Civic Intelligence

Nisei Student Relocation Commemorative Fund

990 • Fiscal year 2014 • EIN 06-1021906

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 10, 2015

Organization ProfileWWW.NSRCFUND.ORG
19 Scenic DrivePortland, CT 06480

(860) 342-1731

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

58th percentile

4.4%

Faster asset growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-23%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,531,912

Up $64,098 (+4.4%) from 2013

Net Assets

Up

$1,531,912

Up $64,098 (+4.4%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin92nd percentile

Revenue

Down

$180,144

Down $54,928 (-23%) from 2013

Expenses

Up

$83,576

Up $6,714 (+8.7%) from 2013

Net Income

Down

$96,568

Down $61,642 (-39%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,139,955Liabilities 2010: $0Net Assets 2010: $1,139,9552010Assets 2011: $1,080,509Liabilities 2011: $0Net Assets 2011: $1,080,5092011Assets 2012: $1,215,926Liabilities 2012: $0Net Assets 2012: $1,215,9262012Assets 2013: $1,467,814Liabilities 2013: $0Net Assets 2013: $1,467,8142013Assets 2014: $1,531,912Liabilities 2014: $0Net Assets 2014: $1,531,9122014Assets 2015: $1,544,664Liabilities 2015: $0Net Assets 2015: $1,544,6642015Assets 2016: $1,684,106Liabilities 2016: $0Net Assets 2016: $1,684,1062016Assets 2017: $1,914,648Liabilities 2017: $0Net Assets 2017: $1,914,6482017Assets 2018: $1,790,918Liabilities 2018: $0Net Assets 2018: $1,790,9182018Assets 2019: $2,163,834Liabilities 2019: $0Net Assets 2019: $2,163,8342019Assets 2020: $2,486,608Liabilities 2020: $0Net Assets 2020: $2,486,6082020Assets 2021: $2,886,793Liabilities 2021: $0Net Assets 2021: $2,886,7932021Assets 2022: $2,408,650Liabilities 2022: $0Net Assets 2022: $2,408,6502022Assets 2023: $2,765,823Liabilities 2023: $0Net Assets 2023: $2,765,8232023Assets 2024: $3,210,658Liabilities 2024: $0Net Assets 2024: $3,210,6582024

Highlighted filing

2014

Assets$1,531,912
Liabilities$0
Net Assets$1,531,912
Open 2014 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $74,1832010Expenses 2011: $90,8122011Expenses 2012: $87,3722012Revenue 2013: $235,072Expenses 2013: $76,862Net Income 2013: $158,2102013Revenue 2014: $180,144Expenses 2014: $83,576Net Income 2014: $96,5682014Revenue 2015: $163,043Expenses 2015: $81,855Net Income 2015: $81,1882015Revenue 2016: $137,036Expenses 2016: $87,132Net Income 2016: $49,9042016Revenue 2017: $200,324Expenses 2017: $83,885Net Income 2017: $116,4392017Revenue 2018: $198,878Expenses 2018: $82,621Net Income 2018: $116,2572018Revenue 2019: $178,071Expenses 2019: $81,508Net Income 2019: $96,5632019Revenue 2020: $203,234Expenses 2020: $97,432Net Income 2020: $105,8022020Revenue 2021: $483,722Expenses 2021: $70,675Net Income 2021: $413,0472021Revenue 2022: $26,312Expenses 2022: $99,935Net Income 2022: -$73,6232022Revenue 2023: $220,156Expenses 2023: $76,502Net Income 2023: $143,6542023Revenue 2024: $460,751Expenses 2024: $110,530Net Income 2024: $350,2212024

Highlighted filing

2014

Revenue$180,144
Expenses$83,576
Net Income$96,568
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 10, 2015
Return Version
2014v5.0
Gross Receipts
$1,977,094
Mission and Program Overview

Mission

The nisei student relocation commemorative fund is a 501(c)(3) organization founded in new england that annually awards scholarships to students from underserved communities pursuing higher education. The nsrc fund was established in 1980 by second generation japanese americans, nisei, in gratitude to the national japanese american student relocation council. The council made it possible for the nisei to leave the world war ii prison camps for colleges and universities across the united states. The nsrc fund encourages inter-ethnic collaboration and promotes public awareness and understanding of the forced removal and internment of 120,000 persons of japanese ancestry during world war ii.

Provide post-secondary scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,433,315$1,506,178▲ $72,863
Cash and Non-Interest-Bearing Accounts$34,499$25,734▼ $8,765
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,467,814$1,531,912▲ $64,098
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,467,814$1,531,912▲ $64,098
Total Net Assets Fund Balance$1,467,814$1,531,912▲ $64,098
Total Liabilities and Net Assets / Fund Balance$1,467,814$1,531,912▲ $64,098

