JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
FINANCIAL STATEMENTS AND INDEPENDENTACCOUNTANTS’ REVIEW REPORTYEARS ENDED JUNE 30, 2020 AND 2019

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
FINANCIAL STATEMENTS AND
INDEPENDENT ACCOUNTANTS’ REVIEW REPORTYEARS ENDED JUNE 30, 2020 AND 2019

Table of Contents
Page No(s).
Independent Accountants' Review Report.........................................................................

3

Financial Statements
Statements of Financial Position ..................................................................................

4

Statements of Activities and Changes in Net Assets ....................................................

5

Statements of Cash Flows ............................................................................................

6

Notes to the Financial Statements ................................................................................ 7 - 16
Supplementary Information .............................................................................................

17

Independent Accountants’ Report on Supplementary Information .................................. 18
Schedules of Functional Expenses ............................................................................. 19 - 20

2

INDEPENDENT ACCOUNTANTS' REVIEW REPORTTo the Board of Directors ofJapan Center for International Exchange, Inc.
New York, New YorkWe have reviewed the accompanying financial statements of Japan Center for International
Exchange, Inc. (a not-for-profit organization), (the “Center”), which comprise of the statementsof financial position as of June 30, 2020 and 2019, and the related statements of activities andchanges in net assets and cash flows for the years then ended, and the related notes to thefinancial statements.
A review includes primarily applying analytical procedures tomanagement’s financial data and making inquiries of the Center’s management. A review issubstantially less in scope than an audit, the objective of which is the expression of an opinion
regarding the financial statements as a whole. Accordingly, we do not express such an
opinion.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial
statements in accordance with accounting principles generally accepted in the United States ofAmerica; this includes the design, implementation, and maintenance of internal control relevantto the preparation and fair presentation of financial statements that are free from material
misstatement whether due to fraud or error.
Accountants' Responsibility
Our responsibility is to conduct the review engagements in accordance with Statements onStandards for Accounting and Review Services promulgated by the Accounting and Review
Services Committee of the AICPA. Those standards require us to perform procedures toobtain limited assurance as a basis for reporting whether we are aware of any material
modifications that should be made to the financial statements for them to be in accordancewith accounting principles generally accepted in the United States of America. We believe thatthe results of our procedures provide a reasonable basis for our conclusion.
Accountants' Conclusion
Based on our reviews, we are not aware of any material modifications that should be made to
the accompanying financial statements in order for them to be in accordance with accounting
principles generally accepted in the United States of America.

L.M. Cohen & Co.
February 25, 2021
3

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
STATEMENTS OF FINANCIAL POSITIONJUNE 30, 2020 AND 2019
2020

2019

ASSETS
Current assets
Cash
Investments, at fair value
Pledges receivable
Advances to JCIE - Japan
Prepaid expenses
Due from JCIE - Japan

$

211,899
1,008,525
86,000
153
2,628
-

$

215,606
945,355
93,00064,5875,307
8,250

Total current assets

1,309,205

1,332,105

Property and equipment, net
Security deposits

196,059
7,493

219,125
7,493

Total assets$

1,512,757$

1,558,723$

22,37444,36764,800131,541

$

3,494
3,494

LIABILITIES AND NET ASSETS
Current liabilities
Accrued expenses and other current liabilities
Due to JCIE - Japan
Paycheck Protection Program loan
Total current liabilities
Net assets
Without donor restrictions
With donor restrictions
Total net assets
Total liabilities and net assets

1,200,844
180,372
1,381,216$

1,512,757

1,252,557
302,672
1,555,229$

See Independent Accountants' Review Report and Notes to the Financial Statements.

