TY 2017 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

A For the 2019 calendar year, or tax year beginning 07-01-2017 , and ending 06-30-2018

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
THE ASIA SOCIETY

% Julia Nelson

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
725 PARK AVENUE

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100215088

D Employer identification number

13-3234632

E Telephone number

G Gross receipts $ 45,171,290

F Name and address of principal officer:
Josette Sheeran
725 PARK AVENUE
NEW YORK,NY100215088

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.ASIASOCIETY.ORG

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1956

M State of legal domicile: NY

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: The society is an international nonprofit nonpartisan organization which connects people and institutions in asia and the world.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	68
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	65
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	192
6	Total number of volunteers (estimate if necessary) .............	6	145
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	-962
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	40,338

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	28,797,534	30,519,057
9	Program service revenue (Part VIII, line 2g) .........	1,622,442	1,342,013
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,863,677	4,704,360
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,197,424	969,516
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	33,481,077	37,534,946
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,525,785	1,732,216
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	17,466,945	17,016,882
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	219,500	219,500
b	Total fundraising expenses (Part IX, column (D), line 25) 3,052,784
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	12,560,872	11,886,611
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	31,773,102	30,855,209
19	Revenue less expenses. Subtract line 18 from line 12.......	1,707,975	6,679,737
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	110,380,858	119,347,039
21	Total liabilities (Part X, line 26).............	21,009,254	20,495,704
22	Net assets or fund balances. Subtract line 21 from line 20.....	89,371,604	98,851,335

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2019)

Form 990 (2019)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: THE SOCIETY IS AN INTERNATIONAL NONPROFIT, NONPARTISAN ORGANIZATION WHICH CONNECTS PEOPLE AND INSTITUTIONS IN ASIA AND THE WORLD TO BUILD UNDERSTANDING, ADDRESS CHALLENGES AND MAXIMIZE OPPORTUNITIES.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 5,701,870 including grants of $ 500 ) (Revenue $ 152,827 )
	ART AND CULTURAL PROGRAMS DIVISION - THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES AND SYMPOSIA. FOR MORE INFORMATION, SEE SCHEDULE O.

4b	(Code: ) (Expenses $ 7,257,962 including grants of $ 35,400 ) (Revenue $ 283,350 )
	POLICY AND BUSINESS PROGRAM DIVISION - THE ASIA SOCIETY POLICY INSTITUTE IS THE PRINCIPLE INITIATIVE IN THE POLICY AND BUSINESS PROGRAMS DIVISION. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. FOR MORE INFORMATION, SEE SCHEDULE O.

4c	(Code: ) (Expenses $ 5,065,779 including grants of $ 1,255,366 ) (Revenue $ 834,150 )
	EDUCATION AND LEADERSHIP DIVISION - THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND YOUTH THEMSELVES TO CREATE A PIPELINE OF GLOBALLY COMPETENT YOUNG LEADERS WHO HAVE THE KNOWLEDGE AND SKILLS REQUIRED TO UNDERSTAND AND ACT ON GLOBAL ISSUES. IT DOES THIS BY ADVANCING TRANSFORMATIVE MODELS OF EDUCATION THAT PROMOTE GLOBAL COMPETENCY, FOSTERING GROWTH IN CHINESE LANGUAGE PROGRAMS AND CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE GLOBAL COMPETENCE AND HIGH ACHIEVEMENT. FOR MORE INFORMATION, SEE SCHEDULE O.

	(Code: ) (Expenses $ 1,267,877 including grants of $ ) (Revenue $ )
	COMMUNICATIONS DIVISION

	(Code: ) (Expenses $ 1,851,143 including grants of $ 440,950 ) (Revenue $ 71,686 )
	US CENTERS AND ASIAN ACTIVITIES

	(Code: ) (Expenses $ 1,318,043 including grants of $ ) (Revenue $ )
	AUXILIARY SERVICES

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 4,437,063 including grants of $ 440,950 ) (Revenue $ 71,686 )
4e	Total program service expenses22,462,674

Form 990 (2019)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III..

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

.........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

....

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III Click to see attachment

..............

Yes

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII Click to see attachment

......................

12a

Yes

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Yes

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV..... Click to see attachment

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I(see instructions) .... Click to see attachment

Yes

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

Yes

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

Yes

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

Yes

Form 990 (2019)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a............... Click to see attachment

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I....................... Click to see attachment

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II Click to see attachment

...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III Click to see attachment

.........................

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV...................... Click to see attachment

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV..... Click to see attachment

28b

A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ................. Click to see attachment

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ..

188

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2019)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

192

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

Yes

If "Yes," enter the name of the foreign country: MediumBullet

CH
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see instructions and file Form 4720, Schedule N.

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Form 990 (2019)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Yes

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

Yes

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

Yes

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed MediumBullet

AL , AK , AR , CA , CO , CT , DC , FL , GA , HI , IL , KS , KY , LA , ME , MD , MI , MN , MS , MO , NV , NH , NJ , NM , NY , NC , OH , OK , OR , PA , RI , SC , TN , UT , VA , WA , WV , WI

Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

Julia Nelson725 park avenue new york,NY10021 (212) 327-9416

Form 990 (2019)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) Chan Heng Chee...................................................................... CO-CHAIR- EFFECTIVE 11/2017	3.0 ................. 0.0	X	X	0	0	0
(2) Ronnie C Chan...................................................................... Co-Chair- END 11/2017, TRUSTEE	3.0 ................. 0.0	X	X	0	0	0
(3) Betsy Z Cohen...................................................................... Vice Chair & Secretary	1.0 ................. 0.0	X	X	0	0	0
(4) Henrietta H Fore...................................................................... Co-Chair- END 11/2017	3.0 ................. 0.0	X	X	0	0	0
(5) Lewis B Kaden...................................................................... Vice Chair	1.0 ................. 0.0	X	X	0	0	0
(6) Robert Niehaus...................................................................... Treasurer	1.0 ................. 0.0	X	X	0	0	0
(7) John L Thornton...................................................................... Co-Chair- EFFECTIVE 11/2017	3.0 ................. 0.0	X	X	0	0	0
(8) Lulu Wang...................................................................... Vice Chair	1.0 ................. 0.0	X	X	0	0	0
(9) Nicolas Aguzin...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0
(10) Turki al Faisal...................................................................... Trustee- Effective 11/2017	1.0 ................. 0.0	X		0	0	0
(11) Edward R Allen III...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0
(12) Isaac Applbaum...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0
(13) Francisco Aristeguieta...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0
(14) Mohit Assomull...................................................................... Trustee- Effective 3/2018	1.0 ................. 0.0	X		0	0	0
(15) Joseph Y Bae...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0
(16) Nicolas Berggruen...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0
(17) Hamid Biglari...................................................................... Trustee	1.0 ................. 0.0	X		0	0	0

Form 990 (2019)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) Stephen Bird........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(19) J Frank Brown........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(20) Michael S Chae........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(21) Albert Chao........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(22) Purnendu Chatterjee........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(23) Chen Guoqing........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(24) Duncan Clark........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(25) Henry Cornell........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(26) Beth Dozoretz........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(27) Richard Drobnick........................................................................ Trustee- Effective 11/2017	1.0 .......................0.0	X			0	0	0
(28) Anne B Ehrenkranz........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(29) J Michael Evans........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(30) Renee Fleming........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(31) John H Foster........................................................................ Trustee- 11/2017 thru 4/2018	1.0 .......................0.0	X			0	0	0
(32) Stephanie T Foster........................................................................ Trustee- END 11/2017	1.0 .......................0.0	X			0	0	0
(33) Jamshyd Godrej........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(34) Piyush Gupta........................................................................ TRUSTEE- END 11/2017	1.0 .......................0.0	X			0	0	0
(35) Toyoo Gyohten........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(36) Susan S Hakkarainen........................................................................ Trustee- Effective 11/2017	1.0 .......................0.0	X			0	0	0
(37) George G Hicks........................................................................ Trustee- Effective 3/2018	1.0 .......................0.0	X			0	0	0
(38) Doris Magsaysay Ho........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(39) Omar Ishrak........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(40) Mitchell R Julis........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(41) K S Sonny Kalsi........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(42) Adrian T Keller........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(43) Caroline Kennedy........................................................................ Trustee- Effective 11/2017	1.0 .......................0.0	X			0	0	0
(44) Mahmood J Khimji........................................................................ Trustee- Effective 11/2017	1.0 .......................0.0	X			0	0	0
(45) Willem Kooyker........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(46) Chong-Moon Lee........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(47) Lee Hong-Koo........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(48) Ido Leffler........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(49) Strive Masiyiwa........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(50) Harold McGraw III........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(51) Thomas E McLain........................................................................ TRUSTEE- END 11/2017	1.0 .......................0.0	X			0	0	0
(52) Asheet Mehta........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(53) David Nazarian........................................................................ Trustee- END 11/2017	1.0 .......................0.0	X			0	0	0
(54) John D Negroponte........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(55) Harold Newman........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(56) Thomas R Nides........................................................................ Trustee- END 5/2018	1.0 .......................0.0	X			0	0	0
(57) Gaoning Frank Ning........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(58) Indra K Nooyi........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(59) Richard Plepler........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(60) Charles Rockefeller........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(61) James E Rogers........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(62) Nicolas Rohatyn........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(63) Charlie Rose........................................................................ TRUSTEE- END 11/2017	1.0 .......................0.0	X			0	0	0
(64) Denise Saul........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(65) Stephen A Schwarzman........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(66) Neil Shen........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(67) DONG BIN SHIN........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(68) Warwick L Smith........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(69) Oscar L Tang........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(70) Anthony Walton........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(71) Kenneth Wilcox........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(72) Zhang Xin........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(73) James D Zirin........................................................................ Trustee- Effective 11/2017	1.0 .......................0.0	X			0	0	0
(74) Fernando Zobel de Ayala........................................................................ Trustee	1.0 .......................0.0	X			0	0	0
(75) Josette Sheeran........................................................................ President & CEO	40.0 .......................0.0	X	X		884,596	0	24,956
(76) Kevin Rudd........................................................................ President, ASPI	30.0 .......................0.0	X	X		875,302	0	46,951
(77) Thomas Nagorski........................................................................ Executive VP	40.0 .......................0.0		X		327,387	0	47,190
(78) Donald Nagle........................................................................ CFO & Senior VP	40.0 .......................0.0		X		248,344	0	35,578
(79) Anthony Jackson........................................................................ VP Educ. & Dir. Center	40.0 .......................0.0		X		228,351	0	47,142
(80) Christine Davies........................................................................ VP, Global Partnerships	40.0 .......................0.0		X		236,900	0	23,700
(81) Khushali Shah........................................................................ COO- END 4/2017	40.0 .......................0.0		X		67,759	0	10,134
(82) Boon Hui Tan........................................................................ VP for Global Arts, Cultural	40.0 .......................0.0		X		280,586	0	14,302
(83) Paula Hunker........................................................................ VP & COO	40.0 .......................0.0		X		95,971	0	15,091
(84) Bruce Pickering........................................................................ VP & SR ADVISOR- END 6/2018	40.0 .......................0.0		X		159,897	0	9,470
(85) Wendy Cutler........................................................................ VP Managing Director	40.0 .......................0.0			X	282,092	0	17,370
(86) Anne Godshall........................................................................ Chief Merchandising officer	40.0 .......................0.0			X	190,300	0	20,736
(87) Shayne Doty........................................................................ Managing Dir. of philanthropy	40.0 .......................0.0			X	238,613	0	21,784
(88) Orville Schell........................................................................ Arthur Ross Director	40.0 .......................0.0			X	305,510	0	46,951
(89) Jonathan Karp........................................................................ Executive Director	40.0 .......................0.0			X	171,153	0	10,053

