Nisei Veterans Committee
- Assets
- $2.4m
- Revenue
- $60.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 23-7189418
Organization Overview
Nisei Veterans Committee is located in Seattle, WA. The organization was established in 1981. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nisei Veterans Committee is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 12/2021, Nisei Veterans Committee generated $60.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $145.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE AMERICAN WAY OF LIFE AS GUARANTEED AND SET FORTH BY THE CONSTITUTION OF THE UNITED STATES. TO PERPETUATE THE HISTORICAL PRESERVATION AND SHARING OF THE LEGACY OF THE NISEI VETERANS COMMITTEE AND TO CARRY ON PROGRAMS FOR PATRIOTIC, CHARITABLE AND EDUCATIONAL PURPOSES. TO PROMOTE THE SOCIAL WELFARE OF THE GENERAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS ESTABLISHED TO PERPETUATE HISTORICAL PRESERVATION OF THE NISEI VETERANS, AND TO EDUCATE AND SHARE THEIR LEGACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pentson Sugamura Jr Treasurer | OfficerTrustee | 1.5 | $0 |
Dale Kaku Vice Commander | OfficerTrustee | 1 | $0 |
Lilly Tokita Recording Secretary | OfficerTrustee | 1 | $0 |
Shizue Kaku Corresponding Secretary | OfficerTrustee | 1 | $0 |
Michael Yaguchi Commander | OfficerTrustee | 3 | $0 |
David Fukuhara Boardmember | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $585 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,581 |
| Total Program Service Revenue | $0 |
| Investment income | $8,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,925 |
| Advertising and promotion | -$225 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,455 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,813 |
| Insurance | $8,774 |
| All other expenses | $8,991 |
| Total functional expenses | $145,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,265 |
| Savings and temporary cash investments | $81,515 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,983,802 |
| Investments—publicly traded securities | $311,974 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15 |
| Total assets | $2,403,571 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,200 |
| Total liabilities | $2,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,401,371 |
| Total liabilities and net assets/fund balances | $2,403,571 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nisei Veterans Committee has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: MATCHING GIFT | $300 |
John Y And Reiko E Sato Foundation Bellevue, WA PURPOSE: CHARITY | $100 |
Endowment Analysis
| Beg. Balance | $568,662 |
| Earnings | $8,603 |
| Net Contributions | $8,030 |
| Ending Balance | $585,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Legion Lacey, WA | $2,218,551 | $1,767,008 |
Veterans Of Foreign Wars Of The United States Dept Of Washington Fife, WA | $2,208,423 | $1,076,426 |
Clark County Veterans Assistance Center Vancouver, WA | $366,662 | $1,091,448 |
United States Submarine Veterans Inc Silverdale, WA | $2,673,894 | $953,202 |
Operation Rebuild Hope North Bend, OR | $698,102 | $1,224,864 |
American Legion Anchorage, AK | $1,414,049 | $590,510 |
American Legion Vancouver, WA | $1,528,403 | $594,912 |
American Legion Anchorage, AK | $2,011,858 | $626,445 |
Wear Blue Run To Remember Tacoma, WA | $684,491 | $728,424 |
American Legion Wilsonville, OR | $1,974,526 | $663,993 |
American Legion Kodiak, AK | $959,936 | $449,683 |
American Legion Wasilla, AK | $193,423 | $496,772 |