The Shimizu Foundation
- Assets
- $27.9k
- Revenue
- $2.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hilo, HI
- Founding
- 01/2002
- Data as of
- 12/2020
- EIN
- 91-2121211
Organization Overview
The Shimizu Foundation is located in Hilo, HI. The organization was established in 2002. 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. Shimizu 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 12/2020, Shimizu Foundation generated $2.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $4.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER 501(C)(3) ORGANIZATIONS THAT HELP NEEDY INDIVIDUALS OR FAMILIES: SALVATION ARMY - 1,000; JUNIOR ACHIEVEMENT OF ALASKA - 1,000; KAPIOLANI WOMENS & CHILDRENS HOSPITAL FOUNDATION - CHILDRENS MIRACLE NETWORK - 250; SHRINERS HOSPITAL HONOLULU - 250, ALL OF WHICH PROVIDES SERVICES IRREGARDLESS OF ABILITY TO PAY - TOTAL - 2,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn K Koshiyama MBA CPA Pres-Directo | 0.5 | $0 | |
Keith T Shimizu CPA Pfp CFP Vp-Director | 0 | $0 | |
Brandon T Shimizu Director | 0 | $0 | |
Kristen Lewis CPA Treasurer-Di | 0 | $0 | |
Erin C Weindel Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,100 |
| 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 | $2,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4 |
| Contributions, gifts, grants paid | $4,500 |
| Total expenses and disbursements | $4,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,892 |
| 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 | $27,892 |
| 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, The Shimizu Foundation has awarded $4,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS MIRACLE NETWORK PURPOSE: OTHER 501(C)3, HEALTHCARE | $500 |
SALVATION ARMY-CELEBRITY BELL-RING PURPOSE: OTHER 501(C)3, HEALTH & WELFARE | $1,000 |
SHRINERS HOSPITAL - HONOLULU PURPOSE: OTHER 501(C)3, HEALTHCARE | $500 |
DIRECT RELIEF PURPOSE: OTHER 501(C)(3) HEALTH & WELFARE | $1,000 |
JUNIOR ACHIEVEMENT OF ALASKA PURPOSE: OTHER 501(C)(3) FINANCIAL EDUCATION | $1,500 |