Kinaole Foundation
- Assets
- $1.3m
- Revenue
- $180.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 27-0287605
Organization Overview
Kinaole Foundation is located in Honolulu, HI. The organization was established in 2010. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinaole 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 12/2021, Kinaole Foundation generated $180.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $695.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, ADVANCE, AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE PEOPLE OF HAWAII
Describe the Organization's Program Activity:
TO PROVIDE SUPPORT OF THE LUNALILO HOME TO TAKE CARE OF THE KUPUNA WHO LIVE IN THE FACILITY
TO PROVIDE SUPPORT FOR FOR HELPING HANDS HAWAII'S HOUSING ASSISTANCE PROGRAM
TO PROVIDE SUPPORT FOR THE POHAI 'O KAMEHAMEHA'S NA KOA ALI'I SCHOLARSHIP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Jardine Jr Vice Chairman | OfficerTrustee | 10 | $0 |
Ben Bright Secretary (1/1/21-4/30/21) | OfficerTrustee | 0.5 | $0 |
Jasen Takei Treasurer (1/1/21-4/30/21) | OfficerTrustee | 10 | $0 |
John Foy Chairman (1/1/21-5/13/21) | OfficerTrustee | 0.5 | $0 |
Ka'ala Buenconsejo Secretary | OfficerTrustee | 0.5 | $0 |
Adam Zarro Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,721 |
| Total Program Service Revenue | $0 |
| Investment income | $55,375 |
| 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 | $180,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $492,924 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,937 |
| 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 | $0 |
| Insurance | $494 |
| All other expenses | -$54,389 |
| Total functional expenses | $695,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $34,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,127,172 |
| Total assets | $1,282,100 |
| Accounts payable and accrued expenses | $0 |
| 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 | $859,878 |
| Total liabilities | $859,878 |
| Net assets without donor restrictions | $422,222 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,282,100 |
Grants Awarded
Over the last fiscal year, Kinaole Foundation has awarded $170,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: TO PROVIDE SUPPORT OF THE LUNALILO HOME TO TAKE CARE OF THE KUPUNA WHO LIVE IN THE FACILITY | $100,000 |
Honolulu, HI PURPOSE: TO PROVIDE SUPPORT FOR FOR HELPING HANDS HAWAII'S HOUSING ASSISTANCE PROGRAM | $50,000 |
MAUNALUA FISHPOND HERITAGE CENTER PURPOSE: TO PROVIDE SUPPORT FOR THE PRESERVATION OF THE FISHPOND | $10,000 |
Honolulu, HI PURPOSE: TO PROVIDE SUPPORT OF THE NA KOA ALI'I SCHOLARSHIP PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kinaole Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Veterans United Foundation Columbia, MO PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accion Opportunity Fund Community Development San Jose, CA | $200,481,759 | $53,600,614 |
Mission Asset Fund San Francisco, CA | $54,523,090 | $57,826,731 |
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |
Tule River Economic Development Corporation Porterville, CA | $5,655,443 | $1,571,590 |