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Asian Financial Society

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: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.28k (2023)

Expenses
$6.16k (2023)

Total Assets
$124k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2010 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 990-EZ
Revenue
$4,282
Expenses
$6,161
Net Income
-$1,879
Net Assets
$124,459
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,983
> 100%
Program Services $1,063
24.8%
Investment Income $101
2.4%
Net Fundraising $0
Sales of Assets -$2,961
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $124,459
Total Liabilities $0
Net Assets $124,459
Compensation
Key Employees and Officers Compensation Other
Frank Mah (Chair) $0 $0
Yuejuan Weng (President) $0 $0
Chengying Xiu (Director) $0 $0
David Liu (Secretary) $0 $0
Leon Li (Director) $0 $0
Arnold Chu (Treasurer) $0 $0
Blake Zhang (Director) $0 $0
Morgan Jones (Director) $0 $0
Joanne Chiu (Director) $0 $0
Jack Xu (Director) $0 $0
Kewa Luo (Director) $0 $0
Vageesh Naik (Director) $0 $0
Andy Li (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$4,005
Expenses
$4,790
Net Income
-$785
Net Assets
$126,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,568
64.1%
Program Services $1,074
26.8%
Investment Income $113
2.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $126,338
Total Liabilities $0
Net Assets $126,338
Compensation
Key Employees and Officers Compensation Other
Frank Mah (Chair) $0 $0
Yuejuan Weng (President) $0 $0
Chengying Xiu (Director) $0 $0
David Liu (Secretary) $0 $0
Leon Li (Director) $0 $0
Arnold Chu (Treasurer) $0 $0
Blake Zhang (Director) $0 $0
Morgan Jones (Director) $0 $0
Joanne Chiu (Director) $0 $0
Jack Xu (Director) $0 $0
Kewa Luo (Director) $0 $0
Vageesh Naik (Director) $0 $0
Andy Li (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$1,993
Expenses
$3,769
Net Income
-$1,776
Net Assets
$127,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,020
51.2%
Program Services $0
Investment Income $73
3.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $127,123
Total Liabilities $0
Net Assets $127,123
Compensation
Key Employees and Officers Compensation Other
Chengying Xiu (Chairman) $0 $0
Kewa Luo (President) $0 $0
Arnold Chu (Treasurer) $0 $0
Frank Mah (Secretary) $0 $0
Loy Weng (Secreatary) $0 $0
Si Yang (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Qin Wang (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Avery Starr (Director) $0 $0
Morgan Jones (Director) $0 $0
Johnny Su (Director) $0 $0
Shan Chen (Director) $0 $0
Jack Xu (Director) $0 $0
Yuejuan Weng (Director) $0 $0
Vageesh Naik (Director) $0 $0
Frank Wuang (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$24,541
Expenses
$27,116
Net Income
-$2,575
Net Assets
$128,899
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,979
97.7%
Program Services $104
0.4%
Investment Income $58
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $128,899
Total Liabilities $0
Net Assets $128,899
Compensation
Key Employees and Officers Compensation Other
Chengying Xiu (Chairman) $0 $0
Kewa Luo (President) $0 $0
Arnold Chu (Treasurer) $0 $0
Frank Mah (Secretary) $0 $0
Craig Williston (Director) $0 $0
Loy Weng (Secreatary) $0 $0
Si Yang (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Qin Wang (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Avery Starr (Director) $0 $0
Morgan Jones (Director) $0 $0
Johnny Su (Director) $0 $0
Shan Chen (Director) $0 $0
Jack Xu (Director) $0 $0
Yuejuan Weng (Director) $0 $0
Vageesh Naik (Director) $0 $0
Frank Wuang (Director) $0 $0
Sam Van (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$35,217
Expenses
$30,412
Net Income
$4,805
Net Assets
$131,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,053
51.3%
Program Services $15,914
45.2%
Investment Income $50
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $131,474
Total Liabilities $0
Net Assets $131,474
Compensation
Key Employees and Officers Compensation Other
Chengying Xiu (Chairman) $0 $0
Kewa Luo (President) $0 $0
Arnold Chu (Treasurer) $0 $0
Frank Mah (Secretary) $0 $0
Craig Williston (Director) $0 $0
Loy Weng (Secreatary) $0 $0
Si Yang (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Qin Wang (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Avery Starr (Director) $0 $0
Morgan Jones (Director) $0 $0
Johnny Su (Director) $0 $0
Shan Chen (Director) $0 $0
Jack Xu (Director) $0 $0
Yuejuan Weng (Director) $0 $0
Vageesh Naik (Director) $0 $0
Frank Wuang (Director) $0 $0
Sam Van (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$33,165
Expenses
$28,451
Net Income
$4,714
Net Assets
$126,669
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,501
34.7%
Program Services $15,901
47.9%
Investment Income $32
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $126,669
Total Liabilities $0
Net Assets $126,669
Compensation
Key Employees and Officers Compensation Other
Jack Xu (Chairman) $0 $0
Kewa Luo (President) $0 $0
Arnold Chu (Treasurer) $0 $0
Frank Mah (Secretary) $0 $0
Craig Williston (Director) $0 $0
Loy Weng (Director) $0 $0
Si Yang (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Jie Xiu (Director) $0 $0
Qin Wang (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Avery Starr (Director) $0 $0
Morgan Jones (Director) $0 $0
Johnny Su (Director) $0 $0
Yiting Liu (Director) $0 $0
Shan Chen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$44,207
Expenses
$40,572
Net Income
$3,635
Net Assets
$121,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,432
19.1%
Program Services $32,487
73.5%
Investment Income $28
