Alma Jean Foundation
- Assets
- $104.8k
- Revenue
- $11.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Waianae, HI
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-4160831
Organization Overview
Alma Jean Foundation is located in Waianae, HI. The organization was established in 2020. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alma Jean 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 12/2022, Alma Jean Foundation generated $11.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $22.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ALMA JEAN FOUNDATION'S MISSION IS TO ADDRESS, EDUCATE, COORDINATE, AND PROVIDE RESOURCES TO PROMOTE THE IMPORTANCE OF ACADEMICS, LEADERSHIP, MENTORSHIP, AND ATHLETICS ON A LOCAL AND STATEWIDE LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY YEAR, THE ALMA JEAN FOUNDATION WILL AWARD SCHOLARSHIPS TO STUDENTS WHO APPLY AND MEET THE NECESSARY REQUIREMENTS AND CRITERIA FOR SELECTION. THERE WILL BE REQUIREMENTS OF COMMUNITY INVOLVEMENT AND LEADERSHIP EFFORTS. SCHOLARSHIP AWARD AMOUNTS WILL BE BASED ON PARTICIPATION IN VARIOUS EVENTS THROUGHOUT THE SCHOLARS 4 YEARS OF HIGH SCHOOL. ALSO, THE SELECTION PROCESS WILL BE BASED ON INTEREST IN THE SCHOLARSHIP, LEADERSHIP QUALITIES ,ACADEMIC SCORES, AND A WRITTEN ESSAY. A SCHOLARSHIP REVIEW TEAM WILL BE FORMULATED TO EVALUATE EACH STUDENT APPLICANT AND SCHOLARSHIP AWARDS WILL BE BASED ON FUNDS BUDGETED FOR THE YEAR.
THROUGHOUT THE YEAR, SPORTS CLINICS WILL BE PUT ON FOR CHILDREN AND YOUNG ADULTS FROM THE COMMUNITY WHO EXPRESS INTEREST IN PHYSICAL FITNESS AND SPORTS. THE AJF WILL FEATURE COLLEGE AND PROFESSIONAL PLAYERS TO GO THROUGH DRILLS FOR FITNESS, AGILITY, AND SPEED. ATTENDEES WILL BE SPLIT UP INTO GROUPS AND THEY WILL HAVE A CLASSROOM, FIELD TIME, AND ALSO WEIGHT ROOM TRAINING TIPS AND ADVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nalani Kay Vice-Preside | Officer | 1 | $0 |
Cameron-Tiare Peterson Secretary | Officer | 1 | $0 |
Joy K Peterson President | Officer | 1 | $0 |
Ricky Takemoto Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,680 |
| Noncash contributions included in lines 1a–1f | $11,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,680 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $355 |
| Office expenses | $4,026 |
| 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 | $11,680 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,570 |
| Savings and temporary cash investments | $0 |
| 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 | $47,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,820 |
| 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 | $104,820 |
| 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 | $104,820 |