Cg Foundation
- Assets
- $1.8k
- Revenue
- $64.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kilauea, HI
- Founding
- Data as of
- 12/2022
- EIN
- 84-4662343
Organization Overview
Cg Foundation is located in Kilauea, HI. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Cg Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAJOR PROGRAM IS BUSINESS DEVELOPEMNT FOR EARLY-STAGE FOOD AND BEVERAGE COMPANIES AND IS CALLED THE INCUBATOR. COMPANIES RECEIVE 20 HOURS OF INSTRUCTION OVER A 10-WEEK PERIOD, WEEKLY ONE-TO-ONE MENTORING WITH THE PROGRAM INSTRUCTOR (10+ HOURS TOTAL), AND $10,000 IN AWARD FUNDS. ELIGIBLE COMPANIES MUST BE ESTABLISHED BUSINESSES, OPERATING IN HAWAI'I WITH LESS THAN $350,000 IN ANNUAL GROSS REVENUES. FURTHERMORE, COMPANIES MUST BE INTEGRATING LOCALLY-PRODUCED INGREDIENTS IN THEIR PRODUCTS AND SERVICES. THE PROGRAM WAS FOUNDED IN 2020 IN RESPONSE TO THE IMPACTS OF COVID-19 ON THE LOCAL SMALL BUSINESSES AND LAUNCHED WITH A COHORT OF 10 PARTICIPANTS. THE PROGRAMS MISSION IS TO SEEK LONG-TERM SOLUTIONS TO CREATE A MORE DIVERSIFIED AND RESILIENT LOCAL ECONOMY AND BOLSTER THE FOOD SUPPLY CHAIN. THE VISION IS A SUSTAINABLE LOCAL FOOD SYSTEM THAT NOURISHES OUR LAND AND OUR PEOPLE AS WELL AS PROVIDES EQUITABLE ECONOMIC DEVELOPMENT IN HAWAI'I. THE PROGRAM COLUMINATES IN A HO'IKE (S
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Meharg Treasurer | 0.25 | $0 | |
Jennifer Luck President | 0.25 | $0 | |
Sarah Wright Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,070 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $750 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,735 |
| Total operating and administrative expenses | $26,533 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $76,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,832 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,832 |
| Accounts payable and accrued expenses | $9,354 |
| 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 | $9,354 |
Grants Awarded
Over the last fiscal year, Cg Foundation has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MALIA STEWART DBA UNCLE MIKEY'S PURPOSE: STRATEGIC GROWTH | $10,000 |
WILLIAM SANCHEZ JR DBA UNCLE WILLY' PURPOSE: STRATEGIC GROWTH | $10,000 |
AMANDA ROSENTHAL DBA KAUAI FERMENTS PURPOSE: STRATEGIC GROWTH | $10,000 |
DOMINIQUE CHAMBERS DBA COZY BOWL PURPOSE: STRATEGIC GROWTH | $10,000 |
REBEKAH MAGERS DBA COMPOST KAUAI PURPOSE: STRATEGIC GROWTH | $10,000 |