1,558,723

4

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETSYEARS ENDED JUNE 30, 2020 AND 20192020
Changes in net assets without donor restrictions:
Revenues and gains
Contributions
Interest and dividend income
Net realized and net change in unrealized gains on investments
Other income
Total revenues and gains without donor restrictions$

505,961
21,66353,199
357

2019

$

229,270
25,32362,163483

581,180

317,239

302,672

623,677

Total revenues, gains and other support
without donor restrictions

883,852

940,916

Expenses
Program services
Human Security and Global Cooperation
Global Think Net
Civil Net and Grass Roots
Political Leadership Exchange
Earthquake Relief and Recovery

391,382
328,867
87,3289,464-

475,762
106,277
87,746
81,093
3,984

Total program services

817,041

754,862

Supporting services
Management and general

118,524

58,208935,565

813,070

Changes in net assets without donor restrictions(51,713)

127,846

Changes in net assets with donor restrictions:Contributions
Net assets released from restrictions

180,372(302,672)

120,432(623,677)

Changes in net assets with donor restrictions(122,300)(503,245)

Net changes in net assets(174,013)(375,399)

Total net assets - beginning of year

1,555,229

1,930,628$ 1,381,216$ 1,555,229

Net assets released from restrictions
Satisfaction from program restrictions

Total expenses

Total net assets - end of year

See Independent Accountants' Review Report and Notes to the Financial Statements.

5

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC
STATEMENTS OF CASH FLOWSYEARS ENDED JUNE 30, 2020 AND 20192020
Cash Flows from Operating Activities
Net changes in net assets
Adjustments to reconcile net changes in net assets to
net cash (used in) provided by operating activities:
Depreciation
Net realized and net change in unrealized gains on investments
Changes in operating assets and liabilities:
Pledges receivable
Advances to JCIE - Japan
Prepaid expenses
Due from JCIE - Japan
Security deposits
Accrued expenses and other current liabilities
Due to JCIE - Japan
Total adjustments$(174,013)

2019$(375,399)

23,066(53,199)

11,533(62,163)

7,000
64,4342,679
8,250
18,88044,367
115,477

428,680
12,035
4,557
6,704
20,944(10,528)
411,762

Net cash (used in) provided by operating activities(58,536)

36,363

Cash Flows from Investing Activities
Acquisition of property and equipment
Purchase of investments
Proceeds from sale of investments
Proceeds from Paycheck Protection Program loan

(170,996)
161,02564,800(230,658)
265,756-

54,82935,098(3,707)

71,461

215,606

144,145

Net cash provided by investing activities
Net change in cash
Cash - beginning of year
Cash - end of year$

211,899

See Independent Accountants' Review Report and Notes to the Financial Statements.

$

215,606

6

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 1 -NATURE OF OPERATIONSJapan Center for International Exchange, Inc. (a not-for-profit organization), (the "Center") was
incorporated in June 1976 as a non-profit corporation chartered by the State of New York.
The Center was created for the purpose of promoting, enhancing and contributing to theadvancement of world peace, international cooperation and mutual understanding between
Japan and the United States in political, social, cultural and other areas.
NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of Presentation
The Center follows the requirements of the Not-for-Profit Entities, Presentation of Financial
Statements Topic of the Financial Accounting Standards Board (FASB) Accounting Standards
Codification (ASC) Topic 958. Under this Topic, the Center is required to report information
regarding its financial position and activities according to two classes of net assets, net assets
without donor restrictions and net assets with donor restrictions.
Cash and Cash Equivalents
For purposes of the statement of cash flows, the Center considers all highly liquid instruments
available for current use with an initial maturity of three months or less to be cash equivalents.
Investment Valuation and Income Recognition
Investments in mutual funds are valued at the net asset value of the shares held by the Centerat year-end and are reported at their fair values in the statements of financial position. Netchange in unrealized gains and losses are included in the statements of activities and changes
in net assets. Interest income is reported on the accrual basis. Dividends are recorded on the
ex-dividend date. Investment income and gains restricted by a donor are reported asincreases in net assets without donor restrictions if the restrictions are met (either by passageof time or by use) in the reporting period in which the income and gains are recognized.
Fair Value Measurements
The accounting standards define fair value, establish a framework for measuring fair value,
outline a fair value hierarchy based on inputs used to measure fair value and enhance
disclosure requirements. The fair value hierarchy distinguishes between market participant
assumptions based on market data obtained from sources independent of the reporting Center(observable inputs that are classified within Level 1 or 2 of the hierarchy) and the reporting
Center’s own assumptions about market participant assumptions (unobservable inputs
classified within Level 3 of the hierarchy).

