Educational Corporation Mukogawa Gakuin
- Assets
- $1.4b
- Revenue
- $155.4m
- Investments
- $3.0m
- Employees
- 1
- Location
- Spokane, WA
- Founding
- 02/1991
- Data as of
- 03/2023
- EIN
- 94-3120807
Organization Overview
Educational Corporation Mukogawa Gakuin is located in Spokane, WA. The organization was established in 1991. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Corporation Mukogawa Gakuin 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 03/2023, Educational Corporation Mukogawa Gakuin generated $155.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $157.4m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ACTIVITY - PROVIDES EDUCATION FOR YOUNG CHILDREN AT KINDERGARTEN AGE AND GIRLS AND YOUNG WOMEN FROM JUNIOR HIGH SCHOOL TO POST-GRADUATE SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ACTIVITY - PROVIDES EDUCATION FOR YOUNG CHILDREN AT KINDERGARTEN AGE AND YOUNG WOMEN FROM JUNIOR HIGH SCHOOL TO POST-GRADUATE SCHOOLS. TOTAL ENROLLMENT WAS 10,931 AT MARCH 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shigeru Koe Officer | OfficerTrustee | 40 | $44,339 |
Ryo Okawara Chairman | OfficerTrustee | 40 | $41,691 |
Shigeto Serada President | OfficerTrustee | 40 | $12,795 |
Akira Yamazaki Trustee | Trustee | 40 | $13,897 |
Kazuyoshi Seguchi President | OfficerTrustee | 40 | $13,897 |
Naosuke Itoigawa Trustee | Trustee | 40 | $6,948 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Takenaka Corp General Contractor | 3/30/23 | $10,921,579 |
Ntt West Corp It And Telephone Service | 3/30/23 | $1,506,819 |
Asahi Kogyosha Co Ltd Construction | 3/30/23 | $1,255,094 |
Scsk Corporation It Service | 3/30/23 | $1,120,063 |
Hunet Inc Construction | 3/30/23 | $942,763 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,117,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $612,167 |
| Noncash contributions included in lines 1a–1f | $250,178 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,729,709 |
| Total Program Service Revenue | $115,365,440 |
| Investment income | $18,149,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,915,168 |
| Net Gain/Loss on Asset Sales | $3,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,370,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,867,587 |
| 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. | $134,968 |
| Compensation of current officers, directors, key employees. | $134,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,252 |
| Fees for services: Accounting | $103,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,208,841 |
| Office expenses | $13,051,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $444,702 |
| Travel | $847,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,818 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,175,590 |
| Insurance | $111,796 |
| All other expenses | $0 |
| Total functional expenses | $157,447,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,321 |
| Savings and temporary cash investments | $43,341,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,865,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $594 |
| Prepaid expenses and deferred charges | $614,711 |
| Net Land, buildings, and equipment | $723,612,951 |
| Investments—publicly traded securities | $648,809,470 |
| Investments—other securities | $3,048,713 |
| Investments—program-related | $0 |
| Intangible assets | $247,480 |
| Other assets | $0 |
| Total assets | $1,423,598,517 |
| Accounts payable and accrued expenses | $2,127,296 |
| 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 | $41,427,149 |
| Total liabilities | $43,554,445 |
| Net assets without donor restrictions | $0 |
| 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 | $1,380,044,072 |
| Total liabilities and net assets/fund balances | $1,423,598,517 |