Nick Hamatake Foundation
- Assets
- $581.3k
- Revenue
- $43.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-5747565
Organization Overview
Nick Hamatake Foundation is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. Nick Hamatake Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Nick Hamatake Foundation generated $43.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $7.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTWORK LOANS THE FOUNDATIONS SOLE ACTIVITY IS TO ACQUIRE WORKS OF ART AND LOAN THEM TO MUSEUMS ALL EXPENSES WERE ALLOCATED TO THIS CHARITABLE PROGRAM IN 2023 THE FOUNDATION LOANED AND DONATED ART TO LA COUNTY MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Mariash Secretary | 0 | $0 | |
Kenneth Mariash Treasurer | 0 | $0 | |
Christopher Hamatake Director | 0 | $0 | |
Nicolas Hamatake President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,356 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,330 |
| Capital Gain Net Income | $775 |
| Net ST Capital Gain | $775 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,869 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,994 |
| Contributions, gifts, grants paid | $3,890 |
| Total expenses and disbursements | $7,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,073 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $534,916 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,312 |
| Total assets | $581,301 |
| Accounts payable and accrued expenses | $356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $356 |
Grants Awarded
Over the last fiscal year, Nick Hamatake Foundation has awarded $3,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JAPANESE ART SOCIETY OF AMERICA PURPOSE: JOURNAL PUBLICATION | $2,000 |
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: MUSEUM COLLECTION | $1,890 |