2025-04-30T13:19:19-05:00 2024-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2023-07-01 133234632 THE ASIA SOCIETY ASIA 2122886400 725 PARK AVENUE NEW YORK NY 100215088 KEVIN HOGAN CFO 2122886400 2025-04-29 1 0 TOBY RUTH FRIEDMAN KERSLAKE P01875806 2127589700 2025-04-29 2023 2025-03-06 01:10:19Z KYUNG-WHA KANG 725 PARK AVENUE NEW YORK NY 100215088 39670061 0 X WWW.ASIASOCIETY.ORG X 1956 NY THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION, SEE SCHEDULE O. 65 63 228 38 0 0 22955642 24846333 808300 786740 4241521 3629125 2400369 1614521 30405832 30876719 1688041 1520242 0 0 17581876 17778451 0 0 2995858 12839474 14836288 32109391 34134981 -1703559 -3258262 122919115 126639988 16513742 16531371 106405373 110108617 X THE SOCIETY IS AN INTERNATIONAL NONPROFIT, NONPARTISAN ORGANIZATION WHICH CONNECTS PEOPLE AND INSTITUTIONS IN ASIA AND THE WORLD TO BUILD UNDERSTANDING, ADDRESS CHALLENGES AND MAXIMIZE OPPORTUNITIES. 0 0 14271904 908211 366887 POLICY AND BUSINESS PROGRAM DIVISION - THE ASIA SOCIETY POLICY INSTITUTE HAS BEEN RANKED IN THE TOP 1% OF THINK TANKS AROUND THE WORLD BY THE UNIVERSITY OF PENNSYLVANIA'S THINK TANKS AND CIVIL SOCIETY'S PROGRAM. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. POLICY WORK IS ALSO CARRIED OUT BY OUR CENTER ON U.S. CHINA RELATIONS AND OUR NEW YORK PUBLIC PROGRAMS DEPARTMENT. FOR MORE INFORMATION, SEE SCHEDULE O. 4693972 274940 ART AND CULTURAL PROGRAMS DIVISION - THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES, AND SYMPOSIA. FOR MORE INFORMATION, SEE SCHEDULE O. 1995879 5160 COMMUNICATIONS DIVISION - THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES - SINCE THE PANDEMIC, THIS HAS BECOME MORE IMPORTANT THAN EVER. THE WORK OF THE ONLINE OUTREACH DIVISION INCLUDES CONTRIBUTIONS FROM HEADQUARTERS AS WELL AS OUR THIRTEEN OTHER CENTERS AROUND THE WORLD. IT OVERSEES THE WEBSITE WHICH PROVIDES INFORMATION ABOUT ASIA SOCIETY PROGRAMS AS WELL AS CONTENT GENERATED SPECIFICALLY FOR THE SITE ON TOPICS OF CURRENT INTEREST. FOR MORE INFORMATION, SEE SCHEDULE O. 3665464 606871 144913 3665464 606871 144913 24627219 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 1 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 166 0 1 228 1 0 1 CH 0 0 0 1 1 0 0 0 0 0 0 X 65 63 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AL AK AZ CA CO CT DC FL GA HI IL KS KY LA MA ME MD MI MN MS MO NV NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X KEVIN HOGAN 2123279402 725 PARK AVENUE NEW YORK NY 10021 HAMID BIGLARI VICE CHAIR 1.00 0.00 X X 0 0 0 CHAN HENG CHEE CO-CHAIR 1.00 0.00 X X 0 0 0 BETSY Z COHEN VICE CHAIR & SECRETARY 1.00 0.00 X X 0 0 0 ROBERT NIEHAUS TREASURER 1.00 0.00 X X 0 0 0 JOHN L THORNTON CO-CHAIR 1.00 0.00 X X 0 0 0 LULU C WANG VICE CHAIR 1.00 0.00 X X 0 0 0 NICOLAS AGUZIN TRUSTEE 1.00 0.00 X 0 0 0 HRH TURKI AL FAISAL TRUSTEE 1.00 0.00 X 0 0 0 EDWARD R ALLEN III TRUSTEE 1.00 0.00 X 0 0 0 ISAAC APPLBAUM TRUSTEE 1.00 0.00 X 0 0 0 MOHIT ASSOMULL TRUSTEE 1.00 0.00 X 0 0 0 NICOLAS BERGGRUEN TRUSTEE 1.00 0.00 X 0 0 0 J FRANK BROWN TRUSTEE 1.00 0.00 X 0 0 0 RABBI ANGELA BUCHDAHL TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL S CHAE TRUSTEE 1.00 0.00 X 0 0 0 ALBERT CHAO TRUSTEE 1.00 0.00 X 0 0 0 PURNENDU CHATTERJEE TRUSTEE 1.00 0.00 X 0 0 0 DUNCAN CLARK TRUSTEE 1.00 0.00 X 0 0 0 HENRY CORNELL TRUSTEE 1.00 0.00 X 0 0 0 FREDERICK M DEMOPOULOS TRUSTEE 1.00 0.00 X 0 0 0 SERGE DUMONT TRUSTEE 1.00 0.00 X 0 0 0 J MICHAEL EVANS TRUSTEE 1.00 0.00 X 0 0 0 JAMSHYD GODREJ TRUSTEE 1.00 0.00 X 0 0 0 FILIPPO GORI TRUSTEE 1.00 0.00 X 0 0 0 EVAN G GREENBERG TRUSTEE 1.00 0.00 X 0 0 0 SUSAN S HAKKARAINEN TRUSTEE 1.00 0.00 X 0 0 0 GEORGE G HICKS TRUSTEE 1.00 0.00 X 0 0 0 DORIS MAGSAYSAY HO TRUSTEE 1.00 0.00 X 0 0 0 W BRADFORD HU TRUSTEE 1.00 0.00 X 0 0 0 STEPHANIE HUI TRUSTEE 1.00 0.00 X 0 0 0 OMAR ISHRAK TRUSTEE 1.00 0.00 X 0 0 0 SANGITA JINDAL TRUSTEE 1.00 