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Nonprofit · EIN 25-1800552

OTAKORP INC

Tax-exempt · HANOVER, MD 21076

Financials

$214K$111K2022$3.8M$3.4M2023$4.4M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of OTAKORP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,409,868$3,552,049$857,819$4,133,756$73,155$4,060,601
December 31, 2023990$3,786,249$3,427,938$358,311$3,275,104$72,322$3,202,782
December 31, 2022990$214,009$110,581$103,428$2,924,624$80,153$2,844,471
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,304
Program service revenue
$4,314,844
Investment income
$0
Net income from sales of inventory
$89,720
Other revenue
$89,720

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$109,014
Accounting fees
$5,905
Occupancy
$103,851
Travel
$331,684
Program services (functional)
$2,958,118
Management and general (functional)
$593,931

Balance sheet and other

Total assets, start of year
$3,275,104
Total assets, end of year
$4,133,756
Total liabilities, end of year
$73,155
Net assets, end of year
$4,060,601
Net assets without donor restrictions
$4,060,601
Gross receipts
$4,547,580
Employees
0
Volunteers
853
Year formed
1994
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BROOKE ZERRLAUTPRESIDENT
Trustee or director, Officer
20$0
LACEY KISHTERPRESIDENT/VP
Trustee or director, Officer
15$0
MATTHEW SMIECHOWSKITREASURER
Trustee or director, Officer
15$0
JOHN GLUTHTREASURER
Trustee or director, Officer
15$0
MICHAEL RAYESVICE PRESIDE
Trustee or director, Officer
15$0
KENNETH BRYSONCOMPTROLLER
Trustee or director, Officer
15$0
CONNOR MAC ENTEECORRESPONDIN
Trustee or director, Officer
15$0
MELANIE HARDY-SKEBERDISCORRESPONDIN
Trustee or director, Officer
15$0
RACHAEL MCCLEARYRECORDING SE
Trustee or director, Officer
10$0
MATTHEW GRAVESRECORDING SE
Trustee or director, Officer
10$0
SIMON CHAMBERSMEMBER AT LA
Trustee or director
5$0
SIMONE BLANCHATMEMBER AT LA
Trustee or director
5$0
DANIELLE RUTTERMEMBER AT LA
Trustee or director
5$0
JOSHUA CONWAYMEMBER AT LA
Trustee or director
5$0
ETHAN LINDSEYMEMBER AT LA
Trustee or director
5$0
6 more people on this return
NameTitleHours / weekCompensation
VICTORIA MACENTEEMEMBER AT LA
Trustee or director
5$0
JOEY BRUNOMEMBER AT LA
Trustee or director
5$0
EWEN CRUNKHORNMEMBER AT LA
Trustee or director
5$0
BRIAN CUTLERMEMBER AT LA
Trustee or director
5$0
JONATHAN NORIMEMBER AT LA
Trustee or director
5$0
HARSH PANDYAMEMBER AT LA
Trustee or director
5$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
BROOKE ZERRLAUTPRESIDENT
Trustee or director, Officer
20$0
LACEY KISHTERVICE PRESIDE
Trustee or director, Officer
15$0
MATT SMIECHOWSKITREASURER
Trustee or director, Officer
10$0
KEN BRYSONCOMPTROLLER
Trustee or director, Officer
10$0
MELANIE HARDYCORRESPONDIN
Trustee or director, Officer
8$0
MATTHEW GRAVESRECORDING SE
Trustee or director, Officer
15$0
SIMONE BLANCHATMEMBER AT LA
Trustee or director
5$0
BIANCA BRUNOMEMBER AT LA
Trustee or director
5$0
EWEN CRUNKHORNMEMBER AT LA
Trustee or director
5$0
BRIAN CUTLERMEMBER AT LA
Trustee or director
5$0
JONATHAN NORIMEMBER AT LA
Trustee or director
5$0
HARSH PANDYAMEMBER AT LA
Trustee or director
5$0
MIKE RAYESMEMBER AT LA
Trustee or director
5$0
990 for the year ended December 31, 2022: 14 people
NameTitleHours / weekCompensation
ROBERT BRIAN CUTLERPRESIDENT
Trustee or director, Officer
20$0
JOHN GLUTHVICE PRESIDE
Trustee or director, Officer
15$0
MATT SMIECHOWSKITREASURER
Trustee or director, Officer
10$0
JOEY BRUNOCOMPTROLLER
Trustee or director, Officer
10$0
MEL HARDYCORRESPONDIN
Trustee or director, Officer
8$0
MATTHEW GRAVESRECORDING SE
Trustee or director, Officer
10$0
SUE MONROEMEMBER AT LA
Trustee or director
5$0
LEE FENNERMEMBER AT LA
Trustee or director
5$0
SIMON CHAMBERSMEMBER AT LA
Trustee or director
10$0
SIMONE BLANCHATMEMBER AT LA
Trustee or director
5$0
KEN BRYSONMEMBER AT LA
Trustee or director
5$0
LACEY KISHTERMEMBER AT LA
Trustee or director
8$0
KIMBERLY MIRANIMEMBER AT LA
Trustee or director
5$0
BROOKE ZERRLAUTPRESIDENT
Trustee or director, Officer
20$0

