Albert T & Wallace T Teruya Foundation
- Assets
- $759.0k
- Revenue
- $446.6k
- Investments
- $684.6k
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 02/1968
- Data as of
- 12/2022
- EIN
- 99-6014692
Organization Overview
Albert T & Wallace T Teruya 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. Albert T & Wallace T Teruya 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, Albert T & Wallace T Teruya Foundation generated $446.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $456.9k during the year ending 12/2022. While expenses have increased by 10.2% 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, Albert T & Wallace T Teruya Foundation has awarded 52 individual grants totaling $5,720,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond T Teruya Pres./exec Committee Chair/trustee | 1 | $0 | |
Roy T Uyehara Secretary/trustee | 1 | $200 | |
Wayne T Teruya Vice President/treasurer/trustee | 1 | $200 | |
Dexter T Teruya Trustee | 1 | $200 | |
Rosemarie J Love Trustee | 1 | $200 | |
Ethel M Teruya Trustee | 1 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $171,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $275,445 |
| Capital Gain Net Income | $275,445 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $446,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $520 |
| Total operating and administrative expenses | $1,920 |
| Contributions, gifts, grants paid | $455,000 |
| Total expenses and disbursements | $456,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,637 |
| Savings and temporary cash investments | $832 |
| 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 | $759,047 |
| 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, Albert T & Wallace T Teruya Foundation has awarded $1,223,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMINADE UNIVERSITY PURPOSE: MULTIPURPOSE CONFERENCE ROOM | $40,000 |
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: ADVANCEMENT OF THE KCC CULINARY ARTS PROGRAM | $100,000 |
MID-PACIFIC INSTITUTE PURPOSE: BINGHAM HALL RECONSTRUCTION PROJECT | $315,000 |
CHAMINADE UNIVERSITY PURPOSE: MULTIPURPOSE CONFERENCE ROOM | $40,000 |
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: ADVANCEMENT OF THE KCC CULINARY ARTS PROGRAM | $293,000 |
MID-PACIFIC INSTITUTE PURPOSE: BINGHAM HALL RECONSTRUCTION PROJECT | $435,000 |