East West Foundation Inc in Atlanta, Georgia (GA)

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East West Foundation Inc
Employer Identification Number (EIN)237444743
Name of OrganizationEast West Foundation Inc
In Care of NameJones And Kolb
Address3475 Piedmont Rd Ne Ste 1500, Atlanta, GA 30305-2913
ActivitiesOther religious activities
SubsectionCharitable Organization
Ruling Date10/1981
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,882,278
Amount of Income$1,368,328
Form 990 Revenue Amount$62,903
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Student Exchange and Aid


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Amount of income in 2013: $1,368,328 (it was $320,123 in 2012)
East West Foundation Inc: 

 $1,368,328
Other organizations performing similar types of work: 

 $604,197

Assets in 2013: $2,882,278 (it was $2,815,825 in 2012)
East West Foundation Inc: 

 $2,882,278
Other organizations performing similar types of work: 

 $369,841

Expenses in 2013: $183,949
This organization: 

 $183,949
Other organizations performing similar types of work: 

 $635,943

Income to expenses ratio in 2013: 7.4
East West Foundation Inc: 

 7.4
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 0.1%
This organization: 

 0.1%
Other organizations performing similar types of work: 

 2.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$144,922$144,822$0
Contributions, gifts, grants, etc., received$100
Interest on savings and temporary cash investments$2,099
Dividends and interest from securities$41,509
Gross rents$0
Gross sales price for all assets$1,330,534
Gross profit from sales of goods$0
Other income$-5,914
Other$107,128
Total expenses and disbursements$183,949$22,810$0$161,039
Compensation of officers, directors, trustees, etc.$24,000
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$8,576
Interest$0
Depreciation$100
Occupancy$45,390
Travel, conferences, and meetings$21,081
Printing and publications$0
Total operating and administrative expenses$147,449$22,810$124,539
Contributions, gifts, grants paid$36,500
Excess of revenue over expenses and disbursements$-39,027
Net investment income$122,012
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$2,822,316$2,822,316$2,815,825$2,815,825$2,882,278$2,882,278
Cash - non-interest-bearing$448,328$17,275$12,087
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$1,770,102$1,928,836$2,107,860
Other assets$0$0
Total liabilities$3,854$7,376$5,842
Mortgages and other notes payable$0$0$0
Other liabilities$3,642$398
Total liabilities and net assets/fund balances$2,818,462$2,808,449$2,876,436
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$1,126$28,373$107,128
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$241$466$1,220
Total credits and payments$5,200$4,959$4,493
Current year estimated tax payments and previous year's overpayment credited to current year$5,200$4,959$4,493
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$4,493$3,273
Amount to be credited to next year's estimated tax$4,959$4,493$3,273
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$2,624,482$2,462,947$2,541,363
Net value of noncharitable-use assets$2,426,003$2,503,243
Minimum investment return$129,256$121,300$125,162
Distributable Amount
201120122013
Distributable amount$129,015$120,834$123,942
Undistributed Income
201120122013
Distributable amount for this year$129,015$120,834$123,942
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$2,099$0
Dividends and interest from securities$41,509$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Tsinghua Education Foundation N A Inc2200 Sand Hill Rd Ste 160, Menlo Park, CA 94025-6936CA1998-04$42,276,295
2School Year Abroad Inc120 Water St Ste 310, North Andover, MA 01845-2650MA1977-01$13,219,676
3The International Student Exchange Programs, Isep1655 N Fort Mayer Dr, Arlington, VA 22209-3113VA1997-11$9,280,248
4South Africa Partners Inc89 South St Ste 701, Boston, MA 02111-2746MA1998-03$5,004,093
5Students InternationalPO BOX 2733, Visalia, CA 93279-2733CA1995-03$4,152,269
6Medical Education Cooperation With CubaPO BOX 361449, Decatur, GA 30036-1449GA1998-12$4,004,288
7Georgia Rotary Student Program IncPO BOX 61327, Savannah, GA 31420-1327GA1963-11$3,943,988
8Worldteach IncOne Brattle Sq Ste 550, Cambridge, MA 02138-3723MA1992-03$3,215,891
9Sts Foundation100 Main St Ste 420, Concord, MA 01742-2528MA1986-05$1,753,904
10Swedish Program In Organizational Studies And Policy Inc198 College Hill Rd, Clinton, NY 13323-1218NY1989-05$1,732,992
11East West Foundation Inc3475 Piedmont Rd Ne Ste 1500, Atlanta, GA 30305-2913GA1981-10$1,368,328
12World Heritage International Student Exchange Programs Inc277 Lower Cliff Dr, Laguna Beach, CA 92651-1824CA1982-02$1,245,460
13Rhodes Trust, Gutter La CheapsideOxford Ox1 3rg, Arubainternational1961-01$780,000
14Terra Lingua, Terra Lingua Usa3 Helen Rd, Terryville, CT 06786-7033CT1998-04$701,088
15United States-Japan Bridging Foundation Inc1201 15th Street Nw, Washington, DC 20005-2899DC1998-07$588,368
16The Italian Student Loan Fund Corp00186 Rome, Italyinternational1980-02$398,579
17Spoleto Study Abroad10600 Brownsburg Pl, Raleigh, NC 27613-6356NC1998-03$396,489
18Consortium For Global Education Inc200 Ashford Ctr N Ste 305, Atlanta, GA 30338-2682GA2000-01$251,502
19Global Insights Inc1094 Gordon Combs Rd Nw, Marietta, GA 30064-1224GA1997-03$163,743
20Rotary Club Foundation Of Camden County IncPO BOX 1415, Kingsland, GA 31548GA1991-09$0
Number of organizations performing similar types of work
Arkansas1
Arizona2
California22
Colorado1
Connecticut4
District of Columbia8
Florida4
Georgia6
Iowa1
Illinois5
Indiana3
Kansas1
Massachusetts14
Maryland3
Maine1
Michigan3
Minnesota4
Missouri19
North Carolina5
North Dakota1
New Jersey8
Nevada1
New York28
Ohio3
Oklahoma2
Oregon5
Pennsylvania9
Tennessee2
Texas5
Utah1
Virginia4
Vermont2
Washington6
Wisconsin2
West Virginia1
Wyoming1
International4
Total192

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