Little Tokyo Businessmens Assoc
- Assets
- $5.1k
- Revenue
- $209.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1972
- Data as of
- 12/2023
- EIN
- 23-7211984
Organization Overview
Little Tokyo Businessmens Assoc is located in Los Angeles, CA. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Tokyo Businessmens Assoc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Little Tokyo Businessmens Assoc generated $209.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $207.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF THE LITTLE TOKYO COMMUNITY AND SHARE IT'S MULTI-FACETED CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
B.I.D. - FUNDS FOR THE BUSINESS IMPROVEMENT DISTRICT (BID) PROGRAM ARE USED FOR THE BETTERMENT OF THE LITTLE TOKYO AREA AND IT'S BUSINESSES BY PROVIDING SECURITY SERVICES, STREET MAINTENANCE AND MARKETING AND ADVERTISEMENT.
NEW YEAR'S, CHRISTMAS AND OTHER LITTLE TOKYO COMMUNITY CELEBRATIONS - TO PROMOTE BUSINESS IN THE LITTLE TOKYO COMMUNITY AND TO INCREASE AWARENESS OF THE JAPANESE CULTURE TO THE PUBLIC.
SOLUTIONS JOURNALISM NETWORK - A GRANT WAS RECEIVED TO PROVIDE FIRST PERSON ACCOUNTS OF HOW ASIAN AMERICAN-OWNED BUSINESSES ARE SURVIVING AND COPING DURING THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Okamoto Director | Trustee | 1 | $0 |
Ellen Endo Senior Vice President | OfficerTrustee | 3 | $0 |
Joanne Kumamoto Director | Trustee | 1 | $0 |
Haru Takehana Director | Trustee | 1 | $0 |
David Ikegami President | OfficerTrustee | 2 | $0 |
Paul Abe Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,700 |
| Total Program Service Revenue | $2,300 |
| Investment income | $0 |
| 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 | $209,800 |
| 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 | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $2,000 |
| Office expenses | $730 |
| Information technology | $200 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,700 |
| All other expenses | $125 |
| Total functional expenses | $207,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,138 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $5,138 |
| 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 | $16,000 |
| Other liabilities | $0 |
| Total liabilities | $16,000 |
| Net assets without donor restrictions | -$10,862 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,138 |