Civic Intelligence

The Morikami Inc

990 • Fiscal year 2020 • EIN 59-1767023

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 02, 2021

Organization Profilewww.morikami.org

View Organization Page

4000 Morikami Park RoadDelray Beach, FL 33446

(561) 495-0233

Siviq Scores

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

Liabilities / Assets

34th percentile

0.06x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.18x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

21st percentile

-9.3%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$82,144

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

29th percentile

-0.1%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-14%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$8,248,559

Down $6,191 (-0.1%) from 2019

Net Assets

Up

$7,735,119

Up $96,871 (+1.3%) from 2019

Liabilities

Down

$513,440

Down $103,062 (-17%) from 2019

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin21st percentile

Revenue

Down

$2,789,845

Down $443,948 (-14%) from 2019

Expenses

Down

$3,049,761

Down $399,452 (-12%) from 2019

Net Income

Down

-$259,916

Down $44,496 (-21%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0Assets 2011: $5,954,251Liabilities 2011: $469,069Net Assets 2011: $5,485,1822011Assets 2012: $6,309,739Liabilities 2012: $481,489Net Assets 2012: $5,828,2502012Assets 2013: $6,422,711Liabilities 2013: $377,252Net Assets 2013: $6,045,4592013Assets 2014: $6,756,747Liabilities 2014: $501,693Net Assets 2014: $6,255,0542014Assets 2015: $6,443,138Liabilities 2015: $554,171Net Assets 2015: $5,888,9672015Assets 2016: $7,313,378Liabilities 2016: $657,767Net Assets 2016: $6,655,6112016Assets 2017: $7,752,247Liabilities 2017: $652,104Net Assets 2017: $7,100,1432017Assets 2018: $8,049,574Liabilities 2018: $646,382Net Assets 2018: $7,403,1922018Assets 2019: $8,254,750Liabilities 2019: $616,502Net Assets 2019: $7,638,2482019Assets 2020: $8,248,559Liabilities 2020: $513,440Net Assets 2020: $7,735,1192020Assets 2021: $9,316,867Liabilities 2021: $574,489Net Assets 2021: $8,742,3782021Assets 2022: $8,394,072Liabilities 2022: $610,596Net Assets 2022: $7,783,4762022Assets 2023: $8,976,474Liabilities 2023: $624,082Net Assets 2023: $8,352,3922023Assets 2024: $9,737,003Liabilities 2024: $586,212Net Assets 2024: $9,150,7912024

Highlighted filing

2020

Assets$8,248,559
Liabilities$513,440
Net Assets$7,735,119
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,213,8702011Expenses 2012: $2,373,3302012Revenue 2013: $1,612,952Expenses 2013: $2,290,577Net Income 2013: -$677,6252013Revenue 2014: $2,353,294Expenses 2014: $2,577,450Net Income 2014: -$224,1562014Revenue 2015: $2,490,817Expenses 2015: $2,720,123Net Income 2015: -$229,3062015Revenue 2016: $3,297,504Expenses 2016: $3,120,539Net Income 2016: $176,9652016Revenue 2017: $2,625,076Expenses 2017: $3,143,830Net Income 2017: -$518,7542017Revenue 2018: $3,253,369Expenses 2018: $3,351,049Net Income 2018: -$97,6802018Revenue 2019: $3,233,793Expenses 2019: $3,449,213Net Income 2019: -$215,4202019Revenue 2020: $2,789,845Expenses 2020: $3,049,761Net Income 2020: -$259,9162020Revenue 2021: $989,841Expenses 2021: $2,435,659Net Income 2021: -$1,445,8182021Revenue 2022: $2,109,171Expenses 2022: $2,774,435Net Income 2022: -$665,2642022Revenue 2023: $2,313,599Expenses 2023: $2,872,941Net Income 2023: -$559,3422023Revenue 2024: $1,683,694Expenses 2024: $2,953,453Net Income 2024: -$1,269,7592024

Highlighted filing

2020

Revenue$2,789,845
Expenses$3,049,761
Net Income-$259,916
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 2, 2021
Return Version
2019v5.1
Gross Receipts
$3,113,110
Mission and Program Overview

Mission

To support and enhance the operation of the Morikami Museum whose purpose is to preserve and provide education regarding japanese customs and culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,502,973$6,555,153▲ $52,180
Land, Buildings, and Equipment, Net$700,155$686,050▼ $14,105
Cash and Non-Interest-Bearing Accounts$611,267$574,543▼ $36,724
Prepaid Expenses and Deferred Charges$161,388$148,722▼ $12,666
Savings and Temporary Cash Investments$114,852$130,060▲ $15,208
Inventories for Sale or Use$101,545$89,485▼ $12,060
Total Assets$8,254,750$8,248,559▼ $6,191
Other Assets Total$62,570$64,546▲ $1,976
Liabilities
Deferred Revenue$255,249$209,582▼ $45,667
Accounts Payable and Accrued Expenses$217,403$177,008▼ $40,395
Other Liabilities$143,850$126,850▼ $17,000
Total Liabilities$616,502$513,440▼ $103,062
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,066,487$4,021,082▼ $45,405
Net Assets Without Donor Restrictions$3,571,761$3,714,037▲ $142,276
Total Net Assets Fund Balance$7,638,248$7,735,119▲ $96,871
Total Liabilities and Net Assets / Fund Balance$8,254,750$8,248,559▼ $6,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$686,050$489,434$1,175,484
Other Assets Org$56,507--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$6,502,974-▲ $378,858$326,679$6,555,153
2019$6,585,962-▲ $248,794$331,782$6,502,974
2018$6,491,575-▲ $466,117$371,730$6,585,962
2017$6,055,067-▲ $561,757$125,248$6,491,576
2016$5,571,358$264,214▲ $409,495$190,000$6,055,067
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donald BlackmanControllerFT$82,144$82,144
Sharyn SamuelsMembership and Development MaFT$76,955$76,955
Kizzy SanchezFesival and Event ManagerFT$70,580$70,580
Susan KellerMuseum Store ManagerFT$60,684$60,684

Board Members and Trustees

NameTitle
Celia T ZahringerPresident
Bonnie W LemayDirector
Rosie BurkmanSecretary
Randal BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,098,544
Program Service Revenue
$78,055
Investment Income
$22,072
Other Revenue
$591,174
All Other Contributions
$1,573,899
Change in Net Assets
$-259,916

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,789,845
Revenue Not Reported on Form 990
$680,052
Total Revenue per Audited Statements
$3,469,897
Total Revenue per Form 990
$2,789,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,641,010
Other Expenses$1,408,751
Total Fundraising Expense$346,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$942,282$217,606$109,138$1,269,026
All Other Expenses$197,140$28,764$52,925$278,829
Other Employee Benefits$155,411$48,925$20,177$224,513
Advertising$23,261-$77,890$101,151
Payroll Taxes$68,894$16,544$13,926$99,364
Depreciation Depletion-$62,246-$62,246
Other Expenses$54,113$12,981$25,885$54,113
Pension Plan Contributions$35,214$8,549$4,344$48,107
Insurance$21,387$5,745$15,167$42,299
Fees for Services Other$29,088$9,043$1,289$39,420
Information Technology$3,545-$24,646$28,191
Travel$8,035$187$1,034$9,256
Total Functional Expenses$2,234,751$468,589$346,421$3,049,761

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,373,026
Expenses per Audited Statements$3,049,761
Total Expenses per Form 990$3,049,761
Expenses Not Reported on Form 990$323,265
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
Facilty Rental and Advance Deposit$126,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The form 990 is reviewed by the controller as well as the president and treasurer before it is filed with the IRS. The review involves discussing specific items with the auditors and may involve revisions by the auditors.”

Conflict of interest policy compliance Part VI line 12C

“The board of directors are covered under The Morikami, Incs conflict of interest policy. Anyone covered by the policy signs a disclosure which certifies that the individual does not have an interest or affiliation that could give rise to a conflict. If the individual does have a conflict, it is disclosed on the annual statement.”

CEO executive director top management comp Part VI line 15A

“The Morikami, Inc board or a designated committee reviews any proposed compensation increases for officers, management and staff.”

Other officer or key employee compensation Part VI line 15B

“The Morikami, Inc board or a designated committee reviews any proposed compensation increases for officers, management and staff.”

