Sakura Educational Exchanges USA INC FY2023 filing

Tax-deductible

Rockville, MD501(c)(3)EducationEIN 52-1682350Revenue $30K in FY2023

On file with the IRSseeusa-rugaku.com6261 Executive Blvd, 20852-3906 · Rockville, MDTax-exempt since Dec 1991School — 170(b)(1)(A)(ii)

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Operating a pre-academic college program which prepares students for study at an american college or university.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $1.7M a year · 90% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 37.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30K
-100% vs prior year
Spent
$98K
To programs
0%
Net assets
$1.5M
By yearFY2021–FY2025
Revenue
$30K
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2021$13K
FY2022$9.4M
FY2023$30K
FY2024$114K
FY2025$53K
Expenses
$98K
FY2023▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2021$169K
FY2022$82K
FY2023$98K
FY2024$188K
FY2025$426K
Net assets
$1.5M
FY2023▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021−$7.6M
FY2022$1.6M
FY2023$1.5M
FY2024$1.4M
FY2025$1.1M

From the FY2023 Form 990 (year ending March 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $98K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary/Tr
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Takae Otani’s $317K as President is at the 99th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Sakura Educational Exchanges USA INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares students for American college or university study through a pre-academic program.

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Provided by the organization

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2 programs · in their own filed words · FY2022
01

Boarding High School Exchange Program

This is a placement monitoring program designed to place japanese high school students in america boarding high schools. See usa typically monitors students' school life toward completion of either a one year exchange or a high school graduation.

Pt IX · col B
02

Junior and Senior High School Program

This is a travel study program that lasts 8 to 15 days. The goal is to offer an intensive conversational english program for ages 15-18. The students also participate in trips to various cities in the usa and canada.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$30K
Ln 12
Investment incomeLn 3$30K
Money outPt IX
$98K
Ln 25
Managementcol C$98K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$307K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$30K
Total revenueLn 12$30K
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$86K
Cash and savings togetherLn 1–2$307K
InvestmentsLn 11–13$1.1M
Other assetsLn 15$3K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMarch
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 FY23End FY23
Cash and savingsLn 1–2$454K$307K
InvestmentsLn 11–13$1.2M$1.1M
Total assetsLn 16$1.6M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$5K$5K
Office expensesLn 13$2K$2K
TravelLn 17$18K$18K
Other expenses (24a–d)Ln 24$58K$58K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$98K$0$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $53K$426K−$373K$1.1M 990 PDF
FY2024 $114K$188K−$74K$1.4M 990 PDF
FY2023 Viewing $30K$98K−$68K$1.5M 990 PDF
FY2022 $9.4M$82K$9.3M$1.6M 990 PDF
FY2021 $13K$169K−$156K−$7.6M 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 FY2023 990 (6 parts)
Part I · Summary $30,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,351,179$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $14,230$30,284
I-11 Other revenuePrior year $285$0
I-12 Total revenuePrior year $9,365,694$30,284
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $82,178$98,211
I-18 Total expensesPrior year $82,178$98,211
I-19 Revenue less expensesPrior year $9,283,516−$67,927
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $30,284 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $30,284$30,284
VIII-12 Total revenueExcluded from tax $30,284$30,284
Part IX · Statement of functional expenses $98,211 across 7 lines filed
IX-11b Legal feesManagement $5,047$5,047
IX-11c Accounting feesManagement $6,175$6,175
IX-11f Investment management feesManagement $4,838$4,838
IX-13 Office expensesManagement $1,636$1,636
IX-17 TravelManagement $17,508$17,508
IX-24 Other expenses (24a–d)Management $57,551$57,551
IX-24e All other expensesManagement $5,456$5,456
IX-25 Total functional expensesPrograms $0 · Management $98,211 · Fundraising $0$98,211
Part X · Balance sheet $1,530,096 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $313,817$220,763
X-2 Savings and temporary cash investmentsStart of year $140,332$85,959
X-9 Prepaid expenses and deferred charges$79,532
X-11 Publicly traded securitiesStart of year $1,172,215$1,140,519
X-15 Other assetsStart of year $3,323$3,323
X-16 Total assetsStart of year $1,629,687$1,530,096
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,629,687$1,530,096
X-33 Total liabilities and net assetsStart of year $1,629,687$1,530,096
Part XI · Reconciliation of net assets $1,530,096 net assets at year end
XI-1 Total revenue$30,284
XI-2 Total expenses$98,211
XI-3 Revenue less expenses−$67,927
XI-4 Net assets at start of year$1,629,687
XI-5 Net unrealized gains (losses) on investments−$31,664
XI-10 Net assets at end of year$1,530,096

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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