Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Liabilities / Revenue
23rd percentile
Higher debt load relative to revenue than 23% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Assets
Down$257,483
Down $453,480 (-64%) from 2016
Net Assets
Down$221,291
Down $439,111 (-66%) from 2016
Liabilities
Down$36,192
Down $14,369 (-28%) from 2016
Revenue
Down$2,820,325
Down $291,465 (-9.4%) from 2016
Expenses
Down$3,259,436
Down $248,325 (-7.1%) from 2016
Net Income
Down-$439,111
Down $43,140 (-11%) from 2016
To educate the public about asian culture
To promote the appreciation of asian culture, primarily through its media and entertainment
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $447,940 | $219,640 | ▼ $228,300 |
| Savings and Temporary Cash Investments | $205,001 | - | - |
| Land, Buildings, and Equipment, Net | $53,007 | $32,372 | ▼ $20,635 |
| Accounts Receivable | $5,015 | $5,471 | ▲ $456 |
| Total Assets | $710,963 | $257,483 | ▼ $453,480 |
| Liabilities | |||
| Other Liabilities | $50,561 | $36,192 | ▼ $14,369 |
| Total Liabilities | $50,561 | $36,192 | ▼ $14,369 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $660,402 | $221,291 | ▼ $439,111 |
| Total Net Assets Fund Balance | $660,402 | $221,291 | ▼ $439,111 |
| Total Liabilities and Net Assets / Fund Balance | $710,963 | $257,483 | ▼ $453,480 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $32,372 | $228,629 | $261,001 |
| Other Land Buildings | - | $16,320 | $16,320 |
| Name | Title |
|---|---|
| Lee Fenner | President |
| Bill Glassbrook | Comptroller |
| Ina Wang | Correspondin |
| Andy Zerrlaut | Member at La |
| Brooke Zerrlaut | Member at La |
| Jenn Smiechowski | Member at La |
| John Nadzam | Member at La |
| Makaya Hicks | Member at La |
| Michael Morris | Member at La |
| Nick Crouch | Member at La |
| Jaunita Keeler | Recording Se |
| Matt Smiechowski | Treasurer |
| Kimberly Merani | Vice Preside |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Dsl Sound INC | Audio Visual Sv | 67 W BALTIMORE ST STE 101, PO BOX 96118, Hagerstown, MD 21740 | $537,845 |
| Hilton Baltimore | Hotel | 401 WEST PRATT STREET, Baltimore, MD 21201 | $201,713 |
| Sheraton Inner Harbor Hotel | Hotel | 300 S CHARLES STREET, Baltimore, MD 21201 | $201,255 |
| Hargrove INC | Display Service | ONE HARGROVE DRIVE, Lanham, MD 20706 | $199,692 |
| Ceasars Entertainment | Convention Spac | C/O PLANET HOLLYWOOD BUSINESS SERVI, Las Vegas, NV 89193 | $120,248 |
| Line Item | Amount |
|---|---|
| Other Expenses | $3,259,436 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Conferences and Meetings | $2,393,977 | $32,916 | - | $2,426,893 |
| Office Expenses | $145,450 | $16,156 | - | $161,606 |
| Fees for Services Legal | - | $130,329 | - | $130,329 |
| Travel | $97,717 | $13,482 | - | $111,199 |
| Advertising | - | $90,706 | - | $90,706 |
| Fees for Services Accounting | - | $45,653 | - | $45,653 |
| Occupancy | - | $44,501 | - | $44,501 |
| Information Technology | $19,169 | $9,623 | - | $28,792 |
| Depreciation Depletion | $20,635 | - | - | $20,635 |
| Other Expenses | - | $4,668 | - | $4,668 |
| Total Functional Expenses | $2,676,948 | $582,488 | $0 | $3,259,436 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Prior Board Mem | Production Mgmt | No | $38,797 |
| Liability | Amount |
|---|---|
| Japan Relief Funds | $24,669 |
| Credit Card Payable | $11,523 |
“Matt smiechowski jenn smiechowski treasurer member at la husband and wife andy zerrlaut brooke zerrlaut member at la member at la husband and wife”
“Review is conducted by the officers and the entire board prior to submission.”
“Actions are reviewed at all board meetings and discipline is enforced accordingly. Discipline is usually termination of membership and disassociation from the organization.”
“Documents available upon request.”
