Olamau Foundation is located in Saint Louis, MO. The organization was established in 2013. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olamau 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, Olamau Foundation generated $590.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 66.8% each year . All expenses for the organization totaled $637.9k during the year ending 12/2023. 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
PROMOTE HAWAIIAN AND POLYNESIAN CULTURE THROUGH CANOEING AND OTHER RELATED ACTIVITIES, INCLUDING SPONSORING AMATEUR SPORTS SUCH AS SURFING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Seth Koppes President | 4 | $0 | |
Jessica Cohan Treasurer | 4 | $0 | |
Chasen Cohen Secretary | 0.25 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $590,000 |
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 | $590,000 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $160,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $609 |
Taxes | $12,076 |
Depreciation | $44,079 |
Occupancy | $181,659 |
Travel, conferences, and meetings | $1,642 |
Printing and publications | $0 |
Other expenses | $179,103 |
Total operating and administrative expenses | $599,659 |
Contributions, gifts, grants paid | $38,250 |
Total expenses and disbursements | $637,909 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,830 |
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 | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $172,387 |
Other assets | $0 |
Total assets | $184,217 |
Accounts payable and accrued expenses | $3,711 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $80,146 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $83,857 |