Kinaole Foundation
- Assets
- $3.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 1
- Location
- San Antonio, TX
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 27-0287605
Organization Overview
Kinaole Foundation is located in San Antonio, TX. 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 12/2023, Kinaole Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $770.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kinaole Foundation has awarded 12 individual grants totaling $228,159. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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:
Part 3 - Line 4a
TO PROVIDE SUPPORT FOR THE POHAI 'O KAMEHAMEHA
TO PROVIDE SUPPORT FOR NATIVE HAWAIIANS THAT WANT TO PURSUE A CAREER IN SPORTS, ESPECIALLY FOOTBALL. TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO HAWAIIANS IN SUPPORT OF THEIR PASSION IN FOOTBALL TO ALLOW AN OPPORTUNITY TO CREATE A SUSTAINABLE CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tautua Reed Chairman | OfficerTrustee | 5 | $65,568 |
Myrna-Anne Wright Secretary | OfficerTrustee | 0.5 | $0 |
Christopher Bowley Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $334,600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,614 |
| Total Program Service Revenue | $56,062 |
| Investment income | $566,305 |
| 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 | $2,020,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $368,830 |
| Grants and other assistance to domestic individuals. | $39,625 |
| 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 | $59,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,243 |
| Payroll taxes | $5,067 |
| 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 | $59,606 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,364 |
| 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 | $1,398 |
| All other expenses | $0 |
| Total functional expenses | $770,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,141 |
| 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 | $484,307 |
| Notes and loans receivable | $1,168,631 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $309,060 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,622,552 |
| Total assets | $3,595,691 |
| Accounts payable and accrued expenses | $45,846 |
| 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 | $1,064,060 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,109,906 |
| Net assets without donor restrictions | $2,485,785 |
| 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 | $3,595,691 |
Grants Awarded
Over the last fiscal year, Kinaole Foundation has awarded $170,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAUNALUA FISHPOND HERITAGE CENTER PURPOSE: TO PROVIDE SUPPORT FOR THE PRESERVATION OF THE FISHPOND | $10,000 |
HELPING HANDS HAWAII PURPOSE: TO PROVIDE SUPPORT FOR FOR HELPING HANDS HAWAII'S HOUSING ASSISTANCE PROGRAM | $50,000 |
LUNALILO HOME PURPOSE: TO PROVIDE SUPPORT OF THE LUNALILO HOME TO TAKE CARE OF THE KUPUNA WHO LIVE IN THE FACILITY | $100,000 |
POHAI O KAMEHAMEHA PURPOSE: TO PROVIDE SUPPORT OF THE NA KOA ALI'I SCHOLARSHIP PROGRAM | $10,000 |