“Festival featuring music, food, and other activities; modeled on traditional japanese street festivals to promote cultural awareness and is open to the general public. Space usage limitations at our new location forced us to absorb this festival into our otakon event as a programming track. In conjunction with the smithsonian's freer and sackler galleries, and the japanese information and culture center, otakorp sponsors an animation marathon as part of the national cherry blossom festival in washington, d.c. We have funded, assisted with film selection, provided staff, and sponsored speakers and related activities at this event since 2004. This event is open to the general public, but members are invited to participate and volunteer, and supports both our educational mission and our publicity and outreach needs. Additionally in 2017 we participated in sakura matsuri directly as an event sponsor. This includes both providing financial support and recommending volunteers from our organization to support their event. In 2017, otakorp continued the sponsorship of its second convention called otakon vegas. This was the 4th year for the event, held in las vegas, nv. This event is modeled after our annual meeting, in that it is a 3-day event including panels, lectures, workshops, concerts, film and video presentations as well as live appearances and performances by those involved in creating, producing, and distribution of asian art and culture. Our 2017 bought in more than 2000 attendees over the three day weekend and was supported by 80 volunteer staff. It had over 100 hours of panels/workshops and 100 hours of video programming content, including that from relevant industry partners. This year, we had as guests voice actors from the us industry partners who dub japanese animation into english, japanese screenwriters and directors, and professional sumo wrestlers. As guests, they host panels and q&a sessions allowing attendees to learn more about the guests and the industry. Since 2005, otakorp has dispatched small teams to tokyo, japan to attend major festivals relevant to our cross-cultural mission. Specifically, we have participated in tokyo anime festival, tokyo music market and anime contents expo. Our participation has included exhibits, panels, and discussions regarding american perception of cultural exports. We also use the opportunity to network and maintain relationships with guests and industry, which assists in bringing relevant guests to our events.”
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/Desc | 0 | OTAKORP INC. SPONSORS, AS PART OF ITS ANNUAL MEETING, A 3-DAY EDUCATIONAL AND IMMERSIVE EVENT OF ASIAN POPULAR ARTS AND CULTURE, CALLED OTAKON. OTAKON INCLUDES LECTURES, WORKSHOPS, CONCERTS, FILM AND VIDEO PRESENTATIONS, AND LIVE APPEARANCES AND PERFORMANCES BY THOSE INVOLVED IN CREATING, PRODUCING, AND DISTRIBUTING ASIAN ART AND CULTURE. IN 2017, WE MOVED TO A NEW FACILITY AND THE FESTIVAL DREW OVER 22,000 MEMBERS FOR EACH OF THREE DAYS, INCLUDING MEMBERS OF THE JAPANESE EMBASSY, PLUS OVER 800 VOLUNTEER STAFF. THE CONVENTION IS ONE OF LARGEST EVENTS OF ITS TYPE IN THE UNITED STATES, AND HAS BEEN OUR PRIMARY EVENT SINCE THE FOUNDING OF THE CORPORATION. BEGINNING IN 2011, OTAKORP HAS SPONSORED THE OTAKON MATSURI, AN OUTDOOR FESTIVAL FEATURING MUSIC, FOOD, AND OTHER ACTIVITIES; MODELED ON TRADITIONAL JAPANESE STREET FESTIVALS TO PROMOTE CULTURAL AWARENESS AND IS OPEN TO THE GENERAL PUBLIC. SPACE USAGE LIMITATIONS AT OUR NEW LOCATION FORCED