0.00 X 0 0 0 K S SONNY KALSI TRUSTEE 1.00 0.00 X 0 0 0 KYUNG-WHA KANG PRESIDENT & CEO - EFF 04/2024 1.00 0.00 X X 0 0 0 ADRIAN T KELLER TRUSTEE 1.00 0.00 X 0 0 0 MAHMOOD J KHIMJI TRUSTEE 1.00 0.00 X 0 0 0 JAMES KONDO TRUSTEE 1.00 0.00 X 0 0 0 KUO CHUAN KC KUNG TRUSTEE 1.00 0.00 X 0 0 0 CHONG-MOON LEE TRUSTEE 1.00 0.00 X 0 0 0 SEUNG-YOON SY LEE TRUSTEE - EFFECTIVE 10/2023 1.00 0.00 X 0 0 0 JOSEPHINE LINDEN TRUSTEE 1.00 0.00 X 0 0 0 IDA LIU TRUSTEE 1.00 0.00 X 0 0 0 JEAN LIU TRUSTEE 1.00 0.00 X 0 0 0 GEOFF MARTHA TRUSTEE 1.00 0.00 X 0 0 0 ASHEET MEHTA TRUSTEE 1.00 0.00 X 0 0 0 JOHN D NEGROPONTE TRUSTEE 1.00 0.00 X 0 0 0 THIERRY PORTE TRUSTEE 1.00 0.00 X 0 0 0 PHILIP QU TRUSTEE - EFFECTIVE 10/2023 1.00 0.00 X 0 0 0 EMILY K RAFFERTY TRUSTEE 1.00 0.00 X 0 0 0 RAJ RAO TRUSTEE - EFFECTIVE 10/2023 1.00 0.00 X 0 0 0 STEPHEN RIADY TRUSTEE 1.00 0.00 X 0 0 0 GARY RIESCHEL TRUSTEE 1.00 0.00 X 0 0 0 CHARLES P ROCKEFELLER TRUSTEE 1.00 0.00 X 0 0 0 NICOLAS ROHATYN TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN A SCHWARZMAN TRUSTEE 1.00 0.00 X 0 0 0 NEIL SHEN TRUSTEE 1.00 0.00 X 0 0 0 DONG BIN SHIN TRUSTEE - END 04/2024 1.00 0.00 X 0 0 0 KATIE SOO TRUSTEE 1.00 0.00 X 0 0 0 JANE JIE SUN TRUSTEE 1.00 0.00 X 0 0 0 Y PING SUN TRUSTEE 1.00 0.00 X 0 0 0 HARIT TALWAR TRUSTEE - END 09/2023 1.00 0.00 X 0 0 0 VIVIENNE TAM TRUSTEE - EFFECTIVE 10/2023 1.00 0.00 X 0 0 0 ERNIE THRASHER TRUSTEE 1.00 0.00 X 0 0 0 MARK E TUCKER TRUSTEE 1.00 0.00 X 0 0 0 EUNICE ZEHNDER-LAI TRUSTEE 1.00 0.00 X 0 0 0 JAMES D ZIRIN TRUSTEE 1.00 0.00 X 0 0 0 FERNANDO ZOBEL DE AYALA TRUSTEE 1.00 0.00 X 0 0 0 DEBRA EISENMAN EVP & CHIEF OPERATING OFFICER 40.00 0.00 X 495513 0 76725 JULIA NELSON - END 112023 CFO 40.00 0.00 X 370411 0 25326 SHANE WILLIAMS-NESS CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 268179 0 50830 WENDY CUTLER VP & MD, WASHINGTON DC OFFICE 40.00 0.00 X 325042 0 21223 DANIEL RUSSEL VP, INT'L SECURITY AND DIPLOMACY 40.00 0.00 X 326197 0 20515 ORVILLE SCHELL VP, CTR US-CHINA REL/ARTHUR ROSS DIR 40.00 0.00 X 310058 0 36383 BATES GILL EXECUTIVE DIRECTOR, CCA 40.00 0.00 X 295613 0 22324 AALOK KANANI CHIEF DIGITAL & COMM. OFFICER 40.00 0.00 X 274409 0 39859 KEVIN M RUDD - END 032023 FORMER PRES & CEO/PRESIDENT, ASPI 0.00 0.00 X 503422 0 20585 3168844 0 313770 55 1 1 0 VELOCITY GLOBAL LLC 3858 WALNUT ST SUITE 101 DENVER CO 80205 PROFESSIONAL SERVICES 466296 UNIVERSAL SERVICES OF AMERICA LP BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 291115 MG SECURITY SERVICES LLC 7 WEST 36TH STREET 12TH FL NEW YORK NY 10018 SECURITY SERVICES 247880 INSIGHT EXHIBITS LLC 75 BRYANT TRAIL CARMEL NY 10509 PROFESSIONAL SERVICES 236840 KPMG LLP 3 CHESTNUT RIDGE ROAD MONTVALE NJ 07645 AUDIT AND TAX SERVICES 171305 7 1085480 2276610 662140 20822103 2612269 24846333 PROGRAM ADMISSION FEES 900099 341184 341184 GLOBAL POL. & BUSINESS 900099 267060 267060 CO-SPONSOR FEE 900099 132121 132121 TOUR FEES 900099 26375 26375 EDUCATIONAL PROG. REV. 900099 20000 20000 786740 1454105 1454105 300279 300279 423618 499 423119 423119 423119 10414916 8239896 2175020 2175020 2175020 525648 2276610 450713 74935 74935 269308 102234 167074 167074 EMPLOYEE RET. CREDIT 900099 649114 649114 649114 30876719 786740 0 5243646 X 473800 473800 1046442 1046442 1244112 453873 427564 362675 183030 183030 13058659 9553767 2160398 1344494 535660 389340 95266 51054 1627459 1054377 392115 180967 1129531 879887 105449 144195 181893 66038 112526 3329 153075 153075 493621 493621 4727657 4104365 341221 282071 146512 146512 1671008 854996 589117 226895 1077286 249877 727465 99944 1331063 1116361 159607 55095 1579780 1424472 96796 58512 273424 224581 43745 5098 503610 408812 67209 27589 1408131 1147413 183123 77595 330888 78578 252310 EQUIP RENTAL & MAINT 794360 618471 107160 68729 PRINTING & PUBLICATIONS 163980 152227 4137 7616 34134981 24627219 6511904 2995858 4611833 3040434 4247981 6193530 10540067 10681407 293467 1888823 76648 68562 550180 370585 57440684 41692466 16718008 15748218 36220044 35877935 48592384 51728247 1068503 1042247 122919115 126639988 2321505 2941895 13836828 13419692 355409 169784 16513742 16531371 X 534102 137123 105871271 109971494 106405373 110108617 122919115 126639988 X -3258262 6994400 -32894 X 0 1 X 1 0 X 24830431 26158222 22237396 22766928 24846333 120839310 24830431 26158222 22237396 22766928 24846333 120839310 18949171 101890139 1293305 1139514 1299768 1941909 2178002 7852498 686662 224773 612886 2118458 1444070 5086849 133778657 3983437 0.76160 0.77070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM SPECIAL EVENT - 2019 AMOUNT: $ 364,503. 2020 AMOUNT: $ 146,668. 2021 AMOUNT: $ 469,645. 2022 AMOUNT: $ 427,604. 2023 AMOUNT: $ 525,648. GROSS SALE OF INVENTORY - 2019 AMOUNT: $ 322,159. 2020 AMOUNT: $ 78,105. 2021 AMOUNT: $ 143,241. 2022 AMOUNT: $ 240,814. 2023 AMOUNT: $ 269,308. EMPLOYEE RETENTION CREDIT - 2022 AMOUNT: $ 1,450,040. 2023 AMOUNT: $ 649,114. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 79262114 9319122 4692516 83888720 77710397 6044556 4492839 79262114 94301820 -11728747 4862676 77710397 75740096 9839 23212337 4660452 94301820 79320348 5135 1168801 4754188 75740096 0.02316 0.00000 0.97684 0 0 2032010 2032010 39450912 26570883 12880029 15957762 15121583 836179 15748218 LONG/SHORT HEDGE FUNDS 8262675 F ABS. RETURN HEDGE FUNDS 18403928 F OTHER FUND OF FUNDS 4362515 F EMERGING MKT SECURITIES 6284336 F PRIVATE EQUITY 11751885 F DEVELOP. MKT EQUITY TRUST 2662908 F 51728247 LEASE LIABILITY UNDER OPERATING LEASE 169784 169784 X 37372402 6994400 -32894 6961506 30410896 493621 -27798 465823 30876719 33669158 27798 27798 33641360 493621 493621 34134981 PART III, LINE 1A: COLLECTION ITEMS THE ASIA SOCIETY MUSEUM COLLECTION IS NOTED FOR ITS MASTERPIECE-QUALITY OBJECTS AND THE SCHOLARLY IMPORT AWARDED TO THESE PIECES OF TRADITIONAL AND CONTEMPORARY ART. THE COLLECTION INCLUDES THE ROCKEFELLER COLLECTION, WHICH IS PAN-ASIAN AND INCLUDES APPROXIMATELY 300 OBJECTS, RANGING IN DATE FROM THE SECOND MILLENNIUM B.C.E. TO THE 18TH CENTURY, FROM SUCH DIVERSE NATIONS AS INDIA, PAKISTAN, BANGLADESH, NEPAL, MYANMAR, THAILAND, CAMBODIA, VIETNAM, INDONESIA, CHINA, KOREA, AND JAPAN. IT ALSO INCLUDES A LARGE NUMBER OF BRONZE SCULPTURES AND CERAMICS, AS WELL AS PAINTINGS, WOODEN SCULPTURES, AND OTHER DECORATIVE ARTS. MOST OF THE ROCKEFELLER COLLECTION WAS DONATED TO THE SOCIETY IN 1979. ADDITIONS SINCE THAT TIME CONSIST OF DONATIONS FROM THE ESTATE OF MRS. BLANCHETTE ROCKEFELLER, A FEW NOTABLE WORKS FROM OTHER DONORS AND MORE RECENTLY A COLLECTION OF CONTEMPORARY ART FOCUSED ON VIDEO ART AND PHOTOGRAPHY. IN ADDITION TO FREQUENT DISPLAYS IN THE EXHIBITION GALLERIES AT THE SOCIETY, SELECTED WORKS FROM THE COLLECTION ARE ALSO SHOWN AS PART OF SPECIAL EXHIBITIONS EITHER AT THE SOCIETY OR IN MUSEUMS THROUGHOUT THE WORLD. WHEN NOT ON DISPLAY AT THE SOCIETY OR ON LOAN TO MUSEUMS FOR TEMPORARY EXHIBITIONS, THE OBJECTS ARE MAINTAINED IN CLIMATE-CONTROLLED STORAGE. THE SOCIETY MAINTAINS POLICIES AND PROCEDURES ADDRESSING THE ROCKEFELLER COLLECTION'S UPKEEP AS WELL AS OTHER ASPECTS OF ITS MANAGEMENT, INCLUDING ACCESSION/DEACCESSION POLICIES. THE SOCIETY HAS ADOPTED THE POLICY OF NOT CAPITALIZING ITS COLLECTION. DURING 2024 AND 2023, NO ART WAS ACQUIRED WITH DONOR-RESTRICTED FUNDS. PART III, LINE 4: ASIA SOCIETY'S COLLECTION FURTHERS THE EXEMPT PURPOSE OF THE ORGANIZATION BY PRESERVING ASIAN ART WORK FOR PUBLIC VIEWING AND IS USED IN EDUCATIONAL EXHIBITIONS AND PUBLICATIONS. PART V, LINE 4: THE PURPOSE OF THE ASIA SOCIETY'S ENDOWMENT FUNDS IS TO SUPPORT ITS OPERATING AND CAPITAL NEEDS INCLUDING SUPPORT OF THE SOCIETY'S PROGRAMS, BUILDINGS AND MAINTENANCE OF ITS ART COLLECTION. PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME ACTIVITIES. IN ADDITION, THE SOCIETY IS TAX-EXEMPT FROM STATE AND LOCAL INCOME TAX FOR RELATED ACTIVITIES, PROPERTY TAXES, AND SALES TAX. THE SOCIETY HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND THAT IT WILL CONTINUE TO BE EXEMPT FROM TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAPS 155,820. UNCOLLECTIBLE PRIOR YEAR PLEDGES -188,714. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF COGS -102,234. RECLASS OF SPECIAL EVENTS 74,935. RECLASS OF RENTAL EXPENSES -499. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COGS 102,234. RECLASS OF SPECIAL EVENTS -74,935. RECLASS OF RENTAL EXPENSES 499. 1 EAST ASIA AND THE PACIFIC 0 9 PROGRAM SERVICES CONSULTANT 247153 EUROPE 0 7 PROGRAM SERVICES CONSULTANT 189532 NORTH AMERICA 0 3 PROGRAM SERVICES CONSULTANT 16226 SOUTH ASIA 0 3 PROGRAM SERVICES CONSULTANT 16970 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES EDITOR 3250 EUROPE 0 3 PROGRAM SERVICES EDITOR 2650 SOUTH ASIA 0 1 PROGRAM SERVICES EDITOR 1500 EAST ASIA AND THE PACIFIC 0 4 PROGRAM SERVICES INTERPRETER 7800 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES IT SERVICE 21498 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCE 133306 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCE 2379 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 440888 EUROPE 0 0 GRANTMAKING 323344 SOUTH ASIA 0 0 GRANTMAKING 282210 CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS 22437432 EUROPE 0 0 INVESTMENTS 3800988 0 32 0 0 0 32 485081 27442045 27927126 EAST ASIA AND THE PACIFIC SUPPORT-PT V 234407 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 152201 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 49120 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUPPORT-PT V 5160 WIRE TRANSFER 0 SOUTH ASIA SUPPORT-PT V 282210 WIRE TRANSFER 0 EUROPE SUPPORT-PT V 323344 WIRE TRANSFER 0 6 0 1 0 1 1 1 0 FORM 990, SCHEDULE F, PART I, LINE 2 MONITORING THE USE OF GRANTS OUTSIDE THE UNITED STATES INTERNATIONAL GRANTS WERE MADE TO THE ASIA SOCIETY AFFILIATES IN AUSTRALIA, FRANCE, HONG KONG, INDIA, JAPAN AND PHILIPPINES. THE PURPOSE OF THESE GRANTS IS TO SUPPORT THE MISSION OF THE CENTERS IN NAVIGATING SHARED FUTURES FOR ASIA AND THE WORLD IN THE FIELDS OF ARTS AND CULTURE, BUSINESS AND POLICY. THE USE OF THESE GRANTS IS MONITORED THROUGH MONTHLY CONFERENCE CALLS AND QUARTERLY FINANCIAL REPORTING. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (D) ACTIVITIES CONDUCTED IN EAST ASIA AND THE PACIFIC INCLUDE FOUR MEETING AND CONFERENCES: TASK FORCE US-KOREA-JAPAN TRILATERAL DIALOGUE, SCHWARZMAN SCHOLARS SEMINAR EVENT, ASIA 21 SUMMIT AND ASIA SOCIETY GLOBAL LEADERSHIP MEETING. ONE CONFERENCE IN SOUTH ASIA: INDIA INTERNATIONAL CENTRE EVENT. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F) ASIA SOCIETY REPORTS EXPENDITURES ON THE ACCRUAL BASIS. FORM 990, SCHEDULE F, PART II, LINE 1, COLUMN (D) PURPOSE OF GRANT THE PURPOSE OF THE INTERNATIONAL GRANTS MADE IN FY24 WAS TO SUPPORT THE ASIA SOCIETY AUSTRALIA, FRANCE, HONG KONG, INDIA, JAPAN AND PHILIPPINES CENTERS. X X X X X X 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NC NV OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL DINNER 2040505 1722936 317569 131417 147355 ASIA ARTS GALA 444203 367825 76378 31276 39404 1 317550 185849 131701 101261 2802258 2276610 525648 162693 288020 450713 74935 1 THE OUTLAW OCEAN LLC 6010 BROAD BRANCH RD NW WASHINGTON DC 20015 813339001 10000 0 OSBORN ELLIOTT JOURNALISM PRIZE THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 485 BROADWAY MAIL CODE 8838 REDWOOD CITY CA 94063 941156365 501(C)(3) 438800 0 HOOVER FELLOWS SUBGRANT PAYMENT UNIVERSITY OF CALIFORNIA REGENTS(UC REGENTS) 9500 GILMAN DRIVE 0954 LA JOLLA CA 92093 956006144 501(C)(3) 25000 0 TASK FORCE ON US-CHINA POLICY SUBGRANT 2 1 FORM 990, SCH I, PART I, LINE 2 MONITORING THE USE OF GRANTS IN THE UNITED STATES ASIA SOCIETY HAS AN ONGOING MULTI YEAR RELATIONSHIP WITH OUR GRANT RECIPIENTS AND MONITORS THEIR WORK AND GRANT FUND USAGE THROUGH THIS RELATIONSHIP. ASIA SOCIETY RECEIVES REPORTS FROM GRANTEES (USUALLY ANNUALLY), PER PROVIDED GUIDELINES, ON WORK COMPLETED AND EXPENSES INCURRED DURING THE PERIOD AT THE ACCOUNT LEVEL. FORM 990, SCH I, PART II, LINE 1A PURPOSE OF AWARDS THE OSBORN ELLIOTT PRIZE FOR EXCELLENCE IN JOURNALISM ON ASIA HONORS A LEGENDARY JOURNALIST WHOSE INCLUSIVE PUBLIC DIALOGUE AND CIVIC ENGAGEMENT CHARACTERIZED THEIR LIFE'S WORK. A $10,000 CASH AWARD, GIVEN ANNUALLY, THAT RECOGNIZES THE BEST EXAMPLE OF JOURNALISM ABOUT ASIA DURING THE CALENDAR YEAR. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 DEBRA EISENMAN EVP & CHIEF OPERATING OFFICER 305459 0 190000 0 54 0 19348 0 57377 0 572238 0 0 0 KEVIN M RUDD - END 032023 FORMER PRES & CEO/PRESIDENT, ASPI 203331 0 250000 0 50091 0 11492 0 9093 0 524007 0 0 0 JULIA NELSON - END 112023 CFO 285061 0 0 0 85350 0 7674 0 17652 0 395737 0 0 0 DANIEL RUSSEL VP, INT'L SECURITY AND DIPLOMACY 325435 0 0 0 762 0 19800 0 715 0 346712 0 0 0 ORVILLE SCHELL VP, CTR US-CHINA REL/ARTHUR ROSS DIR 308822 0 0 0 1236 0 19687 0 16696 0 346441 0 0 0 WENDY CUTLER VP & MD, WASHINGTON DC OFFICE 324280 0 0 0 762 0 19800 0 1423 0 346265 0 0 0 SHANE WILLIAMS-NESS CHIEF DEVELOPMENT OFFICER 268041 0 0 0 138 0 16583 0 34247 0 319009 0 0 0 BATES GILL EXECUTIVE DIRECTOR, CCA 295613 0 0 0 0 0 5538 0 16786 0 317937 0 0 0 AALOK KANANI CHIEF DIGITAL & COMM. OFFICER 274409 0 0 0 0 0 13569 0 26290 0 314268 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT, FIRST CLASS TRAVEL IS PROVIDED FOR THE FORMER PRESIDENT AND CEO. THIS IS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSON USE: THE FORMER PRESIDENT IS PROVIDED A HOUSING ALLOWANCE. THIS IS TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THEIR FORM W-2. PART I, LINE 4A THE CFO RECEIVED A SEPARATION PAYMENT OF $85,000. PART I, LINE 7 THE FORMER PRESIDENT AND CEO'S BONUS IS REVIEWED BY THE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES BASED ON ACHIEVING A SET OF INSTITUTIONAL GOALS ESTABLISHED BY THEM AT THE BEGINNING OF THE YEAR. THE COO'S BONUS WAS ALSO REVIEWED BY THE COMPENSATION COMMITTEE IN RECOGNITION OF HER ASSUMING THE INTERIM CEO ROLE. BONUSES PAID DURING THE CALENDAR YEAR ARE REPORTING ON SCHEDULE J, PART II COLUMN (B) (II). A BUILD NYC RESOURCE CORPORATION SERIES 2015 454040561 000000000 2015-07-01 16795000 REFIN 2000 TAX-EXEMPT BOND 0 0 0 A 2790000 16795000 335900 97499 16361601 2015 1 0 1 1 A 0 0 0 1 1 1 TORONTO DOMINION 30.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: 2015 BOND ISSUE (A) ISSUER NAME: BUILD NYC RESOURCE CORPORATION (F) DESCRIPTION OF PURPOSE: REFINANCE AN OUTSTANDING 2000 TAX-EXEMPT BOND ISSUE (WHICH HAD BEEN USED TO FINANCE DESIGN, CONSTRUCTION AND RENOVATION OF EXISTING BUILDING) AND FINANCE COST OF ISSUING BOND. SCHEDULE K, PART IV, ARBITRAGE: THE REBATE COMPUTATION WAS PERFORMED FOR THE TAX YEAR ENDING 06/30/2020 AS NOTED IN THE REBATE REPORT DATED 07/08/2020. SHAY WESTER FAMILY MEMBER OF TRUSTEE 183030 FAMILY MEMBER COMPENSATED BY ORGANIZATION 0 X 10 2470926 AVERAGE MARKET PRICE X AUCTION 27 141343 PER AUCTION PRICE 0 0 1 1 SCHEDULE M, PART I, COLUMN (B): THE NUMBER REPORTED ON LINE 1(B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. SCHEDULE M, LINE 31: THE ASIA SOCIETY HAS A GIFT ACCEPTANCE POLICY PERTAINING TO THE REVIEW OF POTENTIAL CONTRIBUTIONS OF ART. SCHEDULE M, LINE 32B: ASIA SOCIETY USED A THIRD PARTY TO DESIGN AND EXECUTE THE AUCTION. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE SOCIETY IS AN INTERNATIONAL NONPROFIT NONPARTISAN ORGANIZATION WHICH CONNECTS PEOPLE AND INSTITUTIONS IN ASIA AND THE WORLD. FORM 990, PART III, LINE 4A POLICY AND BUSINESS PROGRAMS DIVISION THE ASIA SOCIETY POLICY INSTITUTE HAS BEEN RANKED IN THE TOP 1% OF THINK TANKS AROUND THE WORLD BY THE UNIVERSITY OF PENNSYLVANIA'S THINK TANKS AND CIVIL SOCIETY'S PROGRAM. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. POLICY WORK IS ALSO CARRIED OUT BY OUR CENTER ON U.S. CHINA RELATIONS AND OUR NEW YORK PUBLIC PROGRAMS DEPARTMENT. WITH TOP-LEVEL SENIOR STAFF, EXPERT FELLOWS, AND THE PREMIER ASIA-WIDE NETWORK OF ADVISORS AND CONTENT-SPECIFIC EXPERTS, ASPI PROVIDES A UNIQUE PLATFORM FOR POLICY DEVELOPMENT IN EXPLAINING AS WELL AS OFFERING UNIQUE POLICY SOLUTIONS FOR GLOBAL CHALLENGES. IT BOASTS AN ASIA-WIDE SCOPE, AND ENGENDERS BROAD INPUT AND PARTICIPATION FROM BUSINESS AND POLICY LEADERS, BRINGING DISPARATE VIEWS TOGETHER THROUGH ITS RENOWNED CONVENING AND RESEARCH CAPABILITIES. THIS FORMULA IS UNIQUELY SUITED TO ADVANCING INTERNATIONAL COOPERATION AND EFFECTIVE POLICYMAKING DURING A CENTURY IN WHICH ASIA'S INFLUENCE IS INCREASINGLY GAINING PROMINENCE. KEY ASPI INITIATIVES AND REPORTS INCLUDE RESEARCH ON THE REGIONAL SECURITY ORDER AND THE EFFECTS OF U.S.-CHINA STRATEGIC COMPETITION ON THE INDO-PACIFIC REGION; PROJECTS TO EXPLORE ECONOMIC SECURITY STRATEGIES AND PROVIDE POLICYMAKERS WITH RECOMMENDATIONS ON HOW TO ADVANCE REGIONAL AND BILATERAL TRADE AGREEMENTS IN AN INCREASINGLY COMPLEX TRADE LANDSCAPE; AND A CLIMATE INITIATIVE WHICH SEEKS TO ENCOURAGE AND CONTRIBUTE TO INDIA'S NATIONAL EMISSIONS TRADING SYSTEM POLICY THROUGH PROVIDING INPUT ON DESIGN AND BUILDING REGIONAL AND INTERNATIONAL CONNECTIONS. ASPI ALSO OFFERS PROGRAMS FOR YOUNG FEMALE PROFESSIONALS IN TRADE AND OTHER EMERGING LEADERS TO ENABLE THEM TO GAIN EXPERIENCE AND BUILD THEIR NETWORKS. WITHIN ASPI, THE CENTER FOR CHINA ANALYSIS WAS ESTABLISHED IN 2022 TO PROVIDE POLICY-RELEVANT, OBJECTIVE ANALYSIS OF CHINA'S POLITICS, ECONOMY, AND SOCIETY AND ITS IMPACT ON THE REGION AND THE WORLD. THE CENTER ON U.S.-CHINA RELATIONS COMPLEMENTS THE WORK OF THE ASIA SOCIETY POLICY INSTITUTE, FOCUSING ON DIVERSE ISSUES IN CHINA AND THE U.S. IT WAS ESTABLISHED TO MEET THE NEED FOR A DEEPER UNDERSTANDING BETWEEN THE TWO COUNTRIES AND PROMOTE PUBLIC DIALOGUE IN ORDER TO STRENGTHEN U.S.-CHINA RELATIONS. THE CENTER ALSO CONVENES STAKEHOLDERS TO WORK ON MAJOR CHALLENGES AND EDUCATES THE AMERICAN AND INTERNATIONAL PUBLIC ON U.S.-CHINA ISSUES, COMMENTING ON AND DISTRIBUTING TIMELY INFORMATION ON CRITICAL TOPICS AND CURRENT EVENTS. ITS WORK SPANS ARTS AND CULTURE, POLICY, SUSTAINABILITY, AND ECONOMICS. THE CENTER PRESENTED COAL+ICE, A MULTIDISCIPLINARY EXHIBITION AND PERFORMANCE VISUALIZING THE CAUSES AND CONSEQUENCES OF THE CLIMATE CRISIS AND FOREGROUNDING CREATIVE SOLUTIONS. IN ADDITION, ASIA SOCIETY PRODUCES CHINAFILE, AN ONLINE PUBLICATION FEATURING ARTICLES, PHOTOGRAPHY, AND MULTIMEDIA FROM AND ABOUT CHINA. THE ASIA 21 INITIATIVE BRINGS TOGETHER SOME OF THE MOST DYNAMIC NEXT GENERATION LEADERS, ALL UNDER THE AGE OF 40 FROM ASIA AND THE U.S., TO EXPLORE IMAGINATIVE WAYS TO ADDRESS THE MOST CRITICAL ISSUES FACING THE ASIA-PACIFIC COMMUNITY TODAY, DEVELOP COMMON APPROACHES TO ADDRESSING THESE SHARED CHALLENGES, AND CULTIVATE THE LONG-TERM RELATIONSHIPS NECESSARY FOR DEVELOPING RESPONSES. FORM 990, PART III, LINE 4B ART AND CULTURAL PROGRAMS DIVISION THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES, AND SYMPOSIA. THE ASIA SOCIETY MUSEUM, LOCATED AT 725 PARK AVENUE, PRESENTS A WIDE RANGE OF ART EXHIBITIONS SHOWCASING THE WORK OF ASIAN AND ASIAN-AMERICAN ARTISTS, RANGING FROM TRADITIONAL TO CONTEMPORARY ARTISTS AND TAKING NEW APPROACHES TO FAMILIAR MASTERPIECES AS WELL AS INTRODUCING UNDER-RECOGNIZED ARTISTS. SEVERAL MAJOR THEMATIC EXHIBITIONS ARE PRESENTED EACH YEAR, DRAWING ON LOANS FROM OTHER INSTITUTIONS AND PRIVATE COLLECTIONS FROM AROUND THE WORLD, AS WELL AS THE SOCIETY'S PERMANENT COLLECTION, THE MR. AND MRS. JOHN D. ROCKEFELLER 3RD COLLECTION OF ASIAN ART. THESE EXHIBITIONS ARE USUALLY ACCOMPANIED BY CATALOGUES AND OTHER PUBLICATIONS, AND SOME EXHIBITIONS