ASIAN AMERICANS FOR EQUALITY INC Charity Report

Public IRS 990 nonprofit record

ASIAN AMERICANS FOR EQUALITY INC

EIN 13-3187792 · Community Service Clubs (S80)

What they do

to ADVANCE RACIAL, SOCIAL and ECONOMIC JUSTICE for ASIAN AMERICANS and OTHER SYSTEMATICALLY DISADVANTAGED COMMUNITIES BY CREATING AFFORDABLE HOUSING and ECONOMIC OPPORTUNITY, PROVIDING AN ARRAY of MULTILINGUAL COMMUNITY SERVICES and FOSTERING GRASSROOTS LEADERSHIP and CIVIC ENGAGEMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

54.29%of revenue went to mission work70.7% of expenses · Program services

1.78%of revenue went to fundraising2.3% of expenses

$76.83spent for every $100 of revenueRevenue covered expenses this year.

20.76%of revenue went to management and office costs27.0% of expenses

$1.97in assets for every $1 spent this yearSome assets cannot be spent right away.

69.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $270,854 for HUI-YUAN NELSON CHAN (MANAGING DIR OF COMMUNITY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$15,993,629

Mission workProgram services$8,683,50054.29% of revenue70.7% of expenses

ManagementOffice and general costs$3,319,80820.76% of revenue27.0% of expenses

FundraisingAsking for donations$284,3451.78% of revenue2.3% of expenses

Revenue left after expensesReported annual surplus$3,705,97623.17% of revenueShown in gray on the chart

Total expenses$12,287,65376.83% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.7% mission · 27.0% management · 2.3% fundraisingTotal expenses: 76.83% of revenue

2023Expense mix: 72.6% mission · 25.6% management · 1.7% fundraisingTotal expenses: 90.30% of revenue

2022Expense mix: 69.7% mission · 30.0% management · 0.2% fundraisingTotal expenses: 76.34% of revenue

2021Expense mix: 63.3% mission · 36.5% management · 0.3% fundraisingTotal expenses: 87.09% of revenue

2020Expense mix: 58.0% mission · 41.7% management · 0.3% fundraisingTotal expenses: 117.41% of revenue

2019Expense mix: 64.4% mission · 34.9% management · 0.7% fundraisingTotal expenses: 120.83% of revenue

2018Expense mix: 78.3% mission · 18.0% management · 3.7% fundraisingTotal expenses: 115.56% of revenue

2017Expense mix: 80.8% mission · 15.1% management · 4.1% fundraisingTotal expenses: 113.14% of revenue

Money in and money out

Revenue$15,993,629

Expenses$12,287,653

Annual surplus $3,705,976 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,683,500 · 70.7% of expenses

Management and office costs$3,319,808 · 27.0% of expenses

Fundraising$284,345 · 2.3% of expenses

See all reported dollar amounts

Revenue$15,993,629

Expenses$12,287,653

Assets$24,208,966

Income$21,136,711

Contributions$11,135,090

Mission work (program services)$8,683,500

Fundraising$284,345

Grants given$4,596,535

Average grant$270,384

Management and general$3,319,808

Executive compensation (total)$534,312

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HUI-YUAN NELSON CHANMANAGING DIR OF COMMUNITY · 23 hrs/week $270,854Base $206,467 · Other $64,387

MY CHANGVICE PRESIDENT/CHIEF OF STAFF · 23 hrs/week $208,865Base $199,435 · Other $9,430

JOY SUZANNE GRANADOCHIEF ACCOUNTING OFFICER (OUTGOING) · 23 hrs/week $196,718Base $175,272 · Other $21,446

EMILY RIOSDIRECTOR OF COMMUNITY SERV · 35 hrs/week $181,214Base $168,137 · Other $13,077

ETHEL COFFINASDIRECTOR OF HUMAN RESOURCES · 35 hrs/week $180,379Base $167,302 · Other $13,077

EDWARD LITVAKDIRECTOR OF MARKETING · 35 hrs/week $173,178Base $158,725 · Other $14,453

ANDREA ALEXOPOULOSSENIOR PROJECT MANAGER · 35 hrs/week $144,978Base $140,006 · Other $4,972

THOMAS YUCHAIRMAN/ED · 23 hrs/week $61,872Base · Other $61,872

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

HUI-YUAN NELSON CHANMANAGING DIR OF COMMUNITY

MY CHANGVICE PRESIDENT/CHIEF OF STAFF

JOY SUZANNE GRANADOCHIEF ACCOUNTING OFFICER (OUTGOING)

EMILY RIOSDIRECTOR OF COMMUNITY SERV

ETHEL COFFINASDIRECTOR OF HUMAN RESOURCES

EDWARD LITVAKDIRECTOR OF MARKETING

ANDREA ALEXOPOULOSSENIOR PROJECT MANAGER

THOMAS YUCHAIRMAN/ED

KENNETH COHENDIRECTOR

JOHN LEODIRECTOR (OUTGOING)

KIMBERLY WILLIAMSDIRECTOR

LINA LEEDIRECTOR

LISA TALMADIRECTOR

LYDIA TOMVICE CHAIR

PEGGY CHANTREASURER

TURNEY SINGH BABADIRECTOR

WENDY TAKAHISADIRECTOR (OUTGOING)

KATHLEEN WEBSTERDIRECTOR

JUNE JEEDIRECTOR

JIM BURKEDIRECTOR

JENNIFER WUDIRECTOR

HENG LYDIRECTOR

HEIDIE JOO BURWELLSECRETARY

GRACE ALSTERDIRECTOR

DONNA CHIUDIRECTOR

CONNIE LEEDIRECTOR

CATHERINE KIMCHAIR

About this charity

Recognized since: January 1986
Location: 2 ALLEN ST 7, NEW YORK, NY 10002-5302
County: New York
In care of: THOMAS YU
Primary officer: THOMAS YU, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailaskaafe@aafe.org Phone(212) 979-8381

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Community Service Clubs (S80)
IRS tax category: Community Service Clubs
Grant-giving organization: Yes