2024-11-14T13:31:52-06:00 2023-12-31 946214841 ARMANINO ADVISORY LLC 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2023-01-01 952021853 JAPAN AMERICA SOCIETY OF SO CALIFORNIA JAPA 3109659050 1411 W 190TH STREET 360 GARDENA CA 90248 FRANK EGUCHI CHAIRMAN 3109659050 2024-11-13 1 0 KATY BROWN P00650274 3104784148 2024-11-13 2023 2024-10-15 13:58:12Z FRANK EGUCHI 1411 W 190TH STREET 360 GARDENA CA 90248 584735 0 X WWW.JAS-SOCAL.ORG X 1959 CA MEMBERSHIP ORGANIZATION THAT BUILDS MEANINGFUL RELATIONSHIPS BETWEEN JAPANESE AND AMERICANS. 25 25 4 40 0 0 299184 397906 71005 49325 90777 12468 3735 -31385 464701 428314 0 27270 0 0 168605 161441 0 0 25909 119341 162007 287946 350718 176755 77596 857312 1067451 86132 166023 771180 901428 X THE JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA WORKS TO (1) PROMOTE AMONG THE AMERICAN PEOPLE A MORE ACCURATE KNOWLEDGE OF THE PEOPLE OF JAPAN, THEIR AIMS, CUSTOMS, IDEALS, ARTS AND SCIENCES, INDUSTRIES, ECONOMIC CONDITIONS, AND EDUCATIONAL PROCESS, (2) SERVE THE PEOPLE OF JAPAN AND THE UNITED STATES IN FOSTERING MUTUAL UNDERSTANDING BETWEEN THE TWO NATIONS, (3) SERVE AS AN INFORMATION CENTER IN OBTAINING INFORMATION RELATING TO JAPAN AND THE UNITED STATES FOR INDIVIDUALS AND ORGANIZATIONS, (4) SPONSOR MEETINGS OF DISTINGUISHED JAPANESE AND AMERICANS FOR THE EXCHANGE OF KNOWLEDGE AND IDEAS, (5) ASSIST STUDENTS IN OBTAINING PROPER COUNSELING IN REGARD TO EDUCATIONAL MATTERS, (6) FOSTER EDUCATION ABOUT JAPAN THROUGH BULLETINS, LECTURES, SPECIAL COURSES, CONFERENCES, DISCUSSION PANELS, EXHIBITIONS, FILMS AND SCIENTIFIC PURPOSES. 0 0 23643 18245 2023 JAPAN CURRENTS PUBLIC AFFAIRS SEMINAR SMART CITIES FOR A BETTER FUTURE: PERSPECTIVES FROM THE U.S. AND JAPAN (MARCH 10, 2023)AS PEOPLE AROUND THE WORLD CONTINUE TO PREFER THE URBAN LIFESTYLE, DEMAND FOR RESOURCES AND SERVICES IN THE CITIES ALSO INCREASE AT A SUBSTANTIAL RATE. ACCORDING TO THE WORLD ECONOMIC FORUM, 55% OF THE WORLD'S POPULATION CURRENTLY LIVE IN CITIES AND BY THE YEAR 2050 THAT NUMBER WILL INCREASE TO AROUND 80%. WITH GLOBAL MATERIAL CONSUMPTION MORE THAN DOUBLING, DEMANDS ARE INCREASING FOR OTHER CITY RESOURCES SUCH AS ENERGY AND POWER, MUNICIPAL WATER, AND QUALITY AIR. THE WORLD BANK GROUP DISCUSSES THE NUMEROUS CHALLENGES GENERATED BY RAPID URBANIZATION FOR THE "NEARLY 1 BILLION URBAN POOR" WHO HAVE LIMITED ACCESS TO "AFFORDABLE HOUSING, WELL-CONNECTED TRANSPORT SYSTEMS, AND OTHER INFRASTRUCTURE, BASIC SERVICES, AS WELL AS JOBS."MANY CITIES AROUND THE WORLD ARE PLANNING TO MITIGATE THESE ISSUES BY LOOKING AT WAYS TO MAKE THEIR CITIES MORE SUSTAINABLE AND "SMARTER" THROUGH EMERGING TECHNOLOGIES. IN 2019, LOS ANGELES'S INFORMATION TECHNOLOGY AGENCY ALONG WITH OTHER AGENCIES AND DEPARTMENTS ACROSS THE CITY LAUNCHED ITS SMARTLA 2028 STRATEGY TO "BUILD A