ASIAN ART MUSEUM FOUNDATION OF SAN FRANCISCO Charity Report

Public IRS 990 nonprofit record

ASIAN ART MUSEUM FOUNDATION OF SAN FRANCISCO

EIN 94-1704765 · Arts, Culture & Humanities (A510)

What they do

THE ASIAN ART MUSEUM CELEBRATES, PRESERVES, and PROMOTES ASIAN and (CONTINUED ON SCHEDULE O)ASIAN AMERICAN ART and CULTURES for LOCAL and GLOBAL AUDIENCES. WE PROVIDE A DYNAMIC FORUM for EXCHANGING IDEAS, INVITING COLLABORATION, and FUELING IMAGINATION to DEEPEN UNDERSTANDING and EMPATHY AMONG PEOPLE of ALL BACKGROUNDS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $68.20 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 leaders56 people are listed in the latest report.

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

Money made simple

95.73%of revenue went to mission work68.2% of expenses · Program services

12.65%of revenue went to fundraising9.0% of expenses

$140.45spent for every $100 of revenueSpending was higher than revenue this year.

32.07%of revenue went to management and office costs22.8% of expenses

$5.99in assets for every $1 spent this yearSome assets cannot be spent right away.

72.4%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.

Worth asking: Expenses exceeded revenue by $11,358,445 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $716,958 for JAY XU (DIRECTOR & CEO (THRU 04/25)). 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$28,079,494

Mission workProgram services$26,881,26595.73% of revenue68.2% of expenses

ManagementOffice and general costs$9,004,56132.07% of revenue22.8% of expenses

FundraisingAsking for donations$3,552,11312.65% of revenue9.0% of expenses

Total expenses$39,437,939140.45% 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: 68.2% mission · 22.8% management · 9.0% fundraisingTotal expenses: 140.45% of revenue

2023Expense mix: 71.0% mission · 20.9% management · 8.1% fundraisingTotal expenses: 112.84% of revenue

2022Expense mix: 70.5% mission · 19.5% management · 10.0% fundraisingTotal expenses: 124.32% of revenue

2021Expense mix: 67.1% mission · 20.3% management · 12.6% fundraisingTotal expenses: 100.18% of revenue

2020Expense mix: 69.2% mission · 19.4% management · 11.5% fundraisingTotal expenses: 123.02% of revenue

2019Expense mix: 68.1% mission · 18.9% management · 13.0% fundraisingTotal expenses: 97.14% of revenue

2018Expense mix: 65.3% mission · 20.0% management · 14.7% fundraisingTotal expenses: 84.97% of revenue

2017Expense mix: 68.2% mission · 19.3% management · 12.5% fundraisingTotal expenses: 66.28% of revenue

Money in and money out

Revenue$28,079,494

Expenses$39,437,939

Annual shortfall $11,358,445 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)$26,881,265 · 68.2% of expenses

Management and office costs$9,004,561 · 22.8% of expenses

Fundraising$3,552,113 · 9.0% of expenses

See all reported dollar amounts

Revenue$28,079,494

Expenses$39,437,939

Assets$236,314,262

Income$58,718,209

Contributions$20,319,541

Mission work (program services)$26,881,265

Fundraising$3,552,113

Management and general$9,004,561

Executive compensation (total)$1,571,345

Stocks and bonds$92,897,880

Accounting fees$142,275

Investing fees$169,189

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

JAY XUDIRECTOR & CEO (THRU 04/25) · 40 hrs/week $716,958Base $661,595 · Other $55,363

SARA LEECHIEF FINANCIAL & ADMIN OFFICER · 40 hrs/week $284,767Base $270,981 · Other $13,786

ROBERT MINTZCHIEF CURATOR · 40 hrs/week $271,031Base $233,711 · Other $37,320

BANAFSHEH PERRONECHIEF IMPACT OFFICER · 40 hrs/week $268,379Base $239,572 · Other $28,807

EMIKO K USUICHIEF EXPERIENCE OFFICER · 40 hrs/week $268,099Base $249,948 · Other $18,151

KO KO ZINBUILDING & GROUNDS MAINTENANCE SUPERINTENDENT · 40 hrs/week $248,759Base $193,313 · Other $55,446