See Independent Accountants’ Review Report.

7

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fair Value Measurements (Continued)-

Level 1 inputs are quoted prices in active markets for identical investments thatmanagement has the ability to access at the measurement date.

-

Level 2 inputs are inputs other than quoted prices included within Level 1 that are
observable for the investment, either directly or indirectly.

-

Level 3 inputs are unobservable inputs for the investment.

Financial assets and liabilities are categorized based on the lowest level of input that issignificant to the fair value measurement. The Center’s assessment of the significance of aparticular input to the fair value measurement requires judgement, and may affect thevaluation of the fair value of assets and liabilities and their placement within the fair value
hierarchy levels.
Contributions
The Center complies with the FASB issued Accounting Standards Update (ASU) 2018-08,
Not-for-Profit Entities (ASC Topic 958): Clarifying the Scope and the Accounting Guidance forContributions Received and Contributions Made. ASU 2018-08 clarifies the guidance for
evaluating whether a transaction is reciprocal (an exchange transaction) or nonreciprocal (acontribution) and for distinguishing between conditional and unconditional contributions.
Contributions are recognized when the donor makes a promise to give to the Center that is, insubstance, unconditional. Contributions that are restricted by the donor are reported asincreases in net assets without donor restrictions if the restrictions are met in the fiscal year inwhich the contributions are recognized. All other donor-restricted contributions are reported asincreases in net assets with donor restrictions depending on the nature of the restrictions.
When a restriction expires, net assets with donor restrictions are reclassified to net assets
without donor restrictions.
Property and Equipment
Property and equipment are stated at cost, less depreciation and amortization. The cost ofadditions and improvements is capitalized and expenditures for repairs and maintenance are
expensed as incurred. Fully depreciated assets are retained in property and depreciationaccounts until they are removed from service. When assets are retired or otherwise disposedof, their cost and related accumulated depreciation and amortization are removed from theaccounts and resulting gains or losses are included in operations. Depreciation of property andequipment is accounted for using the straight-line method over the estimated useful lives of
the assets. Amortization of leasehold improvements is calculated using the straight-line
method over the shorter of the term of the related lease or the useful lives of the
improvements.
See Independent Accountants’ Review Report.

8

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Use of Estimates
The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to make estimates andassumptions that affect the reported amounts of assets and liabilities and disclosure ofcontingent assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates.
Income Tax Status
The Center is a not-for-profit organization that is exempt from Federal and State income taxes
under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income
taxes has been made in the financial statements.
The Center evaluates the effect of uncertain tax positions, if any, and provides for thosepositions in accordance with the provisions of ASC Topic 450, Contingencies.
Cost Allocation
The financial statements report certain categories of expenses that are attributable to morethan one program or supporting function. Therefore, these expenses require allocation on areasonable basis that is consistently applied. The expenses that are allocated include salaries
and benefits, which are allocated on the basis of estimates of time and effort, as well as othercertain expenses. All other expenses are directly applied to the related program or supporting
service category when identifiable and possible.
Reclassifications
Certain amounts in the prior-year financial statements have been reclassified in order to becomparable with the current year presentation.

See Independent Accountants’ Review Report.

