Japan Day Inc
Nonprofit profile at a glance
- EIN
- 205864522
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New York, NY, USA
- Phone
- 2125062120
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $1,692,734
- Expenses
- $1,649,504
- Assets
- $680,871
- Liabilities
- $78,649
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
People named in this filing
- KUMIKO YOSHII (VICE PRESIDE)
- MIKIO MORI (HONORARY CHA)
- KOICHI YAMAGUCHI (VICE CHAIRMA)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Japan day's mission is to build bridges of cultural understanding between the people of japan and the us; to show the local japanese community's appreciation toward their home city, New York, and to facilitate a stronger connection among local japanese communities.
What it reported doing in 2024
Japan day inc. Held an event called japan day, which featured traditional and contemporary japanese culture, including a wide range of family- friendly actitivies and performances throughout the day.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.8%; rating input score 56
- Program expense ratio: 57.1%; rating input score 57
- Fundraising efficiency: $67.45 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 17% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 55.8% of revenue deployed · 57.1% of spending went to programs
- Governance: 23 of 23 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $941K in reported program spending
- Leadership: top reported pay $0 · 27 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.