Hifumi Society
- Assets
- $994.2k
- Revenue
- $82.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mukilteo, WA
- Founding
- 09/1975
- Data as of
- 12/2021
- EIN
- 91-0900103
Organization Overview
Hifumi Society is located in Mukilteo, WA. The organization was established in 1975. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hifumi Society 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 12/2021, Hifumi Society generated $82.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $30.0k 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
JAPANESE AMERICAN COMMUNITY SUPPORT PROMOTE CULTURAL, EDUCATIONAL AND SOCIAL VALUES PRESERVE HERITAGE AND LEGACY, RELIGIOUS AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS- EDUCATIONAL GRANTS AND SCHOLARSHIPS TO MINORITY STUDENTS FOR ACADEMIC PROGRAMS, CULTURAL EXCHANGE, AND CULTURAL STUDIES. RELIGIOUS AWARENESS
COMMUNITY SERVICE- SUPPORT OF MEMORIAL SERVICES AND OTHER SPECIAL EVENTS IN THE COMMUNITY.
COMMUNITY SERVICE- GRANTS FOR REFURBISHMENT OF COMMUNITY FACITILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Nakagawa President | OfficerTrustee | 1 | $0 |
Thelma Yasuhara Vice President | OfficerTrustee | 1 | $0 |
Marjorie Davis Treasurer | OfficerTrustee | 1 | $0 |
Joanne Ferris Secretary | OfficerTrustee | 1 | $0 |
Marsha Beck Board Member | Trustee | 0.5 | $0 |
Riki Hashimoto Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $60,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,678 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,099 |
| Office expenses | $112 |
| Information technology | $141 |
| 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 | $784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $795 |
| All other expenses | $0 |
| Total functional expenses | $30,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,422 |
| 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 | $909,762 |
| Total assets | $994,184 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $994,184 |
| 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 | $994,184 |
Grants Awarded
Over the last fiscal year, Hifumi Society has awarded $18,932 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Spokane, WA PURPOSE: JAPANESE HERITAGE PROJECT | $10,000 |
Spokane, WA PURPOSE: EDUCATTIONAL SCHOLARSHIPS | $8,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Wesley Homes Pierce County Des Moines, WA | $105,823,745 | $1,685,200 |
Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
Retirement Community Of Fairbanks Fairbanks, AK | $25,931,909 | $2,843,131 |
Northaven Inc Seattle, WA | $5,372,025 | $2,957,212 |
Christ The King Community Outreach Tacoma, WA | $5,977,714 | $3,001,380 |
Southeast Alaska Independent Living Inc Juneau, AK | $2,403,466 | $3,080,871 |
Hilltop House Inc Seattle, WA | $9,641,333 | $2,325,535 |
North Pacific Homes Inc Gresham, OR | $10,764,437 | $2,745,999 |
Seven Oaks Community Homes Boise, ID | $1,588,392 | $3,399,335 |
Heritage Place Inc Coeur Dalene, ID | $3,203,260 | $2,100,533 |