Joe & Sue Naritoku Charitable Foundation
- Assets
- $194.1k
- Revenue
- $18.7k
- Investments
- $194.2k
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 04/1991
- Data as of
- 09/2023
- EIN
- 33-0449436
Organization Overview
Joe & Sue Naritoku Charitable Foundation is located in San Diego, CA. 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. Joe & Sue Naritoku Charitable 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 09/2023, Joe & Sue Naritoku Charitable Foundation generated $18.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $27.5k during the year ending 09/2023. While expenses have increased by 8.3% per year over the past 7 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, Joe & Sue Naritoku Charitable Foundation has awarded 44 individual grants totaling $122,130. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ASSISTANCE AND/OR FINANCIAL SUPPORT TO FUND RAISING EFFORTS OF CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue S Naritoku President | 1 | $0 | |
Patricia Masuda Secretary | 1 | $0 | |
Milton Low Treasurer | 1 | $0 | |
Norman Naritoku Vice President | 1 | $0 | |
Daniel Naritoku Director | 1 | $0 | |
Jerry Lee Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $4,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,547 |
| Capital Gain Net Income | $14,547 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,267 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $7,482 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $27,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,226 |
| Savings and temporary cash investments | -$3,290 |
| 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 | $194,097 |
| 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, Joe & Sue Naritoku Charitable Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL FRIENDS OF THE VALLEY PURPOSE: GENERAL SUPPORT | $2,500 |
HAWAII COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
HEADS UP YOUTH FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
NATIONAL ASSOCIATION OF MUSIC ANGEL PURPOSE: GENERAL SUPPORT | $10,000 |