Go For Broke National Education Center
- Assets
- $5.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Los Angeles, CA
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 95-4245623
Organization Overview
Go For Broke National Education Center is located in Los Angeles, CA. The organization was established in 1990. As of 12/2021, Go For Broke National Education Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Go For Broke National Education Center 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 12/2021, Go For Broke National Education Center generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
THE MISSION OF THE GO FOR BROKE NATIONAL EDUCATION CENTER IS TO EDUCATE AND INSPIRE CHARACTER AND EQUALITY THROUGH THE VIRTUE AND VALOR OF OUR WORLD WAR II AMERICAN VETERANS OF JAPANESE ANCESTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS: 1) INTERPRETIVE CENTER - LOCATED IN THE HEART OF LOS ANGELES' LITTLE TOKYO HISTORIC DISTRICT, GO FOR BROKE NATIONAL EDUCATION CENTER'S "DEFINING COURAGE" EXHIBITION PROVIDES A HANDS-ON, EXPERIENCE-BASED APPROACH THAT ENGAGES VISITORS THROUGH PARTICIPATORY LEARNING EXPERIENCES. IT EXPLORES THE CONCEPT OF COURAGE THROUGH THE LIVES OF YOUNG JAPANESE AMERICANS OF WORLD WAR II AND TEACHES THEIR HISTORY AND ITS RELEVANCE TO OUR LIVES TODAY. TEMPORARY EXHIBITS ARE FEATURED WITHIN THE INTERPRETIVE CENTER THROUGHOUT THE YEAR AND ACT AS ADDITIONS TO THE "DEFINING COURAGE" EXHIBIT, FURTHER EMPHASIZING THE NISEI VETERAN EXPERIENCE FROM WWII. 2) TRAVELING EXHIBIT - IN JULY 2017, GO FOR BROKE NATIONAL EDUCATION CENTER LAUNCHED A TRAVELING EXHIBITION ENTITLED "COURAGE AND COMPASSION: OUR SHARED STORY OF THE JAPANESE AMERICAN WORLD WAR II EXPERIENCE," WHICH CHRONICLES THE STORIES OF JAPANESE AMERICANS DURING AND IMMEDIATELY AFTER WWII. USING IMAGES, AUDIO, AND INTERACTIVE ELEMENTS, IT PROVIDES A 360-DEGREE PERSPECTIVE OF THEIR WWII EXPERIENCE, WHILE EXPLORING ITS RELEVANCE TODAY. 3) MONUMENT - THE GO FOR BROKE MONUMENT SYMBOLIZES, AND PAYS TRIBUTE TO, THE NISEI SOLDIERS' COURAGE, HONOR, AND SACRIFICE IN THE FACE OF STRUGGLE AND RACISM AND SERVES AS A REMEMBRANCE SO THAT THESE INDIVIDUALS WILL NOT BE FORGOTTEN. TO PRESERVE THE MONUMENT FOR VISITORS AND FUTURE GENERATIONS, THE MONUMENT IS CLEANED AND POLISHED, THE SURROUNDING AREA IS LANDSCAPED, AND THE VISITOR KIOSK, LIGHTING, AND 24-HOUR VIDEO SURVEILLANCE SYSTEM ARE MAINTAINED.
EDUCATION: GO FOR BROKE NATIONAL EDUCATION CENTER OPERATES A VARIETY OF PROGRAMS RELATED TO THE PRESERVATION, PERPETUATION, AND SHARING OF THE NISEI SOLDIER LEGACY. THESE PROGRAMS INCLUDE COLLECTING ORAL HISTORIES OF JAPANESE AMERICAN VETERANS OF WORLD WAR II AND POST-WAR JAPAN OCCUPATION, INTEGRATING THOSE INTERVIEWS INTO SCHOOL LESSON PLANS, PROVIDING INTERNSHIPS FOR COLLEGE STUDENTS, DEVELOPING A COLLECTIONS MANAGEMENT SYSTEM, PRODUCING EDUCATIONAL DVDS, AND ENHANCING EDUCATIONAL RESOURCES ON ITS WEBSITE.
