Waimakua Foundation
- Assets
- $2.0m
- Revenue
- $170.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Lihue, HI
- Founding
- 05/1980
- Data as of
- 12/2023
- EIN
- 99-0195093
Organization Overview
Waimakua Foundation is located in Lihue, HI. The organization was established in 1980. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Waimakua 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 12/2023, Waimakua Foundation generated $170.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $161.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Waimakua Foundation has awarded 115 individual grants totaling $804,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Richardson President | 0 | $0 | |
Wendy Wichman Secretary | 0 | $0 | |
Richard Goodale Treasurer | 0 | $0 | |
Jonathan Wichman Asst Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $320 |
| Dividends & Interest | $58,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,578 |
| Capital Gain Net Income | $111,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $170,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,036 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,398 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $161,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $500 |
| 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 | $2,020,412 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,020,912 |
| 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, Waimakua Foundation has awarded $135,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
GARDEN ISLAND RESOURCE CONSERVATION & DEVELOPMENT PURPOSE: KAUAI FOREST BIRD RECOVERY | $2,000 |
ISLAND SCHOOL PURPOSE: BOARD MATCHING CHALLENGE FUND | $20,000 |
KAUAI COMMUNITY COLLEGE PURPOSE: RESTRICTED - HALE MALAMA/KIPAPAI | $5,000 |
KAUAI MUSEUM ASSOCIATION LTD PURPOSE: CAPITAL CAMPAIGN | $2,500 |
KOOLAU HUI IA CHURCH PURPOSE: GENERAL OPERATIONS | $1,000 |
KORE KAUAI PURPOSE: GENERAL OPERATIONS | $2,000 |