CharityWatch REPORT
Issued October 2017

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
According to the Japan Society tax filing for the fiscal year-ended June 30, 2016 (IRS Form 990, Schedule O, Supplemental Information):

"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."
According to the Japan Society consolidated audit of June 30, 2016 (Note 1, Nature of organization):

"During the 2016 fiscal year, the Society established Ippan-shadan-hojin Japan Society, a wholly-owned subsidiary in Tokyo, Japan (the 'Subsidiary') to enhance the Society's mission and presence in Japan and expand the Society's outreach through programs and initiatives in Japan. The Subsidiary was registered with the Legal Affairs Bureau of Japan as a general incorporated association. In principle, the Subsidiary shall have no duty to pay corporation tax and donors to the Subsidiary receive no tax benefit."

The Society's consolidated audited financial statements include the financial activities of both Japan Society and the Subsidiary. All material intercompany accounts and transactions have been eliminated in consolidation.
According to the Japan Society audit of June 30, 2016 (Note 7, Japan Earthquake Relief Fund):

"On March 12, 2011, the Society created the Japan Earthquake Relief Fund, a disaster relief fund to aid victims of the northeastern Japan Earthquake. During the 2016 fiscal year the Society received additional contributions totaling approximately $247,000 in response to the April 2016 earthquakes which occurred in Kumamoto City in Japan. One hundred percent of contributions to the Japan Earthquake Relief Fund go to organizations that directly help victims of the March 2011 and April 2016 disasters. Of the funds that have been generously donated so far, the Society made grants during the 2016 and 2015 fiscal years totaling $1,066,096 and $1,396,412, respectively. Through June 30, 2016, the Society has made grants totaling $13,439,692, directly to organizations in Japan working in the relief efforts."

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