Nonprofit · EIN 82-2237366
BUDOKAN INC
Tax-exempt · LOS ANGELES, CA 90013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $297,000 | $1,389,646 | -$1,092,646 | $27,506,412 | $30,482,000 | -$2,975,588 |
| December 31, 2023 | 990 | $297,000 | $1,368,403 | -$1,071,403 | $28,597,344 | $30,482,000 | -$1,884,656 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $297,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,330
- Depreciation
- $908,236
- Program services (functional)
- $1,389,419
- Management and general (functional)
- $227
Balance sheet and other
- Total assets, start of year
- $28,597,344
- Total assets, end of year
- $27,506,412
- Total liabilities, end of year
- $30,482,000
- Net assets, end of year
- -$2,975,588
- Land, buildings and equipment
- $26,212,478
- Net assets without donor restrictions
- -$2,975,588
- Gross receipts
- $297,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL WATANABE | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 |
| SILVIA YOSHIMIZU | DIRECTOR Trustee or director | 1 | $0 |
| ALAN KOSAKA | TREASURER Trustee or director, Officer | 1 | $0 |
| KEITH TERASAKI | DIRECTOR Trustee or director | 1 | $0 |
| ERICH NAKANO | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL WATANABE | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 |
| SILVIA YOSHIMIZU | DIRECTOR Trustee or director | 1 | $0 |
| ALAN KOSAKA | TREASURER Trustee or director, Officer | 1 | $0 |
| KEITH TERASAKI | DIRECTOR Trustee or director | 1 | $0 |
| ERICH NAKANO | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 231 E 3RD ST STE G106, LOS ANGELES, CA 90013-1493
- In care of
- % LTSC COMMUNITY DEVELOPMENT CORP
- Principal officer (990 for 2024)
- ERICH NAKANO, 231 E THIRD STREET G-106, LOS ANGELES, CA 90013
- Signed the 990
- ERICH NAKANO, SECRETARY
- Phone
- (213) 473-3030
- Website
- WWW.TERASAKIBUDOKAN.ORG
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 82-2237366 or by the name BUDOKAN INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- BUDOKAN, INC IS A MULTIPURPOSE COMMUNITY FACILITY.Expenses $1,389,419 · revenue $297,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2237366
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $27,506,412
- Income (IRS master file)
- $297,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $297,000 | $1,389,646 | $27,506,412 | XML |
| 990 | December 2023 | $297,000 | $1,368,403 | $28,597,344 | XML |
| 990 | December 2022 | $297,000 | $1,403,156 | $29,667,033 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2237366).
Questions about BUDOKAN INC
- What is the EIN of BUDOKAN INC?
- The employer identification number (EIN) of BUDOKAN INC is 82-2237366.
- Is BUDOKAN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BUDOKAN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BUDOKAN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUDOKAN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUDOKAN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUDOKAN INC?
- The 990 for the year ended December 31, 2024 names ERICH NAKANO.
- Who are the officers and directors of BUDOKAN INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does BUDOKAN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $297,000, expenses of $1,389,646 and total assets of $27,506,412 at year end.
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