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	4,592,761	0	391,408

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
RHODIUM GROUP LLC, 5 COLUMBUS CIRCLE NEW YORK,NY10019	CONSULTING	200,000
UNIVERSAL SERVICES OF AMERICA, PO BOX 828854 PHILADELPHIA,PA191828854	SECURITY SERVICES	184,258
COMMUNITY COUNSELLING SERVICE, PO BOX 824885 PHILADEPHIA,PA191824885	CONSULTING	160,000
25 BROADWAY BALLROOM LLC, 110 E 42ND STREET NEW YORK,NY10017	SERVICE PROVIDER	135,390
INSIGHT EXHIBITS LLC, 75 BRYANT TRAIL CARMEL,NY10509	SERVICE PROVIDER	122,655
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 5

Form 990 (2019)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a
b	Membership dues..		1b	1,351,072
c	Fundraising events..		1c	3,031,327
d	Related organizations		1d
e	Government grants (contributions)		1e	341,154

f	All other contributions, gifts, grants, and similar amounts not included above		1f	25,795,504

g	Noncash contributions included in lines 1a - 1f:$		1g	1,756,823

h Total. Add lines 1a-1f.......		30,519,057

		Business Code
2a	EDUCATION PROGRAM REVENUE	900099	841,272	841,272
b	PROGRAM ADMISSION FEES	900099	252,090	252,090
c	CO-SPONSOR FEE	900099	121,794	121,794
d	TOUR FEES	900099	91,200	91,200
e	GLOBAL POLICY & BUSINESS PROGRAMS	900099	29,457	29,457
f	All other program service revenue.		6,200	6,200
g	Total. Add lines 2a–2f .....		1,342,013

3 Investment income (including dividends, interest, and othersimilar amounts) ......			599,189			599,189
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			209,045			209,045
		(ii) Personal	(i) Real
6a	Gross rents		263,170	6a
b	Less: rental expenses		12,742	6b
c	Rental income or (loss)	0	250,428	6c
d	Net rental income or (loss).......			250,428			250,428
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		10,841,733	7a
b	Less: cost or other basis and sales expenses		6,736,562	7b
c	Gain or (loss)		4,105,171	7c
d	Net gain or (loss).........			4,105,171			4,105,171
8a	Gross income from fundraising events (not including $ 3,031,327of contributions reported on line 1c). See Part IV, line 18 ....
			8a	791,075
b	Less: direct expenses ...		8b	612,934
c	Net income or (loss) from fundraising events..			178,141			178,141
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	36,305
b	Less: direct expenses ...		9b	25,143
c	Net income or (loss) from gaming activities..			11,162			11,162
10a	Gross sales of inventory, less returns and allowances ..
			10a	570,665
b	Less: cost of goods sold ..		10b	248,963
c	Net income or (loss) from sales of inventory..			321,702			321,702
Business Code			Miscellaneous Revenue
11a	INCOME FROM INVST LPS-SCH O		525990	-962		-962
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			-962
12	Total revenue. See instructions.....			37,534,946	1,342,013	-962	5,674,838

Form 990 (2019)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	1,281,266	1,281,266
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	450,950	450,950
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	3,553,680	2,320,593	881,449	351,638
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0
7	Other salaries and wages........	10,762,944	7,830,982	1,740,384	1,191,578
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	418,416	305,634	71,737	41,045
9	Other employee benefits .......	1,294,607	1,003,849	127,673	163,085
10	Payroll taxes ...........	987,235	738,455	132,649	116,131
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	82,631	17,447	62,396	2,788
c	Accounting ...........	121,981		121,981
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	219,500			219,500
f	Investment management fees ......	373,420		373,420
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	3,039,548	2,452,062	397,551	189,935
12	Advertising and promotion ....	85,649	85,649
13	Office expenses .......	1,534,638	1,047,420	288,222	198,996
14	Information technology ......	273,532	31,454	175,057	67,021
15	Royalties ..	0
16	Occupancy ...........	969,768	747,241	163,867	58,660
17	Travel ............	1,789,006	1,463,246	104,894	220,866
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	273,689	240,836	29,321	3,532
20	Interest ...........	520,771	393,182	88,531	39,058
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	1,363,699	1,029,557	231,686	102,456
23	Insurance ...	214,319	64,569	149,584	166
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Printing & Publications	223,225	181,803	12,908	28,514
b	Equip Rental & Maint	398,858	233,068	131,995	33,795
c	Collection acquisition	301,606	301,606
d	Other Renov Costs	320,271	241,805	54,446	24,020
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	30,855,209	22,462,674	5,339,751	3,052,784
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2019)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			3,930,509	1	5,046,998
2	Savings and temporary cash investments .........			396,189	2	269,304
3	Pledges and grants receivable, net ......			13,781,838	3	16,985,079
4	Accounts receivable, net .............			347,900	4	270,750
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				61,033	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			115,938	8	118,850
9	Prepaid expenses and deferred charges ......			229,335	9	366,535
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	54,278,331
b	Less: accumulated depreciation	10b	33,275,778	21,556,816	10c	21,002,553
11	Investments—publicly traded securities .			39,382,263	11	39,623,923
12	Investments—other securities. See Part IV, line 11 .....			30,501,384	12	35,584,629
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			77,653	15	78,418
16	Total assets. Add lines 1 through 15 (must equal line 33)...			110,380,858	16	119,347,039

17	Accounts payable and accrued expenses .....	2,791,160	17	3,478,770
18	Grants payable ...	0	18	0
19	Deferred revenue .........	0	19	0
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	17,092,588	23	16,482,761
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	1,125,506	25	534,173
26	Total liabilities. Add lines 17 through 25..	21,009,254	26	20,495,704

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	89,371,604	32	98,851,335
33	Total liabilities and net assets/fund balances ........	110,380,858	33	119,347,039

Form 990 (2019)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

37,534,946

Total expenses (must equal Part IX, column (A), line 25) ............

30,855,209

Revenue less expenses. Subtract line 2 from line 1 ..............

6,679,737

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

89,371,604

Net unrealized gains (losses) on investments ...............

2,207,699

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

592,295

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

98,851,335

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2019)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2019

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	29,307,075	22,443,429	24,447,612	28,797,534	30,519,057	135,514,707
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	29,307,075	22,443,429	24,447,612	28,797,534	30,519,057	135,514,707
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						20,815,283
6	Public support. Subtract line 5 from line 4.						114,699,424

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
7	Amounts from line 4..	29,307,075	22,443,429	24,447,612	28,797,534	30,519,057	135,514,707
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	1,562,322	1,544,822	1,528,821	1,252,521	1,071,404	6,959,890
9	Net income from unrelated business activities, whether or not the business is regularly carried on..						0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..						0
11	Total support. Add lines 7 through 10						142,474,597

Gross receipts from related activities, etc. (see instructions) ..................

15,795,715

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 6, column (f) divided by line 11, column (f)) .........

80.505 %

Public support percentage for 2018 Schedule A, Part II, line 14 ...............

81.712 %

16a

33 1/3% support test—2019. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2018. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2018 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2019 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2018 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2019

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2019

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2019

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2019 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2019	(iii) Distributable Amount for 2019
1 Distributable amount for 2019 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2019:
a From 2014.......
b From 2015.......
c From 2016.......
d From 2017.......
e From 2018.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2019 distributable amount
i Carryover from 2014 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2019 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2019 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2020. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2015.....
b Excess from 2016.....
c Excess from 2017.....
d Excess from 2018.....
e Excess from 2019.....

Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2

Name of organization THE ASIA SOCIETY

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 3

Name of organization THE ASIA SOCIETY		Employer identification number 13-3234632

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 4


Name of organization THE ASIA SOCIETY			Employer identification number 13-3234632
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	63,717,346	55,806,396	61,075,888	63,253,013	55,706,984
b	Contributions ...	3,571,506	1,550,000	2,090,000	90,000	219,611
c	Net investment earnings, gains, and losses	6,118,894	10,105,612	-3,804,632	1,160,031	10,718,809
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	3,555,995	3,744,662	3,554,860	3,427,156	3,392,391
f	Administrative expenses ....
g	End of year balance ......	69,851,751	63,717,346	55,806,396	61,075,888	63,253,013

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

1.920 %

Permanent endowment SchDMd Bullet

85.450 %

Term endowment SchDMd Bullet

12.630 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	2,032,010		2,032,010
b	Buildings ....	39,113,478	20,953,121	18,160,357
c	Leasehold improvements
d	Equipment ....	13,132,843	12,322,657	810,186
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				21,002,553

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) LONG/SHORT HEDGE FUNDS	8,491,459	F
(B) ABSOLUTE RETURN HEDGE FUNDS	18,812,730	F
(C) OTHER FUNDS OF FUNDS	228,563	F
(D) EMERGING MARKET SECURITIES	5,285,957	F
(E) PRIVATE EQUITY	2,765,920	F
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	35,584,629

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	534,173
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2019

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	40,045,084
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	2,207,699
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	591,333
e	Add lines 2a through 2d .....................			2e	2,799,032
3	Subtract line 2e from line 1..................			3	37,246,052
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	373,420
b	Other (Describe in Part XIII.) ...........	4b	-84,526
c	Add lines 4a and 4b....................			4c	288,894
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	37,534,946

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	30,565,353
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	83,564
e	Add lines 2a through 2d....................			2e	83,564
3	Subtract line 2e from line 1...................			3	30,481,789
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	373,420
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	373,420
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	30,855,209

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
Form 990, Schedule D, Part III, Line 1a	COLLECTION ITEMS THE ASIA SOCIETY MUSEUM COLLECTION IS NOTED FOR ITS MASTERPIECE-QUALITY OBJECTS AND THE SCHOLARLY IMPORT AWARDED TO THESE PIECES OF TRADITIONAL AND CONTEMPORARY ART. THE COLLECTION INCLUDES THE ROCKEFELLER COLLECTION, WHICH IS PAN-ASIAN AND INCLUDES APPROXIMATELY 300 OBJECTS, RANGING IN DATE FROM THE SECOND MILLENNIUM B.C.E. TO THE 18TH CENTURY, FROM SUCH DIVERSE NATIONS AS INDIA, PAKISTAN, BANGLADESH, NEPAL, MYANMAR, THAILAND, CAMBODIA, VIETNAM, INDONESIA, CHINA, KOREA, AND JAPAN. IT ALSO INCLUDES A LARGE NUMBER OF BRONZE SCULPTURES AND CERAMICS, AS WELL AS PAINTINGS, WOODEN SCULPTURES, AND OTHER DECORATIVE ARTS. MOST OF THE ROCKEFELLER COLLECTION WAS DONATED TO THE SOCIETY IN 1979. ADDITIONS SINCE THAT TIME CONSIST OF DONATIONS FROM THE ESTATE OF MRS. BLANCHETTE ROCKEFELLER, A FEW NOTABLE WORKS FROM OTHER DONORS AND MORE RECENTLY A COLLECTION OF CONTEMPORARY ART FOCUSED ON VIDEO ART AND PHOTOGRAPHY. IN ADDITION TO FREQUENT DISPLAYS IN THE EXHIBITION GALLERIES AT THE SOCIETY, SELECTED WORKS FROM THE COLLECTION ARE ALSO SHOWN AS PART OF SPECIAL EXHIBITIONS EITHER AT THE SOCIETY OR IN MUSEUMS THROUGHOUT THE WORLD. WHEN NOT ON DISPLAY AT THE SOCIETY OR ON LOAN TO MUSEUMS FOR TEMPORARY EXHIBITIONS, THE OBJECTS ARE MAINTAINED IN CLIMATE-CONTROLLED STORAGE. THE SOCIETY MAINTAINS POLICIES AND PROCEDURES ADDRESSING THE ROCKEFELLER COLLECTION'S UPKEEP AS WELL AS OTHER ASPECTS OF ITS MANAGEMENT, INCLUDING ACCESSION/DEACCESSION POLICIES. THE SOCIETY HAS ADOPTED THE POLICY OF NOT CAPITALIZING ITS COLLECTION. DURING 2018, ART WAS ACQUIRED WITH DONOR-RESTRICTED FUNDS AT A COST OF $305,606. DURING 2017, NO ART WAS ACQUIRED WITH DONOR-RESTRICTED FUNDS. THIS EXPENDITURE WAS INCLUDED IN CULTURAL PROGRAMS EXPENSES IN THE STATEMENT OF ACTIVITIES.
Form 990, Schedule D, Part III, Line 4	ASIA SOCIETY'S COLLECTION FURTHERS THE EXEMPT PURPOSE OF THE ORGANIZATION BY PRESERVING ASIAN ART WORK FOR PUBLIC VIEWING AND IS USED IN EDUCATIONAL EXHIBITIONS AND PUBLICATIONS.
Form 990, Schedule D, Part V	THE PURPOSE OF THE ASIA SOCIETY'S ENDOWMENT FUNDS IS TO SUPPORT ITS OPERATING AND CAPITAL NEEDS INCLUDING SUPPORT OF THE SOCIETY'S PROGRAMS, BUILDINGS AND MAINTENANCE OF ITS ART COLLECTION.
Form 990, Schedule D, Part X	THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME ACTIVITIES. IN ADDITION, THE SOCIETY IS TAX EXEMPT FROM STATE AND LOCAL INCOME TAX FOR RELATED ACTIVITIES, PROPERTY TAXES, AND SALES TAX. DURING THE YEARS ENDED JUNE 30, 2018 AND 2017, THE SOCIETY WAS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES. THE SOCIETY HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND IT WILL CONTINUE TO BE EXEMPT FROM TAXES.
FORM 990, SCH D, PART XI, LINE 2D	CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 591,333
Form 990, Schedule D, Part XI, Line 4b	RECLASS OF COGS (248,963) RECLASS OF SPECIAL EVENT EXPENSES 178,141 RECLASS OF RENTAL EXPENSES (12,742) INCOME FROM INVESTMENT IN LIMITED PARTNERSHIPS (962) ----------- TOTAL $(84,526)
Form 990, Schedule D, Part XII, Line 2d	RECLASS OF COGS 248,963 RECLASS OF SPECIAL EVENT EXPENSES (178,141) RECLASS OF RENTAL EXPENSES 12,742 ----------- TOTAL $ 83,564

Schedule D (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization
THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	East Asia and the Pacific	1	Program Services	Consulting	92,475
	East Asia and the Pacific		Program Services	Conference	248,063
	Europe (Including Iceland and Greenland)		Program Services	Conference	9,246
	East Asia and the Pacific		Grantmaking		450,950
	Central America and the Caribbean		Investments		19,550,580
	Europe (Including Iceland and Greenland)		Investments		2,409,144











3a	Sub-total ....	1			22,760,458
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	1			22,760,458

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2019

Schedule F (Form 990) 2019

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
East Asia and the Pacific	SUPPORT-PT V	353,742	WIRETRANSFER
East Asia and the Pacific	SUPPORT-PT V	87,208	WIRETRANSFER

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	2
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2019

Schedule F (Form 990) 2019Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2019

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2019

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
Form 990, SCHEDULE F, Part I, Line 2	MONITORING THE USE OF GRANTS OUTSIDE THE UNITED STATES INTERNATIONAL GRANTS WERE MADE TO THE ASIA SOCIETY AFFILIATE IN HONG KONG AND JAPAN. THE USE OF THESE GRANTS IS MONITORED THROUGH MONTHLY CONFERENCE CALLS AND QUARTERLY FINANCIAL REPORTING.
Form 990, SCHEDULE F, Part I, Line 3, Column (d)	ACTIVITIES CONDUCTED IN REGION ACTIVITIES CONDUCTED IN EAST ASIA AND THE PACIFIC REGION INCLUDE SEVEN MEETINGS AND CONFERENCES: ASIA 21 YOUNG LEADERS SUMMIT, ART & MUSEUM SUMMIT, ASPI COUNCIL MEETING, CARBON PRICING IN JAPAN AND REGIONAL COOPERATION PROSPECTS, U.S - KOREA ECONOMIC AGENDA, INTERNATIONAL CONFERENCE ON PARIS AGREEMENT AND NEACM, AND TRADE FORUM GROUP DINNER. ONE CONFERENCE CONDUCTED IN EUROPE: LAEKEN DIALOGUE.
FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F)	ASIA SOCIETY REPORTS EXPENDITURES ON THE ACCRUAL BASIS.
Form 990, SCHEDULE F, Part II, Line 1, Col(d)	PURPOSE OF GRANT THE PURPOSE OF THE INTERNATIONAL GRANTS MADE IN FY18 WAS TO SUPPORT THE ASIA SOCIETY HONG KONG AND JAPAN CENTER.

