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Asian Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 941753170 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

Overview

What is Asian Inc?

Asian Inc, headquartered in San Francisco, California, is a nonprofit organization dedicated to empowering the Asian American community. Their mission is to promote social equality and reduce dependency among this community, primarily through initiatives in business development, housing, and education. They achieve this by offering technical assistance and conducting research to strengthen the infrastructures of Asian American Communities in Northern California. The organization develops housing projects for low-to-moderate income households in both San Francisco and San Jose, contributing to the physical, economic, and social development of this community. With a team of 47 dedicated individuals, Asian Inc continues to make a significant impact in the lives of the Asian American community.


Official website here: www.asianinc.org

Is Asian Inc legitimate?

Asian Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $325,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,092,570

For more financial information, click here


Official website here: www.asianinc.org

What is the mission statement of Asian Inc?

Asian Inc, through its core mission, aims to empower the Asian American community to achieve social equality. This is done by reducing dependency and expanding access to opportunities in the areas of business development, housing, and education. Significant activities include providing technical assistance and conducting research to strengthen the infrastructures of Asian American communities, thereby assisting in their physical, economic, and social development in Northern California.


Official website here: www.asianinc.org

Who is the CEO of Asian Inc?

Lamar Heystek is the President of Asian Inc.


Official website here: www.asianinc.org

What is the revenue of Asian Inc?

Asian Inc's revenue in 2022 was $4,447,185.


Official website here: www.asianinc.org

Who are the executives of Asian Inc and what are their salaries?

The average compensation at Asian Inc during 2022 was $51,457. There are 47 employees and 5 volunteers at Asian Inc.

Here are 14 key members and their salaries:

    Lamar Heystek (President)
  • Compensation: $167,663
  • Related: $0
  • Other: $33,124

    • David Mendoza (Sr. Proje Director)
  • Compensation: $145,376
  • Related: $0
  • Other: $0

    • Thomas Galicia (Sr. Prop Manager)
  • Compensation: $138,292
  • Related: $0
  • Other: $0

    • Tony Tang (Proj. Director)
  • Compensation: $128,606
  • Related: $0
  • Other: $0

    • Dro Abrahamian (Coo)
  • Compensation: $98,769
  • Related: $0
  • Other: $26,374

    • Nobby Cheng (Housing Director)
  • Compensation: $119,852
  • Related: $0
  • Other: $0

    • Frank Fung (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Lo (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Betty Lem (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aubri Bryan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Ciu (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Chau (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Leong (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Royse (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.asianinc.org

    Where can I find the form 990 for Asian Inc?

    The Asian Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.asianinc.org

    Learn more at the official website: www.asianinc.org

    Mission Statement of Asian Inc

    Asian, Inc., as a nonprofit organization, is dedicated to empowering the Asian American community. Its mission is centered around achieving social equality and reducing dependency. The organization strives to create and expand access to opportunities in three key areas: business development, housing, and education. To accomplish this, Asian, Inc. provides significant assistance through technical aid and research. These efforts are aimed at strengthening the infrastructures of Asian American communities in Northern California, ultimately contributing to their physical, economic, and social development. In essence, Asian, Inc. is committed to uplifting the Asian American community, enabling them to break free from dependency and seize opportunities for growth and equality.

    Impact

    This information is meant to be a general summary of Asian Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, July 21, 2024

    Asian Inc's impact lies in its substantial contribution to the empowerment of the Asian American community in Northern California. Through its initiatives focused on business development, housing, and education, Asian Inc works towards reducing dependency and enhancing access to opportunities for this demographic. Specifically, its Housing Development Program plays a pivotal role in creating housing projects for low-to-moderate income households in San Francisco and San Jose, thus addressing a critical need in these communities. By providing technical assistance, conducting research, and strengthening the infrastructures of Asian American communities, Asian Inc plays a key role in facilitating their physical, economic, and social development. Overall, Asian Inc's efforts significantly contribute to the improvement and progress of the Asian American community in Northern California.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,881
  • Program Service Revenue: $3,787,380
  • Gross Receipts: $4,926,601

    • Assets and Liabilities:
  • Total Assets: $13,642,103
  • Total Liabilities: $7,573,221
  • Net Assets: $6,068,882
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ASSET MANAGEMENT FEES

    Revenue

    $91,380

    CONTRACT INCOME

    Revenue

    $3,092,749

    PROGRAM INCOME

    Revenue

    $603,251

    Organization Details

    Founding Year

    1971

    Principal Officer

    Lamar Heystek

    Main Address

    1167 MISSION ST 4TH Floor, SAN FRANCISCO, CA, 94103

    NTEE Category

    Code: S30Z - Community improvement

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