorYear
Investment Income Current Year	2622	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	393882	TotalRevenuePriorYear
Total Revenue Current Year	3543525	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	252490	SalariesEtcPriorYear
Salaries Etc Current Year	239932	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	76783	TotalFundrsngExpCurrentYear
Other Expense Prior Year	303169	OtherExpensePriorYear
Other Expenses Current Year	304705	OtherExpensesCurrentYear
Total Expenses Prior Year	555659	TotalExpensesPriorYear
Total Expenses Current Year	544637	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-161777	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2998888	RevenuesLessExpensesCY
Total Assets BOY	2883867	TotalAssetsBOY
Total Assets EOY	8095056	TotalAssetsEOY
Total Liabilities BOY	18743	TotalLiabilitiesBOY
Total Liabilities EOY	2231044	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2865124	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	5864012	NetAssetsOrFundBalancesEOY
Mission Description	The Asian Arts Initiative is grounded in the belief	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	372140	Expense
Revenue	2427766	Revenue
Description	THE ASIAN ARTS INITIATIVE OFFERS PERFORMANCES, EXHIBITIONS, WORKSHOPS AND TRAINING FOR ARTISITS, YOUTH AND ADULTS WHO SHARE ITS MISSION OF COMMUNITY BASED ARTS. THE ASIAN ARTS INITIATIVE IS A UNIQUE AND VITAL CIVIC SPACE WHERE ARTISTS AND EVERYDAY PEOPLE CAN THINK CRITICALLY ABOUT THE EXPERIENCES OF ASIAN AMERICANS IN PHILADELPHIA. IT IS A MEETING PLACE FOR PEOPLE WHO LACK ACCESS TO MAINSTREAM MEDIA, EDUCATION AND ARTS BECAUSE OF BARRIERS OF LANGUAGE, CULTURE RACE AND MONEY. IT SERVES A DIVERSE CONSTITUENCY OF ASIAN IMMIGRANTS, ASIAN AMERICANS BORN IN THE US AND NON ASIANS WHO COME TOGETHER TO GIVE VOICE TO THEIR EXPERIENCES, RAISE AWARENESS OF ISSUES FACING THEM AND IMAGINE THEIR COLLECTIVE POSSIBILITIES FOR SOCIAL CHANGE.	Description
Total Program Service Expense	372140	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	15	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	9	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Nbr Voting Governing Body Members	15	NbrVotingGoverningBodyMembers
Number Independent Voting Members	14	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GAYLE ISA	NamePerson
Telephone Number	2155570455	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1219 VINE STREET	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19107	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
GAYLE ISA
Executive director	70.00	X	X	X	X	70000	0	13500
BONNIE CHONG
Director	2.00	X				0	0	0
EDWARD GARCIA
Director	2.00	X				0	0	0
GERRY GIVNISH
Director	2.00	X				0	0	0
CHAITRA GOKUL
Director	2.00	X				0	0	0
PTHAO LE
Director	2.00	X				0	0	0
SOPHIA LEE
Director	2.00	X				0	0	0
PATRICIA MA
Director	2.00	X				0	0	0
ROBERT MINTON
Director	2.00	X				0	0	0
SALLY MUNEMITSU
Director	2.00	X				0	0	0
HIRO NISHIKAWA
Director	2.00	X				0	0	0
EVA RAY
Director	2.00	X				0	0	0
AVIK ROY
Treasurer	4.00	X				0	0	0
THU TRAN
Director	2.00	X				0	0	0
STEPHANIE WALTERS
Director	1.00	X				0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	70000	TotalReportableCompFromOrg
Total Other Compensation	13500	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	2819102	GovernmentGrants
All Other Contributions	692907	AllOtherContributions
Noncash Contributions	7732	NoncashContributions
Total Contributions	3512009	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Box office	999999	16924	16924
Collaborations	999999	11970	11970

Field	Value	IRS element (for citing)
Total Program Service Revenue	28894	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2622	TotalRevenueColumn
Related Or Exempt Function Income	2622	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3543525	TotalRevenueColumn
Related Or Exempt Function Income	31516	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	70000	Total
Program Services	56000	ProgramServices
Management And General	3500	ManagementAndGeneral
Fundraising	10500	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	133702	Total
Program Services	64184	ProgramServices
Management And General	33166	ManagementAndGeneral
Fundraising	36352	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	19501	Total
Program Services	11506	ProgramServices
Management And General	3510	ManagementAndGeneral
Fundraising	4485	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	16729	Total
Program Services	9870	ProgramServices
Management And General	3011	ManagementAndGeneral
Fundraising	3848	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	18591	Total
Program Services	930	ProgramServices
Management And General	15802	ManagementAndGeneral
Fundraising	1859	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	2111	Total
Program Services	211	ProgramServices
Management And General	1689	ManagementAndGeneral
Fundraising	211	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	119989	Total
Program Services	101990	ProgramServices
Management And General	13199	ManagementAndGeneral
Fundraising	4800	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	2789	Total
Program Services	2371	ProgramServices
Management And General	279	ManagementAndGeneral
Fundraising	139	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	38993	Total
Program Services	33144	ProgramServices
Management And General	4289	ManagementAndGeneral
Fundraising	1560	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	9642	Total
Program Services	8003	ProgramServices
Management And General	1157	ManagementAndGeneral
Fundraising	482	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	FundraisingFundraising
Artist fees	29040	29040	0
Staff development	1542	1542	0
Artist accomodations	9784	9784	0
Supplies	16716	16716	0
Printing	7005	3152	3853

