Hoea The Foundation
- Assets
- $271.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4730871
Organization Overview
Hoea The Foundation is located in Honolulu, HI. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hoea The 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, Hoea The Foundation generated $42.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $44.7k during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HO'EA - THE FOUNDATION MADE A TOTAL CONTRIBUTION OR GRANT IN THE AMOUNT OF $4,750 TO TWO SCHOOLS AND A PUBLIC CHARITY IN THE YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Fujimoto President/director | 2 | $0 | |
Vaughn Victorino Treasurer/secretary/direct | 2 | $0 | |
Lynne Kaneshiro Director | 2 | $0 | |
Marie Imanaka Director | 2 | $0 | |
Jill Misawa Director | 2 | $0 | |
Ivy Nip Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,255 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,810 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,065 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,670 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,501 |
| Total expenses | $44,701 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,083 |
| Other assets | $0 |
| Total assets | $271,442 |
| Total liabilities | $0 |
| Net assets or fund balances | $271,442 |
Grants Awarded
Over the last fiscal year, Hoea The Foundation has awarded $19,731 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KENNETH AND DIANE MATSUURA FOUNDATION PURPOSE: SUPPORT | $500 |
REECE TOYAMA FOUNDATION PURPOSE: SUPPORT | $2,354 |
RESIDENTIAL YOUTH SERVICES & EMPOWERMENT PURPOSE: SUPPORT | $2,000 |
PUNAHOU SCHOOL PURPOSE: SUPPORT | $4,252 |
UNIVERSITY OF HAWAI'I FOUNDATION PURPOSE: SUPPORT | $7,481 |
HOPE SERVICES HAWAII INC PURPOSE: SUPPORT | $750 |