Waterhouse Charitable Tr
- Assets
- $44.6m
- Revenue
- $39.8k
- Investments
- $25.3m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 11/2000
- Data as of
- 06/2022
- EIN
- 99-6086871
Organization Overview
Waterhouse Charitable Tr is located in Honolulu, HI. The organization was established in 2000. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Waterhouse Charitable Tr 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 06/2022, Waterhouse Charitable Tr generated $39.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (41.5%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Waterhouse Charitable Tr has awarded 40 individual grants totaling $18,088,560. 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
TO DISTRIBUTE AMOUNTS TO CERTAIN CHARITABLE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE TRUST MADE GRANT DISTRIBUTIONS TO THE FIVE CHARITABLE ORGANIZATIONS THAT IT WAS ESTABLISHED TO SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Y Mukai Co-Trustee | Trustee | 5 | $70,000 |
Carrie Js Wong Co-Trustee | Trustee | 22 | $5,833 |
Name Not Listed Successor Co-Trustee | 25 | $369,471 |
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 | $39,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,099,400 |
| 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. | $461,723 |
| Compensation of current officers, directors, key employees. | $298,692 |
| 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 | $29,998 |
| Fees for services: Accounting | $65,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,881 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $539 |
| Information technology | $0 |
| 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 | $1,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,913 |
| All other expenses | $0 |
| Total functional expenses | $3,866,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $569,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $18,769,798 |
| Investments—other securities | $25,280,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,619,072 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $44,619,072 |
| 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 | $44,619,072 |
Grants Awarded
Over the last fiscal year, Waterhouse Charitable Tr has awarded $3,099,400 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE WAIALAE BAPTIST CHURCH PURPOSE: Support church lecture series | $280,400 |
PUNAHOU SCHOOL PURPOSE: Support school swim program | $335,000 |
PALAMA SETTLEMENT PURPOSE: Community based social services | $890,000 |
NEW MEXICO MILITARY INSTITUTE FOUNDATION PURPOSE: Support school scholarships | $69,000 |
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: Support school football program | $1,525,000 |