798136450192836104615401837
36450192836104615401837981
450192836104615401837981364
92836104615401837981364501
836104615401837981364501928
04615401837981364501928361
615401837981364798136450192
610461540183798136450192836
461540183798136450192836104
540183798136450192836104615
83798136450192836104615401
ANNUAL REPORT
798136450192836104615401837
36450192836104615401837981
CHANGING FACE
450192836104615401837981364
OF AMERICA
92836104615401837981364501
836104615401837981364501928
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BY THE
019283610461540183798136450
NUMBERS
283610461540183798136450192
610461540183798136450192836
461540183798136450192836104
2013
to see that
ION IS
OUR VericIS
an and Pacific Islanders have
all Asian Am
d resources
access to higher education an
personal and
that cultivate their academic,
s of their ethnicity,
professional success regardles
ans.
national origin or financial me
Our mission is to make a difference in the lives of AAPI students by providing
them with resources that increase their access to higher education which
serves as the foundation for their future success and contributions to a
stronger America.
We carry out our mission by:
• Providing scholarships to AAPI students;
• Forging partnerships among corporations, foundations, community
organizations and individuals to provide adequate financial and other
resources to carry out our mission;
• Providing guidance, mentorship and programs to facilitate students'
academic success, leadership and professional growth;
• Establishing strategic alliances within AAPI and educational communities; and
• Building a clearinghouse of higher education research on AAPI high school
and college students and continue to increase awareness of AAPI education
issues and challenges.
APIASF is recognized in the Social Impact Exchange’s S&I
100, the first-ever broad index of nonprofits with proof of
results and a scalable model for growth.
APIASF has received 4 out of 4 stars on Charity
Navigator. Each charity is evaluated using two broad
areas of performance: Financial Health and Accountability
and Transparency.
2
APIASF—a Gold-level GuideStar Exchange Participant—
shares information openly and completely on GuideStar, including financial data and Forms 990, so that donors can make
the best decision possible as it relates to their charitable giving.
ACCELERATING
STUDENT
SUCESS
2012–2013 APIASF SCHOLAR DATA
More than 250 students received funding through the
APIASF general scholarship program for the 2012–2013
academic year. APIASF is proud to support their goal of
obtaining a college degree. To learn more about these
students, visit www.apiasf.org/scholars.
BREAKDOWN BY AAPI GROUP
Native Hawaiian and Pacific Islander - 7%
Southeast Asian - 29%
South Asian - 12%
Other Asian - 10%
East Asian - 42%
7%
42% 29%
%
%
1012
POVERTY LEVEL*
Above the Poverty
Line - 37%
43% %
57
*APIASF uses Human &
Health Services Poverty
Guidelines to determine
poverty level
FIRST IN FAMILY TO
ATTEND COLLEGE
At or Below the
Poverty Line - 63%
37% %
63
Yes - 57%
No - 43%
3
MOBILIZING
RESOURCES
Utilizing an evidence-based model, APIASF leverages an expansive network
that includes: community organizations, colleges and universities, research
groups, students, educators, and corporate partners. This scalable model of
change mobilizes communities for increased support, accelerates student
success through scholarship and programs, and strengthens institutional
capacity through partnerships with Asian American and Native American
Pacific Islander-Serving Institutions (AANAPISIs)*.
One example of this work is the APIASF Higher Education Summit. This annual
event serves as a forum to connect each of APIASF’s constituents and provides
an important opportunity to empower them to positively impact the experience
of AAPI students through their respective work. Through the Summit, APIASF is
able to increase its impact far beyond the direct scholarship support of students
to create a national movement committed to better serving AAPI students.
Since the inception of the APIASF Higher Education Summit, the organization
has used the event to platform research and data on AAPI students and the
institutions they attend. The inclusion of research as the foundation for
the event has helped build a more inclusive dialogue on the educational
experience of AAPIs and has provided the necessary evidence to support
increased investments in the community.
* Asian American and Native American Pacific Islander-Serving Institutions (AANAPISIs) are recognized by the
U.S. Department of Education as minority serving institutions. Each institution must have more than 10 percent
of their student population identify as AAPI and have a high concentration of students with financial need.
4
20032013
Individuals Served
0
100,000
Scholarship Money Distributed
0
$70M
Summit Participating AANAPISI Institutions
0
25
AANAPISI Campus Partners
0
4
Research Reports
0
3
STRENGTHENING
INSTITUTIONAL
CAPACITY
APIASF recognizes that college campuses are critical points of intervention
to create positive outcomes for AAPI students. During APIASF’s 2013 Higher
Education Summit, the first of three reports from the Partnership for Equity in
Education through Research (PEER) project was released in collaboration with
the National Commission on Asian American and Pacific Islander Research in
Education (CARE).
“
The report shows that more than 40 percent of the total AAPI undergraduate
population is attending Asian American and Native American Pacific IslanderServing Institutions (AANAPISIs). This underscores the potential impact
of AANAPISI institutions on the success of the AAPI student population.
