Form 990 for tax year 2022

Filed by IWAMOTO GO OUTREACH FOUNDATION.

Totals

Total revenue: $2,019,004
Total expenses: $54,274
Contributions and grants received: $2,000,000
Grants paid: $49,000
Program service revenue: $0
Investment income: $19,004
Other revenue: $0
Total assets, end of year: $1,995,387
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,995,387
Program services expenses (Part IX): $49,000
Management and general expenses: $5,274
Fundraising expenses: $0
Program service expenses (Part III): $49,000

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$2,000,000
1g · Noncash contributions included above

$0
3 · Investment income

total $18,800 · related or exempt $0 · unrelated business $0 · excluded $18,800
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $9,889 · other assets $0
7b · Less cost or other basis and sales expenses

securities $9,685 · other assets $0
7c · Gain or loss

securities $204 · other assets $0
7d · Net gain or loss

total $204 · related or exempt $0 · unrelated business $0 · excluded $204
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $49,000 · program services $49,000
11b · Fees: legal

total $3,167 · management and general $3,167
11c · Fees: accounting

total $249 · management and general $249
11f · Fees: investment management

total $1,075 · management and general $1,075
13 · Office expenses

total $204 · management and general $204
17 · Travel

total $579 · management and general $579
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $25,816
2 · Savings and temporary cash investments

beginning of year $0
4 · Accounts receivable

beginning of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $1,666,055
15 · Other assets

end of year $303,516
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $0 · end of year $1,995,387
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The purpose of the corporation is to promote social welfare within the meaning of Section 501(c)(4) of the Internal Revenue Code of 1986, as amended (the "Code"), or any successor provision, including, but not limited to, by fostering and developing the game and culture of Go in North America, and by supporting the purposes for which Seattle Go Center, a Washington nonprofit corporation, is organized, in order to achieve the goals Japanese go master Iwamoto Kaoru intended when he founded the Seattle Go Center.

IGOF provides a shared space for groups that support its mission. These groups include the Seattle Go Center, Seattle Shogi, Zoka Go Club, and other regional Go groups. Seattle Go Center meets 3-4 times per week, with 40-65 people per week attending, depending on events. Seattle Shogi meets once per week with 6-10 people, and Zoka meets about once per week with a few people. Occasionally other groups use the space, such as a Japanese tea ceremony group or other cultural exchange groups. In addition, IGO is bringing visiting Go professionals to the shared space to teach and promote Go. IGOF pays for their transportation, accommodations, and food. These events have 20-30 people depending on the event and how many days the pro is resident.

Expenses $49,000 · Grants $49,000

As filed on the 2022 return.

Listed in Part VII

Satoru Kobayashi

Chairman

Total calculated

$0

Hours/week

1
Chris Kirschner

Treasurer

Total calculated

$0

Hours/week

1
Leslie Crawford

Director

Total calculated

$0

Hours/week

1
Fumio -Frank- Kojima

Director

Total calculated

$0

Hours/week

1
Morito Obuchi

Director

Total calculated

$0

Hours/week

1
Bill Chiles

Executive Director

Total calculated

$0

Hours/week

10
Tom Urasoe

Secretary

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Seattle Go Center

$49,000

The purpose of the grant is for operation of SGC in execution of its mission. SGC's mission statement is: By way of explanation and not limitation, a primary purpose of the corporation is to promote educational exchanges between persons of different cultural background including but not limited to promotion of instruction, training, practice and competition in respect of the game Go and its variants.

Provenance

Return type: form_990
Tax year: 2022
Filed: 28 April 2024
IRS schema version: 2022v5.0
Source object: 202441209349300309

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.