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← SAKURA FOUNDATION

Form 990 for tax year 2023

Filed by SAKURA FOUNDATION.

Totals

Total revenue
$173,191
Total expenses
$208,065
Contributions and grants received
$114,324
Grants paid
$34,883
Program service revenue
$0
Investment income
$58
Other revenue
$58,809
Total assets, end of year
$502,543
Total liabilities, end of year
$6,552
Net assets or fund balances, end of year
$495,991
Program services expenses (Part IX)
$191,182
Management and general expenses
$13,939
Fundraising expenses
$2,944
Program service expenses (Part III)
$191,182

Program services were 91.9% 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.

  • 1b · Membership dues

    $4,459

  • 1e · Government grants (contributions)

    $20,000

  • 1f · All other contributions, gifts and grants

    $89,865

  • 2a · Program service revenue: Cultural enhancement

  • 2b · Program service revenue: Sponsorship-Cultural

  • 3 · Investment income

    total $58 · excluded $58

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $58,809

  • 8c · Net income from fundraising events

    total $58,809 · excluded $56,748

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Misc

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,883 · program services $24,883

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $7,407 · management and general $7,407

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $50,000 · program services $50,000

  • 12 · Advertising and promotion

    total $2,944 · fundraising $2,944

  • 13 · Office expenses

    total $1,182 · management and general $1,182

  • 14 · Information technology

    total $1,866 · management and general $1,866

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $2,564 · management and general $2,564

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $356 · program services $356

  • 23 · Insurance

    total $3,892 · program services $3,892

  • 24a · Other expenses: Cultural event-Cherry Blossom

    total $74,197 · program services $74,197

  • 24b · Other expenses: Cultural event-Marai

    total $11,553 · program services $11,553

  • 24c · Other expenses: Cultural event- Torch Bearer

    total $6,834 · program services $6,834

  • 24d · Other expenses: Yo! Camp Event

    total $2,819 · program services $2,819

  • 24e · All other expenses

    total $7,568 · program services $6,648 · management and general $920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,476 · end of year $95,482

  • 2 · Savings and temporary cash investments

    end of year $52,649

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,465 · end of year $5,463

  • 10a · Land, buildings and equipment: cost or other basis

    $1,780

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,602

  • 10c · Land, buildings and equipment, net

    beginning of year $534 · end of year $178

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $459,042 · end of year $348,771

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,760 · end of year $6,552

  • 19 · Deferred revenue

    beginning of year $500

  • 27 · Net assets without donor restrictions

    beginning of year $606,705 · end of year $463,439

  • 28 · Net assets with donor restrictions

    beginning of year $7,552 · end of year $32,552

Mission and programs · 2023

Mission

The mission of Sakura Foundation is to celebrate and share Japanese and Japanese American cultere and heritage in order to promote a more compassionate resilient, and & equitable society.

Activities or mission (Part I)

Sakura Foundation celebrates and shares Japanese and Japanese American culture and heritage through the Cherry Blossom Festival, Mirai Generations Leadership Program, Chibi no Gakko (cultural school for ages 1-8) community grants, scholarships, and various cultural events throughout the year.

  • Sakura Foundation celebrates and shares Japanese and Japanese American culture and heritage through the Cherry Blossom Festival, Mirai Generations Leadership Program, Chibi no Gakko (cultural school for ages 1-8) community grants, scholarships, and various cultural events throughout the year.

    Expenses $191,182 · Grants $34,883 · Revenue $171,133

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Drew Domoto

    Director

    Total calculated
    $0
    Hours/week
    1
  • Sachi Ishida

    Director

    Total calculated
    $0
    Hours/week
    1
  • Alex Kimata

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kara Miyagishima

    Director

    Total calculated
    $0
    Hours/week
    1
  • Charles Ozaki

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kelly Yamasaki

    Board Secretary

    Total calculated
    $0
    Hours/week
    1
  • D J Ida

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Cathy Ishida

    Director

    Total calculated
    $0
    Hours/week
    1
  • Nick Moskevich

    Director

    Total calculated
    $0
    Hours/week
    1
  • Bent Sabati

    Director

    Total calculated
    $0
    Hours/week
    1
  • Gary Yamashita

    Director

    Total calculated
    $0
    Hours/week
    1
  • Joni Sakaguchi

    President

    Total calculated
    $0
    Hours/week
    1
  • Derek Okubo

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Tom Migaki

    Director

    Total calculated
    $0
    Hours/week
    1
  • Stacey Shigaya

    Executive Dir.

    Total calculated
    $0
    Hours/week
    40

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

  • Tri-StateBuddhist Temple

    $15,000

    Support mission

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Sakura Square LLC

    C Corp · Real Estate · CO · 100% owned · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
19 August 2024
IRS schema version
2023v5.1
Source object
202402329349300035

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