Izumi Foundation
- Assets
- $73.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 04-3439149
Organization Overview
Izumi Foundation is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2020, Izumi Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Izumi 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 12/2020, Izumi Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $3.0m during the year ending 12/2020. While expenses have increased by 5.0% per year over the past 6 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.
Since 2016, Izumi Foundation has awarded 111 individual grants totaling $10,017,433. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO THE WORLD'S POOREST PEOPLE THROUGH THE DEVELOPMENT AND SUPPORT OF PROGRAMS THAT IMPROVE HEALTHCARE IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE INFRASTRUCTURE: TO SUPPORT PROJECTS THAT STRENGTHEN LOCAL SYSTEMS FOR DELIVERING HEALTH CARE, AS WELL AS NATIONAL AND REGIONAL SYSTEMS THAT SUPPORT THE PROVISION OF CARE AT THE LOCAL LEVEL.
MATERNAL AND NEONATAL HEALTH: TO SUPPORT EFFECTIVE PROGRAMS THAT SUSTAIN THE LIVES OF BOTH THE MOTHER AND THE CHILD, RECOGNIZING THAT NEWBORN AND MATERNAL HEALTH AND SURVIVAL ARE CLOSELY LINKED.
INFECTIOUS DISEASE: TO SUPPORT PROJECTS THAT ADDRESS INFECTIOUS DISEASES WITH HIGH MORBIDITY AND MORTALITY.
HEALTHCARE INFRASTRUCTURE: TO SUPPORT PROJECTS THAT STRENGTHEN LOCAL SYSTEMS FOR DELIVERING HEALTH CARE, AS WELL AS NATIONAL AND REGIONAL SYSTEMS THAT SUPPORT THE PROVISION OF CARE AT THE LOCAL LEVEL.
MATERNAL AND NEONATAL HEALTH: TO SUPPORT EFFECTIVE PROGRAMS THAT SUSTAIN THE LIVES OF BOTH THE MOTHER AND THE CHILD, RECOGNIZING THAT NEWBORN AND MATERNAL HEALTH AND SURVIVAL ARE CLOSELY LINKED.
INFECTIOUS DISEASE: TO SUPPORT PROJECTS THAT ADDRESS INFECTIOUS DISEASES WITH HIGH MORBIDITY AND MORTALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Stoddard Program Director | 40 | $151,500 | |
Shinrei Ito President/director | OfficerTrustee | 1 | $0 |
Ko Yamamoto Treasurer | Officer | 1 | $0 |
Yuko Yoshida Clerk | Officer | 40 | $0 |
John Warford Assistant Treasurer | Officer | 40 | $0 |
Crandon Gustafson Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,464,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,308,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,773,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,255,265 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,792 |
| Pension plan accruals and contributions | $19,579 |
| Other employee benefits | $26,232 |
| Payroll taxes | $14,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,411 |
| Fees for services: Accounting | $25,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $190,108 |
| Fees for services: Other | $3,340 |
| Advertising and promotion | $0 |
| Office expenses | $52,945 |
| Information technology | $7,439 |
| Royalties | $0 |
| Occupancy | $177,590 |
| Travel | $11,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $366 |
| Insurance | $5,331 |
| All other expenses | $2,602 |
| Total functional expenses | $3,014,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,549 |
| Savings and temporary cash investments | $4,019,395 |
| 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 | $16,419 |
| Net Land, buildings, and equipment | $1,832 |
| Investments—publicly traded securities | $68,983,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,260 |
| Total assets | $73,391,812 |
| Accounts payable and accrued expenses | $22,322 |
| Grants payable | $1,762,750 |
| 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 | $28,594 |
