Chicago Futabakai Japanese School
- Assets
- $6.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 86
- Location
- Arlington Heights, IL
- Founding
- 07/1967
- Data as of
- 03/2022
- EIN
- 36-2595572
Organization Overview
Chicago Futabakai Japanese School is located in Arlington Heights, IL. The organization was established in 1967. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 03/2022, Chicago Futabakai Japanese School employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Futabakai Japanese School 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 03/2022, Chicago Futabakai Japanese School generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $3.5m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
OPERATES, ADMINISTERS AND SUPERVISES FUTABAKAI DAY AND SATURDAY SCHOOL IN CHICAGO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OPERATED BOTH DAY AND SATURDAY SCHOOL PROGRAMS. THE DAY SCHOOL CONSISTS OF PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY AND JUNIOR HIGH SCHOOL CURRICULUM FOR APPROXIMATELY 157 STUDENTS. THE SATURDAY SCHOOL PROGRAM PROVIDES EDUCATION FOR APPROXIMATELY 569 KINDERGARTEN THROUGH HIGH SCHOOL STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mayumi Kishimoto Administrator | Officer | 40 | $65,546 |
Jun Okubo Vice President | OfficerTrustee | 1 | $0 |
Kazuya Nagami Vice President | OfficerTrustee | 1 | $0 |
Kengo Nagasaka Secretary | OfficerTrustee | 1 | $0 |
Mari Yamamoto President | OfficerTrustee | 1 | $0 |
Sho Chinen Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $257,950 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $770,264 |
| Noncash contributions included in lines 1a–1f | $1,116 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,028,214 |
| Total Program Service Revenue | $2,351,958 |
| Investment income | $3,694 |
| 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 | $3,392,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,485 |
| Compensation of current officers, directors, key employees. | $99,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,687,733 |
| Pension plan accruals and contributions | $18,592 |
| Other employee benefits | $410,489 |
| Payroll taxes | $140,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,050 |
| Fees for services: Accounting | $16,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28 |
| Advertising and promotion | $3,575 |
| Office expenses | $206,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $487,116 |
| Travel | $694 |
| 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 | $119,026 |
| Insurance | $43,860 |
| All other expenses | $27,523 |
| Total functional expenses | $3,527,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,780,003 |
| Savings and temporary cash investments | $3,502,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,321 |
| 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 | $70,079 |
| Net Land, buildings, and equipment | $354,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,044 |
| Total assets | $6,865,624 |
| Accounts payable and accrued expenses | $16,152 |
| Grants payable | $0 |
| 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 | $427,200 |
| Total liabilities | $443,352 |
| Net assets without donor restrictions | $6,422,272 |
| Net assets with donor restrictions | $0 |
| 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 | $6,865,624 |
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