Governing documents etc available to public Part VI line 19

“All Governing documents, financial statements and tax filings are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Morikami Inc
EIN
59-1767023
Address
4000 Morikami Park Road, Delray Beach, FL 33446

Signing Officer

Name
Don Blackman
Title
Controller
Phone
5614950233
Signed
2021-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Celia T Zahringer
Formed
1977
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
48
Volunteers
242

Preparer

Firm
Parks & Company LLC
Address
6810 Lyons Technology Pkwy Ste 130, Coconut Creek, FL 33073
Preparer
Christian Parks CPA
Phone
9547197569
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Unrealized gain on investments”

Financial Statement Notes

Not reporting collections (Part III, line 1A)

“In conformity with the practice followed by many museums, donated artifacts, which the museum displays at various locations throughout Palm Beach County, are not included in the museums statement of financial position. The cost of artifacts purchased is reported as curatorial and conservation expense while the proceeds from sales of artifacts are reported as curatorial and conservation revenue.”

Collections descriptions (Part III, line 4)

“The collections include japanese exhibits, presentations and gardens which serve as a bridge of appreciation and understanding between Japan and all other cultures represented by visitors and outreach participants of all ages.”

Endowment funds intended uses (Part V, line 4)

“The endowment fund provides funding for the Morikami museum programs and services.”

Other revenues not included on Form 990 (Part XI, line 2D)

“Museum store - Cost of goods sold”

Other expenses not included on Form 990 (Part XII, line 2D)

“Museum store - Cost of goods sold”

Footnote for uncertain tax position under FIN 48 (Part X)

“The Museum adopted FASB Accounting Standards Codification (ASC) 740-10 during 2009 which clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Museums income tax returns. The Museums income tax filings subject to audit by various taxing authorities are the 2016 - 2018 tax years. The adoption of ASC 740-10 had no impact on the Museums financial statements.”

