Hau Oli Mau Loa Foundation
- Assets
- $142.2m
- Revenue
- $5.0m
- Investments
- $130.9m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 13-3588071
Organization Overview
Hau Oli Mau Loa Foundation is located in Honolulu, HI. The organization was established in 1991. 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. Hau Oli Mau Loa 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, Hau Oli Mau Loa Foundation generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hau Oli Mau Loa Foundation has awarded 335 individual grants totaling $96,843,828. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Koshiba President/director | 5.5 | $107,000 | |
Kylee Mar Director | 5.5 | $107,000 | |
Barbara Kalipi Director | 5.5 | $107,000 | |
Anim Steel Director | 5.5 | $107,000 | |
Janis Reischmann Secretary/director | 40 | $332,000 | |
Anela Shimizu Assistant Secretary | 40 | $115,679 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Investment Group | 12/30/21 | $559,273 |
Ball Baker Leake Llp | 12/30/21 | $90,517 |
University Of Hawaii | 12/30/21 | $46,621 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,498 |
| Dividends & Interest | $746,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,502,115 |
| Capital Gain Net Income | $3,502,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $697,853 |
| Total Revenue | $4,978,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $353,100 |
| Other employee salaries and wages | $747,690 |
| Pension plans, employee benefits | $178,264 |
| Interest | $0 |
| Taxes | $43,164 |
| Depreciation | $69,710 |
| Occupancy | $178,500 |
| Travel, conferences, and meetings | $20,575 |
| Printing and publications | $0 |
| Other expenses | $186,291 |
| Total operating and administrative expenses | $2,693,060 |
| Contributions, gifts, grants paid | $8,586,161 |
| Total expenses and disbursements | $11,279,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,145,499 |
| Savings and temporary cash investments | $5,181 |
| 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 | $248,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $397,849 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $127,605,065 |
| Net Land, buildings, and equipment | $192,489 |
| Other assets | $7,306,170 |
| Total assets | $142,218,878 |
| Accounts payable and accrued expenses | $136,419 |
| Grants payable | $5,079,218 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $273,648 |
| Total liabilities | $5,489,285 |
Grants Awarded
Over the last fiscal year, Hau Oli Mau Loa Foundation has awarded $5,294,994 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAI'I ISLAND COMMUNITY DEVELOPMENT CORPORATION PURPOSE: AFFORDABLE HOUSING: TO CONSTRUCT AFFORDABLE SELF-HELP HOMES FOR QUALIFIED LOW INCOME FAMILIES | $118,313 |
SAVE THE CHILDREN PURPOSE: HUMANITARIAN RELIEF EFFORTS AND GENERAL OPERATING EXPENSES | $815,040 |
HAWAI'I CONSERVATION ALLIANCE FOUNDATION PURPOSE: SUPPORT HAWAII'S EMERGING CONSERVATION PROFESSIONALS | $362,389 |
UH FOUNDATION PURPOSE: VARIOUS INVASIVE SPECIES AND ENVIRONMENTAL PROJECTS AND GRADUATE ASSISTANSHIPS | $1,080,681 |
HAWAII COMMUNITY FOUNDATION PURPOSE: FIELD BUILDING: CAPACITY BUILDING FOR SIX CDFI'S IN HAWAII. ENVIRONMENTAL FUNDERS GROUP SUPPORT. | $75,000 |
MAUI HULIAU FOUNDATION PURPOSE: ENVIRONMENT: GENERAL OPERATING AND PROGRAM SUPPORT FOR ENVIROMENTAL PROGRAMS | $70,000 |