Molokai Land Trust
- Assets
- $4.3m
- Revenue
- $688.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Kaunakakai, HI
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 20-4915071
Organization Overview
Molokai Land Trust is located in Kaunakakai, HI. The organization was established in 2006. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 06/2022, Molokai Land Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molokai Land Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Molokai Land Trust generated $688.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $531.5k during the year ending 06/2022. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MOLOKA`I LAND TRUST IS TO PROTECT AND RESTORE THE LAND, NATURAL AND CULTURAL RESOURCES OF MOLOKA`I, AND TO PROMOTE, EDUCATE, AND PERPETUATE THE UNIQUE NATIVE HAWAIIAN TRADITIONS AND CHARACTER OF THE ISLAND FOR THE BENEFIT OF THE FUTURE GENERATIONS OF MOLOKA`I, PARTICULARLY NATIVE HAWAIIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOLOKA`I LAND TRUST EXISTS TO PROTECT AND RESTORE THE LAND, NATURAL, AND CULTURAL RESOURCES OF MOLOKA`I AND TO PERPETUATE THE UNIQUE NATIVE HAWAIIAN TRADITIONS AND CHARACTER OF THE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Cooke III President | OfficerTrustee | 1.5 | $0 |
Jason Gamiao Vice-Preside | OfficerTrustee | 1.5 | $0 |
Cheryl Corbiell Secretary | OfficerTrustee | 1.5 | $0 |
Nadine Akiona Treasurer | OfficerTrustee | 1.5 | $0 |
Opuulani Albino Director | Trustee | 1.5 | $0 |
Davianna Mcgregor Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,001 |
| Government grants | $180,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,719 |
| Total Program Service Revenue | $0 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $688,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,506 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,433 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,742 |
| Fees for services: Accounting | $17,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,963 |
| Advertising and promotion | $0 |
| Office expenses | $2,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,339 |
| Travel | $832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,463 |
| Insurance | $20,664 |
| All other expenses | $0 |
| Total functional expenses | $531,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,494 |
| Savings and temporary cash investments | $61,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,460 |
| Net Land, buildings, and equipment | $3,736,459 |
| Investments—publicly traded securities | $112,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,661 |
| Total assets | $4,260,413 |
| Accounts payable and accrued expenses | $9,778 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,778 |
| Net assets without donor restrictions | $996,382 |
| Net assets with donor restrictions | $3,254,253 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,260,413 |