Nakasone Family Foundation

Salt Lake Cty, UT
Tax-exempt since May 2002
EIN: 75-3014409

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Type of Nonprofit

Designated as a 501(c)(3) 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$203k (2024)

Expenses

$136k (2024)

Total Assets

$1.53M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$203,406

Expenses

$136,458

Net Income

$66,948

Net Assets

$1,525,739

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,027	1.0%
Dividends	$62,984	31.0%
Sales of Assets	$137,099	67.4%
Other Income	$1,296	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,687	94.3%
Compensation of Officers*	$21,462	15.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,525,739
Total Liabilities	$0
Net Assets	$1,525,739

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$21,462	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Sept. 3, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$97,628

Expenses

$159,965

Net Income

-$62,337

Net Assets

$1,458,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,344	1.4%
Dividends	$57,002	58.4%
Sales of Assets	$36,769	37.7%
Other Income	$2,513	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$152,521	95.3%
Compensation of Officers*	$18,594	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,458,791
Total Liabilities	$0
Net Assets	$1,458,791

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$18,594	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$59,903

Expenses

$148,813

Net Income

-$88,910

Net Assets

$1,521,128

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$435	0.7%
Dividends	$55,215	92.2%
Sales of Assets	$1,002	1.7%
Other Income	$3,251	5.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,598	93.8%
Compensation of Officers*	$17,961	12.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,521,128
Total Liabilities	$0
Net Assets	$1,521,128

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$17,961	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$160,591

Expenses

$178,113

Net Income

-$17,522

Net Assets

$1,610,038

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.0%
Dividends	$47,527	29.6%
Sales of Assets	$106,720	66.5%
Other Income	$6,321	3.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,466	93.5%
Compensation of Officers*	$23,499	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,610,038
Total Liabilities	$0
Net Assets	$1,610,038

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$23,499	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$104,290

Expenses

$147,566

Net Income

-$43,276

Net Assets

$1,627,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$130	0.1%
Dividends	$56,874	54.5%
Sales of Assets	$40,683	39.0%
Other Income	$6,603	6.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,400	91.8%
Compensation of Officers*	$19,759	13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,627,560
Total Liabilities	$1
Net Assets	$1,627,559

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$19,759	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$100,194

Expenses

$153,671

Net Income

-$53,477

Net Assets

$1,670,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$613	0.6%
Dividends	$59,730	59.6%
Sales of Assets	$31,130	31.1%
Other Income	$8,721	8.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,361	91.3%
Compensation of Officers*	$20,033	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,670,836
Total Liabilities	$1
Net Assets	$1,670,835

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$20,033	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$67,475

Expenses

$144,956

Net Income

-$77,481

Net Assets

$1,724,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,713	2.5%
Dividends	$55,220	81.8%
Sales of Assets	$2,187	3.2%
Other Income	$8,355	12.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,917	90.3%
Compensation of Officers*	$18,690	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,724,313
Total Liabilities	$0
Net Assets	$1,724,313

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$18,690	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$85,503

Expenses

$152,607

Net Income

-$67,104

Net Assets

$1,801,794

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$523	0.6%
Dividends	$48,490	56.7%
Sales of Assets	$24,923	29.1%
Other Income	$11,567	13.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$138,295	90.6%
Compensation of Officers*	$20,184	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,801,794
Total Liabilities	$0
Net Assets	$1,801,794

Compensation

Key Employees and Officers	Compensation	Other
Reed W Topham (Secretary)	$20,184	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Anna N Topham (Treasurer/Di)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$74,245

Expenses

$138,142

Net Income

-$63,897

Net Assets

$1,868,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$90	0.1%
Dividends	$52,361	70.5%
Sales of Assets	$6,255	8.4%
Other Income	$15,539	20.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,470	82.9%
Compensation of Officers*	$9,000	6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,898,550
Total Liabilities	$29,652
Net Assets	$1,868,898

Compensation

Key Employees and Officers	Compensation	Other
Anna N Topham (Treasurer/Di)	$9,000	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0
Reed W Topham (Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$517,551

Expenses

$163,373

Net Income

$354,178

Net Assets

$1,932,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$247	0.0%
Dividends	$48,229	9.3%
Sales of Assets	$483,595	93.4%
Other Income	-$14,520

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$127,596	78.1%
Compensation of Officers*	$9,000	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,938,851
Total Liabilities	$6,056
Net Assets	$1,932,795

Compensation

Key Employees and Officers	Compensation	Other
Anna N Topham (Treasurer/Di)	$9,000	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0
Reed W Topham (Secretary)	$0	$0

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990-PF

Filed on Nov. 1, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$286,903

Expenses

$144,906

Net Income

$141,997

Net Assets

$1,578,617

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$95	0.0%
Dividends	$37,191	13.0%
Sales of Assets	$264,352	92.1%
Other Income	-$14,735

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,385	80.3%
Compensation of Officers*	$9,000	6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,617,813
Total Liabilities	$39,196
Net Assets	$1,578,617

Compensation

Key Employees and Officers	Compensation	Other
Anna N Topham (Treasurer/Di)	$9,000	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0
Reed W Topham (Secretary)	$0	$0

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990-PF

Filed on Nov. 12, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$74,491

Expenses

$102,056

Net Income

-$27,565

Net Assets

$1,436,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$613	0.8%
Dividends	$35,152	47.2%
Sales of Assets	$50,955	68.4%
Other Income	-$12,229

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,334	75.8%
Compensation of Officers*	$9,000	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,436,620
Total Liabilities	$0
Net Assets	$1,436,620

Compensation

Key Employees and Officers	Compensation	Other
Anna N Topham (Treasurer/Di)	$9,000	$0
Robert C Nakasone (Pres/Direct)	$0	$0
Mary Lynn Nakasone (Vp/Director)	$0	$0
Robert T Nakasone (Director)	$0	$0
Sarah N Nakasone (Director)	$0	$0
Thomas A Nakasone (Director)	$0	$0
Reed W Topham (Secretary)	$0	$0

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990-PF

Filed on Nov. 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$129,205

Expenses

$113,437

Net Income

$15,768

Net Assets

$1,464,184

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$280	0.2%
Dividends	$42,800	33.1%
Sales of Assets	$97,399	75.4%
Other Income	-$11,274

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,393	78.8%
Compensation of Officers*	$8,500	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,464,185
Total Liabilities	$1
Net Assets	$1,464,184

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$70,411

Expenses

$127,652

Net Income

-$57,241

Net Assets

$1,448,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$510	0.7%
Dividends	$35,401	50.3%
Sales of Assets	$43,937	62.4%
Other Income	-$9,437

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,933	82.2%
Compensation of Officers*	$8,500	6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,448,417
Total Liabilities	$1
Net Assets	$1,448,416

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Nakasone Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $203k (2024)

Expenses $136k (2024)

Total Assets $1.53M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$203k (2024)

Expenses

$136k (2024)

Total Assets

$1.53M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2002