Asahi Gakuen
- Assets
- $3.5m
- Revenue
- $2.4m
- Investments
- $142.0
- Employees
- 155
- Location
- Torrance, CA
- Founding
- 10/1973
- Data as of
- 03/2022
- 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 03/2022, Asahi Gakuen employed 155 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 03/2022, Asahi Gakuen generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $2.0m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. 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
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 1,072 NUMBER OF TEACHERS 105. AND OFFICE EMPLOYEES 50
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Etsuko Iwai Executive Director | Officer | 40 | $87,571 |
Saburo Ito V President/treasury | OfficerTrustee | 1 | $0 |
Ryohei Iwai V President | OfficerTrustee | 1 | $0 |
Takashi Tanaka President | OfficerTrustee | 1 | $0 |
Kazuko Ono Secretary | OfficerTrustee | 1 | $0 |
Aya Isumitani 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 | $624,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,156 |
| Total Program Service Revenue | $1,740,886 |
| Investment income | $9,927 |
| 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 | $2,374,969 |
| 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. | $87,571 |
| Compensation of current officers, directors, key employees. | $87,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,077,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $125,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,699 |
| Advertising and promotion | $17,902 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,231 |
| Insurance | $151,486 |
| All other expenses | $95,076 |
| Total functional expenses | $2,043,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,061,220 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $128,102 |
| 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 | $80,910 |
| Net Land, buildings, and equipment | $68,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $142 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,485 |
| Total assets | $3,509,383 |
| Accounts payable and accrued expenses | $113,993 |
| 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 | $35,730 |
| Total liabilities | $149,723 |
| Net assets without donor restrictions | $3,359,660 |
| 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 | $3,509,383 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Asahi Gakuen has recieved totaling $7,071.
| Awarding Organization | Amount |
|---|---|
United Way Of Bergen County Paramus, NJ PURPOSE: DONOR DESIGNATION | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cultura Y Arte Nativa De Las Americas San Francisco, CA | $2,055,522 | $13,827,231 |
American Indian Health & Services Corporation Santa Barbara, CA | $10,365,655 | $13,137,792 |
River Of Life Foundation Santa Clara, CA | $1,212,027 | $11,599,827 |
Destination Crenshaw Los Angeles, CA | $35,511,106 | $11,299,025 |
The Epoch Times Media Group Los Angeles El Monte, CA | $739,683 | $7,015,472 |
Priddy Family Foundation Las Vegas, NV | $28,899,625 | $10,430,994 |
Kanu O Ka Aina Learning Ohana Kamuela, HI | $16,258,612 | $5,026,413 |
Napa Valley Festival Association Walnut Creek, CA | $13,659,159 | $11,728,133 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Puente De La Costa Sur Pescadero, CA | $6,663,176 | $5,921,974 |
San Francisco Japanese School San Francisco, CA | $7,835,658 | $4,070,640 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |