STRATEGY STUDIO / PUBLIC DATA EXPLORER

ASIAN FINANCIAL SOCIETY: Form 990EZ, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ASIAN FINANCIAL SOCIETY (EIN 13-3471772)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-13
IRS object ID
201401349349200810
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-05-13T12:33:06-07:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133471772EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASIAN FINANCIAL SOCIETYBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlASIABusinessNameControlTxt
Phone9177202588PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line132 Broadway Suite 1701AddressLine1
CityNew YorkCity
StateNYState
ZIP Code10004ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSC Arnold ChuPersonNm
Person TitleTreasurerPersonTitleTxt
Phone9177202588PhoneNum
Signature2014-05-13SignatureDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresswww.afstoday.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$33,257GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$0ContributionsGiftsGrantsEtcAmt
Program Service Revenue$30,370ProgramServiceRevenueAmt
Membership Dues$2,873MembershipDuesAmt
Investment Income$14InvestmentIncomeAmt
Sale Of Assets Gross$0SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$0OtherRevenueTotalAmt
Total Revenue$33,257TotalRevenueAmt
Grants And Similar Amounts Paid$0GrantsAndSimilarAmountsPaidAmt
Benefits Paid To Or For Members$0BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$0SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$25,672FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,012OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$1,026PrintingPublicationsPostageAmt
Other Expenses Total$1,346OtherExpensesTotalAmt
Total Expenses$29,056TotalExpensesAmt
Excess Or Deficit For Year$4,201ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$48,636NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$52,837NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$48,636BOYAmt
EOY$52,837EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$48,636BOYAmt
EOY$52,837EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$48,636BOYAmt
EOY$52,837EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeDisseminate information about and assist young people and general public in taking advantage of opportunities available for employment and advancement in banking and financial institutions.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomI. AFS 2013 Summer Career Enrichment Training -June to August - 20 sessions program introduction to a wide range of specializations in financial industry: Session 1 Wall Street Overview - from Business to Career Path Session 2 How I Became a Portfolio Manager Session 3 ProRPG - Career Readiness training informational session Session 4 Overview of Structured Finance Session 5 Cross Border Merger & Acquisition Session 6 Investor Relation for Public Companies Session 7 Corporate Banking - Treasury and Trade Solution, Trade Finance Session 8 US Mortgage Market and MBS tradings Session 9 Asset Liability Management Session 10 Private Equity Introduction & Career Path Session 11 Wealth Management Session 12 Consumer Credit Scoring Model Session 13 Financial Regulation, Basel and Housing Reform Session 14 Institutional Sales & Client Relations Session 15 Interview Skills Session 16 Capital Structure Optimization Session 17 Corporate Finance Session 18 Credit Analysis Session 19 Investor Relation for Public Companies Session 20 Closing Ceremony; September 30th, 2013: US/China Economic Development And Capital Markets--Exchange And Discussions Between AFS Members and Visiting Tsinghua Senior Manager MBAs; October 17th, 2013: Investment Perspective 4; August 22nd, 2013: Investment Perspective 3; June 13th, 2013: PE/VC Investment 2: China-US Investment; June 11st, 2013: Think Asia, Think HongKong; June 6th, 2013: Practical ways on effective due diligence work - Knowledge sharing from financial and tax perspective by experienced UHY professionals; May 15th, 2013: Investment Perspective 2 -AFS Quarterly Investment Meeting May 7th, 2013: Hedge Fund Technology: Proficiency, Efficiency, and Innovation; April 25th, 2013: Business and Career Opportunities with the United Nations: Perspective from Senior UN Officials; April 18th, 2013: Asian Financial Society Happy Hour; March 27th, 2013: Jim Chanos & Stephen Roach: China Short and Long; March 28th, 2013: U.S. Energy Independence and Its Global Implications; March 21st, 2013: US Commercial Real Estate Update; March 11th, 2013: RMB Internationalization and Its Effect on Global and China Capital Markets:Opportunities for U.S. Investors; February 28th, 2013: PE/VC Investment 1: Fund Raising & Venture Development; January 30th, 2013: Investment Perspective 1 - Outlook 2013;DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$27,368ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$27,368TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (19 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Blake Zhang
President - Chairman3$0$0$0
Sam Van
VP - Vicechair2$0$0$0
Qin Wang
Secretary3$0$0$0
Tracy Wan
Co-Treasurer2$0$0$0
SC Arnold Chu
Co-Treasurer3$0$0$0
Dayong Liu
Director2$0$0$0
Yuan Cheng
Director1$0$0$0
Ji Qin
Director1$0$0$0
Maggie Chen
Director1$0$0$0
Jin Liu
Director1$0$0$0
Jing Zhang
Director1$0$0$0
Michael Zakkour
Director1$0$0$0
Ming Xiang
Director2$0$0$0
Jinfeng Tang
Director2$0$0$0
Patrick Donohue
Director1$0$0$0
Ying Yen
Director1$0$0$0
Yiting Liu
Director1$0$0$0
Catherine Fan
Director1$0$0$0
Jie Xiu
Director2$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptYes (1)ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Form1120 Pol Filed0Form1120PolFiledInd
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSC Arnold ChuPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line132 Broadway Suite 1701AddressLine1
CityNew YorkCity
StateNYState
ZIP Code10004ZIPCode
FieldValueIRS element (for citing)
Phone9177202588PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$800CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$680CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,990CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,429CurrentTaxYearMinus1YearAmt
Current Tax Year$2,873CurrentTaxYearAmt
Total$9,772TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,750CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,403CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,132CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,252CurrentTaxYearMinus1YearAmt
Current Tax Year$30,385CurrentTaxYearAmt
Total$109,922TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,550CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,083CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,122CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$72,681CurrentTaxYearMinus1YearAmt
Current Tax Year$33,258CurrentTaxYearAmt
Total$119,694TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$119,694PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20CurrentTaxYearMinus1YearAmt
Current Tax Year$14CurrentTaxYearAmt
Total$65TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20CurrentTaxYearMinus1YearAmt
Current Tax Year$14CurrentTaxYearAmt
Total$65TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,560CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,093CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,133CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$72,701CurrentTaxYearMinus1YearAmt
Current Tax Year$33,272CurrentTaxYearAmt
Total$119,759TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99946PublicSupportCY509Pct
Public Support PY5090.99922PublicSupportPY509Pct
Investment Income CY0.00054InvestmentIncomeCYPct
Investment Income PY0.00078InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 16D&O Insurance
Form 990-EZ, Part V, Line 34Bylaws updated to: 1. Add the Conflicts of Interest and Indemnification of Directors and Officers clauses and provide standard language under such provisions; 2. Expand Mission Statements; 3. Change "mail and publication of meeting notices" to "mail OR publication of meeting notices"; 4. Add a class of nonvoting members; 5. Change Staggered Board terms to annual election of entire board; 6. Extend terms of officer to 2 years.