Lahaina Restoration Foundation
- Assets
- $21.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Lahaina, HI
- Founding
- 11/1964
- Data as of
- 12/2021
- EIN
- 99-6004506
Organization Overview
Lahaina Restoration Foundation is located in Lahaina, HI. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lahaina Restoration Foundation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lahaina Restoration 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, Lahaina Restoration Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.0% 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 RESTORE, PRESERVE AND PROTECT THE PHYSICAL, HISTORICAL AND CULTURAL LEGACIES OF LAHAINA AND HONOR THE ERA OF THE HAWAIIAN MONARCHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERATED WITH ALL COMMUNITY-ORIENTED INTERESTS IN AN EFFORT TO RESTORE, MAINTAIN AND PRESERVE THE PHYSICAL AND CULTURAL LEGACIES AND HISTORY OF THE FIRST CAPITAL OF THE KINGDOM OF HAWAII.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theo Morrison Executive Di | Officer | 40 | $106,000 |
David Allaire President | OfficerTrustee | 1 | $0 |
Louisa Shelton Secretary | OfficerTrustee | 1 | $0 |
Kevin Baptist Vice Preside | OfficerTrustee | 1 | $0 |
Edward Baldwin Treasurer | OfficerTrustee | 1 | $0 |
Penny Wakida Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,491 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $395,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,994 |
| Total Program Service Revenue | $877,623 |
| Investment income | $139,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,616 |
| Net Gain/Loss on Asset Sales | $946,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $98,394 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,774,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,000 |
| 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 | $604,178 |
| Pension plan accruals and contributions | $27,282 |
| Other employee benefits | $73,919 |
| Payroll taxes | $52,096 |
| Fees for services: Management | $271 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,263 |
| Fees for services: Investment Management | $45,476 |
| Fees for services: Other | $336,877 |
| Advertising and promotion | $49,219 |
| Office expenses | $12,976 |
| Information technology | $6,853 |
| Royalties | $0 |
| Occupancy | $71,862 |
| Travel | $17,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,514 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,765 |
| Insurance | $37,515 |
| All other expenses | $51,495 |
| Total functional expenses | $1,651,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,383 |
| Savings and temporary cash investments | $221,912 |
| Pledges and grants receivable | $43,909 |
| Accounts receivable, net | $13,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,013 |
| Prepaid expenses and deferred charges | $18,225 |
| Net Land, buildings, and equipment | $15,534,714 |
| Investments—publicly traded securities | $5,070,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $21,513,209 |
| Accounts payable and accrued expenses | $36,730 |
| 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 | $0 |
| Total liabilities | $36,730 |
| Net assets without donor restrictions | $21,476,479 |
| Net assets with donor restrictions | $0 |
| 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 | $21,513,209 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lahaina Restoration Foundation has recieved totaling $58,500.
| Awarding Organization | Amount |
|---|---|
The Deborah And Peter Martin Foundation Paia, HI PURPOSE: GENERAL GRANT | $40,000 |
E H W Broadbent Foundation Honolulu, HI PURPOSE: FUND OPERATIONS | $6,000 |
M L E Foundation Inc New Canaan, CT PURPOSE: GENERAL PURPOSE | $6,000 |
O L Moore Foundation Hawaiian Trust Company Limited Honolulu, HI PURPOSE: GENERAL SUPPORT | $5,000 |
Dolores Furtado Martin Foundation Honolulu, HI PURPOSE: UNRESTRICTED GIFT | $1,000 |
Christina F Hassell And Watters O Martin Jr Family Foundation Honolulu, HI PURPOSE: UNRESTRICTED GIFT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Computer History Museum Mountain View, CA | $71,401,475 | $10,596,016 |
Bishop Museum Honolulu, HI | $80,582,452 | $14,106,624 |
Foundation Of The American Academy Of Ophthalmology San Francisco, CA | $169,457,779 | $13,944,505 |
Walt Disney Family Museum San Francisco, CA | $56,560,090 | $13,004,601 |
Contemporary Jewish Museum San Francisco, CA | $89,973,935 | $6,215,554 |
Wjo Foundation Los Angeles, CA | $40,838,683 | $19,917,813 |
Council On American-Islamic Relations California Anaheim, CA | $15,557,872 | $7,778,802 |
Pacific Battleship Center San Pedro, CA | $7,123,238 | $6,518,959 |
Swc Museum Corp Los Angeles, CA | $185,291,567 | $7,296,634 |
Eames Institute Petaluma, CA | $18,964,312 | $22,211,223 |
Palm Springs Air Museum Inc Palm Springs, CA | $20,548,882 | $5,160,584 |