The geographic locations of AANAPISIs also correspond with many of the
communities that APIASF has identified as key targets according to U.S. Census
data as areas with low-income and underserved AAPIs.
Through ongoing partnerships with AANAPISI campuses, APIASF will be able
to accelerate student success and strengthen the communities where AAPIs live
and work.
A
as,
s an AANAPISI, Richland College, Dall
ASF
API
with
hip
ners
Texas, values its part
because we share a common goal of
r dreams
enabling more students to realize thei
lability
avai
The
.
and the dreams of their families
nt
ifica
sign
one
es
of financial support eliminat
and
g
ctin
sele
barrier preventing students from
their choice.
completing the educational goal of
Richland
s
help
Our partnership with APIASF
equity for students who
eve
achi
College promote access and
nity.
ortu
opp
otherwise would not have an
t, Richland College
– Dr. Kathryn K. Eggleston, Presiden
5
FINANCIAL
STATEMENTS
07/01/2012–06/30/2013
STATEMENT OF ACCOUNTS
for the 12 months ending June 30, 2013 (Amounts in thousands)
SUPPORT & REVENUE
Grants and contributions . . . . . . . . . . . . . . . . . . . . . . 14,782
Special event revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156
Other revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
TOTAL SUPPORT & REVENUE. . . . . . . . . . . . $14,948
EXPENSES AND LOSSES
Total Program Services. . . . . . . . . . . . . . . . . . . . . . . . 15,142
Management and general. . . . . . . . . . . . . . . . . . . . . . . . . 390
Fund-raising. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 285
Total Supporting Services Expenses. . . . . . . . . . . . . . . . . . 675
TOTAL EXPENSES AND LOSSES. . . . . . . . . . . . $15,817
6
NET ASSETS, BEGINNING OF YEAR. . . . . . . . . . . . . . . . . . . $5,334
NET ASSETS, END OF YEAR. . . . . . . . . . . . . . . . . . . . . . . . . . $4,465
HOW WE USE OUR FUNDS:
88% Programs and Services
7% Program Management
3% General Administration
2% Fundraising
FINANCIAL POSITION
3%2
7
%
%
88
%
ASSETS
CURRENT ASSETS
Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . 1,642
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,218
Pledges receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,829
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Total Current Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,733
Net Property and Equipment . . . . . . . . . . . . . . . . . . . . . . . . 5
Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . $5,753
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Scholarship payable. . . . . . . . . . . . . . . . . . . . . . . . . . . .1,061
Accrued expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153
Deferred income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
Total Current Liabilities. . . . . . . . . . . . . . . . . . $1,288
NET ASSETS
Unrestricted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,136
Temporarily restricted. . . . . . . . . . . . . . . . . . . . . . . . . . 1,329
Total Net Assets. . . . . . . . . . . . . . . . . . . . . . . . $4,465
TOTAL LIABILITIES AND NET ASSETS. . . . . . . $5,753
7
FACT
FACT
FACT
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83% Of our first three
10461540183798136450192836
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recipients in 2005, 2006 and
40183798136479813645019283
2007, 83% have become
46154018379813645019283610
college Graduates
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$70M Since inception,
79813645019283610461540183
APIASF has distributed
13645019283610461540183798
nearly $70M in college
45019283610461540183798136
scholarships to Asian
19283610461540183798136450
American & Pacific
83610461540183798136450192
Islander Students.
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56%
Fifty-six percent of
64501928361046154018379813
all scholarship recipients
01928361046154018379813645
were the first in their family
28361046154018379813645019
to attend college.
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8
8
0
6
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0
8
0
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3
THANK YOU!
APIASF extends a very special thank you to all its donors and
volunteers for their generous support and time. It is with their
support that makes possible the attainment of postsecondary
education and the acceleration of student success amongst the
underserved Asian Americans and Pacific Islanders.
“When the Asian & Pacific Islander Ame
rican Scholarship Fund was
established just over a decade ago, no
one ever imagined that it would
help fulfill the dreams and aspirations
of hundreds of college-bound
Asian Americans, Native Hawaiians and
Pacific Islanders. APIASF thrives
today because its leaders believe that thou
sands of other dreams remain
unfulfilled. I am honored to have playe
d a small role in bringing some
of the amazing thought leaders together
to build APIASF.”
– Bill Imada, CEO & Chairman, IW Grou
p, Inc.,
APIASF Founding Member, Current Advi
sory Council Member
is one of the keys to
“At Coca-Cola, we believe that education
First Generation
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– Craig Williams, Senior Vice President
pany
Com
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9
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3 FIS
THE ’12–’1
BOARD OF DIRECTORS
Michael Fung, Chair
Nita Song, Vice Chair,
President and COO, IW
Group, Inc.