Schedule F (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization
THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)		(ii) Activity	(iii) Did fundraiser have custody or control of contributions?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
			Yes	No
	COMMUNITY COUNSELLING SERVICE LLC	CONSULTING		No	0	192,000	-192,000
	JKS EVENTS INC	CONSULTING		No	1,941,000	61,056	1,879,944








Total . . . . . . . . . . . . . . . . . . . .					1,941,000	253,056	1,687,944

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

AL, AK, AR, CA, CO, CT, FL, GA, HI, IL, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WI

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2019

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 ANNUAL DINNER (event type)	(b) Event #2 N. CALI DINNER (event type)	(c) Other events 3 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	1,941,000	986,473	894,929	3,822,402
2	Less: Contributions . . . .	1,568,550	791,483	671,294	3,031,327
3	Gross income (line 1 minus line 2) . . . . . .	372,450	194,990	223,635	791,075

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .
7	Food and beverages . . .	135,390	89,871	102,016	327,277
8	Entertainment . . . .
9	Other direct expenses . . .	149,342	59,548	76,767	285,657
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				612,934
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				178,141

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .			36,305	36,305

2	Cash prizes . . . . .
3	Noncash prizes . . . .	24,800	24,800
4	Rent/facility costs . . . .
5	Other direct expenses . . .	343	343

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

25,143

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

11,162

Enter the state(s) in which the organization conducts gaming activities: CA , NY

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2019

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

100.000 %

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Donald Nagle

Address

725 Park Avenue New York, NY10021

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Donald Nagle

Gaming manager compensation right arrow

Description of services provided right arrow

Managing

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

Return Reference	Explanation
Schedule G, Part I, Line 2b	Highest Paid Fundraiser Name Address Community Counselling P.O. BOX 824885 Service, LLC PHILADELPHIA, PA 19182-4885 JKS EVENTS, INC 27 UNION SQUARE WEST, SUITE 200 NEW YORK, NY 10003

Schedule G (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

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Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
THE ASIA SOCIETY

