Nichi Bei Foundation
Nonprofit profile at a glance
- EIN
- 270700443
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2013, Form 990-T 2024
- Location
- San Francisco, CA, USA
- Phone
- 4156731009
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $990,691
- Expenses
- $975,404
- Assets
- $174,202
- Liabilities
- $10,015
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- KENJI G TAGUMA (PRESIDENT)
Highest reported compensation
- KENJI G TAGUMA (PRESIDENT): $98,326 total reported compensation
- EDITH HORNER (CHIEF FINANCIAL OFFICER): $8,468 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Connect, inform and empower the japanese american communith through the publication of nichi bei weekly and community events such as films of rembrance, tours of historic sites and other events.
What it reported doing in 2024
Host film festival, tours of historical sites, food festival and other community events for the japanese american and asian american community.
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 82
- Accountability: 57
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.2%; rating input score 81
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: $11.05 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 86.7%; rating input score 87; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 81.8%; rating input score 82; 18th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.5%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 10.9%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 13.8% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 16.4% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 81.2% of revenue deployed · 82.1% of spending went to programs
- Governance: 9 of 11 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $801K in reported program spending
- Leadership: top reported pay $98K · 8 people listed
- Consistency: 30 of 32 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 7 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.