SMARTER, BETTER LOS ANGELES FOR THOSE WHO LIVE, WORK, AND PLAY HERE." IN ASIA, WHERE MATERIAL CONSUMPTION IS EXPECTED TO GROW THE FASTEST, CORPORATIONS SUCH AS TOYOTA BROKE GROUND IN 2021 ON THEIR WOVEN CITY SMART CITY PROJECT AND WHAT THEY'RE CALLING "THE WORLD'S FIRST PROGRAMMABLE CITY." THE JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA PARTNERED WITH THE ARATANI FOUNDATION, THE NATIONAL ASSOCIATION OF JAPAN AMERICA SOCIETIES (NAJAS), AND THE EMBASSY OF JAPAN WERE DELIGHTED TO PRESENT A PROGRAM AS PART OF THE JAPAN CURRENTS FY2022 PUBLIC AFFAIRS SERIES. FOR THIS PROGRAM, WE INVITED EXPERTS WHO ARE LEADING THE WAY IN THE FUTURE OF URBAN DEVELOPMENT FROM BOTH SIDES OF THE PACIFIC TO DISCUSS THEIR VISIONS OF HOW A SMARTER FUTURE MAY ALSO LEAD US TO A BETTER FUTURE.KEYNOTE SPEAKERS: DR. HISAKAZU OKAMURA, PROFESSOR, FACULTY OF URBAN INNOVATION, ASIA UNIVERSITY (TOKYO); MR. TED ROSS, CIO, CITY OF LOS ANGELES / G.M., INFORMATION TECHNOLOGY AGENCY (ITA)PANELISTS: MR. RYAN BATES, REGIONAL OFFICER FOR LOS ANGELES, MITSUI & CO. (U.S.A.), INC.; MR. ERIC PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR, CITY OF MARYSVILLE, OHIOMODERATOR: DR. JANE MACFARLANE, DIRECTOR, U.C. BERKELEY SMART CITIES & SUSTAINABLE MOBILITY RESEARCH CENTERSPONSORS: NATIONAL ASSOCIATION OF JAPAN-AMERICA SOCIETIES, INC. (NAJAS) AND MS. MARI MIYOSHIVENUE: DOUBLETREE BY HILTON LOS ANGELES DOWNTOWN 11202 11000 HITACHI JAPANESE KITE WORKSHOPS [OCTOBER 2023]JAPANESE KITE MASTER MIKIO TOKI FROM JAPAN ALONG WITH STAFF AND VOLUNTEERS FROM THE JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA (JASSC) VISITED 16 ELEMENTARY SCHOOLS AND AN AFTER-SCHOOL PROGRAM, SERVING OVER 1,000 CHILDREN, IN SOUTHERN CALIFORNIA TO TEACH THE STUDENTS HOW TO MAKE A JAPANESE KITE MADE OF JAPANESE WASHI PAPER AND BAMBOO. THE KITES, WHICH ARE TAILOR-MADE FOR CHILDREN, ARE THE DESIGN OF JAPANESE KITE MASTER MIKIO TOKI, WHO PREPARED THE KITE MATERIALS. THE KITE WORKSHOPS ARE OFFERED AT NO COST TO THE SCHOOLS. IT IS A WAY JASSC GIVES BACK TO THE COMMUNITY THROUGH THIS EDUCATIONAL PROGRAM.SUPPORTED BY GENEROUS CONTRIBUTIONS FROM: HITACHI, LTD.; COX, CASTLE & NICHOLSON LLP; AND THE JAPAN FOUNDATION LOS ANGELES 10387 14000 2023 JAPAN BOWL OF CALIFORNIA BENKYOUKAI (FEBRUARY - MARCH 2023)THE BENKYOUKAI IS A JAPAN LANGUAGE EDUCATION PROGRAM ESTABLISHED BY THE JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA IN 2021. THE BENKYOUKAI PROVIDED HIGH SCHOOL STUDENTS AN EXPLORATORY COURSE TO PREPARE FOR THE NATIONAL JAPAN BOWL COMPETITION IN WASHINGTON, D.C. THROUGH A SERIES OF 3 ONLINE INTERACTIVE LECTURE SESSIONS AND THE FINAL CULTURAL DAY CELEBRATION, STUDENTS ARE OFFERED A SUPPORTIVE LEARNING ENVIRONMENT TO SUPPLEMENT THE LINGUISTIC SKILLS THEY GAIN AT THEIR SCHOOLS AND A UNIQUE CHANCE TO NETWORK WITH