J Watumull Fund
- Assets
- $10.7m
- Revenue
- $502.9k
- Investments
- $10.5m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 12/1976
- Data as of
- 12/2022
- EIN
- 51-0205431
Organization Overview
J Watumull Fund is located in Honolulu, HI. The organization was established in 1976. 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. J Watumull Fund 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 12/2022, J Watumull Fund generated $502.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $774.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, J Watumull Fund has awarded 906 individual grants totaling $2,468,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ONLY MADE CONTRIBUTIONS TO OTHER EXEMPT ORGANIZATIONS CLASSIFIED AS PUBLIC CHARITIES OR SCHOOLS. REFER TO THE ATTACHED SCHEDULE OF CONTRIBUTIONS PAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaidev Watumull Sect/treas | 0 | $0 | |
Vikram Watumull Vice Preside | 0 | $0 | |
Jyoti Watumull President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,353 |
| Dividends & Interest | $306,995 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,067 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $526 |
| Total Revenue | $502,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $83,876 |
| Contributions, gifts, grants paid | $691,000 |
| Total expenses and disbursements | $774,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $228,078 |
| 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 | $856,548 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,719,502 |
| 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, J Watumull Fund has awarded $691,000 in support to 242 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER SCHOOL ALL STARS PURPOSE: GENERAL | $2,000 |
ALOHA MEDICAL MISSIION PURPOSE: GENERAL | $1,000 |
ASSETS SCHOOL PURPOSE: GENERAL | $1,000 |
AUW PURPOSE: GENERAL | $10,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL | $2,000 |
BOY SCOUTS OF AMERICA ALOHA COUNCIL PURPOSE: GENERAL | $1,000 |