American-Japan Karate Association Inc
- Assets
- $44.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 11-3683563
Organization Overview
American-Japan Karate Association Inc is located in New York, NY. The organization was established in 0000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. American-Japan Karate Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, American-Japan Karate Association Inc generated $63.8k 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 (10.1%) each year. All expenses for the organization totaled $56.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THROUGH REGULAR CLASSES, AMERICAN JAPAN KARATE ASSOCIATION, INC. PROVIDES KARATE INSTRUCTION TO ALL-COMERS. THE GOALS OF TRAINING INCLUDE NOT ONLY PHYSICAL FITNESS BUT ALSO MENTAL FORTITUDE AND RESPECT FOR OTHERS. THEY HAVE ROUGHLY 50 ACTIVE MEMBERS IN ANY GIVEN YEAR. ADDITIONAL ACTIVITIES INCLUDE SEASONAL TRAINING SEMINARS AND A REGIONAL TOURNAMENT. THE LARGEST SEASONAL TRAINING SEMINAR IS THEIR ANNUAL INTERNATIONAL SUMMER CAMP, WHERE APPROXIMATELY 120 GLOBAL PARTICIPANTS TRAIN UNDER THEIR PERMANENT INSTRUCTORS AND GUEST INSTRUCTORS FROM AROUND THE WORLD. THE REGIONAL TOURNAMENT OCCURS TWICE PER YEAR AND HAS ANYWHERE FROM 30 TO 120 PARTICIPANTS.DUE TO COVID, 2022 WAS A COMBINATION OF IN-PERSON AND REMOTE INSTRUCTION VIA ZOOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noriko Furuhata Director | 0.5 | $931 | |
Liviu Coleasa Director | 0.5 | $238 | |
Pete Erfani Treasurer | 2 | $1,559 | |
Jacob Levitt Director | 0.5 | $0 | |
Joseph Vincente Secretary | 1.5 | $1,689 | |
Shu Takahashi Chief Instruct. | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $63,660 |
| Membership dues | $0 |
| Investment income | $118 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,778 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,170 |
| Professional fees and other payments to independent contractors | $2,625 |
| Occupancy, rent, utilities, and maintenance | $24,285 |
| Printing, publications, postage, and shipping | $216 |
| Other expenses | $23,288 |
| Total expenses | $56,584 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,233 |
| Other assets | $0 |
| Total assets | $44,233 |
| Total liabilities | $129 |
| Net assets or fund balances | $44,104 |