EMW Annual Report 2011

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The results, financial report and donors of East Meets West in 2011

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<ul><li><p>2 0 1 1 a n n u a l r e p o r t</p><p>Thailand Vietnam </p><p>Myanmar Timor Leste</p><p>IndiaPhilippines</p><p>Cambodia </p><p>Laos Cambodia Vietnam </p><p>Myanmar India</p><p>Timor Leste</p><p>Philippines</p><p>Thailand</p><p>Laos </p></li><li><p>p r e s i d e n t s m e s s a g e</p><p>www.eastmeetswest.org</p><p>Im pleased to share with you in the following pages a summary of East Meets Wests many accomplishments in 2011. As we move through 2012, EMWs staff, board, partners and volunteers can look back with justifiable pride on these achievements. While pride in a job well done can and should fuel our efforts, its equally important to guard against complacency. A fast-changing world requires that we continually evaluate not just whether our approach is effective, but whether the problems we are addressing continue to be relevant.</p><p>Ten years ago, after my first trip to Viet-nam as head of EMW, a Vietnam veteran friend asked me about the situation with the Amerasian children left behind by US servicemen. Hed heard that they were treated poorly by the community and by officials, and clearly felt bad about it. I had to remind him that by now those children were in their mid-thirties and likely facing a different set of problems. Oh, right! he said, smacking his hand into his forehead.To remain effective (and avoid smacking our figurative foreheads) EMW, like all development organizations, has to avoid getting so focused on what we do well that we forget the world is constantly changing. To give an obvious example, a few decades ago, the attention of global development experts was focused on helping children attend primary school to achieve basic lit-eracy. In todays world, its increasingly ap-parent that what poor and middle income countries need are large numbers of well-educated young people. In places where EMW works, from India to the Philip-pines and Vietnam, there is both a large amount of underemployment and a drastic shortage of skilled labor.What these countries lack, I would argue, are colleges able to provide a decent edu-cation at a reasonable price to a significant percentage of high school graduates. And what young people from disadvantaged backgrounds now need is not help going to </p><p>Warm Regards,</p><p>John Anner President East Meets West</p><p>primary school (governments by and large have done a reasonable job at this, with some notable exceptions), but help staying in high school and moving on to college.So Im very happy to report that in 2011, EMWs high school scholarship program supported almost 8,000 students. And Im equally pleased to announce that in 2012 we are launching our first significant program to assist a group of very motivated, accomplished high school graduates to go to college paying for their tuition, room and board. If you have a child attending college in the United States, youre in for some reverse sticker shock. In Vietnam, where EMW is piloting the program, $1,000 a year covers it all. This year we expect to sup-port a few dozen young people (all guaranteed full four-year support), and