Charles & Mitch Ota Foundation
- Assets
- $24.1m
- Revenue
- $4.4m
- Investments
- $18.3m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 46-3255584
Organization Overview
Charles & Mitch Ota Foundation is located in Honolulu, HI. The organization was established in 2013. 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. Charles & Mitch Ota 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, Charles & Mitch Ota Foundation generated $4.4m in total revenue.
Since 2020, Charles & Mitch Ota Foundation has awarded 54 individual grants totaling $2,712,932. 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 |
|---|---|---|---|
Ryan Odanaka President | 1 | $0 | |
Doreen L Mizuki Secretary & Treasurer | 1 | $0 | |
Leslie T Okamura Vp, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,471,101 |
| Dividends & Interest | $384,468 |
| Net Rental Income | -$5,866 |
| Net Gain on Sale of Assets | $1,518,601 |
| Capital Gain Net Income | $1,518,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,388,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,256 |
| Total operating and administrative expenses | $227,630 |
| Contributions, gifts, grants paid | $956,932 |
| Total expenses and disbursements | $1,184,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,444 |
| Savings and temporary cash investments | $500,064 |
| 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 | $5,360,820 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,273,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,135,924 |
| 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 | $24 |
| Total liabilities | $24 |
Grants Awarded
Over the last fiscal year, Charles & Mitch Ota Foundation has awarded $956,932 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF MAUI WAENA INTERMEDIATE SCHOOL PURPOSE: AVID PROGRAMS | $10,000 |
HAWAII COMMUNITY FOUNDATION PURPOSE: CHARLES AND MITCH OTA FOUNDATION FUND | $100,000 |
HAWAII COMMUNITY FOUNDATION PURPOSE: CHARLES AND MITCH OTA FOUNDATION FUND | $133,932 |
HAWAII COMMUNITY FOUNDATION PURPOSE: STRONGER TOGETHER SCHOLARSHIP FUND | $285,000 |
MAUI HIGH SCHOOL FOUNDATION PURPOSE: AVID PROGRAMS | $20,000 |
HP BALDWIN HIGH SCHOOL FOUNDATION PURPOSE: AVID PROGRAMS | $20,000 |