Shaw Foundation Properties Corp
- Assets
- $22.4m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 99-0316906
Organization Overview
Shaw Foundation Properties Corp is located in Honolulu, HI. The organization was established in 1995. 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. Shaw Foundation Properties Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2022, Shaw Foundation Properties Corp generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM, AND DISTRIBUTING THE INCOME, LESS EXPENSES, OVER TO THE SHAW (U.S.) FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED NET INCOME FROM PROPERTIES TO THE SHAW (U.S.) FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Meage Choy President/director | OfficerTrustee | 1 | $0 |
Ms Venus Choy Director | Trustee | 1 | $0 |
Ms Li Kit Yee Jenny Vice President/director | OfficerTrustee | 1 | $0 |
Mr Chan Wai Man Raymond Vice President/director | OfficerTrustee | 1 | $0 |
Cades Schutte Llp Secretary | Officer | 1 | $0 |
Mr Jeremiah Rajakulendran Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colliers International Hi Llc Management Fees | 12/30/22 | $235,198 |
Hbm Acquisitions Llc Janitorial Services | 12/30/22 | $173,418 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,371,276 |
| Investment income | $3,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,374,883 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,281 |
| Information technology | $0 |
| 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 | $858,955 |
| Insurance | $244,031 |
| All other expenses | $1,513,432 |
| Total functional expenses | $4,127,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,994,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,491 |
| 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 | $1,409 |
| Net Land, buildings, and equipment | $16,829,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $365,073 |
| Other assets | $3,040 |
| Total assets | $22,439,924 |
| Accounts payable and accrued expenses | $209,541 |
| 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 | $2,822,820 |
| Total liabilities | $3,032,361 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $19,280,394 |
| Retained earnings, endowment, accumulated income, or other funds | $126,169 |
| Total liabilities and net assets/fund balances | $22,439,924 |