Arcadia Foundation
- Assets
- $24.8m
- Revenue
- $2.7m
- Investments
- $12.7m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 99-0335929
Organization Overview
Arcadia Foundation is located in Honolulu, HI. The organization was established in 1999. 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. Arcadia 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, Arcadia Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $295.0k during the year ending 12/2021. While expenses have increased by 0.5% 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.
Since 2016, Arcadia Foundation has awarded 25 individual grants totaling $1,361,015. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ARCADIA FOUNDATION IS A SUPPORTING ORGANIZATION FOR ARCADIA COMMUNITY SERVICES, INCLUDING SUPPORTING THE NEEDS OF THE RESIDENTS OF RETIREMENT FACILITIES ASSOCIATED WITH ARCADIA COMMUNITY SERVICES WHO HAVE EXHAUSTED THEIR RESOURCES, AND TO PROVIDE BENEFITS TO AND SERVICE THE NEEDS OF THE ELDERLY OF THE GREAT HAWAII COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FOR FUNDING FOR HOUSING, HEALTHCARE, RESIDENTS' SUBSIDIZATION, AND FOR OTHER NEEDS OF THE ELDERLY. FUNDING IS ALSO PROVIDED TO THE OTHER 501(C)(3) ORGANIZATIONS FOR PROGRAMS AND SERVICES TO THE ELDERLY IN HONOLULU.
BEGINNING IN 2018, THE ORGANIZATION CONTINUED THE OPERATIONS OF ARCADIA MEMORIAL IRREVOCABLE TRUST (A RELATED ORGANIZATION), WHICH PROVIDES ADDITIONAL SERVICES AND ITEMS OF CARE AND COMFORT NOT OTHERWISE PROVIDED FOR THE BENEFIT OF THE RESIDENTS OF ARCADIA RESIDING IN THE ARCADIA HEALTH CARE CENTER. THE SERVICES INCLUDE ENTERTAINMENT, EXCURSIONS, TRANSPORTATION, A WALK-COMPANION PROGRAM AS WELL AS OTHER PERSONAL SERVICE SUCH AS MASSAGES, MANICURES AND PEDICURES.
THE ORGANIZATION IS A MEMBER OF THE ARCADIA FAMILY OF COMPANIES. THE ARCADIA FAMILY OF COMPANIES ACT AS A UNIFIED ORGANIZATION IN PROVIDING BENEFIT TO THE RESIDENTS, CLIENTS AND MEMBERS THEY SERVE, AS WELL AS TO THE HONOLULU COMMUNITY AT LARGE, WITH AN EMPHASIS TOWARDS HELPING SENIORS IN THE COMMUNITY. SEE SCHEDULE O FOR THE STATEMENT OF COMMUNITY BENEFIT FOR THE YEAR ENDED DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Zorn Chairman | OfficerTrustee | 1 | $0 |
Kathy Aoki Vice Chair | OfficerTrustee | 0.5 | $0 |
Corlis Chang Secretary | OfficerTrustee | 0.5 | $0 |
Vivian Lai CFO | OfficerTrustee | 5 | $0 |
Suzie Schulberg President & CEO | OfficerTrustee | 5 | $0 |
Koren Dreher Treasurer | OfficerTrustee | 0.5 | $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 | $1,178,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,964 |
| Total Program Service Revenue | $4,890 |
| Investment income | $579,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $938,134 |
| Net Income from Fundraising Events | $1,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,074 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,727,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,410 |
| Grants and other assistance to domestic individuals. | $8,722 |
| 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 | $43,395 |
| Advertising and promotion | $319 |
| Office expenses | $0 |
| Information technology | $3,187 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $294,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,438,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,614 |
| 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 | $0 |
| Investments—other securities | $12,689,746 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,681,535 |
| Total assets | $24,846,111 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,793,052 |
| Total liabilities | $1,793,052 |
| Net assets without donor restrictions | $21,642,979 |
| Net assets with donor restrictions | $1,410,080 |
| 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 | $24,846,111 |
Grants Awarded
Over the last fiscal year, Arcadia Foundation has awarded $222,892 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PEDIAHEALTH CORP PURPOSE: TO ASSIST WITH INFECTION PREVENTION AGAINST COVID-19 | $51,236 |
OCF PARTNERS PURPOSE: TO ASSIST WITH INFECTION PREVENTION AGAINST COVID-19 | $51,236 |
PC CARE CORP PURPOSE: TO ASSIST WITH INFECTION PREVENTION AGAINST COVID-19 | $51,236 |
Honolulu, HI PURPOSE: FUND PLAYGROUND AT KAHAUIKI VILLAGE WHICH IS A COMMUNITY FOR LOCAL FAMILIES WHO HAVE FACED HOMELESSNESS | $30,757 |
VILLAS PURPOSE: TO ASSIST WITH INFECTION PREVENTION AGAINST COVID-19 | $15,371 |
Honolulu, HI PURPOSE: TO ASSIST WITH INFECTION PREVENTION AGAINST COVID-19 | $11,528 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arcadia Foundation has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |