Japan America Society Of Minnesota
- Assets
- $140.3k
- Revenue
- $129.9k
- Investments
- $2.6k
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 02/1973
- Data as of
- 12/2021
- EIN
- 23-7259977
Organization Overview
Japan America Society Of Minnesota is located in Minneapolis, MN. The organization was established in 1973. 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 12/2021, Japan America Society Of Minnesota employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan America Society Of Minnesota 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 12/2021, Japan America Society Of Minnesota generated $129.9k 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 (3.0%) each year. All expenses for the organization totaled $116.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JAPAN AMERICA SOCIETY OF MINNESOTA IS A MEMBER SUPPORTED, NON-PROFIT ORGANIZATION ESTABLISHED TO PROMOTE MUTUAL UNDERSTANDING AND FRIENDSHIP BETWEEN JAPANESE AND US CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONDALE SCHOLARSHIP GALA IS A PROGRAM CELEBRATING WINNERS OF THE SCHOLARSHIP AND STUDENTS WHO HAD A OPPORTUNITY TO BROADEN THEIR KNOWLEDGE OF JAPAN THROUGH A COMBINATION OF STUDY AND TRAVEL IN JAPAN.
J-QUIZ IS A HIGH SCHOOL JAPANESE LANGUAGE COMPETITION THAT PROMOTES LEARNING OF LANGUAGE AND JAPANESE CULTURE THROUGH COMPETITION. APPROXIMATELY 100 PEOPLE, CONSISTING OF STUDENTS FROM SEVERAL HIGH SCHOOLS AND VOLUNTEERS, BENEFITED FROM THIS COMPETITION.
SHINSHUNKAI WAS AN ONLINE EVENT FEATURING PERFORMERS AND PRESENTERS OF JAPANESE MUSIC, FOOD, AND OTHER CULTURE. THIS WAS DURING THE PANDEMIC WHEN THE ANNUAL SHINNENKAI NEW YEARS EVENT WAS CANCELLED.
OTHER PROGRAM SERVICE INCLUDED ONLINE WEBINARS AND OUTREACH ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rio Saito Executive Director | Trustee | 40 | $50,000 |
Yoko Ueno Program Manager | Trustee | 40 | $30,000 |
Yoko Torigoe Treasurer | Officer | 2 | $0 |
Masako Yoshida Secretary | Officer | 2 | $0 |
Michiko Smith ? | Officer | 2 | $0 |
Elizabeth Fuhrman President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,079 |
| Fundraising events | $21,450 |
| Related organizations | $0 |
| Government grants | $54,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,025 |
| Total Program Service Revenue | $6,874 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,899 |
| 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. | $69,440 |
| Compensation of current officers, directors, key employees. | $69,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $13,868 |
| Total functional expenses | $116,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,868 |
| Savings and temporary cash investments | $81,828 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,330 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $140,330 |
| 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 | $140,330 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Japan America Society Of Minnesota has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Minnesota Humanities Center St Paul, MN PURPOSE: CARES ACT RELIEF FUND GRANT | $5,000 |
Endowment Analysis
| Beg. Balance | $30,964 |
| Grants | $4,000 |
| Ending Balance | $26,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
American Swedish Institute Minneapolis, MN | $53,674,080 | $22,744,075 |
First Peoples Fund Rapid City, SD | $11,478,942 | $11,058,456 |
Coalition Of Asian American Leaders St Paul, MN | $4,205,998 | $3,284,074 |
National Native American Boarding School Healing Coalition Minneapolis, MN | $8,382,833 | $1,366,565 |
Black Hills Badlands & Lakes Association Rapid City, SD | $1,241,083 | $1,774,171 |
The Germanic-American Institute St Paul, MN | $1,003,743 | $1,467,088 |
Blackhawks Of St Paul St Paul, MN | $194,784 | $1,434,871 |
Native American Community Development Institute Minneapolis, MN | $2,572,714 | $2,143,377 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |
Pella Historical Society Pella, IA | $6,258,526 | $1,077,939 |
Ka Joog Non Profit Organization Minneapolis, MN | $518,800 | $1,454,173 |