Kaanapali Ocean Resort Foundation
- Assets
- $429.8k
- Revenue
- $244.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-2621803
Organization Overview
Kaanapali Ocean Resort Foundation is located in Honolulu, HI. The organization was established in 2018. According to its NTEE Classification (R60) the organization is classified as: Civil Liberties, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaanapali Ocean Resort Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Kaanapali Ocean Resort Foundation generated $244.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $246.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE KA'ANAPALI OCEAN RESORT FOUNDATION'S PRIMARY PURPOSE HAS BEEN AND WILL CONTINUE TO BE OPERATED FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE BY IMPROVING THE QUALITY OF LIFE FOR THE CITIZENS AND FAMILIES OF THE COUNTY OF MAUI, IN THE STATE OF HAWAII, BY SUPPORTING PROJECTS BENEFICIAL TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KA`ANAPALI OCEAN RESORT FOUNDATION'S PRIMARY PURPOSE HAS BEEN AND WILL CONTINUE TO BE OPERATED FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE BY IMPROVING THE QUALITY OF LIFE FOR THE CITIZENS AND FAMILIES OF THE COUNTY OF MAUI, IN THE STATE OF HAWAII, BY SUPPORTING PROJECTS BENEFICIAL TO THE COMMUNITY. CURRENTLY THE FOUNDATION'S SOLE PROGRAM IS TO PROVIDE GRANTS TO LOCAL MAUI COMMUNITY-BASED ORGANIZATIONS (NONPROFITS). IN 2023 KORF PROVIDED $200,000 TO 5 COMMUNITY GROUPS TO SUPPORT WILDFIRE RECOVERY EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Fechtig Director | OfficerTrustee | 0.75 | $0 |
Vic Henry Director | OfficerTrustee | 0.75 | $0 |
Craig Reynolds Director | OfficerTrustee | 0.75 | $0 |
Elizabeth Estes Treasurer | Officer | 0.75 | $0 |
Angela Nolan Secretary | Officer | 0.75 | $0 |
Mark Watford President | Officer | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $242,810 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,810 |
| Total Program Service Revenue | $0 |
| Investment income | $5,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $204,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,251 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,877 |
| All other expenses | $0 |
| Total functional expenses | $246,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,264 |
| Savings and temporary cash investments | $5,025 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $235,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $429,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $429,843 |
| Total liabilities and net assets/fund balances | $429,843 |
Grants Awarded
Over the last fiscal year, Kaanapali Ocean Resort Foundation has awarded $200,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MAUI FOOD BANK INC PURPOSE: TO HELP WITH THE MAUI WILDFIRE RECOVERY EFFORTS. | $40,000 |
MAUI HUMANE SOCIETY PURPOSE: TO HELP WITH THE MAUI WILDFIRE RECOVERY EFFORTS. | $40,000 |
FEED MY SHEEP INC PURPOSE: TO HELP WITH THE MAUI WILDFIRE RECOVERY EFFORTS. | $20,000 |
HAWAII COMMUNITY FOUNDATION PURPOSE: TO HELP WITH THE MAUI WILDFIRE RECOVERY EFFORTS. | $25,000 |
ILG RELIEF FUND INC PURPOSE: TO HELP WITH THE MAUI WILDFIRE RECOVERY EFFORTS. | $75,000 |