Civic Intelligence

Budokan Inc.

990 • Fiscal year 2019 • EIN 82-2237366

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

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.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

649.27x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

48th percentile

3.7%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$33,743,291

Up $1,199,221 (+3.7%) from 2018

Net Assets

Up

$1,604,193

Up $49,500 (+3.2%) from 2018

Liabilities

Up

$32,139,098

Up $1,149,721 (+3.7%) from 2018

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin99th percentile

Revenue

Down

$49,500

Down $1,534,183 (-97%) from 2018

Expenses

Down

$1,714

Down $3,286 (-66%) from 2018

Net Income

Down

$47,786

Down $1,530,897 (-97%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

2019

Assets$33,743,291
Liabilities$32,139,098
Net Assets$1,604,193
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

2019

Revenue$49,500
Expenses$1,714
Net Income$47,786
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.1
Gross Receipts
$49,500
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$24,008,368$9,669,647▼ $14,338,721
Prepaid Expenses and Deferred Charges$39,121$39,121→ $0
Intangible Assets$0$0→ $0
Total Assets$32,544,070$33,743,291▲ $1,199,221
Other Assets Total$8,496,581$24,034,523▲ $15,537,942
Liabilities
Mortgage Notes Payable Secured by Investment Property$29,353,336$29,353,337▲ $1
Accounts Payable and Accrued Expenses$1,636,041$2,785,761▲ $1,149,720
Total Liabilities$30,989,377$32,139,098▲ $1,149,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,554,693$1,604,193▲ $49,500
Total Net Assets Fund Balance$1,554,693$1,604,193▲ $49,500
Total Liabilities and Net Assets / Fund Balance$32,544,070$33,743,291▲ $1,199,221

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$24,014,482--
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
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$49,500
Change in Net Assets
$47,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$49,500
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$49,500
Total Revenue per Form 990
$49,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,714
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-$1,714-$1,714
Total Functional Expenses$0$1,714$0$1,714

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$1,714
Other Expense Adjustments$1,714
Total Expenses per Form 990$1,714
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited 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 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 NO G-106, LOS ANGELES, CA 90013

Signing Officer

Name
Erich Nakano
Title
Secretary
Phone
2134733030
Signed
2020-06-29
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
Kelli a Mckinzie
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

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

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference - organization costs”

Raw XML Appendix357 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 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt045900
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/TotalAssetsBOYAmt032544070
IRS990/TotalAssetsEOYAmt033743291
IRS990/TotalAssetsGrp/BOYAmt032544070
IRS990/TotalAssetsGrp/EOYAmt033743291
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01714
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030989377
IRS990/TotalLiabilitiesEOYAmt032139098
IRS990/TotalLiabilitiesGrp/BOYAmt030989377
IRS990/TotalLiabilitiesGrp/EOYAmt032139098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01554693
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01604193
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt049500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt049500
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032544070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033743291
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0231 E THIRD STREET NO G-106
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TERASAKIBUDOKAN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERICH NAKANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02134733030
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-29
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ACFA1FD5D0975E1C9831E325E6CB61468AD97E30
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.37.49.205
ReturnHeader/FilingSecurityInformation/IPDt02020-06-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0US
ReturnHeader/FilingSecurityInformation/IPTm019:56:14
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/PreparerPersonNm0KELLI A MCKINZIE
ReturnHeader/ReturnTs02020-07-07T14:56:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,743,291
Liabilities
$32,139,098
Net assets
$1,604,193
Revenue
$49,500
Expenses
$1,714
Net income
$47,786
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