ASIAN AMERICAN RESOURCE FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: ASIAN AMERICAN RESOURCE FOUNDATION INC (EIN 58-2321987)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-15
IRS object ID: 201312279349303126
Schema version: 2012v2.1
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
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-15T13:47:36-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WESLEY & ASSOCIATES ATLANTA CO	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3700 CRESTWOOD PARKWAY STE 380	AddressLine1
City	DULUTH	City
State	GA	State
ZIP Code	30096	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	582321987	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ASIAN AMERICAN RESOURCE FOUNDATION	BusinessNameLine1
Business Name Line2	INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	ASIA	NameControl
Phone	7702700663	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3635 PEACHTREE INDUSTRIAL BLVD	AddressLine1
Address Line2	ROOM/SUITE 450	AddressLine2
City	DULUTH	City
State	GA	State
ZIP Code	30096	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	CONNIE JEE	Name
Title	PRESIDENT	Title
Phone	7702700663	Phone
Date Signed	2013-08-15	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	TAEWOO YUN CPA	Name
Phone	7704511850	Phone
Date Prepared	2013-08-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Gross Receipts	396560	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.AARC-ATLANTA.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1997	YearFormation
State Legal Domicile	GA	StateLegalDomicile
Activity Or Mission Description	PROVIDES EDUCATION TO THE UNSKILLED PEOPLE WITH STATE GRANT AND SUPPORT SHELTER FOR HOMELESS OR THE POOR WITH FEDERAL HUD GRANT.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	15	NbrIndependentVotingMembers
Total Nbr Employees	5	TotalNbrEmployees
Total Nbr Volunteers	5	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	384165	ContributionsGrantsPriorYear
Contributions Grants Current Year	370028	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	46212	ProgramServiceRevenuePriorYear
Program Service Revenue CY	26532	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	536	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	430913	TotalRevenuePriorYear
Total Revenue Current Year	396560	TotalRevenueCurrentYear
Grants And Similar Amnts CY	8900	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	143463	SalariesEtcPriorYear
Salaries Etc Current Year	178047	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	300112	OtherExpensePriorYear
Other Expenses Current Year	239141	OtherExpensesCurrentYear
Total Expenses Prior Year	443575	TotalExpensesPriorYear
Total Expenses Current Year	426088	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-12662	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-29528	RevenuesLessExpensesCY
Total Assets BOY	25312	TotalAssetsBOY
Total Assets EOY	33175	TotalAssetsEOY
Total Liabilities BOY	1983	TotalLiabilitiesBOY
Total Liabilities EOY	20574	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	23329	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	12601	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	PROVIDES EDUCATION TO THE UNSKILLED PEOPLE WITH STATE GRANT AND SUPPORT SHELTER FOR HOMELESS OR THE POOR WITH FEDERAL HUD GRANT.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	311912	Expense
Grants	4100	Grants
Description	PROVIDED EDUCATION TO THE UNSKILLED PEOPLE WITH STATE GRANT AND SUPPORTED SHELTER FOR HOMELESS OR THE POOR WITH FEDERAL HUD GRANT.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	4800	Expense
Grants	4800	Grants
Description	GRANT TO LOCAL CHRISTIANITY GROUP TO IMPROVE RELATIONSHIP	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	31318	Expense
Description	PROVIDED EDUCATION TO THE UNSKILLED PEOPLE WITH STATE GRANT AND SUPPORTED SHELTER FOR HOMELESS OR THE POOR WITH FEDERAL HUD GRANT.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	31318	TotalOfOtherProgramServiceExp
Total Program Service Expense	348030	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	25	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	5	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Nbr Voting Governing Body Members	15	NbrVotingGoverningBodyMembers
Number Independent Voting Members	15	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	WESLEY & ASSOCIATES CPA	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	7704511850	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3700 CRESTWOOD PKWY STE 380	AddressLine1
City	DULUTH	City
State	GA	State
ZIP Code	30096	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA

