Overview
What is Otakorp Inc?
Otakorp Inc, based in Hanover, Maryland, is a nonprofit organization dedicated to fostering an appreciation of Asian culture, particularly through its media and entertainment industry. They achieve this goal by hosting events, such as their annual Otakon festival, which offers panels, lectures, workshops, concerts, and film presentations. Otakon attracts a large crowd, with 38,000 attendees in 2022, making it one of the largest events of its kind in the United States. The organization provides a platform for artists and creators involved in Asian culture, offering a space for exhibition, discussion, and workshops. Otakorp Inc maintains a strong focus on COVID-19 precautions and was welcomed by local representatives, embassies, and national organizations. The organization's primary event has been a significant part of its existence since its founding.
Official website here: www.otakorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Otakorp Inc has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 81% based primarily on its Accountability & Finance. This rating signifies a solid level of financial health and organizational effectiveness, with particular strengths in governance and transparency reflected through various policies, including conflict of interest and whistleblower protections.
The organization boasts a fully independent board, with 100% of its members being independent, which is a strong indicator of governance quality. Additionally, Otakorp has demonstrated responsible financial management, with a program expense ratio of over 71%, meaning a significant portion of its budget is directed toward its mission-related activities. The fiscal health is supported by a low liabilities-to-assets ratio of 3.17%, indicating it is effectively managing its financial obligations.
However, the summary does not provide insights into the impact of its programs or any challenges faced by the organization. While the financial metrics are strong, prospective donors may seek additional information regarding the effectiveness and reach of its initiatives to gain a complete picture of Otakorp Inc’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Otakorp Inc legitimate?
Otakorp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otakorp Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.otakorp.org
What is the mission statement of Otakorp Inc?
Otakorp Inc's mission is centered around fostering an understanding and appreciation of Asian culture, primarily through media and entertainment, and the artistic community involved in their creation. They aim to achieve this by offering a platform for exhibition, discussion, workshops, and activities related to Asian culture. Moreover, Otakorp Inc aims to establish an environment and support mechanism that encourages the emergence of a similar artistic community in the United States.
Official website here: www.otakorp.org
Who is the CEO of Otakorp Inc?
Robert Brian Cutler is the Member At La of Otakorp Inc.
Official website here: www.otakorp.org
What is the revenue of Otakorp Inc?
Otakorp Inc's revenue in 2022 was $5,160,092.
Official website here: www.otakorp.org
Who are the executives of Otakorp Inc and what are their salaries?
There 830 volunteers at Otakorp Inc.
Here are 13 key members and their salaries:
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Official website here: www.otakorp.org
Where can I find the form 990 for Otakorp Inc?
Otakorp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.otakorp.org
Learn more at the official website: www.otakorp.org
Mission Statement of Otakorp Inc
Otakorp Inc, a nonprofit organization, is committed to fostering an awareness and promoting 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 Asian culture, Otakorp Inc aims to cultivate an environment that supports the growth of a similar artistic community in the United States. The organization's mission extends beyond just promoting Asian culture; it also seeks to establish a supportive mechanism that encourages the emergence of a new artistic community in the country.
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Impact
October, 2024
Otakorp Inc significantly impacts the appreciation and awareness of Asian culture in the United States through a dynamic platform that fosters engagement with Asian media and entertainment. Its flagship event, Otakon, serves as a pivotal festival showcasing Asian popular arts and culture. By offering a blend of panels, lectures, workshops, concerts, and film presentations, Otakorp creates an immersive experience that highlights the richness of Asian artistic contributions.
In 2022, Otakon attracted an impressive 38,000 attendees over three days, marking the largest attendance in the event's history and underscoring its importance as one of the major festivals of its kind in the U.S. The positive reception from attendees and local representatives—including the Embassies of Japan and the Republic of Korea—highlights Otakorp's role in building cultural bridges and promoting dialogue within the community.
Moreover, Otakorp fosters a supportive environment for artists and creators, encouraging the development of a vibrant artistic community that celebrates Asian culture. Through its continuous efforts and dedication—demonstrated by the involvement of hundreds of volunteers—Otakorp Inc not only enhances cultural understanding but also contributes to the creative landscape within the United States, paving the way for increased representation and appreciation of Asian arts.
This information is meant to be a general summary of Otakorp Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $3,348,082
- Gross Receipts: $5,160,092
Assets and Liabilities:
- Total Assets: $2,831,049
- Total Liabilities: $90,006
- Net Assets: $2,741,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP
Revenue
$2,806,038
DEALERS ROOM SPACE
Revenue
$296,775
ARTIST ALLEY
Revenue
$106,000
MAID CAFE
Revenue
$87,657
MISCELLANEOUS
Revenue
$50,265
Organization Details
Founding Year
1994
Principal Officer
Robert Brian Cutler
Main Address
961 MERCANTILE DR STE D/E, HANOVER, MD, 21076
Website
www.otakorp.orgNTEE Category
Code: A230 - Arts
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