Foundation For Maryknoll School
- Assets
- $31.3m
- Revenue
- $1.6m
- Investments
- $22.0m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 38-3926901
Organization Overview
Foundation For Maryknoll School is located in Honolulu, HI. The organization was established in 1946. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Foundation For Maryknoll School 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 06/2021, Foundation For Maryknoll School generated $1.6m 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 (8.0%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXISTS SOLELY FOR THE BENEFIT OF MARYKNOLL SCHOOL, A ROMAN CATHOLIC SCHOOL LOCATED IN HONOLULU, HAWAII AND OPERATED BY SACRED HEART PARISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE EXCLUSIVELY FOR THE BENEFIT OF MARYKNOLL SCHOOL.
OPERATE EXCLUSIVELY FOR THE BENEFIT OF MARYKNOLL SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Sakamoto Vice President | OfficerTrustee | 1 | $0 |
Derrick Wong Treasurer | OfficerTrustee | 1 | $0 |
Galen Ho President | OfficerTrustee | 1 | $0 |
FR Ej Resinto Chair Of Members | Trustee | 1 | $0 |
Bishop Larry Silva Member | Trustee | 1 | $0 |
Emily Mccollum Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,873 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $774,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,779 |
| Total Program Service Revenue | $0 |
| Investment income | $432,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,182 |
| Net Gain/Loss on Asset Sales | $230,090 |
| Net Income from Fundraising Events | -$33,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,596,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,275 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,513 |
| Fees for services: Other | $11,935 |
| Advertising and promotion | $3,798 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,956 |
| Total functional expenses | $1,289,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,411 |
| Savings and temporary cash investments | $615,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,804 |
| 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 | $8,380,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,034,516 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,739 |
| Total assets | $31,325,164 |
| Accounts payable and accrued expenses | $281,471 |
| 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 | $33,114 |
| Total liabilities | $314,585 |
| Net assets without donor restrictions | $9,340,308 |
| Net assets with donor restrictions | $21,670,271 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $31,325,164 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Foundation For Maryknoll School has recieved totaling $641,048.
| Awarding Organization | Amount |
|---|---|
Clarence T C Ching Foundation Honolulu, HI PURPOSE: CAPITAL IMPROVEMENT | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $52,600 |
First Hawaiian Foundation Honolulu, HI PURPOSE: TO SUPPORT CAPITAL CAMPAIGN TO RENOVATE BACHELOT HALL INTO A PERFORMING ARTS CENTER AND PARISH HALL. | $50,000 |
First Hawaiian Foundation Honolulu, HI PURPOSE: TO SUPPORT CAPITAL CAMPAIGN TO RENOVATE BACHELOT HALL INTO A PERFORMING ARTS CENTER AND PARISH HALL. | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,007 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $750 |
Endowment Analysis
| Beg. Balance | $8,705,602 |
| Earnings | $4,054,576 |
| Net Contributions | $35,948 |
| Ending Balance | $12,796,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Eleven Counties Cement Masons Vacation Savings Plan Arcadia, CA | $5,589,566 | $20,011,615 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
United Cerebral Palsy Of The North Bay Inc Petaluma, CA | $59,140,035 | $20,488,544 |