Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,373,231

• 4 · Income from investment of tax-exempt bond proceeds

  total $597,008 · excluded $597,008

• 7a · Gross sales of assets other than inventory

  securities $2,733,902

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

  securities $2,915,634

• 7c · Gain or loss

  securities -$181,732

• 7d · Net gain or loss

  total -$181,732 · excluded -$181,732

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,000,785 · program services $1,000,785

• 11b · Fees: legal

  total $2,951 · management and general $2,951

• 11c · Fees: accounting

  total $45,167 · management and general $45,167

• 11f · Fees: investment management

  total $109,237 · fundraising $109,237

• 11g · Fees: other

  total $35,646 · management and general $35,646

• 13 · Office expenses

  total $15,092 · management and general $15,092

• 14 · Information technology

  total $806 · management and general $806

• 17 · Travel

  total $3,667 · management and general $3,667

• 19 · Conferences, conventions and meetings

  total $928 · management and general $928

• 24a · Other expenses: EWC ADMINISTRATIVE FEES

  total $42,797 · management and general $19,651 · fundraising $23,146

• 24b · Other expenses: RENTAL & MAINTENANCE

  total $11,876 · management and general $11,876

• 24c · Other expenses: PRINTING & REPRODUCTION

  total $5,204 · management and general $3,469 · fundraising $1,735

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $288,955 · end of year $841,835

• 3 · Pledges and grants receivable

  beginning of year $257,589 · end of year $450,528

• 11 · Investments: publicly traded securities

  beginning of year $16,423,707 · end of year $21,631,554

• 15 · Other assets

  beginning of year $693,945 · end of year $0

• 17 · Accounts payable and accrued expenses

  end of year $2,723

• 25 · Other liabilities

  beginning of year $0 · end of year $628,035

• 27 · Net assets without donor restrictions

  beginning of year $115,570 · end of year -$770,395

• 28 · Net assets with donor restrictions

  beginning of year $17,548,626 · end of year $23,063,554

The filer's explanations (Part III)

PART I, LINE 1A

A DISCRETIONARY SPENDING AMOUNT FOR REPRESENTATION PURPOSES, HOUSING ALLOWANCE, CAR ALLOWANCE, AND MEMBERSHIP IN THE PACIFIC CLUB IS PROVIDED BY A RELATED ORGANIZATION TO THE PRESIDENT. PREMIUM TRAVEL AND PHONE ALLOWANCES MAY BE PROVIDED TO THE RELATED ORGANIZATION'S EMPLOYEES. TRAVEL POLICIES ADHERE TO THE U.S. FEDERAL GOVERNMENT TRAVEL POLICIES AND GUIDELINES. HOUSING, CAR, AND PHONE ALLOWANCES ARE TREATED AS TAXABLE COMPENSATION.

PART I, LINE 3

THE ORGANIZATION RELIED ON A RELATED 501(C)(3) ORGANIZATION, THE CENTER FOR CULTURAL AND TECHNICAL INTERCHANGE BETWEEN EAST AND WEST, DBA EAST-WEST CENTER, TO ESTABLISH THE PRESIDENT'S COMPENSATION, WHICH IS DETERMINED BY THE BOARD OF GOVERNORS' EXECUTIVE COMMITTEE.