Civic Intelligence

Smbk Foundation

990 • Fiscal year 2019 • EIN 47-3539204

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 11, 2020

600 N Golden Circle DrSanta Ana, CA 92705

(210) 876-6489

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

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

Liabilities / Revenue

57th percentile

0.00x

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

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

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

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

Asset Growth

51st percentile

2.8%

Faster asset growth than 51% of similar nonprofits.

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

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

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

Assets

Up

$480,244

Up $12,925 (+2.8%) from 2018

Net Assets

Up

$480,244

Up $12,925 (+2.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$29,754

Up $9,746 (+49%) from 2018

Expenses

Up

$17,070

Up $13,440 (+370%) from 2018

Net Income

Down

$12,684

Down $3,694 (-23%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $467,319Liabilities 2018: $0Net Assets 2018: $467,3192018Assets 2019: $480,244Liabilities 2019: $0Net Assets 2019: $480,2442019Assets 2020: $455,504Liabilities 2020: $0Net Assets 2020: $455,5042020Assets 2021: $469,214Net Assets 2021: $469,2142021Assets 2022: $477,877Net Assets 2022: $477,8772022Assets 2023: $472,849Net Assets 2023: $472,8492023Assets 2024: $607,425Liabilities 2024: $0Net Assets 2024: $607,4252024

Highlighted filing

2019

Assets$480,244
Liabilities$0
Net Assets$480,244

Operations Trend

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

$40K$20K$0-$20K-$40KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $20,008Expenses 2018: $3,630Net Income 2018: $16,3782018Revenue 2019: $29,754Expenses 2019: $17,070Net Income 2019: $12,6842019Revenue 2020: $7,388Expenses 2020: $32,128Net Income 2020: -$24,7402020Revenue 2021: $21,562Expenses 2021: $7,852Net Income 2021: $13,7102021Revenue 2022: $16,015Expenses 2022: $7,352Net Income 2022: $8,6632022Revenue 2023: $7,280Expenses 2023: $12,308Net Income 2023: -$5,0282023Revenue 2024: $25,452Expenses 2024: $27,708Net Income 2024: -$2,2562024

Highlighted filing

2019

Revenue$29,754
Expenses$17,070
Net Income$12,684
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 11, 2020
Return Version
2019v5.0
Gross Receipts
$29,754
Mission and Program Overview

Mission

This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for public and charitable purposes. This corporation is organized and operated exclusively for charitable purposes within the meaning of 501 (c) (3). This corporation 509(a) (3) of the internal revenue code of 1986 and the regulations thereunder, as they now exist or as they may hereafter be amended (hereafter collectively referred to as the internal revenue code), for following specific purposes; (a) to support, benefit and assist the sekai mahikari bunmei kyodan u.s.a. (which is publicly supported religious organization, as defined in internal revenue code 509(a)), or programs which support or benefit the sekai mahikari bunmei kyodan - u.s.a. (b) to receive from any person, firm, foundation, corporation, or governmental agency, property which will constitute the endowment funds of the corporation or whic

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,197$57,698▲ $17,501
Total Assets$467,319$480,244▲ $12,925
Other Assets Total$427,122$422,546▼ $4,576
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$467,319$480,244▲ $12,925
Total Net Assets Fund Balance$467,319$480,244▲ $12,925
Total Liabilities and Net Assets / Fund Balance$467,319$480,244▲ $12,925

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$422,546--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Hideo YamadaPresident
Katsuhiro SekiguchiDirector
Katsutoshi SekiguchiDirector
Rei FukujuDirector
Kenji FurueSecretary
Keita NishimuraTreasurer
Kiyomitsu MagariTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$29,754
Other Revenue
$0
Change in Net Assets
$12,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,070
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
Payments to Affiliates$16,000--$16,000
Office Expenses$50$1,000-$1,050
Other Expenses$20--$20
Total Functional Expenses$16,070$1,000$0$17,070
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
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Smbk Foundation
EIN
47-3539204
Address
600 N GOLDEN CIRCLE DR, SANTA ANA, CA 92705

