Kurosawa Piano Music Foundation

Nonprofit profile at a glance

EIN
261717730
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Laguna Woods, CA, USA
Phone
4084970257
Rating
34
Verdict
REVIEW
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$500
Expenses
$1,212
Assets
$541
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Alex Kurosawa (President and Secretary)

People named in this filing

  • Alex Kurosawa (President and Secretary)
  • Yoko Kurosawa (Treasury)
  • Sondra Clark (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide children of age 5 to 18 with piano ensemble learning and listening opportunities as well as performing opportunities, and inspire the community with the transforming beauty of piano ensemble music.

What it reported doing in 2024

Relocating the headquarters from San Jose, CA to Irvine, CA, we are developing a network of resources for our operations, including but not limited to; professional multi-piano performers, piano ensemble teachers, performing arts venues, music school relations, music media persons, volunteers, and so on. Based on the resources and networks we could develop, we are reassessing the alternative way of supporting the public.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 25
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -142.4%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -16.3% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -31.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -6.5% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.