Civic Intelligence

Budokan Inc

EIN 82-2237366 • 501(c)3 • Los Angeles, CA

Profile

To provide a facility in downtown los angeles for youth, families and seniors that offers sports, community activities and opportunities to connect visitors to japanese american culture and to a vibrant, sustainable little tokyo.

231 E Third Street G-106Los Angeles, CA 90013

www.terasakibudokan.org

Siviq Scores

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

Liabilities / Assets

96th percentile

1.11x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

102.63x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

1st percentile

-368%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

17th percentile

-3.8%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

0.0%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$27,506,412

Down $1,090,932 (-3.8%) from 2023

Liabilities

Flat

$30,482,000

Flat from 2023

Net Assets

Down

-$2,975,588

Down $1,090,932 (-58%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Flat

$297,000

Flat from 2023

Expenses

Up

$1,389,646

Up $21,243 (+1.6%) from 2023

Net Income

Down

-$1,092,646

Down $21,243 (-2.0%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2018: $32,544,070Liabilities 2018: $30,989,377Net Assets 2018: $1,554,6932018Assets 2019: $33,743,291Liabilities 2019: $32,139,098Net Assets 2019: $1,604,1932019Assets 2020: $31,904,313Liabilities 2020: $30,546,534Net Assets 2020: $1,357,7792020Assets 2021: $30,771,475Liabilities 2021: $30,482,000Net Assets 2021: $289,4752021Assets 2022: $29,667,033Liabilities 2022: $30,482,000Net Assets 2022: -$814,9672022Assets 2023: $28,597,344Liabilities 2023: $30,482,000Net Assets 2023: -$1,884,6562023Assets 2024: $27,506,412Liabilities 2024: $30,482,000Net Assets 2024: -$2,975,5882024

Highlighted filing

2024

Assets$27,506,412
Liabilities$30,482,000
Net Assets-$2,975,588
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2018: $1,583,683Expenses 2018: $5,000Net Income 2018: $1,578,6832018Revenue 2019: $49,500Expenses 2019: $1,714Net Income 2019: $47,7862019Revenue 2020: $298,659Expenses 2020: $546,787Net Income 2020: -$248,1282020Revenue 2021: $297,000Expenses 2021: $1,367,018Net Income 2021: -$1,070,0182021Revenue 2022: $297,000Expenses 2022: $1,403,156Net Income 2022: -$1,106,1562022Revenue 2023: $297,000Expenses 2023: $1,368,403Net Income 2023: -$1,071,4032023Revenue 2024: $297,000Expenses 2024: $1,389,646Net Income 2024: -$1,092,6462024

Highlighted filing

2024

Revenue$297,000
Expenses$1,389,646
Net Income-$1,092,646
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,506,412
Liabilities
$30,482,000
Net assets
-$2,975,588
Revenue
$297,000
Expenses
$1,389,646
Net income
-$1,092,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.5$30.5$2.98$0.30$1.39$1.09
2023Detailed filing. Detailed filing data is available for this year.$28.6$30.5$1.88$0.30$1.37$1.07
2022Detailed filing. Detailed filing data is available for this year.$29.7$30.5$0.81$0.30$1.40$1.11
2021Detailed filing. Detailed filing data is available for this year.$30.8$30.5$0.29$0.30$1.37$1.07
2020Detailed filing. Detailed filing data is available for this year.$31.9$30.5$1.36$0.30$0.55$0.25
2019Detailed filing. Detailed filing data is available for this year.$33.7$32.1$1.60$0.05$0.00$0.05
2018Detailed filing. Detailed filing data is available for this year.$32.5$31.0$1.55$1.58$0.01$1.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$297,000
Mission and Program Overview

Mission

To provide a facility in downtown los angeles for youth, families and seniors that offers sports, community activities and opportunities to connect visitors to japanese american culture and to a vibrant, sustainable little tokyo.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,084,633$26,212,478▼ $872,155
Intangible Assets$967,998$933,631▼ $34,367
Cash and Non-Interest-Bearing Accounts$544,713$360,303▼ $184,410
Total Assets$28,597,344$27,506,412▼ $1,090,932
Liabilities
Mortgage Notes Payable Secured by Investment Property$30,482,000$30,482,000→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$30,482,000$30,482,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,884,656$-2,975,588▼ $1,090,932
Total Net Assets Fund Balance$-1,884,656$-2,975,588▼ $1,090,932
Total Liabilities and Net Assets / Fund Balance$28,597,344$27,506,412▼ $1,090,932

