MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION

EIN: 030493008 501(c)(3) Education

SAN FRANCISCO, CA

Total Revenue
$355,329
Total Expenses
$755,295
Total Assets
$6,383,794
Net Assets
$6,272,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
KAZUO YAMAZAKI
Phone
4157755788
Tax Period
2024-01-01 to 2024-12-31

MACHINE TOOL TECHNOLOGIES RESEARCH FOUNDATION, founded in 2002, is a small nonprofit in the Education sector that reported $355K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $755K exceeded revenue, resulting in a 113% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $547,508

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.

Program 2

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $173,000
Program Service Revenue $0
Investment Income $182,329
Other Revenue $0
TOTAL REVENUE $355,329

Expense Breakdown

Grants Paid $244,579
Salaries & Benefits $237,340
Fundraising Expenses $0
Program Expenses $547,508
Other Expenses $273,376
TOTAL EXPENSES $755,295

Year-over-Year Comparison

2024 2023 Change
Revenue $355,329 $274,010 +0.3%
Expenses $755,295 $873,685 -0.1%
Net Income $-399,966 $-599,675 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
Employees
2
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$209,000
Total Directors
3
$156,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAZUO YAMAZAKI PRESIDENT 24.00
Officer Director
$144,000 $0 $144,000
MASAHIKO MORI DIRECTOR 1.00
Director
$0 $0 $0
NATSUO OKADA DIRECTOR 1.00
Director
$12,000 $0 $12,000
YUKIKO YAMAZAWA CFO 24.00
Officer
$65,000 $0 $65,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $355,329 $755,295 $6,383,794 $-399,966
2023 $274,010 $873,685 $6,714,178 $-599,675
2022 $111,756 $1,090,500 $7,329,477 $-978,744
2021 $713,677 $1,194,763 $8,251,406 $-481,086
2020 $634,309 $1,991,277 $8,723,955 $-1,356,968
2019 $1,202,524 $1,846,832 $10,086,017 $-644,308
2018 $2,956,779 $1,820,840 $10,714,512 $1,135,939
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