Raw XML AppendixShowing 400 of 494 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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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0432178
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IRS990/NondeductibleContributionsInd0false
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt020177
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt048925
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0155411
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0224513
IRS990/OtherExpensesGrp/Desc0Professional Fees
IRS990/OtherExpensesGrp/Desc1Garden Maintenence
IRS990/OtherExpensesGrp/Desc2Rental Expenses
IRS990/OtherExpensesGrp/Desc3Artistic Fees
IRS990/OtherExpensesGrp/FundraisingAmt025885
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt057999
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112981
IRS990/OtherExpensesGrp/ProgramServicesAmt0430340
IRS990/OtherExpensesGrp/ProgramServicesAmt1177186
IRS990/OtherExpensesGrp/ProgramServicesAmt288855
IRS990/OtherExpensesGrp/ProgramServicesAmt354113
IRS990/OtherExpensesGrp/TotalAmt0514224
IRS990/OtherExpensesGrp/TotalAmt1177186
IRS990/OtherExpensesGrp/TotalAmt2101836
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0109138
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0217606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0942282
IRS990/OtherSalariesAndWagesGrp/TotalAmt01269026
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt013926
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016544
IRS990/PayrollTaxesGrp/ProgramServicesAmt068894
IRS990/PayrollTaxesGrp/TotalAmt099364
IRS990/PensionPlanContributionsGrp/FundraisingAmt04344
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08549
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035214
IRS990/PensionPlanContributionsGrp/TotalAmt048107
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0161388
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0148722
IRS990/PrincipalOfficerNm0Celia T Zahringer
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Education Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt078055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt078055
IRS990/ProgSrvcAccomActy2Grp/Desc0Improvements to county-owned museum: Through an agreement with Palm Beach County, The Morikami, Inc. assists financially and operationally with the maintenence, upkeep, and improvements to the 32,000 sq ft museum facility.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0650352
IRS990/ProgSrvcAccomActy3Grp/Desc0Sales of japanese household items to educate the public in furtherance of the museums exempt purpose.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0462395
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02426516
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-201683
IRS990/PYOtherExpensesAmt01795709
IRS990/PYOtherRevenueAmt0886729
IRS990/PYProgramServiceRevenueAmt0122231
IRS990/PYRevenuesLessExpensesAmt0-215420
IRS990/PYSalariesCompEmpBnftPaidAmt01653504
IRS990/PYTotalExpensesAmt03449213
IRS990/PYTotalRevenueAmt03233793
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-259916
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0158996
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0114852
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0130060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02481310
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02855173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02897235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03188040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02464718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013886476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0295930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0359145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0339325
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt091370
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07355
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01093125
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92180
IRS990ScheduleA/PublicSupportPY170Pct00.84470
IRS990ScheduleA/PublicSupportTotal170Amt013886476
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02481310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02855173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02897235
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03188040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02464718
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013886476
IRS990ScheduleA/TotalSupportAmt015065328
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt012605
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt019475
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt016809
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt018094
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt018744
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt085727
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.52000
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06502974
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06555153
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0378858
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0326679
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06585962
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06502974
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0248794
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0331782
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06491575
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06585962
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0466117
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0371730
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06055067
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06491576
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0561757
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0125248
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05571358
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0264214
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06055067
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0409495
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0190000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0686050
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0489434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01175484
IRS990ScheduleD/ExpensesNotReportedAmt0323265
IRS990ScheduleD/ExpensesSubtotalAmt03049761
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0356787
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08039
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt156507
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other receivables
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Benificial interest in assets held
IRS990ScheduleD/OtherExpensesIncludedAmt0323265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0126850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Facilty Rental and Advance Deposit
IRS990ScheduleD/OtherRevenueAmt0323265
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.48000
IRS990ScheduleD/RevenueNotReportedAmt0680052
IRS990ScheduleD/RevenueSubtotalAmt02789845
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In conformity with the practice followed by many museums, donated artifacts, which the museum displays at various locations throughout Palm Beach County, are not included in the museums statement of financial position. The cost of artifacts purchased is reported as curatorial and conservation expense while the proceeds from sales of artifacts are reported as curatorial and conservation revenue.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The collections include japanese exhibits, presentations and gardens which serve as a bridge of appreciation and understanding between Japan and all other cultures represented by visitors and outreach participants of all ages.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The endowment fund provides funding for the Morikami museum programs and services.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Museum store - Cost of goods sold
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Museum store - Cost of goods sold
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5The Museum adopted FASB Accounting Standards Codification (ASC) 740-10 during 2009 which clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Museums income tax returns. The Museums income tax filings subject to audit by various taxing authorities are the 2016 - 2018 tax years. The adoption of ASC 740-10 had no impact on the Museums financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Not reporting collections (Part III, line 1a)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Collections descriptions (Part III, line 4)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Endowment funds intended uses (Part V, line 4)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0686050
IRS990ScheduleD/TotalBookValueOtherAssetsAmt064546
IRS990ScheduleD/TotalExpensesPerForm990Amt03049761
IRS990ScheduleD/TotalLiabilityAmt0126850
IRS990ScheduleD/TotalRevenuePerForm990Amt02789845
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03469897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03373026

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,248,559
Liabilities
$513,440
Net assets
$7,735,119
Revenue
$2,789,845
Expenses
$3,049,761
Net income
-$259,916
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.74$0.59$9.15$1.68$2.95$1.27
2023Detailed filing. Detailed filing data is available for this year.$8.98$0.62$8.35$2.31$2.87$0.56
2022Detailed filing. Detailed filing data is available for this year.$8.39$0.61$7.78$2.11$2.77$0.67
2021Detailed filing. Detailed filing data is available for this year.$9.32$0.57$8.74$0.99$2.44$1.45
2020Detailed filing. Detailed filing data is available for this year.$8.25$0.51$7.74$2.79$3.05$0.26
2019Detailed filing. Detailed filing data is available for this year.$8.25$0.62$7.64$3.23$3.45$0.22
2018Detailed filing. Detailed filing data is available for this year.$8.05$0.65$7.40$3.25$3.35$0.10
2017Detailed filing. Detailed filing data is available for this year.$7.75$0.65$7.10$2.63$3.14$0.52
2016Detailed filing. Detailed filing data is available for this year.$7.31$0.66$6.66$3.30$3.12$0.18
2015Detailed filing. Detailed filing data is available for this year.$6.44$0.55$5.89$2.49$2.72$0.23
2014Detailed filing. Detailed filing data is available for this year.$6.76$0.50$6.26$2.35$2.58$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.38$6.05$1.61$2.29$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$0.48$5.83$2.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.47$5.49$2.21