Central Pacific Bank Foundation
- Assets
- $8.0m
- Revenue
- $1.7m
- Investments
- $7.5m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 39-2068708
Organization Overview
Central Pacific Bank Foundation is located in Honolulu, HI. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Pacific Bank 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, Central Pacific Bank Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Central Pacific Bank Foundation has awarded 414 individual grants totaling $6,332,847. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIZUNALOHA - ASSISTING WITH ECONOMIC RECOVERY IN HAWAII BY PROVIDING JAPANESE CONSUMERS MESSAGES OF GOODWILL DURING THE COVID-19 PANDEMIC TO HELP PROMOTE FUTURE TRAVEL TO HAWAII.
SUPPORT AFGHAN REFUGEES - ASSIST WITH EVACUATION EFFORTS OF AT-RISK PEOPLE FROM AFGHANISTAN THROUGH HUMANITARIAN PAROLE BY HELPING PAY PART OF THE FILING FEE FOR 15 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Amemiya Secretary | 40 | $150,000 | |
David Morimoto Vp, Treasurer As Of 3/8/21 | 0.25 | $0 | |
Catherine Ngo President | 2 | $0 | |
Arnold Martinez Vice President | 0.25 | $0 | |
Kimberly Haruki Vice President | 0.25 | $0 | |
Kevin Dalhstrom Vice President | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Pacific Bank | 12/30/20 | $181,111 |
Iq 360 Inc | 12/30/20 | $83,076 |
Phenomenon Marketing & Entertainment | 12/30/20 | $183,000 |
Central Pacific Bank | 12/30/20 | $0 |
Iq 360 Inc | 12/30/20 | $0 |
Phenomenon Marketing Entertainmen | 12/30/20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,519 |
| Interest on Savings | $62 |
| Dividends & Interest | $217,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,332,159 |
| Capital Gain Net Income | $1,332,159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $939 |
| Total Revenue | $1,653,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,452 |
| Total operating and administrative expenses | $426,390 |
| Contributions, gifts, grants paid | $2,176,468 |
| Total expenses and disbursements | $2,602,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,730 |
| Savings and temporary cash investments | $479,030 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,855,476 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,995,015 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Central Pacific Bank Foundation has awarded $2,326,468 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: MAJOR MEDICAL EQUIPMENT AND ENHANCED PATIENT CARE | $250,000 |
HAWAII HIGH SCHOOL ATHLETIC ASSOCIATION PURPOSE: SAVING HAWAII PUBLIC SCHOOLS SPRING ATHLETIC PROGRAMS | $200,000 |
PATSY T MINK CENTER FOR BUSINESS & LEADERSHIP PURPOSE: WOMEN ENTREPRENEURS | $126,000 |
GIRL SCOUTS OF HAWAII PURPOSE: STEM CENTER | $100,000 |
THE SALVATION ARMY PURPOSE: ADULT TREATMENT SERVICES | $100,000 |
Honolulu, HI PURPOSE: ENVIRONMENTAL AND AINA-BASED EDUCATION PROGRAMS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Pacific Bank Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Armstrong Foundation Honolulu, HI PURPOSE: CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |
Kenneth T And Eileen L Norris Foundation Long Beach, CA | $111,335,469 | $18,433,080 |
Ebay Foundation San Jose, CA | $60,566,868 | $33,616,987 |