Furuya Foundation in Los Angeles, California (CA)

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Furuya Foundation
Employer Identification Number (EIN)200026129
Name of OrganizationFuruya Foundation
In Care of NameDAVID ITO
Address1211 N Main Street, Los Angeles, CA 90012
SubsectionEducational Organization, Charitable Organization
Ruling Date04/2009
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$157,626
Amount of Income$110,057
Form 990 Revenue Amount$91,243
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Sports Training Facilities, Agencies


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Amount of income in 2009: $110,057 (it was $97,397 in 2012)
This organization: 

 $110,057
Other organizations performing similar types of work: 

 $110,057

Assets in 2009: $157,626 (it was $180,037 in 2012)
This organization: 

 $157,626
Other organizations performing similar types of work: 

 $157,626

Expenses in 2012: $86,103
This organization: 

 $86,103
Other organizations performing similar types of work: 

 $86,103

Income to expenses ratio in 2012: 1.3
Furuya Foundation: 

 1.3
Other organizations performing similar types of work: 

 3.2

Grants share in income in 2012: 13.6%
This organization: 

 13.6%
Other organizations performing similar types of work: 

 13.6%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$73,501
Contributions, gifts, grants, and similar amounts received$10,000
Program service revenue including government fees and contracts$63,501
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Gross amount from sale of assets other than inventory$23,896
Less: cost or other basis and sales expenses$23,896
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$86,103
Total net assets$89,440
Deficit for the year$-12,602
Net assets or fund balances at beginning of year$102,042
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$180,037
Total liabilities$90,597
Net assets or fund balances$89,440
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Furuya Foundation1211 N Main Street, Los Angeles, CA 90012CA2009-04$110,057
2Lagrange Blue Sox Inc105 Victoria Dr, Lagrange, GA 30240-6337GA1999-05$93,396
3The Dan Jansen Foundation Inc7475 Wisconsin Ave Suite 600, Bethesda, MD 20814MD1995-08$0
Number of organizations performing similar types of work
California1
Georgia1
Maryland1
Total3

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