OUTREACH: GO FOR BROKE NATIONAL EDUCATION CENTER OFFERS SCHOOL TOURS FOR STUDENTS IN GRADES 5-12 AND PAIRS THE TOURS WITH A WORKSHOP ON ORAL HISTORIES WITH THE GOAL TO INSPIRE NEW GENERATIONS TO EMBODY THE VETERANS' VALUES OF COURAGE, EQUALITY, HUMILITY, AND PATRIOTISM. ADDITIONALLY, VOLUNTEER OPPORTUNITIES ARE OFFERED TO PEOPLE OF ALL AGES, INCLUDING STUDENTS NEEDING COMMUNITY SERVICE CREDITS.
STORE - GO FOR BROKE NATIONAL EDUCATION CENTER OFFERS LOGO MERCHANDISE, INCLUDING CLOTHING, BACKPACKS, AND MUGS. ALSO AVAILABLE ARE BOOKS, DVDS, INFANT AND TODDLER CLOTHING, AND ARTWORK MEMORIALIZING AND CELEBRATING JAPANESE AMERICAN HISTORY AND CULTURE. IN 2019, THE "CALLED TO SERVE" HELLO KITTY PLUSH WAS CREATED IN COLLABORATION WITH SANRIO TO HONOR THE LEGACY OF JAPANESE AMERICAN WOMEN WHO SERVED IN THE U.S. WOMEN'S ARMY CORPS DURING WORLD WAR II.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Maki President | Officer | 40 | $215,000 |
Janis Tanji Wong VP Of Development | Officer | 40 | $115,000 |
Derek Izumo Treasurer | OfficerTrustee | 5 | $0 |
Jeffrey Maloney Secretary | OfficerTrustee | 5 | $0 |
George Tanaka Vice Chair | OfficerTrustee | 5 | $0 |
George Henning Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Construction Grp Construction | 12/30/16 | $781,087 |
Quatrefoil Associates Inc Exhibit Design | 12/30/16 | $862,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,955 |
| Fundraising events | $424,952 |
| Related organizations | $0 |
| Government grants | $179,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,444,409 |
| Total Program Service Revenue | $0 |
| Investment income | $34,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,517 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,567,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,834 |
| Compensation of current officers, directors, key employees. | $26,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,775 |
| Pension plan accruals and contributions | $5,353 |
| Other employee benefits | $36,569 |
| Payroll taxes | $54,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,365 |
| Fees for services: Accounting | $30,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,737 |
| Fees for services: Other | $77,785 |
| Advertising and promotion | $3,316 |
| Office expenses | $1,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,673 |
| Travel | $7,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,183 |
| Insurance | $17,773 |
| All other expenses | $59,264 |
| Total functional expenses | $1,436,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,973 |
| Savings and temporary cash investments | $25,397 |
| Pledges and grants receivable | $56,335 |
| 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 | $60,380 |
| Prepaid expenses and deferred charges | $58,423 |
| Net Land, buildings, and equipment | $3,350,731 |
| Investments—publicly traded securities | $1,389,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $5,385,589 |
| Accounts payable and accrued expenses | $90,419 |
| Grants payable | $0 |
| Deferred revenue | $20,250 |
| 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 | $22,120 |
| Total liabilities | $132,789 |
| Net assets without donor restrictions | $5,034,444 |
| Net assets with donor restrictions | $218,356 |
| 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 | $5,385,589 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Go For Broke National Education Center has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Grace Nixon Foundation Walnut Creek, CA PURPOSE: GENERAL SUPPORT | $12,500 |
Hazel H Takumi Foundation Honolulu, HI PURPOSE: TO SUPPORT LEGACY OF THE 442ND. | $500 |
Endowment Analysis
| Beg. Balance | $194,215 |
| Earnings | $34,288 |
| Admin Expense | $2,158 |
| Net Contributions | $5,000 |
| Ending Balance | $231,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Museum Of Flight Foundation Seattle, WA | $316,961,475 | $40,753,721 |
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
National Association Of Music Merchants Inc Carlsbad, CA | $38,472,951 | $7,155,207 |
Seattle Opera Seattle, WA | $79,324,035 | $23,974,024 |
Kuow-Puget Sound Public Radio Seattle, WA | $17,962,877 | $19,303,443 |
The Tech Interactive San Jose, CA | $88,983,171 | $16,975,651 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |