Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,044,624

• 1e · Government grants (contributions)

  $20,996,847

• 1f · All other contributions, gifts and grants

  $506,856

• 2a · Program service revenue: AUXILIARY ENTERPRISES

  total $3,278,710 · related or exempt $1,996,664 · unrelated business $1,282,046

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

  total $2,991,294 · related or exempt $2,991,294

• 2c · Program service revenue: CONFERENCE SERVICES

  total $269,687 · unrelated business $269,687

• 2d · Program service revenue: PUBLICATIONS AND OTHER

  total $6,334 · related or exempt $6,334

• 3 · Investment income

  total $1,302,073 · excluded $1,302,073

• 7a · Gross sales of assets other than inventory

  securities $13,326,358

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

  securities $12,700,467

• 7c · Gain or loss

  securities $625,891

• 7d · Net gain or loss

  total $625,891 · excluded $625,891

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,439,137 · program services $3,439,137

• 3 · Grants to foreign organizations and individuals

  total $174,075 · program services $174,075

• 5 · Compensation of officers, directors and key employees

  total $1,763,139 · program services $785,528 · management and general $706,917 · fundraising $270,694

• 7 · Other salaries and wages

  total $12,243,225 · program services $8,759,300 · management and general $3,102,109 · fundraising $381,816

• 8 · Pension plan contributions

  total $1,672,518 · program services $1,197,947 · management and general $417,048 · fundraising $57,523

• 9 · Other employee benefits

  total $957,903 · program services $685,418 · management and general $248,904 · fundraising $23,581

• 10 · Payroll taxes

  total $1,052,314 · program services $733,525 · management and general $276,902 · fundraising $41,887

• 11b · Fees: legal

  total $224,436 · program services $138,126 · management and general $82,582 · fundraising $3,728

• 11c · Fees: accounting

  total $197,683 · program services $73,859 · management and general $123,785 · fundraising $39

• 11f · Fees: investment management

  total $49,838 · fundraising $49,838

• 11g · Fees: other

  total $2,737,298 · program services $1,424,680 · management and general $1,184,099 · fundraising $128,519

• 13 · Office expenses

  total $1,771,259 · program services $719,289 · management and general $996,516 · fundraising $55,454

• 14 · Information technology

  total $527,495 · program services $167,231 · management and general $359,697 · fundraising $567

• 17 · Travel

  total $513,221 · program services $407,658 · management and general $102,283 · fundraising $3,280

• 19 · Conferences, conventions and meetings

  total $95,572 · program services $60,154 · management and general $31,580 · fundraising $3,838

• 22 · Depreciation, depletion and amortization

  total $1,169,495 · program services $558,204 · management and general $611,291

• 23 · Insurance

  total $617,143 · program services $396,528 · management and general $220,615

• 24a · Other expenses: CLEANING & MAINTENANCE

  total $1,701,432 · program services $1,171,360 · management and general $530,072

• 24b · Other expenses: UTILITIES

  total $1,096,098 · program services $434,406 · management and general $661,692

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $163,667 · program services $195,385 · management and general -$31,718

• 24d · Other expenses: SUBCONTRACTORS

  total $145,639 · program services $145,639

• 24e · All other expenses

  total $284,758 · program services $158,739 · management and general $124,521 · fundraising $1,498

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,494 · end of year $4,010,290

• 2 · Savings and temporary cash investments

  beginning of year $4,353,467 · end of year $15,469,037

• 3 · Pledges and grants receivable

  beginning of year $4,558,489 · end of year $3,117,095

• 4 · Accounts receivable

  beginning of year $164,793 · end of year $110,697

• 9 · Prepaid expenses and deferred charges

  beginning of year $939,357 · end of year $594,758

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

  $39,052,317

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

  $32,701,633

• 10c · Land, buildings and equipment, net

  beginning of year $6,829,484 · end of year $6,350,684

• 11 · Investments: publicly traded securities

  beginning of year $25,508,902 · end of year $24,894,112

• 15 · Other assets

  beginning of year $7,127,003 · end of year $3,240,583

• 17 · Accounts payable and accrued expenses

  beginning of year $2,739,601 · end of year $1,708,902

• 19 · Deferred revenue

  beginning of year $1,364,580 · end of year $10,851,910

• 23 · Secured mortgages and notes payable

  beginning of year $5,100,000 · end of year $6,938,000

• 25 · Other liabilities

  beginning of year $3,858,755 · end of year $3,527,262

• 27 · Net assets without donor restrictions

  beginning of year $32,977,263 · end of year $33,579,651

• 28 · Net assets with donor restrictions

  beginning of year $3,452,790 · end of year $1,181,531

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.