OTHER STUDENTS WHO ARE STUDYING THE JAPANESE LANGUAGE AND WHO HAVE A PASSION FOR JAPAN.CULTURAL DAY PRESENTERS: ASHURA THE IGA NINJA GROUP AND MICHELLE YUMI TYMON WHO PROVIDED A TRANSLATION DEMONSTRATIONSUPPORTED BY GENEROUS CONTRIBUTIONS FROM: CONSULATE GENERAL OF JAPAN IN LOS ANGELES, MS. MARI MIYOSHI, AND TEMPLE UNIVERSITY, JAPAN CAMPUS 197406 27270 6080 JAPAN WOMEN'S UNIVERSITY SOCCER ALL STARS WELCOME LUNCHEON AND MEDIA EVENT (MARCH 9, 2023)THE JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA (JASSC) HOSTED A WELCOME LUNCHEON AND MEDIA EVENT FOR THE JAPAN WOMEN'S UNIVERSITY SOCCER ALL STARS, WHO VISITED SOUTHERN CALIFORNIA FOR A GOODWILL TOUR TO PLAY IN SOCCER MATCHES AGAIN FIVE MAJOR UNIVERSITIES IN SOUTHERN CALIFORNIA (UC IRVINE, UCLA, CSU LONG BEACH, USC, AND PEPPERDINE). THE JAPANESE WOMEN ALL STARS AND THEIR COACHES AND STAFF MET WITH JASSC BOARD MEMBERS, STAFF, AND INTERNS FROM JAPAN. 10TH ANNUAL WOMEN'S LEADERSHIP COUNTS CONFERENCE INVEST IN YOUR FUTURE! BUILD YOUR NETWORK. SOAR INTO 2024! (DECEMBER 4, 2023)PARTICIPANTS JOINED EXECUTIVE COACH GRACIELA MEIBAR FOR AN EMPOWERING AND INTERACTIVE CAREER WORKSHOP. JASSC BOARD MEMBERS ALSO OFFERED THEIR CAREER INSIGHTS. PARTICIPANTS CELEBRATED THEIR AUTHENTIC SELVES AND BUILT THEIR NETWORKING SKILLS.SPONSORS: ERNST & YOUNG LLP, PANASONIC AUTOMOTIVE SYSTEMS COMPANY OF AMERICA, AND HITACHI, LTD. 197406 27270 6080 242638 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X GIFFORD K SANETO 3109659050 1411 WEST 190TH STREET SUITE 360 GARDENA CA 90248 FRANK EGUCHI CHAIRMAN 4.00 X X 0 0 0 CHRISTOPHER PATAY VICE CHAIR/COUNSEL 4.00 X X 0 0 0 CHIHO KELLY TREASURER 4.00 X X 0 0 0 JUN TAMAHASHI SECRETARY 4.00 X X 0 0 0 DONALD BAKER DIRECTOR 1.00 X 0 0 0 RYAN BATES DIRECTOR 2.00 X 0 0 0 MICHAEL CORBO DIRECTOR 1.00 X 0 0 0 FRANK FUJII DIRECTOR 1.00 X 0 0 0 KENICHI FUKUMURA DIRECTOR 1.00 X 0 0 0 GLEN HAMAKAWA DIRECTOR 4.00 X 0 0 0 TERRY HARA DIRECTOR 1.00 X 0 0 0 NANCY HIROMOTO DIRECTOR 3.00 X 0 0 0 TETSUYA ISHIDA DIRECTOR 1.00 X 0 0 0 HIRONORI KOBAYASHI DIRECTOR 1.00 X 0 0 0 TAKETOSHI MAEKAWA DIRECTOR 1.00 X 0 0 0 GRACIELA MEIBAR DIRECTOR 3.00 X 0 0 0 MARI MIYOSHI DIRECTOR 4.00 X 0 0 0 KENICHIRO MIZOGUCHI DIRECTOR (THRU 7/23) 1.00 X 0 0 0 DOUGLAS MONTGOMERY DIRECTOR 1.00 X 0 0 0 HISAO NAKAMURA DIRECTOR (THRU 1/23) 1.00 X 0 0 0 TOMOKI NAKATANI DIRECTOR 1.00 X 0 0 0 MASAHIRO OYA DIRECTOR 1.00 X 0 0 0 EDWARD PERRON DIRECTOR (THRU 12/23) 1.00 X 0 0 0 JOSEPH PORTILLO DIRECTOR 2.00 X 0 0 0 KEIICHI SHIMADA DIRECTOR 1.00 X 0 0 0 YUKUO TAKENAKA DIRECTOR (THRU 11/23) 2.00 X 0 0 0 VIVIEN USUI DIRECTOR 4.00 X 0 0 0 NANCY YAMAGUCHI DIRECTOR 1.00 X 0 0 0 MASAHIKO YAMAMOTO DIRECTOR 1.00 X 0 0 0 STEPHEN RICKERT EXECUTIVE DIRECTOR 20.00 X 19681 0 0 19681 0 0 0 0 0 0 0 64000 126600 207306 3400 397906 CULTURAL ACTIVITIES 900099 49325 49325 49325 14953 14953 76351 78836 -2485 -2485 -2485 46200 126600 77585 -31385 -31385 428314 49325 0 -18917 27270 27270 19681 6888 12793 116370 61994 41387 12989 14578 2916 8747 2915 10812 5360 4139 1313 2766 1371 1059 336 1327 1327 20000 18000 2000 21565 17252 2157 2156 10300 8240 1030 1030 45303 36243 4530 4530 83 83 1577 1577 3500 3150 350 352 352 3558 2846 356 356 PROGRAM EXPENSES 48836 48836 BANK FEES 2840 2272 284 284 350718 242638 82171 25909 300 300 584055 662529 34520 36570 8252 8270 90783 84806 0 5977 228367 273638 1818 80167 857312 1067451 86132 81545 0 84478 86132 166023 X 282210 375954 488970 525474 771180 901428 857312 1067451 77596 52652 0 X 0 0 0 X 692969 246223 347860 299184 397906 1984142 692969 246223 347860 299184 397906 1984142 490648 1493494 76420 74173 41601 11527 14953 218674 3735 3735 2206551 177083 0.67680 0.60730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 493948 65078 1327 557699 581510 -86458 1104 493948 540508 41577 575 581510 498595 25 74160 31760 512 540508 535888 3600 81479 121783 589 498595 0.00000 1.00000 0.00000 0 0 90783 84806 5977 5977 RENT DEPOSITS 1818 RIGHT OF USE ASSETS 78349 80167 LEASE LIABILITIES 84478 84478 PART V, LINE 4: THE JASSC ENDOWMENT FUND WAS ESTABLISHED TO BENEFIT THE NEEDS OF THE ORGANIZATION. THE PRINCIPAL IN THE ENDOWMENT FUND SHALL BE HELD AND INVESTED WITH ALL INCOME GENERATED USED IN ACCORDANCE WITH THE FUND GUIDELINES AS DETERMINED BY THE FUND'S TRUSTEES, WITH THE APPROVAL OF THE BOARD OF DIRECTORS. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING FUTURE DISASTER RELIEF 27270 0 0 0 0 0 0 27270 0 27270 EAST ASIA AND THE PACIFIC FUTURE DISASTER RELIEF 27270 WIRE 0 0 1 0 0 0 0 0 0 PART I, LINE 2: JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA (JASSC) ESTABLISHED THE 2011 JAPAN RELIEF FUND COMMITTEE, WHICH IS RESPONSIBLE FOR THE ADMINISTRATION OF THE 2011 JAPAN RELIEF FUND, INCLUDING INVESTIGATING AND VETTING NPO/NGO'S IN JAPAN PROVIDING DISASTER AND HUMANITARIAN RELIEF TO VICTIMS OF THE 2011 GREAT EAST JAPAN EARTHQUAKE AND TSUNAMI, AND CONFIRMING THAT ALL QUALIFYING NPO/NGO'S HAVE DEMONSTRATED THEIR EXPERIENCE IN PROVIDING THE MAXIMUM IMPACT, BOTH IN TERMS OF IMMEDIATE RELIEF NEEDS AND THE LONGER TERM RECOVERY PROCESS. JASSC'S 2011 JAPAN RELIEF FUND COMMITTEE TAKES GREAT CARE AND CONDUCTS EXTENSIVE DUE DILIGENCE TO RESEARCH ALL THE POSSIBLE NPO/NGO'S IN JAPAN THAT CAN PROVIDE BOTH IMMEDIATE HUMANITARIAN RELIEF AND LONG-TERM RECOVERY OF THE AFFECTED AREAS IN TOHOKU. THE ORGANIZATIONS THAT HAVE RECEIVED FUNDS HAVE ALL BEEN PRESENTED FOR REVIEW AND A FORMAL VOTE OF APPROVAL BY THE BOARD OF DIRECTORS, WHICH HAS STRICTLY FOLLOWED THE PRINCIPLES AND GUIDELINES OF INTERNATIONAL CHARITY OUTLINED BY THE IRS AND THE U.S. TREASURY. PRIOR TO 2019, THE ORGANIZATIONS IN