Liljestrand Foundation
- Assets
- $3.7m
- Revenue
- $432.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 26-1319784
Organization Overview
Liljestrand Foundation is located in Honolulu, HI. The organization was established in 2008. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liljestrand 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, Liljestrand Foundation generated $432.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $356.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PRESERVING THE LILJESTRAND HOME, ITS CONTENTS, AND ITS ARCHITECTURAL DOCUMENTATION AS AN IMPORTANT CASE STUDY OF MID-TWENTIETH CENTURY HAWAIIAN ARCHITECTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shan Liljestrand President | 3 | $0 | |
Joseph Ferraro Treasurer | 3 | $0 | |
Jack Gillmar Secretary | 3 | $0 | |
Brian Lam Member | 0.5 | $0 | |
William Chapman Member | 0.5 | $0 | |
Dean Sakamoto Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,715 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,478 |
| Net Rental Income | $191,157 |
| Net Gain on Sale of Assets | $14,581 |
| Capital Gain Net Income | $14,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,012 |
| Total Revenue | $432,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,500 |
| Other employee salaries and wages | $74,173 |
| Pension plans, employee benefits | $6,024 |
| Interest | $136 |
| Taxes | $8,116 |
| Depreciation | $11,978 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $10,230 |
| Other expenses | $118,900 |
| Total operating and administrative expenses | $356,600 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $356,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,222 |
| Savings and temporary cash investments | $24,245 |
| 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 | $38,757 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,050,500 |
| Net Land, buildings, and equipment | $1,735,715 |
| Other assets | $0 |
| Total assets | $3,654,680 |
| Accounts payable and accrued expenses | $4,617 |
| 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 | $4,617 |