Aozora Community Foundation Inc
- Assets
- $3.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Brooklyn, NY
- Founding
- 08/2016
- Data as of
- 08/2023
- EIN
- 81-2989023
Organization Overview
Aozora Community Foundation Inc is located in Brooklyn, NY. The organization was established in 2016. 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. As of 08/2023, Aozora Community Foundation Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aozora Community 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 08/2023, Aozora Community Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $2.5m during the year ending 08/2023. 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
AOZORA COMMUNITY FOUNDATION AIMS TO ENHANCE OPPORTUNITIES FOR NEW YORK AREA FAMILIES TO ENGAGE WITH JAPAN'S UNIQUE LANGUAGE, ARTS AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PROGRAMMATIC ACTIVITIES INCLUDE OPERATING OR OFFERING BILINGUAL JAPANESE-ENGLISH PRE-SCHOOL OR DAYCARE FOR CHILDREN 0-9+, ADULT LANGUAGE CLASSES, CULTURAL AND FAMILY EDUCATION WORKSHOPS AND PANELS, AND AFTER-SCHOOL EVENTS, CAMPS, AND WEEKEND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Tomioka President | OfficerTrustee | 2 | $0 |
Sakura Moriuchi Treasurer | OfficerTrustee | 2 | $0 |
Marie Onaga Secretary | OfficerTrustee | 2 | $0 |
Nancy Murakami Director | Trustee | 1 | $0 |
Miho Nishimaniwa Founder & School Director | Officer | 40 | $88,150 |
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 | $36,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,253 |
| Total Program Service Revenue | $2,286,751 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,323,004 |
| 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. | $88,991 |
| Compensation of current officers, directors, key employees. | $13,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,192,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,470 |
| Payroll taxes | $119,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,900 |
| Advertising and promotion | $2,300 |
| Office expenses | $11,351 |
| Information technology | $20,129 |
| Royalties | $0 |
| Occupancy | $494,957 |
| 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 | $67,411 |
| Insurance | $22,154 |
| All other expenses | $103,113 |
| Total functional expenses | $2,528,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $640 |
| 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 | $464,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,826,756 |
| Total assets | $3,032,759 |
| Accounts payable and accrued expenses | $58,510 |
| Grants payable | $0 |
| Deferred revenue | $916,699 |
| 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 | $1,894,355 |
| Total liabilities | $2,869,564 |
| Net assets without donor restrictions | $163,195 |
| 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 | $3,032,759 |