Foundation for World Arts EIN 95-4746675 Form 990 (PDF) Claim this org

Foundation for World Arts

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Presents concerts and events showcasing diverse international artists to foster cultural exchange and understanding. For fiscal year 2025 it reported $114K in revenue, $118K in expenses, and $180K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Manhattan Bch, CA
Website
www.cudamani.org
Filings
6 on file (2020–2025)
Revenue
$114KFY2025
Expenses
$118K
Net assets
$180K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  95-4746675 Public charity (501(c)(3)) Manhattan Bch, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents concerts and events showcasing diverse international artists to foster cultural exchange and understanding.
Leadership
Judith Mitoma · President
Money in and out
$114K revenue, $118K expenses
Bottom line
85% program efficiency
Where the money goes · FY2025
Total revenue
$114K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$180K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
18.3mo
months of highly liquid reserves at operating expense rate▼ -38% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$114K
FY2025▼ -32%
Expenses
$118K
FY2025▲ +57%
Total assets
$180K
FY2025▼ -2%
Total liabilities
$0
FY2025
Total revenue
$114K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$180K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$180K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $74K of program spending, described in the organization's own filed words · FY2025.
01

FWA provides core support for Cudamani Education program. With enrollments of 350 students age 6-19 we support 18 classes of gamelan and dance each week. FWA grants offer direct support of the teaching staff. A total of 18 teachers offer classes at the highest professional level.

$36Kprogram expense
02

FWA provided administration and financial oversight of the two week 2024 Cudamani Summer Institute. International students (musicians, teachers, university students, etc.) studied with Bali's finest teachers, participated in community events, and performed for village temple ceremony.

$36Kprogram expense
03

Direct expenses misc. FWA is a volunteer organization with no paid USA staff. Administration of Foundation for World Arts included: website design and maintenance; marketing and public information for program, financial management of funds, and long range planning for future projects.

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundation for World Arts
EINHdr · item D95-4746675
Principal addressHdr · item CManhattan Bch, CA
WebsiteHdr · item Jwww.cudamani.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A23)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$72K · 64%
Program service revenue$41K · 36%
Contributions & grants64%$72K
Program service revenue36%$41K
Total revenueLn 12$114K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$101K
Management & general15%$17K
Total functional expensesLn 25$118K

Balance Sheet

Part X · end of year
CashLn 1$152K
Total assetsLn 16$180K
Total liabilitiesLn 26$0
Total net assetsLn 32$180K
Months of cash on handcomputed15.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $180K · Operating expenses/yr $118K
18.3 months
Where the money goes
Program services
Program services $101K · Total expenses $118K
85%
Management & General
Management & general $17K · Total expenses $118K
15%
Fundraising
Fundraising $0 · Total expenses $118K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $93K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $114K
64%
Government reliance
Government grants $0 · Total revenue $114K
0%
Earned-income share
Program service revenue $41K · Total revenue $114K
36%
Investment reliance
Investment income $0 · Total revenue $114K
0%
Program self-sufficiency
Program service revenue $41K · Total expenses $118K
35%
Growth & trend
Revenue growth (YoY)
This year $114K · Prior year $167K
-32%
Net-asset trend (YoY)
End of year $180K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $114K · Expenses $118K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $180K
Net-asset ratio
Net assets $180K · Total assets $180K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $29K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $180K
16%
People & payroll
Highest Reported Total Compensation
Individual Judith Mitoma · Reported title President · Highest reported compensation $0 · Total expenses $118K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $118K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth -32%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$114K revenue · viewing · ⤓ 990 PDF
FY2024$167K revenue · ⤓ 990 PDF
FY2023$126K revenue · ⤓ 990 PDF
FY2022$68K revenue · ⤓ 990 PDF
FY2021$147K revenue · ⤓ 990 PDF
FY2020$17K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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