Friends Of Utokyo Inc
- Assets
- $682.1k
- Revenue
- $266.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2008
- Data as of
- 06/2022
- EIN
- 26-1186431
Organization Overview
Friends Of Utokyo Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Utokyo 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 06/2022, Friends Of Utokyo Inc generated $266.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $239.5k during the year ending 06/2022. While expenses have increased by 13.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR THE STUDENTS EXCHANGE AND COLLABORATION BETWEEN THE UNIVERSITY OF TOKYO ("UTOKYO') AND UNIVERSITIES IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND RESEARCH GRANT PROGRAMS: THE SCHOLARSHIP PROGRAM IS FOR STUDENTS EXCHANGE BETWEEN UTOKYO AND VARIOUS U.S. UNIVERSITIES. RESEARCH GRANT PROGRAM SUPPORTS MAINLY UTOKYO GRADUATE STUDENTS ENGAGING IN JOINT RESEARCH ACTIVITIES AT VARIOUS U.S. UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iwao Ojima President, C | OfficerTrustee | 5 | $0 |
Yuichiro Kuwama Vp, CFO | OfficerTrustee | 5 | $0 |
Junji Takegami Vp,coo | OfficerTrustee | 10 | $0 |
Tetsunosuke Fujisaki Treasurer | OfficerTrustee | 5 | $0 |
Yosinari Ikiri Secretary | OfficerTrustee | 3 | $0 |
Takatoshi Ito Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,106 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $142,479 |
| Grants and other assistance to Foreign Orgs/Individuals | $73,805 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,249 |
| Advertising and promotion | $0 |
| Office expenses | $927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $239,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,507 |
| Savings and temporary cash investments | $30,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $682,072 |
| Accounts payable and accrued expenses | $6,081 |
| Grants payable | $204,784 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,865 |
| Net assets without donor restrictions | $419,222 |
| Net assets with donor restrictions | $51,985 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $682,072 |
Grants Awarded
Over the last fiscal year, Friends Of Utokyo Inc has awarded $19,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT RESEARCH | $11,500 |
New Haven, CT PURPOSE: TO SUPPORT RESEARCH | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Utokyo Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Ito Foundation Usa Glendale, CA PURPOSE: EDUCATION | $100,000 |
Endowment Analysis
| Beg. Balance | $50,885 |
| Net Contributions | $1,100 |
| Ending Balance | $51,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |