Gardena Valley Japanese Cultural Institute
- Assets
- $4.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Gardena, CA
- Founding
- 01/1968
- Data as of
- 09/2023
- EIN
- 95-6197597
Organization Overview
Gardena Valley Japanese Cultural Institute is located in Gardena, CA. The organization was established in 1968. As of 09/2023, Gardena Valley Japanese Cultural Institute employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gardena Valley Japanese Cultural Institute 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 09/2023, Gardena Valley Japanese Cultural Institute 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 6.3% each year. All expenses for the organization totaled $810.5k during the year ending 09/2023. While expenses have increased by 4.7% 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
SERVE THE NEEDS OF THE LOCAL JAPANESE AMERICAN COMMUNITY THROUGH EDUCATIONAL, CULTURAL, AND SOCIAL PROGRAMS THAT SHARE THE JAPANESE AND JAPANESE AMERICAN CULTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE PROGRAMS FOR SENIORS AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Kochiyama Executive Director | 40 | $98,934 | |
Michelle Hirano Director | Trustee | 0.5 | $0 |
Charles Oyagi Director | Trustee | 0.5 | $0 |
Taylor Weik Director | Trustee | 0.5 | $0 |
Miles Akiyama Director | Trustee | 0.5 | $0 |
Grant Nakaoka Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,521 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,092 |
| Noncash contributions included in lines 1a–1f | $84,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,613 |
| Total Program Service Revenue | $250,195 |
| Investment income | -$1,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,538 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,024,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,283 |
| Compensation of current officers, directors, key employees. | $102,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,000 |
| Pension plan accruals and contributions | $10,497 |
| Other employee benefits | $1,300 |
| Payroll taxes | $27,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $809 |
| Office expenses | $726 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,172 |
| Insurance | $79,764 |
| All other expenses | $89,862 |
| Total functional expenses | $810,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,395 |
| 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 | $1,210,162 |
| Investments—publicly traded securities | $1,739,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,090,219 |
| Accounts payable and accrued expenses | $13,076 |
| 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 | $7,200 |
| Total liabilities | $20,276 |
| Net assets without donor restrictions | $3,285,288 |
| Net assets with donor restrictions | $784,655 |
| 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 | $4,090,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
French International School Of Oregon Portland, OR | $31,866,653 | $12,594,751 |
South Coast Chinese Cultural Asso Irvine, CA | $15,177,074 | $2,696,577 |
Gardena Valley Japanese Cultural Institute Gardena, CA | $4,090,219 | $1,024,221 |
German American Society Portland, OR | $9,803,630 | $476,045 |
Central Chinese High School In America San Francisco, CA | $1,255,748 | $530,326 |
Alliance Francaise Silicon Valley Los Gatos, CA | $151,020 | $306,136 |
Berryessa Chinese Community School Inc San Jose, CA | $584,824 | $287,332 |
Palo Alto Chinese School Palo Alto, CA | $497,981 | $203,455 |
Hollywood Japanese Cultural Institute Los Angeles, CA | $326,558 | $0 |
United Chinese American Association Huntington Beach, CA | $153,820 | $0 |
Cupertino Chinese School Cupertino, CA | $192,421 | $39,642 |
Montclair Language League Oakland, CA | $43,101 | $0 |