U.S. ‑ JAPAN COUNCIL (JAPAN)
Financial Statements
For the Year from January 1 to December 31, 2023

Table of Content
1) Balance Sheet
2) Net Asset Gain and Loss Calculation Sheet and the detail by divisions3) Explanatory notes
4) Supplemental Statement5) List of Properties

U.S. ‑ Japan Council (Japan)
Balance Sheet
As of 12/31/2023

Account Items
ⅠAssets
1 Current Assets
Cash and cash equivalent
Total Current Assets
2 Fixed Assets(1) Basic Funds
Cash and cash equivalent
Total Basic Funds(2) Specific Funds
PC
Prepaid Insurance
Cash and cash equivalent‑GENERAL Specific Funds
Cash and cash equivalent‑TOMODACHI Specific Funds
Total Specific Funds(3) Other Fixed Assets
Total Other Fixed Assets
Total Fixed Assets
Total Assets

ⅡⅢLiabilities
1 Current Liabilities
Accrued Expenses ‑ Vendors,etc.
Accrued Expenses ‑ Due to USJC(US)
Deposits Received
Total Current Liabilities
2 Fixed Liabilities
Total Fixed Liabilities
Total Liabilities
Net Assets
1 Specified Net Assets
Donation
Total Specified Net Assets（Apportion to Basic Funds)(Apportion to Specific Funds)
2 General Net Assets（Apportion to Basic Funds)（Apportion to Specific Funds)
Total Net Assets
Total Liabilities and Net Assets

As of December 31, 2023

As of December 31, 2022

(UNIT:JPY)
VAR

49,889,346
49,889,346

6,589,350
6,589,350

43,299,996
43,299,996

3,000,000
3,000,000

3,000,000
3,000,000

00466,549
496,380
179,444,525
267,345,816
447,753,270

577,916
496,720
153,853,655
153,106,709
308,035,000‑111,367‑340
25,590,870
114,239,107
139,718,270

0450,753,2700
311,035,000

0
139,718,270

500,642,616

317,624,350

183,018,266

3,748,068
44,360,388
1,780,890
49,889,3463,162,129
0
3,427,221
6,589,350

585,939
44,360,388‑1,646,331
43,299,996

049,889,346

0
6,589,350

043,299,996

450,753,270
450,753,270
3,000,000
447,753,270

311,035,000
311,035,000
3,000,000
308,035,000

139,718,270
139,718,270
0
139,718,270

00450,753,270
500,642,616

00
311,035,000
317,624,350

00139,718,270
183,018,266

U.S. ‑ Japan Council (Japan)
Net Asset Gain and Loss Calculation Sheets
From January 1, 2023 to December 31, 2023
(UNIT:JPY）
AccountⅠ2023

VAR

2022

Changes in Net Assets1(1)①Operating Activities
Recurring Income
Donation Income
Amount Transferred from Specified Net Assets

(2)
①②2
(1)

279,064,144
279,064,144
279,064,144

264,705,382
264,705,382
264,705,382

14,358,762
14,358,762
14,358,762

Recurring Expenses
Departmental Expenses
Salaries
Legal Social Welfare
Commuting Expenses
Program Implementation Expenses
Contracted Service (USJC‑US)
Supplies Expenses
Printing Expenses
Travel Expenses
Meeting/Event Expenses
Program Consultant
Postage/Communication
Website Expenses

266,424,103
47,761,122
11,484,971
655,030
125,759,183
26,680,360
251,004
757,958
4,440,412
36,578,628
11,053,790
888,289
113,356

252,851,843
50,961,096
12,088,280
734,810130,054,538
17,422,071
1,100,242
1,210
1,453,654
29,325,261
7,380,237
1,919,899
410,545

13,572,260△ 3,199,974△ 603,309△ 79,780△ 4,295,355
9,258,289△ 849,238
756,748
2,986,758
7,253,367
3,673,553△ 1,031,610△ 297,189

Administrative Expenses
Supplies Expenses
Travel Expenses
Depreciation
Printing Expenses
Rental Expenses
Insurance Expenses
Professional
Postage/Communication
Welfare Expenses
Bank Charges
Others12,640,041
11,778
1,783,980
474,647
276,760
2,450,581
496,720
4,671,696
1,114,197
599,225
100,485
659,972