US TO ABSORB THIS FESTIVAL INTO OUR OTAKON EVENT AS A PROGRAMMING TRACK. IN CONJUNCTION WITH THE SMITHSONIAN'S FREER AND SACKLER GALLERIES, AND THE JAPANESE INFORMATION AND CULTURE CENTER, OTAKORP SPONSORS AN ANIMATION MARATHON AS PART OF THE NATIONAL CHERRY BLOSSOM FESTIVAL IN WASHINGTON, D.C. WE HAVE FUNDED, ASSISTED WITH FILM SELECTION, PROVIDED STAFF, AND SPONSORED SPEAKERS AND RELATED ACTIVITIES AT THIS EVENT SINCE 2004. THIS EVENT IS OPEN TO THE GENERAL PUBLIC, BUT MEMBERS ARE INVITED TO PARTICIPATE AND VOLUNTEER, AND SUPPORTS BOTH OUR EDUCATIONAL MISSION AND OUR PUBLICITY AND OUTREACH NEEDS. ADDITIONALLY IN 2017 WE PARTICIPATED IN SAKURA MATSURI DIRECTLY AS AN EVENT SPONSOR. THIS INCLUDES BOTH PROVIDING FINANCIAL SUPPORT AND RECOMMENDING VOLUNTEERS FROM OUR ORGANIZATION TO SUPPORT THEIR EVENT. IN 2017, OTAKORP CONTINUED THE SPONSORSHIP OF ITS SECOND CONVENTION CALLED OTAKON VEGAS. THIS WAS THE 4TH YEAR FOR THE EVENT, HELD IN LAS VEGAS, NV. THIS EVENT IS MODELED AFTER OUR ANNUAL MEETING, IN THAT IT IS A 3-DAY EVENT INCLUDING PANELS, LECTURES, WORKSHOPS, CONCERTS, FILM AND VIDEO PRESENTATIONS AS WELL AS LIVE APPEARANCES AND PERFORMANCES BY THOSE INVOLVED IN CREATING, PRODUCING, AND DISTRIBUTION OF ASIAN ART AND CULTURE. OUR 2017 BOUGHT IN MORE THAN 2000 ATTENDEES OVER THE THREE DAY WEEKEND AND WAS SUPPORTED BY 80 VOLUNTEER STAFF. IT HAD OVER 100 HOURS OF PANELS/WORKSHOPS AND 100 HOURS OF VIDEO PROGRAMMING CONTENT, INCLUDING THAT FROM RELEVANT INDUSTRY PARTNERS. THIS YEAR, WE HAD AS GUESTS VOICE ACTORS FROM THE US INDUSTRY PARTNERS WHO DUB JAPANESE ANIMATION INTO ENGLISH, JAPANESE SCREENWRITERS AND DIRECTORS, AND PROFESSIONAL SUMO WRESTLERS. AS GUESTS, THEY HOST PANELS AND Q&A SESSIONS ALLOWING ATTENDEES TO LEARN MORE ABOUT THE GUESTS AND THE INDUSTRY. SINCE 2005, OTAKORP HAS DISPATCHED SMALL TEAMS TO TOKYO, JAPAN TO ATTEND MAJOR FESTIVALS RELEVANT TO OUR CROSS-CULTURAL MISSION. SPECIFICALLY, WE HAVE PARTICIPATED IN TOKYO ANIME FESTIVAL, TOKYO MUSIC MARKET AND ANIME CONTENTS EXPO. OUR PARTICIPATION HAS INCLUDED EXHIBITS, PANELS, AND DISCUSSIONS REGARDING AMERICAN PERCEPTION OF CULTURAL EXPORTS. WE ALSO USE THE OPPORTUNITY TO NETWORK AND MAINTAIN RELATIONSHIPS WITH GUESTS AND INDUSTRY, WHICH ASSISTS IN BRINGING RELEVANT GUESTS TO OUR EVENTS. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | MEMBER AT LA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | MEMBER AT LA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | MEMBER AT LA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | COMPTROLLER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | MEMBER AT LA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | MEMBER AT LA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TREASURER |
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| IRS990/MissionDesc | 0 | TO PROMOTE THE APPRECIATION OF ASIAN CULTURE, PRIMARILY THROUGH ITS MEDIA AND ENTERTAINMENT |
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| IRS990/OtherExpensesGrp/Desc | 1 | STORAGE RENTAL |
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| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
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| IRS990/ProgramServiceRevenueGrp/Desc | 1 | DEALERS ROOM SPACE |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MUSIC PROCEEDS |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | ARTIST ALLEY |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | VEGAS EVENT |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | JAPAN RELIEF FUNDS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | CREDIT CARD PAYABLE |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FESTIVAL FEATURING MUSIC, FOOD, AND OTHER ACTIVITIES; MODELED ON TRADITIONAL JAPANESE STREET FESTIVALS TO PROMOTE CULTURAL AWARENESS AND IS OPEN TO THE GENERAL PUBLIC. SPACE USAGE LIMITATIONS AT OUR NEW LOCATION FORCED US TO ABSORB THIS FESTIVAL INTO OUR OTAKON EVENT AS A PROGRAMMING TRACK. IN CONJUNCTION WITH THE SMITHSONIAN'S FREER AND SACKLER GALLERIES, AND THE JAPANESE INFORMATION AND CULTURE CENTER, OTAKORP SPONSORS AN ANIMATION MARATHON AS PART OF THE NATIONAL CHERRY BLOSSOM FESTIVAL IN WASHINGTON, D.C. WE HAVE FUNDED, ASSISTED WITH FILM SELECTION, PROVIDED STAFF, AND SPONSORED SPEAKERS AND RELATED ACTIVITIES AT THIS EVENT SINCE 2004. THIS EVENT IS OPEN TO THE GENERAL PUBLIC, BUT MEMBERS ARE INVITED TO PARTICIPATE AND VOLUNTEER, AND SUPPORTS BOTH OUR EDUCATIONAL MISSION AND OUR PUBLICITY AND OUTREACH NEEDS. ADDITIONALLY IN 2017 WE PARTICIPATED IN SAKURA MATSURI DIRECTLY AS AN EVENT SPONSOR. THIS INCLUDES BOTH PROVIDING FINANCIAL SUPPORT AND RECOMMENDING VOLUNTEERS FROM OUR ORGANIZATION TO SUPPORT THEIR EVENT. IN 2017, OTAKORP CONTINUED THE SPONSORSHIP OF ITS SECOND CONVENTION CALLED OTAKON VEGAS. THIS WAS THE 4TH YEAR FOR THE EVENT, HELD IN LAS VEGAS, NV. THIS EVENT IS MODELED AFTER OUR ANNUAL MEETING, IN THAT IT IS A 3-DAY EVENT INCLUDING PANELS, LECTURES, WORKSHOPS, CONCERTS, FILM AND VIDEO PRESENTATIONS AS WELL AS LIVE APPEARANCES AND PERFORMANCES BY THOSE INVOLVED IN CREATING, PRODUCING, AND DISTRIBUTION OF ASIAN ART AND CULTURE. OUR 2017 BOUGHT IN MORE THAN 2000 ATTENDEES OVER THE THREE DAY WEEKEND AND WAS SUPPORTED BY 80 VOLUNTEER STAFF. IT HAD OVER 100 HOURS OF PANELS/WORKSHOPS AND 100 HOURS OF VIDEO PROGRAMMING CONTENT, INCLUDING THAT FROM RELEVANT INDUSTRY PARTNERS. THIS YEAR, WE HAD AS GUESTS VOICE ACTORS FROM THE US INDUSTRY PARTNERS WHO DUB JAPANESE ANIMATION INTO ENGLISH, JAPANESE SCREENWRITERS AND DIRECTORS, AND PROFESSIONAL SUMO WRESTLERS. AS GUESTS, THEY HOST PANELS AND Q&A SESSIONS ALLOWING ATTENDEES TO LEARN MORE ABOUT THE GUESTS AND THE INDUSTRY. SINCE 2005, OTAKORP HAS DISPATCHED SMALL TEAMS TO TOKYO, JAPAN TO ATTEND MAJOR FESTIVALS RELEVANT TO OUR CROSS-CULTURAL MISSION. SPECIFICALLY, WE HAVE PARTICIPATED IN TOKYO ANIME FESTIVAL, TOKYO MUSIC MARKET AND ANIME CONTENTS EXPO. OUR PARTICIPATION HAS INCLUDED EXHIBITS, PANELS, AND DISCUSSIONS REGARDING AMERICAN PERCEPTION OF CULTURAL EXPORTS. WE ALSO USE THE OPPORTUNITY TO NETWORK AND MAINTAIN RELATIONSHIPS WITH GUESTS AND INDUSTRY, WHICH ASSISTS IN BRINGING RELEVANT GUESTS TO OUR EVENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MATT SMIECHOWSKI JENN SMIECHOWSKI TREASURER MEMBER AT LA HUSBAND AND WIFE ANDY ZERRLAUT BROOKE ZERRLAUT MEMBER AT LA MEMBER AT LA HUSBAND AND WIFE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | REVIEW IS CONDUCTED BY THE OFFICERS AND THE ENTIRE BOARD PRIOR TO SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACTIONS ARE REVIEWED AT ALL BOARD MEETINGS AND DISCIPLINE IS ENFORCED ACCORDINGLY. DISCIPLINE IS USUALLY TERMINATION OF MEMBERSHIP AND DISASSOCIATION FROM THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DOCUMENTS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 710963 |
| IRS990/TotalAssetsEOYAmt | 0 | 257483 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 710963 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 257483 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.