Augustine Educational Foundation
- Assets
- $11.9m
- Revenue
- $159.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Kaneohe, HI
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 99-0230013
Organization Overview
Augustine Educational Foundation is located in Kaneohe, HI. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Augustine Educational 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 06/2022, Augustine Educational Foundation generated $159.8k 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 (29.4%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING HAWAII CATHOLIC SCHOOLS AND TO AWARD GRANTS TO EDUCATORS WITHIN THE CATHOLIC SCHOOL SYSTEM OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SOLICITED APPROXIMATELY $564,748 OF DONATIONS TO FUND SCHOLARSHIPS & GRANTS.504 SCHOLARSHIPS AND GRANTS WERE AWARDED DURING THE YEAR WHICH TOTALED $1,887,950.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty White Director | Trustee | 0 | $0 |
Cheri Rauckhorst Director | Trustee | 0 | $0 |
Edward Brink Director | Trustee | 0 | $0 |
Larry Silva Chairman | OfficerTrustee | 0 | $0 |
Cori Ching Weston Vice President | OfficerTrustee | 0 | $0 |
Charlotte White President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $564,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,748 |
| Total Program Service Revenue | $0 |
| Investment income | -$404,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,420,286 |
| 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 | $130,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,731 |
| Payroll taxes | $13,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$645 |
| Advertising and promotion | $2,315 |
| Office expenses | $4,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $341 |
| 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 | $0 |
| All other expenses | $24,477 |
| Total functional expenses | $1,686,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,124 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,181,897 |
| 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 | $5,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,534,512 |
| Intangible assets | $0 |
| Other assets | $11,840 |
| Total assets | $11,916,385 |
| Accounts payable and accrued expenses | $6,799 |
| 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 | $5,886,287 |
| Total liabilities | $5,893,086 |
| Net assets without donor restrictions | $425,754 |
| Net assets with donor restrictions | $5,597,545 |
| 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 | $11,916,385 |