TY 2023 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,911,117	1,979,581	1,979,581
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	7,389	4,537	4,537
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	2,888,778	3,011,738	4,249,342
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,807,284	4,995,856	6,233,460
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	4,807,284	4,995,856
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	4,807,284	4,995,856
	30	Total liabilities and net assets/fund balances (see instructions).	4,807,284	4,995,856

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)	(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	VARIOUS CHARLES SCHWAB #1368 S-T SALES	P	2024-01-01	2024-06-30
b	VARIOUS CHARLES SCHWAB #1368 L-T SALES	P	2023-01-01	2024-06-30
c	VARIOUS GOLDMAN SACHS #4100B S-T SALES	P	2024-01-01	2024-06-30
d	VARIOUS GOLDMAN SACHS #4100B L-T SALES	P	2023-01-01	2024-06-30
e	VARIOUS CHARLES SCHWAB #9337 S-T SALES	P	2024-01-01	2024-06-30
	VARIOUS CHARLES SCHWAB #9337 L-T SALES	P	2023-01-01	2024-06-30
	VARIOUS US BANK #2327 L-T SALES	P	2023-01-01	2024-06-30

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	26,056	56,436	-30,380
b	198,534	230,710	-32,176
c	1,060	673	387
d	123,293	6,596	116,697
e	161,302	132,735	28,567
	403,137	352,493	50,644
	18,200	10,743	7,457

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	141,196
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,852
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	2,852
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,852
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	7,389
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7	7,389
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	4,537
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax4,537	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
GEORGE SUGIMOTO	Trustee 1.00	0
418 E LIVE OAK AVENUE ARCADIA,CA91006
NATHAN SUGIMOTO	Trustee 1.00	0
418 E LIVE OAK AVENUE ARCADIA,CA91006
LISA SUGIMOTO	Executive Direc 1.00	0
418 E LIVE OAK AVENUE ARCADIA,CA91006