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,433,315-▲ $108,122-$1,506,178
2013$1,196,488-▲ $280,320-$1,433,315
2012$1,056,614-▲ $186,614-$1,196,488
2011$1,107,273-▼ $3,960-$1,056,614
2010$976,120-▲ $142,303-$1,107,273
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Paul Y WatanabePresident
Dr James McilwainBoard Member
Dr Phuoc V LeBoard Member
Islanda KhauBoard Member
Keith K SchurichtBoard Member
Margaret YamamotoBoard Member
May O TakayanagiBoard Member
Phitsamay Sychitkokhong UyBoard Member
Dr Yutaka KobayashiBoard Member/awards Commit
Jean Y HibinoExecutive Secretary
Kesaya E NodaRecording Secretary
Stephen Y HibinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,796
Program Service Revenue
$0
Investment Income
$141,348
Other Revenue
$0
All Other Contributions
$38,796
Change in Net Assets
$96,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$52,000
Other Expenses$31,576
Total Fundraising Expense$3,359
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$52,000--$52,000
Fees for Service Investment Mgmnt Fees-$15,259-$15,259
Office Expenses$3,359$161$3,359$6,879
Travel-$4,507-$4,507
Fees for Services Accounting-$3,600-$3,600
Insurance-$445-$445
Other Expenses-$130-$130
Total Functional Expenses$55,359$24,858$3,359$83,576
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jean y. Hibino, executive secretary and stephen hibino, treasurer are related.”

Form 990, Part VI, Section B, Line 11

“The board of directors authorized the audit committee to review and approve the form 990 prior to its filing. The form 990 was then authorized and signed by the organization's president.”

Form 990, Part VI, Section B, Line 12C

“The board of directors requires an annual declaration from all board members as to the existence and disclosure of any potential conflicts of interest. The board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Nisei Student Relocation Commemorative Fund
EIN
06-1021906
Phone
8603421731
Address
19 SCENIC DRIVE, PORTLAND, CT 06480

Signing Officer

Name
Jean Y Hibino
Title
Executive Secretary
Phone
8603421731
Signed
2015-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Y Watanabe
Formed
1980
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Maureen L Sullivan CPA
Phone
5088717178
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Tax position: the organization currently evaluates all tax positions, and makes a determination regarding the likelihood of those positions being upheld under review. The primary tax positions made by the organization are the existence of unrelated business income tax and the organizations status as a tax-exempt organization under section 501(c)(3) of the internal revenue code. For the years presented, the organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on this evaluation. All tax periods prior to 2011 are no longer subject to examination by tax authorities.”

Raw XML AppendixShowing 400 of 418 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE NISEI STUDENT RELOCATION COMMEMORATIVE FUND IS A 501(C)(3) ORGANIZATION FOUNDED IN NEW ENGLAND THAT ANNUALLY AWARDS SCHOLARSHIPS TO STUDENTS FROM UNDERSERVED COMMUNITIES PURSUING HIGHER EDUCATION. THE NSRC FUND WAS ESTABLISHED IN 1980 BY SECOND GENERATION JAPANESE AMERICANS, NISEI, IN GRATITUDE TO THE NATIONAL JAPANESE AMERICAN STUDENT RELOCATION COUNCIL. THE COUNCIL MADE IT POSSIBLE FOR THE NISEI TO LEAVE THE WORLD WAR II PRISON CAMPS FOR COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. THE NSRC FUND ENCOURAGES INTER-ETHNIC COLLABORATION AND PROMOTES PUBLIC AWARENESS AND UNDERSTANDING OF THE FORCED REMOVAL AND INTERNMENT OF 120,000 PERSONS OF JAPANESE ANCESTRY DURING WORLD WAR II.
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/SubstantialContributorsTotAmt012128
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt011740
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01196488
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt035000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0186614
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt011699
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01107273
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01056614
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt035000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3960
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0976120
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01107273
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0142303
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATIONS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt052000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AWARDED TO VIETNAMESE, CAMBODIAN, AND LAOTIAN STUDENTS.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt039
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH YEAR THE NSRC FUND BOARD OF DIRECTORS SELECTS A CITY/REGION/AREA/STATE WHERE A SIZABLE SOUTHEAST ASIAN COMMUNITY IS LOCATED. THE BOARD OF DIRECTORS RECRUITS A VOLUNTEER LOCAL SCHOLARSHIP COMMITTEE TO SELECT ELIGIBLE CANDIDATES. THERE ARE GUIDELINES IN PLACE TO DETERMINE WHO WILL RECEIVE A SCHOLARSHIP THAT INCLUDE THE SUBMISSION OF AN APPLICATION, HIGH SCHOOL TRANSCRIPT AND TWO LETTERS OF REFERENCE. IN ORDER FOR THE SCHOLARSHIP MONEY TO BE RELEASED TO THE RECIPIENT, PROOF OF ADMITTANCE TO AN ACCREDITED POST-SECONDARY INSTITUTION AND PROOF OF ENROLLMENT ARE REQUIRED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEAN Y. HIBINO, EXECUTIVE SECRETARY AND STEPHEN HIBINO, TREASURER ARE RELATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS AUTHORIZED THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/WebsiteAddressTxt0WWW.NSRCFUND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN Y HIBINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08603421731
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NISEI STUDENT RELOCATION COMMEMORATIVE FUND
ReturnHeader/Filer/BusinessNameControlTxt0NISE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,531,912
Liabilities
$0
Net assets
$1,531,912
Revenue
$180,144
Expenses
$83,576
Net income
$96,568
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$0.46$0.11$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.22$0.08$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.00$2.41$0.03$0.10$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.00$2.89$0.48$0.07$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.00$2.49$0.20$0.10$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.00$2.16$0.18$0.08$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.00$1.79$0.20$0.08$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.00$1.91$0.20$0.08$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.14$0.09$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.16$0.08$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.18$0.08$0.10
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.47$0.00$1.47$0.24$0.08$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.07