Ko Olina Charities
- Assets
- $779.2k
- Revenue
- $35.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 45-0499264
Organization Overview
Ko Olina Charities is located in Honolulu, HI. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ko Olina Charities 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, Ko Olina Charities generated $35.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $39.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 5 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
FUNDED THE ANNUAL THANKSGIVING OUTREACH PROGRAM, AND BY WORKING WITH LOCAL CHURCHES, ESTABLISHED A THANKSGIVING MEAL PROGRAM IN THE STATE OF HAWAII.
THROUGH THE HO'OKIPA I PO'OKELA PROGRAM, THE KO OLINA GOLF CLUB ASSISTS ELEMENTARY, INTERMEDIATE, AND HIGH SCHOOLS IN THE NANAKULI SCHOOL DISTRICT WITH THE DEVELOPMENT OF A COMPETITIVE GOLF PROGRAM FOR THEIR STUDENTS. THE KO OLINA GOLF CLUB PROVIDES EQUIPMENT, ONSITE INSTRUCTION AND COACHING FROM THEIR STAFF OF PGA GOLF PROFESSIONALS. ANY CHARITABLE DONATIONS FOR THE PROGRAM ARE DIRECTED TO KO OLINA CHARITIES, A FEDERAL TAX 501(C)(3) ORGANIZATION.THE PURPOSE OF THE HO'OKIPA I PO'OKELA PROGRAM IS TO PROVIDE STUDENTS IN THE NANAKULI SCHOOL DISTRICT WITH THE OPPORTUNITY TO LEARN AND PLAY THE GAME OF GOLF, WHILE HELPING TO BUILD AND PROMOTE LIFE SKILLS AND VALUES FOR POSITIVE CHARACTER DEVELOPMENT.OUR GOAL IS TO PROVIDE AN OPPORTUNITY FOR GRADUATING SENIORS TO EARN COLLEGE SCHOLARSHIPS TO BE ABLE TO CONTINUE THEIR EDUCATION. WE HOPE THAT THE SKILLS LEARNED WILL ULTIMATELY HELP THEM LIVE PRODUCTIVE LIVES AND BECOME VALUABLE MEMBERS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Stone Director/president | 0.1 | $0 | |
Kenneth Williams Director/secretary | 0.1 | $0 | |
Kendall Kim Director/treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,983 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,357 |
| Total operating and administrative expenses | $28,211 |
| Contributions, gifts, grants paid | $11,650 |
| Total expenses and disbursements | $39,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,172 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $779,172 |
| Accounts payable and accrued expenses | $22,949 |
| 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 | $22,949 |
Grants Awarded
Over the last fiscal year, Ko Olina Charities has awarded $11,650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION PURPOSE: TO SUPPORT CHARITABLE SERVICES INCLUDING: PHILANTHROPIC CONSULTING SERVICES, REFERRALS, GIVING VEHICLE OPTIONS, RESEARCH ON COMMUNITY ISSUES, AND FLEXIBLE/LOW-COST WAYS TO MAKE GIFTS THAT BENEFIT THE COMMUNITY. | $5,500 |
KO OLINA RESORT OPERATORS ASSOCIATION INC PURPOSE: KO OLINA CHARITIES COLLECTED CONTRIBUTIONS ON BEHALF OF KO OLINA RESORT OPERATORS ASSOCIATION, INC FOR THE 2023 ANNUAL KO OLINA CHILDREN'S FESTIVAL EVENT. FUNDS RAISED BY THE KO OLINA CHILDREN'S FESTIVAL IS 100% DONATED TO THE KAPIOLANI MEDICAL CENTER FOR WOMEN & CHILDREN, WHICH IS A 501(C)(3) NOT-FOR-PROFIT MEDICAL CENTER IN HAWAII. KO OLINA RESORT OPERATORS ASSOCIATION, INC CONTRIBUTED THE FUNDS RECEIVED FROM KO OLINA CHARITIES DIRECTLY TO KAPIOLANI MEDICAL CENTER FOR WOMEN & CHILDREN. | $6,150 |