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Asia Society Texas Center Organization Name provided in the GuideStar Exchange* as of 05/09/2014: Asia Society Texas Center

Organization Name as listed in the IRS Business Master File as of 08/11/2014: ASIA SOCIETY TEXAS CENTER

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.

AKA  ASTC
Houston, TX
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GuideStar Summary

&1002; GuideStar Exchange Committed to transparency ?
This organization is a Silver-level GuideStar Exchange participant, demonstrating its commitment to transparency.

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

Asia Society Texas Center Organization Name provided in the GuideStar Exchange* as of 05/09/2014: Asia Society Texas Center

Organization Name as listed in the IRS Business Master File as of 08/11/2014: ASIA SOCIETY TEXAS CENTER

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: ASTC
Physical Address: Houston, TX 77004 
EIN: 03-0433949
Web URL: www.asiasociety.org/centers/texas 
NTEE Category: A Arts, Culture, and Humanities
A20 Arts, Cultural Organizations - Multipurpose
B Educational Institutions
B01 Alliance/Advocacy Organizations
Ruling Year: 2002 
Top Funders: Private Foundations - $15,000,000
Individuals - $1,500,000
Corporations - $1,000,000


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Mission Statement

Asia Society is the leading global and pan-Asian organization working to strengthen relationships and promote understanding among the people, leaders, and institutions of the United States and Asia. Asia Society seeks to increase knowledge and enhance dialogue, encourage creative expression, and generate new ideas across the fields of policy, business, education, arts, and culture. An international nonprofit, nonpartisan, educational organization, the Asia Society provides a forum for building awareness of the more than 30 countries broadly defined as the Asia Pacific region – from Japan to Iran; from Central Asia to New Zealand; from Australia to Pacific Islands – through its New York office and 11 centers around the globe.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses

(GuideStar Exchange,
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May 2014)

Fiscal Year Starting: July 1, 2013
Fiscal Year Ending: June 30, 2014

Total Revenue $6,875,002
Total Expenses $4,005,167

Revenue & Expenses

(GuideStar Exchange,
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May 2014)

Fiscal Year Starting: July 1, 2013
Fiscal Year Ending: June 30, 2014

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership

(GuideStar Exchange,
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May 2014)

Bonna Kol

Board Chair (GuideStar Exchange,
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May 2014)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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May 2014)

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Board Leadership Practices (GuideStar Exchange,
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May 2014)
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GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

Highest Paid Employee data is not available for this organization.

People information was last updated by the nonprofit in May 2014

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Programs

Program: Arts/Culture, Business/Policy and Education (GuideStar Exchange,
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May 2014)

Budget:
$450,000
Category:
Arts, Culture & Humanities
Population Served:
Adults
Ethnic/Racial Minorities -- Other Specified Group
Young Adults (20-25 years) -- currently not in use

Program Description:

Programs:   Arts & Culture Business & Policy Education   Asia Society Texas Center produces over 80 programs each year for the public.

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit

Asia Society programs and events are designed to impact the community through arts and culture, business engagement, policy, and education. Specifically, Arts and Culture Programs focus on the performing and visual arts with public programs such as international music and dance performances, author talks, art lectures, films and food programs; Business Engagement Programs focus on business conferences, business briefings: sector, country, trends, corporate and political leaders, networking and diversity leadership; Policy Programs function to broaden the understanding of the events that shape Asia’s dynamic political, economic, and social environment through the following: Asian Distinguished Leaders (heads of state, cabinet ministers), critical issues, Asia 21 Young Leaders Initiative, and corporate responsibilities – such as microfinance and environment in Asia; and Education Programs which focus on preparing the next generation through education policy leadership, school networks, Chinese language initiatives, and student/teacher resources.
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Reviews

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Contractor data is available for this organization!

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