Kaneko is located in Omaha, NE. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Kaneko employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaneko is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Kaneko generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. 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
THERE IS NO RESTRICTION FOR CREATIVE ACTIVITY. IMAGINATION HAS COMPLETE FREEDOM. SUPPORTING AND PROMOTING FREEDOM IN CREATIVITY IS KANEKO'S MISSION. CREATIVITY BEGINS WITH AN IDEA - SEEING THINGS DIFFERENTLY. OUR PURPOSE IS EXPLORING THE CREATIVE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THE PUBLIC WITH AN AWARENESS AND APPRECIATION OF THE ARTS AND CREATIVITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephan Grot Executive Director | 40 | $125,000 | |
Jun Kaneko Director | Trustee | 5 | $0 |
Ree Kaneko Director | Trustee | 5 | $0 |
Chip James Director | Trustee | 5 | $0 |
Chris Kircher Director | Trustee | 5 | $0 |
Rod Markin Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $6,083 |
Fundraising events | $290,327 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,110,695 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,407,105 |
Total Program Service Revenue | $55,795 |
Investment income | $1,976 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $29,175 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$70,752 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$629 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,422,670 |
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. | $125,000 |
Compensation of current officers, directors, key employees. | $56,250 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $814,544 |
Pension plan accruals and contributions | $15,370 |
Other employee benefits | $106,480 |
Payroll taxes | $73,965 |
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 | $82,024 |
Advertising and promotion | $27,553 |
Office expenses | $2,067 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1 |
Travel | $24,440 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $13,584 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $200,851 |
Insurance | $23,108 |
All other expenses | $137,630 |
Total functional expenses | $2,120,862 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $292,628 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $38,616 |
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 | $44,653 |
Prepaid expenses and deferred charges | $16,166 |
Net Land, buildings, and equipment | $6,213,351 |
Investments—publicly traded securities | $4,461 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $599,373 |
Total assets | $7,209,248 |
Accounts payable and accrued expenses | $74,890 |
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 | $220,900 |
Other liabilities | $12,336 |
Total liabilities | $308,126 |
Net assets without donor restrictions | $5,657,076 |
Net assets with donor restrictions | $1,244,046 |
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 | $7,209,248 |