Laniakea Foundation
- Assets
- $2.4m
- Revenue
- $37.8k
- Investments
- $179.6k
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 30-0107896
Organization Overview
Laniakea Foundation is located in Honolulu, HI. The organization was established in 2002. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laniakea 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, Laniakea Foundation generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $25.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES TO RESTORE LANIAKEA PROPERTY. AFTERRESTORATION, FOUNDATION WILL OPERATE PROPERTY FOR EDUCATION,CULTURAL, AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Godfrey President | 2 | $0 | |
Magdalena Twigg-Smith Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,163 |
| Net Rental Income | $4,541 |
| Net Gain on Sale of Assets | $7,616 |
| Capital Gain Net Income | $7,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,266 |
| Taxes | $5,330 |
| Depreciation | $6,671 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,208 |
| Total operating and administrative expenses | $25,229 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $25,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,942 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $383,829 |
| Investments—mortgage loans | $0 |
| Investments—other | $179,604 |
| Net Land, buildings, and equipment | $1,684,663 |
| Other assets | $81,419 |
| Total assets | $2,359,457 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,590 |
| Total liabilities | $2,590 |