TOUR NATIONALLY AND INTERNATIONALLY. ASIA SOCIETY ALSO HOSTS PERFORMANCE PROGRAMS OF MUSIC, DANCE, THEATER, AND FILM FOCUSING ON TRADITIONAL PERFORMANCE GENRES OF ASIA, CONTEMPORARY PERFORMANCE FROM ASIA, AND WORKS BY ASIAN AMERICAN PERFORMING ARTISTS. ADDITIONALLY, A WIDE RANGE OF LECTURES, AUTHOR PROGRAMS, FILMS, AND SYMPOSIA FOR THE GENERAL PUBLIC ARE PRESENTED, EITHER RELATED TO THE CURRENT MUSEUM EXHIBITIONS OR TO FURTHER THE SOCIETY'S GOAL OF PROMOTING GREATER UNDERSTANDING BETWEEN PEOPLES BY SHARING ASIAN AND ASIAN AMERICAN ARTS AND CULTURE. OUR CULTURE AS DIPLOMACY INITIATIVE SPECIFICALLY LOOKS TO ADVANCE UNDERSTANDING AND CONNECTIONS AMONG CULTURES AS A SAFE HARBOR, UNCOMPROMISED BY POLITICAL, NATIONAL, OR OTHER DIFFERENCES. FORM 990, PART III, LINE 4C COMMUNICATIONS DIVISION THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES - SINCE THE PANDEMIC, THIS HAS BECOME MORE IMPORTANT THAN EVER. THE WORK OF THE ONLINE OUTREACH DIVISION INCLUDES CONTRIBUTIONS FROM HEADQUARTERS AS WELL AS OUR SIXTEEN OTHER CENTERS AROUND THE WORLD. IT OVERSEES THE WEBSITE WHICH PROVIDES INFORMATION ABOUT ASIA SOCIETY PROGRAMS AS WELL AS CONTENT GENERATED SPECIFICALLY FOR THE SITE ON TOPICS OF CURRENT INTEREST. WEB TRAFFIC HAS EXPANDED IN THE LAST FEW YEARS AND CURRENTLY HAS MORE THAN 3 MILLION ANNUAL VISITS. ASIA SOCIETY'S WEBSITE (WWW.ASIASOCIETY.ORG) INCLUDES NEWS AND INFORMATION ABOUT THE ASIA SOCIETY, HOSTS INFORMATION ON THE INSTITUTION'S PROGRAMS, EVENTS, PUBLICATIONS, AND DEPARTMENTS; OFFERS USERS A VIEW OF SOCIETY MUSEUM EXHIBITIONS AND COLLECTIONS; PROVIDES A RAPIDLY EXPANDING COLLECTION OF RESOURCES ON ASIAN AND ASIAN AMERICAN CONTENT FROM THE ARTS, CULTURE, RELIGION AND SOCIETY TO BUSINESS, ECONOMICS, POLICY AND GOVERNMENT; AND PRESENTS LIVE WEBCASTS OF PROGRAMS OFFERED AT THE NEW YORK HEADQUARTERS AS WELL AS ARCHIVES PROGRAMS FOR FUTURE VIEWING. FORM 990, PART III, LINE 4D U.S. CENTERS, ASIAN ACTIVITIES AND EUROPEAN ACTIVITIES U.S. ACTIVITIES THE SOCIETY OPERATES OUT OF TWO ADDITIONAL LOCATIONS IN THE UNITED STATES. THE WASHINGTON, D.C. OFFICE TAKES ADVANTAGE OF ITS LOCATION IN THE NATION'S CAPITAL TO SUPPORT THE WORK OF THE ASIA SOCIETY POLICY INSTITUTE AND THE PACIFIC COAST IS SERVED BY THE SOUTHERN CALIFORNIA CENTER IN LOS ANGELES. THE CALIFORNIA CENTER IS ADVISED BY LOCALLY RECRUITED ADVISORY COUNCIL. (IN ADDITION, THE SOCIETY IS AFFILIATED WITH A SEPARATE 501(C)(3) ORGANIZATION LOCATED IN HOUSTON, TEXAS, WHICH OPENED A BUILDING OF ITS OWN IN MARCH 2012 AND BY AN ORGANIZATION IN NORTHERN CALIFORNIA WHICH HAS A SEATTLE, WASHINGTON BRANCH.) ASIAN ACTIVITIES ASIA SOCIETY IS ASSOCIATED WITH SIX ASIAN AFFILIATES, THAT OPERATE ASIA SOCIETY CENTERS IN AUSTRALIA, WITH OFFICES IN SYDNEY AND MELBOURNE; MUMBAI AND DELHI INDIA; SEOUL, KOREA; MANILA, PHILIPPINES; TOKYO, JAPAN; AND IN HONG KONG. THEY ARE EACH SEPARATE, LEGAL AND FINANCIALLY INDEPENDENT ENTITIES AND OPERATE IN CONCERT WITH THE ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. EUROPEAN ACTIVITIES THERE ARE TWO AFFILIATE CENTERS IN EUROPE, ONE IN ZURICH, SWITZERLAND AND A RECENTLY ESTABLISHED CENTER IN PARIS, FRANCE BOTH OF WHICH ARE SEPARATE, LEGAL AND FINANCIALLY INDEPENDENT ENTITIES THAT OPERATE IN CONCERT WITH ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. EDUCATION DIVISION THE DIVISION SEEKS TO PROMOTE AN UNDERSTANDING OF ASIA THROUGH FAMILY, LEARNING, AND LIFESTYLE PROGRAMS FOR A WIDE RANGE OF AUDIENCES. THE WORK ENABLES A UNIQUE OPPORTUNITY TO BROADEN THE SCOPE OF OFFERINGS TO FOCUS ON THE CONTRIBUTIONS OF ASIANS AND ASIAN AMERICANS AND TO GROW PUBLIC AWARENESS OF ASIA'S DIVERSE ARTISTIC AND CULTURAL TRADITIONS. THE EDUCATION DIVISION CONTRIBUTES TO THE GROWTH AND QUALITY OF CHINESE LANGUAGE TEACHING IN THE U.S. THROUGH THE NATIONAL CHINESE LANGUAGE CONFERENCE - CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE LANGUAGE