Hawaii Agricultural Foundation
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Honolulu, HI
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 26-0639538
Organization Overview
Hawaii Agricultural Foundation is located in Honolulu, HI. The organization was established in 2007. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Hawaii Agricultural Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Agricultural Foundation 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 12/2023, Hawaii Agricultural Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HAWAII AGRICULTURAL FOUNDATION (HAF) IS A NON-PROFIT CHARITABLE ORGANIZATION CREATED TO PROMOTE AGRICULTURE AND FARMING. THE MISSION OF HAF IS TO SUPPORT AND SUSTAIN HAWAII'S AGRICULTURAL INDUSTRY BY ADDRESSING CRITICAL NEEDS AND SERVICES OF FARMERS AND THE AGRICULTURAL INDUSTRY IN HAWAII, AND BY BETTER CONNECTING THE FARMERS WITH THE COMMUNITY AND VICE-VERSA. THIS INVOLVES EDUCATIONAL AND OUTREACH PROGRAMS IN THE COMMUNITY, AS WELL AS DIRECT MARKETING, TECHNICAL, EDUCATIONAL AND IN-THE-FIELD SUPPORT FOR FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS TO REACH OUT TO HAWAII'S YOUTH IN THE CLASSROOMS AND SCHOOLS TO EDUCATE THEM ABOUT FARMING OPERATIONS AND CAREERS, AND TO CREATE AN APPRECIATION FOR THE AGRICULTURAL INDUSTRY AT AN EARLY AGE. THIS COULD INVOLVE IN-CLASSROOM WORKSHOPS, FARM EXCURSIONS, AND THE DEVELOPMENT OF EDUCATIONAL MATERIALS. 2022 - 2023 SCHOOL YEAR: 6,000+ STUDENTS AT 115 PUBLIC/CHARTER SCHOOLS, INCLUDING 200+ PARTICIPATING TEACHERS.
FARMER ASSISTANCE PROGRAMS WILL PROVIDE DIRECT, ON-THE-GROUND SUPPORT TO HAWAII'S FARMERS BY PROVIDING ACCESS TO FARMING OPPORTUNITIES, TECHNICAL INFORMATION AND ASSISTANCE, WORKSHOPS/SEMINARS ON BUSINESS MATTERS (FINANCING, LOANS, INSURANCE, ETC.), AND MARKET DEVELOPMENT AND BRANDING, SO AS TO SUPPORT THE VIABILITY AND SUSTAINABILITY OF FARMING IN HAWAII.
OUTREACH/PUBLIC AWARENESS PROGRAMS INVOLVE EDUCATING THE GENERAL PUBLIC OR KEY SECTORS THEREOF ABOUT THE IMPORTANCE OF SUPPORTING AGRICULTURE IN HAWAII AND THE BENEFITS THAT THE AGRICULTURAL INDUSTRY PROVIDES TO OUR STATE. THIS INCLUDES OUTREACH ACTIVITIES AND EVENTS SUCH AS THE FARM FAIR, FARMERS' MARKETS, AND HAWAII FOOD & WINE FESTIVAL-SHOWCASING FARM PRODUCTS, PROMOTING THE IMPORTANCE OF LOCALLY-GROWN FOOD/FOOD SECURITY AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Okimoto Chair | OfficerTrustee | 0.5 | $0 |
Mae Nakahata Vice Chair | OfficerTrustee | 0.5 | $0 |
Meredith Ching Secretary | OfficerTrustee | 0.5 | $0 |
Susan Char Director | Trustee | 0.3 | $0 |
Russell Hata Director | Trustee | 0.3 | $0 |
Keith Horita Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $509,646 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048,731 |
| Total Program Service Revenue | $271,095 |
| Investment income | $4,725 |
| 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 | $12,760 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,339,557 |
| 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. | $172,008 |
| Compensation of current officers, directors, key employees. | $25,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,723 |
| Payroll taxes | $33,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,664 |
| Fees for services: Accounting | $61,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,400 |
| Advertising and promotion | $45,826 |
| Office expenses | $43,957 |
| Information technology | $39,566 |
| Royalties | $0 |
| Occupancy | $160,914 |
| Travel | $58,590 |
| 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 | $7,589 |
| Insurance | $1,675 |
| All other expenses | $3,848 |
| Total functional expenses | $1,242,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,024 |
| Savings and temporary cash investments | $504,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,859 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,703 |
| Total assets | $1,078,815 |
| Accounts payable and accrued expenses | $71,034 |
| Grants payable | $0 |
| Deferred revenue | $156,778 |
| 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 | $28,725 |
| Total liabilities | $256,537 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $822,278 |
| Total liabilities and net assets/fund balances | $1,078,815 |
Grants Awarded
Over the last fiscal year, Hawaii Agricultural Foundation has awarded $89,950 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SK NATURAL FARMS PURPOSE: ENABLE EMERGING/DESERVING FARMERS TO EXPAND ANDDEVELOP THIER FARM/BUSINESS. | $45,000 |
WT HARAGUCHI FARM PURPOSE: ENABLE EMERGING/DESERVING FARMERS TO EXPAND ANDDEVELOP THIER FARM/BUSINESS. | $45,000 |
MISCELLANEOUS ADJUSTMENT TO PRIOR YEAR PURPOSE: MISCELLANEOUS ADJUSTMENT TO PRIOR YEAR | -$50 |