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			280,329
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......	21,569
b From 2019......	5,822
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........		27,391
4Qualifying distributions for 2023 from Part
XI, line 4: $ 222,752
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....			222,752
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.		27,391	27,391
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			30,186
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
METHODIST HOSPITAL FOUNDATION 300 W HUNTINGTON DR ARCADIA,CA91007	ORGANIZATION	PC	TO PROVIDE FOR NEW MEDICAL TECHNOLOGY, FIRST RATE HOSPITAL FACILITIES, AND HIGH-QUALITY, PERSONAL HEALTH CARE SERVICES	4,000
CENTER THEATRE GROUP 601 W TEMPLE STREET LOS ANGELES,CA90012	ORGANIZATION	PC	TO SERVE THE DIVERSE AUDIENCES OF LOS ANGELES BY PRODUCING AND PRESENTING THEATRE OF THE HIGHEST CALIBER, BY NURTURING NEW ARTISTS, BY ATTRACTING NEW AUDIENCES, AND BY DEVELOPING YOUTH OUTREACH AND ARTS EDUCATION PROGRAMS.	15,000
UCLA FOUNDATION 405 HILGARD AVENUE LOS ANGELES,CA90095	ORGANIZATION	PC	TO ACTIVELY PROMOTE PHILANTHROPY AND MANAGE DONATED RESOURCES FOR THE ADVANCEMENT OF UCLA.	15,000
GO FOR BROKE 367 VAN NESS WAY SUITE 611 TORRANCE,CA90501	ORGANIZATION	PC	TO EDUCATE THE PUBLIC ABOUT THE RESPONSIBILITIES, CHALLENGES AND RIGHTS OF AMERICAN CITIZENSHIP BY USING THE LIFE STORIES OF JAPANESE AMERICAN SOLDIERS OF WORLD WAR II.	15,000
AURORA FOUNDATION 3127 NICHOLS CANYON RD LOS ANGELES,CA90046	ORGANIZATION	PC	TO ASSIST U.S. CITIZENS, WHO ARE JAPANESE LANGUAGE TEACHERS OR GRADUATE STUDENTS OF JAPANESE LANGUAGE EDUCATION, TO EXPERIENCE LIVING IN JAPAN AND FURTHER THEIR UNDERSTANDING OF THE JAPANESE LANGUAGE, IMPROVE THEIR TEACHING ABILITIES, AND ENRICH THEIR APPRECIATION OF JAPANESE CULTURE.	10,000
THE RAFU SHIMPO FOUNDATION 701 EAST THIRD STREET 130 LOS ANGELES,CA90013	ORGANIZATION	PC	BENEFITING NISEI WEEK FOUNDATION, NIKKEI GAMES, MY WISH LIST FOUNDATION, THE LITTLE TOKYO HISTORICAL SOCIETY, EAST WEST PLAYERS AND ASIANS FOR MIRACLE MARROW MATCHES.	25,000
PASADENA BUDDHIST CHURCH 1993 GLEN AVENUE PASADENA,CA91103	ORGANIZATION	PC	PROVIDING RELIGEON AND RELIGEOUS EDUCATION	1,000
LITTLE TOKYO SERVICE CENTER 231 E THIRD STREET SUITE G106 LOS ANGELES,CA90013	ORGANIZATION	PC	TO SUPPORT THE BUILDING OF THE BUDOKAN OF LOS ANGELES(BOLA)	20,000
JAPANESE AMERICAN NATIONAL MUSEUM 100 NORTH CENTRAL AVENUE LOS ANGELES,CA90012	ORGANIZATION	PC	TO PROMOTE UNDERSTANDING AND APPRECIATION OF AMERICA'S ETHNIC AND CULTURAL DIVERSITY BY SHARING THE JAPANESE AMERICAN EXPERIENCE	25,000
NISEI WEEK FOUNDATION 244 S SAN PEDRO ST STE 303 LOS ANGELES,CA90012	ORGANIZATION	PC	PRODUCES THE ANNUAL FESTIVAL CELEBRATING JAPANESE AND JAPANESE AMERICAN CULTURE IN THE HISTORIC LITTLE TOKYO COMMUNITY OF LOS ANGELES	50,000
CARING SHARING OF SOUTH BAY 17821 OSAGE AVENUE TORRANCE,CA90504	ORGANIZATION	PC	TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUAL FAMILIES AND/OR CHARITABLE ORGANIZATIONS	5,000
SUBURBAN OPTIMIST CLUB FOUNDATION PO BOX 727 PLACENTIA,CA92871	ORGANIZATION	PC	PROVIDING THE YOUTH IN SOUTHERN CALIFORNIA OPPORTUNITIES TO BUILD SELF ESTEEM AND SELF CONFIDENCE	5,000
HAWAII AG CULINARY ALLIANCE 3538 WAIALAE AVENUE SUITE 202 HONOLULU,HI96816	ORGANIZATION	PC	PROVIDING CULINARY AND AGRICULTURAL RESEARCH DEVELOPMENT, TRAINING, MANAGEMENT, EDUCATION AND PUBLIC OUTREACH AND TO ENCOURAGE ENVIRONMENTAL STEWARDSHIP IN THE STATE OF HAWAII	5,000
KIZUNA 244 S SAN PEDRO SUITE 504 LOS ANGELES,CA90012	ORGANIZATION	PC	PROVIDING CULTURAL PROGRAMS TO EDUCATE, EMPOWER AND ENGAGE THE NEXT GENERATION OF COMMUNITY LEADERS	10,000
WEST COVINA BUDHIST TEMPLE 1203 W PUENTE AVENUE WEST COVINA,CA91790	ORGANIZATION	PC	SHARES TEH TEACHINGS OF BUDDHA IN ORDER THAT WE MAY AWAKEN TO OUR TRUE SELVES, LIVING OUR LIVES FULLY AND DYNAMICALLY	1,200
CREATIVE CLASS COLLECTIVE 228 E BROADWAY LONG BEACH,CA90802	ORGANIZATION	PC	PROGRAMS THAT FOCUS ON DEVELOPING CREATIVITY THROUGH COMMUNITY ENGAGEMENT AND MAKING A NEEDED IMPACT ON THE LIVES OF THOSE WORKING IN CREATIVE INDUSTRIES	10,000
ORANGE COUNTY JAPANESE AMERICAN ASS 17332 IRVINE BLVD SUITE 160 TUSTIN,CA92780	ORGANIZATION	PC	TO PROVIDE AND PROMOTE VARIOUS SOCIAL SERVICES AND JAPANESE CULTURAL ACTIVITIES IN ORANGE COUNTY THROUGH EVENTS, PROGRAMS AND SEMINARS	2,800
Total ................................. 3a				219,000

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	209,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	98,097		98,097
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		141,196
b	Gross sales price for all assets on line 6a 931,582
7	Capital gain net income (from Part IV, line 2)...			141,196
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	448,293		239,293
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	6,750	3,375	3,375
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	29,066	29,066
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,852
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	2,053	1,676	377
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	40,721		34,117	3,752
25	Contributions, gifts, grants paid.......	219,000			219,000
26	Total expenses and disbursements. Add lines 24 and 25	259,721		34,117	222,752
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	188,572
b	Net investment income (if negative, enter -0-)			205,176
c	Adjusted net income (if negative, enter -0-)...

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	98,097
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............					141,196
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				98,097	141,196

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-30,380
b			-32,176
c			387
d			116,697
e			28,567
			50,644
			7,457


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

bApproved for future payment

Total ................................. 3b

Name of organization THE SUGIMOTO FAMILY FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	GEORGE SUGIMOTO 579 LAGUNA ROAD PASADENA, CA91105	$ 189,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	LISA ANN SUGIMOTO 175 S LAKE AVE STE 404E PASADENA, CA91101	$ 20,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization THE SUGIMOTO FAMILY FOUNDATION		Employer identification number 26-3864130

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


Name of organization THE SUGIMOTO FAMILY FOUNDATION			Employer identification number 26-3864130
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Software ID:	23017517
Software Version:	2023v5.1