Japan Business Association Of Seattle
- Assets
- $1.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Bellevue, WA
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 42-1554112
Organization Overview
Japan Business Association Of Seattle is located in Bellevue, WA. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Japan Business Association Of Seattle employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan Business Association Of Seattle 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, Japan Business Association Of Seattle generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 2.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE SEATTLE JAPANESE SCHOOL LOCATED IN BELLEVUE, WA AND PROMOTE CLOSER RELATIONSHIPS BETWEEN MEMBERS AND COMMUNITY.
Describe the Organization's Program Activity:
SEATTLE JAPANESE SCHOOL (HOSHUKO): TEACHING AND ADMINISTERING JAPANESE LANGUAGE, MATH, AND OTHER SUBJECTS FOLLOWING A STANDARD DEVELOPED IN CONSULTATION WITH THE JAPANESE MINISTRY OF EDUCATION.
SEATTLE NIHON SHOKOKAI: AN OGRANIZATION HELPING THE JAPANESE BUSINESS COMMUNITY THROUGH SEMINARS THAT PROMOTE GOODWILL BETWEEN THE U.S. AND JAPAN. ALSO SUPPORTING AND ENCOURAGING VOLUNTEER ACTIVITIES TO ASSIST THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asami Tsuruta Executive Director | Officer | 40 | $96,705 |
Nobuyuki Odagiri President | OfficerTrustee | 5 | $0 |
Takashi Morikubo Vice President | OfficerTrustee | 5 | $0 |
Tomohiro Asano Vice President | OfficerTrustee | 5 | $0 |
Takeshi Ando Vice President | OfficerTrustee | 5 | $0 |
Taro Kumashiro Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,808 |
| Total Program Service Revenue | $1,399,517 |
| Investment income | $7,728 |
| 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 | $1,604,843 |
| 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. | $96,705 |
| Compensation of current officers, directors, key employees. | $96,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $919,887 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $131,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,655 |
| Advertising and promotion | $0 |
| Office expenses | $82,831 |
| Information technology | $57,533 |
| Royalties | $0 |
| Occupancy | $235,930 |
| Travel | $312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,238 |
| All other expenses | $0 |
| Total functional expenses | $1,870,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,308,636 |
| Savings and temporary cash investments | $255,209 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,563,845 |
| 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 | $0 |
| 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 | $1,563,845 |
| Total liabilities and net assets/fund balances | $1,563,845 |