Clarence T C Ching Foundation
- Assets
- $115.0m
- Revenue
- $3.2m
- Investments
- $112.6m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/1968
- Data as of
- 12/2022
- EIN
- 99-6014634
Organization Overview
Clarence T C Ching Foundation is located in Honolulu, HI. The organization was established in 1968. 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. Clarence T C Ching 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, Clarence T C Ching Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clarence T C Ching Foundation has awarded 115 individual grants totaling $22,261,302. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tertia Freas Executive Di | 40 | $150,000 | |
Raymond J Tam Trustee | 8 | $77,000 | |
John K Tsui Trustee | 8 | $86,000 | |
Catherine Hq Ching Trustee | 8 | $36,000 | |
Kenneth T Okamoto Trustee | 8 | $77,000 | |
Robert T Fujioka Trustee | 8 | $77,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $997,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,752,119 |
| Capital Gain Net Income | $2,516,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $401,094 |
| Total Revenue | $3,151,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $580,000 |
| Other employee salaries and wages | $81,500 |
| Pension plans, employee benefits | $40,436 |
| Interest | $1,025 |
| Taxes | $11,402 |
| Depreciation | $0 |
| Occupancy | $52,372 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $749,613 |
| Total operating and administrative expenses | $1,586,901 |
| Contributions, gifts, grants paid | $2,518,022 |
| Total expenses and disbursements | $4,104,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251 |
| 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 | $66,217 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,799,084 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,291,888 |
| Total assets | $115,004,926 |
| Accounts payable and accrued expenses | $319,076 |
| Grants payable | $13,819,524 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,515 |
| Total liabilities | $14,142,115 |
Grants Awarded
Over the last fiscal year, Clarence T C Ching Foundation has awarded $7,394,034 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
808 CLEANUPS PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: CAPITAL IMPROVEMENT | $350,000 |
BOYS AND GIRLS CLUB OF HAWAII PURPOSE: GENERAL PROGRAM SUPPORT | $50,000 |
DIAMOND HEAD THEATRE PURPOSE: CAPITAL IMPROVEMENT | $100,000 |
DREAMHOUSE CHARTER PURPOSE: CAPITAL IMPROVEMENT | $50,000 |
HALE KIPA PURPOSE: CAPITAL IMPROVEMENT | $250,000 |