United States-Japan Bridging Foundation Inc
- Assets
- $834.4k
- Revenue
- $558.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Acton, MA
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 52-2100673
Organization Overview
United States-Japan Bridging Foundation Inc is located in Acton, MA. The organization was established in 1998. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States-Japan Bridging Foundation Inc 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, United States-Japan Bridging Foundation Inc generated $558.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $509.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BRIDGING FOUNDATION AIMS TO EXPAND THE OPPORTUNITIES FOR STUDY ABROAD IN JAPAN BY GRANTING INCENTIVE SCHOLARSHIPS TO AMERICAN UNDERGRADUATE STUDENTS TO HELP PREPARE AMERICA'S YOUNG PEOPLE TO ASSUME FUTURE GLOBAL LEADERSHIP ROLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THREE CORE ACTIVITIES COMPRISE USJBF'S GLOBAL EDUCATION MISSION: PROMOTING STUDY ABROAD TO JAPAN AMONG AMERICAN UNDERGRADUATES, FUNDING SCHOLARSHIPS TO SUPPORT AMERICANS TO STUDY IN JAPAN, AND PROVIDING PROGRAMMING SUPPORT TO THOSE STUDENTS BEFORE, DURING, AND AFTER THEIR STUDY ABROAD EXPERIENCE.AT THE CORE OF THE FOUNDATION IS THE BRIDGING SCHOLARS SCHOLARSHIP PROGRAM. EACH SCHOLARSHIP RECIPIENT SPENDS A SEMESTER OR ACADEMIC-YEAR IN JAPAN TAKING CLASSES AT A LOCAL JAPANESE UNIVERSITY AND STUDYING THE LANGUAGE AND CULTURE WHERE THEY DEEPEN THEIR UNDERSTANDING OF THE COUNTRY. THE PROGRAM, WITH ITS EMPHASIS ON TRADITIONALLY UNDERREPRESENTED STUDENTS, SUPPORTS UNDERGRADUATES WHO DEMONSTRATE GENUINE FINANCIAL NEED AND ACADEMIC EXCELLENCE.THE BRIDGING SCHOLARS PROGRAM IS A PROVEN MECHANISM TO INCREASE THE NUMBER AND DIVERSITY OF AMERICANS WHO PURSUE CAREERS RELATED TO JAPAN AND HAS AS ITS GOAL THE STRENGTHENING THE U.S. PARTNERSHIP. WE BELIEVE THAT EDUCATIONAL EXCHANGES OF THIS NATURE HAVE AN IMPORTANT LONG-TERM IMPACT ON THE UNIQUE U.S.-JAPAN BILATERAL RELATIONSHIP AND RESULTS IN CLOSER TIES BETWEEN THE TWO NATIONS. SINCE ITS FOUNDING THE FOUNDATION HAS AWARDED 2,000 SCHOLARSHIPS TOTALING OVER $7,500,000 IN GRANTS OF $2,500 TO $7,500 EACH HELPING ACADEMICALLY AND FINANCIALLY DESERVING UNDERGRADUATES. BRIDGING SCHOLARS REPRESENT EVERY STATE AND STUDY IN IN NEARLY EVERY JAPANESE PREFECTURE.SCHOLARSHIP PROGRAM: THE FOUNDATION SOLICITS APPLICATIONS FOR SCHOLARSHIPS TO STUDY IN JAPAN FOR EITHER AN ACADEMIC YEAR OR ONE SEMESTER. WE RECEIVE AT LEAST FOUR APPLICATIONS FOR EVERY ONE AWARDED, DEMONSTRATING BOTH STRONG INTEREST IN STUDYING IN JAPAN AND DEMAND FOR FINANCIAL ASSISTANCE, GIVEN THE HIGH COST OF TRAVELING TO AND LIVING IN JAPAN. TODAY WE AWARD APPROXIMATELY 70-100 SCHOLARSHIPS ANNUALLY AT A TOTAL VALUE OF $250,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thierry G Porte Chairman | OfficerTrustee | 5 | $0 |
Harry Hill Vice Chairman | OfficerTrustee | 1 | $0 |
Susan Pharr Director | Trustee | 1 | $0 |
David Sneider Secretary | OfficerTrustee | 1 | $0 |
Robert Noddin Treasurer | OfficerTrustee | 1 | $0 |
William Tsutsui Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,606 |
| Total Program Service Revenue | $0 |
| Investment income | $23,139 |
| 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 | $558,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $251,448 |
| 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. | $162,148 |
| Compensation of current officers, directors, key employees. | $7,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,067 |
| Advertising and promotion | $0 |
| Office expenses | $7,490 |
| Information technology | $6,569 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,785 |
| 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 | $1,324 |
| All other expenses | $1,495 |
| Total functional expenses | $509,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,802 |
| Savings and temporary cash investments | $699,050 |
| Pledges and grants receivable | $97,457 |
| 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 | $1,103 |
| 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 | $834,412 |
| Accounts payable and accrued expenses | $4,514 |
| 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 | $4,514 |
| Net assets without donor restrictions | $330,703 |
| Net assets with donor restrictions | $499,195 |
| 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 | $834,412 |
Grants Awarded
Over the last fiscal year, United States-Japan Bridging Foundation Inc has awarded $376,116 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF TEACHERS OF JAPANESE PURPOSE: SCHOLARSHIPS | $323,500 |
USJETAA PURPOSE: FISCAL SPONSOR RETURN OF FUNDS | $44,616 |
US DEPARTMENT OF STATE PURPOSE: RETURN OF GRANT FUNDS | $8,000 |