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,337,076$2,896,640$26,233,716
Leasehold Improvements$2,598,768$736,549$3,335,317
Equipment$276,634$218,830$495,464
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Bill WatanabeChair of the Board
Keith TerasakiDirector
Silvia YoshimizuDirector
Erich NakanoSecretary
Alan KosakaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$297,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,092,646

Audited Revenue Reconciliation

Revenue per Audited Statements
$297,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$297,000
Total Revenue per Form 990
$297,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,389,646
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
Depreciation Depletion$908,236--$908,236
Interest$367,956--$367,956
Fees for Services Other$111,797--$111,797
Fees for Services Accounting$1,330--$1,330
Other Expenses$100$227-$100
Total Functional Expenses$1,389,419$227$0$1,389,646

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,389,646
Expenses per Audited Statements$1,387,933
Total Expenses per Audited Statements$1,387,933
Expenses Not Reported on Financial Statements$1,713
Other Expense Adjustments$1,713
Expenses Not Reported on Form 990$0
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
Annual disclosure for covered persons
No
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is provided to the organization's governing body for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal, officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received, read and understands, and has agreed to comply with budokan, inc's conflicts of interest policy.”

Form 990, Part VI, Section C, Line 19

“Budokan, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Budokan Inc
EIN
82-2237366
Phone
2134733030
Address
231 E THIRD STREET G-106, LOS ANGELES, CA 90013

Signing Officer

Name
Erich Nakano
Title
Secretary
Phone
2134733030
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erich Nakano
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Robert J Doyle Jr
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Book/tax difference - organization costs 1,714.”

Page 1, Application Pending

“The organization has filed form 8940, request for miscellaneous determination, to change the type of a section 509(a)(3) organization to a type i supporting organization. The organization is continuing to file form 990 in accordance with the form 990 and form 8940 instructions while the irs reviews the request. The organization has checked box 12a on schedule a, part i based on the assumption that the request will be approved. As of the date that the 2024 tax return was filed, the organization has not received a determination from the irs.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying consolidated financial statements. Even though the corporation is recognized as tax exempt, it still may be liable for tax on its unrelated business income (ubi). The corporation evaluates uncertain tax positions through its review of the sources of income to identify ubi and certain other matters, including those which may affect its tax exempt status. The effect of the uncertainty would be recorded if the outcome was considered probable and reasonably estimable. As of december 31, 2024 and 2023, the corporation had no uncertain tax positions requiring accrual.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference - organization costs”