JAPAN THAT HAVE RECEIVED FUNDS FROM THE 2011 JAPAN RELIEF FUND CONSTANTLY UPDATED THEIR WEBSITES, AT LEAST ON A QUARTERLY BASIS, PROVIDING EXPLANATIONS ON HOW THE FUNDS THEY RECEIVED WERE BEING USED. THE 2011 JAPAN RELIEF FUND COMMITTEE REVIEWED THOSE ORGANIZATIONS' WEBSITES TO MONITOR HOW THE FUNDS RECEIVED FROM THE 2011 JAPAN RELIEF FUND WERE BEING USED. THE COMMITTEE ALSO COMMUNICATED WITH STAFF OF THOSE ORGANIZATIONS, AS WELL AS WITH VICTIMS WHO BENEFITED FROM FUNDS FROM THE 2011 JAPAN RELIEF FUND. THESE PROCEDURES CONTINUED WITH RESPECT TO CERTAIN OF THE RECIPIENTS OF GRANTS IN 2019, BUT BEGINNING IN 2019, THE COMMITTEE ALLOCATED A PORTION OF ITS GRANTS TO SUPPORT NPO/NGO'S SPECIALIZING IN MENTAL HEALTH WELLNESS PROGRAMS FOR BOTH ADULTS AND CHILDREN. CERTAIN OF THESE GRANT RECIPIENTS DO NOT HAVE REGULARLY UPDATED WEBSITES, IN PART BECAUSE OF THEIR SIZE AND IN PART BECAUSE OF PRIVACY CONCERNS, AND THUS THE PRE-2019 MONITORING PROCEDURES COULD NOT BE FOLLOWED WITH REGARD TO THESE GRANT RECIPIENTS. AS AN ADDITIONAL MONITORING EFFORT, THE JASSC'S PRESIDENT AND MEMBERS OF THE BOARD OF DIRECTORS HAVE TRAVELED TO JAPAN ON SEVERAL OCCASIONS TO OBSERVE THE PERFORMANCE OF THE GRANTEE ORGANIZATIONS' CHARITABLE ACTIVITIES IN JAPAN TO ENSURE COMPLIANCE WITH EXPENDITURE RESPONSIBILITY RULES UNDER THE TAX LAW. PRIOR TO 2023, THE LAST TRANCHES FROM THE 2011 JAPAN RELIEF FUND WERE MADE IN 2019. SUBSEQUENTLY, EFFORTS WERE MADE TO CLOSE THE 2011 JAPAN RELIEF FUND BY DONATING TO ORGANIZATIONS THAT HAVE BEEN VETTED AND PREVIOUSLY RECEIVED FUNDS FROM THE 2011 JAPAN RELIEF FUND. BUT IT WAS DISCOVERED THAT THOSE ORGANIZATIONS WHICH PREVIOUSLY RECEIVED TRANCHES HAVE CLOSED. IN 2023, THE 2011 JAPAN RELIEF FUND COMMITTEE WITH THE APPROVAL OF THE BOARD MADE A TRANCHE TO THE FUKUSHIMA JAPAN RED CROSS FOR FUTURE DISASTER RELIEF TO CLOSE THE FUND. 114TH GALA DINNER 172800 126600 46200 3400 1100 42748 30337 172800 126600 46200 3400 1100 42748 30337 77585 -31385 FORM 990, PART VI, SECTION B, LINE 11B JAPAN AMERICA SOCIETY'S OFFICE MANAGER WORKS CLOSELY WITH THE OUTSIDE FIRM WHICH PREPARES THE RETURN. THE FINANCE COMMITTEE REVIEWS A DRAFT OF THE FINAL RETURN. THEN A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR ITS REVIEW. AFTER REVIEW, THE CHAIRMAN OF THE ORGANIZATION SIGNS THE RETURN AND THEN IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE OF THE BOARD IS CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ADDRESSING ANY POTENTIAL OR ACTUAL CONFLICTS. PURSUANT TO THE CONFLICTS OF INTEREST POLICY, EACH YEAR, EVERY MEMBER OF THE BOARD OF DIRECTORS AND EACH OF THE OFFICERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE, AMONG OTHER THINGS, ANY KNOWN CONFLICT, AND TO SIGN AN ACKNOWLEDGMENT THAT HE OR SHE UNDERSTANDS THE CONFLICT OF INTEREST POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE AUDIT COMMITTEE AND ANY PERSONS WITH ACTUAL OR POTENTIAL CONFLICTS ARE INFORMED VIA WRITTEN COMMUNICATION. IF A POTENTIAL CONFLICT DOES ARISE: 1. THE AUDIT COMMITTEE INVESTIGATES AND DETERMINES IF THERE IS A CONFLICT. 