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Nonprofiteer
← JAPANTOWN COMMUNITY BENEFIT DISTRICT INC

Form 990 for tax year 2024

Filed by JAPANTOWN COMMUNITY BENEFIT DISTRICT INC.

Totals

Total revenue
$523,844
Total expenses
$651,630
Contributions and grants received
$112,528
Grants paid
$0
Program service revenue
$403,949
Investment income
$7,367
Other revenue
$0
Total assets, end of year
$726,024
Total liabilities, end of year
$27,566
Net assets or fund balances, end of year
$698,458
Program services expenses (Part IX)
$362,137
Management and general expenses
$289,493
Fundraising expenses
$0
Program service expenses (Part III)
$362,137

Program services were 55.6% 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.

  • 1e · Government grants (contributions)

    $80,886

  • 1f · All other contributions, gifts and grants

    $31,642

  • 2a · Program service revenue: ASSESSMENTS

    total $395,556 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: POP UP SHOP FOR ARTISTS

    total $1,848 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: SERVICE REVENUE

    total $6,545 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $7,367 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $70,428 · program services $41,834 · management and general $28,594 · fundraising $0

  • 7 · Other salaries and wages

    total $91,118 · program services $54,155 · management and general $36,963 · fundraising $0

  • 10 · Payroll taxes

    total $11,619 · program services $8,355 · management and general $3,264 · fundraising $0

  • 11b · Fees: legal

    total $2,728 · program services $0 · management and general $2,728 · fundraising $0

  • 11c · Fees: accounting

    total $13,318 · program services $0 · management and general $13,318 · fundraising $0

  • 11g · Fees: other

    total $19,325 · program services $0 · management and general $19,325 · fundraising $0

  • 13 · Office expenses

    total $34,784 · program services $0 · management and general $34,784 · fundraising $0

  • 16 · Occupancy

    total $12,363 · program services $0 · management and general $12,363 · fundraising $0

  • 17 · Travel

    total $108 · program services $0 · management and general $108 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,055 · program services $0 · management and general $4,055 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $13,876 · program services $13,876 · management and general $0 · fundraising $0

  • 24a · Other expenses: ECONOMIC ENHANCEMENT EXPENSES

    total $127,934 · program services $127,934 · management and general $0 · fundraising $0

  • 24b · Other expenses: ENVIRNONMENTAL ENHANCEMENT EXPENSES

    total $196,601 · program services $115,983 · management and general $80,618 · fundraising $0

  • 24c · Other expenses: OTHER GENERAL EXPENSES

    total $53,373 · program services $0 · management and general $53,373 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $788,641 · end of year $710,613

  • 4 · Accounts receivable

    beginning of year $18,307 · end of year $1,377

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,009 · end of year $609

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

    $580,446

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

    $567,921

  • 10c · Land, buildings and equipment, net

    beginning of year $26,401 · end of year $12,525

  • 15 · Other assets

    beginning of year $900 · end of year $900

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,014 · end of year $27,566

  • 27 · Net assets without donor restrictions

    beginning of year -$29,430 · end of year -$157,776

  • 28 · Net assets with donor restrictions

    beginning of year $855,674 · end of year $856,234

Mission and programs · 2024

Mission

The focus of the Japantown CBD is on providing environmental and economic enhancements to the district; including graffiti removal, pressure washing, marketing, and beautification improvements.

Activities or mission (Part I)

The Japantown CBD will focus on providing environmental and economic enhancements to the district; including graffiti removal, pressure washing, marketing, and beautification improvements.

  • The Japantown CBD provided environmental and economic enhancements to the district; including graffiti removal, pressure washing, marketing, and beautification improvements.

    Expenses $362,137 · Grants $2,000 · Revenue $403,949

As filed on the 2024 return.

Listed in Part VII

  • Robert Sakai

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Dunham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Ishisaki

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Daniel Bryon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Ishii

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Junichi Ikeda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Kolbe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Kathy Nelson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Grace Horikiri

    EXECUTIVE DIRECTOR

    Total calculated
    $70,428
    From this org
    $70,428
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Eunice Ashizawa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amit Patel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darius Salforoosh

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202611289349304211

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