Civic Intelligence

The Morikami Inc

990 • Fiscal year 2023 • EIN 59-1767023

Oct 01, 2022 to Sep 30, 2023 • Filed on May 20, 2024

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

40th percentile

0.07x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.27x

Higher debt load relative to revenue than 60% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

33rd percentile

$87,808

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

54th percentile

6.9%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

9.7%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$8,976,474

Up $582,402 (+6.9%) from 2022

Net Assets

Up

$8,352,392

Up $568,916 (+7.3%) from 2022

Liabilities

Up

$624,082

Up $13,486 (+2.2%) from 2022

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin13th percentile

Revenue

Up

$2,313,599

Up $204,428 (+9.7%) from 2022

Expenses

Up

$2,872,941

Up $98,506 (+3.6%) from 2022

Net Income

Up

-$559,342

Up $105,922 (+16%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2023

Assets$8,976,474
Liabilities$624,082
Net Assets$8,352,392
Open 2023 Filing

Operations Trend

Revenue Growth56th 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

2023

Revenue$2,313,599
Expenses$2,872,941
Net Income-$559,342
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
May 20, 2024
Return Version
2022v5.0
Gross Receipts
$2,808,091
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$6,003,788$6,652,353▲ $648,565
Land, Buildings, and Equipment, Net$1,295,694$1,341,572▲ $45,878
Cash and Non-Interest-Bearing Accounts$738,315$612,059▼ $126,256
Savings and Temporary Cash Investments$117,001$142,858▲ $25,857
Inventories for Sale or Use$71,097$81,415▲ $10,318
Prepaid Expenses and Deferred Charges$94,390$79,607▼ $14,783
Accounts Receivable$14,458$1,143▼ $13,315
Total Assets$8,394,072$8,976,474▲ $582,402
Other Assets Total$59,329$65,467▲ $6,138
Liabilities
Deferred Revenue$268,242$353,094▲ $84,852
Other Liabilities$189,837$153,097▼ $36,740
Accounts Payable and Accrued Expenses$152,517$117,891▼ $34,626
Total Liabilities$610,596$624,082▲ $13,486
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,246,002$4,912,955▲ $666,953
Net Assets With Donor Restrictions$3,537,474$3,439,437▼ $98,037
Total Net Assets Fund Balance$7,783,476$8,352,392▲ $568,916
Total Liabilities and Net Assets / Fund Balance$8,394,072$8,976,474▲ $582,402

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,341,572$764,300$2,105,872
Other Assets Org$65,467--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$6,003,788-▲ $712,090$63,525$6,652,353
2021$7,110,492-▼ $1,045,552$61,152$6,003,788
2020$6,555,153-▲ $898,402$343,063$7,110,492
2019$6,502,974-▲ $378,858$326,679$6,555,153
2018$6,585,962-▲ $248,794$331,782$6,502,974
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donald BlackmanControllerFT$87,808$87,808

Board Members and Trustees

NameTitle
Randall T BakerPresident
Rosie P BurkmanSecond Vice President
Robin MayVice President
Bonnie W LemayDirector
Christine CartonSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,612,057
Program Service Revenue
$199,205
Investment Income
$-474,277
Other Revenue
$976,614
All Other Contributions
$648,022
Change in Net Assets
$-559,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,313,599
Revenue Not Reported on Form 990
$1,622,753
Total Revenue per Audited Statements
$3,936,352
Total Revenue per Form 990
$2,313,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,474,578
Salaries, Compensation, and Employee Benefits$1,398,363
Total Fundraising Expense$336,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,023,875$248,503$125,985$1,398,363
Office Expenses$69,347$35,873$22,976$128,196
Depreciation Depletion-$113,332-$113,332
All Other Expenses$77,945$15,590$15,742$109,277
Advertising$38,093-$65,863$103,956
Other Expenses$93,740$14,117$43,643$93,740
Insurance$37,808$9,448$34,201$81,457
Fees for Services Other$54,615$15,406$476$70,497
Information Technology$11,493$2,074$27,440$41,007
Travel$4,865$6,492-$11,357
Total Functional Expenses$1,936,920$599,695$336,326$2,872,941

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,367,433
Expenses per Audited Statements$2,872,941
Total Expenses per Form 990$2,872,941
Expenses Not Reported on Form 990$494,492
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$153,097
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
2024-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall T Baker
Formed
1977
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
33
Volunteers
131

Preparer

Firm
Parks & Company LLC
Address
6810 Lyons Technology Cir 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 andconservation 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 andoutreach 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 2019 - 2021 tax years. The adoption of ASC 740-10 had no impact on the Museums financial statements.”

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt094390
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079607
IRS990/PrincipalOfficerNm0Randall T Baker
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Educational Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0199205
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0199205
IRS990/ProgSrvcAccomActy2Grp/Desc0Educational and cultural programs regarding japanese culture are offered to different groups and include school field trips and classroom programs.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0605657
IRS990/ProgSrvcAccomActy3Grp/Desc0Sales of japanese household items to educate the public in furtherance of the museums exempt purpose.
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0117001
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02765547
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01907136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01587162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02481310
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02855173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011596328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0179643
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0179837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-618419
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0295930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0359145
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0396136
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.93380
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IRS990ScheduleA/SubstantialContributorsTotAmt0211757
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02765547
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01907136
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01587162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02481310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02855173
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011596328
IRS990ScheduleA/TotalSupportAmt012090169
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt022329
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt022198
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt021098
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt012605
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt019475
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt097705
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/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06003788
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06652353
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0712090
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt063525
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07110492
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06003788
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1045552
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt061152
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06555153
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07110492
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0898402
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0343063
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06502974
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06555153
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0378858
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0326679
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06585962
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06502974
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0248794
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0331782
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01341572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0764300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02105872
IRS990ScheduleD/ExpensesNotReportedAmt0494492
IRS990ScheduleD/ExpensesSubtotalAmt02872941
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01128261
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt065467
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Benificial interest in assets held
IRS990ScheduleD/OtherExpensesIncludedAmt0494492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0153097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Facilty Rental and Advance Deposit
IRS990ScheduleD/OtherRevenueAmt0494492
IRS990ScheduleD/RevenueNotReportedAmt01622753
IRS990ScheduleD/RevenueSubtotalAmt02313599
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 andconservation 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 andoutreach 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 2019 - 2021 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/TotalBookValueLandBuildingsAmt01341572
IRS990ScheduleD/TotalBookValueOtherAssetsAmt065467
IRS990ScheduleD/TotalExpensesPerForm990Amt02872941
IRS990ScheduleD/TotalLiabilityAmt0153097
IRS990ScheduleD/TotalRevenuePerForm990Amt02313599
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03936352
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03367433
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Morikami, Inc board or a designated committee reviews any proposed compensation increases for officers, management and staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Morikami, Inc board or a designated committee reviews any proposed compensation increases for officers, management and staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All Governing documents, financial statements and tax filings are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Unrealized gain on investments
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,976,474
Liabilities
$624,082
Net assets
$8,352,392
Revenue
$2,313,599
Expenses
$2,872,941
Net income
-$559,342
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