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ASIAN FINANCIAL SOCIETY

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Public IRS 990 nonprofit record

ASIAN FINANCIAL SOCIETY

EIN 13-3471772 · Chambers of Commerce & Business Leagues (S41)

What they do

AFS Summer Program #1: How Can AI/ML Impact The Financial Service Industry?, July 18, 2024 AFS Summer Program #2: IPO Trends In 2024, On July 29, 2024 AFS Summer Program #3: Option Trading - Strategies and Risk Management, On August 8, 2024 AFS Summer Program #4: Navigating Opportunities In Southeast Asia, On August 15, 2024 AFS Summer Program #5: Personal Wealth Management () Event Date: 08/22/2024 2024 Autumn Hiking Event On Sunday October 27 AFS Private Briefing: Dr. Ben Meng - Co-Sponsored By China Institute February 26, 2025 - 4:00 Pm - 6:00 Pm EDT Location: China Institute In America 40 Rector Street, New York, NY 10006

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $37.70 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 leaders13 people are listed in the latest report.

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

Money made simple

93.87%of revenue went to mission work37.7% of expenses · Program services
$248.98spent for every $100 of revenueSpending was higher than revenue this year.
$32.35in assets for every $1 spent this yearSome assets cannot be spent right away.
6.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $2,260 this year. Ask whether that was planned or caused by a one-time event.

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.

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$1,517
Mission workProgram services$1,42493.87% of revenue37.7% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$3,777248.98% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 37.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 248.98% of revenue
2023Expense mix: 48.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 143.88% of revenue
2022Expense mix: 8.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 119.60% of revenue
2020Expense mix: 88.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 110.49% of revenue
2019Expense mix: 88.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.36% of revenue
2018Expense mix: 84.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.79% of revenue
2017Expense mix: 90.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 91.78% of revenue
2016Expense mix: 89.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.87% of revenue

Money in and money out

Revenue$1,517
Expenses$3,777
Annual shortfall $2,260 Expenses were higher than revenue 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)$1,424 · 37.7% of expenses
See all reported dollar amounts
Revenue$1,517
Expenses$3,777
Assets$122,199
Income$1,517
Contributions$96
Mission work (program services)$1,424
People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (13)

ANDY LIDIRECTOR

ARNOLD CHUTREASURER

BLAKE ZHANGDIRECTOR

CHENGYING XIUDIRECTOR

DAVID LIUSECRETARY

FRANK MAHCHAIR

JACK XUDIRECTOR

JOANNE CHIUDIRECTOR

KEWA LUODIRECTOR

LEON LIDIRECTOR

MORGAN JONESDIRECTOR

VAGEESH NAIKDIRECTOR

YUEJUAN WENGPRESIDENT

About this charity

Recognized since
January 1992
Location
55 Liberty St Apt 3C, New York, NY 10005
County
New York
In care of
Frank Mah
Primary officer
Frank Mah, Chair

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
NTEE classification
Chambers of Commerce & Business Leagues (S41)
IRS tax category
Chambers of Commerce & Business Leagues

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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