Empowerment Fund Of Honolulu
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $1.5m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- Data as of
- 12/2022
- EIN
- 87-3123398
Organization Overview
Empowerment Fund Of Honolulu is located in Honolulu, HI. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Empowerment Fund Of Honolulu 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, Empowerment Fund Of Honolulu generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 45.9% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MONETARY GRANTS TO ORGANIZATIONS THAT ARE EXEMPT UNDER IRC SEC. 501(C)(3)
TO PROVIDE RESOURCES TO SUPPORT THE ACTIVITIES OF ORGANIZATIONS THAT ARE EXEMPT UNDER IRC SEC. 501(C)(3)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Morita President | 0.1 | $0 | |
Noreen Sumida Secretary | 0.1 | $0 | |
Patricia Morita Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,280,870 |
| Interest on Savings | $533 |
| Dividends & Interest | $25,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,252 |
| Capital Gain Net Income | $7,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,313,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,367 |
| Total operating and administrative expenses | $15,210 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $28,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,785 |
| 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 | $1,526,009 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,902,794 |
| 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, Empowerment Fund Of Honolulu has awarded $13,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IOLANI SCHOOL PURPOSE: GENERAL GRANT | $5,000 |
NORTH SHORE EVP PURPOSE: GENERAL GRANT | $5,000 |
HUI ALOHA PURPOSE: GENERAL GRANT | $1,000 |
PUNAHOU SCHOOL PURPOSE: GENERAL GRANT | $2,000 |