Nippon Club Inc
- Assets
- $5.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 23
- Location
- New York, NY
- Founding
- 04/1957
- Data as of
- 03/2022
- EIN
- 13-1840276
Organization Overview
Nippon Club Inc is located in New York, NY. The organization was established in 1957. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Nippon Club Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nippon Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Nippon Club Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $2.9m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE FRIENDSHIP & BETTER CULTURAL, ECONOMIC & INT'L RELATIONS ESPECIALLY BET. JAPAN & U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT & BAR - PROVIDE FOOD AND BAR SERVICE FOR MEMBERSHIP EVENTSAND OTHER SPECIAL SOCIAL OCCASION
CULTURE COURSES - PROVIDE VARIETY OF CULTURE COURSES FOR MEMBERS
PROVIDE EVENTS AND ACTIVITIES FOR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maeda Masaaki V.P. & Assistant Secretary | Officer | 30 | $123,000 |
Yasuoka Hideki Gm Executive Chef | 40 | $106,048 | |
Board Of Officers Board Of Officers | Officer | 0 | $0 |
Board Of Directors Board Of Directors | Trustee | 0 | $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 | $1,456,361 |
| Investment income | $3,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $234,812 |
| 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 | $338,391 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,414,426 |
| 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. | $123,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $921,204 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $39,538 |
| Other employee benefits | $204,584 |
| Payroll taxes | $84,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,962 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,277 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,747 |
| Travel | $8,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,311 |
| Interest | $7,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,431 |
| Insurance | $0 |
| All other expenses | $31,928 |
| Total functional expenses | $2,860,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,557,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,119 |
| Prepaid expenses and deferred charges | $222,484 |
| Net Land, buildings, and equipment | $3,468,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,280,854 |
| Accounts payable and accrued expenses | $681,915 |
| Grants payable | $0 |
| Deferred revenue | $129,073 |
| 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 | $8,493,442 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,304,430 |
| Net assets without donor restrictions | -$4,023,576 |
| 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 | $5,280,854 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nippon Club Inc has recieved totaling $166,520.
| Awarding Organization | Amount |
|---|---|
J C C Fund New York, NY PURPOSE: GENERAL SUPPORT | $165,520 |
Essential Power Llc Princeton, NJ PURPOSE: ASSIST IN VARIOUS CAUSES CORAVIRUS TONGA VOLCANO UKARINE REFUGEES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |