Public Schools Of Hawaii Foundation
- Assets
- $3.5m
- Revenue
- $251.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 88-0243449
Organization Overview
Public Schools Of Hawaii Foundation is located in Honolulu, HI. The organization was established in 1987. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Public Schools Of Hawaii 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, Public Schools Of Hawaii Foundation generated $251.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $237.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Public Schools Of Hawaii Foundation has awarded 71 individual grants totaling $1,327,830. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING THE QUALITY OF PUBLIC EDUCATION IN HAWAII BY INNOVATION FROM WITHIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF VARIOUS PROGRAMS AND AWARDS FOR THE IMPROVEMENT OF PUBLIC EDUCATION.
GOOD IDEA GRANT PROGRAM - ENHANCE INNOVATION IN THE CLASSROOM AND CHALLENGE TEACHERS TO THINK CREATIVELY AND BOLDLY. MINI-GRANTS PROVIDE THE NEEDED FINANCIAL RESOURCES NOT AVAILABLE THROUGH USUAL GOVERNMENT CHANNELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chen Tan Yan Trustee | Trustee | 1 | $0 |
Chun Daniel Trustee | Trustee | 1 | $0 |
Fujimura Guy Trustee | Trustee | 1 | $0 |
Inouye Marc Trustee | Trustee | 1 | $0 |
Kawano Nolan Trustee | Trustee | 1 | $0 |
Kitajima Ian Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,104 |
| Total Program Service Revenue | $1,637 |
| Investment income | $118,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,239 |
| Net Income from Fundraising Events | $6,991 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,372 |
| Grants and other assistance to domestic individuals. | $55,692 |
| 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 | $45,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,424 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $520 |
| 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 | $1,309 |
| All other expenses | $2,044 |
| Total functional expenses | $237,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,418 |
| Savings and temporary cash investments | $303,934 |
| 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 | $2,773,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,518,765 |
| 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 | $3,518,765 |
| Total liabilities and net assets/fund balances | $3,518,765 |
Grants Awarded
Over the last fiscal year, Public Schools Of Hawaii Foundation has awarded $89,479 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KUPU PURPOSE: ENVIRONMENTAL EDUCAT | $8,500 |
HONOLULU STAR ADVISER PURPOSE: NEWSPAPERS IN EDUC | $25,199 |
OCEANIT REASEARCH FOUNDATION PURPOSE: LEADERSHIP TRAINING | $37,330 |
KAISER PURPOSE: WORKSHOP BOOT-CAMP | $12,000 |
IOLANI SCHOOL PURPOSE: LAB EQUIPMENT | $6,450 |