United States - Japan Innovation Institute Inc

Nonprofit profile at a glance

EIN
994863136
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Belmont, MA, USA
Phone
6176306900
Rating
43
Verdict
MIXED
Rating confidence
Limited
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$1,000,000
Expenses
$0
Assets
$1,000,000
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • SAMANTHA WEINSTOCK (PRES, CLERK, & DIRECTOR)
  • KATE MCCALL-KILEY (TREASURER & DIRECTOR)
  • ALEXANDER LOURIE (DIRECTOR)

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

United states - japan innovation institute, inc. ("us-jii") is organized exclusively for charitable, educational, and scientific purposes within the meaning of section 501(c)(3) of the internal revenue code (the "code"), including, but not limited to, the advancement of educational programs and scientific research that promote innovation and foster and facilitate collaboration between american and japanese universities and their academic researchers and technologists; and the making of distributions under section 501(c)(3) of the code.

What it reported doing in 2024

Us-jii will provide financial and other support to the chiba institute of technology ("cit") in japan to support its educational and scientific programs and research, at the full discretion of the us-jii's independent board of directors. In particular, us-jii will make grants to cit to support the establishment of a new graduate school of design and science. Cit is a fully accredited, degree-granting university that was founded in 1942 in response to growing demand in japan for technology education. Cit is known for its engineering and computer science programs at both the undergraduate and graduate levels and is one of the largest technology institutes in japan with nearly 10,000 students.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 73
  • Sustainability: 11
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

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: 75%; rating input score 75; 16th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 3 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.