The Terasaki Nibei Foundation
- Assets
- $5.7m
- Revenue
- $405.0k
- Investments
- $5.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 95-4692410
Organization Overview
The Terasaki Nibei Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terasaki Nibei 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, Terasaki Nibei Foundation generated $405.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $473.2k during the year ending 12/2021. While expenses have increased by 14.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Terasaki Nibei Foundation has awarded 22 individual grants totaling $887,862. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS WERE HELD TO PROMOTE SOCIAL INTERCOURSE AND FELLOWSHIP AMONG JAPANESE AND JAPANESE AMERICAN DOCTORS AND PROFESSORS. SOME OF THE JAPANESE DOCTORS ARE IN AMERICA TEMPORARILY TO CONTINUE THEIR POST-DOCTORAL TRAINING. LECTURES ON VARIOUS GENERAL TOPICS OF INTEREST WERE GIVEN, STUDY GROUP OF DIFFERENT TOPICS OF RESEARCH, AND TOURS OF HOSPITALS IN THE LOS ANGELES AREA. SOCIALIZATION PROGRAMS WERE CONDUCTED FOR RECENTLY ARRIVED DOCTORS AND THEIR FAMILIES FROM JAPAN TO HELP THEM ADJUST TO LIFE IN THE UNITED STATES. EDUCATION ABOUT AMERICAN LIFE AND CULTURE WAS PROVIDED THROUGH ACTIVITIES. DUE TO THE PANDEMIC FEWER MEETINGS WERE HELD. THERE WERE A FEW VIRTUAL EVENTS. FOR THE YEAR, THERE WERE 141 PARTICIPANTS AND ON AVERAGE 28 PEOPLE ATTENDED THE MONTHLY MEETINGS AND EVENTS.
VARIOUS CLASSES AND PROGRAMS CONDUCTED TO FURTHER THE ADVANCEMENT OF JAPANESE-AMERICAN CULTURAL RELATIONS. STARTING IN 2013, THE FOUNDATION ESTABLISHED A LECTURE EVENT SERIES, "NIBEI POWERFUL NETWORKING MEETING LECTURE SERIES". THESE EVENTS PROMOTE NETWORKING WITHIN THE JAPANESE-AMERICAN COMMUNITY BY OFFERING VARIOUS LECTURES AND MEETINGS RELATED TO JAPANESE AMERICAN CULTURE. THIS YEAR DUE TO THE PANDEMIC SHUTDOWN THE JAPAN STUDY CLUB HOSTED ONLY VIRTUAL EVENTS, HELD CONTESTS VIA THE WEBSITE WITH 39 PARTICIPANTS AND PUBLISHED MONTHLY NEWSLETTERS TO 645 SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Han CFO | 2 | $0 | |
Keith K Terasaki President | 1 | $0 | |
Paul K Terasaki Secretary | 1 | $0 | |
Cecilia Terasaki Director | 0 | $0 | |
Naoko Terasaki Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $27 |
| Dividends & Interest | $127,098 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $276,887 |
| Capital Gain Net Income | $276,887 |
| Net ST Capital Gain | $18,591 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $405,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $37,792 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $217 |
| Printing and publications | $0 |
| Other expenses | $53,943 |
| Total operating and administrative expenses | $168,167 |
| Contributions, gifts, grants paid | $305,000 |
| Total expenses and disbursements | $473,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249 |
| Savings and temporary cash investments | $80,366 |
| 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 | $4,656 |
| 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 | $0 |
| Total assets | $5,715,346 |
| 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, The Terasaki Nibei Foundation has awarded $305,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL SUPPORT | $100,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $55,000 |
Los Angeles, CA PURPOSE: SPONSORSHIP OF ANNUAL GALA DINNER | $50,000 |
Los Angeles, CA PURPOSE: SPONSORSHIP OF ANNUAL GALA | $50,000 |
Los Angeles, CA PURPOSE: SPONSORSHIP OF UCLA JAPAN TOURSUPPORT IRENE HIRANO INOUYE AWARD FUND | $25,000 |
Los Angeles, CA PURPOSE: SPONSORSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |