Nvc Foundation EIN 46-0517221 Form 990 (PDF) Claim this org

Nvc Foundation

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Educates and builds community programs honoring Nisei veterans' legacy. For fiscal year 2024 it reported $129K in revenue, $67K in expenses, and $2.2M in net assets.Pt I

Founded
2005
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Seattle, WA
Website
nvcfoundation.org
Filings
5 on file (2020–2024)
Revenue
$129KFY2024
Expenses
$67K
Net assets
$2.2M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0517221 Public charity (501(c)(3)) Seattle, WA Founded 2005
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates and builds community programs honoring Nisei veterans' legacy.
Leadership
David Fukuhara · Board Member
Money in and out
$129K revenue, $67K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$129K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▲ +19% vs prior filing year
Operating runway
248.5mo
months of highly liquid reserves at operating expense rate▲ +35% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▼ -23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$129K
FY2024▼ -42%
Expenses
$67K
FY2024▼ -20%
Total assets
$2.2M
FY2024▲ +3%
Total liabilities
$0
FY2024
Total revenue
$129K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNvc Foundation
EINHdr · item D46-0517221
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jnvcfoundation.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W30)
Ruling yearIRS BMFNov 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $58K of program spending, described in the organization's own filed words · FY2024.
01

Program to establish and maintain a parking lot and memorial wall with engraved bricks to honor and memorialize nisei veterans and japanese american internees.

$40Kprogram expense
02

Scholarships

$12Kprogram expense
03

Programs to honor and educate the legacy of the nisei veterans.

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$107K · 83%
Investment income$22K · 17%
Contributions & grants83%$107K
Investment income17%$22K
Total revenueLn 12$129K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$58K
Management & general14%$9K
Total functional expensesLn 25$67K

Balance Sheet

Part X · end of year
CashLn 1$663K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.2M
Months of cash on handcomputed118.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $67K
248.5 months
Where the money goes
Program services
Program services $58K · Total expenses $67K
86%
Management & General
Management & general $9K · Total expenses $67K
14%
Fundraising
Fundraising $0 · Total expenses $67K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $620 · Solicited contributions (3-yr avg) $124K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $107K · Total revenue $129K
83%
Government reliance
Government grants — · Total revenue $129K
Earned-income share
Program service revenue $0 · Total revenue $129K
0%
Investment reliance
Investment income $22K · Total revenue $129K
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $67K
0%
Growth & trend
Revenue growth (YoY)
This year $129K · Prior year $224K
-42%
Revenue CAGR
FY2020 $76K · FY2024 $129K
+14%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $129K · Expenses $67K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $724K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.2M
33%
People & payroll
Highest Reported Total Compensation
Individual David Fukuhara · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $67K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $67K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Revenue growth -42%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 5 grants · $62K · 2020–2024
Unitemized GrantFY2024$12,000
Unitemized GrantFY2023$13,500
Unitemized GrantFY2022$9,000
Unitemized GrantFY2021$15,000
Unitemized GrantFY2020$12,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$129K revenue · viewing · ⤓ 990 PDF
FY2023$224K revenue · ⤓ 990 PDF
FY2022$112K revenue · ⤓ 990 PDF
FY2021$58K revenue · ⤓ 990 PDF
FY2020$76K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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