Morikami Inc

Organization Overview

Morikami Inc is located in Delray Beach, FL. The organization was established in 1980. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Morikami Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morikami 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 09/2021, Morikami Inc generated $989.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $2.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND ENHANCE THE OPERATION OF THE MORIKAMI MUSEUM WHOSE PURPOSE IS TO PRESERVE AND PROVIDE EDUCATION REGARDING JAPANESE CUSTOMS AND CULTURE.

Describe the Organization's Program Activity:

EDUCATIONAL AND CULTURAL PROGRAMS REGARDING JAPANESE CULTURE ARE OFFERED TO DIFFERENT GROUPS AND INCLUDE SCHOOL FIELD TRIPS AND CLASSROOM PROGRAMS.


IMPROVEMENTS TO COUNTY-OWNED MUSEUM: THROUGH AN AGREEMENT WITH PALM BEACH COUNTY, THE MORIKAMI, INC. ASSISTS FINANCIALLY AND OPERATIONALLY WITH THE MAINTENENCE, UPKEEP, AND IMPROVEMENTS TO THE 32,000 SQ FT MUSEUM FACILITY.


SALES OF JAPANESE HOUSEHOLD ITEMS TO EDUCATE THE PUBLIC IN FURTHERANCE OF THE MUSEUMS EXEMPT PURPOSE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$682,199
Fundraising events$0
Related organizations$0
Government grants $176,180
All other contributions, gifts, grants, and similar amounts not included above$728,783
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,587,162
Total Program Service Revenue$115,200
Investment income $76,011
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $171,505
Net Gain/Loss on Asset Sales -$1,630,686
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $670,649
Miscellaneous Revenue$0
Total Revenue $989,841

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Morikami Inc has recieved totaling $49,155.

Awarding OrganizationAmount
Henri & Tomoye Takahashi Charitable Foundation

San Francisco, CA

PURPOSE: FOR TAX EXEMPT PURPOSES OF THIS ORGANIZATION

$45,500
Carl And Toby Sloane Fam Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,500
Rubens Family Foundation

Delray Beach, FL

PURPOSE: GENERAL

$1,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$655
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,555,153
Earnings$898,402
Other Expense$343,063
Ending Balance$7,110,492

Create an account to unlock the data you need.

or