Asia Society

CharityWatch's rating of The Asia Society includes the financial activities of the offices included in its IRS Form 990 filing (tax ID #13-3234632) and related audited financial statements. Asia Society is headquartered in New York City, and "...the organization has centers in Los Angeles and an office in Washington, D.C....," according to Note 1 of The Asia Society audit of June 30, 2024.

CharityWatch's rating of The Asia Society does not include the financial activities of the Society's affiliates in Delhi; Houston, Texas; Hong Kong; Manila; Melbourne; Mumbai; Paris; San Francisco, CA; Sydney; Tokyo; and Zurich. According to Note 1 of The Asia Society audit of June 30, 2024:

"...Each affiliate operates in concert with the Society based on a Global Operating Agreement and pays an annual participation fee to the Society in consideration of being part of the Society organization and the global services provided by the Society. In addition, the Society has entered into an agreement with each affiliate under which the Society has granted a royalty-free license to use the Society's trademark and related marks and trade names. The activities of the affiliate offices are not reflected in the accompanying [audited] financial statements..."

According to The Asia Society tax filing for the fiscal year ended June 30, 2024 re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III), the Society reports:

Regarding first-class or charter travel to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 1a):

"...In accordance with his employment contract, first class travel is provided for the former President and CEO. This is not treated as taxable compensation..."

[Kevin M. Rudd, Past President & CEO / President, ASPI, had $524,007 of reported total compensation in 2023 (IRS Form 990, Schedule J, Part II)].

Regarding severance or change-of-control payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a):

"The CFO received a separation payment of $85,000."

[Julia Nelson, Past CFO, received $395,737 of reported total compensation in 2023 (IRS Form 990, Schedule J, Part II)].

According to The Asia Society (the Society) tax filing for the fiscal year ended June 30, 2024 re: Compensation, Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II), the Society reports:

The Society reports providing "bonus & incentive compensation" to two individuals during 2023. Kevin M. Rudd, Past President & CEO / President, ASPI, received $250,000 of bonus and incentive compensation, with total reported compensation of $524,007 during 2023. Additionally, Debra Eiseman, EVP & Chief Operating Officer, received $190,000 of bonus and incentive compensation, with total reported compensation of $572,238 during 2023.

According to The Asia Society tax filing for the fiscal year ended June 30, 2024, the Society reports for Business Transactions Involving Interested Persons a transaction in the amount of $183,030 involving Shay Wester, Family Member of Trustee, related to compensation from the Society (IRS Form 990, Schedule L, Parts IV & V). 

According to The Asia Society's (the Society) fiscal 2024 tax filing: "Business Relationships[.] Stephen A. Schwarzman, Trustee, and Michael S. Chae, Trustee, have a business relationship. Both are Officers of Blackstone Group Management, LLC." (IRS Form 990, Schedule O re: Form 990, Part VI, Section A, line 2). The Society reports having 65 voting members on its governing body at the end of fiscal 2024, with 63 members being independent (IRS Form 990, Part VI, Section A, lines 1a & 1b).