Mauna Foundation
- Assets
- $20.7m
- Revenue
- $561.2k
- Investments
- $19.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-4686711
Organization Overview
Mauna Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Mauna 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, Mauna Foundation generated $561.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 5 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.
Since 2020, Mauna Foundation has awarded 69 individual grants totaling $2,071,000. 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.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Local Builds | 12/30/23 | $116,086 |
Morgan Stanley | 12/30/23 | $99,060 |
Withers Bergman Llp | 12/30/23 | $68,186 |
Foundation Source | 12/30/23 | $51,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,932 |
| Dividends & Interest | $497,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,037 |
| Capital Gain Net Income | $27,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,688 |
| Total Revenue | $561,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,912 |
| Interest | $0 |
| Taxes | $17,817 |
| Depreciation | $0 |
| Occupancy | $2,441 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,268 |
| Total operating and administrative expenses | $371,872 |
| Contributions, gifts, grants paid | $1,025,000 |
| Total expenses and disbursements | $1,396,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $468,963 |
| Net Accounts receivable | $6,263 |
| 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 | $3,652,594 |
| Net Land, buildings, and equipment | $788,030 |
| Other assets | $0 |
| Total assets | $20,713,523 |
| 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, Mauna Foundation has awarded $1,025,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW WAY OF LIFE REENTRY PROJECT PURPOSE: A NEW WAY OF LIFE AND 500 BLOWS PRODUCTION JOINT VENTURE PILOT PROGRAM | $80,000 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BARN SANCTUARY PURPOSE: NEW CONSTRUCTION - FOREVER HOME | $30,000 |
CENTER FOR CARBON REMOVAL PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
GIFT OF ADOPTION FUND INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FAITH MISSION INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |