Ree & Jun Kaneko Foundation

Tax-deductible

Omaha, NE501(c)(3)Arts & CultureEIN 45-2369312

Incorporated on july 26, 2010 as a support organization for kaneko, a nebraska non-profit corporation and public charity under section 501(c)3, 501(a)9 and 170(b)(1)(a)(vi) of the code

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $160K a year · 93% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$87K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$95K
-43% vs prior year
Spent
$637K
To programs
97%
Net assets
$13.6M
By yearFY2021–FY2024
Revenue
$95K
FY2024▼ -43%
Revenue by fiscal year
FY2021$0
FY2022$424K
FY2023$167K
FY2024$95K
Expenses
$637K
FY2024▲ +74%
Expenses by fiscal year
FY2021$0
FY2022$320K
FY2023$367K
FY2024$637K
Net assets
$13.6M
FY2024▼ -4%
Net assets by fiscal year
FY2021$0
FY2022$14.3M
FY2023$14.1M
FY2024$13.6M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $619K Management & general 3% · $16K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ree & Jun Kaneko Foundation executive salaries →

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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

Supports a Nebraska public charity that promotes arts and innovation.

Provided by the organization

This section is blank until Ree & Jun Kaneko Foundation claims this page.

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1 program service account for $619K of program spending, described in the organization's own filed words · FY2024.
01

A support organization for kaneko, a nebraska non-profit corporation and public charity under section 501(c)3, 501(a)9 and 170(B)(1)(A)(VI) of the code

$619Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$21K
Grants paid · 3 grants · $291K · 2023–2024
Jun Kaneko Studio LLCFY2024$250,000
Unitemized GrantFY2024$25,700
Jun Kaneko Studio LLCFY2023$15,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$95K
Ln 12
Gifts and grantsLn 1h$51K
Fees for servicesLn 2g$25K
Investment incomeLn 3$19K
Money outPt IX
$637K
Ln 25
Programscol B$619K
Managementcol C$16K
Fundraisingcol D$2K
Owns and owesPt X
$13.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$13.7M
LiabilitiesLn 26$87K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Government grantsLn 1e$21K
Fees for servicesLn 2g$25K
Investment incomeLn 3$19K
Total revenueLn 12$95K
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$12.4M
Total assetsLn 16$13.7M
LiabilitiesLn 26$87K
Net assetsLn 32$13.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$1.1M
Land, buildings, equipmentLn 10c$12.7M$12.4M
Total assetsLn 16$14.2M$13.7M
LiabilitiesLn 26$87K$87K
Net assetsLn 32$14.1M$13.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250K$250K
Grants to domestic individualsLn 2$26K$26K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$19K$19K
Professional fundraising feesLn 11e$2K$2K
Office expensesLn 13$3K$3K
Information technologyLn 14$720$720
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$285K$285K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$20K$7K$13K
Total functional expensesLn 25$637K$619K$16K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $95K$637K−$542K$13.6M 990 PDF
FY2023 $167K$367K−$200K$14.1M 990 PDF
FY2022 $424K$320K$104K$14.3M 990 PDF
FY2021 $0$0$0$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $94,829 across 6 lines filed
VIII-1e Government grants$21,313
VIII-1f All other contributions, gifts and grants$30,000
VIII-1h Total contributions, gifts and grants$51,313
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,579$24,579
VIII-3 Investment incomeExcluded from tax $18,937$18,937
VIII-12 Total revenueRelated to mission $24,579 · Unrelated business $0 · Excluded from tax $18,937$94,829
Part IX · Statement of functional expenses $637,067 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $250,000$250,000
IX-2 Grants to domestic individualsPrograms $25,700$25,700
IX-11b Legal feesPrograms $1,333$1,333
IX-11c Accounting feesPrograms $18,702$18,702
IX-11e Professional fundraising feesFundraising $2,288$2,288
IX-13 Office expensesManagement $2,576$2,576
IX-14 Information technologyManagement $720$720
IX-19 Conferences, conventions and meetingsPrograms $1,050$1,050
IX-22 Depreciation, depletion and amortizationPrograms $284,831$284,831
IX-23 InsurancePrograms $29,810$29,810
IX-24 Other expenses (24a–d)Programs $7,205 · Management $12,852$20,057
IX-25 Total functional expensesPrograms $618,631 · Management $16,148 · Fundraising $2,288$637,067
Part X · Balance sheet $13,660,127 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $89,760$63,470
X-2 Savings and temporary cash investmentsStart of year $1,054,731$1,073,160
X-8 Inventories for sale or useStart of year $127,500$127,500
X-10c Land, buildings and equipment, netStart of year $12,680,373$12,395,997
X-16 Total assetsStart of year $14,202,364$13,660,127
X-25 Other liabilitiesStart of year $87,225$87,225
X-26 Total liabilitiesStart of year $87,225$87,225
X-28 Net assets with donor restrictionsStart of year $14,115,139$13,572,902
X-32 Total net assets or fund balancesStart of year $14,115,139$13,572,902
X-33 Total liabilities and net assetsStart of year $14,202,364$13,660,127
Part XI · Reconciliation of net assets $13,572,902 net assets at year end
XI-1 Total revenue$94,829
XI-2 Total expenses$637,067
XI-3 Revenue less expenses−$542,238
XI-4 Net assets at start of year$14,115,139
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,572,902

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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