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	48503	Total
Program Services	23697	ProgramServices
Management And General	16112	ManagementAndGeneral
Fundraising	8694	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	544637	Total
Program Services	372140	ProgramServices
Management And General	95714	ManagementAndGeneral
Fundraising	76783	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	18078	BOY
EOY	35113	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	509092	BOY
EOY	274018	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	129311	BOY
EOY	2974039	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	11735	BOY
EOY	4524	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	4856859	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	115600	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2204318	BOY
EOY	4741259	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	11333	BOY
EOY	66103	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2883867	BOY
EOY	8095056	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	16858	BOY
EOY	28555	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
EOY	2200000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1885	BOY
EOY	2489	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	18743	BOY
EOY	2231044	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2750499	BOY
EOY	4665144	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	114625	BOY
EOY	1198868	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2865124	BOY
EOY	5864012	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2883867	BOY
EOY	8095056	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1069326	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1287436	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1332809	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	320070	CurrentTaxYearMinus1Year
Current Tax Year	3512009	CurrentTaxYear
Total	7521650	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	9556	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	48174	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	29727	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	62187	CurrentTaxYearMinus1Year
Current Tax Year	28894	CurrentTaxYear
Total	178538	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1078882	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1335610	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1362536	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	382257	CurrentTaxYearMinus1Year
Current Tax Year	3540903	CurrentTaxYear
Total	7700188	Total

Field	Value	IRS element (for citing)
Public Support Total509	7700188	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	5204	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	27499	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	37395	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	11625	CurrentTaxYearMinus1Year
Current Tax Year	2622	CurrentTaxYear
Total	84345	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	5204	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	27499	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	37395	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	11625	CurrentTaxYearMinus1Year
Current Tax Year	2622	CurrentTaxYear
Total	84345	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Total	7784533	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.98920	PublicSupportPercentage509
Prior Year Support Percentage	0.98230	PriorYearSupportPercentage
Investment Income Percentage	0.01080	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.01770	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	90000	BeginningOfYearBalance
End Of Year Balance	90000	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	90000	BeginningOfYearBalance
End Of Year Balance	90000	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	1.00000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.00000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.00000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	640000	InvestmentCostOrOtherBasis
Book Value	640000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	4156490	InvestmentCostOrOtherBasis
Depreciation	64437	Depreciation
Book Value	4092053	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	60369	InvestmentCostOrOtherBasis
Depreciation	51163	Depreciation
Book Value	9206	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4741259	TotalOfBookValueLandBuildings

Other Assets OtherAssets (2 entries)

DescriptionDescription	Book ValueBookValue
Security deposits
Loan escrow	66103

Field	Value	IRS element (for citing)
Total Book Value Other Assets	66103	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
Conduit payable	$1,885
Security deposit payable	$604

Field	Value	IRS element (for citing)
Total Of Amounts	2489	TotalOfAmounts
Total Revenue	3543525	TotalRevenue
Total Expenses	544637	TotalExpenses
Excess Or Deficit For Year	2998888	ExcessOrDeficitForYear
Excess Or Deficit Per FS	2998888	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3543525	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	3543525	RevenueSubtotal
Total Revenue Per Form990	3543525	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	544637	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	544637	ExpensesSubtotal
Total Expenses Per Form990	544637	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	Pt V Line 4	Identifier
Explanation	The board designated fund of $90,000 is a cash reserve	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-B, Line 11A	Upon completion of the draft 990, the executive director reviews the return
	for accuracy and completeness. The draft is then reviewed by the
	audit committee. It is then submitted to the full Board prior to filing.
Pt VI-B, Line 15	The Foundation regularly reviews compensation studies that are done
	for the non profit sector and compares its salaries to organizations
	that are similar in size. Its salaries were found to be
	fair and reasonable.

ASIAN ARTS INITIATIVE: Form 990, tax year 2009

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

Program Service Revenue ProgramServiceRevenue (2 entries)

Investment Income InvestmentIncome

Total Revenue TotalRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Other FeesForServicesOther

Office Expenses OfficeExpenses

Occupancy Occupancy

Conferences Meetings ConferencesMeetings

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (5 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Pledges And Grants Receivable PledgesAndGrantsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Gross Investment Income170 GrossInvestmentIncome170

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Total509 Total509

Gross Investment Income509 GrossInvestmentIncome509

Investment Income And UBTI InvestmentIncomeAndUBTI

Total Support Total TotalSupportTotal

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Current Year CurrentYear

Current Year Minus1 Year CurrentYearMinus1Year

Land Land

Buildings Buildings

Equipment Equipment

Other Assets OtherAssets (2 entries)

Other Liabilities OtherLiabilities (2 entries)

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

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