Japanese American Cultural And Community Center
- Assets
- $14.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 74
- Location
- Los Angeles, CA
- Founding
- 03/1972
- Data as of
- 06/2023
- EIN
- 23-7124042
Organization Overview
Japanese American Cultural And Community Center is located in Los Angeles, CA. The organization was established in 1972. 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 06/2023, Japanese American Cultural And Community Center employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japanese American Cultural And Community Center 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 06/2023, Japanese American Cultural And Community Center generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JACCC WEAVES JAPANESE AND JAPANESE AMERICAN ARTS AND CULTURE INTO THE FABRIC OF OUR COMMUNITIES. THE JACCC REMAINS FIRMLY ROOTED IN LITTLE TOKYO, PROVIDING A VITAL PLACE TO BUILD CONNECTIONS BETWEEN PEOPLE AND CULTURES, LOCALLY AND INTERNATIONALLY. THROUGH INCLUSIVE PROGRAMS AND AUTHENTIC EXPERIENCES, WE CONTINUE OUR LIVING TRADITIONS AND NUTURE THE NEXT GENERATION OF INNOVATIVE ARTISTS, CULTURE BEARERS AND THINKERS AND CULINARY EXPERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JACCC FULFILLS ITS MISSION TO PROVIDE A CENTER TO ENHANCE COMMUNITY PROGRAMS. ITS THEATRE, GALLERY, CULINARY CENTER, AND PLAZA ARE AVAILABLE TO THE COMMUNITY AT-LARGE AS VENUES FOR PERFORMING ARTS, FILM, CULINARY EVENTS, AND OTHER PUBLIC GATHERINGS.
THE JACCC'S CENTER BUILDING IS HOME TO MANY NONPROFIT ORGANIZATIONS WHOSE PRIMARY FOCI RANGE FROM CULTURAL STUDIES SUCH AS DANCE, FLOWER ARRANGEMENT, AND TEA CERREMONY TO HEALTHCARE (BONE MARROW MATCHES) AND NEIGHBORHOOD REVITALIZATION. IN ADDITION, MANY OF THE LOCAL CULTURAL ORGANIZATION UTILIZE ROOMS AND THE JAPANESE GARDEN FOR MEETINGS, CONFERENCES, AND EVENTS.
IN AN EFFORT TO PROVIDE EXPOSURE TO DIVERSE AUDIENCES, THE JACCC PRESENTS AND PRODUCES EXHIBITIONS, PERFORMANCES, FESTIVALS, AND WORKSHOPS WHICH CENTER AROUND JAPANESE AND JAPANESE AMERICAN ARTS, MUSIC, CUISINE, AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Wyatt CEO | Officer | 60 | $242,740 |
Derek Takeda Vice President Of Operations | 60 | $209,661 | |
Mathew Estrada CFO | Officer | 60 | $140,757 |
Craig Tomiyoshi Director | Trustee | 1 | $0 |
Glenn Inanaga Treas & Pst Chr | OfficerTrustee | 3 | $0 |
Nancy Matsui Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,317 |
| Fundraising events | $273,861 |
| Related organizations | $0 |
| Government grants | $896,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,687,955 |
| Noncash contributions included in lines 1a–1f | $133,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,862,810 |
| Total Program Service Revenue | $1,369,880 |
| Investment income | $77,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $102,859 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,518,470 |
| 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. | $593,158 |
| Compensation of current officers, directors, key employees. | $159,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,149,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $280,414 |
| Payroll taxes | $166,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,604 |
| Fees for services: Accounting | $99,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,382 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $100,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,702 |
| Insurance | $53,589 |
| All other expenses | $299,364 |
| Total functional expenses | $4,753,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,313 |
| Savings and temporary cash investments | $2,000,640 |
| Pledges and grants receivable | $549,100 |
| Accounts receivable, net | $48,899 |
| 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 | $92,368 |
| Net Land, buildings, and equipment | $8,644,313 |
| Investments—publicly traded securities | $2,375,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $281,086 |
| Total assets | $14,358,107 |
| Accounts payable and accrued expenses | $438,596 |
| Grants payable | $0 |
| Deferred revenue | $19,755 |
| 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 | $1,883,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,995 |
| Total liabilities | $2,388,090 |
| Net assets without donor restrictions | $6,939,337 |
| Net assets with donor restrictions | $5,030,680 |
| 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 | $14,358,107 |