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Nonprofit · EIN 03-0493008

MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION

Tax-exempt · SAN FRANCISCO, CA 94108

Financials

$274K$874K2023$355K$755K2024
Revenue Expenses · by fiscal year end
Financials of MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$355,329$755,295-$399,966$6,383,794$111,338$6,272,456
December 31, 2023990$274,010$873,685-$599,675$6,714,178$55,876$6,658,302
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$173,000
Program service revenue
$0
Investment income
$182,329
Other revenue
$0

Expenses

Grants and similar amounts paid
$244,579
Compensation of officers, directors and key employees
$221,000
Salaries, compensation and benefits (total)
$237,340
Professional fundraising fees
$0
Legal fees
$324
Accounting fees
$20,640
Occupancy
$60,602
Travel
$51,057
Depreciation
$42,078
Program services (functional)
$547,508
Management and general (functional)
$207,787

Balance sheet and other

Total assets, start of year
$6,714,178
Total assets, end of year
$6,383,794
Total liabilities, end of year
$111,338
Net assets, end of year
$6,272,456
Land, buildings and equipment
$2,155,838
Net assets without donor restrictions
$1,620,588
Net assets with donor restrictions
$4,651,868
Gross receipts
$3,009,077
Employees
2
Volunteers
1
Year formed
2002
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KAZUO YAMAZAKIPRESIDENT
Trustee or director, Officer
24$144,000
YUKIKO YAMAZAWACFO
Officer
24$65,000
NATSUO OKADADIRECTOR
Trustee or director
1$12,000
MASAHIKO MORIDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KAZUO YAMAZAKIPRESIDENT
Trustee or director, Officer
24$144,000
YUKIKO YAMAZAWACFO
Officer
24$65,000
NATSUO OKADADIRECTOR
Trustee or director
1$12,000
MASAHIKO MORIDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1100 SACRAMENTO ST, SAN FRANCISCO, CA 94108-1918
In care of
% KAZUO YAMAZAKI
Principal officer (990 for 2024)
KAZUO YAMAZAKI, 1100 SACRAMENTO STREET 1004, SAN FRANCISCO, CA 94108
Signed the 990
KAZUO YAMAZAKI, PRESIDENT
Phone
(415) 775-5788
Return prepared by
GILBERT CPAS

California records

California keeps its own records of charities and corporations. Search them by EIN 03-0493008 or by the name MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO PROMOTE THE HIGHEST QUALITY TECHNOLOGIES IN THE FIELD OF MACHINE TOOLS AND RELATED INDUSTRIES BY ENCOURAGING THE EXCELLENT SCHOLARS, EDUCATORS AND STUDENTS TO JOIN AND WORK IN THE FIELD.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE SCHOLARSHIP FUNDS AND EQUIPMENT USAGE TO STUDENTS, POST GRADUATE RESEARCHERS AND PROFESSORS TO STUDY AND PERFORM RESEARCH IN THE FIELDS RELATED TO MACHINE TOOL SYSTEMS.
    Expenses $547,508 · grants $244,579
  • EXPANSION OF MISSION AND PROGRAM SERVICES:OUR MISSION IS TO ACHIEVE THE HIGHEST QUALITY TECHNOLOGY IN THE FIELD OF MACHINE TOOL AND ITS RELATED INDUSTRIES. TO ACHIEVE THIS, MACHINE TOOL TECHNOLOGY FOUNDATION WILL DO THE FOLLOWING:1)TO PROVIDE SCHOLARSHIP FUNDS TO THE STUDENTS AND POST GRADUATE RESEARCHERS TO STUDY AND PERFORM RESEARCH IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.2)TO DONATE FUNDS TO THE EDUCATIONAL INSTITUTIONS TO PROMOTE EDUCATION AND RESEARCH ACTIVITIES IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.3)TO PROVIDE THE FREE LOAN OF EQUIPMENT AND SOFTWARE TO EDUCATORS, STUDENTS, PROFESSIONAL RESEARCHERS AND TECHNICAL SPECIALISTS TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.4)TO CONDUCT A SURVEY OF MACHINE TOOL TECHNOLOGIES AND PUBLISH THE RESULTS.5)TO PROVIDE FUNDS TO EDUCATORS, STUDENTS, PROFESSIONAL RESEARCHERS AND TECHNICAL SPECIALISTS TO PREPARE PROMOTIONAL MATERIALS TO ENCOURAGE RESEARCH AND EDUCATIONAL ACTIVITIES IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.6)TO PROVIDE FUNDS TO EDUCATORS, STUDENTS, PROFESSIONAL RESEARCHERS AND TECHNICAL SPECIALISTS TO CONDUCT A SURVEY OF THE CURRENT EDUCATIONAL AND RESEARCH ACTIVITIES OF EDUCATIONAL INSTITUTIONS, RESEARCH INSTITUTES, AND NON-PROFIT ORGANIZATIONS IN THE FIELDS RELATED TO MACHINE TOOL SYSTEMS. THE SURVEY SHALL ALSO IDENTIFY THE EDUCATIONAL AND ENGINEERING HUMAN RESOURCE NEEDS OF THE MACHINE TOOL SYSTEMS INDUSTRIES. THE PURPOSE OF THE SURVEY IS TO IDENTIFY THE CURRENT STATUS OF EDUCATIONAL AND RESEARCH PROGRAMS OF EDUCATIONAL INSTITUTIONS, RESEARCH INSTITUTES, AND NON-PROFIT ORGANIZATIONS IN THE AREA OF MACHINE TOOL SYSTEMS AND COMPARE THESE PROGRAMS WITH THE EDUCATIONAL NEEDS IN MACHINE TOOL RELATED INDUSTRIES.7)TO PAY THE PROFESSIONAL ASSOCIATION FEES FOR MERITORIOUS STUDENTS, PROFESSIONAL RESEARCHERS AND EDUCATORS WORKING IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.8)TO PROVIDE FUNDS AND ADMINISTRATIVE SERVICES TO FACILITATE CONFERENCES AND MEETINGS FOR STUDENTS, EDUCATORS, PROFESSIONAL RESEARCHERS, AND TECHNOLOGY SPECIALISTS IN THE FIELD OF MACHINE TOOL TECHNOLOGIES.9)TO FINANCE TRAVEL AND REGISTRATION FEES SO THAT EDUCATORS, MERITORIOUS STUDENTS, AND PROFESSIONAL RESEARCHERS MAY ATTEND PROFESSIONAL CONFERENCES, MEETINGS, AND SEMINARS IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.10)TO FINANCE TRAVEL EXPENSES SO THAT MERITORIOUS STUDENTS, PROFESSIONAL RESEARCHERS AND EDUCATORS MAY VISIT EDUCATIONAL AND RESEARCH INSTITUTES, PUBLIC ORGANIZATIONS AND INDUSTRIES TO EXCHANGE TECHNOLOGICAL KNOWLEDGE OR STUDY THE EMERGING TECHNOLOGIES IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.11)TO PROVIDE FUNDS TO EDUCATORS, PROFESSIONAL RESEARCHERS, MERITORIOUS STUDENTS, AND ENGINEERING SPECIALISTS TO PUBLISH THEIR KNOWLEDGE IN FIELDS RELATED TO MACHINE TOOL SYSTEMS.12)TO HOLD CONFERENCES ON RESEARCH DEVELOPMENTS IN THE FIELD OF MACHINE TOOL SYSTEMS TECHNOLOGIES.13)TO COMMUNICATE WITH EDUCATORS, ENGINEERS AND SPECIALISTS IN FIELDS RELATED TO MACHINE TOOL TECHNOLOGIES TO SPREAD UNDERSTANDING ABOUT THE LATEST INFORMATION AND ENCOURAGE COLLABORATION AMONG THE EXPERTS.VISIONMACHINE TOOL TECHNOLOGIES FOUNDATION IS ENVISIONED AS A DIVERSIFIED FOUNDATION WHICH VALUES SERVICE THROUGH FIELDS OF ACADEMIA AS WELL AS INDUSTRY.TO GROW INTERNATIONALLY WELL-KNOWN FOUNDATION, WE STRIVE TO MAINTAIN FOUNDATION WITH DIGNITY AND HIGHEST ETHICAL STANDARDS.MACHINE TOOL TECHNOLOGIES FOUNDATION IS ENVISIONED AS A DIVERSIFIED FOUNDATION WHICH VALUES SERVICE THROUGH FIELDS OF ACADEMIA AS WELL AS INDUSTRY.TO GROW INTERNATIONALLY WELL-KNOWN FOUNDATION, WE STRIVE TO MAINTAIN FOUNDATION WITH DIGNITY AND HIGHEST ETHICAL STANDARDS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0493008
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$6,383,794
Income (IRS master file)
$3,009,077

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$355,329$755,295$6,383,794XML
990December 2023$274,010$873,685$6,714,178XML
990December 2022$111,756$1,090,500$7,329,477IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0493008).

Questions about MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION

What is the EIN of MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION?
The employer identification number (EIN) of MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION is 03-0493008.
Is MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION?
The 990 for the year ended December 31, 2024 names KAZUO YAMAZAKI.
Who are the officers and directors of MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $144,000 (KAZUO YAMAZAKI, PRESIDENT).
How much revenue does MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $355,329, expenses of $755,295 and total assets of $6,383,794 at year end.

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