Nihon Ki-In Go Institute Of The West Inc
- Assets
- $266.8k
- Revenue
- $42.1k
- Investments
- $71.1k
- Employees
- 7
- Location
- Everett, WA
- Founding
- 11/2009
- Data as of
- 06/2023
- EIN
- 91-1653572
Organization Overview
Nihon Ki-In Go Institute Of The West Inc is located in Everett, WA. The organization was established in 2009. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Nihon Ki-In Go Institute Of The West Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nihon Ki-In Go Institute Of The West Inc 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 06/2023, Nihon Ki-In Go Institute Of The West Inc generated $42.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $76.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATIONAL EXCHANGE BETWEEN PEOPLE OF DIFFERENT CULTURALBACKGROUNDS, INCLUDING, BUT NOT LIMITED TO, PROMOTION OF INSTRUCTION,TRAINING, AND COMPETITION IN THE GAME OF "GO".
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Chiles President | OfficerTrustee | 36 | $0 |
Leslie Crawford Vice President | OfficerTrustee | 1 | $0 |
Zhihong Yao Treasurer | OfficerTrustee | 1 | $0 |
Peter Kron Secretary | OfficerTrustee | 1 | $0 |
Solomon Choe Director | Trustee | 1 | $0 |
John Hogan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,118 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,532 |
| Noncash contributions included in lines 1a–1f | $5,289 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,650 |
| Total Program Service Revenue | $3,755 |
| Investment income | $944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,621 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,083 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $374 |
| Fees for services: Accounting | $2,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $716 |
| Office expenses | $1,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,495 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,009 |
| Insurance | $607 |
| All other expenses | $0 |
| Total functional expenses | $76,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,586 |
| Savings and temporary cash investments | $3,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,460 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $71,099 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,832 |
| Accounts payable and accrued expenses | $4,174 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,174 |
| Net assets without donor restrictions | $262,658 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $266,832 |