Employer identification number
13-3234632

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) ALEXANDER DAWSON SCHOOL 10845 W DESERT INN RD LAS VEGAS,NV89135	94-3382725		12,500	LANGUAGE TEACHING Support-Part
(2) ANDERSON HIGH SCHOOL 8403 MESA DRIVE AUSTIN,TX78759	74-6000064	AUSTIN	13,000	LANGUAGE TEACHING
(3) ANDOVER PUBLIC SCHOOLS - WOOD HILL MIDDLE SCHOOL 36 BARTLET ST ANDOVER,MA01810	04-6001069		11,725	LANGUAGE TEACHING
(4) AMBASSADOR SCHOOL OF GLOBAL ED 3201 WEST 8TH ST LOS ANGELES,CA90005	95-6001908		12,000	LANGUAGE TEACHING
(5) BERGENFIELD BOARD OF EDUCATION 225 W CLINTON AVE BERGENFIELD,NJ07621	22-6001651	BERGENFIELD	11,000	LANGUAGE TEACHING
(6) CENTRAL HIGH SCHOOL 1700 W OLNEY AVE PHILADELPHIA,PA19141	23-6004102		12,000	LANGUAGE TEACHING
(7) BEACON HILL INT'L SCHOOL- SEATTLE SCHOOL DISTRICT PO BOX 34165 M5 SEATTLE,WA981241165	91-6001541		12,800	LANGUAGE TEACHING
(8) BOSTON RENAISSANCE CHARTER PUBLIC SCHOOL INC 1415 HYDE PARK AVENUE HYDE PARK,MA02136	04-3241054	501 (C) (3)	25,000	LANGUAGE TEACHING
(9) BOOKER T WASHINGTON HS GIFTS AND ENDOW 1514 E ZION AVE TULSA,OK74106	73-6021242	TULSA	12,800	LANGUAGE TEACHING
(10) BROOKLYN CITY SCHOOL DISTRICT 9200 BIDDULPH ROAD BROOKLYN,OH44144	34-6000346	OH	14,150	LANGUAGE TEACHING
(11) CATALINA FOOTHILLS UNITED SCHOOL DISTRICT #16 2101 E RIVER ROAD TUCSON,AZ85718	86-0206026	TUCSON	13,000	LANGUAGE TEACHING
(12) CEDAR RAPIDS COMMUNITY SCHOOLS 2500 EDGEWOOD RD NW CEDAR RAPIDS,IA52405	42-6023551		11,000	LANGUAGE TEACHING
(13) CENTER FOR GLOBAL STUDIES (CGS-BMHS) 300 HIGHLAND AVE NORWALK,CT06854	06-6011881		13,800	LANGUAGE TEACHING
(14) CHAGRIN FALLS SCHOOLS 400 E WASHINGTON ST CHAGRIN FALLS,OH44022	34-6000575	CHAGRIN FALLS	12,000	LANGUAGE TEACHING
(15) CHARLOTTE COUNTY PUBLIC SCHOOLS 1445 EDUCATION WAY PORT CHARLOTTE,FL33948	59-6000539	PORT CHARLOTTE	13,000	LANGUAGE TEACHING
(16) CLARK COUNTY SCHOOL DISTRICT 5100 WEST SAHARA AVE LAS VEGAS,NV89146	88-6000030	CCSD	12,000	LANGUAGE TEACHING
(17) COLUMBUS SCHOOL FOR GIRLS 65 S DREXEL AVE COLUMBUS,OH43209	31-4379452	501 (C) (3)	12,000	LANGUAGE TEACHING
(18) COLLEGIATE SCHOOL 103 NORTH MOORELAND RD RICHMOND,VA23229	54-0528203	501 (C) (3)	12,000	LANGUAGE TEACHING
(19) CREATIVE MINDS INT'L PUBLIC CHARTER SCHOOL 3700 N CAPITAL ST NW WASHINGTON,DC20011	27-5208674		12,000	LANGUAGE TEACHING
(20) DEARBORN PARK INT'L SCHOOL 2820 S ORCAS ST SEATTLE,WA98108	91-6001541		12,000	LANGUAGE TEACHING
(21) ENGLEWOOD PUBLIC SCHOOLS - DONALD QUARLES EARLY CH 274 KNICKERBOCKER ROAD ENGLEWOOD,NJ07631	22-6001789		14,000	LANGUAGE TEACHING
(22) EAST-WEST SCHOOL OF INTERNATIONAL STUDIES 46-21 COLDEN STREET 4FL FLUSHING,NY11355	13-6400434	NYC DOE	12,000	LANGUAGE TEACHING
(23) FAYETTE COUNTY PUBLIC SCHOOLS 1126 RUSSELL CAVE RD LEXINGTON,KY40505	61-6001059	LEXINGTON	25,000	LANGUAGE TEACHING
(24) FOREST HILLS PUBLIC SCHOOLS 6590 CASCADE ROAD SE GRAND RAPIDS,MI49546	38-6026843	FHSD	12,000	LANGUAGE TEACHING
(25) GAHANNA-JEFFERSON SCHOOL DISTRICT 160 SOUTH HAMILTON ROAD GAHANNA,OH43230	31-6400607	OH	12,000	LANGUAGE TEACHING
(26) GEORGE MASON HIGH SCHOOL 7124 LEESBERG PIKE FALLS CHURCH,VA22043	54-6000332	FALLS CHURCH	14,000	LANGUAGE TEACHING
(27) GLASTONBURY PUBLIC SCHOOLS 628 HEBRON AVE GLASTONBURY,CT06033	06-6001616	GLASTONBURY	14,635	LANGUAGE TEACHING
(28) GLOBAL VILLAGE CHARTER COLLABORATIVE 555 W112TH AVE NORTHGLENN,CO80234	45-2635465	501 (C) (3)	45,000	LANGUAGE TEACHING
(29) GREENWICH HIGH SCHOOL 290 GREENWICH AVENUE GREENWICH,CT06830	06-6002006		12,000	LANGUAGE TEACHING
(30) HALF HOLLOW HILLS CENTRAL SCHOOL DISTRICT OF 525 HALF HOLLOW RD DIX HILLS,NY11746	11-6002971		12,000	LANGUAGE TEACHING
(31) HERITAGE HALL 1800 NW 122ND ST OKLAHOMA CITY,OK73120	73-0783395	501 (C) (3)	13,000	LANGUAGE TEACHING
(32) HERRICKS PUBLIC SCHOOLS 999 B HERRICKS ROAD NEW HYDE PARK,NY11040	11-6003159	HUFSD	12,000	LANGUAGE TEACHING
(33) HOUSTON ACADEMY FOR INT'L STUDIES 4400 WEST 18TH ST HOUSTON,TX77092	74-6001255	HISD	19,808	LANGUAGE TEACHING
(34) HUNTLEY COMMUNITY SCHOOL DISTRICT 158 650 ACADEMIC DRIVE ALGONQUIN,IL60102	36-6005127		12,500	LANGUAGE TEACHING
(35) INTERNATIONAL SCHOOL OF TUCSON 1701 ESENECA TUCSON,AZ85719	20-8882700	501 (C) (3)	13,660	LANGUAGE TEACHING
(36) INTERNATIONAL HIGH SCHOOL AT SHARPSTOWN 8330 TRIOLA LANE HOUSTON,TX77036	74-6001255	HISD	31,700	LANGUAGE TEACHING
(37) JERICHO PUBLIC SCHOOLS 99 CEDAR SWAMP ROAD JERICHO,NY11753	11-6002037	JERICHO UFSD	12,000	LANGUAGE TEACHING
(38) JONAS CLARKE MIDDLE SCHOOL 1625 MASSACHUSETTS AVE LEXINGTON,MA02420	04-6001200	LEXINGTON	13,000	LANGUAGE TEACHING
(39) KETTLE MORAIN HIGH SCHOOL 349 N OAK CREST DR WALES,WI53183	39-1024329		11,870	LANGUAGE TEACHING
(40) KOLTER ELEMENTARY SCHOOL 440 W 18TH STREET HOUSTON,TX77902	74-6001255		22,770	LANGUAGE TEACHING
(41) LAKE FOREST HIGH SCHOOL DISTRICT 67 & 115 300 S WAUKEGAN RD LAKE FOREST,IL60045	36-6004894	LAKE FOREST	25,000	LANGUAGE TEACHING
(42) LAWRENCE TOWNSHIP PUBLIC SCHOOLS 2565 PRINCETON PIKE LAWRENCEVILLE,NJ08648	21-6000225	LAWRENCEVILLE	13,000	LANGUAGE TEACHING
(43) LITTLE RED SCHOOL HOUSE & ELISABETH IRWIN HIGH SCH 40 CHARLTON STREET NEW YORK,NY10014	13-5562268	501 (C) (3)	12,000	LANGUAGE TEACHING
(44) LOUISVILLE COLLEGIATE SCHOOL 2427 GLENMARY AVE LOUISVILLE,KY40204	61-0449630	501 (C) (3)	12,500	LANGUAGE TEACHING
(45) MASSAPEQUA SCHOOL DISTRICT 4925 MERRICK RD MASSAPEQUA,NY11758	11-6003415	MASSAPEQUA UFSD	12,000	LANGUAGE TEACHING
(46) MONONGALIA COUNTY SCHOOLS - NORTH ELEMENTARY SCHOO 13 SOUTH HIGH STREET MORGANTOWN,WV26501	55-6000366		12,000	LANGUAGE TEACHING
(47) NEWTOWN HIGH SCHOOL 12 BERKSHIRE RD NEWTOWN,CT06482	06-6001643	SANDY HOOK	11,976	LANGUAGE TEACHING
(48) NICHOLS SCHOOL 1250 AMHERST ST BUFFALO,NY14216	16-0755808	501 (C) (3)	12,200	LANGUAGE TEACHING
(49) NORTH EAST INDEPENDENT SCHOOL DISTRICT 1400 JACKSON KELLER RD SAN ANTONIO,TX78213	74-6015301		12,000	LANGUAGE TEACHING
(50) ONEIDA-HERKIMER-MADISON BOCES 502 COURT ST UTICA,NY13502	15-6002310	OHM BOCES	13,000	LANGUAGE TEACHING
(51) OCONOMOWOC AREA SCHOOL DISTRICT W360 N7077 BROWN ST OCONOMOWOC,WI53066	39-6003743	OASD	25,000	LANGUAGE TEACHING
(52) OXFORD COMMUNITY SCHOOLS GENERAL FUND 10 N WASHINGTON ST OXFORD,MI48371	38-6003081		25,000	LANGUAGE TEACHING
(53) OXFORD HILLS COMPREHENSIVE HIGH SCHOOL 232 MAIN ST SOUTH PARIS,ME04281	01-6006629	MSAD	11,450	LANGUAGE TEACHING
(54) PEDDIE SCHOOL 201 SOUTH MAIN STREET HIGHTSTOWN,NJ08520	21-0634492	501 (C) (3)	12,000	LANGUAGE TEACHING
(55) PENINSULA SCHOOL DISTRICT 14015 62ND AVE NW GIG HARBOR,WA98332	91-0854211	WA	10,030	LANGUAGE TEACHING
(56) PISCATAWAY BOARD OF EDUCATION 1515 STELTON RD PISCATAWAY,NJ08854	22-6002217	PISCATAWAY BOE	11,950	LANGUAGE TEACHING
(57) PLAINVIEW-OLD BETHPAGE CENTRAL SCHOOL DISTRICT 106 WASHINGTON AVE PLAINVIEW,NY11803	11-6001737	POBCSD	13,000	LANGUAGE TEACHING
(58) PRINCETON PUBLIC SCHOOLS 25 VALLEY ROAD PRINCETON,NJ08540	22-1817947	PRINCETON	12,000	LANGUAGE TEACHING
(59) PVCI CHARTER SCHOOL 317 RUSSELL STREET HADLEY,MA01035	33-1156447	501 (C) (3)	27,750	LANGUAGE TEACHING
(60) REDDING SCHOOL OF THE ARTS 955 INAPIRATION PLACE REDDING,CA96003	75-3088185	501 (C) (3)	13,100	LANGUAGE TEACHING
(61) RENAISSANCE ACADEMY 3435 NORTH 1120 EAST LEHI,UT84043	20-3365730	501 (C) (3)	13,100	LANGUAGE TEACHING
(62) RESA 7 1201 N 15TH STREET CLARKSBURG,WV26301	90-0218812		12,900	LANGUAGE TEACHING
(63) ROEPER SCHOOL 41190 WOODWARD AVE BLOOMFIELD HILLS,MI48304	38-1561062	501 (C) (3)	6,150	LANGUAGE TEACHING
(64) SALT LAKE EDUCATION FOUNDATION 440 EAST 100 SOUTH SALT LAKE CITY,UT84111	74-2563849	501 (C) (3)	12,000	LANGUAGE TEACHING
(65) SEMILLAS SOCIEDAD CIVIL 824 ROME DRIVE LOS ANGELES,CA90065	95-4795129	501 (C) (3)	14,100	LANGUAGE TEACHING
(66) SEWICKLEY ACADEMY 315 ACADEMY AVE SEWICKLEY,PA15143	25-0965558	501 (C) (3)	12,000	LANGUAGE TEACHING
(67) SCHOOL BOARD OF PINELLAS COUNTY 301 4TH ST SW LARGO,FL33770	59-6000799		12,300	LANGUAGE TEACHING
(68) SCHOOL DISTRICT OF JANESVILLE 527 S FRANKLIN ST JANESVILLE,WI53548	39-6002726	JSD	25,000	LANGUAGE TEACHING
(69) SIMSBURY PUBLIC SCHOOLS 933 HOPMEADOW ST SIMSBURY,CT06070	06-6001665	SIMBURY	12,000	LANGUAGE TEACHING
(70) SUFFERN CENTRAL SCHOOL DISTRICT 45 MOUNTAIN AVENUE HILLBURN,NY10931	13-6007168		12,000	LANGUAGE TEACHING
(71) SUNSET RIDGE ELEMENTARY ACADEMY 1110 MAIN ST EAST HARTFORD,CT06108	06-6001609	EAST HARTFORD	12,000	LANGUAGE TEACHING
(72) SYRACUSE JUNIOR HIGH SCHOOL 1450 SOUTH 2000 WEST SYRACUSE,UT84075	87-6000487		12,992	LANGUAGE TEACHING
(73) TALLWOOD HIGH SCHOOL 1668 KEMPSVILLE Rd VIRGINIA BEACH,VA23464	54-0722075	VIRGINIA	12,000	LANGUAGE TEACHING
(74) THE HILL SCHOOL 717 EAST HIGH ST POTTSTOWN,PA19464	23-1352647	501 (C) (3)	12,900	LANGUAGE TEACHING
(75) THE PINGRY SCHOOL 131 MARTINSVILLE Rd BASKING RIDGE,NJ07920	22-1493168	501 (C) (3)	14,500	LANGUAGE TEACHING
(76) THE SCHOOL DISTRICT OF PHILADELPHIA 440 NBROAD STREET PHILADELPHIA,PA19130	23-6004102	PPSD	10,000	LANGUAGE TEACHING
(77) TUCSON UNIFIED SCHOOL DISTRICT 2025 EWINSETT STLIRC BLDGLANG TUCSON,AZ85719	86-6000551	TUSD	12,000	LANGUAGE TEACHING
(78) TYEE MIDDLE SCHOOL 12111 NE 1ST STREET BELLEVUE,WA98005	91-6001637	BELLEVUE	24,300	LANGUAGE TEACHING
(79) UNION COUNTY PUBLIC SCHOOLS 400 NORTH CHURCH ST MONROE,NC28112	56-6001123	MONROE	47,610	LANGUAGE TEACHING
(80) WASHINGTON INTERNATIONAL SCHOOL 3100 MACOMB STREET NW WASHINGTON,DC20008	52-0822077	501 (C) (3)	12,500	LANGUAGE TEACHING
(81) WARDLAW-HARTRIDGE SCHOOL 1295 INMAN AVE EDISON,NJ08820	22-2109610	501 (C) (3)	12,000	LANGUAGE TEACHING
(82) WEST HARTFORD PUBLIC SCHOOLS 50 SOUTH SLOPE DRIVE BERLIN,CT06037	06-6002124	WHPSD	12,000	LANGUAGE TEACHING
(83) WEST ORANGE PUBLIC SCHOOLS 179 EAGLE ROCK AVENUE WEST ORANGE,NJ07052	22-6002398	WEST ORANGE	10,200	LANGUAGE TEACHING
(84) WINTON WOODS CITY SCHOOLS 1215 W KEMPER ROAD CINCINNATI,OH45240	31-6000809		10,000	LANGUAGE TEACHING
(85) WSWHE BOCES 1153 BURGOYNE AVESUITE 2 FORT EDWARD,NY12828	14-1760521	WSWHE BOCES	14,500	LANGUAGE TEACHING
(86) UC SAN DIEGO FOUNDATION 9500 GILMAN DRIVE 0940 LA JOLLA,CA92093	95-2872494		25,000	TASK FORCE
(87) UNIVERSITY SCHOOL OF MILWAUKEE 2100 W FAIRY CHASM RD MILAUKEE,WI53217	39-6076442	501 (C) (3)	13,000	LANGUAGE TEACHING
(88) YSLETA INDEPENDENT SCHOOL DISTRICT 9600 SIMS DRIVE EL PASO,TX79925	74-6002473	YISD	13,340	LANGUAGE TEACHING
(89) EDWARD BLEEKER JHS 185 147-26 25TH DRIVE FLUSHING,NY11354	69-0210637		12,000	LANGUAGE TEACHING

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2019

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference	Explanation
Form 990, SCHEDULE I, Part I, Line 2	MONITORING THE USE OF GRANTS IN THE UNITED STATES. ASIA SOCIETY HAS AN ONGOING MULTI-YEAR RELATIONSHIP WITH OUR GRANT RECIPIENTS AND MONITORS THEIR WORK AND GRANT FUND USAGE THROUGH THIS RELATIONSHIP. ASIA SOCIETY RECEIVES REPORTS FROM GRANTEES (USUALLY ANNUALLY), PER PROVIDED GUIDELINES, ON WORK COMPLETED AND EXPENSES INCURRED DURING THE PERIOD AT THE ACCOUNT LEVEL.

