Institute Of Current World Affairs Inc
- Assets
- $8.6m
- Revenue
- $699.5k
- Investments
- $8.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1932
- Data as of
- 12/2023
- EIN
- 13-1621044
Organization Overview
Institute Of Current World Affairs Inc is located in Washington, DC. The organization was established in 1932. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Current World Affairs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institute Of Current World Affairs Inc generated $699.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $794.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute Of Current World Affairs Inc has awarded 52 individual grants totaling $1,482,326. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OF CURRENT WORLD AFFAIRS ADVANCES AMERICAN UNDERSTANDING OF INTERNATIONAL CULTURES AND AFFAIRS BY SENDING OUTSTANDING YOUNG PROFESSIONALS ABROAD ON TWO-YEAR INDEPENDENT WRITING FELLOWSHIPS TO STUDY COUNTRIES, REGIONS AND GLOBALLY IMPORTANT ISSUES. OUR ALUMNI HAVE BECOME SOME OF THIS COUNTRY'S LEADING JOURNALISTS, SCHOLARS, DIPLOMATS, ACTIVISTS AND BUSINESSPEOPLE. ICWA NURTURES THE KIND OF DEEP UNDERSTANDING FUTURE GENERATIONS WILL NEED TO ENSURE AMERICA'S ROLE IN THE WORLD IS INFORMED BY WISDOM, FORESIGHT AND COMPASSION.FOR THE YEAR ENDED DECEMBER 31, 2023, THE INSTITUTE OF CURRENT WORLD AFFAIRS SUPPORTED SIX FELLOWSHIPS BY PROVIDING FELLOWS WITH LIVING EXPENSES, INSURANCE, AND DISTRIBUTION OF THEIR REPORTS, IN ADDITION TO CONVENING PUBLIC EVENTS INSPIRED BY THEIR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Rahe Chair | 2 | $0 | |
Onyinye Edeh Secretary | 2 | $0 | |
Bill Rielly Treasurer | 2 | $0 | |
Jeffrey Gedmin Trustee | 2 | $0 | |
Chi-Chi Zhang Trustee | 2 | $0 | |
Bacete Bwogo Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $459,233 |
| Interest on Savings | $0 |
| Dividends & Interest | $211,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,047 |
| Capital Gain Net Income | $27,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,244 |
| Total Revenue | $699,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $209,816 |
| Other employee salaries and wages | $18,965 |
| Pension plans, employee benefits | $44,033 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,361 |
| Occupancy | $62,427 |
| Travel, conferences, and meetings | $82,118 |
| Printing and publications | $0 |
| Other expenses | $126,721 |
| Total operating and administrative expenses | $635,049 |
| Contributions, gifts, grants paid | $158,949 |
| Total expenses and disbursements | $793,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,719 |
| Savings and temporary cash investments | $155,211 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,528 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,630 |
| Other assets | $275,301 |
| Total assets | $8,618,565 |
| Accounts payable and accrued expenses | $13,969 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $403,895 |
| Total liabilities | $417,864 |
Grants Awarded
Over the last fiscal year, Institute Of Current World Affairs Inc has awarded $158,949 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARON OUZILEVSKI PURPOSE: FELLOWSHIP | $29,575 |
PRACHI VIDWANS PURPOSE: FELLOWSHIP | $20,193 |
JAMES COURTRIGHT PURPOSE: FELLOWSHIP | $29,776 |
JOSHUA LEVKOWITZ PURPOSE: FELLOWSHIP | $21,872 |
STEVEN TAGLE PURPOSE: FELLOWSHIP | $32,675 |
EDRIC HUANG PURPOSE: FELLOWSHIP | $24,858 |