Japan House La Foundation
- Assets
- $507.4k
- Revenue
- $30.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hollywood, CA
- Founding
- 04/2012
- Data as of
- 09/2022
- EIN
- 45-3933940
Organization Overview
Japan House La Foundation is located in Hollywood, CA. The organization was established in 2012. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan House LA Foundation 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 09/2022, Japan House LA Foundation generated $30.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.0%) each year. All expenses for the organization totaled $32.7k during the year ending 09/2022. 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 SUPPORT INNOVATIVE EDUCATIONAL PROGRAMS IN ART, CULTURE, SCIENCE, AND TECHNOLOGY BETWEEN THE U.S. AND JAPAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"WHY DIVERSITY MATTERS-UPDATES IN SOUTHERN CALIFORNIA" (THE FIRST PROGRAM OF JHLAF-MUFG DIVERSITY INCLUSION PROGRAM SERIES) DESCRIPTION: SOUTHERN CALIFORNIA IS ONE OF THE MOST DIVERSE REGIONS IN THE UNITED STATES. THERE HAVE BEEN A NUMBER OF EFFORTS BY THE GOVERNMENTS, BUSINESSES, AND NON-PROFITS TO EMBRACE AND PROMOTE D&I TO EMPOWER THE SOCIETY, WHILE THERE ARE STILL CHALLENGES AND UNFINISHED WORKS AHEAD. THIS SERIES OF PROGRAMS WILL LOOK INTO WHAT THE CURRENT D&I SITUATION IS, IDENTIFY CHALLENGES AND ONGOING EFFORTS, AND PROPOSE WHAT SHOULD BE DONE FURTHER THROUGH COLLABORATING AMONG DIFFERENT COMMUNITIES AND SEGMENTS INCLUDING JAPANESE, JAPANESE AMERICANS, AND OTHER COMMUNITIES. IT WILL ALSO OFFER JAPANESE NATIONALS LIVING IN THE U.S. THE OPPORTUNITIES TO THINK WHAT DIVERSITY MEANS TO THEM AND HOW THEY CAN PROMOTE IT IN THEIR OWN FIELDS OF PROFESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuko Kaifu Director | Trustee | 2 | $0 |
Dennis Sugino Director | Trustee | 2 | $0 |
Sachi Hamai Director | Trustee | 2 | $0 |
Takeshi Sakimoto CEO | Officer | 2 | $6,000 |
Sakiko Okada Secretary/cfo | Officer | 2 | $4,200 |
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 | $30,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,800 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $30,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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. | $5,883 |
| Compensation of current officers, directors, key employees. | $588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,670 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65 |
| Advertising and promotion | $0 |
| Office expenses | $391 |
| Information technology | $2,060 |
| 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 | $5,810 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $834 |
| All other expenses | $0 |
| Total functional expenses | $32,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,390 |
| Savings and temporary cash investments | $0 |
| 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 |
| 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 | $507,390 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $507,140 |
| Total liabilities and net assets/fund balances | $507,390 |