CALEN MCELDOWNEYDIRECTOR OF SECURITY & FACILITIES · 40 hrs/week $236,819Base $196,286 · Other $40,533

LIA M MAKSOUDDIRECTOR OF HUMAN RESOURCES · 40 hrs/week $196,274Base $175,166 · Other $21,108

JODY HARTDIRECTOR OF IT · 40 hrs/week $196,104Base $164,657 · Other $31,447

KIRSTEN WOLFEDIRECTOR OF MARKETING AND COMMUNICATIONS · 40 hrs/week $176,491Base $165,592 · Other $10,899

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 (56)

JAY XUDIRECTOR & CEO (THRU 04/25)

SARA LEECHIEF FINANCIAL & ADMIN OFFICER

ROBERT MINTZCHIEF CURATOR

BANAFSHEH PERRONECHIEF IMPACT OFFICER

EMIKO K USUICHIEF EXPERIENCE OFFICER

KO KO ZINBUILDING & GROUNDS MAINTENANCE SUPERINTENDENT

CALEN MCELDOWNEYDIRECTOR OF SECURITY & FACILITIES

LIA M MAKSOUDDIRECTOR OF HUMAN RESOURCES

JODY HARTDIRECTOR OF IT

KIRSTEN WOLFEDIRECTOR OF MARKETING AND COMMUNICATIONS

MARIE OH HUBERTRUSTEE

LILLIAN CHUNTRUSTEE

MARSHA VARGAS HANDLEYTRUSTEE

MARTHA SAM HERTELENDYTRUSTEE

MARY MEADTRUSTEE

RICHARD YENTRUSTEE

MICHELLE S TAISECRETARY, VP OF COLLECTIONS

MIMI GARDNER GATESTRUSTEE (THRU 09/24)

MINDY LIN SUNTRUSTEE

NANCI NISHIMURATRUSTEE

PAUL ANTEBITRUSTEE

KAPIL CHHIBBERTRUSTEE (THRU 01/24)

SALLE YOOCHAIR

SANDRA CHEUNGTRUSTEE

SOYOUNG LEEDIRECTOR & CEO

THAO DODSONTRUSTEE

TIFFANY CHANGTRUSTEE

TIMOTHY F KAHNTRUSTEE

TRAVIS KIYOTATRUSTEE

VARSHA RAOTRUSTEE

VIJAY SHRIRAMTRUSTEE

YOGEN DALALTRUSTEE

ELIZA CASHTRUSTEE

AMANDA MINAMITRUSTEE

ANJALI PICHAIPRESIDENT

ANN TANENBAUMTRUSTEE

ANTHONY SUNTRUSTEE

CHARLES HUANGTRUSTEE

CHONG-MOON LEETRUSTEE

CHOONGJA MARIA KAHNGTRUSTEE

CLAUDINE CHENGTRUSTEE

CORI BATESTRUSTEE

DIPTI MATHURTRUSTEE

DIXON R DOLLTRUSTEE

KENNETH P WILCOXTREASURER, VP OF FINANCE

FRED EYCHANERTRUSTEE

FRED M LEVINTRUSTEE

GLORIA GARAVENTATRUSTEE (THRU 04/25)

GORRETTI LO LUIVICE PRESIDENT OF COMMUNITY

GURMEET GIGI GULATITRUSTEE

HANSONG ZHANGTRUSTEE

HEMA SAREEN MOHANTRUSTEE

HUIFEN CHANTRUSTEE

INA GOODWIN TATEUCHITRUSTEE

JENNIFER KAOTRUSTEE (THRU 04/25)

AKIKO YAMAZAKITRUSTEE

About this charity

Recognized since: January 1969
Location: 200 LARKIN ST, SAN FRANCISCO, CA 94102-4734
County: City and County of San Francisco
In care of: % LING GUAN
Primary officer: MATTHEW AYOTTE, CONTROLLER

How to reach them

WebsiteVisit the charity’s website Emailinquiries@asianart.org Phone(415) 581-3500 Officer phone(415) 581-3730

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ARMANINO ADVISORY LLC
NTEE classification: Arts, Culture & Humanities (A510)
IRS tax category: Museums