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Taiji And Naoko Terasaki Family Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$4.47k (2023)

Expenses
$175k (2023)

Total Assets
$3.08M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$4,466
Expenses
$174,948
Net Income
-$179,414
Net Assets
$3,078,281
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,503
Dividends $82,539
Sales of Assets -$88,508
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $142,313
81.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,078,281
Total Liabilities $0
Net Assets $3,078,281
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$111,120
Expenses
$416,316
Net Income
-$305,196
Net Assets
$3,257,695
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $385
0.3%
Dividends $62,075
55.9%
Sales of Assets $48,660
43.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $386,500
92.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,257,695
Total Liabilities $0
Net Assets $3,257,695
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$713,436
Expenses
$426,324
Net Income
$287,112
Net Assets
$3,562,891
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $37
0.0%
Dividends $76,421
10.7%
Sales of Assets $636,978
89.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $394,700
92.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,562,891
Total Liabilities $0
Net Assets $3,562,891
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$812,948
Expenses
$1,702,779
Net Income
-$889,831
Net Assets
$3,275,778
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $464,415
57.1%
Interest Revenue $809
0.1%
Dividends $72,023
8.9%
Sales of Assets $275,701
33.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,675,854
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,275,779
Total Liabilities $1
Net Assets $3,275,778
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$462,782
Expenses
$1,827,405
Net Income
-$1,364,623
Net Assets
$4,526,696
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $649
0.1%
Dividends $124,993
27.0%
Sales of Assets $337,140
72.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,789,955
98.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,526,697
Total Liabilities $1
Net Assets $4,526,696
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$303,646
Expenses
$581,429
Net Income
-$277,783
Net Assets
$5,890,616
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,097
33.0%
Interest Revenue $0
Dividends $136,101
44.8%
Sales of Assets $67,448
22.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $540,783
93.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,890,616
Total Liabilities $0
Net Assets $5,890,616
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$145,414
Expenses
$515,679
Net Income
-$370,265
Net Assets
$6,231,764
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $132,251
90.9%
Sales of Assets $13,163
9.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $473,978
91.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,231,764
Total Liabilities $0
Net Assets $6,231,764
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$67,388
Expenses
$544,560
Net Income
-$611,948
Net Assets
$6,601,668
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $131,882
Sales of Assets -$199,270
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $483,383
88.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,601,668
Total Liabilities $0
Net Assets $6,601,668
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$692,254
Expenses
$260,833
Net Income
$431,421
Net Assets
$7,213,551
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $128,790
18.6%
Sales of Assets $563,464
81.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $215,000
82.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,213,551
Total Liabilities $0
Net Assets $7,213,551
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$212,858
Expenses
$129,052
Net Income
$83,806
Net Assets
$6,782,130
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $143,681
67.5%
Sales of Assets $69,177
32.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $115,000
89.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,782,130
Total Liabilities $0
Net Assets $6,782,130
Compensation
Key Employees and Officers Compensation Other
Taiji P Terasaki (President) $0 $0
Naoko Terasaki (Secretary) $0 $0
Devin Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,642,397
Expenses
$100,158
Net Income
$6,542,239
Net Assets
$6,698,324
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,532,000
98.3%
Interest Revenue $53
0.0%
Dividends $52,242
0.8%
Sales of Assets $58,102
0.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $100,000
99.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,698,324
Total Liabilities $0
Net Assets $6,698,324

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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