Field	Value	IRS element (for citing)
Name Person	CONNIE JEE	NamePerson
Title	PRESIDENT	Title
Average Hours Per Week	40.00	AverageHoursPerWeek
Officer	X	Officer
Reportable Comp From Organization	40008	ReportableCompFromOrganization
Reportable Comp From Related Orgs	0	ReportableCompFromRelatedOrgs
Other Compensation	0	OtherCompensation

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	40008	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	310835	GovernmentGrants
All Other Contributions	59193	AllOtherContributions
Total Contributions	370028	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EARN BENEFIT	18750	18750
RICE FESTIVAL	5530	5530
TEMPORARY HOUSING	1352	1352
COUNSELING & ENGLISH CLASS	900	900

Field	Value	IRS element (for citing)
Total Program Service Revenue	26532	TotalProgramServiceRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	396560	TotalRevenueColumn
Related Or Exempt Function Income	26532	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	4800	Total
Program Services	4800	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	4100	Total
Program Services	4100	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	40008	Total
Program Services	31318	ProgramServices
Management And General	8690	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	127789	Total
Program Services	127789	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	10250	Total
Program Services	1538	ProgramServices
Management And General	8712	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	4878	Total
Management And General	4878	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	109845	Total
Program Services	97743	ProgramServices
Management And General	12102	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	125	Total
Management And General	125	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	23888	Total
Program Services	23353	ProgramServices
Management And General	535	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2146	Total
Management And General	2146	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	42020	Total
Program Services	13992	ProgramServices
Management And General	28028	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	3268	Total
Program Services	1484	ProgramServices
Management And General	1784	ManagementAndGeneral

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	2838	Total
Program Services	167	ProgramServices
Management And General	2671	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	475	Total
Management And General	475	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
LEASING (APARTMENT)	36442	36442
AUTO EXPENSE	7399	1228	6171
SUPPLIES	3376	3376
MEMBERSHIP DUE	1000		1000

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1441	Total
Program Services	700	ProgramServices
Management And General	741	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	426088	Total
Program Services	348030	ProgramServices
Management And General	78058	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	10579	BOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	10814	BOY
EOY	32731	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	3000	BOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	15087	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	14643	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	919	BOY
EOY	444	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	25312	BOY
EOY	33175	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1983	BOY
EOY	5288	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	15286	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1983	BOY
EOY	20574	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	23329	BOY
EOY	12601	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	23329	BOY
EOY	12601	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	25312	BOY
EOY	33175	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-29528	ReconcilationRevenueExpenses
Reconcilation Other Changes	18800	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	289136	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	278945	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	391142	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	384165	CurrentTaxYearMinus1Year
Current Tax Year	370028	CurrentTaxYear
Total	1713416	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	289136	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	278945	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	391142	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	384165	CurrentTaxYearMinus1Year
Current Tax Year	370028	CurrentTaxYear
Total	1713416	Total

Field	Value	IRS element (for citing)
Public Support Total170	1713416	PublicSupportTotal170
Total Support	1713416	TotalSupport
Gross Receipts From Admissions Etc	26532	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	1.00000	PublicSupportPertcentage170
Public Support Pertcent Prior Year	1.00000	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	15087	OtherCostOrOtherBasis
Depreciation	14643	Depreciation
Book Value	444	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	444	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	BANK OVERDRAFT	Description
Amount	$15,286	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	15286	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	PROVIDED EDUCATION TO THE UNSKILLED PEOPLE WITH STATE GRANT AND SUPPORTED SHELTER FOR HOMELESS OR THE POOR WITH FEDERAL HUD GRANT.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC
OTHER FEES FOR SERVICES	FORM 990, PART IX, LINE 11G	OUTSIDE CONTRACTOR 97,743 12,102 0
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	PREVISOU YEAR GRAND RECEIVABLE ADJUSTMENT 18,800