Asian Festival Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Asian Festival promotes the importants of cultural diversity in building a vibrant,prosperous and healthy community. Our statement of values: Show casing our cultural heritage advocating the importance of lifelong learning and education. Providing a fn and entertaining experience Nurturing community collaboration and strong relationships fostering a healthy lifestyle and quality of life Serving with integrity.
- Income
- $285,938
- Spending
- $358,451
- Spent on programs
- 94%
- Reserves
- 32.3 months of spending
- Largest source of income
- donations and private grants, 45%
- Employees
- 0
- Volunteers
- 100
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 35% of charities in its peer group (recreation and sports, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 32.3 months of spending.
Debt
20 of 20It owes 3% of what it owns.
Living within its means
0 of 15Spending exceeded income by 25% of income.
Income trend
0 of 15Income fell 36% on the year before.
Spending floor
15 of 1594% of spending went to programs and raising each dollar of donations cost 9 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 38 out of 100. Higher than 13% of charities in its peer group (recreation and sports, $250k to $1m).
Independent board
5 of 250 of 13 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $315,581 spent. This year we celebrated 31 years with special performances from laos Vietnam and Cambodia. As in previous years we featured Performances, Martial Arts Music, Dance. Bringing in groups as Panama Dance group,Huayun Dance Group, Ohio Turtle Fan, JungWei Lio Dance Assoc.Ohio Wushu Academy Dragon Dance Loa Heritage Foundation, School of Yakshahejje, Khmer Angkor Traditional Dance. Group performed on Main Stage, Comunity Square Stage. Cultural Activities: Festival Activities are held at and around Franklin Park, A Dragon Boat races were held at Bicentenial Park. Asian Games hosted a Table Tennis tournament. Community Square where Each participating countryhas a booth showcasing rich cultural , traditions and photo displays including hands on workshops. Children Area providing hands on activities activities target for children . Members of the community were available to interact and communicate with the audience.
- $19,834 spent. Health and Wellness Pavilion :Includes a comprehensive Health Screening (including Vision/Eye,Children, Dental, Mental Health, Nutrition Assessment , and Others) and wellness education to all participants throught the support of the Ohio Commission of Minority Health, Cardinal Health, The OSU Wexner Medical Center, ADAMH, Quantum Health, Ohio Asian American Health Coalition. Trained Community liaisons recruit participants for Eleven Asian ethnic groups to participate.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2004.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.