Japan Business Association Of Seattle
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 63
- Location
- Bellevue, WA
- Founding
- 08/2003
- Data as of
- 12/2020
- EIN
- 42-1554112
Organization Overview
Japan Business Association Of Seattle is located in Bellevue, WA. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Japan Business Association Of Seattle employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan Business Association Of Seattle 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 12/2020, Japan Business Association Of Seattle generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE JAPANESE SCHOOL IN BELLEVUE, WA AND PROMOTE RELATIONSHIP BETWEEN MEMBERS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEATTLE NIHON SHOKOKAI: AN ORGANIZATION HELPING THE JAPANESE BUSINESS COMMUNITY THROUGH SEMINARS THAT PROMOTE GOODWILL BETWEEN THE U.S. AND JAPAN. ALSO SUPPORTING AND ENCOURAGING VOLUNTEER ACTIVITIES TO ASSIST THE LOCAL COMMUNITY.
SEATTLE JAPANESE SCHOOL (HOSHUKO): TEACHING AND ADMINISTERING JAPANESE LANGUAGE, MATH, AND OTHER SUBJECTS FOLLOWING A STANDARD DEVELOPED IN CONSULTATION WITH THE JAPANESE MINISTRY OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asami Tsuruta Executive Director | Officer | 40 | $75,630 |
Tetsuzo Yoshida Vice President | OfficerTrustee | 5 | $0 |
Mamoru Hirose President | OfficerTrustee | 5 | $0 |
Takashi Morikubo Vice President | OfficerTrustee | 5 | $0 |
Takeshi Ando Vice President | OfficerTrustee | 5 | $0 |
Tamako Hayashi Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,922 |
| Investment income | $653 |
| 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 | $1,546,847 |
| Statement of Expenses | |
|---|---|
| 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. | $73,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $826,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $88,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,298 |
| Advertising and promotion | $0 |
| Office expenses | $13,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,648 |
| Travel | $56 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,802 |
| All other expenses | $0 |
| Total functional expenses | $1,358,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,299,400 |
| Savings and temporary cash investments | $193,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,492,861 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,492,861 |
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|---|---|---|
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Alaska Humanities Forum Anchorage, AK | $1,435,904 | $3,701,429 |
Library Foundation Inc Serving The People Of Multnomah County Portland, OR | $22,669,861 | $3,134,177 |
Richard Hugo House Seattle, WA | $7,413,381 | $2,157,328 |
Seattle Arts And Lectures Inc Seattle, WA | $2,481,915 | $2,696,759 |
Humanities Washington Seattle, WA | $1,874,322 | $2,110,794 |
Japan Business Association Of Seattle Bellevue, WA | $1,492,861 | $1,546,847 |
Hedgebrook Langley, WA | $5,559,307 | $1,728,150 |
Idaho Humanities Council Boise, ID | $2,222,458 | $1,158,629 |
Goodtime Chinese School Portland, OR | $1,015,586 | $1,575,587 |
American Studies Assn Spokane, WA | $994,754 | $1,099,135 |
Shokookai Of Portland Beaverton, OR | $785,587 | $753,552 |