9

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

New Accounting Pronouncements Not Yet Adopted
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (ASC
Topic 606), requiring an entity to recognize the amount of the revenue to which it expects to beentitled for the transfer of promised goods or services to customers. The updated standard
will replace most existing revenue recognition guidance in U.S. generally accepted accounting
principles (U.S. GAAP) when it becomes effective and permits the use of either a full
retrospective or retrospective with cumulative effect transition method. In June 2020, the
FASB issued ASU 2020-05, which defers the effective date of ASU 2014-09 one year, making
it effective for years beginning after December 15, 2019, and interim reporting periods within
annual reporting periods beginning after December 15, 2020. The Center has not yet selecteda transition method and is currently evaluating the effect that the standard will have on thefinancial statements.
In February 2016, the FASB issued ASU 2016-02, Leases (ASC Topic 842). ASC Topic 842
establishes a comprehensive new lease accounting model. The new standard clarifies thedefinition of a lease and causes lessees to recognize leases on the statement of financial
position as a lease liability with a corresponding right-of-use asset for leases with a lease termof more than one year. The new standard requires a modified retrospective transition for
capital or operating leases existing at or entered into after the beginning of the earliest
comparative period presented in the financial statements, but it does not require transition
accounting for leases that expire prior to the date of initial application. In June 2020, the FASB
issued ASU 2020-05, which defers the effective date of ASC Topic 842, making it effective forfiscal years beginning after December 15, 2021, and interim reporting periods within fiscal
years beginning after December 15, 2022. The Center is currently evaluating the impact thatASC Topic 842 will have on the Center's financial statements and related disclosures.

See Independent Accountants’ Review Report.

10

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 3 -INVESTMENTS

The Center complies with the provisions of the FASB ASC Topic 820, Fair Value
Measurements. That framework provides a fair value hierarchy that prioritizes the inputs tovaluation techniques used to measure fair value in various levels. Level 1 consists of
unadjusted quoted prices for identical assets or liabilities in active markets that the Center has
the ability to access.
The following table sets forth by level, within the fair value hierarchy, the Center's assets at fairvalue as of June 30, 2020 and 2019:
Assets at Fair Value as ofJune 30th
2020(Level 1)

2019(Level 1)

Mutual funds:
Blend funds
Fixed income funds
Total

NOTE 4 -$638,674$

369,851$ 1,008,525

606,034
339,321$945,355

PLEDGES RECEIVABLE

Pledges receivable are recorded at fair value. For pledges receivable that are expected to becollected in future years, fair value is the present value of the estimated future cash flows
discounted using a risk free rate. At June 30, 2020 and 2019, pledges receivable were due inless than one year.
Pledges receivable consist of the following as of June 30th:
2020
Pledges with donor restrictions
Pledges without donor restrictions
Total
Amounts due in:Less than 1 year

$

2019

$

86,00086,000$83,00010,00093,000$86,000$93,000See Independent Accountants’ Review Report.

$

11

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 5 -ADVANCES TO JCIE - JAPANThe Center is an affiliate of Japan Center for International Exchange - Japan ("JCIE - Japan").
The Center advanced funds in the amount of $153 and $64,587 at June 30, 2020 and 2019,respectively to be expended by JCIE - Japan within one year for the Human Security andGlobal Cooperation, Civil Net and Grass Roots, and Global Think Net programs.
NOTE 6 -DUE FROM / (TO) JCIE - JAPANThe Center paid for certain program expenses on behalf of their affiliate for joint programs forwhich funding was obtained by the Center. At June 30, 2020 and 2019, the affiliate owed theCenter $-0- and $8,250, respectively. In addition, the affiliate paid for certain program
expenses on behalf of the Center for joint programs for which funding was obtained by theCenter. At June 30, 2020 and 2019, the Center owed the affiliate $44,367 and $-0-,
respectively.
During the years ended June 30, 2020 and 2019, the Center contributed $408,605 and$462,263 to JCIE - Japan, respectively. During the years ended June 30, 2020 and 2019, theCenter received $199,341 and $285,939 from JCIE – Japan, respectively, for reimbursementof funds expended by the Center on behalf of JCIE - Japan.
NOTE 7 -PROPERTY AND EQUIPMENT

Major classes of property and equipment consist of the following as of June 30th:

Leasehold improvements
Less: Accumulated depreciation
Property and equipment, net

Estimated UsefulLives (Years)
10

$
$

2020
230,658
34,599196,059$$2019
230,658
11,533
219,125

Depreciation expense is included within management and general expenses in the amounts of$23,066 and $11,533, for the years ended June 30, 2020 and 2019, respectively.

See Independent Accountants’ Review Report.

