Mukogawa Fort Wright Institute
- Assets
- $14.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 44
- Location
- Spokane, WA
- Founding
- 02/1991
- Data as of
- 06/2021
- EIN
- 94-3116985
Organization Overview
Mukogawa Fort Wright Institute is located in Spokane, WA. The organization was established in 1991. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Mukogawa Fort Wright Institute employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mukogawa Fort Wright Institute 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 06/2021, Mukogawa Fort Wright Institute generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN ACCREDITED WOMEN'S UNIVERSITY OFFERING HIGHER EDUCATION ESL CLASSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ACCREDITED WOMEN'S UNIVERSITY OFFERING HIGHER EDUCATION ESL CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryo Okawara President | OfficerTrustee | 2 | $0 |
Shigeru Koe Secretary/treasurer | OfficerTrustee | 2 | $0 |
Raymond Fadeley Assistant Secretary/treasu | OfficerTrustee | 1 | $0 |
Akihiro Nakahara Executive VP | Officer | 40 | $0 |
Kazuyoshi Seguchi Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,042,979 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,042,979 |
| Total Program Service Revenue | $893,476 |
| Investment income | $89,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$261,871 |
| Net Gain/Loss on Asset Sales | $17,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,781,309 |
| 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 | $1,310,562 |
| Pension plan accruals and contributions | $44,606 |
| Other employee benefits | $299,562 |
| Payroll taxes | $131,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,836 |
| Fees for services: Accounting | $54,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,134 |
| Advertising and promotion | $1,545 |
| Office expenses | $58,257 |
| Information technology | $30,205 |
| Royalties | $0 |
| Occupancy | $154,900 |
| Travel | $5,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,946 |
| Interest | $2,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471,851 |
| Insurance | $41,646 |
| All other expenses | $6,310 |
| Total functional expenses | $2,911,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,565 |
| Savings and temporary cash investments | $695,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,121 |
| Inventories for sale or use | $14,504 |
| Prepaid expenses and deferred charges | $16,255 |
| Net Land, buildings, and equipment | $8,741,771 |
| Investments—publicly traded securities | $4,533,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,184,098 |
| Accounts payable and accrued expenses | $151,689 |
| 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 | $175,856 |
| Total liabilities | $327,545 |
| Net assets without donor restrictions | $13,856,553 |
| 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 | $14,184,098 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ilisagvik College Barrow, AK | $34,187,549 | $21,867,798 |
Highline College Foundation Des Moines, WA | $8,034,941 | $3,335,719 |
Mukogawa Fort Wright Institute Spokane, WA | $14,184,098 | $2,781,309 |
Lane Community College Foundation Eugene, OR | $21,564,945 | $4,092,678 |
South Puget Sound Community College Foundation Olympia, WA | $16,405,251 | $11,563,000 |
Clackamas Community College Foundation Oregon City, OR | $28,032,212 | $4,829,424 |
District 17 Community Colleges Foundation Spokane, WA | $33,198,124 | $3,322,447 |
Everett Community College Foundation Everett, WA | $7,096,357 | $1,978,153 |
Walla Walla Community College Foundation Walla Walla, WA | $26,263,368 | $2,469,058 |
Chemeketa Community College Foundation Salem, OR | $8,435,146 | $1,337,915 |
Tacoma Community College Foundation Tacoma, WA | $9,516,618 | $2,238,933 |
South Seattle Community College Foundation Seattle, WA | $25,867,934 | $1,580,679 |