﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-09-24T14:08:16-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>208456898</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>KARN AND ASSOCIATES PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1225 E INTERNATIONAL AIRPORT RD STE</AddressLine1Txt>
        <CityNm>ANCHORAGE</CityNm>
        <StateAbbreviationCd>AK</StateAbbreviationCd>
        <ZIPCd>99518</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>920162774</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JAPANESE EDUCATION &amp; EXCHANGE FUND</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>INC</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>JAPA</BusinessNameControlTxt>
      <PhoneNum>9072467565</PhoneNum>
      <USAddress>
        <AddressLine1Txt>4114 VICTORIA CT</AddressLine1Txt>
        <CityNm>ANCHORAGE</CityNm>
        <StateAbbreviationCd>AK</StateAbbreviationCd>
        <ZIPCd>99502</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>ERIN WEBB</PersonNm>
      <PersonTitleTxt>TREASURER</PersonTitleTxt>
      <PhoneNum>9072222559</PhoneNum>
      <SignatureDt>2025-09-23</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>RICHARD KARN</PreparerPersonNm>
      <PTIN>P01780432</PTIN>
      <PhoneNum>9075639143</PhoneNum>
      <PreparationDt>2025-09-24</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990EZ documentId="RetDoc2" referenceDocumentId="RetDoc4">
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
      <Organization501c3Ind referenceDocumentId="RetDoc5">X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <GrossReceiptsAmt>79004</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>12154</ContributionsGiftsGrantsEtcAmt>
      <ProgramServiceRevenueAmt>51393</ProgramServiceRevenueAmt>
      <InvestmentIncomeAmt>5</InvestmentIncomeAmt>
      <FundraisingGrossIncomeAmt referenceDocumentId="RetDoc3">15452</FundraisingGrossIncomeAmt>
      <SpecialEventsDirectExpensesAmt>10144</SpecialEventsDirectExpensesAmt>
      <SpecialEventsNetIncomeLossAmt>5308</SpecialEventsNetIncomeLossAmt>
      <TotalRevenueAmt>68860</TotalRevenueAmt>
      <FeesAndOtherPymtToIndCntrctAmt>725</FeesAndOtherPymtToIndCntrctAmt>
      <OtherExpensesTotalAmt>56350</OtherExpensesTotalAmt>
      <TotalExpensesAmt>57075</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>11785</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>73901</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>85686</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIInd>X</InfoInScheduleOPartIIInd>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>92694</BOYAmt>
        <EOYAmt>85139</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <OtherAssetsTotalDetail>
        <EOYAmt>547</EOYAmt>
      </OtherAssetsTotalDetail>
      <Form990TotalAssetsGrp>
        <BOYAmt>92694</BOYAmt>
        <EOYAmt>85686</EOYAmt>
      </Form990TotalAssetsGrp>
      <SumOfTotalLiabilitiesGrp>
        <BOYAmt>18793</BOYAmt>
      </SumOfTotalLiabilitiesGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>73901</BOYAmt>
        <EOYAmt>85686</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <PrimaryExemptPurposeTxt>JAPANESE INTERN PROGRAM: HOST AND SUPPORT INTERNS FROM JAPAN WHO ARE INTERESTED IN TEACHING JAPANESE TO ENGLISH SPEAKING STUDENTS. THE INTERNS ARE ALL QUALIFIED TEACHERS WHO WORK AS TEACHER AIDS AND TUTORS WITHOUT ASD COMPENSATION. TNK SUPPLIES HOUSING, MEALS, CLOTHING, ESL CLASSES,TRANSPORTATION AND GIFTS.</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>JAPANESE INTERN PROGRAM: HOST AND SUPPORT INTERNS FROM JAPAN WHO ARE INTERESTED IN TEACHING JAPANESE TO ENGLISH SPEAKING STUDENTS. THE INTERNS ARE ALL QUALIFIED TEACHERS WHO WORK AS TEACHER AIDS AND TUTORS W/O ASD COMPENSATION. TNK SUPPLIES HOUSING, MEALS, CLOTHING, ESL CLASSES,TRANSPORTATION AND GIFTS.</DescriptionProgramSrvcAccomTxt>
        <ProgramServiceExpensesAmt>51687</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>51687</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KOURTNEY PETERSON</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KEHLE MIDDLETON</PersonNm>
        <TitleTxt>VICE PRESIDE</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>AIMEE O'NEIL</PersonNm>
        <TitleTxt>SECRETARY</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>ERIN WEBB</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <BooksInCareOfDetail>
        <PersonNm>ERIN WEBB</PersonNm>
        <USAddress>
          <AddressLine1Txt>4114 VICTORIA CT</AddressLine1Txt>
          <CityNm>ANCHORAGE</CityNm>
          <StateAbbreviationCd>AK</StateAbbreviationCd>
          <ZIPCd>99502</ZIPCd>
        </USAddress>
        <PhoneNum>9072222559</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
      <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
      <FiledScheduleAInd>true</FiledScheduleAInd>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc5">
      <PubliclySupportedOrg509a2Ind>X</PubliclySupportedOrg509a2Ind>
      <GiftsGrantsContrisRcvd509Grp>
        <CurrentTaxYearMinus4YearsAmt>7062</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>14626</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>23627</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>27286</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>12154</CurrentTaxYearAmt>
        <TotalAmt>84755</TotalAmt>
      </GiftsGrantsContrisRcvd509Grp>
      <GrossReceiptsAdmissionsGrp>
        <CurrentTaxYearMinus2YearsAmt>38428</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>20630</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>58642</CurrentTaxYearAmt>
        <TotalAmt>117700</TotalAmt>
      </GrossReceiptsAdmissionsGrp>
      <Total509Grp>
        <CurrentTaxYearMinus4YearsAmt>7062</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>14626</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>62055</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>47916</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>70796</CurrentTaxYearAmt>
        <TotalAmt>202455</TotalAmt>
      </Total509Grp>
      <PublicSupportTotal509Amt>202455</PublicSupportTotal509Amt>
      <GrossInvestmentIncome509Grp>
        <CurrentTaxYearMinus4YearsAmt>5</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>4</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>23</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearAmt>5</CurrentTaxYearAmt>
        <TotalAmt>37</TotalAmt>
      </GrossInvestmentIncome509Grp>
      <InvestmentIncomeAndUBTIGrp>
        <CurrentTaxYearMinus4YearsAmt>5</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>4</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>23</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearAmt>5</CurrentTaxYearAmt>
        <TotalAmt>37</TotalAmt>
      </InvestmentIncomeAndUBTIGrp>
      <NetIncomeFromOtherUBIGrp>
        <CurrentTaxYearMinus2YearsAmt>16344</CurrentTaxYearMinus2YearsAmt>
        <TotalAmt>16344</TotalAmt>
      </NetIncomeFromOtherUBIGrp>
      <TotalSupportCalendarYearGrp>
        <CurrentTaxYearMinus4YearsAmt>7067</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>14630</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>78422</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>47916</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>70801</CurrentTaxYearAmt>
        <TotalAmt>218836</TotalAmt>
      </TotalSupportCalendarYearGrp>
      <PublicSupportCY509Pct>0.92510</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>0.88940</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.00000</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.00000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleG documentId="RetDoc3">
      <FundraisingEventInformationGrp>
        <Event1Nm>FAMILY DINNER</Event1Nm>
        <GrossReceiptsEvent1Amt>9889</GrossReceiptsEvent1Amt>
        <GrossRevenueEvent1Amt>9889</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>4137</OtherDirectExpensesEvent1Amt>
        <GrossReceiptsTotalAmt>9889</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>9889</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>4137</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>4137</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>5752</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>CHITOSE FUNDRAISER CURRENT YEAR TRAVEL 1,619 TNK-PD CC FEES 147 MEARS OUTBOUND 10 MEARS OUTBOUND: FUNDRAISE 2,223 MEARS INBOUND 357 MEARS INBOUND GIFTS 440 MEARS INBOUND MEALS 2,787 MEARS ENTERTAINMENT 429 MEARS OUTBOUND HOURS -525 MEARS OUTBOUND GIFTS 612 SL OUTBOUND: HOURS SHORT -100 -354 ART FESTIVAL ART FESTIVAL 570 AUCTIONEER 3,000 WEBSITE/CC FEES 1,678 CATERING 4,500 RENTAL 1,000 SUPPLIES/DECOR 690 COST OF GOODS SOLD 912 EXPENSES OFFICE 51 INSURANCE 375 MIDDLE SCHOOL GRADUATION 589 DIMOND GRADUATION 892 ELEMENTARY GRADUATION 474 CLASSROOM SUPPORT STIPEND 1,000 WEBSITE 519 INTERN EXPENSES 18,883 COMMUNITY EVENTS 244 IMMERSION PROGRAMS 45 JAPANESE SPEECH CONTEST 1,895 ADOPT A STUDENT 893 CLASS SUPPORT: CONFERENCE 2,929 CLASS SUPPORT AKATJ DUES 200 CLASS SUPP CLASS EVENTS 151 DAI CHI EXPENSES 706 MEMBERSHIP EXPENSES 80 CC FEES: VENMO 37 CC FEES: PAYPAL 277 CC FEES: SQUARE 225 MEETING EXPENSE 200 TAIKO GRANT 1,000 TUTORING 320 CLASSROOM SUPPORT 475 CC FEES 2 SISTER CITY 12 SOA FEES 140 REPAIRS AND MAINT 13 TNK JAPANESE STORE PURCH 3,238 DONATION 490 TOTAL 56,350</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART II, LINE 24</FormAndLineReferenceDesc>
        <ExplanationTxt>PREPAID EXPENSES AND DEFERRED CHARGES 0 547 TOTAL 0 547</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART II, LINE 26</FormAndLineReferenceDesc>
        <ExplanationTxt>ESCROW ACCOUNT 18,793 0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>JAPANESE INTERN PROGRAM: HOST AND SUPPORT INTERNS FROM JAPAN WHO ARE INTERESTED IN TEACHING JAPANESE TO ENGLISH SPEAKING STUDENTS. THE INTERNS ARE ALL QUALIFIED TEACHERS WHO WORK AS TEACHER AIDS AND TUTORS WITHOUT ASD COMPENSATION. TNK SUPPLIES HOUSING, MEALS, CLOTHING, ESL CLASSES,TRANSPORTATION AND GIFTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III, LINE 28</FormAndLineReferenceDesc>
        <ExplanationTxt>JAPANESE INTERN PROGRAM: HOST AND SUPPORT INTERNS FROM JAPAN WHO ARE INTERESTED IN TEACHING JAPANESE TO ENGLISH SPEAKING STUDENTS. THE INTERNS ARE ALL QUALIFIED TEACHERS WHO WORK AS TEACHER AIDS AND TUTORS W/O ASD COMPENSATION. TNK SUPPLIES HOUSING, MEALS, CLOTHING, ESL CLASSES,TRANSPORTATION AND GIFTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>