hope to see the program grow from there. At EMW, we cultivate a very necessary double vision. We keep one eye firmly on our programs, ensur-ing they produce cost-effective, durable and verifiable results. We keep the other eye on trends in the areas we work in, both in terms of programs and geography. The world is constantly changing, and we need to change with it lest we find ourselves solving yesterdays problems.As always, thank you so much for your con-tinued support of the children and families EMW works with in Asia, and if you would like to support one of these fine young college hopefuls, please let me know.</p><p>the power of a donation to east meets west</p><p>EMW PRESIDENT JOHN ANNER WITH SPELL STUDENT</p></li><li><p>the poorest familiesmulti-year </p><p>have </p><p>340</p><p>49,000</p><p>55,000</p><p>103,000scholarships. </p><p>John Anner President, East Meets West</p><p>www.eastmeetswest.org</p><p>r e s u l t s i n 2 0 1 1</p></li><li><p>= </p><p>1988</p><p>2011</p><p>www.eastmeetswest.org</p><p>w h e r e w e w o r k</p></li><li><p>20 1 0 a n n u a l r e p o r tr e s u l t s 2 0 1 1</p><p>expenditures by functional area</p><p>n programs 92%n management 3% &amp; general n fundraising 5%</p><p>n individuals 13%n institutions 51%n in-kind 6%n corporations 6%n foundations 24%</p><p>revenue sources 2011</p><p>www. e a s t m e e t sw e s t . o r g</p><p>92</p></li><li><p>f i n a n c i a l s 2 0 1 1 f i n a n c i a l s 2 0 1 1</p><p>Income and expenses are for both the East Meets West and Reach Vietnam. Restricted funds are designated for specific programs or projects. Unrestricted funds can be used for any purpose.</p><p>CONSOLIDATED STATEMENT OF ACTIVITIES EAST MEETS WEST &amp; REACH VIETNAMFOR THE YEAR ENDED DECEMBER 31, 2011</p><p>UNRESTRICTED TEMPORARILY TOTAL RESTRICTED</p><p>SUPPORT &amp; REVENUE</p><p>Donations $155,077 $3,274,947 $3,430,024</p><p>Grants 3,699,791 1,199,928 4,899,719</p><p>Investment income 99,916 - 99,916</p><p>In-kind donations 1,096,833 - 1,096,833</p><p>Net assets released from restrictions 8,756,648 (8,756,648) -</p><p>Total Support &amp; Revenue $13,808,265 $(4,281,773) $9,526,492</p><p>EXPENSES</p><p>Program services $12,484,315 - $12,484,315</p><p>Management &amp; general 429,339 - 429,339</p><p>Fundraising 674,559 - 674,559</p><p>Total Expenses $13,588,213 - $13,588,213Changes in net assets 220,052 (4,281,773) (4,061,721)</p><p>Net assets at beginning of year 4,882,407 21,487,030 26,369,437</p><p>Net Assets at End of Year $5,102,459 $17,205,257 $22,307,716 </p><p>www. e a s t m e e t sw e s t . o r g</p></li><li><p>f i n a n c i a l s 2 0 1 1</p><p>Reach Vietnam is a subsidiary of East Meets West. Restricted funds are designated for specific programs or projects. </p><p>Unrestricted funds can be used for any purpose.</p><p>CONSOLIDATED STATEMENT OF NET ASSETS EAST MEETS WEST &amp; REACH VIETNAMFOR THE YEAR ENDED DECEMBER 31, 2011</p><p>ASSETS</p><p>Cash and cash equivalents $5,842,097</p><p>Grants and accounts receivable (net) 7,856,169</p><p>Investments at fair value 9,197,777</p><p>Other current assets 63,430</p><p>Property and equipment (net) 11,626</p><p>Total Assets $22,971,099</p><p>LIABILITIES AND NET ASSETS</p><p>LIABILITIES</p><p>Accounts payable &amp; accrued expenses $314,256</p><p>Accrued payroll and other benefits 249,127 </p><p>Loan Payable 100,000</p><p>Total Liabilities $663,383 NET ASSETS</p><p>Unrestricted net assets $5,102,459</p><p>Temporarily restricted net assets 17,205,257</p><p>Total Net Assets $22,307,716</p><p>Total Liabilities and Net Assets $22,971,099</p><p>www. e a s t m e e t sw e s t . o r gwww. e a s t m e e t sw e s t . o r g</p></li><li><p>$100,000 +ORGANIZATIONS Albatros Foundation Amici Della Neonatologia Trentina AusAID Institut Europeen de Cooperation et de Developpement Ronald McDonald House Charities The Atlantic Philanthropies The Boeing Company The Ford Foundation The Lemelson Foundation The World Bank USAID </p><p>INDIVIDUALS </p><p>Jack &amp; Rose-Marie Anderson Neil Barsky &amp; Joan Davidson Eric Hemel &amp; Barbara Morgen John &amp; Tina Keker Gil &amp; Barbara Kemp</p><p>n n n</p><p>$99,999 TO $25,000ORGANIZATIONS Blue Planet Network Dai-Ichi Life Henry E. Niles Foundation Linfox Prudential Vietnam Assurance Private Ltd Smart Tulip Foundation Surya Carpet Incorporated /Satya Tiwari The Ford Foundation University of North Carolina at Chapel Hill Vietnam Education Society VNHelp </p><p>INDIVIDUALS Lien &amp; Martin Cibulka Jerome &amp; Nancy Falk George Miller &amp; Janet McKinley Steven Reynolds &amp; Susan Wolf </p><p>d o n o r s 2 0 1 1d o n o r s 2 0 1 1</p><p>$24,999 TO $10,000 ORGANIZATIONS</p><p>Center for the Encouragement of Self Reliance</p><p>Friends of Danang</p><p>Intel Products Co, Ltd.International Children Assistance Network Morrison &amp; Foerster FoundationMTTS Piedmont Community ChurchShinoda Junko Femin GroupSingapore International School Vietnam Talisman Co, Ltd.The Greenwood Company INDIVIDUALSCharles Gilreath Stephen Gunther &amp; Linda EssakowPaul Huddleston &amp; Dori BoudreauFrederick Khedouri &amp; Sarah GlazerLuciano MocciaRichard Osman &amp; Trang LePeter Singer &amp; Marjorie Kagawa-Singer</p><p> n n n</p><p>$9,999 TO $5,000</p><p>ORGANIZATIONS</p><p>BBGV Climb for a CauseKeker Family Foundation</p><p>Mr. Dam &amp; EmOlympus Pacific Minerals, Inc.PATH Smart Tulip FoundationSummit Preparatory Charter High SchoolThe DOVE Fund</p><p>INDIVIDUALS</p><p>John &amp; Devora AnnerWilliam BucholtzWilliam &amp; Phyllis DraperLawrence &amp; Judith GlendinningJohn GulickBarbara KafkaDaniel KnoxThomas Low &amp; Priscilla JoeAlexander NguyenThu NguyenDan &amp; Paula ReingoldSteven &amp; Mary Swig</p><p>n n n</p><p>$4,999 TO $1,000 ORGANIZATIONS</p><p>ABC International SchoolAsian Americans &amp; Pacific Islanders in PhilanthropyCanada RocksCanadian Chamber of Commerce VietnamDisability Sport and RecreationEngineers Without Borders - AustraliaErik Niemann Paintings &amp; PhotographyErnst &amp; Young LLPFedEx Representative OfficeFriends of the Central HighlandsFriends of the Vinh Son Montagnard Catholic OrphanageGlassybabyHale School</p><p>www. e a s t m e e t sw e s t . o r g</p></li><li><p>d o n o r s 2 0 1 1</p><p>Health Care &amp; CommunicationsHealth Research for ActionHeart of Hope InternationalHope Lutheran ChurchIBM Employee Charitable Contribution CampaignInternational Water ForumLinon Home Decor Products, IncLivingry FoundationMichael E. Low Physical TherapyNikko Hotel, HanoiOsprey PacksPiedmont Community ChurchQualcomm, Inc.Rotary Club of Fishermans Wharf - SFRotary Club of Jasper, ABRotary Club of the Valley of the Moon, CARotary of Novato, CASeattle 4 RotarySevenoaks SchoolTauck Romano Innovative Philanthropy, Inc.The Anderson Fund FoundationUNICEF Vietnam</p><p>INDIVIDUALS</p><p>Carolyn Akinbami &amp; Steven LeesDavid Axelrad &amp; Liza BercoviciBrantly Baynes Jack Bernard &amp; Marilynn WestermanMichael BlumsteinPeter &amp; Alice BronerWilliam &amp; Debby BrownDavid CassidyMark Conroy &amp; Tam HoangMary Jo CookWendy Crisafulli &amp; Steve CalhounPaul Dempsey</p><p>James DietzenbachLaureen DistefanoLawrence &amp; Kim DongGeorge &amp; Dale DrugerEdward FilangeriGary FriedmanRachelle Galloway-Popotas &amp; Vassilis PopotasRob GertlerGary &amp; Virginia GodleyJeff GordmanAmanda Hamilton &amp; Tim HemmeterMark &amp; Janet HersheyBlaine HondaMichael HorowitzChelsey Ingenito-Fields &amp; Ian FieldsCosimo JencksRichard &amp; Ingrid KaiserDaniel Kaplan &amp; Kay RichmanG. Marcus &amp; Pamela KnightLuis &amp; Lee LainerGenette &amp; Bruce LiebTom LindauerTom Lockard &amp; Alix MarduelRusty MatherJorge MestmanEllen Miller-Wachtel &amp; Alan WachtelMatthias MorbachRick MortonPeter &amp; Suzanne NelsonJeffrey Newman &amp; Mary MontellaMinh NguyenStephen NguyenLorraine ParmerThomas PhamEdward &amp; Sandy PickettGeorgia &amp; William PollakCharles RiceRobert Riordan &amp; Spring HillDana SachsTodd SasakiGus Schwed &amp; Lucy Harrington</p><p>Stan &amp; Paulette ShulmanMark Sollek &amp; Kimberly McNallyKeith SoukkalaKen Stones &amp; Diana WegnerJoe SwindlehurstKhanh TranKimberly &amp; Jeremy TroggioAnn Truong &amp; Terry HallKhai Vu Quyen VuongTownsend Walker &amp; Beverly MillsJack &amp; Kanitta WellsRichard &amp; Lan Wilkerson</p><p>n n n</p><p>UNDER $1,000ORGANIZATIONSAmerican Century Investments Foundation</p><p>American International SchoolAmerigives Matching Gift CenterBank of the WestBarr Charitable FoundationBen Daviscourt Memorial FundBlurb, Inc.Cars 4 CausesConocoPhillipsGlobal Dental Educational Medical MinistriesH &amp; K Italian Specialties, LLCInternational School Saigon PearlJeffrey A. Parker &amp; AssociatesJPMorgan Chase FoundationKaiser Permanente Community Giving CampaignKOA BooksLake Local School DistrictManagement Recruiters of LynnwoodMichelin Company, Ltd.</p><p>Microsoft Matching Gifts ProgramNetwork for GoodPearson Inc.Philip Morris Intl Management, S.A.Robin Tauck &amp; PartnersSino Restaurant &amp; LoungeSocola ChocolatesSPIRAL FoundationTexas Tech Vietnamese Student AssociationThe Coffee Bean &amp; Tea LeafTTF FoundationVietDreams</p><p>INDIVIDUALSJudith AbelesJoseph AcanforaGerald &amp; Corinne AdlerFidel &amp; Prudencia AlfonsoRobert AllenJodi AltendorfAndreas Altmann Linda &amp; Robert AmbroseRichard &amp; Heather AmesJohn &amp; Rosemarie AnnerMark AnnerLaura &amp; Perry ApelbaumRay ArcherJP Archie Wanda &amp; Alonzo ArcosAlejandro Armendariz Jerald &amp; Virginia BachmanJoseph Baggette V. David BakerGordon BarronGaylen BaxterLenore BeakyJohn &amp; Mary Louise BeltraniShelley BergumRichard Berkman &amp; Toni SeidlBrent BernardThorsten BerningerBrooke BerosCorinna BerssenIan Black Amanda BloomWilliam Bond</p><p>www. e a s t m e e t sw e s t . o r g</p></li><li><p>d o n o r s 2 0 1 1 d o n o r s 2 0 1 1</p><p>Raymond &amp; Verena BortonRebecca BoultonDick BradleyRalph &amp; Venus