Civic Intelligence

Budokan Inc.

990 • Fiscal year 2018 • EIN 82-2237366

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 24, 2019

Organization ProfileWWW.TERASAKIBUDOKAN.ORG
231 E Third Street No G-106Los Angeles, CA 90013

(213) 473-3030

Siviq Scores

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

Liabilities / Assets

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

19.57x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

$32,544,070

No earlier filing loaded for comparison.

Net Assets

$1,554,693

No earlier filing loaded for comparison.

Liabilities

$30,989,377

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin99th percentile

Revenue

$1,583,683

No earlier filing loaded for comparison.

Expenses

$5,000

No earlier filing loaded for comparison.

Net Income

$1,578,683

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2018

Assets$32,544,070
Liabilities$30,989,377
Net Assets$1,554,693
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2018

Revenue$1,583,683
Expenses$5,000
Net Income$1,578,683
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 24, 2019
Return Version
2018v3.1
Gross Receipts
$1,583,683
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
Cash and Non-Interest-Bearing Accounts$0$24,008,368▲ $24,008,368
Rtn Earn Endowment Incm Other Fnds$0$1,554,693▲ $1,554,693
Prepaid Expenses and Deferred Charges$0$39,121▲ $39,121
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$32,544,070▲ $32,544,070
Other Assets Total$0$8,496,581▲ $8,496,581
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$29,353,336▲ $29,353,336
Accounts Payable and Accrued Expenses$0$1,636,041▲ $1,636,041
Total Liabilities$0$30,989,377▲ $30,989,377
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$1,554,693▲ $1,554,693
Total Liabilities and Net Assets / Fund Balance$0$32,544,070▲ $32,544,070

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$20,041--
Compensation and Service Providers
Top Officer Pay7th 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
$1,583,683
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,583,683
Change in Net Assets
$1,578,683

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,583,683Fair Market Value
Total Noncash Contributions1$1,583,683-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,583,683
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,583,683
Total Revenue per Form 990
$1,583,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,000
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
Other Expenses-$5,000-$5,000
Total Functional Expenses$0$5,000$0$5,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,990
Expenses Not Reported on Form 990$23,990
Expenses per Audited Statements$5,000
Total Expenses per Form 990$5,000
Expenses Not Reported on Financial Statements$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 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
No
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 was provided to the organization's governing body before it was filed.”

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

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Budokan Inc
EIN
82-2237366
Phone
2134733030
Address
231 E THIRD STREET NO G-106, LOS ANGELES, CA 90013

Signing Officer

Name
Erich Nakano
Title
Secretary
Phone
2134733030
Signed
2019-06-24
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
Novogradac & Company Llp
Address
211 EAST OCEAN BLVD SUITE 600, LONG BEACH, CA 90802
Preparer
Bryan Hung
Phone
5624329482
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Organizational costs - book/tax difference -23,990.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Organizational costs - book/tax differences 23,990.”

Raw XML Appendix319 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATIONAL COSTS - BOOK/TAX DIFFERENCE -23,990.
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IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090013
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TERASAKIBUDOKAN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERICH NAKANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02134733030
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUDOKAN INC
ReturnHeader/Filer/BusinessNameControlTxt0BUDO
ReturnHeader/Filer/EIN0822237366
ReturnHeader/Filer/PhoneNum02134733030
ReturnHeader/Filer/USAddress/AddressLine1Txt0231 E THIRD STREET NO G-106
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090013
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03F8A88735DD1470D3EFEB648F1F129637D22C0B1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F8A88735DD1470D3EFEB648F1F129637D22C0B1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0128.92.54.106
ReturnHeader/FilingSecurityInformation/IPDt02019-06-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:44:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0211 EAST OCEAN BLVD SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LONG BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090802
ReturnHeader/PreparerPersonGrp/PhoneNum05624329482
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYAN HUNG
ReturnHeader/ReturnTs02019-06-24T15:45:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,544,070
Liabilities
$30,989,377
Net assets
$1,554,693
Revenue
$1,583,683
Expenses
$5,000
Net income
$1,578,683
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