Parker Ranch Foundation Tr 091092
- Assets
- $259.8m
- Revenue
- $7.8m
- Investments
- $77.5m
- Employees
- 0
- Location
- Kamuela, HI
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 99-6064620
Organization Overview
Parker Ranch Foundation Tr 091092 is located in Kamuela, HI. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Parker Ranch Foundation Tr 091092 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, Parker Ranch Foundation Tr 091092 generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 8 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 2014, Parker Ranch Foundation Tr 091092 has awarded 40 individual grants totaling $29,853,079. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PERPETUAL SUPPORT FOR DESIGNATED BENEFICIARIES ENGAGED IN HEALTHCARE, EDUCATION AND CHARITABLE PURPOSES FOR THE BENEFIT OF THE KAMUELA AREA, THROUGH THE SOUND MANAGEMENT AND PRUDENT INVESTMENT OF TRUST ASSETS. THE DESIGNATED BENEFICIARIES OF THE TRUST ARE QUEEN'S NORTH HAWAII COMMUNITY HOSPITAL, INC., RICHARD SMART FUND, A COMPONENT OF THE HAWAII COMMUNITY FOUNDATION, HAWAII PREPARATORY ACADEMY AND PARKER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKER RANCH FOUNDATION TRUST ("PRFT", THE "TRUST") WAS FORMED ON NOVEMBER 12, 1992. RICHARD SMART DEDICATED SUBSTANTIAL ASSETS FROM HIS PERSONAL ESTATE TO PRFT TO BE HELD FOR THE BENEFIT OF NAMED BENEFICIARIES. AT DECEMBER 31, 2023, SUCH NAMED BENEFICIARIES WERE HAWAII PREPARATORY ACADEMY, PARKER SCHOOL, QUEEN'S NORTH HAWAII COMMUNITY HOSPITAL AND THE HAWAII COMMUNITY FOUNDATION. SUCH TRANSFERRED ASSETS WERE COMPRISED PRIMARILY OF REAL ESTATE ON THE ISLAND OF HAWAII AND RANCH ASSETS/OPERATIONS KNOWN AS "PARKER RANCH". PRFT CURRENTLY HOLDS SOME REAL ESTATE AND RANCH ASSETS/OPERATIONS AS PARKER RANCH, INC. ("PRI"); A WHOLLY-OWNED, FOR PROFIT SUBSIDIARY. PRFT IS DIRECTED BY TRUSTEES WHO ARE RESPONSIBLE FOR MANAGING THE TRUST'S ASSETS IN ACCORDANCE WITH THE TRUST AGREEMENT AND SELECTION/OVERSIGHT OF DIRECTORS AND THE MANAGEMENT TEAM THAT RUNS THE PRI OPERATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy E Johns Trustee Chai | Trustee | 24 | $95,000 |
Michael K Fujimoto Trustee | Trustee | 24 | $90,000 |
Toby B Taniguchi Trustee | Trustee | 24 | $90,000 |
Michael W Gibson Termed 62023 Trustee | Trustee | 24 | $45,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carlsmith Ball Llp Legal Fees | 12/30/23 | $229,388 |
Northern Trust Investment Mgmt | 12/30/23 | $225,598 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,348,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,646,238 |
| Net Gain/Loss on Asset Sales | $3,844,721 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,839,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,675,509 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,000 |
| 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 | $139,875 |
| Fees for services: Accounting | $75,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $215,888 |
| Fees for services: Other | $267,387 |
| Advertising and promotion | $4,407 |
| Office expenses | $12,541 |
| Information technology | $1,257 |
| Royalties | $0 |
| Occupancy | $91,033 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $701 |
| Interest | $128,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $441,993 |
| Insurance | $147,317 |
| All other expenses | -$59,143 |
| Total functional expenses | $7,034,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,538,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,703 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,769 |
| Net Land, buildings, and equipment | $132,523,725 |
| Investments—publicly traded securities | $45,555,733 |
| Investments—other securities | $77,512,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $438,936 |
| Total assets | $259,782,895 |
| Accounts payable and accrued expenses | $96,668 |
| Grants payable | $4,025,869 |
| Deferred revenue | $321,449 |
| 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 | $2,550,000 |
| Other liabilities | $78,155 |
| Total liabilities | $7,072,141 |
| Net assets without donor restrictions | $252,710,754 |
| 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 | $259,782,895 |
Grants Awarded
Over the last fiscal year, Parker Ranch Foundation Tr 091092 has awarded $4,025,869 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION PURPOSE: SEE PART IV | $805,174 |
HAWAII PREPARATORY ACADEMY PURPOSE: SEE PART IV | $644,139 |
QUEEN'S NORTH HAWAII COMMUNITYHOSPITAL PURPOSE: SEE PART IV | $1,932,417 |
PARKER SCHOOL PURPOSE: SEE PART IV | $644,139 |