Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Promotes Asian culture through media, entertainment, and artistic community events.
Questions for Otakorp INC
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Otakorp, inc. Sponsored its annual meeting as an in-person event. This 3- day educational and immersive festival of asian popular arts and culture, called otakon, included panels, lectures, workshops, concerts, film and video presentations, and live appearances by those involved in the creation, production, and distribution of asian art…
Otakorp, inc. Continued to develop its relationships with the embassy of the republic of korea and the embassy of japan in order to continue our cross-cultural mission. Furthermore, we worked with both japan and south korea's artistic communities and popular arts industries to bring programing, exhibitions, and discussion of their media…
In 2021, otakorp, inc. Coordinated with the japan-america society of washington D.C. To sponsor the sakura matsuri japanese street festival in washington, D.C. Which continued to develop otakorp, INC.'S outreach in promoting asian culture, media, and entertainment in the united states.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $189K | $524K |
| Total assetsLn 16 | $191K | $526K |
| LiabilitiesLn 26 | $28K | $76K |
| Net assetsLn 32 | $163K | $451K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $78K | $78K | ||
| Accounting feesLn 11c | $16K | $16K | ||
| Office expensesLn 13 | $32K | $32K | ||
| Information technologyLn 14 | $36K | $36K | ||
| OccupancyLn 16 | $44K | $44K | ||
| TravelLn 17 | $23K | $23K | ||
| Conferences, conventions and meetingsLn 19 | $1.2M | $1.2M | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $70K | $70K | ||
| Total functional expensesLn 25 | $1.5M | $1.3M | $269K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.4M | $3.6M | $858K | $4.1M | 990 PDF |
| FY2023 | $3.8M | $3.4M | $358K | $3.2M | 990 PDF |
| FY2022 | $5.2M | $2.9M | $2.3M | $2.7M | 990 PDF |
| FY2021 Viewing | $1.8M | $1.5M | $287K | $451K | 990 PDF |
| FY2020 | $365K | $585K | −$220K | $163K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,832,562 revenue, 12 lines filed
Part VI · Governance 144 of 144 board members independent, 2 to look at
Part VIII · Statement of revenue $1,832,562 across 4 lines filed
Part IX · Statement of functional expenses $1,545,126 across 9 lines filed
Part X · Balance sheet $526,333 assets, 8 lines filed
Part XI · Reconciliation of net assets $450,598 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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