Sakura Foundation EIN 84-0633140

Sakura Foundation

EIN  84-0633140 Supporting organization Denver, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Celebrates Japanese and Japanese American heritage through scholarships, grants, leadership, events, and festivals.
Leadership
Drew Domoto · Director
Money in and out
$508K revenue, $543K expenses
Bottom line
-7% net inflow

Celebrates Japanese and Japanese American heritage through scholarships, grants, leadership, events, and festivals. For fiscal year 2024 it reported $508K in revenue, $543K in expenses, and $271K in net assets.Pt I

Money in and out · FY2024
Total revenue
$508K
Pt VIII · Ln 12
Total expenses
$543K
Pt IX · Ln 25
Net assets
$271K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$35K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.00
Net inflow
-7%
revenue over expenses, this year▲ +65% vs prior filing year
Pass-through gifts
18%
of revenue from contributions▼ -72% vs prior filing year
Program spending
94%
of expenses reach stated programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$508K
FY2024▲ +193%
Expenses
$543K
FY2024▲ +161%
Total assets
$278K
FY2024▼ -45%
Total liabilities
$7K
FY2024▲ +4%
Total revenue
$508K
Pt VIII · Ln 12
Total expenses
$543K
Pt IX · Ln 25
Net assets
$271K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$35K
Total assetsPt X · Ln 16$278K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $516K of program spending, described in the organization's own filed words · FY2024.
01

Our mission is to celebrate and share Japanese & Japanese American culture and heritage in order to promote a more compassionate, resilient, & equitable society.

$516Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSakura Foundation
EINHdr · item D84-0633140
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFMay 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Sakura Foundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$379K · 75%
Contributions & grants$94K · 18%
Other revenue$35K · 7%
Program service revenue75%$379K
Contributions & grants18%$94K
Other revenue7%$35K
Investment income$105
— government grantsLn 1e$20K
Total revenueLn 12$508K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.00
Program services94%$512K
Management & general5%$28K
Fundraising$2K
Total functional expensesLn 25$543K

Balance Sheet

Part X · end of year
CashLn 1$191K
Total assetsLn 16$278K
Total liabilitiesLn 26$7K
Total net assetsLn 32$271K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $273K · Operating expenses/yr $543K
6.0 months
Where the money goes
Program services
Program services $512K · Total expenses $543K
94%
Management & General
Management & general $28K · Total expenses $543K
5%
Fundraising
Fundraising $2K · Total expenses $543K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $76K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $94K · Total revenue $508K
18%
Government reliance
Government grants $20K · Total revenue $508K
4%
Earned-income share
Program service revenue $379K · Total revenue $508K
75%
Investment reliance
Investment income $105 · Total revenue $508K
0%
Program self-sufficiency
Program service revenue $379K · Total expenses $543K
70%
Growth & trend
Revenue growth (YoY)
This year $508K · Prior year $173K
+193%
Revenue CAGR
FY2020 $47K · FY2024 $508K
+81%
Net-asset trend (YoY)
End of year $271K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $508K · Expenses $543K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $278K
Net-asset ratio
Net assets $271K · Total assets $278K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $82K · Total assets (Pt X, ln 16) $278K
30%
People & payroll
Highest Reported Total Compensation
Individual Drew Domoto · Reported title Director · Highest reported compensation $0 · Total expenses $543K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $543K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 5%
Fundraising cost ratio 3%
Revenue growth 193%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%
Fundraising fee ratio 0%

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 · FY2022
Total grants receivedfrom 1 funder$6K
Grants paid · 7 grants · $76K · 2020–2024
Tri-Statebuddhist TempleFY2024$15,000
Unitemized GrantFY2024$10,024
Tri-Statebuddhist TempleFY2023$15,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$5,500
Unitemized GrantFY2021$10,000
Unitemized GrantFY2020$10,000

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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)$508K revenue · viewing · ⤓ 990 PDF
FY2023$173K revenue · ⤓ 990 PDF
FY2022$128K revenue · ⤓ 990 PDF
FY2021$30K revenue · ⤓ 990 PDF
FY2020$47K 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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