Civic Intelligence

Japan Society Inc

EIN 13-1675082 • 501(c)3 • New York, NY

Profile

Japan society is the premier organization connecting japanese arts, culture, business, and society with audiences in new york and around the world. In fy2024, attendance onsite was 36.9k with 3.3k participating in online programs.

Refreshing map…

333 East 47th StreetNew York, NY 10017-2399

www.japansociety.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.10x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

14th percentile

-13%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$629,895

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

50th percentile

5.9%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$79,819,549

Up $4,438,657 (+5.9%) from 2023

Liabilities

Up

$1,307,790

Up $271,464 (+26%) from 2023

Net Assets

Up

$78,511,759

Up $4,167,193 (+5.6%) from 2023

Revenue

Up

$12,548,989

Up $2,276,738 (+22%) from 2023

Expenses

Up

$14,157,245

Up $424,568 (+3.1%) from 2023

Net Income

Up

-$1,608,256

Up $1,852,170 (+54%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $76,919,525Liabilities 2011: $815,001Net Assets 2011: $76,104,5242011Assets 2012: $73,220,948Liabilities 2012: $805,411Net Assets 2012: $72,415,5372012Assets 2013: $75,317,367Liabilities 2013: $789,893Net Assets 2013: $74,527,4742013Assets 2014: $75,893,626Liabilities 2014: $1,044,198Net Assets 2014: $74,849,4282014Assets 2015: $71,562,015Liabilities 2015: $899,300Net Assets 2015: $70,662,7152015Assets 2016: $68,223,512Liabilities 2016: $853,370Net Assets 2016: $67,370,1422016Assets 2017: $74,732,521Liabilities 2017: $820,343Net Assets 2017: $73,912,1782017Assets 2018: $77,200,768Liabilities 2018: $886,471Net Assets 2018: $76,314,2972018Assets 2019: $78,004,329Liabilities 2019: $1,638,127Net Assets 2019: $76,366,2022019Assets 2020: $75,635,167Liabilities 2020: $1,740,907Net Assets 2020: $73,894,2602020Assets 2021: $91,776,832Liabilities 2021: $1,929,434Net Assets 2021: $89,847,3982021Assets 2022: $74,080,540Liabilities 2022: $993,271Net Assets 2022: $73,087,2692022Assets 2023: $75,380,892Liabilities 2023: $1,036,326Net Assets 2023: $74,344,5662023Assets 2024: $79,819,549Liabilities 2024: $1,307,790Net Assets 2024: $78,511,7592024

Highlighted filing

2024

Assets$79,819,549
Liabilities$1,307,790
Net Assets$78,511,759

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $21,623,111Expenses 2011: $12,041,922Net Income 2011: $9,581,1892011Revenue 2012: $11,920,624Expenses 2012: $14,317,021Net Income 2012: -$2,396,3972012Revenue 2013: $20,463,218Expenses 2013: $13,593,316Net Income 2013: $6,869,9022013Revenue 2014: $13,482,827Expenses 2014: $19,344,385Net Income 2014: -$5,861,5582014Revenue 2015: $10,162,469Expenses 2015: $11,692,055Net Income 2015: -$1,529,5862015Revenue 2016: $11,022,302Expenses 2016: $11,706,931Net Income 2016: -$684,6292016Revenue 2017: $15,377,714Expenses 2017: $11,400,918Net Income 2017: $3,976,7962017Revenue 2018: $12,003,866Expenses 2018: $11,636,180Net Income 2018: $367,6862018Revenue 2019: $11,302,094Expenses 2019: $10,817,694Net Income 2019: $484,4002019Revenue 2020: $9,820,943Expenses 2020: $11,584,799Net Income 2020: -$1,763,8562020Revenue 2021: $10,515,982Expenses 2021: $10,181,792Net Income 2021: $334,1902021Revenue 2022: $17,405,856Expenses 2022: $11,751,044Net Income 2022: $5,654,8122022Revenue 2023: $10,272,251Expenses 2023: $13,732,677Net Income 2023: -$3,460,4262023Revenue 2024: $12,548,989Expenses 2024: $14,157,245Net Income 2024: -$1,608,2562024