12

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 8 -PAYCHECK PROTECTION PROGRAM LOAN

In April 2020, the Center received $64,800 of funding from the Paycheck Protection Program(“PPP”) provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The
PPP was designed to assist small businesses facing economic uncertainties in light of the
COVID-19 crisis to help fund near-term expenses and to retain employees. The PPP is 100%
backed by the Small Business Administration (SBA), and loans issued may be up to 100%
forgivable, based upon specific criteria described in the PPP on how the funds are used. In
November 2020, the Center met the PPP’s eligibility criteria and the loan was fully forgiven.
NOTE 9 -RESTRICTIONS ON NET ASSETS

Net assets with donor restrictions are subject to donor-imposed stipulations that may or will be
met either by actions of the Center and/or the passage of time. Time restricted net assets withdonor restrictions at June 30, 2020 and 2019, were restricted for use by donors for thefollowing purposes:
2020
Human Security and Global Cooperation
programs
Global Think Net programs
Civil Net and Grass Roots programs
Political Leadership Exchange programs
Total

See Independent Accountants’ Review Report.

$

$

6,362
97,5018,450
68,059180,3722019$$

182,240
114,298
6,134
302,672

13

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 10 - LIQUIDITY AND AVAILABILITY OF FINANCIAL ASSETS
The following reflects the Center's financial assets as of the statement of financial positiondate, reduced by amounts not available for general use because of contractual or donorimposed restrictions within one year of the statement of financial position date:Financial Assets as ofJune 30th
Financial assets at year-end
Less those unavailable for general
expenditures within one year due to:
Donor-imposed restrictions
Financials assets available to meet cash needs
for general expenditures within one year

2020

2019

$ 1,306,577$ 1,326,798

180,372

302,672$ 1,126,205$ 1,024,126

As part of the Center's liquidity management, it invests cash in short-term investments such as
mutual funds.
NOTE 11 - RISKS AND UNCERTAINTIES
Concentration of Credit Risk
Financial instruments that potentially subject the Center to concentrations of credit risk consist
principally of cash. The Center deposits its cash in major financial institutions, in amounts
which at times exceed the Federal Deposit Insurance Corporation (FDIC) limit. No losses
have been incurred to date.
COVID-19 Outbreak
On January 30, 2020, the World Health Organization (“WHO”) announced a global healthemergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID19 outbreak”) and the risks to the international community as the virus spread globally beyond
its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic,
based on the rapid increase in exposure globally.

See Independent Accountants’ Review Report.

14

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 11 - RISKS AND UNCERTAINTIES (Continued)
COVID-19 Outbreak (Continued)
The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As
such, it is uncertain as to the full magnitude that the pandemic will have on the Center’s
financial condition, liquidity, and future activities. The Center is actively monitoring the global
situation on its financial condition, liquidity, and activities. Given the daily evolution of the
COVID-19 outbreak and the global responses to curb its spread, the Center is not able toestimate the effects of the COVID-19 outbreak on its activities, financial condition, or liquidity
for future years.
NOTE 12 - COMMITMENTS AND CONTINGENCIES
LeasesThe Center conducts its operations from a facility leased under an operating lease expiring on
December 31, 2028. The lease includes an escalation clause for real estate taxes andoperations.
Minimum future annual rental payments under the noncancelable operating lease as of June30, 2020 are as follows:
Years ending June 30th
2021
2022
2023
2024
2025
Thereafter
Total minimum future rental payments

Amount$ 36,949
37,31837,69138,06838,449137,574$ 326,049

Rent expense for the years ended June 30, 2020 and 2019 amounted to $36,681 and$83,309, respectively.
Tax Returns
The Center files tax returns in jurisdictions it deems appropriate. The returns are subject toaudit by the taxing authorities as long as the statute of limitations remains open.

See Independent Accountants’ Review Report.

15

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC.
NOTES TO FINANCIAL STATEMENTSYEARS ENDED JUNE 30, 2020 AND 2019
NOTE 13 - SUBSEQUENT EVENTSManagement has evaluated subsequent events through February 25 2021, the date thefinancial statements were available to be issued.

