Overview
What is Japanese American Fund Inc Co Mitsugu Shimmyo?
The Japanese American Fund Inc Co Mitsugu Shimmyo, located in Richmond, Texas (specifically at 23111 Lakewind Park Court), is a nonprofit organization. Their primary mission is to extend financial aid and scholarships to individuals in need, specifically focusing on educational expenses. This philanthropic institution works towards fulfilling this objective by providing financial assistance to those who require it.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Japanese American Fund Inc Co Mitsugu Shimmyo holds a very low rating of 10%, resulting in a Zero-Star out of Four Star rating from Charity Navigator. This score highlights significant deficiencies in both accountability and financial practices, which raises concerns about their operational transparency and governance.
The organization has a notable lack of independent board members, with 0% independence noted. Additionally, critical policies such as conflict of interest, whistleblower, and document retention are missing, suggesting inadequate oversight and potential risks in managing nonprofit operations. The absence of meeting minutes and failure to post essential documents on their website further exacerbates these issues.
Financially, the charity shows a liabilities to assets ratio of 11.22% and a program expense ratio of 10.50%, indicating potential inefficiencies in resource allocation. Collectively, these factors present a troubling picture of the charity's overall health and governance, leading to significant skepticism about its effectiveness and integrity in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Japanese American Fund Inc Co Mitsugu Shimmyo legitimate?
Japanese American Fund Inc Co Mitsugu Shimmyo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Japanese American Fund Inc Co Mitsugu Shimmyo submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Japanese American Fund Inc Co Mitsugu Shimmyo?
Japanese American Fund Inc Co Mitsugu Shimmyo's mission is centered around providing financial aid and scholarships to individuals in need. This organization aims to alleviate financial burdens, particularly in the context of higher education, by offering financial assistance. Their primary activity encompasses providing college scholarships and covering educational expenses for those who are financially disadvantaged.
Who is the CEO of Japanese American Fund Inc Co Mitsugu Shimmyo?
Mitsugu Shimmyo is the President of Japanese American Fund Inc Co Mitsugu Shimmyo.
What is the revenue of Japanese American Fund Inc Co Mitsugu Shimmyo?
Japanese American Fund Inc Co Mitsugu Shimmyo's revenue in 2023 was $37,505.
Who are the executives of Japanese American Fund Inc Co Mitsugu Shimmyo and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Japanese American Fund Inc Co Mitsugu Shimmyo?
Japanese American Fund Inc Co Mitsugu Shimmyo's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Japanese American Fund Inc Co Mitsugu Shimmyo
Japanese American Fund Inc Co Mitsugu Shimmyo, as a nonprofit organization, is committed to providing vital assistance to those in need. Specifically, its mission revolves around offering scholarships and financial aid. This mission is carried out through the provision of college scholarships and aid for educational expenses, aimed at supporting students who are financially disadvantaged. By doing so, the organization plays a crucial role in enabling these students to pursue their academic aspirations and improve their future prospects.
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Impact
August, 2024
Mitsugu Shimmyo's impact through the Japanese American Fund Inc Co is profound, as they provide critical support to those in need by offering college scholarships and financial assistance for educational expenses. Their mission to assist the needy in pursuing higher education demonstrates a commitment to improving access to educational opportunities and empowering individuals to achieve their academic goals. By facilitating access to scholarships, Mitsugu Shimmyo and the organization contribute to creating a more inclusive and equitable society where individuals can realize their potential through education.
This information is meant to be a general summary of Japanese American Fund Inc Co Mitsugu Shimmyo. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,843
- Gross Receipts: $37,505
Assets and Liabilities:
- Total Assets: $534,552
- Total Liabilities: $60,000
- Net Assets: $474,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC AWARENESS OF EDUCA
SCHOLARSHIP DONATIONS
Organization Details
Founding Year
1984
Phone
(646) 305-7433Principal Officer
Mitsugu Shimmyo
Main Address
23111 LAKEWIND PARK COURT, RICHMOND, TX, 77407
NTEE Category
Code: B82Z - Education
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