2024-08-30T10:56:25-05:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 822237366 BUDOKAN INC BUDO 2134733030 231 E THIRD STREET G-106 LOS ANGELES CA 90013 ERICH NAKANO SECRETARY 2134733030 2024-08-29 1 0 ROBERT J DOYLE JR P02365765 3178485700 2023 2024-08-08 14:25:15Z ERICH NAKANO 231 E THIRD STREET G-106 LOS ANGELES CA 90013 297000 0 X WWW.TERASAKIBUDOKAN.ORG X 2017 CA TO PROVIDE A FACILITY IN DOWNTOWN LOS ANGELES FOR YOUTH, FAMILIES AND SENIORS THAT OFFERS SPORTS, COMMUNITY ACTIVITIES AND OPPORTUNITIES TO CONNECT VISITORS TO JAPANESE AMERICAN CULTURE AND TO A VIBRANT, SUSTAINABLE LITTLE TOKYO. 5 3 0 0 0 0 0 0 297000 297000 0 0 0 0 297000 297000 0 0 0 0 0 0 0 0 0 1403156 1368403 1403156 1368403 -1106156 -1071403 29667033 28597344 30482000 30482000 -814967 -1884656 TO PROVIDE A FACILITY IN DOWNTOWN LOS ANGELES FOR YOUTH, FAMILIES AND SENIORS THAT OFFERS SPORTS, COMMUNITY ACTIVITIES AND OPPORTUNITIES TO CONNECT VISITORS TO JAPANESE AMERICAN CULTURE AND TO A VIBRANT, SUSTAINABLE LITTLE TOKYO. 0 0 1368261 297000 BUDOKAN, INC IS A MULTIPURPOSE COMMUNITY FACILITY. 1368261 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 CA X BOMEE KIM FAIN 2134733030 231 E THIRD STREET NO G-106 LOS ANGELES CA 90013 X BILL WATANABE CHAIR OF THE BOARD 1.00 X X 0 0 0 SILVIA YOSHIMIZU DIRECTOR 1.00 X 0 0 0 ALAN KOSAKA TREASURER 1.00 X X 0 0 0 KEITH TERASAKI DIRECTOR 1.00 X 0 0 0 ERICH NAKANO SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 LEASE INCOME 531190 297000 297000 297000 297000 297000 0 0 1330 1330 90639 90639 367956 367956 908236 908236 ADMINISTRATIVE 142 142 OTHER EXPENSES 100 100 1368403 1368261 142 0 707879 544713 30064497 2979864 27956789 27084633 1002365 967998 29667033 28597344 0 0 30482000 30482000 30482000 30482000 X -814967 -1884656 -814967 -1884656 29667033 28597344 X -1071403 1714 X 0 1 X 0 0 X 49500 297000 297000 297000 297000 1237500 49500 297000 297000 297000 297000 1237500 0 44500 292000 292000 292000 292000 1212500 44500 292000 292000 292000 292000 1212500 25000 49500 297000 297000 297000 297000 1237500 0.02020 0.63530 0.00000 X 26233716 2240797 23992919 3335317 569783 2765534 495464 169284 326180 27084633 X 297000 0 297000 0 297000 1366690 0 1366690 1713 1713 1368403 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. EVEN THOUGH THE CORPORATION IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). THE CORPORATION EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN OTHER MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2023 AND 2022, THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE - ORGANIZATION COSTS FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED, READ AND UNDERSTANDS, AND HAS AGREED TO COMPLY WITH BUDOKAN, INC'S CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 BUDOKAN, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE - ORGANIZATION COSTS 1,714. LTSC COMMUNITY DEVELOPMENT CORPORATION 231 E THIRD STREET NO G-106 LOS ANGELES CA 90013 954444102 SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES CA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 LTSC COMMUNITY DEVELOPMENT CORPORATION J 297000 CASH