Nonprofit · EIN 77-0054274
HAKONE FOUNDATION
Tax-exempt · SARATOGA, CA 95070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,869,196 | $1,600,151 | $269,045 | $3,300,635 | $619,965 | $2,680,670 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $339,609
- Program service revenue
- $1,304,055
- Investment income
- $117,822
- Net income from fundraising events
- $24,049
- Net income from sales of inventory
- $83,661
- Other revenue
- $107,710
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $95,067
- Other salaries and wages
- $753,229
- Salaries, compensation and benefits (total)
- $1,008,762
- Professional fundraising fees
- $0
- Legal fees
- $1,680
- Accounting fees
- $3,862
- Occupancy
- $150,028
- Travel
- $1,122
- Depreciation
- $13,256
- Program services (functional)
- $1,361,008
- Management and general (functional)
- $125,337
- Fundraising (functional)
- $113,806
Balance sheet and other
- Total assets, start of year
- $3,036,318
- Total assets, end of year
- $3,300,635
- Total liabilities, end of year
- $619,965
- Net assets, end of year
- $2,680,670
- Land, buildings and equipment
- $172,569
- Net assets without donor restrictions
- $2,244,524
- Net assets with donor restrictions
- $436,146
- Gross unrelated business income
- $71,112
- Gross receipts
- $1,954,567
- Employees
- 23
- Volunteers
- 120
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Meredith Lee | Executive Director Officer, Key employee, Highest-paid employee | 40 | $95,067 | $5,819 |
| Kookie Fitzsimmons | Trustee/City Council Trustee or director | 2 | $0 | $0 |
| Phyllis Tung | Trustee Trustee or director | 2 | $0 | $0 |
| Sandy Miller | Trustee Trustee or director | 2 | $0 | $0 |
| Beverly Harada | Vice Chairperson Officer | 2 | $0 | $0 |
| Emily Lo | Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Connie Young Yu | Trustee Trustee or director | 2 | $0 | $0 |
| Faramarz Yazdani | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Ann Waltonsmith PhD | Immediate Past Chair Trustee or director, Officer | 2 | $0 | $0 |
| Yuki Hashimoto | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Hiroshi Tomita | Trustee Trustee or director | 2 | $0 | $0 |
| Bonnie Yamaoka | Trustee Trustee or director | 2 | $0 | $0 |
| Chuck Page | Trustee Trustee or director | 2 | $0 | $0 |
| Adrienne Reiko Iwanaga | Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 21000 BIG BASIN WAY, SARATOGA, CA 95070-5755
- Principal officer (990 for 2024)
- Faramarz Yazdani, PO Box 2324, Saratoga, CA 95070
- Signed the 990
- Faramarz Yazdani, Treasurer
- Phone
- (408) 741-4994
- Return prepared by
- Bernard M Valek CPA
Mission
Hakone Foundation is dedicated to preserving the historic legacy and authenticity of Hakone Estates and Gardens for public benefit, and promoting Asian cultural exchange through educational experiences. Originally built in 1915 as a private residence, today Hakone Estates and Gardens is one of the oldest Japanese gardens in the Western Hemisphere and a cherished public park by the local California Bay Area Community. Owned by the City of Saratoga since 1966, Hakone Foundation has independently operated Hakone on behalf of the City since 2000, hosting 40,000-65,000 visitors annually and maintaining . traditional Japanese gardens, a koi pond, several historic buildings and architectural features, a cultural with rotating art exhibits, and 4 traditional Japanese tea ceremony tetami spaces. Hakone Foundation presents numerous educational programs throughout the year to promote its mission of Asian cultural exchange, including Haname (cherry blossom viewing), Toro Nagashi (floating lantern
Program accomplishments
- One of the National Trust for Historic Preservations premier site and 100 years old, Hakone is one of the oldest Japanese estate, retreat and gardens in the Western Hemisphere. Hakone has also been on the National Register of Historic Places since 2013. The garden is 18 acres nestled on the verdant hills of Saratoga overlooking Silicon Valley. This timeless oasis of peace provides the perfect venue for weddings, birthdays, baby showers, family celebrations and memorial services. Additionally, Hakone has become a favorite destination for company retreats, offsite business meetings, corporate conferences and seminars. The garden carries on the Japanese spirit by hosting annual events such as Origami, Story Telling, Docent Tour/Tea Ceremony, Hina (Japanese Girl Festival), Tanabata (Wish upon the star festival), Toro Nagashi (Floating lantern ceremony), Kadomatsu Workshop (Japanese New Year decoration), Flower Arrangement Workshop, Dai-Chaki and Lunar Festival.Expenses $1,361,008 · revenue $719,073
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0054274
- 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
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,300,635
- Income (IRS master file)
- $1,954,567
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,849,105 | $1,372,237 | $3,036,318 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,644,816 | $1,282,686 | $2,498,236 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about HAKONE FOUNDATION
- What is the EIN of HAKONE FOUNDATION?
- The employer identification number (EIN) of HAKONE FOUNDATION is 77-0054274.
- Is HAKONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to HAKONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HAKONE 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 HAKONE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAKONE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HAKONE FOUNDATION?
- The 990 for the year ended June 30, 2025 names Faramarz Yazdani.
- Who are the officers and directors of HAKONE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $95,067 (Meredith Lee, Executive Director).
- How much revenue does HAKONE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,869,196, expenses of $1,600,151 and total assets of $3,300,635 at year end.
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