2. IN THE EVENT OF A FINDING OF A CONFLICT BY THE AUDIT COMMITTEE, THE AUDIT COMMITTEE SHALL INVESTIGATE ALTERNATIVES TO THE CONFLICT TRANSACTION, AND REPORT ITS RECOMMENDATIONS TO THE ORGANIZATION'S BOARD OF DIRECTORS. 3. THE BOARD OF DIRECTORS SHALL DETERMINE, AFTER REASONABLE INVESTIGATION OF THE MATERIAL FACTS AND WITHOUT THE VOTE OF APPLICABLE PERSON INVOLVED IN THE CONFLICT, WHETHER, AMONG OTHER THINGS, THE CONFLICT TRANSACTION IS FAIR AND REASONABLE AS TO THE ORGANIZATION, CONSIDERING POSSIBLE ALTERNATIVES. THE APPLICABLE PERSON INVOLVED IN THE CONFLICT WILL BE ENTITLED TO MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT CANNOT BE PRESENT AT THE DELIBERATIONS OR VOTE OF THE BOARD OF DIRECTORS. ONLY UPON A FAVORABLE DETERMINATION BY THE BOARD OF DIRECTORS SHALL THE CONFLICT TRANSACTION BE DEEMED APPROVED. FORM 990, PART VI, SECTION B, LINE 15A THE JAPAN AMERICA SOCIETY'S FINANCE COMMITTEE, ACTING AS THE COMPENSATION COMMITTEE, IS COMPRISED SOLELY OF INDEPENDENT, UNCOMPENSATED DIRECTORS, NONE OF WHOM HAS A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS FOR WHICH IT HAS OVERSIGHT, HAS BEEN DELEGATED AUTHORITY BY THE BOARD TO PROPOSE REASONABLE COMPENSATION PACKAGES FOR THE EXECUTIVE DIRECTOR (PRESIDENT). THE FINANCE COMMITTEE DEVELOPS, CONSISTENT WITH THE ORGANIZATION'S PHILOSOPHY AND PRINCIPLES, THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA. THE FINANCE COMMITTEE ALSO REVIEWS, ANALYZES AND PROVIDES BENCHMARKING DATA FOR THE TOTAL COMPENSATION AND BENEFITS PACKAGES OF OTHER EMPLOYEES. APPROPRIATE COMPARABILITY DATA IS OBTAINED FOR TOTAL ECONOMIC BENEFITS PAID BY SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS FOR SIMILAR RESPONSIBILITIES. THE FINANCE COMMITTEE REPORTS ITS RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. KEY DELIBERATIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN MINUTES. DOCUMENTATION INCLUDES: THE TERMS OF THE DELIBERATIONS, MEMBERS PRESENT AND THOSE WHO VOTED ON IT, A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED AND DATE APPROVED. JASSC'S COMPENSATION COMMITTEE ONLY MEETS WHEN THERE WILL BE AN INCREASE IN COMPENSATION FOR THE EXECUTIVE DIRECTOR (PRESIDENT). THERE WAS NO INCREASE IN COMPENSATION FOR JASSC'S EXECUTIVE DIRECTOR (PRESIDENT) IN 2023. FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE JAPAN AMERICA SOCIETY OF SOUTHERN CALIFORNIA'S (JASSC) GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTIONS, THE JASSC MAKES ITS FINANCIAL STATEMENTS AVAILABLE EACH YEAR AT ITS ANNUAL MEMBERS MEETING AND UPON REQUEST.