Central Pacific Bank Foundation
- Assets
- $6.4m
- Revenue
- $815.4k
- Investments
- $6.2m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 39-2068708
Organization Overview
Central Pacific Bank Foundation is located in Honolulu, HI. The organization was established in 2008. 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. Central Pacific Bank 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, Central Pacific Bank Foundation generated $815.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Central Pacific Bank Foundation has awarded 623 individual grants totaling $9,404,605. 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
THE FOUNDATION MADE PAYMENTS TO ELIGIBLE EMPLOYEES OF CENTRAL PACIFIC BANK. DURING THE TAX YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION MADE A PAYMENT TO TEN EMPLOYEES AFFECTED BY THE MAUI WILDFIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Ngo President | 2 | $0 | |
David Morimoto VP & Treasurer | 0.2 | $0 | |
Arnold Martines Vice President | 0.2 | $0 | |
Paul Yonamine Vice President | 0.2 | $0 | |
Glen Ching Vice President | 0.2 | $0 | |
Keith Amemiya Executive Director & Secretary | 40 | $3,125 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Pacific Bank | 12/30/20 | $181,111 |
Iq 360 Inc | 12/30/20 | $83,076 |
Phenomenon Marketing & Entertainment | 12/30/20 | $183,000 |
Central Pacific Bank | 12/30/20 | $0 |
Iq 360 Inc | 12/30/20 | $0 |
Phenomenon Marketing Entertainmen | 12/30/20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,279 |
| Interest on Savings | $0 |
| Dividends & Interest | $220,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $559,809 |
| Capital Gain Net Income | $559,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,441 |
| Total Revenue | $815,408 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,023 |
| Total operating and administrative expenses | $237,372 |
| Contributions, gifts, grants paid | $1,160,811 |
| Total expenses and disbursements | $1,398,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,561 |
| Savings and temporary cash investments | $200,415 |
| 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 | $2,686,361 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,449,681 |
| 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, Central Pacific Bank Foundation has awarded $1,660,811 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT FRIENDS FOR YOUTH PURPOSE: 37TH ANNUAL CELEBRATION OF YOUTH | $3,500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $5,000 |
AIO FOUNDATION PURPOSE: WE BY RISING TIDE PROGRAM | $56,450 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $595 |
AMERICAN LUNG ASSOCIATION PURPOSE: GENERAL SUPPORT | $5,000 |