Civic Intelligence

Ree & Jun Kaneko Foundation

990 • Fiscal year 2022 • EIN 45-2369312

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

1120 Jones StreetOmaha, NE 68102

(402) 341-4523

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

47th percentile

0.19x

Higher debt load relative to revenue than 47% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Up

$14,414,560

Up $14,414,560 from 2021

Net Assets

Up

$14,334,060

Up $14,334,060 from 2021

Liabilities

Up

$80,500

Up $80,500 from 2021

Revenue

Up

$424,275

Up $424,275 from 2021

Expenses

Up

$320,421

Up $320,421 from 2021

Net Income

Up

$103,854

Up $103,854 from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $964Liabilities 2011: $0Net Assets 2011: $9642011Assets 2012: $486Liabilities 2012: $0Net Assets 2012: $4862012Assets 2013: $715,765Liabilities 2013: $0Net Assets 2013: $715,7652013Assets 2014: $1,051,868Liabilities 2014: $0Net Assets 2014: $1,051,8682014Assets 2015: $1,312,521Liabilities 2015: $0Net Assets 2015: $1,312,5212015Assets 2016: $1,352,546Liabilities 2016: $0Net Assets 2016: $1,352,5462016Assets 2017: $1,390,268Liabilities 2017: $0Net Assets 2017: $1,390,2682017Assets 2018: $1,296,582Liabilities 2018: $0Net Assets 2018: $1,296,5822018Assets 2019: $15,402,485Liabilities 2019: $0Net Assets 2019: $15,402,4852019Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $14,414,560Liabilities 2022: $80,500Net Assets 2022: $14,334,0602022Assets 2023: $14,202,364Liabilities 2023: $87,225Net Assets 2023: $14,115,1392023Assets 2024: $13,660,127Liabilities 2024: $87,225Net Assets 2024: $13,572,9022024

Highlighted filing

2022

Assets$14,414,560
Liabilities$80,500
Net Assets$14,334,060

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $1,000Expenses 2011: $36Net Income 2011: $9642011Revenue 2012: $16,002Expenses 2012: $16,480Net Income 2012: -$4782012Revenue 2013: $735,030Expenses 2013: $19,751Net Income 2013: $715,2792013Revenue 2014: $345,770Expenses 2014: $9,667Net Income 2014: $336,1032014Revenue 2015: $60,000Expenses 2015: $8,347Net Income 2015: $51,6532015Revenue 2016: $52,500Expenses 2016: $12,475Net Income 2016: $40,0252016Revenue 2017: $62,528Expenses 2017: $24,807Net Income 2017: $37,7212017Revenue 2018: $73,089Expenses 2018: $96,319Net Income 2018: -$23,2302018Revenue 2019: $1,321,332Expenses 2019: $515,568Net Income 2019: $805,7642019Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $424,275Expenses 2022: $320,421Net Income 2022: $103,8542022Revenue 2023: $166,947Expenses 2023: $367,059Net Income 2023: -$200,1122023Revenue 2024: $94,829Expenses 2024: $637,067Net Income 2024: -$542,2382024

Highlighted filing

2022

Revenue$424,275
Expenses$320,421
Net Income$103,854
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$424,275
Mission and Program Overview

Mission

NONE

Incorporated on july 26, 2010 as a support organization for kaneko, a nebraska non-profit corporation and public charity under section 501(c)3, 501(a)9 and 170(b)(1)(a)(vi) of the code

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,250,035$12,965,204▼ $284,831
Savings and Temporary Cash Investments$841,872$1,253,915▲ $412,043
Inventories for Sale or Use$27,500$127,500▲ $100,000
Cash and Non-Interest-Bearing Accounts$110,799$67,941▼ $42,858
Total Assets$14,230,206$14,414,560▲ $184,354
Liabilities
Other Liabilities$0$80,500▲ $80,500
Total Liabilities$0$80,500▲ $80,500
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,230,206$14,334,060▲ $103,854
Total Net Assets Fund Balance$14,230,206$14,334,060▲ $103,854
Total Liabilities and Net Assets / Fund Balance$14,230,206$14,414,560▲ $184,354

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,064,044$1,186,796$11,250,840
Land$2,901,160-$2,901,160

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$582,567---$582,567
2019-$550,000▲ $32,567-$582,567
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jun KanekoPresident/treasurer
Alice CorningDirector
Bruce CarpenterDirector
Mark MackDirector
Robert DrickeyDirector
Steve MenzieDirector
Steve SelineDirector
Susan SchonlauDirector
Troia Cynthia SchonlauDirector
Zach RawlingDirector
Rosary Ree KanekoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$393,440
Program Service Revenue
$12,135
Investment Income
$18,700
Other Revenue
$0
All Other Contributions
$393,440
Change in Net Assets
$103,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$284,831--$284,831
Insurance$31,307--$31,307
Fees for Services Other-$2,237-$2,237
Office Expenses$831--$831
Conferences and Meetings$650--$650
Fees for Services Accounting$505--$505
Advertising$60--$60
Total Functional Expenses$318,184$2,237$0$320,421
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Art Sale Deposit$80,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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

Jun kaneko & ree kaneko are board members and are legally married.

