One Million Years Foundation Inc
- Assets
- $23.5m
- Revenue
- $724.5k
- Investments
- $5.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 13-4177993
Organization Overview
One Million Years Foundation Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Million Years Foundation 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, One Million Years Foundation Inc generated $724.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 17.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION SUPPORT:PROVIDED RESOURCES AND LOANED ARTWORK TO SUPPORT FOLLOWING EXHIBITIONS:-ON KAWARA TODAY / TOKYO-ON KAWARA PURE CONSCIOUSNESS / FUKUOKA -ON KAWARA ONE MILLION YEARS READING / COPENHAGEN
PUBLICATION SUPPORT:PROVIDED RESOURCES AND EDITORIAL SUPPORT TO TAMA ART UNIVERSITY TOKYO TO PRODUCE "ON KAWARA BOOKS DATABASE"
CATALOGUE RAISONNE PROJECT:SELECTED ONLINE DATABASE PLATFORM AND UPDATED ARTWORK DATA IN PREPARATION TO PRODUCE COMPREHENSIVE CATALOGUE DOCUMENTING ALL KNOWN ARTWORKS OF ON KAWARA.
ORAL HISTORY PROJECT:CONDUCTED RECORDED INTERVIEWS WITH PEOPLE WHO KNEW ON KAWARA DIRECTLY DURING HIS LIFETIME IN ORDER TO PRESERVE THE RECOLLECTION OF THE ARTIST AND THE SCENE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akito Kawahara President, Secretary | 5 | $0 | |
Sahe Yoshioka Director | 5 | $0 | |
Hiroko Kawahara Treasurer | 10 | $0 | |
Kasper Koenig Director | 5 | $8,000 | |
Hanru Hou Director | 5 | $8,000 | |
Akiko Bernhoeft Director | 5 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $671,621 |
| Interest on Savings | $12,045 |
| Dividends & Interest | $118,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$78,063 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226 |
| Total Revenue | $724,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,018 |
| Other employee salaries and wages | $110,070 |
| Pension plans, employee benefits | $126,812 |
| Interest | $105,226 |
| Taxes | $6,800 |
| Depreciation | $0 |
| Occupancy | $55,784 |
| Travel, conferences, and meetings | $35,686 |
| Printing and publications | $0 |
| Other expenses | $33,647 |
| Total operating and administrative expenses | $772,263 |
| Contributions, gifts, grants paid | $460,000 |
| Total expenses and disbursements | $1,232,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $402,632 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,647,812 |
| Net Land, buildings, and equipment | $4,489,205 |
| Other assets | $13,236,960 |
| Total assets | $23,463,810 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,616,729 |
| Total liabilities | $4,616,729 |
Grants Awarded
Over the last fiscal year, One Million Years Foundation Inc has awarded $460,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIA CENTER FOR THE ARTS INC PURPOSE: ARTWORK FOR PUBLIC DISPLAY | $450,000 |
TAMA ART UNIVERSITY PURPOSE: IN SUPPORT OF THE DATABASE PROJECT OF "ON KAWARA BOOKS" | $10,000 |