Shiraki Memorial Foundation
- Assets
- $3.3m
- Revenue
- $331.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 94-3274547
Organization Overview
Shiraki Memorial Foundation is located in Honolulu, HI. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Shiraki Memorial 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, Shiraki Memorial Foundation generated $331.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $406.5k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shiraki Memorial Foundation has awarded 33 individual grants totaling $601,511. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL AID TO HAWAII STUDENTS AT BAPTIST THEOLOGICAL SEMINARIES
THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO RETREATS CAMPS YOUTH ACTIVITIES AND MINISTRY WORK THAT WILL SPREAD THE GOSPEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clyde Kakiuchi President | 4 | $0 | |
Susan Arashiro Vice President | 4 | $0 | |
Roy Mizushima Vice President | 4 | $0 | |
Gail Gierhart Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,608 |
| Net Rental Income | $104,427 |
| Net Gain on Sale of Assets | $88,722 |
| Capital Gain Net Income | $88,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,120 |
| Total Revenue | $331,096 |
| 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 | $17,942 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,816 |
| Total operating and administrative expenses | $136,528 |
| Contributions, gifts, grants paid | $269,943 |
| Total expenses and disbursements | $406,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,490 |
| Savings and temporary cash investments | $55,292 |
| 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 | $1,684,203 |
| Other assets | $19,903 |
| Total assets | $3,260,209 |
| 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, Shiraki Memorial Foundation has awarded $269,944 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN BAPTIST SEMINARY PURPOSE: SCHOLARSHIP FOR SEMINARY STUDENTS | $3,284 |
SOUTHWESTERN BAPTIST SEMINARY PURPOSE: SCHOLARSHIPS FOR SEMINARY STUDENTS | $34,157 |
GATEWAY SEMINARY PURPOSE: SCHOLARSHIPS FOR SEMINARY STUDENTS | $10,447 |
OAHU BIBLE INSTITUTE PURPOSE: SUPPORT OF CHARITABLE PURPOSE | $3,420 |
MIDWESTERN BAPTIST SEMINARY PURPOSE: SCHOLARSHIP FOR SEMINARY STUDENTS | $7,892 |
BAPTIST COLLEGIATE MINISTRIES PURPOSE: SUPPORT OF CHARITABLE PURPOSE | $5,000 |