Ronald K & Lella E Migita Foundation
- Assets
- $75.9k
- Revenue
- $65.5k
- Investments
- $63.7k
- Employees
- 0
- Location
- Aiea, HI
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 31-1611998
Organization Overview
Ronald K & Lella E Migita Foundation is located in Aiea, HI. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald K & Lella E Migita 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 12/2023, Ronald K & Lella E Migita Foundation generated $65.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $51.0k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 9 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 2015, Ronald K & Lella E Migita Foundation has awarded 113 individual grants totaling $230,874. 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 |
|---|---|---|---|
Ronald K Migita Pres/tres/dir | 0.25 | $0 | |
Lella E Migita V.p./sec/dir | 0.25 | $0 | |
Scott Y Migita Director | 0.25 | $0 | |
Gwen Y Migita Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,699 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,675 |
| Capital Gain Net Income | $22,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,329 |
| Contributions, gifts, grants paid | $47,650 |
| Total expenses and disbursements | $50,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,182 |
| 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 | $75,878 |
| 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, Ronald K & Lella E Migita Foundation has awarded $47,650 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE - GENERAL | $100 |
ARCADIA AT HOME PURPOSE: CHARITABLE - GENERAL | $2,500 |
HALE MAKUA HEALTH SERVICES PURPOSE: CHARITABLE - GENERAL | $1,000 |
FIRST BAPTIST CHURCH OF PEARL CITY PURPOSE: RELIGIOUS | $5,000 |
HAWAII COMMUNITY FOUNDATION PURPOSE: CHARITABLE - GENERAL | $10,000 |
HAWAII SPEECH LEAGUE PURPOSE: CHARITABLE - GENERAL | $250 |