Bravo De RuedaLauren BrennerFrancine BrevettiMargaret BriggsJoseph &amp; Judith BrillGeorge BrogdonSandy BrownTyler BrownMary Sue &amp; S.A. BrubakerRichard Brummett &amp; Skye BurnNgan Bui &amp; Lam TranGloria BurtSepheen ByronDavid CainCarl CanningMichael CantorChau Cao Donald CapinAlan CarpienAmy CarrascoTerrill CasciaVernon Chaplin Si Chen Vincent CheungCatharine Ching &amp; Mike SanbongiAndy ChuArthur &amp; Stephanie ClancyDavid ClarkCarolyn Cohen &amp; Alan DershowitzTerry CollingtonCarla ComminsChristopher CorsigliaRoger CostelloDianne &amp; David CountrymanShari CountrymanCharles CraftStephen CraxtonCarlton &amp; Linda CrenshawAmy CrichtonLaura CrichtonKeenan CrossJames CunninghamJames CurtinSarah DarleyMark DaunerKarren DavisDana Davoli</p><p>Maria De MartiniDianne de MottAmy DeCewRaffaella DeTrizio Barman Danielle DiCaraBruce &amp; Bernice DinnerCharles DiSogra &amp; Susan DuffeyL Quentin DixonLisa DodgeStefanie DoerrNoreen DoloughtyLaura DoppAnn DoublierJohn &amp; Lois DreelanMaureen DumserFrances Dunwell &amp; Wesley NatzleThuy DuongSharon &amp; Marc DyerPascal EasonJoanne EcclesAlison EdwardsAlbert EisenbergSusan Eisner &amp; Joseph LeeNeil ElliottPhillip ElrodAlex &amp; Gloria EspinozaThomas EusterbrockMichele Evoy-LaneJoanne &amp; John FaheyRobert FaineKatherine FalkRichard Falk &amp; Francine Falk-AllenSusanna Falk &amp; Ashley KennedyDuyen FariaRobert FassbenderAlexander FeldmanMark FensterJean FergusonLinda FisherEthan &amp; Sari FogelLawrence &amp; Elizabeth ForteRobert FrankLinda FredericksDao &amp; Michael FrenchMattie &amp; Warren FrenchDiane FriesPeter GalbraithNigel GamageCatherine Ganley</p><p>Dennise GarciaRichard &amp; Kathy GariepySigmund &amp; Carol GastDavid &amp; Alison GellesCatherine GiffordKellda &amp; Duane GilesCharles GinsbergJoseph GoenagaKatharina GoesslingPatrick GoguenJenna GoldbergVictor Goldberg &amp; Patricia WaldeckElaine Goldman Kathryn &amp; Marvin GoldsmithJudy &amp; Dane GordonVirginia GreenRichard &amp; Lorrie GreenePhilipp GruenerJudith GuffeySanassan GugasianAnn HaecklJames HainesNancy HammettRandolph &amp; Joanne HankamerAmy &amp; Thomas HanrahanE. &amp; Joe HansonMargaret &amp; Roger HarrellJohn HarrisAllen &amp; Susan HasseRichard HastieDan &amp; Van HaynesJohn &amp; Mary Alice HeaneyBernhard HeckRoslyn HeesJoseph &amp; Alicia HeilPat HellmanAlbert &amp; Hertha HemelRay HendersonNancy HenningsenDavid HerschfeldJerome &amp; Fleurette HershmanEllen Hertzmark &amp; S. GedwiserRoger &amp; Barbara HillAgnes HiseyAndy HoangJoseph HolewaLarry &amp; Sandra Honomichl</p><p>Jasper HooijerRichard &amp; Rebecca HornerRichard HorvitzJames &amp; Judy HowerJing HuangYolin HuangAllen HueskeDavid HurwitzPeter Hutcher &amp; Theresa CorreiaVelma HuttonHue HuynhRichard &amp; Odette HydeChristine IngleSheila IraniJack &amp; Harriet IzowerBeverly &amp; John JanusKaia JerdeAustin JohnsonThomas KaschakRaymond KeelingChristin KehoeStewart KempJohn &amp; Nancy KemptonMarilyn &amp; Mark KesslerLee Ketelsen &amp; Adam ParkerSandra KiyomuraSusanne KlingerRini Kok Martha KokesMarc KrizackAnn KuhnsCalman &amp; Jane KurtzmanJack KustraAndy KwanDiane LamKhai Lam James LampertWilliam &amp; Barbara LarsenBinh Le Chinh Le Hans-Duc LeMark Le My Le Rachel Le Tuan Le &amp; Huong NguyenCarol Lee Marth...</p></li></ul>