Hualalai Ohana Foundation
- Assets
- $7.6m
- Revenue
- $1.7m
- Investments
- $5.1m
- Employees
- 3
- Location
- Kailuakona, HI
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 81-0570716
Organization Overview
Hualalai Ohana Foundation is located in Kailuakona, HI. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Hualalai Ohana Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hualalai Ohana 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 12/2021, Hualalai Ohana Foundation generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SCHOLARSHIPS, EDUCATIONAL OPPORTUNITIES AND MEDICAL AWARDS TO THE IMMEDIATE FAMILIES OF THE EMPLOYEES IN THE HUALALAI COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AWARDS AND PROGRAMS - IN 2021 THERE WERE 56 SCHOLARSHIPS FOR PRE-K THROUGH 12TH GRADE, 44 SCHOLARSHIPS FOR HIGHER EDUCATION, AND 46 COURSEWORK/TUTORING AWARDS. EDUCATIONAL PROGRAMS INCLUDED: IMAGINATION LIBRARY - DISTRIBUTES A NEW BOOK EACH MONTH TO CHILDREN OF HUALALAI RESORT WORKFORCE UNTIL THEIR 5TH BIRTHDAY (66 AWARDS IN 2021). HONOR ROLL - RECOGNIZES AND AWARDS HUALALAI CHILDREN IN GRADES 6-12 (86 IN 2021). WORK FOR COLLEGE MATCH - AWARDS STUDENTS FOR SUMMER EMPLOYMENT EARNINGS WITH A CASH MATCH FOR HOURS WORKED TOTALING UP TO $1,500 (30 AWARDS IN 2021). ACADEMIC MERIT AWARDS - RECOGNIZES STUDENT ACADEMIC ACHIEVEMENT WITH GOOD GRADES (26 AWARDS IN 2021). LITTLE PASSPORTS - EDUCATIONAL SUBSCRIPTION KITS FEATURING WORLD GEOGRAPHY AND CULTURE MAILED TO RECIPIENTS AGE 6-12 YEARS OLD - (8 AWARDS IN 2021). KEIKI SUMMER BOOK CHALLENGE - PROVIDED 16 AWARDS ENCOURAGING YOUNG READERS AND THEIR FAMILIES TO DEVELOP READING SKILLS AND CHILD LITERACY. TECHNOLOGY FOR EDUCATION - AWARDS GRANTED IN 2021 INCLUDED 17 AWARDS TO SUPPORT THE REMOTE LEARNING NEEDS OF FAMILIES POST-PANDEMIC AND IN SUPPORT OF PURCHASING A LAPTOP, COMPUTER, PRINTER, ROUTER OR HEADSET.
SUMMER MICROSCHOOL PILOT PROGRAM : HALAU LAMAKU AT KALAEMANO. IN JULY 2021, 36 CHILDREN PARTICIPATED IN A TWO-WEEK EDUCATIONAL SUMMER ENRICHMENT PROGRAM COORDINATED IN PARTNERSHIP WITH THE UNIVERSITY OF HAWAII 'IMILOA CENTER. LAMA SIGNIFIES "LIGHT OR "ENLIGHTENMENT"- EVOKING LEARNING, KNOWLEDGE AND UNDERSTANDING. HALAU LAMAKU HONORS THE LAMA TREE, A NATIVE DRY FOREST TREE THAT GROWS IN HAWAI'I AND NOWHERE ELSE IN THE WORLD. THIS INFORMAL SCIENCE EDUCATION PROGRAM / MICROSCHOOL OFFERED PLACE-BASED ENRICHMENT LEARNING FOR KEIKI, WELCOMING YOUNG EXPLORERS IN GRADES K-6 TO DISCOVER HAWAI'I AND STRENGTHEN THEIR CONNECTIONS TO THEIR ISLAND HOME, AND TO THE AHUPUA'A (LAND) OF KA'UPULEHU (WHERE HUALALAI RESORT IS LOCATED). EXPLORERS ENGAGED IN HANDS-ON ACTIVITIES, CRAFTS, GAMES, OUTDOOR EXPLORATION, ART AND OBSERVATION GROUNDED IN HAWAIIAN CULTURE, SCIENCE, MATH, AND ART. EXPLORERS VOYAGED FROM DEEP OCEAN TO DEEP SPACE AND EVERYTHING IN BETWEEN. THE PROGRAM WAS CUSTOM-DESIGNED TO PROVIDE SOCIAL AND ACADEMIC STIMULATION FOR LOCAL CHILDREN IN A SAFE ENVIRONMENT, INSPIRING PRIDE, CONNECTION AND RELEVANCE HERE AT HUALALAI WHERE THEIR PARENTS ARE EMPLOYED.
MEDICAL FINANCIAL ASSISTANCE AWARDS INCLUDED 166 AWARDS TO SUPPORT HEALTH AND WELL-BEING OF FAMILIES STRUGGLING WITH EMERGENT MEDICAL CRISIS AND SERIOUS MEDICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nico Verissimo Executive Director | Officer | 40 | $127,114 |
Harry Frampton Vice President | OfficerTrustee | 2 | $0 |
Maureen Kim Secretary | OfficerTrustee | 0.5 | $0 |
Paul Locklin Treasurer | OfficerTrustee | 2 | $0 |
Ed Mueller President | OfficerTrustee | 2 | $0 |
Rick Holley Medical Committee Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $185,558 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,324,320 |
| Noncash contributions included in lines 1a–1f | $39,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,509,878 |
| Total Program Service Revenue | $0 |
| Investment income | $93,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,675,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,002,356 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,114 |
| Compensation of current officers, directors, key employees. | $38,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,080 |
| Payroll taxes | $29,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,481 |
| Fees for services: Accounting | $13,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,040 |
| Advertising and promotion | $4,998 |
| Office expenses | $13,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,336 |
| Insurance | $4,185 |
| All other expenses | $6,461 |
| Total functional expenses | $1,446,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,725 |
| Savings and temporary cash investments | $1,150,085 |
| Pledges and grants receivable | $64,462 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,149,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,000 |
| Total assets | $7,629,138 |
| Accounts payable and accrued expenses | $30,772 |
| Grants payable | $103,054 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $133,826 |
| Net assets without donor restrictions | $7,495,312 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,629,138 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hualalai Ohana Foundation has recieved totaling $233,047.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $106,047 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $41,000 |
Dennis And Mireille Gillings Foundation Durham, NC PURPOSE: EDUCATIONAL AWARDS AND OPPORTUNITIES | $30,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $13,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $12,500 |
Julie Ann Wrigley Foundation Inc Seattle, WA PURPOSE: GENERAL FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $4,306,698 |
| Earnings | $818,916 |
| Net Contributions | $23,898 |
| Ending Balance | $5,149,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |