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HAKONE FOUNDATION

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Public IRS 990 nonprofit record

HAKONE FOUNDATION

EIN 77-0054274 · Physical Fitness & Community Recreational Facilities (N30)

What they do

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

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $85.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.81%of revenue went to mission work85.1% of expenses · Program services
6.09%of revenue went to fundraising7.1% of expenses
$85.61spent for every $100 of revenueRevenue covered expenses this year.
6.71%of revenue went to management and office costs7.8% of expenses
$2.06in assets for every $1 spent this yearSome assets cannot be spent right away.
18.2%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $100,886 for MEREDITH LEE (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,869,196
Mission workProgram services$1,361,00872.81% of revenue85.1% of expenses
ManagementOffice and general costs$125,3376.71% of revenue7.8% of expenses
FundraisingAsking for donations$113,8066.09% of revenue7.1% of expenses
Revenue left after expensesReported annual surplus$269,04514.39% of revenueShown in gray on the chart
Total expenses$1,600,15185.61% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 85.1% mission · 7.8% management · 7.1% fundraisingTotal expenses: 85.61% of revenue
2023Expense mix: 83.5% mission · 9.0% management · 7.5% fundraisingTotal expenses: 74.21% of revenue
2022Expense mix: 83.9% mission · 8.7% management · 7.4% fundraisingTotal expenses: 77.98% of revenue
2021Expense mix: 80.5% mission · 12.4% management · 7.1% fundraisingTotal expenses: 61.00% of revenue
2020Expense mix: 86.3% mission · 6.4% management · 7.3% fundraisingTotal expenses: 67.52% of revenue
2019Expense mix: 87.0% mission · 6.2% management · 6.8% fundraisingTotal expenses: 121.17% of revenue
2018Expense mix: 87.1% mission · 6.2% management · 6.7% fundraisingTotal expenses: 90.73% of revenue
2017Expense mix: 86.7% mission · 6.5% management · 6.8% fundraisingTotal expenses: 87.37% of revenue

Money in and money out

Revenue$1,869,196
Expenses$1,600,151
Annual surplus $269,045 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,361,008 · 85.1% of expenses
Management and office costs$125,337 · 7.8% of expenses
Fundraising$113,806 · 7.1% of expenses
See all reported dollar amounts
Revenue$1,869,196
Expenses$1,600,151
Assets$3,300,635
Income$1,954,567
Contributions$339,609
Mission work (program services)$1,361,008
Fundraising$113,806
Management and general$125,337
Executive compensation (total)$97,965
Accounting fees$3,862
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MEREDITH LEEEXECUTIVE DIRECTOR · 40 hrs/week $100,886Base $95,067 · Other $5,819

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

MEREDITH LEEEXECUTIVE DIRECTOR

ADRIENNE REIKO IWANAGATRUSTEE

ANN WALTONSMITH PHDIMMEDIATE PAST CHAIR

BEVERLY HARADAVICE CHAIRPERSON

BONNIE YAMAOKATRUSTEE

CHUCK PAGETRUSTEE

CONNIE YOUNG YUTRUSTEE

EMILY LOCHAIRPERSON

FARAMARZ YAZDANITREASURER

HIROSHI TOMITATRUSTEE

KOOKIE FITZSIMMONSTRUSTEE/CITY COUNCIL

PHYLLIS TUNGTRUSTEE

SANDY MILLERTRUSTEE

YUKI HASHIMOTOSECRETARY

About this charity

Recognized since
January 1988
Location
21000 BIG BASIN WAY, SARATOGA, CA 95070-5755
County
Santa Clara
In care of
Faramarz Yazdani
Primary officer
Faramarz Yazdani, Treasurer

How to reach them

WebsiteVisit the charity’s website Emailgiftshop@hakonegardens.org Phone(408) 741-4994

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BERNARD M VALEK CPA
NTEE classification
Physical Fitness & Community Recreational Facilities (N30)
IRS tax category
Physical Fitness & Community Recreational Facilities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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