Highlighted filing

2024

Revenue$12,548,989
Expenses$14,157,245
Net Income-$1,608,256

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.8$1.31$78.5$12.5$14.2$1.61
2023Detailed filing. Detailed filing data is available for this year.$75.4$1.04$74.3$10.3$13.7$3.46
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.1$0.99$73.1$17.4$11.8$5.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.8$1.93$89.8$10.5$10.2$0.33
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.6$1.74$73.9$9.82$11.6$1.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.0$1.64$76.4$11.3$10.8$0.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.2$0.89$76.3$12.0$11.6$0.37
2017Summary only. Only limited summary data is available for this year.$74.7$0.82$73.9$15.4$11.4$3.98
2016Summary only. Only limited summary data is available for this year.$68.2$0.85$67.4$11.0$11.7$0.68
2015Summary only. Only limited summary data is available for this year.$71.6$0.90$70.7$10.2$11.7$1.53
2014Summary only. Only limited summary data is available for this year.$75.9$1.04$74.8$13.5$19.3$5.86
2013Summary only. Only limited summary data is available for this year.$75.3$0.79$74.5$20.5$13.6$6.87
2012Summary only. Only limited summary data is available for this year.$73.2$0.81$72.4$11.9$14.3$2.40
2011Summary only. Only limited summary data is available for this year.$76.9$0.82$76.1$21.6$12.0$9.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$26,583,368
Mission and Program Overview

Mission

Japan society is the premier organization connecting japanese arts, culture, business, and society with audiences in new york and around the world. In fy2024, attendance onsite was 36.9k with 3.3k participating in online programs.

Leading u.s. Organization committed to deepening mutual understanding between u.s. And japan

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$61,876,762$64,744,583▲ $2,867,821
Investments Other Securities$4,541,962$6,495,991▲ $1,954,029
Land, Buildings, and Equipment, Net$6,341,162$6,034,236▼ $306,926
Cash and Non-Interest-Bearing Accounts$1,172,833$1,180,484▲ $7,651
Savings and Temporary Cash Investments$764,770$845,789▲ $81,019
Prepaid Expenses and Deferred Charges$104,335$171,544▲ $67,209
Pledges and Grants Receivable$150,000$0▼ $150,000
Inventories for Sale or Use$31,978$33,152▲ $1,174
Total Assets$75,380,892$79,819,549▲ $4,438,657
Other Assets Total$397,090$313,770▼ $83,320
Liabilities
Accounts Payable and Accrued Expenses$748,546$878,884▲ $130,338
Deferred Revenue$287,780$428,906▲ $141,126
Total Liabilities$1,036,326$1,307,790▲ $271,464
Net Assets / Fund Balance
Net Assets With Donor Restrictions$59,818,237$63,363,651▲ $3,545,414
Net Assets Without Donor Restrictions$14,526,329$15,148,108▲ $621,779
Total Net Assets Fund Balance$74,344,566$78,511,759▲ $4,167,193
Total Liabilities and Net Assets / Fund Balance$75,380,892$79,819,549▲ $4,438,657

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,403,285$12,005,757$16,409,042
Land$1,491,562-$1,491,562
Equipment$139,389$174,909$314,298
Other Securities$89,633--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$65,987,556$2,849,737▲ $1,068,320$34,467$69,871,146
2022$65,551,131$2,822,772▲ $1,529,962$3,916,309$65,987,556
2021$78,452,484$2,039,405▼ $13,065,859$1,874,899$65,551,131
2020$65,473,446$1,712,669▲ $9,370,710$-1,895,659$78,452,484
2019$66,282,320$1,947,200▼ $891,836$1,864,238$65,473,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joshua W WalkerPresident & CEOFT$568,289$61,606$629,895
Lisa BermudezExecutive Vice PresidentFT$332,912$51,371$384,283
Gregory CorsicoVice President of DevelopmentFT$241,054$55,270$296,324
Yoko ShioyaArtistic DirectorFT$176,989$31,587$208,576
Tomoko OkunoSr. Dir., Business & Policy ForumFT$155,562$51,952$207,514
John AgapitoDirector of Building ServicesFT$181,353-$181,353
Andrew ConnorFmr. Chief Operating OfficerFT$130,946$44,873$175,819

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Vanguard Institutional Advisory ServicesAdvisory ServicesPO BOX 3009, Monroe, WI 53566-8309$259,913
Revenue and Support

Revenue Composition

Contributions and Grants
$5,909,029
Program Service Revenue
$1,671,615
Investment Income
$2,126,863
Other Revenue
$2,841,482
All Other Contributions
$3,029,439
Change in Net Assets
$-1,608,256

