ASIAN FINANCIAL SOCIETY: Form 990EZ, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ASIAN FINANCIAL SOCIETY (EIN 13-3471772)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-12
- IRS object ID
- 201341349349200444
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-12T00:30:08-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990EZ | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133471772 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASIAN FINANCIAL SOCIETY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ASIA | NameControl |
| Phone | 9177202588 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32 Broadway Suite 1701 | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SC Arnold Chu | Name |
| Title | Treasurer | Title |
| Phone | 9177202588 | Phone |
| Date Signed | 2013-05-11 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Schedule B Not Required | X | ScheduleBNotRequired |
| Web Site | www.afstoday.org | WebSite |
| Organization501c3 | X | Organization501c3 |
| Gross Receipts Less Than25000 | X | GrossReceiptsLessThan25000 |
| Gross Receipts | 72681 | GrossReceipts |
| Contributions Gifts Grants Etc | 200 | ContributionsGiftsGrantsEtc |
| Program Service Revenue | 69252 | ProgramServiceRevenue |
| Membership Dues | 3229 | MembershipDues |
| Investment Income | 0 | InvestmentIncome |
| Gross Amount From Sale Of Assets | 0 | GrossAmountFromSaleOfAssets |
| Cost Other Basis And Sales Expenses | 0 | CostOtherBasisAndSalesExpenses |
| Gain Or Loss From Sale Of Assets | 0 | GainOrLossFromSaleOfAssets |
| Gaming Gross Income | 0 | GamingGrossIncome |
| Fundraising Gross Income | 0 | FundraisingGrossIncome |
| Special Events Direct Expenses | 0 | SpecialEventsDirectExpenses |
| Special Events Net Income Loss | 0 | SpecialEventsNetIncomeLoss |
| Gross Sales Of Inventory | 0 | GrossSalesOfInventory |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
| Gro Profit Loss Sales Of Inventory | 0 | GroProfitLossSalesOfInventory |
| Other Revenue Total | 0 | OtherRevenueTotal |
| Total Revenue | 72681 | TotalRevenue |
| Grants And Similar Amounts Paid | 0 | GrantsAndSimilarAmountsPaid |
| Benefits Paid To Or For Members | 0 | BenefitsPaidToOrForMembers |
| Salaries Other Comp Empl Benefits | 21042 | SalariesOtherCompEmplBenefits |
| Fees And Oth Pymt To Ind Contractors | 16290 | FeesAndOthPymtToIndContractors |
| Occupancy Rent Utilities And Maint | 1653 | OccupancyRentUtilitiesAndMaint |
| Printing Publications Postage | 3996 | PrintingPublicationsPostage |
| Other Expenses Total | 0 | OtherExpensesTotal |
| Total Expenses | 42981 | TotalExpenses |
| Excess Or Deficit For Year | 29700 | ExcessOrDeficitForYear |
| Net Assets Or Fund Balances BOY | 18936 | NetAssetsOrFundBalancesBOY |
| Other Changes In Net Assets | 0 | OtherChangesInNetAssets |
| Net Assets Or Fund Balances EOY | 48636 | NetAssetsOrFundBalancesEOY |
Cash Savings And Investments CashSavingsAndInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18936 | BOY |
| EOY | 48636 | EOY |
Land And Buildings LandAndBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18936 | BOY |
| EOY | 48636 | EOY |
Sum Of Total Liabilities SumOfTotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Net Assets Or Fund Balances NetAssetsOrFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18936 | BOY |
| EOY | 48636 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Primary Exempt Purpose | Disseminate information about and assist young people and general public in taking advantage of opportunities available for employment and advancement in banking and financial institutions. | PrimaryExemptPurpose |
Program Service Accomplishment ProgramServiceAccomplishment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Service Accom | I. AFS 2012 Summer Career Enrichment Training - 16 sessions program introduction to a wide range of specializations in financial industry -doubled that of prior year: Session 1 Real Estate Market Session 2 Financial regulation Session 3 Risk Management Introduction Session 4 Private Equity Introduction and Analysis Session 5 Investor Relation for Public Companies Session 6 Credit Analysis Session 7 Interview Skills Session 8 MBS trading and Analysis Session 9 Portfolio Management and Asset Allocation Session 10 Wealth Management Session 11 Institutional Trading & Sales Session 12 Capital Market & IPO Session 13 Overview of Structured Finance Session 14 Asset Liability Management Session 15 Wall Street Overview - from Business to Career Path Session 16 Closing Bell - US capital market; II. HSBC event - Diversification for the Global Economy; III. Business Risk Management for China Inbound Investment and Cross-border M and A Transactions; IV. The Economic Outlook for China in 2012 - Risks and Opportunities; V. US Real Property and REIT Market Opportunity Review; VI. Career Enrichment; VII. AFS Conference; VIII. Update of U.S. GAAP and IFRS development, Accounting/Reporting for Chinese companies listed in the U.S., and Employment-based Immigration (EB-5 Program); IX. Investment Discussion Group; X. Aging Population- Challenges and Opportunities for Asset Managers; XI. "US and China Capital Markets" Seminar; XII. Aging Population- Challenges and Opportunities for Asset Managers; XIII. RMB Internationalization and Its Effect on Global Capital Markets; Combined audience of more than 1000. | DescriptionProgramServiceAccom |
| Grants And Allocations | 0 | GrantsAndAllocations |
| Includes Foreign Grants | X | IncludesForeignGrants |
| Program Service Expenses | 17839 | ProgramServiceExpenses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | 17839 | TotalProgramServiceExpenses |
Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (19 entries)
| TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|
| Blake Zhang | ||||
| President - Chairman | 4 | 0 | 0 | 0 |
| Sam Van | ||||
| VP - Vicechair | 2 | 0 | 0 | 0 |
| Qin Wang | ||||
| Secretary | 3 | 0 | 0 | 0 |
| Tracy Wan | ||||
| Co-Treasurer | 2 | 0 | 0 | 0 |
| SC Arnold Chu | ||||
| Co-Treasurer | 6 | 0 | 0 | 0 |
| Dayong Liu | ||||
| Director | 3 | 0 | 0 | 0 |
| Yuan Cheng | ||||
| Director | 2 | 0 | 0 | 0 |
| Ji Qin | ||||
| Director | 1 | 0 | 0 | 0 |
| Maggie Chen | ||||
| Director | 1 | 0 | 0 | 0 |
| Jin Liu | ||||
| Director | 1 | 0 | 0 | 0 |
| Jing Zhang | ||||
| Director | 1 | 0 | 0 | 0 |
| Michael Zakkour | ||||
| Director | 1 | 0 | 0 | 0 |
| Ming Xiang | ||||
| Director | 3 | 0 | 0 | 0 |
| Jinfeng Tang | ||||
| Director | 1 | 0 | 0 | 0 |
| Patrick Donohue | ||||
| Director | 1 | 0 | 0 | 0 |
| Ying Yen | ||||
| Director | 1 | 0 | 0 | 0 |
| Yiting Liu | ||||
| Director | 1 | 0 | 0 | 0 |
| Catherine Fan | ||||
| Director | 1 | 0 | 0 | 0 |
| Jie Xiu | ||||
| Director | 1 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRpt |
| Made Changes To Orgnzng Etc Doc | 0 | MadeChangesToOrgnzngEtcDoc |
| Organization Had UBI | 0 | OrganizationHadUBI |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtc |
| Direct Indirect Political Expend | 0 | DirectIndirectPoliticalExpend |
| Did Org File Form1120 POL This Year | 0 | DidOrgFileForm1120POLThisYear |
| Made Loans To From Officers | 0 | MadeLoansToFromOfficers |
| Tax Imposed Under IRC4911 | 0 | TaxImposedUnderIRC4911 |
| Tax Imposed Under IRC4912 | 0 | TaxImposedUnderIRC4912 |
| Tax Imposed Under IRC4955 | 0 | TaxImposedUnderIRC4955 |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTrans |
| Amount Of Tax Imposed On Org Mgr | 0 | AmountOfTaxImposedOnOrgMgr |
| Amount Of Tax Reimbursed By Org | 0 | AmountOfTaxReimbursedByOrg |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SC Arnold Chu | NamePerson |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32 Broadway Suite 1701 | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9177202588 | TelephoneNumber |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Foreign Office | 0 | ForeignOffice |
| Maintain Any Donor Advised Funds | 0 | MaintainAnyDonorAdvisedFunds |
| Does Org Have Hospital | 0 | DoesOrgHaveHospital |
| Tanning Services Provided | 0 | TanningServicesProvided |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction With Control Entity | 0 | TransactionWithControlEntity |
| Engage Political Cmpgn Activities | 0 | EngagePoliticalCmpgnActivities |
| Engage In Lobbying Activities | 0 | EngageInLobbyingActivities |
| Operating School | 0 | OperatingSchool |
| Trnsfrs Exempt Non Char Related Org | 0 | TrnsfrsExemptNonCharRelatedOrg |
| Part VI Of Comp Of Highest Paid Empl | NONE | PartVIOfCompOfHighestPaidEmpl |
| Part VIA Hghst Paid Cntrct Prof Ser | NONE | PartVIAHghstPaidCntrctProfSer |
| Filed Schedule A | 1 | FiledScheduleA |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 810 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 800 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11352 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1990 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3429 | CurrentTaxYear |
| Total | 18381 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5980 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3750 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3364 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3132 | CurrentTaxYearMinus1Year |
| Current Tax Year | 69252 | CurrentTaxYear |
| Total | 85478 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Tax Rev Levied For Org Benefit509 TaxRevLeviedForOrgBenefit509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Value Of Svcs Fclts Furnishd By Govt ValueOfSvcsFcltsFurnishdByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6790 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4550 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14716 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5122 | CurrentTaxYearMinus1Year |
| Current Tax Year | 72681 | CurrentTaxYear |
| Total | 103859 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 103859 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 10 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11 | CurrentTaxYearMinus1Year |
| Current Tax Year | 20 | CurrentTaxYear |
| Total | 81 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 10 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11 | CurrentTaxYearMinus1Year |
| Current Tax Year | 20 | CurrentTaxYear |
| Total | 81 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6820 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4560 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14726 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5133 | CurrentTaxYearMinus1Year |
| Current Tax Year | 72701 | CurrentTaxYear |
| Total | 103940 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99922 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.99775 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00078 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00225 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | F99Z_P03_S00_L32 | Identifier |
| Return Reference | Form 990-EZ, Part III, Line 32 | ReturnReference |
| Explanation | Disseminate information about and assist young people and general public in taking advantage of opportunities available for employment and advancement in banking and financial institutions. | Explanation |