Consuelo Zobel Alger Foundation
- Assets
- $175.0m
- Revenue
- $8.2m
- Investments
- $166.6m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 99-0266163
Organization Overview
Consuelo Zobel Alger Foundation is located in Honolulu, HI. The organization was established in 1989. 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. Consuelo Zobel Alger 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 12/2022, Consuelo Zobel Alger Foundation generated $8.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $9.0m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 3 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.
Since 2019, Consuelo Zobel Alger Foundation has awarded 101 individual grants totaling $850,520. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
CONSUELO FOUNDATION: CONSUELO ON WHEELS; LIFE SKILLS PLUS PROGRAM
CHILD AND FAMILY SERVICE PHILIPPINES PROJECT: RECOVERY PROGRAM, ADVOCACY, AND ADMIN SUPPORT.
CONSUELO FOUNDATION: PARTNER CAPACITY BUILDING TRAININGS, WORSKHOPS, TECHNICAL SUPPORT TO CONSUELO PARTNERS
CONSUELO FOUNDATION: ADVOCACY; SUPPORT FOR ADVOCACY ACTIVITIES FOR THE PROTECTION OF CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance H Lau Chairman | 5 | $21,000 | |
Patti J Lyons Director | 5 | $18,000 | |
Jeffrey N Watanabe Director | 6 | $21,000 | |
I Patrick Griggs Director | 4 | $18,000 | |
Alejandro Z Padilla Director | 3 | $18,000 | |
Robert S Tsushima Director | 4 | $18,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte & Touche Llp | 12/30/22 | $221,148 |
Morgan Stanley Smith Barney | 12/30/22 | $131,104 |
Hui Malama I Ke Ala Ulili (Huimau) | 12/30/22 | $111,500 |
Accounting Micro Systems | 12/30/22 | $57,500 |
Molokai Child Abuse Prevention Pathways | 12/30/22 | $68,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,149 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,264,887 |
| Net Rental Income | $120,358 |
| Net Gain on Sale of Assets | $2,595,105 |
| Capital Gain Net Income | $3,441,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,962 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,121,105 |
| Total Revenue | $8,224,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $681,202 |
| Other employee salaries and wages | $585,449 |
| Pension plans, employee benefits | $274,606 |
| Interest | $0 |
| Taxes | $106,070 |
| Depreciation | $185,067 |
| Occupancy | $30,054 |
| Travel, conferences, and meetings | $183,542 |
| Printing and publications | $14,036 |
| Other expenses | $5,744,768 |
| Total operating and administrative expenses | $8,791,437 |
| Contributions, gifts, grants paid | $213,070 |
| Total expenses and disbursements | $9,004,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,772,207 |
| Net Accounts receivable | $476,718 |
| 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 | $124,099 |
| Net Investments - land, buildings, equipment | $164,784 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,621,732 |
| Other assets | $200,122 |
| Total assets | $174,995,900 |
| Accounts payable and accrued expenses | $1,185,592 |
| 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 | $85,168 |
| Total liabilities | $1,270,760 |
Grants Awarded
Over the last fiscal year, Consuelo Zobel Alger Foundation has awarded $213,070 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE FILIPINO COMMUNITY CENTER - FILCOM PURPOSE: FILCOM - 20TH ANNIVERSARY | $125,000 |
HO'OKUA'AINA PURPOSE: KALO SUBSIDY DISTRIBUTION | $5,000 |
KUMANO I KE ALA PURPOSE: TRAVEL FOR KILOHANA CANOE CLUB FOR REGATTA | $7,823 |
CHILD & FAMILY SERVICE PURPOSE: SECOND PAYMENT ANNUAL PLEDGE FOR NEXT 4 YRS | $15,000 |
KUPU PURPOSE: SUPPORT HO'OKUPU CENTER PROGRAMS | $30,648 |
SHIFTED ENERGY INC PURPOSE: WOODEN ENCLOSURES FOR 20 FAMILIES IN WAIMANALO TO PROLONG LIFE OF NEW SHIFT ENERGY RESIDENTIAL HEAT PUMP WATER HEATER TO PROTECT WATER HEATERS FROM EXPOSURE TO ELEMENTS. | $9,558 |