| Total liabilities | $1,813,666 |
| Net assets without donor restrictions | $71,578,146 |
| 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 | $73,391,812 |
Grants Awarded
Over the last fiscal year, Izumi Foundation has awarded $3,502,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, CA PURPOSE: TO IMPROVE THE LIVES OF PATIENTS WITH PODO IN SEVEN HEAVILY-AFFECTED DISTRICTS IN AMHARA REGION, ETHIOPIA AND TO IMPROVE THE LIVES OF PATIENTS WITH PODO IN RWANDA; WORKING WITH LOCAL PARTNERS TO DISTRIBUTE PPE, ESPECIALLY MASKS FOR HEALTHCARE WORKERS AND PATIENTS; WELLSPRINGFUNDINGWILL SUPPORT A STRATEGIC REVIEW FOR THE NEXT 5 YEAR PERIOD. THE DESIRED OUTCOME OF THE STRATEGIC REVIEW IS A STRATEGY DOCUMENT THAT WILL GUIDE FOOTWORK'S DIRECTION THROUGH THIS PERIOD; PPE FOR FIELD STAFF TO CONTINUE COMMUNITY ACTIVITIES; WORKING TO ADJUST PROGRAMS FOR COVID RESPONSE | $263,000 |
Richmond, CA PURPOSE: TO IMPROVE THE LIVES OF PATIENTS WITH PODO IN SEVEN HEAVILY-AFFECTED DISTRICTS IN AMHARA REGION, ETHIOPIA AND TO IMPROVE THE LIVES OF PATIENTS WITH PODO IN RWANDA; WORKING WITH LOCAL PARTNERS TO DISTRIBUTE PPE, ESPECIALLY MASKS FOR HEALTHCARE WORKERS AND PATIENTS; WELLSPRINGFUNDINGWILL SUPPORT A STRATEGIC REVIEW FOR THE NEXT 5 YEAR PERIOD. THE DESIRED OUTCOME OF THE STRATEGIC REVIEW IS A STRATEGY DOCUMENT THAT WILL GUIDE FOOTWORK'S DIRECTION THROUGH THIS PERIOD; PPE FOR FIELD STAFF TO CONTINUE COMMUNITY ACTIVITIES; WORKING TO ADJUST PROGRAMS FOR COVID RESPONSE | $263,000 |
HEALTH & DEVELOPMENT INTERNATIONAL PURPOSE: TO GREATLY REDUCE, IDEALLY ELIMINATE, OBSTRUCTED LABOR MORTALITY AND OBSTETRIC FISTULA INCIDENCE ON A LARGE SCALE, TO BENEFIT THOSE WHO LIVE IN TAHOUA REGION; WORKING WITH LOCAL LEADERSHIP TO PROVIDE COMMUNITY EDUCATION AND PREVENTION MESSAGING | $195,000 |
HEALTH & DEVELOPMENT INTERNATIONAL PURPOSE: TO GREATLY REDUCE, IDEALLY ELIMINATE, OBSTRUCTED LABOR MORTALITY AND OBSTETRIC FISTULA INCIDENCE ON A LARGE SCALE, TO BENEFIT THOSE WHO LIVE IN TAHOUA REGION; WORKING WITH LOCAL LEADERSHIP TO PROVIDE COMMUNITY EDUCATION AND PREVENTION MESSAGING | $195,000 |
Durham, NC PURPOSE: TO REINFORCE THE FOUNDATION OF MALI'S COMMUNITY HEALTH SYSTEM THROUGH THE ONGOING DEVELOPMENT OF PARTICIPATORY QI AND LOCAL FINANCING APPROACHES THAT CAN BE IMPLEMENTED AND SUSTAINED BY COMMUNITIES IN LOW-RESOURCE SETTINGS;TRAINING, EDUCATIONAL MATERIALS, RADIO MESSAGING, TECHNICAL SUPPORT TO LOCAL CLINICS;CONTINUED PARTNERSHIPS WITH COMMUNITY CLINICS FOR ONGOING COVID-19 SUPPORT: LOGISTICS, TRAINING, PPE, QUALITY IMPROVEMENT, COMMUNITY HEALTH MESSAGING | $162,000 |
Durham, NC PURPOSE: TO REINFORCE THE FOUNDATION OF MALI'S COMMUNITY HEALTH SYSTEM THROUGH THE ONGOING DEVELOPMENT OF PARTICIPATORY QI AND LOCAL FINANCING APPROACHES THAT CAN BE IMPLEMENTED AND SUSTAINED BY COMMUNITIES IN LOW-RESOURCE SETTINGS;TRAINING, EDUCATIONAL MATERIALS, RADIO MESSAGING, TECHNICAL SUPPORT TO LOCAL CLINICS;CONTINUED PARTNERSHIPS WITH COMMUNITY CLINICS FOR ONGOING COVID-19 SUPPORT: LOGISTICS, TRAINING, PPE, QUALITY IMPROVEMENT, COMMUNITY HEALTH MESSAGING | $162,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newport Hospital Foundation Inc Newport, RI | $132,285,695 | $13,877,816 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |
New York Foundling Charitable Corporation New York, NY | $0 | $3,656,772 |
Al Sigl Center For Rehabilitation Agencies Inc Rochester, NY | $54,423,589 | $5,794,950 |
St Anns Foundation Inc Rochester, NY | $59,915,340 | $4,860,702 |
Templeton Foundation Cooperstown, NY | $47,757,464 | $7,194,400 |
Israel Healthcare Foundation New York, NY | $6,879,692 | $6,486,334 |