Waseda Usa
- Assets
- $11.0m
- Revenue
- $754.5k
- Investments
- $10.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2008
- Data as of
- 03/2022
- EIN
- 26-2531600
Organization Overview
Waseda Usa is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseda USA 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 03/2022, Waseda USA generated $754.5k 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 (4.5%) each year. All expenses for the organization totaled $680.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICIT DONATIONS AND CONDUCT OTHER FUND RAISING ACTIVITIES FOR WASEDA UNIVERSITY TO ASSIST ITS STUDENTS AND FACULTY STUDYING IN THE U.S.
PROVIDE ASSISTANCE TO WASEDA INITIATIVES UNDERTAKEN IN THE U.S.
PROMOTE THE INTEREST OF U.S. STUDENTS TO ATTEND WASEDA UNIVERSITY. CONDUCT LECTURES, INTERVIEWS AND ENTRANCE EXAMINATIONS.
4. IMPROVE THE RELATIONSHIP BETWEEN WASEDA UNIVERSITY AND ITS ALUMNI LOCATED IN NORTH AMERICA THROUGH SPONSORSHIP OF ALUMNI ACTIVITIES, TOTAL 149,233. 5. CONDUCT ANY OTHER ACTIVITIES CONSISTENT WITH THE OBJECTIVES OF EACH OF THE FOREGOING, TOTAL 29,847.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Di | 40 | $262,231 | |
Yoichi Aizawa Executive Di | 40 | $68,485 | |
Masahiko Gemma Chairman/pre | 0.5 | $0 | |
Norio Takagi Director | 2 | $0 | |
Maji Christine Rhee Director/vp | 0.5 | $0 | |
Taro Kaneko Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $694,463 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $754,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $330,716 |
| Other employee salaries and wages | $66,250 |
| Pension plans, employee benefits | $5,485 |
| Interest | $0 |
| Taxes | $6,940 |
| Depreciation | $1,046 |
| Occupancy | $29,383 |
| Travel, conferences, and meetings | $83 |
| Printing and publications | $0 |
| Other expenses | $114,351 |
| Total operating and administrative expenses | $645,746 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $680,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003,245 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $22,917 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,406 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,088 |
| Other assets | $10,074 |
| Total assets | $11,006,734 |
| Accounts payable and accrued expenses | $54,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $33,000 |
| Total liabilities | $87,007 |
Grants Awarded
Over the last fiscal year, Waseda Usa has awarded $16,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: SCHOLARSHIP | $10,000 |
WASEDA UNIVERSITY PURPOSE: DONATION | $6,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Syracuse Health Science Center Medical Alumni Foundation Inc Syracuse, NY | $50,640,765 | $25,764,011 |