Address and contacts

Address (IRS master file)
961 MERCANTILE DR STE D/E, HANOVER, MD 21076-3164
In care of
% DAVID ASHER
Principal officer (990 for 2024)
LACEY KISHTER, 961 MERCANTILE DR STE D/E, HANOVER, MD 21076
Signed the 990
JOHN GLUTH, TREASURER
Phone
(610) 577-6133
Return prepared by
DIANA M REED & ASSOCIATES PC

Mission

TO FOSTER AN AWARENESS AND PROMOTE THE APPRECIATION OF ASIAN CULTURE, PRIMARILY THROUGH ITS MEDIA AND ENTERTAINMENT AND THE ARTISTIC COMMUNITY INVOLVED IN THEIR CREATION, BY PROVIDING A FORUM FOR EXHIBITION, DISCUSSION, WORKSHOPS, AND ACTIVITIES RELATED TO THE SAME; MOREOVER TO PROVIDE AN ENVIRONMENT AND SUPPORT MECHANISM BY WHICH A SIMILAR ARTISTIC COMMUNITY CAN ARISE IN THE UNITED STATES.

990 for the year ended December 31, 2024

Program accomplishments

  • OTAKORP, INC. ORGANIZED, PRODUCED, AND PRESENTED ITS 2024 ANNUAL MEETING. THIS 3-DAY EDUCATIONAL AND IMMERSIVE FESTIVAL OF ASIAN POPULAR ARTS AND CULTURE, CALLED OTAKON, INCLUDES PANELS, LECTURES, WORKSHOPS, CONCERTS, FILM AND VIDEO PRESENTATIONS, AND LIVE APPEARANCES BY THOSE INVOLVED IN THE CREATION, PRODUCTION, AND DISTRIBUTION OF ASIAN ART AND CULTURE. WE HOSTED OVER 46,000 ATTENDEES ACROSS THE THREE DAYS OF THE 2024 EVENT. THE EVENT WAS SUPPORTED BY MORE THAN 850 VOLUNTEERS. ASIDE FROM RECORD-BREAKING ATTENDANCE NUMBERS, THE 2024 MEETING ALSO CELEBRATED THE 30TH ANNIVERSARY OF THIS EVENT. OTAKON IS ONE OF THE LARGEST EVENTS OF ITS TYPE IN THE UNITED STATES AND HAS BEEN OUR PRIMARY EVENT SINCE THE FOUNDING OF THE CORPORATION.
    Expenses $2,958,118 · revenue $4,314,844
  • OTAKORP, INC. COORDINATED WITH A NUMBER OF OTHER REGIONAL EVENTS TO CONTINUE ITS EFFORTS TO CROSS-PROMOTE INTEREST IN ASIAN CULTURE, MEDIA, AND ENTERTAINMENT IN THE UNITED STATES. EXAMPLES INCLUDE ZENKAIKON, KATSUCON, AND WASHINGTON, DC'S "SAKURA MATSURI", AN ANNUAL SPRING PROGRAM IN DOWNTOWN DC ATTRACTING OVER 5,000 PEOPLE DESIGNED TO EXPAND OUTREACH AND PROMOTE ASIAN CULTURE IN THE UNITED STATES.
  • OTAKORP, INC. CONTINUED TO DEVELOP ITS RELATIONSHIPS WITH THE EMBASSY OF THE REPUBLIC OF KOREA AND THE EMBASSY OF JAPAN IN ORDER TO CONTINUE OUR CROSS-CULTURAL MISSION. FURTHERMORE, WE FOLLOWED UP ON RECENTLY COMPLETED MEETINGS WITH REPRESENTATIVES OF BOTH JAPAN AND SOUTH KOREA'S ARTISTIC COMMUNITIES AND POPULAR ARTS INDUSTRIES TO BRING PROGRAMING, EXHIBITIONS, AND DISCUSSION OF THEIR MEDIA, ENTERTAINMENT, AND CULTURE TO OTAKON. THIS CONTINUED NETWORKING IS NECESSARY TO SUPPORT AND FOSTER SIMILAR ARTISTIC COMMUNITIES IN THE UNITED STATES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1800552
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,133,756
Income (IRS master file)
$4,547,580

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,409,868$3,552,049$4,133,756IRS
990December 2023$3,786,249$3,427,938$3,275,104XML
990December 2022$214,009$110,581$2,924,624XML
990October 2022$5,160,092$2,869,647$2,831,049IRS
990October 2021–––IRS
990October 2020–––IRS
990October 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1800552).

Questions about OTAKORP INC

What is the EIN of OTAKORP INC?
The employer identification number (EIN) of OTAKORP INC is 25-1800552.
Is OTAKORP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to OTAKORP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OTAKORP INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OTAKORP INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OTAKORP INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OTAKORP INC?
The 990 for the year ended December 31, 2024 names LACEY KISHTER.
Who are the officers and directors of OTAKORP INC?
The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
How much revenue does OTAKORP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,409,868, expenses of $3,552,049 and total assets of $4,133,756 at year end.

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