Japan Society Inc
- Assets
- $91.8m
- Revenue
- $10.5m
- Investments
- $3.0m
- Employees
- 92
- Location
- New York, NY
- Founding
- 11/1952
- Data as of
- 06/2021
- EIN
- 13-1675082
Organization Overview
Japan Society Inc is located in New York, NY. The organization was established in 1952. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Japan Society Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan Society 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 06/2021, Japan Society Inc generated $10.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $10.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEADING U.S. ORGANIZATION COMMITTED TO DEEPENING MUTUAL UNDERSTANDING BETWEEN U.S. AND JAPAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLERY: (SEE SCHEDULE O)
PERFORMING ARTS: (SEE SCHEDULE O)
MEDIA AND MARKETING: (SEE SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua W Walker PHD President & CEO | OfficerTrustee | 40 | $553,183 |
Merit E Janow Chairman | OfficerTrustee | 3 | $0 |
Alan S Macdonald Vice Chair | OfficerTrustee | 3 | $0 |
Kazuo Koshi Vice Chair | OfficerTrustee | 3 | $0 |
Gary Kozlowski Director | Trustee | 3 | $0 |
James Nash Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssi(us) Inc Executive Recruiter Fee | 6/29/19 | $138,563 |
Global Entertainment Supply Stage Rental | 6/29/19 | $101,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,381,125 |
| Investment income | $2,136,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $1,689,448 |
| Net Income from Fundraising Events | $82,920 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $560 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,515,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $304,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $887,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,254,538 |
| Pension plan accruals and contributions | $316,286 |
| Other employee benefits | $939,235 |
| Payroll taxes | $347,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,027 |
| Fees for services: Accounting | $56,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,824 |
| Fees for services: Other | $674,060 |
| Advertising and promotion | $22,736 |
| Office expenses | $240,254 |
| Information technology | $93,104 |
| Royalties | $0 |
| Occupancy | $150,412 |
| Travel | $9,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622,004 |
| Insurance | $146,011 |
| All other expenses | $0 |
| Total functional expenses | $10,181,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,687,577 |
| Savings and temporary cash investments | $780,080 |
| 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 | $28,925 |
| Prepaid expenses and deferred charges | $81,406 |
| Investments—publicly traded securities | $78,180,062 |
| Investments—other securities | $3,036,797 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $346,939 |
| Total assets | $91,776,832 |
| Accounts payable and accrued expenses | $751,877 |
| Grants payable | $0 |
| Deferred revenue | $274,357 |
| 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 | $903,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,929,434 |
| 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 | $89,847,398 |