Japan Business Association Of Southern Calif
- Assets
- $2.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Gardena, CA
- Founding
- 09/1962
- Data as of
- 03/2024
- EIN
- 95-2125328
Organization Overview
Japan Business Association Of Southern Calif is located in Gardena, CA. The organization was established in 1962. 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 03/2024, Japan Business Association Of Southern Calif employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japan Business Association Of Southern Calif is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2024, Japan Business Association Of Southern Calif generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $996.2k during the year ending 03/2024. While expenses have increased by 1.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPROVE BUSINESS ENVIRONMENT FOR JAPANESE COMPANIES IN SOCAL PRIMARILY THROUGH MEMBERSHIP SERVICES. THEY ALSO PROVIDE EDUCATIONAL SUPPORT AND STRENGTHEN TIES WITH THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE JAPAN BUSINESS ASSOCIATION OF SOUTHERN CALIFORNIA IS TO DEVELOP AND IMPROVE THE BUSINESS ENVIRONMENT FOR JAPANESE COMPANIES IN SOUTHERN CALIFORNIA THROUGH MEMBERSHIP SERVICES, EDUCATIONAL SUPPORT ACTIVITIES AND STRENGTHENING TIES WITH THE LOCAL COMMUNITY THROUGH CULTURAL EXCHANGE PROGRAMS AND CONTRIBUTIONS - REVENUE IS PRIMARILY THROUGH MEMBERSHIP DUES, BUT ALSO THROUGH AUXILIARY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Fumio Yasue Executive Director | Officer | 40 | $93,417 |
Mr Masahiko Yamamoto President | OfficerTrustee | 1 | $0 |
Mr Tomoki Nakatani Executive VP | OfficerTrustee | 1 | $0 |
Mr Takato Hayashi Secretary | OfficerTrustee | 1 | $0 |
Mr Toshihide Kotake VP | OfficerTrustee | 1 | $0 |
Various Names Available Upon Reques Board Of Directors | Trustee | 1 | $0 |
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 | $136,591 |
| Noncash contributions included in lines 1a–1f | $136,591 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,591 |
| Total Program Service Revenue | $849,620 |
| Investment income | $49,687 |
| 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 | $1,035,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,000 |
| 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. | $93,417 |
| Compensation of current officers, directors, key employees. | $32,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,666 |
| Payroll taxes | $21,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,800 |
| 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 | $3,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,027 |
| Travel | $9,459 |
| 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 | $5,394 |
| Insurance | $11,159 |
| All other expenses | $0 |
| Total functional expenses | $996,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,227 |
| Savings and temporary cash investments | $1,300,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,217 |
| 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 | $24,226 |
| Net Land, buildings, and equipment | $13,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $363,261 |
| Total assets | $2,028,302 |
| Accounts payable and accrued expenses | $64,060 |
| Grants payable | $0 |
| Deferred revenue | $3,655 |
| 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 | $401,797 |
| Total liabilities | $469,512 |
| Net assets without donor restrictions | $1,558,790 |
| 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 | $2,028,302 |
Grants Awarded
Over the last fiscal year, Japan Business Association Of Southern Calif has awarded $41,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASAHI GAKUEN PURPOSE: Support of Education | $36,000 |
JAPANESE AMERICAN NATL MUSEUM PURPOSE: Support of Culture | $5,000 |