Civic Intelligence

Megumi Initiative

990EZ • Fiscal year 2019 • EIN 46-0726114

Sep 01, 2018 to Aug 31, 2019 • Filed on Mar 16, 2020

Organization Profilemegumiinitiative.org
1037 NE 65th St Pmb 181Seattle, WA 98115-6655

(626) 375-2303

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

55th percentile

5.4%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$72,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 52.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$41,048

Up $7,400 (+22%) from 2018

Net Assets

$41,048

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin55th percentile

Revenue

Down

$136,685

Down $16,352 (-11%) from 2018

Expenses

Down

$129,286

Down $10,372 (-7.4%) from 2018

Net Income

Down

$7,399

Down $5,980 (-45%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$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

2019

Assets$41,048
Liabilities-
Net Assets$41,048
Open 2019 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$136,685
Expenses$129,286
Net Income$7,399
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Mar 16, 2020
Return Version
2018v3.1
Gross Receipts
$136,685
Mission and Program Overview

Mission

TosharetheloveofJesusthroughbusiness,education,andchurchactivities

Educational programs for individuals in Japan.

Program Services

DescriptionGrantsExpenses
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$102,307
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$20,151
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen SakanashiPresidentFT$72,000-$72,000
Akiko SakanashiChurch Support StaffPT$16,920-$16,920
Jordan LemleySecretary Of Board-$0--
Joshua WangTreasurer Of Board-$0--
Daniel LowndesBoard Member-$0--
Mike MaBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Megumi Initiative
EIN
46-0726114
In Care Of
% Stephen Sakanashi
Phone
6263752303
Address
1037 NE 65TH ST PMB 181, Seattle, WA 98115-6655

Signing Officer

Name
Stephen Sakanashi
Title
President
Phone
6263752303
Signed
2020-03-16
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Advertising, $51.00| Bank Charges, $3659.00| Church Ministry, $3231.00| Programs, General, and Administrative, $30307.00|”

Raw XML Appendix152 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Daniel Lowndes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Mike Ma
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Church Support Staff
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary of Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer of Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt037248
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0102307
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt120151
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IRS990EZ/SalariesOtherCompEmplBnftAmt092038
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Advertising, $51.00| Bank Charges, $3659.00| Church Ministry, $3231.00| Programs, General, and Administrative, $30307.00|
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ReturnHeader/Filer/PhoneNum06263752303
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,048
Liabilities
-
Net assets
$41,048
Revenue
$136,685
Expenses
$129,286
Net income
$7,399
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