The Crown Prince Akihito Scholarship Foundation
- Assets
- $3.1m
- Revenue
- $113.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 99-0261751
Organization Overview
The Crown Prince Akihito Scholarship Foundation is located in Honolulu, HI. The organization was established in 1992. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crown Prince Akihito Scholarship Foundation 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, Crown Prince Akihito Scholarship Foundation generated $113.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $100.3k during the year ending 12/2022. 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
TO PROMOTE HARMONIOUS AND FRIENDLY RELATIONS BETWEEN THE PEOPLES OF THE UNITED STATES AND JAPAN BY PROMOTING EDUCATIONAL AND CULTURAL ACTIVITIES AND BY AWARDING SCHOLARSHIPS AND GRANTS TO STUDENTS ENROLLED AT UNIVERSITIES IN THE STATE OF HAWAII, WHO ARE APPLYING FOR GRADUATE STUDY AT INSTITUTIONS OF HIGHER LEARNING IN JAPAN OR TO STUDENTS AT UNIVERSITIES IN JAPAN APPLYING FOR GRADUATE STUDY AT A UNIVERSITY IN HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CROWN PRINCE AKIHITO SCHOLARSHIP - THE ORGANIZATION SUPPORTS STUDENTS WITH SCHOLARSHIPS. THE SCHOLARSHIPS TO AMERICAN STUDENTS COVER ONE OR TWO YEARS OF STUDY IN JAPAN, WHICH INCLUDES A SCHOLARSHIP OF UP TO $30,000 PLUS A TUITION AND COST OF LIVING ALLOWANCE OF $15,000 ANNUALLY. THE SCHOLARSHIPS FOR JAPANESE STUDENTS ARE FOR ONE OR TWO YEARS OF STUDY AT THE UNIVERSITY OF HAWAII AND PROVIDE A SCHOLARSHIP OF UP TO $25,000 AND $1,500 IN TRAVEL REIMBURSEMENTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Dinell Trustee | Trustee | 0.1 | $0 |
Dennis Esaki Trustee | Trustee | 0.1 | $0 |
Howard Hamamoto Trustee | Trustee | 0.1 | $0 |
Robert Harrison Trustee | Trustee | 0.1 | $0 |
Donald Horner Trustee | Trustee | 0.1 | $0 |
Robert Huey Trustee | Trustee | 0.1 | $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 | $13,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,500 |
| Total Program Service Revenue | $0 |
| Investment income | $80,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,317 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,930 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,611 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,180 |
| Travel | $6 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $100,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,488 |
| Pledges and grants receivable | $4,000 |
| 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 | $2,978,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,067,516 |
| 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 | $3,063,516 |
| Net assets with donor restrictions | $4,000 |
| 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 | $3,067,516 |