Japanese Soc Of Detroit Foundation
- Assets
- $1.1m
- Revenue
- $125.8k
- Investments
- $937.3k
- Employees
- 0
- Location
- Novi, MI
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 38-3038586
Organization Overview
Japanese Soc Of Detroit Foundation is located in Novi, MI. The organization was established in 1992. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japanese Soc Of Detroit Foundation 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 12/2023, Japanese Soc Of Detroit Foundation generated $125.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $102.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Japanese Soc Of Detroit Foundation has awarded 13 individual grants totaling $229,265. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION OF THE FOUNDATION IS TO PROMOTE DEEPER MUTUAL UNDERSTANDING AND FRIENDSHIP BETWEEN JAPAN AND MICHIGAN THROUGH CONTRIBUTION TO THE LOCAL COMMUNITIES. SIGNIFICANT ACTIVITIES AS CONTRIBUTION TO THE COMMUNITIES ARE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIP AND GRANT AWARD TO BOTH THE UNIVERSITY AND HIGH SCHOOL STUDENTS WHO WANT TO STUDY IN JAPAN. ALSO, FINANCIAL ASSISTANCE TO THE ACTIVITIES OF NPOS IN MICHIGAN IN THREE FIELDS WHICH ARE COMMUNITY ENHANCEMENT, EDUCATION & RESEARCH, AND US-JAPAN RELATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL GRANTS U.S. JAPAN RELATIONS
JCMU SCHOLARSHIPS EDUCATION AND RESEARCH
YFU SCHOLARSHIPS EDUCATION AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shosaku Ueda Secretary | OfficerTrustee | 2 | $0 |
Hiroaki Yamasaki President - As Of 3-16-23 | OfficerTrustee | 1 | $0 |
Yasunori Kobayashi Treasurer | OfficerTrustee | 1 | $0 |
Tatsuya Iwatsuki President - Thru 3-16-23 | OfficerTrustee | 1 | $0 |
David Roden Board Member | Trustee | 1 | $0 |
Hideo Jimbo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,390 |
| Fundraising events | $6,300 |
| 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 | $113,690 |
| Total Program Service Revenue | $0 |
| Investment income | $15,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,407 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,860 |
| 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 | $0 |
| 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 | $0 |
| Total functional expenses | $102,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,634 |
| Savings and temporary cash investments | $0 |
| 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 | $760 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $937,288 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,085,682 |
| 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 | $1,085,682 |
| 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 | $1,085,682 |
Grants Awarded
Over the last fiscal year, Japanese Soc Of Detroit Foundation has awarded $15,220 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JAPAN CENTER FOR MICHIGAN UNIVERSITIES PURPOSE: TO ASSIST THE JAPANESE STUDY PROGRAM OF JCMU WHICH BRIDGE THE COLLEGE STUDENTS BETWEEN MICHIGAN AND JAPAN. | $6,000 |
AMERICAN RED CROSS PURPOSE: TO PROVIDE SUPPORT FOR HURRICANE RELIEF | $9,220 |