Palama Settlement
- Assets
- $5.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 41
- Location
- Honolulu, HI
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 99-0074140
Organization Overview
Palama Settlement is located in Honolulu, HI. The organization was established in 1942. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Palama Settlement employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palama Settlement 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, Palama Settlement generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PALAMA SETTLEMENT WAS ESTABLISHED IN 1896 AND INCORPORATED IN 1910 TO PARTNER WITH THOSE WHO HAVE THE GREATEST NEED IN OUR COMMUNITY, EMPOWERING THEM TO ENHANCE THEIR WELL-BEING THROUGH EDUCATION, HEALTH AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATION - SEE SCHEDULE O
IN CONTINUATION OF THE ABOVE SERVICES, WE ALSO PROVIDE A PAKOLEA YOUTH SPORTS PROGRAM, KITCHEN SERVICES, AND OUR SCHOLARSHIP PROGRAM UNDER OUR EDUCATION DEPARTMENT. PALAMA SETTLEMENT ALSO OFFERS A COMPLETE AQUATIC PROGRAM TO THE COMMUNITY. BESIDES ADULT LAP SWIMS AND RECREATIONAL SWIMMING, WE OFFER A VARIETY OF PROGRAMS, LIKE SENIOR AQUAROBIC CLASSES SWIM LESSONS FOR AGES 6 MONTHS TO ADULT, A MASTER SWIM TEAM AND SCUBA LESSONS ACTIVITIES ARE AVAILABLE. IN ADDITION, AMERICAN RED CROSS WATER SAFETY CLASSES - LIFEGUARD TRAINING & WATER SAFE INSTRUCTOR CLASSES ARE OFFERED. WHILE WORKING THROUGH THE AFTERMATH OF THE COVID-19 PANDEMIC, PALAMA PAKOLEA YOUTH SPORTS WERE ONLY ABLE TO PROVIDE FLAG FOOTBALL, BASKETBALL, AND VOLLEYBALL TO THE YOUTH OF THE KALIHI-PALAMA AREA. DURING THE SUMMER, PALAMA SETTLEMENT PROVIDES DAILY HOT LUNCHES TO ITS SUMMER PROGRAMS THROUGH PARTICIPATION IN THE DEPARTMENT OF EDUCATION, CHILD NUTRITION BRANCH, AND SUMMER FOOD SERVICE PROGRAM. THE LUNCHES WERE PROVIDED BY LANAKILA KITCHEN AND SUPPORTED PALAMA SETTLEMENT'S SUMMER ENRICHMENT PROGRAMS (SEP). PALAMA SETTLEMENT WAS ABLE TO PROVIDE LUNCHES AND SNACKS AT NO COST TO ITS PARTICIPANTS DUE TO ITS LOCATION IN AN AREA WITH SIGNIFICANT CONCENTRATIONS OF LOW-INCOME CHILDREN. PALAMA SETTLEMENT CONTINUED OUR PALAMA SCHOLARSHIPS PROGRAM. THIS FUNDING ACCOUNT IS COMPRISED OF BEQUEATHS, DONATIONS, AND GRANTS THAT ALLOW PALAMA SETTLEMENT TO HELP STUDENTS PURSUE THEIR POST-HIGH DREAMS THROUGH FINANCIAL SUPPORT.
COMMUNITY SERVICE CENTER - SEE SCHEDULE O
EDUCATIONAL SERVICE - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tsuda Board President | OfficerTrustee | 1 | $0 |
Neil Tagawa Board First Vice President | OfficerTrustee | 1 | $0 |
Dr Glenn Medeiros Board Second Vice-President | OfficerTrustee | 1 | $0 |
Stevie-Lyn Takata Board Secretary | OfficerTrustee | 1 | $0 |
Kaleokalani Kuroda Board Treasurer | OfficerTrustee | 1 | $0 |
Antonet Barut Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,931 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,619,373 |
| Noncash contributions included in lines 1a–1f | $8,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,624,304 |
| Total Program Service Revenue | $871,887 |
| Investment income | $46,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$73,875 |
| Net Gain/Loss on Asset Sales | -$20,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,449,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $134,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,789 |
| Compensation of current officers, directors, key employees. | $155,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,201 |
| Pension plan accruals and contributions | $3,928 |
| Other employee benefits | $139,222 |
| Payroll taxes | $121,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,609 |
| Fees for services: Other | $128,106 |
| Advertising and promotion | $0 |
| Office expenses | $88,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $207,590 |
| Travel | $8,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,891 |
| Insurance | $53,866 |
| All other expenses | $1,506 |
| Total functional expenses | $2,179,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,691,724 |
| Savings and temporary cash investments | $463,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,913 |
| 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 | $35,403 |
| Net Land, buildings, and equipment | $654,513 |
| Investments—publicly traded securities | $2,410,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,289,425 |
| Accounts payable and accrued expenses | $312,633 |
| Grants payable | $0 |
| Deferred revenue | $369,540 |
| 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 | $4,711 |
| Total liabilities | $686,884 |
| Net assets without donor restrictions | $1,954,485 |
| Net assets with donor restrictions | $2,648,056 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,289,425 |