Florence Y Ichinose Foundation
- Assets
- $1.7m
- Revenue
- $117.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 99-0317766
Organization Overview
Florence Y Ichinose Foundation 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. Florence Y Ichinose 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, Florence Y Ichinose Foundation generated $117.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $138.9k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 4 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, Florence Y Ichinose Foundation has awarded 32 individual grants totaling $424,000. 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
ENTITY'S SOLE ACTIVITY CONSISTS OF MAKING CASH CONTRIBUTIONS TO OTHER QUALIFYING TAX EXEMPT ENTITIES (SEE PART XV FOR LIST OF PAYEE ORGANIZATIONS AND AMOUNTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron M Tanaka President | 1 | $0 | |
Jane Shiroma Secretary | 1 | $0 | |
Aimee Nishioka Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,556 |
| Capital Gain Net Income | $71,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,882 |
| Total operating and administrative expenses | $27,922 |
| Contributions, gifts, grants paid | $111,000 |
| Total expenses and disbursements | $138,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,527 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,669,648 |
| 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, Florence Y Ichinose Foundation has awarded $111,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CITY MEMORIAL PARK ASSOCIATION PURPOSE: UNRESTRICTED | $15,500 |
HONPA HONGWANJI HAWAII BETSUIN PURPOSE: UNRESTRICTED | $16,600 |
KAHALA NUI FOUNDATION PURPOSE: UNRESTRICTED | $15,500 |
KOBOJI SHINGON MISSION PURPOSE: UNRESTRICTED | $16,600 |
KUAKINI FOUNDATION PURPOSE: UNRESTRICTED | $15,500 |
MID PACIFIC INSTITUTE PURPOSE: UNRESTRICTED | $7,900 |