Kosasa Foundation
- Assets
- $124.4m
- Revenue
- $1.1m
- Investments
- $118.5m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/1994
- Data as of
- 07/2022
- EIN
- 99-0313279
Organization Overview
Kosasa Foundation is located in Honolulu, HI. The organization was established in 1994. 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. Kosasa 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 07/2022, Kosasa Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $8.1m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kosasa Foundation has awarded 476 individual grants totaling $36,098,850. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Gainsley Director | 0 | $0 | |
Paul J Kosasa Pres/treas/director | 0 | $0 | |
Susan M Kosasa Vp/secy/direc | 0 | $0 | |
Thomas S Kosasa Director | 0 | $0 | |
Tracy Ide Special Appointers | 0 | $0 | |
Riki Morimoto Special Appointers | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Investment Group | 12/30/23 | $210,780 |
Dennis R Sugino | 12/30/23 | $62,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,974 |
| Dividends & Interest | $1,723,069 |
| Net Rental Income | $136,934 |
| Net Gain on Sale of Assets | -$1,358,880 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $421,276 |
| Total Revenue | $1,072,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,521 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,744 |
| Interest | $79,035 |
| Taxes | $284,221 |
| Depreciation | $28,404 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,816 |
| Total operating and administrative expenses | $1,415,252 |
| Contributions, gifts, grants paid | $6,688,000 |
| Total expenses and disbursements | $8,103,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,237 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $4,666,836 |
| Investments—mortgage loans | $0 |
| Investments—other | $107,893,503 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $124,369,019 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kosasa Foundation has awarded $7,131,850 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR TOMORROW'S LEADERS PURPOSE: LEADERSHIP DEVELOPMENT FOR K-12 | $75,000 |
AINA MOMONA PURPOSE: REGENERATIVE AHUPUAA RESOURCE MANAGEMENT IN KAAMOLA, MOLOKAI. | $100,000 |
BLOOD BANK OF HAWAII PURPOSE: ADDITIONAL SUPPORT FOR CAPITAL CAMPAIGN | $100,000 |
DREAMHOUSE INC PURPOSE: SUPPORT FOR TECH TRAINING IN ENVIRONMENT FOR CHARTER SCHOOL | $33,000 |
CHAMINADE UNIVERSITY OF HONOLULU PURPOSE: DESIGN TEACHING PRACTICUM FOR ECE GRADUATES | $200,000 |
FAMILY LIFE CENTER PURPOSE: CONSTRUCTION OF INTERIM HOUSING FOR WILDFIRE VICTIMS | $1,000,000 |