Marimed Foundation For Island Health Care Training
- Assets
- $4.6m
- Revenue
- $794.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Kaneohe, HI
- Founding
- 12/1984
- Data as of
- 06/2022
- EIN
- 99-0235066
Organization Overview
Marimed Foundation For Island Health Care Training is located in Kaneohe, HI. The organization was established in 1984. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Marimed Foundation For Island Health Care Training employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marimed Foundation For Island Health Care Training 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, Marimed Foundation For Island Health Care Training generated $794.2k 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 (21.3%) each year. All expenses for the organization totaled $922.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 7 years. 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
PLANNING, DEVELOPING, AND CONDUCTING PROGRAMS PROMOTING THE HEALTH AND WELL-BEING OF YOUTH. PROGRAMS ARE CENTERED AROUND MARINE-BASED EXPERIENTIAL, EDUCATIONAL, AND THERAPEUTIC SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALU LIKE MARITIME CAREERS AND TECHNICAL TRAINING PROGRAM FOR NATIVE HAWAIIANS IS DESIGNED TO PROVIDE PARTICIPANTS WITH INDUSTRY-STANDARD PREPARATION AND IMMEDIATE JOB READINESS FOR EXISTING AND REWARDING CAREERS IN THE MARITIME FIELD - FROM DECKHANDS TO CAPTAINS, TO ENGINEERS AND HARBOR AGENTS. PARTICIPANTS RECEIVE BASIC INSTRUCTION AND PRACTICAL SKILLS IN THREE PRIMARY REALMS OF THE TRADES; DECK, ENGINEERING, AND SHORE OPERATIONS. INSTRUCTION INCLUDES BOTH CLASSROOM AND PRACTICUM OR EXPERIENTIAL LEARNING TO ENGAGE THE STUDENT WITH VARIOUS LEARNING STYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew A Claybaugh President/ce | Officer | 55 | $133,050 |
Frank Shivers CFO | Officer | 55 | $31,562 |
Ryan Nobriga Chair/treasu | OfficerTrustee | 5 | $0 |
William Tam Secretary | OfficerTrustee | 5 | $0 |
Charles Giuli PHD Director | Trustee | 5 | $0 |
David Higgins Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,307 |
| Total Program Service Revenue | $536,971 |
| Investment income | $84,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $270 |
| Net Gain/Loss on Asset Sales | -$48,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $794,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,861 |
| Compensation of current officers, directors, key employees. | $24,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,813 |
| Pension plan accruals and contributions | $4,099 |
| Other employee benefits | $18,421 |
| Payroll taxes | $20,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,209 |
| Advertising and promotion | $3,801 |
| Office expenses | $86,410 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,750 |
| Travel | $23,184 |
| 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 | $111,204 |
| Insurance | $136,662 |
| All other expenses | $0 |
| Total functional expenses | $922,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $89,398 |
| 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 | $40,796 |
| Net Land, buildings, and equipment | $910,990 |
| Investments—publicly traded securities | $3,344,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,551,366 |
| Accounts payable and accrued expenses | $118,286 |
| Grants payable | $0 |
| Deferred revenue | $83,791 |
| 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 | $0 |
| Total liabilities | $202,077 |
| Net assets without donor restrictions | $4,349,289 |
| Net assets with donor restrictions | $0 |
| 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 | $4,551,366 |