Schedule I (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2019

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Josette Sheeran President & CEO	(i) (ii)	606,200 ------------- 0	200,000 ------------- 0	78,396 ------------- 0	13,500 ------------- 0	11,456 ------------- 0	909,552 ------------- 0	0 ------------- 0
2Kevin Rudd President, ASPI	(i) (ii)	664,906 ------------- 0	0 ------------- 0	210,396 ------------- 0	13,500 ------------- 0	33,451 ------------- 0	922,253 ------------- 0	0 ------------- 0
3Thomas Nagorski Executive VP	(i) (ii)	327,129 ------------- 0	0 ------------- 0	258 ------------- 0	13,500 ------------- 0	33,690 ------------- 0	374,577 ------------- 0	0 ------------- 0
4Donald Nagle CFO & Senior VP	(i) (ii)	247,948 ------------- 0	0 ------------- 0	396 ------------- 0	12,756 ------------- 0	22,822 ------------- 0	283,922 ------------- 0	0 ------------- 0
5Anthony Jackson VP Educ. & Dir. Center	(i) (ii)	227,955 ------------- 0	0 ------------- 0	396 ------------- 0	11,736 ------------- 0	35,406 ------------- 0	275,493 ------------- 0	0 ------------- 0
6Christine Davies VP, Global Partnerships	(i) (ii)	236,900 ------------- 0	0 ------------- 0	0 ------------- 0	12,006 ------------- 0	11,694 ------------- 0	260,600 ------------- 0	0 ------------- 0
7Boon Hui Tan VP for Global Arts, Cultural	(i) (ii)	280,496 ------------- 0	0 ------------- 0	90 ------------- 0	1,442 ------------- 0	12,860 ------------- 0	294,888 ------------- 0	0 ------------- 0
8Bruce Pickering VP & SR ADVISOR- END 6/2018	(i) (ii)	159,501 ------------- 0	0 ------------- 0	396 ------------- 0	7,925 ------------- 0	1,545 ------------- 0	169,367 ------------- 0	0 ------------- 0
9Wendy Cutler VP Managing Director	(i) (ii)	281,696 ------------- 0	0 ------------- 0	396 ------------- 0	13,500 ------------- 0	3,870 ------------- 0	299,462 ------------- 0	0 ------------- 0
10Anne Godshall Chief Merchandising officer	(i) (ii)	190,042 ------------- 0	0 ------------- 0	258 ------------- 0	9,606 ------------- 0	11,130 ------------- 0	211,036 ------------- 0	0 ------------- 0
11Shayne Doty Managing Dir. of philanthropy	(i) (ii)	238,355 ------------- 0	0 ------------- 0	258 ------------- 0	12,006 ------------- 0	9,778 ------------- 0	260,397 ------------- 0	0 ------------- 0
12Orville Schell Arthur Ross Director	(i) (ii)	304,274 ------------- 0	0 ------------- 0	1,236 ------------- 0	13,500 ------------- 0	33,451 ------------- 0	352,461 ------------- 0	0 ------------- 0
13Jonathan Karp Executive Director	(i) (ii)	171,153 ------------- 0	0 ------------- 0	0 ------------- 0	8,508 ------------- 0	1,545 ------------- 0	181,206 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2019

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

FORM 990, SCHEDULE J, PART I, LINE 1a

FIRST-CLASS OR CHARTER TRAVEL: IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT, FIRST CLASS TRAVEL IS PROVIDED FOR THE PRESIDENT OF THE ASIA SOCIETY POLICY INSTITUTE (ASPI). THIS IS NOT TREATED AS TAXABLE COMPENSATION. Form 990, Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSON USE: THE PRESIDENT AND CEO, AND PRESIDENT-ASPI ARE PROVIDED A HOUSING ALLOWANCE. THIS IS TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THEIR FORM W-2.

FORM 990, SCHEDULE J, PART I, LINE 7

THE PRESIDENT'S BONUS IS REVIEWED BY THE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD. IT IS BASED ON ACHIEVING A SET OF INSTITUTIONAL GOALS WHICH ARE ESTABLISHED BY THE COMPENSATION COMMITTEE AND BOARD AT THE BEGINNING OF THE YEAR. CERTAIN OFFICERS ARE ELIGIBLE FOR A PERFORMANCE BONUS BASED ON ACHIEVEMENTS OF PRE-ESTABLISHED GOALS. THE RANGE OF THE BONUS IS UP TO 10% OF ANNUAL SALARY. ACTUAL BONUSES ARE RECOMMENDED BY THE PRESIDENT AND CEO AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. BONUSES PAID DURING THE CALENDAR YEAR ARE REPORTING ON SCHEDULE J, PART II, COLUMN (B)(II).

Schedule J (Form 990) 2019

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Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
THE ASIA SOCIETY

Employer identification number
13-3234632

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	BUILD NYC RESOURCE CORPORATION SERIES 2015	45-4040561	000000000	07-01-2015	16,795,000	REFIN 2000 TAX-EXEMPT BOND ISSUE		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	635,000
2 Amount of bonds legally defeased ..............	0
3 Total proceeds of issue ..................	16,795,000
4 Gross proceeds in reserve funds .............	0
5 Capitalized interest from proceeds .............	0
6 Proceeds in refunding escrows ...............	0
7 Issuance costs from proceeds ...............	335,900
8 Credit enhancement from proceeds .............	97,499
9 Working capital expenditures from proceeds .............	0
10 Capital expenditures from proceeds .............	0
11 Other spent proceeds .............	16,361,601
12 Other unspent proceeds .............	0
13 Year of substantial completion .............	2015
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2018, a current refunding issue)? ........
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2018, an advance refunding issue)? ........
16 Has the final allocation of proceeds been made? ..........	X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X

Part Ⅲ

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2019

Page 2

Part Ⅲ

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?
c Are there any research agreements that may result in private business use of bond-financed property? .............
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........
6 Total of lines 4 and 5 .............
7 Does the bond issue meet the private security or payment test? ...
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......	X
b Exception to rebate? ........
c No rebate due? .........
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?	X
b Name of provider ..........	TORONTO DOMINION
c Term of hedge .........	30 %
d Was the hedge superintegrated? ......		X
e Was the hedge terminated? ........		X

Schedule K (Form 990) 2019

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X
b Name of provider ..........	0
c Term of GIC .........
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........
6 Were any gross proceeds invested beyond an available temporary period?		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X

Part Ⅴ

Procedures To Undertake Corrective Action

---------------------------------------------------------------------------------------------------------------	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation
SCHEDULE K, PART I, BOND ISSUES:	2015 BOND ISSUE (A) ISSUER NAME: BUILD NYC RESOURCE CORPORATION (F) DESCRIPTION OF PURPOSE: REFINANCE AN OUTSTANDING 2000 TAX-EXEMPT BOND ISSUE (WHICH HAD BEEN USED TO FINANCE DESIGN, CONSTRUCTION AND RENOVATION OF EXISTING BUILDING) AND FINANCE COST OF ISSUING BOND.

Schedule K (Form 990) 2019

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Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $						0

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2019

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) MITCHELL JULIS	TRUSTEE	970,000	INVEST CAP CALL		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference

Explanation

FORM 990, SCHEDULE L, PART IV

In June 2017, the Asia Society made a capital commitment to a fund owned and managed by an affiliate of Canyon Partners, LLC. Mitchell Julis, Trustee, is the Co-Founder, Co-Chairman and Co-CEO of Canyon Partners, LLC and owns and controls an interest in Canyon Partners, LLC. This investment was for the Society's endowment. The Canyon Partners fund was one of three funds presented by Asia Society's outside investment advisor to the Society's Investment Committee for consideration. The Investment Committee approved the investment based on the advisor's recommendation and subsequent discussion. Mr. Julis is not a member of the Investment Committee and was not aware of the investment in the Canyon Partners fund until after the Committee approved the transaction. The amount reported on schedule L, PART IV is the amount of the capital call during the fiscal year ended june 30, 2018.

Schedule L (Form 990 or 990-EZ) 2019

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SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	10
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	9	1,578,823	Average Market Price
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( AUCTION )	X	12	178,000	Per Auction Price
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

Yes

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2019)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
Form 990, SCHedule M, part I, Line 1(b)	THE NUMBER REPORTED ON LINE 1(B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.
Form 990, SCHedule M, Part I, Line 25	$178,000 WHICH WAS REPORTED FOR THE AUCTION ITEMS, REPRESENTS THE NET PROCEEDS TO ASIA SOCIETY.
FORM 990, SCHEDULE M, PART I, LINE 31	THE ASIA SOCIETY HAS A GIFT ACCEPTANCE POLICY PERTAINING TO THE REVIEW OF POTENTIAL CONTRIBUTIONS OF ART.
FORM 990, SCHEDULE M, PART I, LINE 32A	ASIA SOCIETY USED A THIRD PARTY TO DESIGN AND EXECUTE THE AUCTION.
FORM 990, SCHEDULE M, PART I, LINE 33	ASIA SOCIETY'S COLLECTION PRESERVES ASIAN ART WORK FOR PUBLIC VIEW, AS WELL AS TO BE USED IN EDUCATIONAL EXHIBITIONS AND PUBLICATIONS. IT IS MADE UP OF A COLLECTION OF TRADITIONAL ASIAN ART TO WHICH A GROWING NUMBER OF ASIAN CONTEMPORARY ART OBJECTS IS BEING ADDED.

