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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Civil Rights, Social Action & Advocacy The Asian American Foundation

The Asian American Foundation

Fiscal year ending 2021. Filed on November 16, 2022.

PO Box 21749
500
Washington, District of Columbia 20009

The Asian American Foundation (EIN: 85-2050585) has filed an IRS Form 990 since fiscal year 2021. In its fiscal year 2021 IRS Form 990 filing, The Asian American Foundation, a 501(c)(3) charitable organization, reported compensation for 3 out of 17 total employees. Among the employees shown here, the average compensation is $246,510. The highest compensated employee at The Asian American Foundation is Sonal Shah with fiscal year 2021 compensation of $416,970.

Revenue, expenses, and employee compensation

Revenue

$100,728,075

Expenses

$20,454,010

Employee compensation

$1,611,501
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sonal Shah
President and Director
$416,970
$392,855 No related comp$24,115
Prisca Bae
Vice President
$247,469
$247,469 No related compNo other comp
Norman Chen
Chief Executive Officer and Director
$75,090
$71,843 No related comp$3,247

Benchmark Employee Compensation

Non-Employee Board Members

Jerry Yang
Director
Joe Tsai
Director
Jonathan Greenblatt
Director
Joseph Bae
Director
Li Lu
Chair
Peng Zhao
Treasurer and Director
Sheila Marcelo
Director

Contractors

TORCH2014 Inc.
Production
$3,048,601
Wieden Kennedy New York
Production
$664,121
Enfranchisement Productions LLC
Management Consulting
$459,500
Bridgespan Group
Management Consulting
$455,617
Brunswick Group LLC
Communications Consulting
$450,000

Mission Statement

THE ASIAN AMERICAN FOUNDATION (TAAF) SERVES THE AAPI COMMUNITY IN THEIR PURSUIT OF BELONGING AND PROSPERITY THAT IS FREE FROM DISCRIMINATION, SLANDER AND VIOLENCE, IN FURTHERANCE OF ITS CHARITABLE MISSION TAAF CONDUCTS.

Revisions to this organization profile

November 17, 2025:
2024 The Asian American Foundation 990 filed
November 15, 2024:
2023 The Asian American Foundation 990 filed
November 15, 2023:
2022 The Asian American Foundation 990 filed

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Asian American Foundation for the Carolinas
Charlotte, North Carolina
Fountain of Life Asian American Foundation
Danville, California