THE JAPAN-UNITED STATES EDUCATIONAL COMMISSIONSTATEMENT OF FINANCIAL POSITION(Thousands of yen)
June 30,2016

2015

Assets:Cash and cash equivalents

401,763

330,996Contributions receivable

2,556

821,600

Prepaid rent expenses

29,04229,098Other current assets

9,680

10,201

Property and equipment

20,914

950

Guarantee deposit-200

Total Assets

463,957

1,193,047

Grants payable in future years

32,122

34,571

Deferred revenue

94,047

713,419

Asset retirement obligations

20,171-Other current liabilities

74,449249,790

Accrued employee retirement benefits

136,792

126,772

357,582

1,124,554

The Program Operation Fund

97,57349,832The JUSEEPF Program Operation Fund

(105)

-The Japan-U.S. Educational Exchange Program Fund

9,011

15,640-3,019(105)-

Total Net Assets

106,374

68,493

Total Liabilities and Net Assets

463,957

1,193,047

Liabilities:

Total Liabilities
Net Assets:

The “New Kakehashi” Project Fund
The Baker Fund

THE JAPAN-UNITED STATES EDUCATIONAL COMMISSIONSTATEMENT OF ACTIVITIES(Thousands of yen)
Years ended June 30,2016

2015

Changes in unrestricted net assets:
Revenues and gains Contributions from governments

553,939

546,441

25,51527,757

58,14751,747-

931,500

613,500

204,500

12,993

8,589

Contributions from Mr. Jameson

3,896

5,762

Contributions from airlines

23,874

20,335

28

29-

5,368

Contributions from JUSEEPF
Contributions from governments for the Japan-U.S. Educational
Exchange Program FundContributions from governments for the “Kakehashi” Project FundContributions from governments for the “New Kakehashi” Project
FundContributions from Mr. Baker

Interest income
Foreign exchange gains, net
Others

2,533

7,698

1,294,428

1,809,729

International education administrators

5,3765,595

Researchers

29,85826,290

Lecturers / Researchers

27,906

41,543

Graduate research fellows

82,367

95,587

Fulbright fellows

21,03527,030Total revenues and gains
Expenses Grant Programs:Grants to Americans

Distinguished lecturers-1,597

Prior year adjustments(551)(12,049)

165,993

185,596

Researchers

39,95038,581

Journalists

4,035

16,557

Graduate students

155,673

205,986

Foreign language teaching assistant

10,401

2,976

Professional Degrees’ Program

31,805

8,272

Prior year adjustments(3,761)(18,754)

238,105

253,620

UNESCO program cost in Japan

23,907

17,939IIE program cost in U.S.

10,233

20,775

Other expenses

1,570

7,570

35,711

46,286

Grants to Japanese

The Japan-U.S. Teacher Exchange Program cost for ESD

The “Kakehashi” Project
Outsourcing expenses-912,750

542,590

201,281Grant related costs for Americans

1,823

1,874

Grant related costs for Japanese

3,676

3,302

Educational Advising Services

21,432

22,036

Alumni-related activities

1,483

2,447

28,41429,659

175,737

178,427-38,728

Repayments of contribution received for the “New Kakehashi” Project

61,252-Foreign exchange loss, net

8,741

-

1,256,547

1,846,351

Increase (decrease) in unrestricted net assets

37,880(36,621)

Net assets at beginning of year

68,493

105,113

Net assets at end of year

106,374

68,493The “New Kakehashi” Project
Outsourcing expenses
Non-Grant Programs

Administrative expenses
Repayments of contribution received for the “Kakehashi” Project

Total expenses