Los Angeles Tanabata Festival Inc
- Assets
- $38.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey Park, CA
- Founding
- 07/2015
- Data as of
- 12/2019
- EIN
- 47-3645330
Organization Overview
Los Angeles Tanabata Festival Inc is located in Monterey Park, CA. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Tanabata Festival Inc 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 12/2019, Los Angeles Tanabata Festival Inc generated $58.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $67.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TANABATA (STAR) FESTIVAL CELEBRATES ONCE A YEAR AND DECORATES STREETS WITH LARGE, COLORFUL PAPER ORNAMENT STREAMERS MADE BY JAPANESE AND JAPANESE AMERICAN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Masumi Muya Director | 3 | $0 | |
Mack Miyazaki Director | 3 | $0 | |
Gail Matsui Director | 3 | $0 | |
Steve Koyama Director | 3 | $0 | |
Yoshihito Yonezawa President | 3 | $0 | |
Brian Kito Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,494 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $67,390 |
| Total expenses | $67,390 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,384 |
| Other assets | $0 |
| Total assets | $38,384 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |
The Society For The Promotion Of Japanese Animation Corona, CA | $13,619,220 | $9,492,860 |
Community Works West Inc Oakland, CA | $4,260,482 | $3,855,581 |