Asahi Gakuen
- Assets
- $3.5m
- Revenue
- $3.5m
- Investments
- $528.0
- Employees
- 148
- Location
- Torrance, CA
- Founding
- 10/1973
- Data as of
- 03/2023
- EIN
- 95-2578684
Organization Overview
Asahi Gakuen is located in Torrance, CA. The organization was established in 1973. 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 03/2023, Asahi Gakuen employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asahi Gakuen 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 03/2023, Asahi Gakuen generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.7m during the year ending 03/2023. While expenses have increased by 0.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE SCHOOL ENGAGED IN THE EDUCATION OF JAPANESE CURRICULUM, WHICH INCLUDES LANGUAGE, HISTORY, MATH, SCIENCE AND OTHER SUBJECTS. ALL SUBJECTS ARE TAUGHT IN JAPANESE LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE SCHOOL ENGAGED IN THE EDUCATION OF JAPANESE CURRIULUM WHICH INCLUDES LANGUAGE, HISTORY, MATH AND SCIENCE TAUGHT IN JAPANESEAPPROXIMATE NUMBER OF STUDENTS 1,071 NUMBER OF TEACHERS 109. AND OFFICE EMPLOYEES 8
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Etsuko Iwai Executive Director | Officer | 40 | $85,020 |
Mikihiko Shimada Chairman | OfficerTrustee | 1 | $0 |
Saburo Ito CFO | OfficerTrustee | 1 | $0 |
Tetsuro Otsubo Vice Chairman, Secretary | OfficerTrustee | 1 | $0 |
Ryohei Iwai Vice Chairman | OfficerTrustee | 1 | $0 |
Kenichiro Azumaya Director | 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 | $803,515 |
| Noncash contributions included in lines 1a–1f | $1,335 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $803,515 |
| Total Program Service Revenue | $2,650,682 |
| Investment income | $32,359 |
| 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 | $3,486,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $85,020 |
| Compensation of current officers, directors, key employees. | $85,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,673,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $134,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,824 |
| Fees for services: Accounting | $20,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,566 |
| Advertising and promotion | $24,992 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $985,003 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,771 |
| Interest | $62 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,308 |
| Insurance | $0 |
| All other expenses | $214,499 |
| Total functional expenses | $3,698,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $958,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $390,698 |
| 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 | $48,928 |
| Net Land, buildings, and equipment | $58,799 |
| Investments—publicly traded securities | $1,830,448 |
| Investments—other securities | $528 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,362 |
| Total assets | $3,498,468 |
| Accounts payable and accrued expenses | $141,442 |
| 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 | $209,127 |
| Total liabilities | $350,569 |
| Net assets without donor restrictions | $3,147,899 |
| 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 | $3,498,468 |
Grants Awarded
Over the last fiscal year, Asahi Gakuen has awarded $8,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH EL MONTE HIGH SCHOOL PURPOSE: EDUCATION | $2,000 |
LEROY L DOIG INTERMEDIATE SCHOOL PURPOSE: EDUCATION | $2,000 |
SOUTH HIGH SCHOOL PURPOSE: EDUCATION | $2,000 |
DANIEL WEBSTEER MIDDLE SCHOOL PURPOSE: EDUCATION | $2,000 |