Japan America Society Of Colorado
- Assets
- $391.0k
- Revenue
- $287.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 84-1125146
Organization Overview
Japan America Society Of Colorado is located in Denver, CO. The organization was established in 1990. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Japan America Society Of Colorado employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan America Society Of Colorado 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, Japan America Society Of Colorado generated $287.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $257.8k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JAPAN AMERICA SOCIETY OF COLORADO IS DEDICATED TO SUPPORTING PEOPLE TO PEOPLE RELATIONSHIPS BETWEEN COLORADO AND JAPAN BY SERVING AS A BRIDGE TO CONNECT VIA BUSINESS, EDUCATION, CIVIC, AND CULTURAL OPPORTUNITIES. WE ARE DEDICATED TO PROMOTING POSITIVE U.S.-COLORADO-JAPAN RELATIONS THROUGH DEVELOPING RELATIONSHIPS ON MANY LEVELS THROUGHOUT OUR STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JASC ANNUAL GALA IN 2022 FOCUSED ON THE CULTURE OF KIMONO - BOTH TRADITIONAL AND MODERN. THIS EVENT WAS ATTENDED BY OVER 200 INTERNATIONAL BUSINESS PEOPLE IN THE COLORADO COMMUNITY. WE SHOWCASED KIMONO WORN BY MODELS AND ALSO DISPLAYED THROUGHOUT THE ROOM AND HAD AN EXPERT EXPLANATION ON HOW THE KIMONO ARE CREATED USING TRADITIONAL METHODS MORE THAN ONE THOUSAND YEARS OLD. WE ALSO SHOWED THE MODERN TREND OF UPCYCLING OLD OR DAMAGED KIMONO TO CREATE MODERN CLOTHING AND ACCESSORIES. A DEMONSTRATION OF THE TRADITIONAL MARTIAL ART *IAIDO* SHOWCASED THE KIMONO IN YET ANOTHER WAY. THIS WAS AN EXTREMELY SUCCESSFUL EVENT AND WAS OUR HIGHEST PROGRAM EXPENSE OF THE YEAR.
THE JASC ANNUAL CHARITY GOLF TOURNAMENT IS AN IMPORTANT NETWORKING EVENT THAT ALLOWS MEMBERS OF THE LOCAL INTERNATIONAL BUSINESS COMMUNITY TO COME TOGETHER FOR A RELAXED DAY OF GOLF FOLLOWED BY A SUSHI DINNER. EMPLOYEES OF BOTH JAPANESE COMPANIES LOCATED IN COLORADO AND COLORADO COMPANIES DOING BUSINESS IN JAPAN HAVE THE CHANCE TO MEET AND LEARN FROM ONE ANOTHER. THIS FUN EVENT WAS HELD IN JUNE, MOVING IT BACK TO SUMMER BUT A BIT EARLIER IN THE YEAR TO AVOID THE EXTREME HEAT OF JULY AND AUGUST. WE WELCOMED MORE THAN 100 GOLFERS AND 10 VOLUNTEERS.
A NEW EVENT THIS YEAR WAS THE JAPAN CURRENTS, SUPPORTED BY THE NATIONAL ASSOCIATION OF JAPAN AMERICA SOCIETIES AND THE EMBASSY OF JAPAN. HELD ON MARCH 7, WE WELCOMED AROUND 100 BUSINESS PEOPLE AND A PANEL OF SPEAKERS TO HIGHLIGHT THE 2022 ECONOMIC OUTLOOK FOR THE U.S. AND JAPAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudine Locascio Executive Director | Officer | 40 | $81,388 |
Jessyca Livingston Program Coordinator | Officer | 20 | $27,096 |
Richard K Clark Senior Vice President | OfficerTrustee | 5 | $0 |
John Bywaters Treasurer | OfficerTrustee | 5 | $0 |
William Badger Director | Trustee | 1 | $0 |
Shigemi Cree Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,439 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,410 |
| Total Program Service Revenue | $152,949 |
| Investment income | $333 |
| 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 | $13,470 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,463 |
| Compensation of current officers, directors, key employees. | $29,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,917 |
| 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 | $6,695 |
| Advertising and promotion | $2,446 |
| Office expenses | $11,907 |
| 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 | $6,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,675 |
| All other expenses | $30 |
| Total functional expenses | $257,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,734 |
| Savings and temporary cash investments | $109,243 |
| 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 | $390,977 |
| 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 | $374,872 |
| Net assets with donor restrictions | $16,105 |
| 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 | $390,977 |