Nakasone Family Foundation
- Assets
- $1.6m
- Revenue
- $160.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 75-3014409
Organization Overview
Nakasone Family Foundation is located in Salt Lake City, UT. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nakasone Family 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 12/2021, Nakasone Family Foundation generated $160.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $178.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nakasone Family Foundation has awarded 156 individual grants totaling $876,729. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed W Topham Secretary | 2 | $23,499 | |
Mary Lynn Nakasone Vp/director | 0 | $0 | |
Robert C Nakasone Pres/direct | 0 | $0 | |
Anna N Topham Treasurer/di | 0 | $0 | |
Thomas A Nakasone Director | 0 | $0 | |
Sarah N Nakasone Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $47,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,720 |
| Capital Gain Net Income | $106,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,321 |
| Total Revenue | $160,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,499 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,798 |
| Printing and publications | $0 |
| Other expenses | $5,351 |
| Total operating and administrative expenses | $48,784 |
| Contributions, gifts, grants paid | $129,329 |
| Total expenses and disbursements | $178,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,321 |
| 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 | $0 |
| 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 | $3,577 |
| Total assets | $1,610,038 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Nakasone Family Foundation has awarded $129,329 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Claremont, CA PURPOSE: SUPPORT | $53,250 |
Cary, NC PURPOSE: SUPPORT | $20,000 |
Salt Lake City, UT PURPOSE: SUPPORT | $10,000 |
DIRECT RELIEF INTERNATIONAL PURPOSE: SUPPORT | $8,079 |
CANCER CENTER OF SANTA BARBARA PURPOSE: SUPPORT | $8,000 |
Santa Barbara, CA PURPOSE: SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Charles K Blandin Residuary Trust 30/15962 Las Vegas, NV | $0 | $17,582,870 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |