Nippon Club Inc
- Assets
- $4.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 23
- Location
- New York, NY
- Founding
- 04/1957
- Data as of
- 03/2023
- 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 03/2023, 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 03/2023, Nippon Club Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.0m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Board Of Directors Board Of Directors | Trustee | 0 | $0 |
Board Of Officers Board Of Officers | Officer | 0 | $0 |
Maeda Masaaki V.P. & Assistant Secretary | Officer | 30 | $123,000 |
Yasuoka Hideki Gm Executive Chef | 40 | $113,208 |
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 | $1,572,642 |
| Investment income | $5,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,765 |
| 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 | $518,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,810,312 |
| 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. | $127,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $955,769 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $50,675 |
| Other employee benefits | $227,120 |
| Payroll taxes | $92,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,606 |
| Fees for services: Accounting | $49,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,730 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,632 |
| Travel | $6,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,067 |
| Interest | $4,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,658 |
| Insurance | $0 |
| All other expenses | $26,649 |
| Total functional expenses | $3,041,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,396 |
| Prepaid expenses and deferred charges | $346,050 |
| Net Land, buildings, and equipment | $3,232,685 |
| Investments—publicly traded securities | $299,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,559 |
| Total assets | $4,695,316 |
| Accounts payable and accrued expenses | $419,644 |
| Grants payable | $0 |
| Deferred revenue | $97,059 |
| 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 | $8,499,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,826 |
| Total liabilities | $9,034,285 |
| Net assets without donor restrictions | -$4,338,969 |
| 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 | $4,695,316 |