Mukogawa Fort Wright Institute
- Assets
- $15.6m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 127
- Location
- Spokane, WA
- Founding
- 02/1991
- Data as of
- 06/2023
- EIN
- 94-3116985
Organization Overview
Mukogawa Fort Wright Institute is located in Spokane, WA. The organization was established in 1991. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Mukogawa Fort Wright Institute employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mukogawa Fort Wright Institute 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, Mukogawa Fort Wright Institute generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $5.7m during the year ending 06/2023. While expenses have increased by 0.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN ACCREDITED WOMEN'S UNIVERSITY OFFERING HIGHER EDUCATION ESL CLASSES.
Describe the Organization's Program Activity:
AN ACCREDITED WOMEN'S UNIVERSITY OFFERING HIGHER EDUCATION ESL CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shigeru Koe Secretary/treasurer | OfficerTrustee | 2 | $0 |
Ryo Okawara President | OfficerTrustee | 2 | $0 |
Raymond Fadeley Assist. Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kazuyoshi Seguchi Director | Trustee | 2 | $0 |
Akihiro Nakahara Executive VP | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,803,248 |
| 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 | $2,803,248 |
| Total Program Service Revenue | $2,775,451 |
| Investment income | $119,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,907 |
| Net Gain/Loss on Asset Sales | $45,258 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,843,140 |
| 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 | $2,526,546 |
| Pension plan accruals and contributions | $50,713 |
| Other employee benefits | $365,626 |
| Payroll taxes | $277,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $103,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,863 |
| Advertising and promotion | $21,364 |
| Office expenses | $145,437 |
| Information technology | $10,754 |
| Royalties | $0 |
| Occupancy | $403,477 |
| Travel | $326,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,046 |
| Interest | $1,148 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526,720 |
| Insurance | $57,101 |
| All other expenses | $24,899 |
| Total functional expenses | $5,729,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,920 |
| Savings and temporary cash investments | $1,266,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,168 |
| Inventories for sale or use | $41,278 |
| Prepaid expenses and deferred charges | $18,413 |
| Net Land, buildings, and equipment | $9,013,605 |
| Investments—publicly traded securities | $4,195,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $891,488 |
| Total assets | $15,617,394 |
| Accounts payable and accrued expenses | $247,145 |
| 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 | $610,220 |
| Total liabilities | $857,365 |
| Net assets without donor restrictions | $14,760,029 |
| 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 | $15,617,394 |