Faith C Ai Memorial Scholarship Fund Charitable Trust
- Assets
- $330.4k
- Revenue
- $37.4k
- Investments
- $314.7k
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 46-2339882
Organization Overview
Faith C Ai Memorial Scholarship Fund Charitable Trust is located in Honolulu, HI. The organization was established in 2015. 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. Faith C Ai Memorial Scholarship Fund Charitable Trust 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, Faith C Ai Memorial Scholarship Fund Charitable Trust generated $37.4k 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 (8.4%) each year. All expenses for the organization totaled $59.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Faith C Ai Memorial Scholarship Fund Charitable Trust has awarded 78 individual grants totaling $315,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Ai MA JD President/director | 10 | $575 | |
Ronald L Embry MD Vice-President/director | 10 | $1,125 | |
Selina Wong Secretary/director | 10 | $575 | |
Jeri Sato Treasurer/director | 10 | $575 | |
Pam Drymiller Director | 5 | $575 | |
Carolyn Williams Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,679 |
| Capital Gain Net Income | $18,679 |
| Net ST Capital Gain | $5,113 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,425 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,681 |
| Printing and publications | $0 |
| Other expenses | $6,080 |
| Total operating and administrative expenses | $21,803 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $59,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,183 |
| Savings and temporary cash investments | $12,497 |
| 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 | $101,115 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $330,386 |
| 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, Faith C Ai Memorial Scholarship Fund Charitable Trust has awarded $38,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
IN JI CHUN PURPOSE: HELPING CURRENT AND FUTURE TEACHERS ACHIEVE EXCELLENCE | $5,000 |
JILLIAN JACKSON PURPOSE: HELPING CURRENT AND FUTURE TEACHERS ACHIEVE EXCELLENCE | $5,000 |
JOHN CRAVALHO PURPOSE: HELPING CURRENT AND FUTURE TEACHERS ACHIEVE EXCELLENCE | $5,000 |
KAI PHUNG PURPOSE: HELPING CURRENT AND FUTURE TEACHERS ACHIEVE EXCELLENCE | $5,000 |
KINZANG DORJI PURPOSE: HELPING CURRENT AND FUTURE TEACHERS ACHIEVE EXCELLENCE | $5,000 |
MICHAELA NUESSER PURPOSE: HELPING CURRENT AND FUTURE TEACHERS ACHIEVE EXCELLENCE | $5,000 |