Mckinley High School Foundation
- Assets
- $2.1m
- Revenue
- $386.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Honolulu, HI
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 99-0274503
Organization Overview
Mckinley High School Foundation is located in Honolulu, HI. The organization was established in 1993. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckinley High School 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, Mckinley High School Foundation generated $386.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $183.5k during the year ending 12/2021. While expenses have increased by 3.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FOSTER THE DEVELOPMENT OF MCKINLEY HIGH SCHOOL'S STUDENTS AND FACULTY BY PROVIDING GRANTS OR LOANS FOR COLLEGE SCHOLARSHIPS, SCHOOL PROGRAMS AND EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - AWARDED $94,500 IN SCHOLARSHIPS TO 44 GRADUATING STUDENTS BASED UPON ACADEMIC ACHIEVEMENT AND FINANCIAL NEED.
PROVIDED $5,100 IN GRANTS TO MCKINLEY HIGH SCHOOL IN SUPPORT OF THE POST-GRADUATION CELEBRATION FOR THE CLASS OF 2021 WHICH WAS IMPACTED BY COVID 19 RESTRICTIONS DURING THEIR JUNIOR AND SENIOR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Nekota Executive Director | Officer | 12 | $25,410 |
Reiko Lin Vice President | OfficerTrustee | 2 | $0 |
Neal Takamori President | OfficerTrustee | 2 | $0 |
Darlene Ogoshi Secretary | OfficerTrustee | 2 | $0 |
Ben Nakaoka Treasurer | OfficerTrustee | 2 | $0 |
Susan Ichimasa Director | Trustee | 1 | $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 | $273,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,535 |
| Total Program Service Revenue | $0 |
| Investment income | $39,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,100 |
| Grants and other assistance to domestic individuals. | $94,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,720 |
| Compensation of current officers, directors, key employees. | $5,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $810 |
| Payroll taxes | $2,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,469 |
| Fees for services: Other | $1,537 |
| Advertising and promotion | $3,506 |
| Office expenses | $1,267 |
| Information technology | $11,414 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $179 |
| Insurance | $1,135 |
| All other expenses | $0 |
| Total functional expenses | $183,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,082 |
| Savings and temporary cash investments | $23,349 |
| 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 | $0 |
| Investments—publicly traded securities | $2,000,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,086,500 |
| Accounts payable and accrued expenses | $3,298 |
| Grants payable | $4,000 |
| 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 | $0 |
| Total liabilities | $7,298 |
| Net assets without donor restrictions | $1,879,202 |
| Net assets with donor restrictions | $200,000 |
| 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 | $2,086,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mckinley High School Foundation has recieved totaling $84,634.
| Awarding Organization | Amount |
|---|---|
Eyvinne And Kay Lee Family Foundati Las Vegas, NV PURPOSE: DONATION | $52,000 |
Cades Foundation Honolulu, HI PURPOSE: SCHOLARSHIP FUND | $15,000 |
The Steven G Mihaylo Foundation Tempe, AZ PURPOSE: EDUCATIONAL SUPPORT FOR SCHOLARSHIP FUND. | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,500 |
Dolier Family Foundation Honolulu, HI PURPOSE: GENERAL PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Endowment Analysis
| Beg. Balance | $1,144,055 |
| Earnings | $87,217 |
| Net Contributions | $199,305 |
| Grants | $71,500 |
| Ending Balance | $1,359,077 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
High Tech High San Diego, CA | $58,788,634 | $76,672,129 |
Menlo School Atherton, CA | $320,152,000 | $64,317,000 |
Oaks Christian School Westlake Village, CA | $150,419,760 | $62,594,014 |
Summit Public Schools Redwood City, CA | $48,530,707 | $55,546,203 |
El Camino Real Alliance Woodland Hills, CA | $34,397,207 | $53,776,806 |
Milken Community Schools Los Angeles, CA | $80,759,256 | $40,537,524 |
Windward School Los Angeles, CA | $106,329,646 | $41,804,232 |
Orange County School Of The Arts Santa Ana, CA | $14,647,557 | $49,463,330 |
Inner City Education Foundation Los Angeles, CA | $33,345,924 | $41,820,831 |
Crystal Springs Uplands School Hillsborough, CA | $136,020,158 | $40,020,241 |
Thacher School Inc Ojai, CA | $303,628,115 | $39,878,266 |