Schedule M (Form 990) (2019)

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SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

THE ASIA SOCIETY

Employer identification number

13-3234632

Return Reference	Explanation
FORM 990, PART I, LINE 7B	UNRELATED BUSINESS TAXABLE INCOME FROM FORM 990-T THE AMOUNT REPORTED ON PART I, LINE 7B INCLUDES CERTAIN FRINGE BENEFIT EXPENSES SUBJECT TO UNRELATED BUSINESS TAXABLE INCOME UNDER IRC SECTION 512(A)(7) AMOUNTS THAT ARE NOT CLASSIFIED AS REVENUE, AND, THEREFORE, NOT REPORTED AS SUCH ON FORM 990, PART VIII. Form 990, Part III, Line 4a ART AND CULTURAL PROGRAMS DIVISION THE SOCIETY'S ART AND CULTURAL PROGRAMS DIVISION EXPLORES THE VITAL EXPRESSIONS OF DIVERSE ASIAN CULTURES THROUGH EXHIBITIONS, PERFORMANCES, FILMS, LECTURES AND SYMPOSIA. THE ASIA SOCIETY MUSEUM, LOCATED AT 725 PARK AVENUE, PRESENTS A WIDE RANGE OF ART EXHIBITIONS SHOWCASING THE WORK OF ASIAN AND ASIAN-AMERICAN ARTISTS, RANGING FROM HISTORICAL TO CONTEMPORARY AND TAKING NEW APPROACHES TO FAMILIAR MASTERPIECES AS WELL AS INTRODUCING UNDER-RECOGNIZED ARTISTS. SEVERAL MAJOR THEMATIC EXHIBITIONS ARE PRESENTED EACH YEAR, DRAWING ON LOANS FROM OTHER INSTITUTIONS AND PRIVATE COLLECTIONS FROM AROUND THE WORLD, AS WELL AS THE SOCIETY'S PERMANENT COLLECTION, THE MR. AND MRS. JOHN D. ROCKEFELLER 3RD COLLECTION OF ASIAN ART. THESE EXHIBITIONS ARE OFTEN ACCOMPANIED BY CATALOGUES AND OTHER PUBLICATIONS, AND SOME EXHIBITIONS TOUR NATIONALLY AND INTERNATIONALLY. ASIA SOCIETY PROVIDES CULTURAL PROGRAMS OF MUSIC, DANCE, THEATER AND FILM FOCUSING ON TRADITIONAL PERFORMANCE GENRES OF ASIA, CONTEMPORARY PERFORMANCE FROM ASIA, AND WORKS BY ASIAN AMERICAN PERFORMING ARTISTS. ADDITIONALLY, A WIDE RANGE OF LECTURES, AUTHOR PROGRAMS, FILMS AND SYMPOSIA FOR THE GENERAL PUBLIC ARE PRESENTED EITHER RELATED TO THE CURRENT MUSEUM EXHIBITIONS OR TO FURTHER THE SOCIETY'S GOAL OF PROMOTING GREATER UNDERSTANDING OF ASIAN AND ASIAN AMERICAN ARTS AND CULTURE. THE ASIAN ARTS AND MUSEUM SUMMIT OFFERS AN OPPORTUNITY FOR COLLABORATIVE EXCHANGE AND SHARING OF BEST PRACTICES, EXPLORES THE ROLE OF THE ARTS IN RAPIDLY CHANGING ASIAN AND U.S. SOCIETIES, AND FACILITATES THE DEVELOPMENT OF JOINT PROJECTS FOR MUSEUM PROFESSIONALS FROM ASIA AND THE U.S.
Form 990, Part III, Line 4b	POLICY AND BUSINESS PROGRAMS DIVISION THE ASIA SOCIETY POLICY INSTITUTE IS THE PRINCIPLE INITIATIVE IN THE POLICY AND BUSINESS PROGRAMS DIVISION. WITH A PROBLEM-SOLVING MANDATE, THE ASIA SOCIETY POLICY INSTITUTE (ASPI) TACKLES MAJOR POLICY CHALLENGES NOW CONFRONTING THE ASIA-PACIFIC IN SECURITY, PROSPERITY, SUSTAINABILITY, AND THE DEVELOPMENT OF COMMON NORMS AND VALUES FOR THE REGION. WITH TOP-LEVEL ADVISORS, FELLOWS, AND THE PREMIER ASIA-WIDE NETWORK OF EXPERTS, ASPI PROVIDES A UNIQUE PLATFORM FOR POLICY DEVELOPMENT. IT BOASTS A TRULY ASIA-WIDE SCOPE; PARTICIPATION FROM BUSINESS AND POLICY LEADERS ON EQUAL FOOTING; AND WORLD-LEADING CONVENING AND RESEARCH CAPABILITIES. WE BELIEVE THIS FORMULA IS UNIQUELY SUITED TO ADVANCING INTERNATIONAL COOPERATION AND EFFECTIVE POLICYMAKING DURING A CENTURY IN WHICH ASIA'S INFLUENCE IS INCREASINGLY PROMINENT. KEY ASPI INITIATIVES AND REPORTS INCLUDE THE CHINA ECONOMIC REFORM DASHBOARD WHICH SETS OUT A SERIES OF MEASURES AND ISSUES QUARTERLY REPORTS ON HOW THE REFORMS ARE WORKING; TOWARD A NORTHEAST ASIA CARBON MARKET WHICH FACILITATES CHINA, SOUTH KOREA AND JAPAN COLLABORATION TO ACHIEVE THIS GOAL; AND A TRADE FORUM COMPOSED OF SENIOR TRADE EXPERTS TO PROVIDE POLICYMAKERS WITH RECOMMENDATIONS ON HOW TO ADVANCE REGIONAL AND BILATERAL TRADE AGREEMENTS IN AN INCREASINGLY COMPLEX TRADE LANDSCAPE. THE CENTER ON U.S.-CHINA RELATIONS COMPLEMENTS THE WORK OF THE ASIA SOCIETY POLICY INSTITUTE, FOCUSING AS IT DOES ON DIVERSE ISSUES IN CHINA AND THE U.S. IT WAS ESTABLISHED TO MEET THE NEED FOR A DEEPER UNDERSTANDING BETWEEN THE TWO COUNTRIES AND PROMOTE PUBLIC DIALOGUE IN ORDER TO STRENGTHEN U.S.-CHINA RELATIONS. THE CENTER BOTH CONVENES POLICY MAKERS TO WORK ON MAJOR ISSUES AND EDUCATES THE AMERICAN AND INTERNATIONAL PUBLIC ON U.S.-CHINA ISSUES, COMMENTING ON AND DISTRIBUTING TIMELY INFORMATION ON CRITICAL TOPICS AND CURRENT EVENTS. ITS WORK SPANS ARTS AND CULTURE, POLICY, SUSTAINABILITY, AND ECONOMICS. THE CENTER'S SIGNATURE INITIATIVE IS CHINAFILE, AN ONLINE PUBLICATION FEATURING ARTICLES, PHOTOGRAPHY, AND MULTIMEDIA FROM AND ABOUT CHINA. ANOTHER KEY INITIATIVE IS A DOCUMENTARY PHOTOGRAPHY AND VIDEO EXHIBITION AND PROJECT, COAL+ICE, WHICH DEPICTS THE RECEDING GLACIARS IN THE HIMALAYAS AND THE COAL WORKERS OF CHINA.
Form 990, Part III, Line 4c	EDUCATION AND LEADERSHIP PROGRAMS DIVISION THE DIVISION SEEKS TO CATALYZE SCHOOL SYSTEMS, SCHOOLS, TEACHERS AND YOUTH THEMSELVES TO CREATE A PIPELINE OF GLOBALLY COMPETENT YOUNG LEADERS WHO HAVE THE KNOWLEDGE AND SKILLS REQUIRED TO UNDERSTAND AND ACT ON GLOBAL ISSUES. IT DOES THIS BY ADVANCING TRANSFORMATIVE MODELS OF EDUCATION THAT PROMOTE GLOBAL COMPETENCY, FOSTERING GROWTH IN CHINESE LANGUAGE PROGRAMS AND CONVENING PREMIER EDUCATION LEADERS TO SPARK INNOVATIONS THAT PROMOTE GLOBAL COMPETENCE AND HIGH ACHIEVEMENT. ASIA SOCIETY'S EDUCATION WORK ESTABLISHES AND SPREADS EFFECTIVE SCHOOL MODELS THAT PROVIDE KNOWLEDGE OF ASIA AND GLOBAL COMPETENCE. THE TOOLS, CURRICULUM, BEST PRACTICES AND PROFESSIONAL DEVELOPMENT IT GENERATES HELP CREATE STUDENTS WHO GRADUATE BOTH COLLEGE-READY AND GLOBALLY COMPETENT. THE CENTERPIECE OF THE WORK IS THE INTERNATIONAL SCHOOLS STUDIES NETWORK, A NATIONAL NETWORK OF SECONDARY SCHOOLS DEVOTED TO INTERNATIONAL STUDIES AND WORLD LANGUAGES. THE DIGITAL CONVERSION OF THE PROFESSIONAL DEVELOPMENT RESOURCES HAS ENABLED THE DIVISION TO GREATLY EXPAND THE REACH OF THE WORK. THE EDUCATION DIVISION CONTRIBUTES TO THE GROWTH AND QUALITY OF CHINESE LANGUAGE TEACHING IN THE U.S. THROUGH PUBLICATIONS, THE NATIONAL CHINESE LANGUAGE CONFERENCE, AND WORKING DIRECTLY WITH U.S. SCHOOLS TO ENHANCE THEIR CHINESE LANGAUGE TEACHING. WEB RESOURCES PROVIDE A BROAD RANGE OF BACKGROUND KNOWLEDGE ABOUT ASIA, CURRICULUM MATERIALS, VIDEO AND AUDIO RESOURCES, AND OTHER MATERIALS TO SUPPORT EDUCATION ABOUT ASIA. THE PREMIER EDUCATION LEADERS IN THE U.S. AND ASIA ARE CONVENED TO SPARK INNOVATIONS THAT PROMOTE HIGHER ACHIEVEMENT AND GLOBAL COMPETENCE IN MILLIONS IN THE GLOBAL CITIES EDUCATION NETWORK. IT IS THE ONLY MECHANISM IN EXISTENCE THAT ENABLES LEADERS OF HIGH-PERFORMING URBAN SCHOOLS SYSTEMS IN ASIA AND NORTH AMERICA TO LEARN FROM EACH OTHER. WORKING GROUPS MEET IN THE U.S. AND ASIA TO REVIEW CASE STUDIES AND POLICIES AND COME UP WITH RECOMMMENDATIONS BASED ON BEST PRACTICES. RESEARCH IS COMMISSIONED TO SUPPORT THE DISCUSSIONS. THE ASIA 21 INITIATIVE BRINGS TOGETHER SOME OF THE MOST DYNAMIC NEXT GENERATION LEADERS, ALL UNDER THE AGE OF 40 FROM ASIA AND THE U.S., TO EXPLORE IMAGINATIVE WAYS TO ADDRESS THE MOST CRITICAL ISSUES FACING THE ASIA-PACIFIC COMMUNITY TODAY, DEVELOP COMMON APPROACHES TO ADDRESSING THESE SHARED CHALLENGES, AND CULTIVATE THE LONG-TERM RELATIONSHIPS NECESSARY FOR DEVELOPING RESPONSES. IN THE U.S., THE DIVERSITY LEADERSHIP FORUM PROVIDES A VITAL PLATFORM FOR CORPORATIONS TO DISCUSS DIVERSITY AND INCLUSION ISSUES AND BEST PRACTICES IN REGARDS TO ASIAN PROFESSIONALS. THE ANNUAL ONE-DAY CONFERENCE INCLUDES RESEARCH RESULTS FROM ASIA SOCIETY'S ANNUAL ASIAN PACIFIC AMERICANS (APA) CORPORATE SURVEY REPORT, AN ANNUAL STUDY THAT EXAMINES BARRIERS TO AND BEST PRACTICES FOR CAREER ADVANCEMENT OF APAS AND KEYNOTE AND PLENARY SESSION PRESENTATIONS FEATURING EXECUTIVES FROM GLOBAL FORTUNE 1000 COMPANIES; AND SMALL GROUP DISUSSION TRACKS. A SECOND DAY EXPLORES MARKETING TO ASIANS AND ASIAN-AMERICANS.
