Miho Belmont International Inc
- Assets
- $3.1m
- Revenue
- $251.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-1424117
Organization Overview
Miho Belmont International Inc is located in Belmont, MA. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miho Belmont International 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 12/2022, Miho Belmont International Inc generated $251.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $278.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION MIHO BELMONT INTERNATIONAL IS DEDICATED TO DEEPENING THE UNDERSTANDING AND APPRECIATION OF TRADITIONAL JAPANESE ARTS AND AESTHETICS AS WELL AS SPIRITUAL AND ENVIRONMENTAL VALUES. THE OVERALL MISSION IS TO HELP INTEGRATE ART AND BEAUTY INTO EVERYDAY LIFE, TO FOSTER A WAY OF LIVING IN HARMONY WITH NATURE, AND TO CULTIVATE VALUES THAT WILL LEAD TO THE BETTERMENT OF SOCIETY. THE ARCHITECTURE AND PHYSICAL ENVIRONMENT OF MIHO BELMONT INTERNATIONAL ARE DESIGNED TO DEMONSTRATE THE RICH AESTHETIC TRADITIONS OF JAPAN AS WELL AS THE LONG HELD BELIEF IN RESPECTING AND CARING FOR NATURE. ITS PROGRAMS AND ACTIVITIES AIM TO INCREASE AWARENESS OF THE INTERCONNECTION BETWEEN BEAUTY, NATURE AND HUMAN WELL-BEING. OVERVIEW OF THE MIHO BELMONT INTERNATIONAL MIHO BELMONT INTERNATIONAL (MBI) IS A CULTURAL AND EDUCATIONAL INSTITUTION, INSPIRED BY JAPANESE CULTURAL VALUES, BASED IN BELMONT, MASSACHUSETTS. MBI WILL OFFER PROGRAMS AND ACTIVITIES TO ENHANCE THE UNDERSTANDING OF JAPANESE ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES WERE FOR ORGANIZATIONAL PURPOSES AND MAINTAINING THE REAL ESTATE THAT WAS PURCHASED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamao Koyama President | OfficerTrustee | 1 | $0 |
Masahide Koyama Treasurer | OfficerTrustee | 1 | $0 |
Alan Imai Director | Trustee | 1 | $0 |
Alice Cunningham Director | Trustee | 1 | $0 |
Peter Grilli Clerk | OfficerTrustee | 40 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,914 |
| Total Program Service Revenue | $18,000 |
| 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 | $1,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,973 |
| 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. | $171,914 |
| Compensation of current officers, directors, key employees. | $34,383 |
| 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 | $5,550 |
| Fees for services: Accounting | $8,070 |
| 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 | $134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,326 |
| Insurance | $5,387 |
| All other expenses | $1,828 |
| Total functional expenses | $278,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,588 |
| 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 | $2,412 |
| Net Land, buildings, and equipment | $3,034,033 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,075,033 |
| Accounts payable and accrued expenses | $20 |
| 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 | $20 |
| Net assets without donor restrictions | $3,075,013 |
| 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 | $3,075,033 |