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $122,381
Total Liabilities $426
Net Assets $121,955
Compensation
Key Employees and Officers Compensation Other
Jack Xu (Chairman) $0 $0
Kewa Luo (President) $0 $0
Arnold Chu (Treasurer) $0 $0
Frank Mah (Secretary) $0 $0
Sam Van (Director) $0 $0
Tracy Wan (Director) $0 $0
David Liu (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Jie Xiu (Director) $0 $0
Qin Wang (Director) $0 $0
Allen Chang (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Ling Chen (Director) $0 $0
Morgan Jones (Director) $0 $0
Francis Sheng (Director) $0 $0
Wei Zhao (Director) $0 $0
Yiting Liu (Director) $0 $0
Shan Chen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$38,381
Expenses
$37,181
Net Income
$1,200
Net Assets
$118,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,380
27.0%
Program Services $26,860
70.0%
Investment Income $27
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $45
0.1%
Assets/Debt
Total Assets $118,320
Total Liabilities $0
Net Assets $118,320
Compensation
Key Employees and Officers Compensation Other
Qin Wang (Chairman) $0 $0
Kevin Chen (President) $0 $0
Allen Chang (Secretary) $0 $0
Arnold Chu (Co Treasurer) $0 $0
Sam Van (Co Treasurer) $0 $0
Tracy Wan (Director) $0 $0
David Liu (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Jie Xiu (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Morgan Jones (Director) $0 $0
Ming Xiang (Director) $0 $0
Kewa Luo (Director) $0 $0
Wei Zhao (Director) $0 $0
Yiting Liu (Director) $0 $0
Jack Xu (Director) $0 $0
Shawn Hou (Director) $0 $0
Xiao Yang (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$53,033
Expenses
$27,770
Net Income
$25,263
Net Assets
$117,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,271
98.6%
Investment Income $12
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $117,120
Total Liabilities $0
Net Assets $117,120
Compensation
Key Employees and Officers Compensation Other
Qin Wang (Chairman) $0 $0
Kevin Chen (President) $0 $0
Allen Chang (Secretary) $0 $0
Arnold Chu (Co Treasurer) $0 $0
Sam Van (Co Treasurer) $0 $0
Tracy Wan (Director) $0 $0
David Liu (Director) $0 $0
Cheng Yuan (Director) $0 $0
Charlie Peng (Director) $0 $0
Blake Zhang (Director) $0 $0
Jie Xiu (Director) $0 $0
Jin Liu (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Morgan Jones (Director) $0 $0
Ming Xiang (Director) $0 $0
Kewa Luo (Director) $0 $0
Wei Zhao (Director) $0 $0
Yiting Liu (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$109,492
Expenses
$70,462
Net Income
$39,030
Net Assets
$91,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,305
2.1%
Program Services $106,439
97.2%
Investment Income $10
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $91,857
Total Liabilities $0
Net Assets $91,857
Compensation
Key Employees and Officers Compensation Other
Blake Zhang (Chairman) $0 $0
Qin Wang (President) $0 $0
Ji Qin (Secretary) $0 $0
Arnold Chu (Co Treasurer) $0 $0
Sam Van (Co Treasurer) $0 $0
Tracy Wan (Director) $0 $0
David Liu (Director) $0 $0
Cheng Yuan (Director) $0 $0
Charlie Peng (Director) $0 $0
David Zhang (Director) $0 $0
Jie Xiu (Director) $0 $0
Jin Liu (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Kevin Chen (Director) $0 $0
Ming Xiang (Director) $0 $0
Patrick Donohue (Director) $0 $0
Xiao Yang (Director) $0 $0
Yiting Liu (Director) $0 $0
Allen Chang (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$33,257
Expenses
$29,056
Net Income
$4,201
Net Assets
$52,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,370
91.3%
Investment Income $14
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $52,837
Total Liabilities $0
Net Assets $52,837
Compensation
Key Employees and Officers Compensation Other
Blake Zhang (President Chairman) $0 $0
Sam Van (Vp Vicechair) $0 $0
Qin Wang (Secretary) $0 $0
Tracy Wan (Co Treasurer) $0 $0
Sc Arnold Chu (Co Treasurer) $0 $0
Dayong Liu (Director) $0 $0
Yuan Cheng (Director) $0 $0
Ji Qin (Director) $0 $0
Maggie Chen (Director) $0 $0
Jin Liu (Director) $0 $0
Jing Zhang (Director) $0 $0
Michael Zakkour (Director) $0 $0
Ming Xiang (Director) $0 $0
Jinfeng Tang (Director) $0 $0
Patrick Donohue (Director) $0 $0
Ying Yen (Director) $0 $0
Yiting Liu (Director) $0 $0
Catherine Fan (Director) $0 $0
Jie Xiu (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$72,681
Expenses
$42,981
Net Income
$29,700
Net Assets
$48,636
Notable Sources of Revenue Percent of Total Revenue
Contributions $200
0.3%
Program Services $69,252
95.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $48,636
Total Liabilities $0
Net Assets $48,636

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$5,133
Expenses
$9,093
Net Income
-$3,960
Net Assets
$18,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,132
61.0%
Investment Income $11
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $18,936
Total Liabilities $0
Net Assets $18,936

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$14,726
Expenses
$14,292
Net Income
$434
Net Assets
$22,896
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,060
95.5%
Investment Income $10
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $22,896
Total Liabilities $0
Net Assets $22,896

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.

Which Organizations Are Here?

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 »

Get the Data

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.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • 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.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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