11,853,539
76,109819,112620,805441,8482,360,018
493,9704,858,747
597,942
541,554103,290
940,144786,502△ 64,331
964,868△ 146,158△ 165,088
90,5632,750△ 187,051
516,255
57,671△ 2,805△ 280,172

Total Recurring Expenses
Changes in Recurring Income/Expenses

279,064,144
0

264,705,382
014,358,762
0

Non Recurring Gain000

Non Recurring Loss
Changes in Non Recurring Gain/Loss

000000Changes in Net Assets

000

Beginning General Net Assets BalanceEnding General Net Assets Balance

000000Changes in Specified Net Assets
Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Specified Net Assets
Beginning Specified Net Assets BalanceEnding Specified Net Assets Balance

414,394,453
9,819
4,378,142△ 279,064,144
139,718,270
311,035,000
450,753,270

220,911,746
13,14916,641,891△ 264,705,382△ 27,138,596
338,173,596
311,035,000

193,482,707△ 3,330△ 12,263,749△ 14,358,762
166,856,866△ 27,138,596139,718,270

Ending Net Assets

450,753,270

311,035,000

139,718,270

Non‑operating Activities

(2)

ⅡⅢ

U.S. ‑ Japan Council (Japan)
Statement of Activities (by divisions)
From January 1, 2023 to December 31, 2023
(UNIT:JPY）
Public Initiatives

Account
TOMODACHIⅠ

合計

General Education

CommonGrand Total

Changes in Net Assets
1(1)①

Operating Activities
Recurring Income
Donation Income
Amount Transferred from Specified Net Assets(2)①

Recurring Expenses
Departmental Expenses
Salaries
Legal Social Welfare
Commuting Expenses
Program Implementation Expenses
Contracted Service (USJC‑US)
Supplies Expenses
Printing Expenses
Travel Expenses
Meeting/Event Expenses
Program Consultant
Postage/Communication
Website Expenses②

Administrative expenses
Supplies Expenses
Travel Expenses
Depreciation
Printing Expenses
Rental Expenses
Insurance Expenses
Professional
Postage/Communication
Welfare Expenses
Bank Charges
Others140,569,126
140,569,126
140,569,126

125,854,977
125,854,977
125,854,977

12,640,041
12,640,041
12,640,041

279,064,144
279,064,144
279,064,144

140,569,126
15,524,464
3,733,121
212,914
102,471,473
12,385,293
108,404
511,569
3,200,371
1,032,435
908,160
403,360
77,562

125,854,977
32,236,658
7,751,850
442,116
23,287,710
14,295,067
142,600
246,389
1,240,041
35,546,193
10,145,630
484,929
35,7940000000000000

266,424,103
47,761,122
11,484,971
655,030
125,759,183
26,680,360
251,004
757,958
4,440,412
36,578,628
11,053,790
888,289
113,3560000000000000000
0000000
0

12,640,041
11,778
1,783,980
474,647
276,760
2,450,581
496,720
4,671,696
1,114,197
599,225
100,485
659,972

12,640,041
11,778
1,783,980
474,647
276,760
2,450,581
496,720
4,671,696
1,114,197
599,225
100,485
659,972

140,569,126
0

125,854,977
0

12,640,041
0279,064,144
0Realized Currency Revaluation Gain
Non Recurring Gain

0000000

Non Recurring Loss
Changes in Non Recurring Gain/Loss

00000000

Changes in Net Assets

0000

Beginning General Net Assets BalanceEnding General Net Assets Balance

00000000

Changes in Specified Net Assets
Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Specified Net AssetsBeginning Specified Net Assets BalanceEnding Specified Net Assets Balance

000000000000000000000414,394,453
9,819
4,378,142△ 279,064,144
139,718,270
311,035,000
450,753,270

Ending Net Assets

000450,753,270

Toal Recurring Expenses
Changes in Recurring Income/Expenses
2(1)Non‑operating Activities

(2)

ⅡⅢ

US‑Japan Council (Japan)
Explanatory notes to the financial statements
As of 12/31/2023
1．Significant Accounting Policies（1）Donation
Donation are recognized as donation income in the period received in the Net Asset Gain and Loss Calculation
Sheet, based on the donor imposed restrictions. In our balance sheet, donation which are received but stillrestricted by the donor at the end of the period, are reported and classified as specified fund. Such donation
are classified from specified net asset to general net asset and reported as income upon the achievement of theprogram purpose and as the amounts become unrestricted.
（2）Consumption tax
We calculate and account for consumption tax based on tax‑inclusive accounting method.
2． Balance of the basic fund and specified fundFollowing sheet shows the balance of the basic fund and specified fund.
（Unit:Yen）
Subject
Basic fundCash and cash equivalent
SubtotalSpecified asset
Equipment
Prepaid insurance
General Fund
Tomodachi fund
Subtotal
Total