Raw XML Appendix386 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A FACILITY IN DOWNTOWN LOS ANGELES FOR YOUTH, FAMILIES AND SENIORS THAT OFFERS SPORTS, COMMUNITY ACTIVITIES AND OPPORTUNITIES TO CONNECT VISITORS TO JAPANESE AMERICAN CULTURE AND TO A VIBRANT, SUSTAINABLE LITTLE TOKYO.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/ApplicationPendingInd0X
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BOMEE KIM FAIN
IRS990/BooksInCareOfDetail/PhoneNum02134733030
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0231 E THIRD STREET NO G-106
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090013
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0544713
IRS990/CashNonInterestBearingGrp/EOYAmt0360303
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01389646
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0297000
IRS990/CYRevenuesLessExpensesAmt0-1092646
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01389646
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0297000
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0908236
IRS990/DepreciationDepletionGrp/TotalAmt0908236
IRS990/Desc0BUDOKAN, INC IS A MULTIPURPOSE COMMUNITY FACILITY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01389419
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01330
IRS990/FeesForServicesAccountingGrp/TotalAmt01330
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0111797
IRS990/FeesForServicesOtherGrp/TotalAmt0111797
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL WATANABE
IRS990/Form990PartVIISectionAGrp/PersonNm1SILVIA YOSHIMIZU
IRS990/Form990PartVIISectionAGrp/PersonNm2ALAN KOSAKA
IRS990/Form990PartVIISectionAGrp/PersonNm3KEITH TERASAKI
IRS990/Form990PartVIISectionAGrp/PersonNm4ERICH NAKANO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0297000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0967998
IRS990/IntangibleAssetsGrp/EOYAmt0933631
IRS990/InterestGrp/ProgramServicesAmt0367956
IRS990/InterestGrp/TotalAmt0367956
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03852019
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027084633
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026212478
IRS990/LandBldgEquipCostOrOtherBssAmt030064497
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A FACILITY IN DOWNTOWN LOS ANGELES FOR YOUTH, FAMILIES AND SENIORS THAT OFFERS SPORTS, COMMUNITY ACTIVITIES AND OPPORTUNITIES TO CONNECT VISITORS TO JAPANESE AMERICAN CULTURE AND TO A VIBRANT, SUSTAINABLE LITTLE TOKYO.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt030482000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt030482000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1884656
IRS990/NetAssetsOrFundBalancesEOYAmt0-2975588
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1884656
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2975588
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01714
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0227
IRS990/OtherExpensesGrp/ProgramServicesAmt0100
IRS990/OtherExpensesGrp/TotalAmt0227
IRS990/OtherExpensesGrp/TotalAmt1100
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ERICH NAKANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0LEASE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0297000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0297000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01368403
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0297000
IRS990/PYRevenuesLessExpensesAmt0-1071403
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01368403
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0297000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1092646
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0297000
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportPY509Pct00.02020
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0954444102
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LTSC COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt023337076
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02896640
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt026233716
IRS990ScheduleD/EquipmentGrp/BookValueAmt0276634
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0218830
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0495464
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01713
IRS990ScheduleD/ExpensesSubtotalAmt01387933
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02598768
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0736549
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03335317
IRS990ScheduleD/OtherExpensesNotIncludedAmt01713
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0297000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. EVEN THOUGH THE CORPORATION IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). THE CORPORATION EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN OTHER MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2024 AND 2023, THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DIFFERENCE - ORGANIZATION COSTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026212478
IRS990ScheduleD/TotalExpensesPerForm990Amt01389646
IRS990ScheduleD/TotalRevenuePerForm990Amt0297000
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0297000
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01387933
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND HAS AGREED TO COMPLY WITH BUDOKAN, INC'S CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BUDOKAN, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE - ORGANIZATION COSTS 1,714.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS FILED FORM 8940, REQUEST FOR MISCELLANEOUS DETERMINATION, TO CHANGE THE TYPE OF A SECTION 509(A)(3) ORGANIZATION TO A TYPE I SUPPORTING ORGANIZATION. THE ORGANIZATION IS CONTINUING TO FILE FORM 990 IN ACCORDANCE WITH THE FORM 990 AND FORM 8940 INSTRUCTIONS WHILE THE IRS REVIEWS THE REQUEST. THE ORGANIZATION HAS CHECKED BOX 12A ON SCHEDULE A, PART I BASED ON THE ASSUMPTION THAT THE REQUEST WILL BE APPROVED. AS OF THE DATE THAT THE 2024 TAX RETURN WAS FILED, THE ORGANIZATION HAS NOT RECEIVED A DETERMINATION FROM THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PAGE 1, APPLICATION PENDING
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LTSC COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0954444102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0231 E THIRD STREET NO G-106
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090013
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0297000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LTSC COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt028597344
IRS990/TotalAssetsEOYAmt027506412
IRS990/TotalAssetsGrp/BOYAmt028597344
IRS990/TotalAssetsGrp/EOYAmt027506412
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01389419
IRS990/TotalFunctionalExpensesGrp/TotalAmt01389646
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030482000
IRS990/TotalLiabilitiesEOYAmt030482000
IRS990/TotalLiabilitiesGrp/BOYAmt030482000
IRS990/TotalLiabilitiesGrp/EOYAmt030482000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1884656
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2975588
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01389419
IRS990/TotalProgramServiceRevenueAmt0297000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0297000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0297000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028597344
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027506412
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0231 E THIRD STREET G-106
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090013
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TERASAKIBUDOKAN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERICH NAKANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02134733030
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUDOKAN INC
ReturnHeader/Filer/BusinessNameControlTxt0BUDO
ReturnHeader/Filer/EIN0822237366
ReturnHeader/Filer/PhoneNum02134733030
ReturnHeader/Filer/USAddress/AddressLine1Txt0231 E THIRD STREET G-106
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090013
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046032
ReturnHeader/PreparerPersonGrp/PhoneNum03178485700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J DOYLE JR
ReturnHeader/ReturnTs02025-11-14T13:25:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.