Form 990, Part III, Line 4d	OTHER PROGRAM SERVICES ONLINE/COMMUNICATIONS DIVISION THE SOCIETY PURSUES ITS MISSION TO EDUCATE THE PUBLIC THROUGH INNOVATIVE ONLINE PROGRAMMING ACTIVITIES AS WELL. THE WORK OF THE ONLINE/COMMUNICATIONS DIVISION INCLUDES CONTRIBUTIONS FROM NEW YORK AS WELL AS OUR TEN CENTERS AROUND THE WORLD. IT OVERSEES THE WEBSITE WHICH PROVIDES INFORMATION ABOUT ASIA SOCIETY PROGRAMS AS WELL AS CONTENT GENERATED SPECIFICALLY FOR THE SITE ON TOPICS OF CURRENT INTEREST. WEB TRAFFIC HAS EXPANDED IN THE LAST FEW YEARS AND IS CURRENTLY OVER 3 MILLION VISITS. ASIA SOCIETY'S WEBSITE (WWW.ASIASOCIETY.ORG) INCLUDES NEWS AND INFORMATION ABOUT THE ASIA SOCIETY, HOSTS INFORMATION ON THE INSTITUTION'S PROGRAMS, EVENTS, PUBLICATIONS AND DEPARTMENTS; OFFERS USERS A VIEW OF SOCIETY MUSEUM EXHIBITIONS AND COLLECTIONS; PROVIDES A RAPIDLY EXPANDING COLLECTION OF RESOURCES ON ASIAN AND ASIAN AMERICAN CONTENT, FROM THE ARTS, CULTURE, RELIGION AND SOCIETY TO BUSINESS, ECONOMICS, POLICY AND GOVERNMENT; AND PRESENTS LIVE WEBCASTS OF PROGRAMS OFFERED AT THE NEW YORK HEADQUARTERS AS WELL AS ARCHIVES PROGRAMS FOR FUTURE VIEWING. THE SOCIETY'S EDUCATION DIVISION PROVIDES INNOVATIVE ONLINE CURRICULUM MATERIALS AND STUDY AIDS TO EDUCATORS AND STUDENTS AT THE ELEMENTARY AND SECONDARY LEVELS. IN ALL, A WEALTH OF INFORMATION ABOUT ASIA AT THE FINGERTIPS OF THE WORLD. U.S. ACTIVITIES THE SOCIETY OPERATES OUT OF THREE ADDITIONAL LOCATIONS IN THE UNITED STATES. THE WASHINGTON, D.C. OFFICE TAKES ADVANTAGE OF ITS LOCATION IN THE NATION'S CAPITAL TO SUPPORT THE WORK OF THE ASIA SOCIETY POLICY INSTITUTE. THE PACIFIC COAST IS SERVED BY THE SOUTHERN CALIFORNIA CENTER IN LOS ANGELES AND THE NORTHERN CALIFORNIA CENTER IN SAN FRANCISCO. LOCATED IN THE HOME OF THE LARGEST AND FASTEST GROWING ASIAN AND ASIAN AMERICAN COMMUNITIES, THE TWO CALIFORNIA CENTERS PROVIDE A UNIQUE OPPORTUNITY TO EXAMINE THE BONDS THAT UNITE AMERICANS AND ASIANS. BOTH CENTERS ARE ADVISED BY LOCALLY-RECRUITED ADVISORY COUNCILS. (IN ADDITION, THE SOCIETY IS AFFILIATED WITH A SEPARATE 501(C)(3) ORGANIZATION LOCATED IN HOUSTON, TEXAS WHICH OPENED A BUILDING OF ITS OWN IN MARCH 2012.) ASIAN ACTIVITIES ASIA SOCIETY IS ASSOCIATED WITH SIX ASIAN AFFILIATES, THAT OPERATE ASIA SOCIETY CENTERS IN AUSTRALIA, INDIA, KOREA, THE PHILIPPINES, TOKYO AND HONG KONG-WHICH OPENED A BUILDING OF ITS OWN IN FEBRUARY 2012. THEY ARE EACH SEPARATE, LEGAL AND FINANCIALLY INDEPENDENT ENTITIES AND OPERATE IN CONCERT WITH ASIA SOCIETY BASED ON A GLOBAL OPERATING AGREEMENT. EUROPEAN ACTIVITIES AN AFFILIATE CENTER WAS ESTABLISHED IN ZURICH, SWITZERLAND IN JANUARY 2016 WITH WHICH ASIA SOCIETY IS ASSOCIATED (NOT INCLUDED IN THE FINANCIAL MATERIALS IN THE FORM 990). AUXILIARY SERVICES THE SOCIETY OPERATES A SPECIALIZED STORE AND CAF AND PROVIDES CONFERENCE FACILITIES AT ITS HEADQUARTERS BUILDING IN NEW YORK. THE STORE, ASIA STORE, OFFERS A WIDE VARIETY OF BOOKS AND ASIAN-INSPIRED GIFT ITEMS AND SERVES THE MEMBERSHIP, VISITORS TO THE MUSEUM AND THE GENERAL PUBLIC ATTENDING THE SOCIETY'S PROGRAMS IN NEW YORK. THE GARDEN COURT CAF PROVIDES ASIAN-INSPIRED FOODS TO NEW YORK CITY DINERS. THE AUDITORIUM, CAF AND CONFERENCE FACILITIES IN THE HEADQUARTERS BUILDING SERVE PRIMARILY AS VENUES FOR THE SOCIETY'S PROGRAMS AND ARE ALSO AVAILABLE FOR RENTAL TO OUTSIDE PARTIES.
Form 990, Part VI, Line 2	BUSINESS RELATIONSHIPS STEPHEN A. SCHWARZMAN, TRUSTEE, AND MICHAEL S. CHAE, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. BOTH ARE OFFICERS OF BLACKSTONE GROUP MANAGEMENT, LLC. STEPHEN BIRD AND FRANCISCO ARISTEGUIETA HAVE A BUSINESS RELATIONSHIP. BOTH ARE OFFICERS OF CITIGROUP INC. John H. Foster, trustee, and Stephanie T. Foster, trustee, have a family relationship. Both served on the board of the Society within fiscal year 2018, but did not serve at the same time.
Form 990, Part VI, Line 11b	FORM 990 REVIEW A COMPLETE DRAFT OF THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THAT REVIEW, A FINAL AND COMPLETE DRAFT IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD BEFORE IT IS FILED WITH THE IRS.
Form 990, Part VI, Line 12c	CONFLICT OF INTEREST REVIEW A CONFLICT OF INTEREST QUESTIONNAIRE IS CIRCULATED TO THE MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. RESULTS OF THAT QUESTIONNAIRE ARE SUMMARIZED AND PROVIDED TO THE CHAIR OF THE AUDIT COMMITTEE. ANY PERSON DEEMED TO BE AN INTERESTED PERSON WITH RESPECT TO A CONFLICT WILL RECUSE THEMSELVES FROM DELIBERATION AND DECISION-MAKING INVOLVING THE POTENTIAL OR ACTUAL CONFLICT.
Form 990, Part VI, Line 15a	COMPENSATION REVIEW The Board Compensation Committee meets twice a year and reviews the President's fiscal year performance. Additionally, The Committee reviews salary survey information compiled by the Director of Human Resources on a periodic basis as requested by the Committee. The survey information provides data for comparable positions in other not for profit organizations which are similar in scope, complexity and size. Based on comparable salary information presented and performance reviews the independent members of the committee recommend the President's compensation to the Board of Trustees for approval. Any determinations by the Board Compensation Committee are documented in the Minutes of the Committee.
Form 990, Part VI, Line 19	DOCUMENT AVAILABILITY THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT THE ASIA SOCIETY WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 11A INCOME FROM INVESTMENTS IN LIMITED PARTNERSHIP ($962) DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P.
FORM 990, PART XI, LINE 9	OTHER CHANGE IN NET ASSETS CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $591,333 INCOME FROM INVESTMENT IN LIMITED PARTNERSHIPS $962 ----------- TOTAL $592,295

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

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1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No