Form 990, Part VI, Section A, Line 8B

There are no active committees

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to all members of the board. The form 990 is reviewed by the organizational accountant before filing.

Form 990, Part VI, Section C, Line 19

Copies of governing documents are mantained at organizational offices. These document are made available upon request.

Filing and Contact Details

Filer

Filer Name
Ree & Jun Kaneko Foundation
EIN
45-2369312
Phone
4023414523
Address
1120 JONES STREET, OMAHA, NE 68102

Signing Officer

Name
Jun Kaneko
Title
President
Phone
4023414523
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jun Kaneko
Formed
2010
Legal Domicile
Ne
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Hayes & Associates LLC
Address
10730 PACIFIC STREET, OMAHA, NE 68114
Preparer
Frank Hayes
Phone
4023902480
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

The foundation has as its sole purpose the support of kaneko, a 501(c)3 organization. The artwork will be used for exhibit, but not for sale. Exhibits of the artwork will be held at various venues.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE REE & JUN KANEKO FOUNDATION OWNS REAL ESTATE. THE ACTIVITIES OF KANEKO ARE CONDUCTED IN THE BUILDING LOCATED ON THIS REAL ESTATE. THE FOUNDATION CHARGES RENT OF $1 PER YEAR FOR THE USE OF THIS REAL ESTATE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1WITHOUT THE SUPPORT OF THE REE & JUN KANEKO FOUNDATION, KANEKO WOULD HAVE HAD TO IDENTIFY PROPERTY IN WHICH TO CONDUCT ITS ACTIVITIES. CONSEQUENTLY THERE WOULD BE A FINANCIAL COST TO KANEKO, THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PAGE 5, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PAGE 5, SECTION E, LINE 2B
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt0141520
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0364261067
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt0141520
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KANEKO
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt010064044
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01186796
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011250840
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0582567
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0582567
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0550000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0582567
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt032567
IRS990ScheduleD/LandGrp/BookValueAmt02901160
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02901160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ART SALE DEPOSIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS AS ITS SOLE PURPOSE THE SUPPORT OF KANEKO, A 501(C)3 ORGANIZATION. THE ARTWORK WILL BE USED FOR EXHIBIT, BUT NOT FOR SALE. EXHIBITS OF THE ARTWORK WILL BE HELD AT VARIOUS VENUES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012965204
IRS990ScheduleD/TotalLiabilityAmt080500
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JUN KANEKO & REE KANEKO ARE BOARD MEMBERS AND ARE LEGALLY MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO ACTIVE COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD. THE FORM 990 IS REVIEWED BY THE ORGANIZATIONAL ACCOUNTANT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF GOVERNING DOCUMENTS ARE MANTAINED AT ORGANIZATIONAL OFFICES. THESE DOCUMENT ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014230206
IRS990/TotalAssetsEOYAmt014414560
IRS990/TotalAssetsGrp/BOYAmt014230206
IRS990/TotalAssetsGrp/EOYAmt014414560
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0393440
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02237
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0318184
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320421
IRS990/TotalGrossUBIAmt018700
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt080500
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt080500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014230206
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014334060
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0318184
IRS990/TotalProgramServiceRevenueAmt012135
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012135
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0424275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt018700
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014230206
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014414560
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01120 JONES STREET
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068102
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUN KANEKO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04023414523
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REE & JUN KANEKO FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ATTN SUSAN SCHONLAU
ReturnHeader/Filer/BusinessNameControlTxt0REE&
ReturnHeader/Filer/EIN0452369312
ReturnHeader/Filer/PhoneNum04023414523
ReturnHeader/Filer/USAddress/AddressLine1Txt01120 JONES STREET
ReturnHeader/Filer/USAddress/CityNm0OMAHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068102
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470716239
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAYES & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010730 PACIFIC STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068114
ReturnHeader/PreparerPersonGrp/PhoneNum04023902480
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK HAYES
ReturnHeader/ReturnTs02023-11-15T15:31:51-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$0.09$13.6$0.09$0.64$0.54
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$0.09$14.1$0.17$0.37$0.20
2022Detailed filing. Detailed filing data is available for this year.$14.4$0.08$14.3$0.42$0.32$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$15.4$0.00$15.4$1.32$0.52$0.81
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.00$1.30$0.07$0.10$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.06$0.02$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$0.05$0.01$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.06$0.01$0.05
2014Summary only. Only limited summary data is available for this year.$1.05$0.00$1.05$0.35$0.01$0.34
2013Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.74$0.02$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.02$0.02$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $10M-$25M nonprofits