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Asian Festival Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Recreation, Sports, Leisure, Athletics / Fairs, County and Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$362k (2023)

Expenses
$360k (2023)

Total Assets
$1.01M (2023)

Total Liabilities
$272 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$362,047
Expenses
$360,119
Net Income
$1,928
Net Assets
$1,009,873
Notable Sources of Revenue Percent of Total Revenue
Contributions $329,760
91.1%
Program Services $0
Investment Income $32,287
8.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,010,145
Total Liabilities $272
Net Assets $1,009,873
Compensation
Key Employees and Officers Compensation Related Other
Cora Munoz (President) $0 $0 $0
Qiong Yuan Phd (Vice President) $0 $0 $0
Bouthanh Phommasathit (Secretary) $0 $0 $0
Yung Chen Lu Phd (Treasurer) $0 $0 $0
Roy D'sa (Trustee) $0 $0 $0
Emily Hall (Trustee) $0 $0 $0
Joseph Hau (Trustee) $0 $0 $0
Sally Paz (Trustee) $0 $0 $0
Vincent Wang (Trustee) $0 $0 $0
Jeff Woo (Trustee) $0 $0 $0
Kay Zhang Phd (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$202,303
Expenses
$92,262
Net Income
$110,041
Net Assets
$1,007,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $195,768
96.8%
Program Services $0
Investment Income $6,535
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,009,441
Total Liabilities $1,501
Net Assets $1,007,940
Compensation
Key Employees and Officers Compensation Related Other
Cora Munoz (President) $0 $0 $0
Herb Chen (Vice President) $0 $0 $0
Bouthanh Phommasathit (Secretary) $0 $0 $0
Roy D'sa (Trustee) $0 $0 $0
Ying Hao (Trustee) $0 $0 $0
Joseph Hau (Trustee) $0 $0 $0
Joseph Jones (Trustee) $0 $0 $0
Hsin Yi Mirabelle Lin (Trustee) $0 $0 $0
Sally Paz (Trustee) $0 $0 $0
Jeff Woo (Trustee) $0 $0 $0
Chilin Yu (Trustee) $0 $0 $0
Alma Montano Saddam (Trustee) $0 $0 $0
Dr Yung Chan Lee (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$186,814
Expenses
$76,572
Net Income
$110,242
Net Assets
$897,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $139,495
74.7%
Program Services $8,400
4.5%
Investment Income $36,539
19.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $2,380
1.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $898,893
Total Liabilities $974
Net Assets $897,919
Compensation
Key Employees and Officers Compensation Related Other
Cora Munoz (President) $0 $0 $0
Herb Chen (Vice President) $0 $0 $0
Yung Chen Lu (Treasurer) $0 $0 $0
Roy D'sa (Trustee) $0 $0 $0
Ying Hao (Trustee) $0 $0 $0
Joseph Hau (Trustee) $0 $0 $0
Joseph Jones (Trustee) $0 $0 $0
Hsin Yi Mirabelle Lin (Trustee) $0 $0 $0
Sally Paz (Trustee) $0 $0 $0
Bounthanh Phommasathith (Secretary) $0 $0 $0
Jeff Woo (Trustee) $0 $0 $0
Alma Montano Saddam Phd (Trustee) $0 $0 $0
Chilin Yu (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$173,027
Expenses
$38,850
Net Income
$134,177
Net Assets
$787,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $173,004
100.0%
Program Services $0
Investment Income $23
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $787,882
Total Liabilities $205
Net Assets $787,677
Compensation
Key Employees and Officers Compensation Related Other
Cora Munoz (President) $0 $0 $0
Herb Chen (Vice President) $0 $0 $0
Yung Chen Lu (Treasurer) $0 $0 $0
Roy D'sa (Trustee) $0 $0 $0
Ying Hao (Trustee) $0 $0 $0
Joseph Hau (Trustee) $0 $0 $0
Joseph Jones (Trustee) $0 $0 $0
Hsin Yi Mirabelle Lin (Trustee) $0 $0 $0
Sally Paz (Trustee) $0 $0 $0
Bounthanh Phommasathith (Secretary) $0 $0 $0
Jeff Woo (Trustee) $0 $0 $0
Qiong Yuan (Trustee) $0 $0 $0
Chilin Yu (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$430,776
Expenses
$412,400
Net Income
$18,376
Net Assets
$653,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $430,100
99.8%
Program Services $0
Investment Income $676
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $653,536
Total Liabilities $36
Net Assets $653,500
Compensation
Key Employees and Officers Compensation Related Other
Roy D'sa (Trustee) $0 $0 $0
Ying Hao (Trustee) $0 $0 $0
Joseph Hau (Trustee) $0 $0 $0
Joseph Jones (Trustee) $0 $0 $0
Mirabelle Lin (Trustee) $0 $0 $0
Bounthanh Phommasathit (Trustee) $0 $0 $0
Alma Montano Saddam Phd (Trustee) $0 $0 $0
Yung Chen Lu Phd (Treasurer) $0 $0 $0
Chilin Yu (Trustee) $0 $0 $0
Herbet Chen (Trustee) $0 $0 $0
Sally Paz (Secretary) $0 $0 $0
Cora Munoz Phd (President) $0 $0 $0
Jeffrey Woo (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$355,537
Expenses
$322,906
Net Income
$32,631
Net Assets
$635,607
Notable Sources of Revenue Percent of Total Revenue
Contributions $340,684