Signing Officer

Name
Kenji Furue
Title
Secretary
Phone
9495528660
Signed
2020-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hideo Yamada
Voting Board Members
3
Independent Board Members
4
Employees
0

Preparer

Firm
Muso & Co Inc
Address
20119 BELLA GLADE, SAN ANTONIO, TX 78256-2116
Preparer
Shunji Muso
Phone
3235269700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for public and charitable purposes. This corporation is organized and operated exclusively for charitable purposes within the meaning of 501 (c) (3). This corporation 509(a) (3) of the internal revenue code of 1986 and the regulations thereunder, as they now exist or as they may hereafter be amended (hereafter collectively referred to as the internal revenue code), for following specific purposes; (a) to support, benefit and assist the sekai mahikari bunmei kyodan u.s.a. (which is publicly supported religious organization, as defined in internal revenue code 509(a)), or programs which support or benefit the sekai mahikari bunmei kyodan - u.s.a. (b) to receive from any person, firm, foundation, corporation, or governmental agency, property which will constitute the endowment funds of the corporation or which by gift, bequest, or otherwise is dedicated to the corporation; to own, hold, manage, invest and reinvest all such property received by it; to use and apply the net income and principle of all such property in such manner and in such time as the corporation may deem best for the use or benefit of sekai mahikari bunmei kyodan - u.s.a. Additionally, the corporation shall be operated, supervised, or controlled by sekai mahikari

Form 990, Part XI, Line 9

ADDITONAL ENDOWMENT 241

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES. THIS CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF 501 (C) (3). THIS CORPORATION 509(A) (3) OF THE INTERNAL REVENUE CODE OF 1986 AND THE REGULATIONS THEREUNDER, AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED (HEREAFTER COLLECTIVELY REFERRED TO AS THE INTERNAL REVENUE CODE), FOR FOLLOWING SPECIFIC PURPOSES; (A) TO SUPPORT, BENEFIT AND ASSIST THE SEKAI MAHIKARI BUNMEI KYODAN U.S.A. (WHICH IS PUBLICLY SUPPORTED RELIGIOUS ORGANIZATION, AS DEFINED IN INTERNAL REVENUE CODE 509(A)), OR PROGRAMS WHICH SUPPORT OR BENEFIT THE SEKAI MAHIKARI BUNMEI KYODAN - U.S.A. (B) TO RECEIVE FROM ANY PERSON, FIRM, FOUNDATION, CORPORATION, OR GOVERNMENTAL AGENCY, PROPERTY WHICH WILL CONSTITUTE THE ENDOWMENT FUNDS OF THE CORPORATION OR WHICH BY GIFT, BEQUEST, OR OTHERWISE IS DEDICATED TO THE CORPORATION; TO OWN, HOLD, MANAGE, INVEST AND REINVEST ALL SUCH PROPERTY RECEIVED BY IT; TO USE AND APPLY THE NET INCOME AND PRINCIPLE OF ALL SUCH PROPERTY IN SUCH MANNER AND IN SUCH TIME AS THE CORPORATION MAY DEEM BEST FOR THE USE OR BENEFIT OF SEKAI MAHIKARI BUNMEI KYODAN - U.S.A. ADDITIONALLY, THE CORPORATION SHALL BE OPERATED, SUPERVISED, OR CONTROLLED BY SEKAI MAHIKARI
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADDITONAL ENDOWMENT 241
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KENJI FURUE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09495528660
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMBK FOUNDATION
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ReturnHeader/FilingSecurityInformation/IPTm017:07:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954323692
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020119 BELLA GLADE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
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ReturnHeader/PreparerPersonGrp/PhoneNum03235269700
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHUNJI MUSO
ReturnHeader/ReturnTs02020-06-11T17:07:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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