Japanese Embroidery Center Inc
- Assets
- $329.4k
- Revenue
- $206.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Atlanta, GA
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 58-2172689
Organization Overview
Japanese Embroidery Center Inc is located in Atlanta, GA. The organization was established in 1995. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Japanese Embroidery Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japanese Embroidery Center 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, Japanese Embroidery Center Inc generated $206.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $215.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JAPANESE EMBROIDERY CENTER IS A NONPROFIT EDUCATIONAL ORGANIZATION WHOSE MISSION IS TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE OF JAPANESE EMBROIDERY THROUGH THE PURSUIT OF NUIDO THE WAY OF EMBROIDERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL AND STATES ABROAD EDUCATIONAL LECTURES AND DEMONSTRATIONS
MULTI LEVEL CLASSES
NEWSLETTER REGARDING EMBROIDERY TECHNIQUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arata Tamura Bd Of Directors | OfficerTrustee | 40 | $60,215 |
Kazumi Fujisawa Teacher Coordin | OfficerTrustee | 20 | $34,560 |
Masa Tamura Nuido Instructo | OfficerTrustee | 20 | $20,400 |
Shuji Tamura President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,364 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,434 |
| Total Program Service Revenue | $3,626 |
| Investment income | $5 |
| 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 | $134,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,102 |
| 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. | $115,175 |
| Compensation of current officers, directors, key employees. | $5,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,189 |
| Payroll taxes | $10,527 |
| 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 | $4,926 |
| Advertising and promotion | $0 |
| Office expenses | $10,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,457 |
| Travel | $702 |
| 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 | $2,863 |
| Insurance | $1,687 |
| All other expenses | $4,601 |
| Total functional expenses | $215,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,821 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $145,798 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $29,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,436 |
| 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 | $99,164 |
| Total liabilities | $99,164 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $148,786 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $81,486 |
| Total liabilities and net assets/fund balances | $329,436 |