Hakone Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 770054274 ✦ Saratoga, CA ✦ Designated as a 501(c)(3)

Overview

What is Hakone Foundation?

The Hakone Foundation is a renowned nonprofit organization based in Saratoga, California. With a rich history spanning over a century, it stands as one of the National Trust for Historic Preservation's most distinguished sites. The foundation houses the Hakone Estate and Gardens, an 18-acre haven nestled on the hills, overlooking Silicon Valley. This serene sanctuary offers an idyllic setting for various celebrations, including weddings, birthdays, and memorial services. Additionally, it has become a popular choice for corporate events, meetings, and conferences. The Hakone Foundation is committed to preserving the Japanese heritage of the estate, ensuring its authenticity for future generations. It also aims to foster a deeper understanding of Asian cultures and serves as a global platform for art, music, and intellectual discourse. The foundation employs a team of 20 individuals dedicated to these objectives.


Official website here: www.hakone.com

Is Hakone Foundation legitimate?

Hakone Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hakone Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $120,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $567,349

For more financial information, click here


Official website here: www.hakone.com

What is the mission statement of Hakone Foundation?

The Hakone Foundation is committed to preserving and enhancing a historical Japanese estate and garden, ensuring its authenticity for future generations. The primary objective is to provide the public with an enriching experience, fostering a deeper understanding of Asian cultures. Furthermore, the foundation serves as a global platform, promoting art, music, and intellectual discourse. By hosting various events and welcoming visitors for celebrations and corporate functions, the Hakone Foundation aims to maintain the Japanese spirit while sharing its cultural heritage.


Official website here: www.hakone.com

Who is the CEO of Hakone Foundation?

Faramarz Yardani is the Exeutive Director of Hakone Foundation.


Official website here: www.hakone.com

What is the revenue of Hakone Foundation?

Hakone Foundation's revenue in 2023 was $1,644,816.


Official website here: www.hakone.com

Who are the executives of Hakone Foundation and what are their salaries?

The average compensation at Hakone Foundation during 2023 was $34,380. There are 20 employees and 120 volunteers at Hakone Foundation.

Here are 15 key members and their salaries:

    Shozo Kagoshima (Exeutive Director)
  • Compensation: $120,245
  • Related: $0
  • Other: $10,291

    • Kookie Fitzsimmons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phyllis Tung (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandy Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Harada (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emily Lo (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Connie Young Yu (Former Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Faramarz Yazdani Phd (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Waltonsmith Phd (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yuki Hashimoto (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hiroshi Tomita (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Himel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Belal Aftab (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrienne Reiko Iwanaga (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patti Workman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hakone.com

    Where can I find the form 990 for Hakone Foundation?

    The Hakone Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.hakone.com

    Learn more at the official website: www.hakone.com

    Mission Statement of Hakone Foundation

    The Hakone Foundation is committed to preserving and enhancing the Hakone Estate and Gardens for public enjoyment and benefit. Its mission is twofold: firstly, to safeguard the Japanese authenticity of the estate for future generations, and secondly, to foster a deeper understanding of Asian cultures. As a global forum, the foundation aims to promote art, music, and ideas, serving as a platform where diverse perspectives converge. The Hakone Foundation's dedication extends beyond the conservation of the estate, contributing to the broader goal of fostering cultural appreciation and dialogue.

    Impact

    This information is meant to be a general summary of Hakone Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Hakone Foundation's impact is profound and far-reaching. By conserving and enhancing the historic Hakone Estate and Gardens, it not only provides a serene and culturally rich environment for the public to enjoy but also preserves Japanese authenticity for future generations. Through its efforts, Hakone Foundation promotes a deeper understanding of Asian cultures and serves as a global forum for art, music, and ideas. As one of the oldest Japanese estate, retreat, and gardens in the Western Hemisphere, Hakone's 18-acre garden nestled in the hills of Saratoga overlooking Silicon Valley offers a timeless oasis of peace. The venue's versatility further extends its impact as it hosts a variety of events ranging from weddings and family celebrations to company retreats and corporate conferences. By continuing to uphold the Japanese spirit through annual events like Shichi-Go-San and Matsuri Festival, Hakone Foundation plays a significant role in enriching the community and preserving cultural heritage.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $26,066
  • Program Service Revenue: $1,346,857
  • Gross Receipts: $1,725,031

    • Assets and Liabilities:
  • Total Assets: $2,498,236
  • Total Liabilities: $563,699
  • Net Assets: $1,934,537
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Event Rentals

    Revenue

    $686,004

    Entrance Fees

    Revenue

    $596,910

    Membership Programs

    Revenue

    $63,943

    Organization Details

    Founding Year

    2002

    Principal Officer

    Faramarz Yardani

    Main Address

    PO Box 2324, Saratoga, CA, 95070

    NTEE Category

    Code: N30 - Recreation

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