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
84 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
13 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 2No
- 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.
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Otakorp, inc. Made logistic and contractual preparations for and sponsored its 2023 annual meeting. This 3-DAY educational and immersive festival of asian popular arts and culture, called otakon, includes panels, lectures, workshops, concerts, film and video presentations, and live appearances by those involved in the creation…
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 followed up on recently completed meetings with representatives of both japan and south korea's artistic communities and popular arts industries to bring…
Otakorp, inc. Coordinated with a number of other regional events, such as nekocon and pax unplugged, to continue its efforts to cross-promote interest in 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 FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.9M | $3.3M |
| Total assetsLn 16 | $2.9M | $3.3M |
| LiabilitiesLn 26 | $80K | $72K |
| Net assetsLn 32 | $2.8M | $3.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $112K | $112K | ||
| Accounting feesLn 11c | $12K | $12K | ||
| Advertising and promotionLn 12 | $48K | $48K | ||
| Office expensesLn 13 | $21K | $21K | ||
| Information technologyLn 14 | $64K | $64K | ||
| OccupancyLn 16 | $115K | $115K | ||
| TravelLn 17 | $407K | $331K | $75K | |
| Conferences, conventions and meetingsLn 19 | $2.5M | $2.5M | $47K | |
| InsuranceLn 23 | $391 | $391 | ||
| Other expenses (24a–d)Ln 24 | $111K | $111K | ||
| Total functional expensesLn 25 | $3.4M | $2.9M | $558K | $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 Viewing | $3.8M | $3.4M | $358K | $3.2M | 990 PDF |
| FY2022 | $5.2M | $2.9M | $2.3M | $2.7M | 990 PDF |
| FY2021 | $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 FY2023 990 (6 parts)
Part I · Summary $3,786,249 revenue, 12 lines filed
Part VI · Governance 167 of 167 board members independent, 1 to look at
Part VIII · Statement of revenue $3,786,249 across 4 lines filed
Part IX · Statement of functional expenses $3,427,938 across 10 lines filed
Part X · Balance sheet $3,275,104 assets, 7 lines filed
Part XI · Reconciliation of net assets $3,202,782 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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