Hawaii Community Foundation
- Assets
- $884.6m
- Revenue
- $128.3m
- Investments
- $6.9m
- Employees
- 75
- Location
- Honolulu, HI
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 99-0261283
Organization Overview
Hawaii Community Foundation is located in Honolulu, HI. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hawaii Community Foundation employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Community 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 12/2021, Hawaii Community Foundation generated $128.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $91.6m during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT 1
Describe the Organization's Program Activity:
HAWAII COMMUNITY FOUNDATION THROUGH ITS GRANTMAKING AND PROGRAM SERVICES HAS ASSISTED 1,262 ORGANIZATIONS AND OTHERS TO ACHIEVE A BETTER COMMUNITY IN HAWAII. GRANT MAKING OCCURS IN SIX DIFFERENT PROGRAM AREAS AS DESCRIBED ON THE ATTACHED STATEMENT (SEE STATEMENT 2-NOTE: TIMING DIFFERENCES & INCLUSION OF ADMINISTRATIVE EXPENSES RESULT IN A DIFFERENCE IN TOTALS)
HAWAII COMMUNITY FOUNDATION ASSISTS PRIVATE FOUNDATIONS AND OTHER ORGANIZATIONS IN THEIR COMMUNITY GRANT MAKING BY PROVIDING GRANT EVALUATION AND GRANT MANAGEMENT SERVICES. THROUGH THIS ACTIVITY HAWAII COMMUNITY FOUNDATION HAS FACILITATED AN ADDITIONAL 13,000,000 OF COMMUNITY GRANT MAKING BY THESE FOUNDATIONS AND ORGANIZATIONS. A PORTION OF THE REVENUE HAS BEEN DETERMINED TO BE UNRELATED BUSINESS INCOME BUT ALL REVENUE RELATED TO THIS ACTIVITY IS CONSIDERED CORE TO HAWAII COMMUNITY FOUNDATION'S MISSION AND OFFSETS THE RELATED COSTS OF PROVIDING THESE SERVICES. IT IS CURRENTLY IMPRACTICAL TO SEGREGATE REVENUE THAT IS NOT CONSIDERED UNRELATED BUSINESS INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micah Kane CEO & Presid | Officer | 60 | $367,235 |
Christine Van Bergeijk Svp-Chief Im | Officer | 60 | $244,149 |
Wallace Gk Chin Svp-Cfo | Officer | 60 | $199,668 |
Katharine Lloyd Svp-General | Officer | 60 | $194,507 |
Todd Apo Vp-Com Pship | Officer | 60 | $184,255 |
Jamee Kunichika Vp-Chief Of | Officer | 60 | $172,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of Hawaii Trustee & Inves | 12/30/21 | $1,480,240 |
First Hawaiian Bank - Wealth Managem Trustee & Inves | 12/30/21 | $1,451,983 |
Hawaii Public Health Institute Public Ed/advo | 12/30/21 | $695,905 |
Iq 360 Communications | 12/30/21 | $221,656 |
Professional Data Analysts Inc Program Eval | 12/30/21 | $210,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,763,615 |
| Government grants | $8,785,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,072,099 |
| Noncash contributions included in lines 1a–1f | $33,550,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,620,767 |
| Total Program Service Revenue | $1,493,612 |
| Investment income | $10,760,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,394,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,317,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,907,978 |
| Grants and other assistance to domestic individuals. | $4,743,656 |
| Grants and other assistance to Foreign Orgs/Individuals | $82,578 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,386,493 |
| Compensation of current officers, directors, key employees. | $1,281,751 |
| Compensation to disqualified persons | $128,944 |
| Other salaries and wages | $4,540,448 |
| Pension plan accruals and contributions | $392,698 |
| Other employee benefits | $642,913 |
| Payroll taxes | $474,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,242 |
| Fees for services: Accounting | $90,199 |
| Fees for services: Lobbying | $42,083 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,694 |
| Fees for services: Other | $4,370,129 |
| Advertising and promotion | $227,245 |
| Office expenses | $64,368 |
| Information technology | $261,312 |
| Royalties | $0 |
| Occupancy | $551,875 |
| Travel | $43,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,878 |
| Interest | $87 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,231 |
| Insurance | $28,708 |
| All other expenses | $0 |
| Total functional expenses | $91,559,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $917,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $626,017 |
| Investments—publicly traded securities | $875,980,719 |
| Investments—other securities | $6,850,089 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238,233 |
| Total assets | $884,612,842 |
| Accounts payable and accrued expenses | $0 |
| 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 | $71,271,518 |
| Total liabilities | $71,271,518 |
| Net assets without donor restrictions | $777,664,201 |
| Net assets with donor restrictions | $35,677,123 |
| 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 | $884,612,842 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Hawaii Community Foundation has recieved totaling $481,788.
| Awarding Organization | Amount |
|---|---|
Nadao & Mieko Yoshinaga Foundation Honolulu, HI PURPOSE: GENERAL GRANT | $392,840 |
Nadao & Mieko Yoshinaga Foundation Honolulu, HI PURPOSE: GENERAL GRANT - TERMINATING DISTRIBUTION | $64,998 |
Island Insurance Foundation Honolulu, HI PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $10,200 |
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $8,000 |
Hazel H Takumi Foundation Honolulu, HI PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR ITS HAWAII RESILIENCE FUND. | $3,250 |
Eureka Foundation Inc Atlanta, GA PURPOSE: HAKALAU FOREST REFUGE MANAGEMENT ENDOWMENT | $2,500 |
Endowment Analysis
| Beg. Balance | $579,944,249 |
| Earnings | $66,474,095 |
| Net Contributions | $16,881,498 |
| Other Expense | $2,258,738 |
| Grants | $17,886,907 |
| Ending Balance | $643,154,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
East Bay Community Foundation Oakland, CA | $785,752,885 | $390,383,292 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |