Neil & Mary Kosasa Foundation
- Assets
- $600.4k
- Revenue
- $13.7k
- Investments
- $582.0k
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 71-0908953
Organization Overview
Neil & Mary Kosasa Foundation is located in Honolulu, HI. The organization was established in 2003. 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. Neil & Mary Kosasa 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, Neil & Mary Kosasa Foundation generated $13.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $121.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac M Kosasa President, Vice President, | 0 | $0 | |
Karen E Kosasa Secretary, Director | 0 | $0 | |
Eiko Kosasa Treasurer, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,640 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $6,720 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $121,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,387 |
| 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 | $582,013 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $600,400 |
| 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 | $3 |
| Total liabilities | $3 |
Grants Awarded
Over the last fiscal year, Neil & Mary Kosasa Foundation has awarded $120,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PARKER UNITED METHODIST CHURCH PURPOSE: SUPPORT CHURCH SERVICE | $35,000 |
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: SUPPORT EDUCATION | $15,000 |
KAILUA UNITED METHODIST CHURCH PURPOSE: SUPPORT CHURCH SERVICE | $35,000 |
KAHALU'U UNITED METHODIST CHURCH PURPOSE: SUPPORT CHURCH SERVICE | $35,000 |