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$539,088Fair Market Value (FMV)
Other Non Cash Contri Table53$134,512Fair Market Value (FMV)
Total Noncash Contributions59$673,600-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,692,018
Other Expenses$5,465,227
Total Fundraising Expense$1,539,346
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,425,518$1,479,743$935,687$5,840,948
Fees for Services Other$885,035$103,208$28,341$1,016,584
Other Employee Benefits$573,314$247,657$156,602$977,573
Current Officers, Directors, Trustees, and Key Employees$528,947$228,492$144,483$901,922
Payroll Taxes$311,473$134,549$85,080$531,102
Office Expenses$378,560$94,327$24,102$496,989
Travel$385,093$50,469$6,756$442,318
Pension Plan Contributions$258,323$111,589$70,561$440,473
Depreciation Depletion$260,874$103,652$11,010$375,536
Other Expenses$60,452$281,402$5,242$347,096
Advertising$306,935$13,267$570$320,772
All Other Expenses$185,776$33,847$32,835$252,458
Fees for Service Investment Mgmnt Fees-$219,824-$219,824
Insurance$135,111$49,006$5,352$189,469
Fees for Services Accounting-$63,003-$63,003
Fees for Services Legal$13,887$2,608$445$16,940
Total Functional Expenses$8,746,972$3,870,927$1,539,346$14,157,245
International Activity

International Summary

Offices
2
Employees
0
Spending
$1,866,296

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$947,525
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumInvestments-00$852,068
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesProject Support10$52,843
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesHonorarium for Joshua Walker as Speaker/reimbursement of Travel Expenses10$13,860
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,191,849
Fundraising Direct Expenses$285,245
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$1,839,024$1,191,849$30,980$1,160,869
Total Events$1,839,024$1,191,849$285,245$906,604
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is initially reviewed by the finance committee chairman and then made available to the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The society requires the board of directors and executive officers to complete the conflict of interest form. The forms are then reviewed for any possible conflicts.

Form 990, Part VI, Section B, Line 15

The society's salary structure, including officer compensation is reviewed through external market data to determine the competitiveness of actual salaries.

Form 990, Part VI, Section C, Line 19

The society does not make its governing documents or conflict of interest policy available to the public. The society's financial statements are posted on the internet.

Filing and Contact Details

Filer

Filer Name
Japan Society Inc
EIN
13-1675082
Phone
2127151287
Address
333 EAST 47TH STREET, NEW YORK, NY 10017-2399

Signing Officer

Name
Joshua Walker Phd
Title
President & CEO
Phone
2127151287
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Walker Phd
Formed
1913
Legal Domicile
Ny
Voting Board Members
54
Independent Board Members
53
Employees
105
Volunteers
57

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

PART III - LINE 4A: GALLERY

Our fall exhibition, out of bounds: women artists of fluxus (10/13/23-1/21/24), explored the pivotal role of japanese women in fluxus, an influential post-war avant-garde art movement. This exhibit highlighted 4 pioneering yet overlooked japanese women artists based in nyc -- shigeko kubota (1937-2015), yoko ono(1933-), takako saito (1929-) and mieko shiomi (1938-) -- and saw artworks originally conceived in the 1960s reactivated and staged throughout the duration of the exhibition. Enrichment events included: 1. 10/27/24: sound artist/former fluxus member yasunao tone staged a sound event with 2023 artist-in-residence tomomi adachi. 2. 11/18 & 19/24: composer keiko uenishi performed mieko shiomi's 1963 work < boundary music > in the gallery. 3. 1/09/25: curator's talk. 4. 1/17/25: fluxfilms, a 1-hour series of short films made by fluxus artists. 5. Lectures, school tours, & educational programs extended the exhibition beyond our galleries. Supported, in part, by public funds from the new york city department of cultural affairs in partnership with the city council, and by a grant from the national endowment for the arts. Gallery attendance: 4,884 in the spring, we opened the exhibition, none whatsoever: zen paintings from the gitter-yelen collection (3/8-6/16/2024). Japan society (js) gallery presented an exploration of the origins of zen buddhism through ink paintings and calligraphies by painter-monks spanning over four centuriesfrom zen master hakuin ekaku (1685-1768) to a few of the many famed monks and artists influenced by his works. Spanning three gallery spaces, as well as js gallery's external sky room, the exhibition was comprised of a robust installation of 20 significant paintings by hakuin in our first gallery, and paintings by hakuin's various followers from the 18th, 19th, and 20th centuries in our second and third galleries. The historical zen paintings were complemented by a pop-up installation in our sky room featuring a few contemporary calligraphies that demonstrated zen painting's ongoing influence. The simple, monochrome ink paintings were exhibited along each wall of our galleries. The unique exhibition design, which featured a vibrant carpet and limited wall text, generated a peaceful atmosphere appropriate to the sustained contemplation of zen paintings. A total of 4,584 people visited japan society to tour none whatsoever. Fourteen nyc schools brought 436 children for tours. Ancillary programming brought many others to our building, uniting fans of zen buddhism, film aficionados, and curious k-12 students through this exhibition. Supported, in part, by the e. Rhodes and leona b. Carpenter foundation. Japan society gallery programs were made possible by leadership support from booth ferris foundation and the new york state council on the arts with the support of the office of the governor and the new york state legislature. Exhibitions and arts & culture lecture programs were made possible, in part, by sompo holdings, inc.; the lila wallace-reader's digest endowment fund; the mary griggs burke endowment fund established by the mary livingston griggs and mary griggs burke foundation; the masako mera and koichi mera, phd fund for education and the arts; peggy and dick danziger; and friends of the gallery. Support for arts & culture lecture programs was provided, in part, by the sandy heck lecture fund. Transportation assistance was provided by japan airlines, the official japanese airline sponsor for japan society gallery exhibitions. Gallery attendance: 4,584

