GO FOR BROKE NATIONAL EDUCATIONAL CENTER

EIN: 954245623 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$1,550,921
Total Expenses
$1,679,318
Total Assets
$5,623,889
Net Assets
$5,141,524
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
MITCHELL MAKI
Phone
3103280907
Tax Period
2023-01-01 to 2023-12-31

GO FOR BROKE NATIONAL EDUCATIONAL CENTER, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $5.1M represent 40 months of operating reserves.

Mission

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 AMARICAN VETERANS OF JAPANESE ANCESTRY.

Program Service Accomplishments

Program 1
Expenses: $713,600 Revenue: $12,497

EXHIBITS: 1) LOCATED IN LOS ANGELES' HISTORIC LITTLE TOKYO DISTRICT, THE "DEFINING COURAGE" EXHIBIT PROVIDES A HANDS-ON, INTERACTIVE EXPERIENCE WHICH EXPLORES THE CONCEPT OF COURAGE THROUGH THE LIVES...

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EXHIBITS: 1) LOCATED IN LOS ANGELES' HISTORIC LITTLE TOKYO DISTRICT, THE "DEFINING COURAGE" EXHIBIT PROVIDES A HANDS-ON, INTERACTIVE EXPERIENCE WHICH EXPLORES THE CONCEPT OF COURAGE THROUGH THE LIVES OF YOUNG JAPANESE AMERICANS OF WWII, AND ASKS MODERN VISITORS TO ACT WITH SIMILAR COURAGE IN THEIR OWN LIVES. 2) THE "COURAGE & COMPASSION: THE SHARED JAPANESE AMERICAN WWII EXPERIENCE" TRAVELING EXHIBIT HAS PARTNERED WITH 14 COMMUNITIES ACROSS THE U.S. THE EXHIBIT CHRONICLES THE STORIES OF JAPANESE AMERICANS DURING AND IMMEDIATELY AFTER WWIII, AND HIGHLIGHTS THE BRAVERY AND EXTRAORDINARY SUPPORT OF JAPANESE AMERICANS DURING THAT TURBULENT TIME. 3) GO FOR BROKE NATIONAL EDUCATION CENTER MAINTAINS THE GO FOR BROKE MONUMENT, A STRIKING GRANITE DEDICATION TO HONOR THE 33,000 JAPANESE AMERICAN MEN AND WOMEN WHO SERVED DURING WWII.

Program 2
Expenses: $85,054

EDUCATION: WELL-REGARDED FOR ITS AUTHENTIC INFORMATION AND DOCUMENTATION, GO FOR BROKE NATIONAL EDUCATION CENTER PROVIDES A DIVERSE ARRAY OF PROGRAMS RELATED TO THE PRESERVATION AND SHARING OF THE...

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EDUCATION: WELL-REGARDED FOR ITS AUTHENTIC INFORMATION AND DOCUMENTATION, GO FOR BROKE NATIONAL EDUCATION CENTER PROVIDES A DIVERSE ARRAY OF PROGRAMS RELATED TO THE PRESERVATION AND SHARING OF THE LEGACY OF THE JAPANESE AMERICAN SOLDIERS OF WWII. PROGRAMMING INCLUDES ITS UNPARALLELED HANASHI ORAL HISTORY & SPECIAL COLLECTIONS, IN-DEPTH CURRICULUM AND DETAILED HISTORICAL CONTENT ON ITS WEBSITE AND SOCIAL MEDIA PLATFORMS. CURRENTLY, THE NATIONAL TORCHBEARER PROGRAM WHICH ENGAGES WITH YOUNG ADULTS NATIONWIDE, AND THE GO FOR BROKE JOURNALISM INSTITUTE WHICH OFFERS PROFESSIONAL MENTORSHIP TO LAUSD HIGH SCHOOL STUDENTS, OFFERS UNIQUE OPPORTUNITIES TO CONNECT WITH YOUNGER, MULTICULTURAL AUDIENCES LOCALLY AND NATIONALLY.

Program 3
Expenses: $28,518

OUTREACH: GO FOR BROKE NATIONAL EDUCATION CENTER WELCOMES THOUSANDS OF MULTIGENERATIONAL, NATIONAL AND INTERNATIONAL VISITORS ANNUALLY TO ITS EXHIBITS, THE GO FOR BROKE MONUMENT AND ALSO THROUGH ITS...

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OUTREACH: GO FOR BROKE NATIONAL EDUCATION CENTER WELCOMES THOUSANDS OF MULTIGENERATIONAL, NATIONAL AND INTERNATIONAL VISITORS ANNUALLY TO ITS EXHIBITS, THE GO FOR BROKE MONUMENT AND ALSO THROUGH ITS ONLINE PRESENCE ON YOUTUBE AND PODCASTS. THROUGHOUT THE YEAR, THE ORGANIZATION OFFERS GUIDED TOURS WITH SCHOOL AND COMMUNITY GROUPS, COLLEGE INTERNSHIPS AND COMMUNITY BASED ACTIVITIES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,555,538
Program Service Revenue $12,497
Investment Income $48,735
Other Revenue $-65,849
TOTAL REVENUE $1,550,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $922,808
Fundraising Expenses $276,120
Program Expenses $851,841
Other Expenses $756,510
TOTAL EXPENSES $1,679,318

Year-over-Year Comparison

2023 2022 Change
Revenue $1,550,921 $1,767,235 -0.1%
Expenses $1,679,318 $1,531,098 +0.1%
Net Income $-128,397 $236,137 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
19
Volunteers
70

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
6
$389,382
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCHELL MAKI PRESIDENT 40.00
Officer
$210,000 $8,083 $218,083
JANIS TANJI WONG VP OF DEVELOPMENT 40.00
Officer
$164,975 $6,324 $171,299
GEORGE HENNING CHAIR 5.00
Officer Director
$0 $0 $0
GEORGE TANAKA VICE CHAIR 5.00
Officer Director
$0 $0 $0
JEFFREY MALONEY SECRETARY 5.00
Officer Director
$0 $0 $0
DEREK IZUMO TREASURER 5.00
Officer Director
$0 $0 $0
JAIME SUGINO DIRECTOR 1.00
Director
$0 $0 $0
JUNIOR BRYANT DIRECTOR 1.00
Director
$0 $0 $0
NIKKI KODAMA DIRECTOR 1.00
Director
$0 $0 $0
DAN NISHIKAWA DIRECTOR 1.00
Director
$0 $0 $0
ROY YAMAGUCHI DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN KAGAWA DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLEE TACHIKI-CHIN DIRECTOR 1.00
Director
$0 $0 $0
EMIKO KRANZ DIRECTOR 1.00
Director
$0 $0 $0
DAVID ONO DIRECTOR 1.00
Director
$0 $0 $0
STACI TOJI DIRECTOR 1.00
Director
$0 $0 $0
MITCH NISHIMOTO DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $1,550,921 $1,679,318 $5,623,889 $-128,397
2022 $1,767,235 $1,531,098 $5,576,715 $236,137
2022 $1,730,745 $1,530,868 $5,576,714 $199,877
2021 $1,567,380 $1,436,458 $5,385,589 $130,922
2021 $1,567,380 $1,436,458 $5,385,589 $130,922
2020 $1,313,039 $1,464,406 $5,160,128 $-151,367
2019 $1,256,362 $1,885,678 $5,208,724 $-629,316
2019 $1,256,362 $1,885,678 $5,208,724 $-629,316
2018 $1,112,749 $1,799,646 $5,804,632 $-686,897
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