Civic Intelligence

Megumi Initiative

EIN 46-0726114 • 501(c)3 • Bellevue, WA

Profile

To share the love of Jesus through business education and church activities

1400 112th Ave SE Suite 100Bellevue, WA 98004

megumiinitiative.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

54th percentile

3.5%

Higher net margin than 54% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$48,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 54.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

63rd percentile

5.8%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-30%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$56,761

Up $3,097 (+5.8%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$56,761

Up $3,097 (+5.8%) from 2021

Operations
Liabilities / RevenueScore unavailableNet Margin54th percentile

Revenue

Down

$88,047

Down $37,541 (-30%) from 2021

Expenses

Up

$84,950

Up $5,234 (+6.6%) from 2021

Net Income

Down

$3,097

Down $42,775 (-93%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2014: $44,639Liabilities 2014: $02014Assets 2015: $21,537Liabilities 2015: $02015Assets 2016: $43,927Liabilities 2016: $02016Assets 2017: $20,269Net Assets 2017: $20,2692017Assets 2018: $33,648Liabilities 2018: $02018Assets 2019: $41,048Net Assets 2019: $41,0482019Assets 2020: $7,792Net Assets 2020: $7,7922020Assets 2021: $53,664Net Assets 2021: $53,6642021Assets 2022: $56,761Net Assets 2022: $56,7612022

Highlighted filing

2022

Assets$56,761
Liabilities-
Net Assets$56,761
Open 2022 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2014: $102,440Expenses 2014: $58,026Net Income 2014: $44,4142014Revenue 2015: $117,927Expenses 2015: $141,029Net Income 2015: -$23,1022015Revenue 2016: $133,693Expenses 2016: $111,303Net Income 2016: $22,3902016Revenue 2017: $142,982Expenses 2017: $166,640Net Income 2017: -$23,6582017Revenue 2018: $153,037Expenses 2018: $139,658Net Income 2018: $13,3792018Revenue 2019: $136,685Expenses 2019: $129,286Net Income 2019: $7,3992019Revenue 2020: $93,601Expenses 2020: $126,857Net Income 2020: -$33,2562020Revenue 2021: $125,588Expenses 2021: $79,716Net Income 2021: $45,8722021Revenue 2022: $88,047Expenses 2022: $84,950Net Income 2022: $3,0972022

Highlighted filing

2022

Revenue$88,047
Expenses$84,950
Net Income$3,097
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,761
Liabilities
-
Net assets
$56,761
Revenue
$88,047
Expenses
$84,950
Net income
$3,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.57$0.88$0.85$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.54$1.26$0.80$0.46
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.94$1.27$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.41$1.37$1.29$0.07
2018Summary only. Only limited summary data is available for this year.$0.34$0.00$1.53$1.40$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.20$1.43$1.67$0.24
2016Summary only. Only limited summary data is available for this year.$0.44$0.00$1.34$1.11$0.22
2015Summary only. Only limited summary data is available for this year.$0.22$0.00$1.18$1.41$0.23
2014Summary only. Only limited summary data is available for this year.$0.45$0.00$1.02$0.58$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 27, 2023
Return Version
2021v4.0
Gross Receipts
$88,047
Mission and Program Overview

Mission

To share the love of Jesus through business education and church activities

Program Services

DescriptionGrantsExpenses
Church Ministry provides consulting for Japanese churches in the form of content development and helping Japanese churches form partnerships with English speaking churches. Approximately 1,000 congregants were served.$0$72,633
Sekai Creator is an entrepreneurial leadership program for Japanese students. It served approximately 100 students through classes workshops and individual mentoring in Tokyo Japan.$0$8,000
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen SakanashiPresidentPT$48,000-$48,000
Akiko SakanashiChurch StaffPT$25,152-$25,152
Jordan LemleySecretary Of The Board-$0--
Joshua WangTreasurer Of The Board-$0--
Mike MaBoard Member-$0--
Daniel LowndesBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Megumi Initiative
EIN
46-0726114
In Care Of
% Stephen Sakanashi
Address
1400 112TH AVE SE SUITE 100, Bellevue, WA 98004

Signing Officer

Name
Stephen Sakanashi
Title
President
Signed
2023-07-27
Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Advertising, $21| Bank Fees, $2870| Programs General & Administrative, $1447| Church Support, $3776|”

Raw XML Appendix179 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Stephen Sakanashi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jordan Lemley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Joshua Wang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Mike Ma
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Akiko Sakanashi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary of the Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer of the Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Church Staff
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt08114
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To share the love of Jesus through business education and church activities
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Sekai Creator is an entrepreneurial leadership program for Japanese students. It served approximately 100 students through classes workshops and individual mentoring in Tokyo Japan.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Church Ministry provides consulting for Japanese churches in the form of content development and helping Japanese churches form partnerships with English speaking churches. Approximately 1,000 congregants were served.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt172633
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt076836
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0WA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt084950
IRS990EZ/TotalProgramServiceExpensesAmt080633
IRS990EZ/TotalRevenueAmt088047
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0megumiinitiative.org
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| Year:, Amount:, Description:| 2017, 0, | 2018, 0| 2019, 0| 2020, | 2021, |
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Advertising, $21| Bank Fees, $2870| Programs General & Administrative, $1447| Church Support, $3776|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Sakanashi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Megumi Initiative
ReturnHeader/Filer/BusinessNameControlTxt0MEGU
ReturnHeader/Filer/EIN0460726114
ReturnHeader/Filer/ForeignPhoneNum06263752303
ReturnHeader/Filer/InCareOfNm0% Stephen Sakanashi
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 112TH AVE SE SUITE 100
ReturnHeader/Filer/USAddress/CityNm0Bellevue
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098004
ReturnHeader/ReturnTs02023-07-27T03:58:08-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

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