Lei Hoolaha
- Assets
- $306.9k
- Revenue
- $53.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Kamuela, HI
- Founding
- 07/2012
- Data as of
- 09/2021
- EIN
- 45-2037703
Organization Overview
Lei Hoolaha is located in Kamuela, HI. The organization was established in 2012. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lei Hoolaha 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 09/2021, Lei Hoolaha generated $53.0k 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 (12.9%) each year. All expenses for the organization totaled $88.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE EDUCATIONAL AND ECONOMIC STATUS OF NATIVE HAWAIIANS AND LOW INCOME PEOPLE BY PROVIDING EDUCATION, TRAINING AND FINANCIAL PRODUCTS TO COMMUNITY BASED ORGANIZATIONS, PUBLIC ENTITIES, AND INDIVIDUALS IN THE STATE OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEI HO'OLAHA WAS INCORPORATED UNDER THE LAWS OF THE STATE OF HAWAII IN MARCH 2011 TO IMPROVE THE EDUCATIONAL AND ECONOMIC STATUS OF NATIVE HAWAIIANS AND LOW INCOME PEOPLE BY PROVIDING EDUCATION, TRAINING, AND FINANCIAL PRODUCTS TO COMMUNITY-BASED ORGANIZATIONS IN THE STATE OF HAWAII WITH THE OVERALL GOAL OF MAKING THEM CREDITWORTHY FOR COMMERCIAL BANK FACILITIES. ITS TARGET MARKET IS NATIVE HAWAIIAN OWNED SMALL BUSINESSES AND OTHER COMMUNITY-BASED ORGANIZATIONS IN HAWAIIAN COMMUNITIES STATEWIDE. IT INTENDS FOR AT LEAST 50% OF ITS BORROWERS TO BE NATIVE HAWAIIAN-LED ORGANIZATIONS.IN FY 2021, LEI HO'OLAHA OFFERED TWO CORE LOAN PRODUCTS: WORKING CAPITAL LINES OF CREDIT AND SMALL BUSINESS LOANS, EACH PRODUCT TAILORED TO MEET THE UNIQUE CASH FLOW AND FINANCING NEEDS OF NATIVE HAWAIIAN OWNED BUSINESSES AND NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hanohano Executive Director | Officer | 10 | $16,250 |
Katie Benioni Secretary | OfficerTrustee | 1 | $1,743 |
Stephen Kaaa Chair | OfficerTrustee | 1 | $0 |
Taffi Wise Vice Chair | OfficerTrustee | 1 | $0 |
Keene Fujinaka Treasurer | OfficerTrustee | 1 | $0 |
Leeann Silva Director | Trustee | 1 | $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 | $51,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,000 |
| Total Program Service Revenue | $1,998 |
| Investment income | $0 |
| 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 | $52,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $19,735 |
| Compensation of current officers, directors, key employees. | $2,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,032 |
| Advertising and promotion | $0 |
| Office expenses | $16,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75 |
| 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 | $5,330 |
| All other expenses | $23 |
| Total functional expenses | $88,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,524 |
| 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 | $19,393 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,019 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,936 |
| Accounts payable and accrued expenses | $2,616 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $0 |
| Total liabilities | $102,616 |
| Net assets without donor restrictions | $104,320 |
| Net assets with donor restrictions | $100,000 |
| 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 | $306,936 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lei Hoolaha has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: COVID-19 GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |
Julia Burke Foundation San Francisco, CA | $10,173,958 | $4,976,202 |
Rsf Social Investment Fund Inc San Francisco, CA | $183,234,866 | $6,180,684 |
Napa Institute Support Foundation Irvine, CA | $19,458,182 | $17,196,018 |
Orange Schools Financing Corporation Orange, CA | $21,811,397 | $4,509,507 |
Herbst Foundation Inc Walnut Creek, CA | $62,095,126 | $6,418,341 |
Thornston Educational Fund Wrightwood, CA | $7,219,493 | $5,835,534 |
Hillsborough Schools Foundation Hillsborough, CA | $18,783,027 | $4,453,701 |
Community High School Foundation Inc Redwood City, CA | $49,447,352 | $3,171,594 |