Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,000,785

• 1e · Government grants (contributions)

  $26,108,162

• 1f · All other contributions, gifts and grants

  $634,887

• 2a · Program service revenue: EDUCATION,RESEARCH,AND OTHER SVCS

  total $4,352,700 · related or exempt $4,352,700

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $3,146,738 · related or exempt $3,146,738

• 2c · Program service revenue: CONFERENCE SERVICES

  total $217,294 · unrelated business $217,294

• 2d · Program service revenue: PUBLICATIONS AND OTHER

  total $8,769 · related or exempt $8,769

• 3 · Investment income

  total $1,061,598 · excluded $1,061,598

• 7a · Gross sales of assets other than inventory

  securities $15,478,619

• 7b · Less cost or other basis and sales expenses

  securities $13,051,739

• 7c · Gain or loss

  securities $2,426,880

• 7d · Net gain or loss

  total $2,426,880 · excluded $2,426,880

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,321,733 · program services $4,321,733

• 3 · Grants to foreign organizations and individuals

  total $145,689 · program services $145,689

• 5 · Compensation of officers, directors and key employees

  total $2,067,962 · program services $696,092 · management and general $1,124,586 · fundraising $247,284

• 7 · Other salaries and wages

  total $13,651,237 · program services $10,339,129 · management and general $2,954,701 · fundraising $357,407

• 8 · Pension plan contributions

  total $2,170,163 · program services $1,548,869 · management and general $539,215 · fundraising $82,079

• 9 · Other employee benefits

  total $1,014,954 · program services $846,133 · management and general $166,328 · fundraising $2,493

• 10 · Payroll taxes

  total $1,051,165 · program services $759,871 · management and general $253,872 · fundraising $37,422

• 11b · Fees: legal

  total $108,304 · program services $61,477 · management and general $29,722 · fundraising $17,105

• 11c · Fees: accounting

  total $137,541 · program services $104,345 · management and general $30,264 · fundraising $2,932

• 11f · Fees: investment management

  total $52,570 · fundraising $52,570

• 11g · Fees: other

  total $2,520,118 · program services $1,725,084 · management and general $732,794 · fundraising $62,240

• 13 · Office expenses

  total $2,215,416 · program services $1,239,760 · management and general $953,616 · fundraising $22,040

• 14 · Information technology

  total $365,317 · program services $130,797 · management and general $234,289 · fundraising $231

• 17 · Travel

  total $1,197,289 · program services $950,231 · management and general $237,942 · fundraising $9,116

• 19 · Conferences, conventions and meetings

  total $75,198 · program services $33,180 · management and general $41,229 · fundraising $789

• 22 · Depreciation, depletion and amortization

  total $1,307,546 · program services $792,843 · management and general $514,703

• 23 · Insurance

  total $331,887 · program services $244,342 · management and general $87,545

• 24a · Other expenses: CLEANING & MAINTENANCE

  total $1,572,916 · program services $1,074,066 · management and general $498,850

• 24b · Other expenses: UTILITIES

  total $1,422,416 · program services $1,000,077 · management and general $392,169 · fundraising $30,170

• 24c · Other expenses: SUBCONTRACTORS

  total $631,927 · program services $631,927

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $458,547 · program services $48,437 · management and general $410,110

• 24e · All other expenses

  total $788,000 · program services $691,223 · management and general $93,191 · fundraising $3,586

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $43,182 · end of year $11,494

• 2 · Savings and temporary cash investments

  beginning of year $5,190,564 · end of year $4,353,467

• 3 · Pledges and grants receivable

  beginning of year $3,755,229 · end of year $4,558,489

• 4 · Accounts receivable

  beginning of year $191,227 · end of year $164,793

• 9 · Prepaid expenses and deferred charges

  beginning of year $884,915 · end of year $939,357

• 10a · Land, buildings and equipment: cost or other basis

  $38,515,660

• 10b · Land, buildings and equipment: accumulated depreciation

  $31,686,176

• 10c · Land, buildings and equipment, net

  beginning of year $7,279,178 · end of year $6,829,484

• 11 · Investments: publicly traded securities

  beginning of year $21,588,669 · end of year $25,508,902

• 15 · Other assets

  beginning of year $5,020,584 · end of year $7,127,003

• 17 · Accounts payable and accrued expenses

  beginning of year $1,737,080 · end of year $2,739,601

• 19 · Deferred revenue

  beginning of year $1,751,930 · end of year $1,364,580

• 23 · Secured mortgages and notes payable

  beginning of year $5,600,000 · end of year $5,100,000

• 25 · Other liabilities

  beginning of year $1,883,203 · end of year $3,858,755

• 27 · Net assets without donor restrictions

  beginning of year $29,394,918 · end of year $32,977,263

• 28 · Net assets with donor restrictions

  beginning of year $3,586,417 · end of year $3,452,790

The filer's explanations (Part III)

PART I, LINE 1A

THE CENTER PROVIDES A DISCRETIONARY SPENDING ACCOUNT FOR REPRESENTATION PURPOSES, HOUSING ALLOWANCE, AND MEMBERSHIP IN THE PACIFIC CLUB TO THE PRESIDENT. MEMBERSHIP IN THE PACIFIC CLUB PROVIDES A PLACE OUTSIDE OF THE EAST-WEST CENTER TO HOST MEETINGS AND FUNCTIONS. BECAUSE THE PACIFIC CLUB REQUIRES THE MEMBERSHIP BE IN THE NAME OF A SPECIFIC INDIVIDUAL, IT IS HELD BY THE CENTER'S PRESIDENT. PREMIUM TRAVEL MAY BE PROVIDED TO THE ORGANIZATION'S EMPLOYEES. TRAVEL POLICIES ADHERE TO THE U.S. FEDERAL GOVERNMENT POLICIES AND GUIDELINES.