Beginning
Balance

Increase within
the period

Decrease within
the period

3,000,000
3,000,000‑‑‑‑

3,000,000
3,000,000

577,916
496,720
153,853,655
153,106,709
308,035,000
311,035,000

363,280
496,380
104,916,385
309,487,887
415,263,932
415,263,932

474,647
496,720
79,325,515
195,248,780
275,545,662
275,545,662

466,549
496,380179,444,525
267,345,816
447,753,270
450,753,270

Ending Balance

3．Breakdown of basic fund and specified fundFollowing sheet shows the breakdown of basic fund and specified fund.
（Unit:Yen）
Subject
Basic Fund
Cash and cash equivalent
SubtotalSpecified fundEquipment
Prepaid insurance
General Fund
Tomodachi fund
Subtotal
Total

Ending balance（amount ofappropriationfrom specified
net asset ）（amount ofappropriationfrom general net
asset）（amount ofliability）

3,000,000
3,000,000

3,000,000
3,000,000‑‑‑‑

466,549
496,380
179,444,525
267,345,816
447,753,270
450,753,270

466,549
496,380
179,444,525
267,345,816
447,753,270
450,753,270‑‑‑‑‑‑‑‑‑‑‑‑

4．Asset subject to lien
N/A
5. The acquisition cost of fixed asset, amount of accumulated depreciation and the ending balance
Following sheet shows the acquisition cost, amount of accumulated depreciation and the ending balance of the fixed asset.
（Unit:Yen）
Acquisition cost
Equipment

3,324,451

Amount ofaccumulated
depreciation
2,857,902

Book value
466,549

6．Contingent liability for guaranteed obligation
N/A7．Breakdown, increase and decrease amount and ending balance of grant
N/A
8. Breakdown of the amount of appropriation from specified net asset to general net asset
Following chart shows the breakdown of the amount of appropriation from specified net asset to general net asset.
（Unit:Yen）
Contents
Amount of value
Amount of transfer to recurring income

Amount of the income which became unrestricted
upon the achievement of the program purpose

279,064,144

Total

279,064,144

9．Detail of internal transaction
N/A
10．Important subsequent event
N/AUS‑Japan Council (Japan)
Supplemental statement
As of 12/31/2023
1．Statement of basic fund and specified asset
We omitted the statement of basic fund and specified fund as those are noted atparagraph 2
Breakdown of basic fund and specified fund within explanatory
notes to the financial statements.

U.S. ‑ Japan Council (Japan)
List of Properties
As of December 31, 2023
Balance Sheet Account Item
(Current Assets)
Cash and cash
equivalent

Location, quantity, etc

Intended use, etc

Used as working capital (to be
Ordinary Account ‑ Bank of Mitsubishi transferred from MUFG‑ Specific Fund
UFJ (MUFG)(TOMODACHI,General)

Total Current Assets(Fixed Assets)
Basic Funds

49,889,346

49,889,346

Cash and cash
equivalent

Savings Account ‑ Bank of Mitsubishi
UFJ (MUFG)

Equity Funds for Koeki Hojin

Equipment

PC

Fixed Net Assets

Prepaid Insurance Prepaid Insurance

Specific Funds(Unit: JPY)
Amount3,000,000

466,549
496,380

General Education
Bank account and cash on hand
Fund

Used for Public Interest Purposes ‑funds to be appropriated to General
Education

179,444,525

TOMODACHI Fund

Used for Public Interest Purposes ‑funds to be appropriated to TOMODACHI
Initiatives

267,345,816

Bank account and cash on hand

Total Specific Funds

447,753,270

Total Fixed Assets
Total Assets(CurrentLiabilities)

450,753,270
500,642,616
Accrued Expenses ‑ Vendors, etc.
Due to USJC(US)
Deposits Received

Accrued Expenses related to TOMODACHI
fund and General Education
Accrued Expenses related to TOMODACHIand General Education
Withholding tax,WH Resident tax andSocial insurances

3,748,068
44,360,388
1,780,890

Total Current Liabilities

49,889,346

Total Liabilities

49,889,346

Net Assets

450,753,270