Institute Of East-West Medicine
- Assets
- $101.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1997
- Data as of
- 12/2018
- EIN
- 13-3929019
Organization Overview
Institute Of East-West Medicine is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of East-West Medicine 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 12/2018, Institute Of East-West Medicine generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $6.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (57.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
NO PROGRAM SERVICE IN 2018
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Y Chang MD Executive Director | 0.5 | $0 | |
Peter Wong Director | 0.2 | $0 | |
Ben Kong MD Director | 0.1 | $0 | |
Wei Zen Sun MD Director | 0.1 | $0 | |
Hiu Kwan Tam Treasurer | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,330 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,991 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,321 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,000 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $2,546 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,014 |
| Total expenses | $6,310 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,441 |
| Other assets | $0 |
| Total assets | $101,441 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,441 |
Grants Awarded
Over the last fiscal year, Institute Of East-West Medicine has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NY ZEN CENTER FOR CONTEMPLATIVE CARE PURPOSE: Support training programs to teach Eastern contemplative techniques for healing and relaxation to Western Healthcare and social work professionals and facilitate their work with griefing or dying patients in the West | $25,000 |
BROOK HOLLOW PRODUCTIONS PURPOSE: Produce media and web content focusing on efforts to develop a sustainable supply of Ayurvedic herbs from India to the West | $25,000 |