LEARNING, GLOBAL COMPETENCE, AND HIGH ACHIEVEMENT. THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS, AND K-12 YOUTH BY ADVANCING MANDARIN LANGUAGE INSTRUCTION THROUGH ONLINE COURSES. ASIA SOCIETY'S EDUCATION WORK ESTABLISHES AND SPREADS EFFECTIVE RESOURCES AND PROGRAMS THAT PROVIDE KNOWLEDGE OF ASIA AND GLOBAL COMPETENCE. WEB RESOURCES PROVIDE A BROAD RANGE OF BACKGROUND KNOWLEDGE ABOUT ASIA, CURRICULUM MATERIALS, VIDEO AND AUDIO RESOURCES, AND OTHER MATERIALS TO SUPPORT EDUCATION ABOUT ASIA. IN THE U.S., THE GLOBAL TALENT AND DIVERSITY AND INCLUSION SYMPOSIUM PROVIDES A VITAL PLATFORM FOR CORPORATIONS TO DISCUSS DIVERSITY AND INCLUSION ISSUES AND BEST PRACTICES IN REGARD TO ASIAN PROFESSIONALS. THE ANNUAL CONFERENCE INCLUDES KEYNOTE AND PLENARY SESSION PRESENTATIONS FEATURING EXECUTIVES FROM GLOBAL FORTUNE 1000 COMPANIES; AND SMALL GROUP DISCUSSION TRACKS. AUXILIARY SERVICES THE SOCIETY OPERATES A SPECIALIZED STORE AND CAFE AND PROVIDES RENTAL AND CONFERENCE FACILITIES AT ITS HEADQUARTERS BUILDING IN NEW YORK. THE STORE, ASIASTORE, OFFERS A WIDE VARIETY OF BOOKS AND ASIAN-INSPIRED GIFT ITEMS AND SERVES THE MEMBERSHIP, VISITORS TO THE MUSEUM, AND THE GENERAL PUBLIC ATTENDING THE SOCIETY'S PROGRAMS IN NEW YORK. THE AUDITORIUM, CAFE, AND CONFERENCE FACILITIES IN THE HEADQUARTERS BUILDING SERVE PRIMARILY AS VENUES FOR THE SOCIETY'S PROGRAMS AND ARE ALSO AVAILABLE FOR RENTAL TO OUTSIDE PARTIES. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS STEPHEN A. SCHWARZMAN, TRUSTEE, AND MICHAEL S. CHAE, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. BOTH ARE OFFICERS OF BLACKSTONE GROUP MANAGEMENT, LLC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW A COMPLETE DRAFT OF THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THAT REVIEW, A FINAL AND COMPLETE DRAFT IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST REVIEW A CONFLICT OF INTEREST QUESTIONNAIRE IS CIRCULATED TO THE MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. RESULTS OF THAT QUESTIONNAIRE ARE SUMMARIZED AND PROVIDED TO THE CHAIR OF THE AUDIT COMMITTEE. ANY PERSON DEEMED TO BE AN INTERESTED PERSON WITH RESPECT TO A CONFLICT WILL RECUSE THEMSELVES FROM DELIBERATION AND DECISION-MAKING INVOLVING THE POTENTIAL OR ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW THE BOARD COMPENSATION COMMITTEE MEETS TWICE A YEAR AND REVIEWS THE PRESIDENT'S FISCAL YEAR PERFORMANCE. ADDITIONALLY, THE COMMITTEE REVIEWS SALARY SURVEY INFORMATION COMPILED BY THE DIRECTOR OF HUMAN RESOURCES ON A PERIODIC BASIS AS REQUESTED BY THE COMMITTEE. THE SURVEY INFORMATION PROVIDES DATA FOR COMPARABLE POSITIONS IN OTHER NOT FOR PROFIT ORGANIZATIONS WHICH ARE SIMILAR IN SCOPE, COMPLEXITY AND SIZE. BASED ON COMPARABLE SALARY INFORMATION PRESENTED AND PERFORMANCE REVIEWS THE INDEPENDENT MEMBERS OF THE COMMITTEE RECOMMEND THE PRESIDENT'S COMPENSATION TO THE BOARD OF TRUSTEES FOR APPROVAL. ANY DETERMINATIONS BY THE BOARD COMPENSATION COMMITTEE ARE DOCUMENTED IN THE MINUTES OF THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT AVAILABILITY THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT THE ASIA SOCIETY WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES/OTHER PROF. FEES: PROGRAM SERVICE EXPENSES 3,448,868. MANAGEMENT AND GENERAL EXPENSES 123,522. FUNDRAISING EXPENSES 147,631. TOTAL EXPENSES 3,720,021. ARTIST FEES AND HONORARIUM: PROGRAM SERVICE EXPENSES 168,846. MANAGEMENT AND GENERAL EXPENSES 4,401. FUNDRAISING EXPENSES 19,135. TOTAL EXPENSES 192,382. EMPLOYEMNT RELATED COSTS: PROGRAM SERVICE EXPENSES 417,566. MANAGEMENT AND GENERAL EXPENSES 213,298. FUNDRAISING EXPENSES 115,305. TOTAL EXPENSES 746,169. MUSEUM PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 69,085. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,085. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 155,820. UNCOLLECTIBLE PRIOR YEAR PLEDGES -188,714.