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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Hakone Foundation has achieved a 77% rating from Charity Navigator, translating to a Three-Star designation. This rating is solely based on its Accountability & Finance score, reflecting the organization's commitment to responsible financial practices. The foundation exhibits strong accountability, with 100% of board members being independent and a solid program expense ratio of 83.55%, indicating that a significant portion of its funds is directed toward its charitable programs.
Strengths of the organization include a well-structured board with a large number of independent members and robust policies in place for conflict of interest, document retention, and transparency through documentation of board meeting minutes. Additionally, there are no reported material diversions of assets, which reinforces the foundation’s credibility and trustworthiness in handling its resources.
However, a limitation noted is the absence of a whistleblower policy, which could be important for ensuring transparency and accountability within the organization. While the foundation demonstrates strong financial health and good governance, addressing this gap could enhance its overall accountability framework.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $120,245
- Related: $0
- Other: $10,291
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hakone.com
Where can I find the form 990 for Hakone Foundation?
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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 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.
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.
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: $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
Want to help this charity, for free? You can click here to learn more about Give Freely
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
Phone
(408) 741-4994Principal Officer
Faramarz Yardani
Main Address
PO Box 2324, Saratoga, CA, 95070
Website
www.hakone.comNTEE Category
Code: N30 - Recreation
If you are a representative of Hakone Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.