PART III - LINE 4B: PERFORMING ARTS

Js performing arts presented a season of 8 programs, most in the japanese language. Fall saw john cage's japan (sept. Dec. 23), a 4-part series exploring japan's influence on the renowned composer john cage: 1. Cage shuffle (9/28-29/23), a chance-based work of dance-theater conceived by paul lazar and annie-b parson based on texts by cage; 2. Ryoanji (10/21-23), a multimedia concert curated by cage expert tomomi adachi, performed by new york's international contemporary ensemble alongside japanese musicians via livestream from kanazawa, japan; 3. Noh-opera / noh-tation (11/16/23), in which adachi realized cage's unfinished noh opera project; and 4. Cage shock (12/7/23), an homage to cage's impactful concert tour to japan in 1962. All sold out weeks in advance, necessitating additional performances and a livestream component for cage shock. Spring 2024 performing arts programming included hamlet | toilet (1/10-13), an irreverent mashup of shakespeare and japanese bathroom culture by acclaimed director yu murai; nihon buyo in the 21st century (1/24-26), traditional dance derived from kabuki and featuring the esteemed hanayagi motoi and rising star azuma tokuyo; and the good story murders (3/18), a contemporary play reading by playwright aya takaha and director tai thompson, both women artists upcoming in their fields. This event featured deaf actor april cheng, and the performance and q&a were asl-interpreted. The season culminated with beyond ballet, beyond hip-hop (5/10-11/24), a double bill of north american dance premieres, featuring the all-female hip-hop-centered dance ensemble mwmw, and prima ballerina hana sakai in an eco-themed dance with a script by visionary playwright toshiki okada. The season was made possible, in part, by public funds from the new york city department of cultural affairs in partnership with the city council. Major support was generously provided by doug and teresa peterson; howard gilman foundation; and hisamitsu america, inc. Endowment support was provided by the lila wallace-reader's digest endowment fund, the john and miyoko davey endowment fund, and the endowment for the performing arts, established with a leadership gift from the doris duke charitable foundation. Additional support was provided by the fan fox and leslie r. Samuels foundation, richard and momona royce, nancy and joe walker, dr. And mrs. Carl f. Taeusch ii, dr. Jeanette c. Takamura, estate of alan m. Suhonen, and friends of the performing arts. All nippon airways co., ltd. Was the official airline of the japan society performing arts program. Yamaha was the official piano provider of japan society. Season attendance: 3,673

PART III - LINE 4C: MEDIA AND MARKETING

The media & marketing department's role is to elevate awareness for the institution and its various initiatives, while collaborating with program, development, and executive teams to drive year-round event attendance, registrations, donations, membership, and brand engagement all guided by our u.s.-japan bridge-building mission. Through our collective efforts, we aim to cultivate new, diverse audiences and members, deepen engagement with existing patrons, and build long term, sustainable relationships beneficial to all areas of the organization. At japan society, the m&m team is managed by the director of media & marketing and encompasses the following areas: digital (website, social media, email), marketing/advertising/creative strategy development and execution, graphic design (digital and print), external partnerships, pr management and strategy, and community engagement. In 2023-24, we continued to broaden our geographic reach, through co-sponsorship and cross-promotion of events with organizations across the country and globally, as well as through our traditional media outreach and social media promotion. In addition, the m&m team has worked across development departments to better shape the storytelling of japan society's mission in efforts to boost fundraising, member acquisition and sponsorship, to better prepare the organization for the future and meet the current moment.

FORM 990, PART XI, LINE 9:

Foreign currency exchange losses -328,584.

Financial Statement Notes

PART V, LINE 4:

The society's endowments consist of various individual funds established for a variety of purposes. The endowments include both donor-restricted endowment funds and funds designated by the board of directors. Permanently restricted net assets are restricted to investments in perpetuity, income from which is expendable to support programs or unrestricted for any activities of the society.

Raw XML AppendixShowing 400 of 1,168 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0LEADING U.S. ORGANIZATION COMMITTED TO DEEPENING MUTUAL UNDERSTANDING BETWEEN U.S. AND JAPAN
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