Tariq Khan, Assistant
Vice Chair, Fundraising
and Scholarship Benefit
Committee Chair, Founder
& CEO, Global Diversity
Marketing
Anna W. M. Mok,
Treasurer, Budget and
Finance Committee Chair,
Regions Leader, AERS
Advisory Services, Deloitte
& Touche LLP
Wai-Ling Eng, Secretary,
National Scholarship
Chair, Asian McDonald’s
Operators Association
(AMOA)
10
Erwin Furukawa,
Blaine Hirai,
Albert Seecharan,
Scott Loretan, Senior
Michelle Scales,
Seong Ohm, Senior Vice
Marketing Committee
Chair
Scholarship Committee
Co-Chair
Scholarship Committee
Co-Chair
Anne Chow, Senior
Vice President, Premier
Client Group, AT&T
Operations, Inc.
Wellington Chiu,
Principal and Founder,
Chiu Capital, LLC
Donald Chu,
President & CEO,
Tronex Company
Susan Jin Davis, Senior
CEO / President / Owner,
Hirai Farms
Vice President East Region,
Sodexo
President, Merchandise
Business Services, Sam’s
Club
Doua Thor, Executive
Director, Southeast Asia
Resource Action Center
(SEARAC)
Margaret Daniels Tyler,
Managing Partner, The
Tyler Group, LLC
The Honorable Robert
Underwood, President,
University of Guam
Carol Jackson, Audit
Joseph D. Weinstein,
Committee Chair, Vice
President, Government
and Public Affairs
Vice President, Operations
and Product Compliance
in the Finance
Department, Comcast
Jacinta Titialii Abbott,
Jimmy Ferguson, Owner
Craig A. Williams,
Partner, Chair, Business
Transactions Practice,
Davis Wright Tremaine LLP
Esq., Immediate Past
Chair, Board Development
Committee Chair
/ Operator, McDonald’s of
Greater Houston
Kimo Kippen, Personnel
President / General
Manager Pittsburgh Region,
McDonald’s USA, LLC
GENERAL COUNSEL
Tom Hayashi, Principal,
Marty Lorenzo, Member,
/ Human Resources
Committee Chair, Chief
Learning Officer, Hilton
Worldwide
Karen Garcia, Vice
Capacity Empowerment
Vice President, U.S., The
McDonald’s Division, The
Coca-Cola Company
Mintz, Levin, Cohn, Ferris,
Glovsky and Popeo, P.C.
ADVISORY COUNCIL
Gale Awaya
McCallum, Co-Chair
Alexandra D. Rose,
Esq., Co-Chair, Senior
Manager, Accenture
Kevin Bradley, Sr.
Manager, Diversity
& Inclusion, Discover
Financial Services
Gloria Chan, Life and
Leadership Coach
Lucy Chan, Director,
Steven Eng, Past Chair,
Asian McDonald’s
Operators Association
(AMOA)
Kerwin Higashi,
Regional Vice President,
Sodexo
J.D. Hokoyama,
Founder, Leadership
Education for Asian
Pacifics (LEAP)
Shirley Hune, Ph.D.,
Growth Markets and
Business Development,
IBM USA
Professor, Educational
Leadership & Policy
Studies, University of
Washington Seattle
Doris Ching, Ed.D.,
Bill Imada, Chairman &
Emeritus Vice President for
Student Affairs, University
of Hawai’I System
T. Kamuela Chun,
Project Director,
Achieving the Dream,
University of Hawai’i
Community Colleges
CEO, IW Group, Inc.
Jimmy Lynn, Managing
The Honorable Ruby
G. Moy, President &
CEO, Asian American
and Pacific Islander
Association of Colleges
and Universities (APIACU)
Kiyoshi Nakasaka,
President & CEO,
Washington CORE
Orr Rivero, Vice
President of Human
Resources, Mexico, Latin
America & Caribbean,
Hilton Worldwide
Doreen Woo Ho,
Independent Banking &
Investment Consultant
Alicia Yaeger, Manager,
McDonald’s USA, LLC
Partner, JLynn Associates
Elaine Yee
Mina Martinez, Co-
Eddie Yuen, Owner /
Founder, APIASF New York
Advisory Council
Operator, McDonald’s
USA
Kathryn K. Mlsna, Chief
Strategy Officer; Legal
Officer, Girl Scouts of
Greater Chicago and
Northwest Indiana
APIASF STAFF
Neil Horikoshi, President
& Executive Director
Nicole Alonzo,
Prema Chaudhari,
Director, Programs &
Scholar Relations
Program Assistant, Gates
Millennium Scholars
Program
Sarah Ha, Director,
Elena Anderson, Vice
Joo Young Lee,
President, Finance and
Operations
Devita Bishundat,
Director, APIASF
Scholarship Program
Katrina Breese, Director
of Development
Programs & Student
Affairs
Director, Gates
Millennium Scholars
Program
Phong Luu, APIASF
Scholarship Program,
Program Specialist,
Outreach & Community
Relations
Reeba Monachan,
Campus Engagement
Manager, Gates
Millennium Scholars
Program
Boosaba Pananon,
Assistant Director of
Development
April Rongero, Program
Coordinator, Gates
Millennium Scholars
Katie Tran-Lam, Director
of Communications &
Marketing
11
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2025 M Street, NW, Suite 610
Washington, D.C. 20036
www.APIASF.org
202.986.6892
www.facebook.com/APIASF
www.twitter.com/APIASF