See Independent Accountants’ Review Report.

16

SUPPLEMENTARY INFORMATION

17

INDEPENDENT ACCOUNTANTS’ REPORT ON
SUPPLEMENTARY INFORMATION

To the Board of Directors ofJapan Center for International Exchange, Inc.
New York, New YorkOur report on our reviews of the basic financial statements of Japan Center for International
Exchange, Inc. (the “Center”) for 2020 and 2019 appears on page 3. The objective of thereviews were to perform procedures to obtain limited assurance as a basis for reporting whether
we were aware of any material modifications that should be made to the financial statements forthem to be in accordance with accounting principles generally accepted in the United States ofAmerica. The supplementary information included on pages 19 and 20 is presented for
purposes of additional analysis and is not a required part of the basic financial statements. Suchinformation is the responsibility of management. We have not audited or reviewed suchinformation and we do not express an opinion, a conclusion, nor provide any assurance on it.

L.M. Cohen & Co.
February 25, 2021

18

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC
SUPPLEMENTARY INFORMATIONSCHEDULE OF FUNCTIONAL EXPENSESYEAR ENDED JUNE 30, 2020
Supporting
Services

Program Services
Human Security
and Global
Cooperation
Salaries and benefits
Occupancy
Communication
Equipment and supplies
Professional fees
TravelProgram expenses
Depreciation
Miscellaneous$

256,783
23,0102,946
30,25786,447-

GlobalThink Net$45,0839,511
1,245
37,9581,181-

Political
Leadership
Exchange

Civil Net andGrass Roots
$

4,900
3,805
498
78,125
-

$

3,330
3,805
498
3,465
4,996
-

Total
ProgramServices$

310,096
40,131
5,187
71,680170,749-

Management
andGeneral$63,156
9,932
1,482
1,879
23,856412
2,810
23,066
1,865

Total
Expenses$373,252
50,063
6,669
1,879
23,85672,092
173,559
23,066
1,865

Total before JCIE - Japan contributions

399,443

94,97887,32816,094

597,843

128,458

726,301

Contributions (outlay) to JCIE - Japan(8,061)

233,889-(6,630)219,198(9,934)

209,264

Total$

391,382$

328,867$

87,328

$

9,464

$

817,041$

118,524$935,565

See Independent Accountants' Report on Supplementary Information.
19

JAPAN CENTER FOR INTERNATIONAL EXCHANGE, INC
SUPPLEMENTARY INFORMATIONSCHEDULE OF FUNCTIONAL EXPENSESYEAR ENDED JUNE 30, 2019

Human Security
and Global
Cooperation
Salaries and benefits
Occupancy
Communication
Equipment and supplies
Professional fees
TravelProgram expenses
Depreciation
Miscellaneous$

246,983
42,0462,284
2,205
11,141
16,87775,982
3,665

GlobalThink Net$

25,84916,952
1,037
421
4,951
4,707
1,889
1,629

Program Services
Political
Civil Net andLeadership
Grass Roots
Exchange
$

9,850
8,476
518
211
2,476
16,024
5,466
815

$

2,990
8,476
518
211
2,476
26,274
7,062
815

Earthquake
Relief andRecovery
$

3,099
4,238
259
105
1,237
293
5,248
407

Total
ProgramServices$

288,771
80,1884,616
3,153
22,28164,17595,647
7,331

Supporting
ServicesManagement
andGeneral$27,23618,013
518
4,377
2,476
4,859
758
11,533814

Total
Expenses$

316,007
98,201
5,134
7,530
24,757
69,03496,405
11,533
8,145

Total before JCIE - Japan contributions

401,183

57,43543,836

48,822

14,886566,162

70,584

636,746

Contributions (outlay) to JCIE - Japan

74,57948,842

43,91032,271(10,902)

188,700(12,376)

176,324

Total$

475,762$

106,277$

87,746$

81,093

$

3,984

$

754,862$

58,208$813,070

See Independent Accountants' Report on Supplementary Information.
20

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