NISEI STUDENT RELOCATION COMMEMORA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

PAUL Y WANTANABE

Phone

8605103623

Tax Period

2025-01-01 to 2025-12-31

NISEI STUDENT RELOCATION COMMEMORATIVE FUND, founded in 1980, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2025. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $245K, a strong 67% operating margin.

Mission

THE NISEI STUDENT RELOCATION COMMEMORATIVE FUND (NSRCF) IS A NON-PROFIT, CHARITABLE ORGANIZATION FOUNDED IN NEW ENGLAND THAT ANNUALLY AWARDS SCHOLARSHIPS TO STUDENTS FROM UNDERSERVED COMMUNITIES PURSUING HIGHER EDUCATION. THE NSRCF WAS ESTABLISHED IN 1980 BY SECOND GENERATION JAPANESE AMERICANS, NISEI, IN GRATITUDE TO THE NATIONAL JAPANESE AMERICAN STUDENT RELOCATION COUNCIL. THE COUNCIL MADE IT POSSIBLE FOR THE NISEI TO LEAVE THE WORLD WAR II INTERNMENT CAMPS FOR COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. THE NSRCF ENCOURAGES INTER-ETHNIC COLLABORATION AND PROMOTES PUBLIC AWARENESS AND UNDERSTANDING OF THE FORCED REMOVAL AND UNJUST IMPRISONMENT OF 120,000 PERSONS OF JAPANESE ANCESTRY DURING WORLD WAR II.

Program Service Accomplishments

Program 1

Expenses: $76,078 Revenue: $0

SINCE 1982, THE NSRCF HAS AWARDED SCHOLARSHIPS TO SOUTHEAST ASIAN HIGH SCHOOL STUDENTS IN NEED. IT IS THE ONLY PRIMARILY JAPANESE AMERICAN ALL-VOLUNTEER ORGANIZATION IN THE U.S. PROVIDING...

SINCE 1982, THE NSRCF HAS AWARDED SCHOLARSHIPS TO SOUTHEAST ASIAN HIGH SCHOOL STUDENTS IN NEED. IT IS THE ONLY PRIMARILY JAPANESE AMERICAN ALL-VOLUNTEER ORGANIZATION IN THE U.S. PROVIDING SCHOLARSHIPS TO SOUTHEAST ASIAN STUDENTS. ONE SCHOLARSHIP CEREMONY IS HELD EACH YEAR, WITH LOCAL COMMITTEES COORDINATING ALL ASPECTS OF THE AWARDS. AWARDS HAVE BEEN GIVEN TO VIETNAMESE, CAMBODIAN, AND LAOTIAN STUDENTS IN WASHINGTON, D.C., CHICAGO, HOUSTON, DENVER, SEATTLE, OAKLAND, RHODE ISLAND, MINNESOTA, AND OTHER AREAS OF THE UNITED STATES. THE SITE OF THE SCHOLARSHIP AWARDS CHANGES EACH YEAR. IN 2025, AWARDS WERE MADE IN SACRAMENTO TO 28 STUDENTS; THE AMOUNT OF EACH AWARD WAS $2,500, TOTALING $70,000.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $62,396

Program Service Revenue $0

Investment Income $305,664

Other Revenue $0

TOTAL REVENUE $368,060

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,078

Other Expenses $52,976

TOTAL EXPENSES $122,976

Year-over-Year Comparison

	2025	2024	Change
Revenue	$368,060	$460,751	-0.2%
Expenses	$122,976	$110,530	+0.1%
Net Income	$245,084	$350,221	-0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL Y WATANABE	PRESIDENT	10.00	Officer Director	$0	$0	$0
JEAN Y HIBINO	EXECUTIVE SECRETARY	10.00	Officer Director	$0	$0	$0
KESAYA E NODA	RECORDING SECRETARY	10.00	Officer Director	$0	$0	$0
STEPHEN Y HIBINO	TREASURER	10.00	Officer Director	$0	$0	$0
DR JAMES MCILWAIN	BOARD MEMBER	10.00	Director	$0	$0	$0
ALEX CHERUP	BOARD MEMBER	10.00	Director	$0	$0	$0
KEITH K SCHURICHT	BOARD MEMBER	10.00	Director	$0	$0	$0
PHITSAMAY SYCHITKOKHONG UY	BOARD MEMBER	10.00	Director	$0	$0	$0
LAURA H MISUMI	BOARD MEMBER	10.00	Director	$0	$0	$0
ELIZABETH S HIBINO	BOARD MEMBER	10.00	Director	$0	$0	$0
KENJI OKUMURA	BOARD MEMBER	10.00	Director	$0	$0	$0
TIMOTHY TOUCH	BOARD MEMBER	10.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$368,060	$122,976	$3,700,112	$245,084
2024	$460,751	$110,530	$3,210,658	$350,221
2023	$220,156	$76,502	$2,765,823	$143,654
2022	$26,312	$99,935	$2,408,650	$-73,623
2021	$483,722	$70,675	$2,886,793	$413,047
2020	$203,234	$97,432	$2,486,608	$105,802
2019	$178,071	$81,508	$2,163,834	$96,563
2018	$198,878	$82,621	$1,790,918	$116,257

NISEI STUDENT RELOCATION COMMEMORATIVE FUND