95.8%
Program Services $0
Investment Income $14,853
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $635,714
Total Liabilities $107
Net Assets $635,607
Compensation
Key Employees and Officers Compensation Related Other
Yung Chen Lu Phd (Treasurer) $0 $0 $0
Joseph Hau (Trustee) $0 $0 $0
Alma Montano Saddam Phd (Trustee) $0 $0 $0
Chilin Yu (Trustee) $0 $0 $0
Joseph Jones (Trustee) $0 $0 $0
Roy D'sa (Trustee) $0 $0 $0
Mirabelle Lin (Trustee) $0 $0 $0
Ying Hao (Trustee) $0 $0 $0
Bounthanh Phommasathit (Trustee) $0 $0 $0
Cora Munoz Phd (President) $0 $0 $0
Jeffrey Woo (Vice Chair) $0 $0 $0
Herbet Chen (Trustee) $0 $0 $0
Sally Paz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$350,656
Expenses
$300,995
Net Income
$49,661
Net Assets
$602,976
Notable Sources of Revenue Percent of Total Revenue
Contributions $337,461
96.2%
Program Services $0
Investment Income $13,195
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $603,480
Total Liabilities $504
Net Assets $602,976
Compensation
Key Employees and Officers Compensation Related Other
Yung Chen Lu Phd (Treasurer) $0 $0 $0
Manu Sankarappa (Committee Ch) $0 $0 $0
Cora Munoz Phd (Chairperson) $0 $0 $0
Jeffrey Woo (Vice Chair) $0 $0 $0
Sally Paz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$313,891
Expenses
$275,724
Net Income
$38,167
Net Assets
$553,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $300,296
95.7%
Program Services $0
Investment Income $12,595
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,000
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $554,700
Total Liabilities $1,385
Net Assets $553,315
Compensation
Key Employees and Officers Compensation Related Other
Yung Chen Lu Phd (Treasurer) $0 $0 $0
Manu Sankarappa (Committee Ch) $0 $0 $0
Cora Munoz Phd (Chairperson) $0 $0 $0
Jeffrey Woo (Vice Chair) $0 $0 $0
Sally Paz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$315,174
Expenses
$275,593
Net Income
$39,581
Net Assets
$515,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $307,682
97.6%
Program Services $0
Investment Income $7,492
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $515,148
Total Liabilities $0
Net Assets $515,148
Compensation
Key Employees and Officers Compensation Related Other
Yung Chen Lu Phd (Officer) $0 $0 $0
Cora Munoz Phd (Chairperson) $0 $0 $0
Jeffrey Woo (Vice Chair) $0 $0 $0
Herbet Chen (Treasurer) $0 $0 $0
Sally Paz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$374,459
Expenses
$287,224
Net Income
$87,235
Net Assets
$475,567
Notable Sources of Revenue Percent of Total Revenue
Contributions $374,417
100.0%
Program Services $0
Investment Income $42
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $475,567
Total Liabilities $0
Net Assets $475,567
Compensation
Key Employees and Officers Compensation Related Other
Joseph Hau () $0 $0 $0
Malson Kim () $0 $0 $0
Yung Chen Lu Phd () $0 $0 $0
Alma Montano Saddam Phd () $0 $0 $0
Chilin Yu () $0 $0 $0
Orvell John () $0 $0 $0
Joseph Jones () $0 $0 $0
Cora Munoz Phd (Chairperson) $0 $0 $0
Jeffrey Woo (Vice Chair) $0 $0 $0
Danny Caudill (Vice Preside) $0 $0 $0
Herbet Chen (Treasurer) $0 $0 $0
Sally Paz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$287,642
Expenses
$234,942
Net Income
$52,700
Net Assets
$388,332
Notable Sources of Revenue Percent of Total Revenue
Contributions $287,501
100.0%
Program Services $0
Investment Income $141
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $388,332
Total Liabilities $0
Net Assets $388,332
Compensation
Key Employees and Officers Compensation Related Other
Joseph Hau () $0 $0 $0
Malson Kim () $0 $0 $0
Yung Chen Lu Phd () $0 $0 $0
Sally Paz () $0 $0 $0
Nancy Pyon () $0 $0 $0
Alma Montano Saddam Phd () $0 $0 $0
Jason Tang () $0 $0 $0
Chilin Yu () $0 $0 $0
Cora Munoz Phd (Chairperson) $0 $0 $0
Danny Caudill (Vice Preside) $0 $0 $0
Herbet Chen (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$302,894
Expenses
$276,068
Net Income
$26,826
Net Assets
$335,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $302,712
99.9%
Program Services $0
Investment Income $182
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $335,882
Total Liabilities $250
Net Assets $335,632

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$280,197
Expenses
$214,377
Net Income
$65,820
Net Assets
$308,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $275,824
98.4%
Program Services $0
Investment Income $4,373
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $308,806
Total Liabilities $0
Net Assets $308,806

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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