Lawakua Charitable Fund
- Assets
- $2.3m
- Revenue
- $548.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Honolulu, HI
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-3731349
Organization Overview
Lawakua Charitable Fund is located in Honolulu, HI. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Lawakua Charitable Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawakua Charitable Fund 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, Lawakua Charitable Fund generated $548.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $309.1k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OVER ITS HISTORY, LAWAKUA HAS GUIDED HUNDREDS OF DISADVANTAGED YOUTH TO A MORE HOPEFUL FUTURE. THE PROGRAM USES MARTIAL ARTS TO TEACH CONFIDENCE, COORDINATION, STRUCTURE, AND DISCIPLINE TO YOUTH, WITH A FOCUS ON AT-RISK AND LOW-INCOME CHILDREN. LAWAKUA ALSO PROVIDES EDUCATIONAL ASSISTANCE, SUCH AS COVERING TUITION PAYMENTS TO PRIVATE SCHOOLS FOR THE AT-RISK YOUTH PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAWAKUA CHARITABLE FUND RECRUITS AT-RISK AND LOW-INCOME CHILDREN TO JOIN ITS MARTIAL ARTS CLUB. THEY LEARN DISCIPLINE, HARD WORK, SELF-DEFENSE, TEAM COLLABORATION, AND RESPECT FOR OTHERS. THE ORGANIZATION ALSO USES MARTIAL ARTS TO INSTILL CONFIDENCE, COORDINATION, AND STRUCTURE TO GUIDE YOUTH AND PROVIDE THEM WITH EDUCATIONAL ASSISTANCE, SUCH AS TUITION PAYMENTS, SCHOOL SUPPLIES, SCHOOL BOOKS, UNIFORMS AND MEALS. THE ORGANIZATION ALSO PROVIDES ALL OF THE NECESSARY MARTIAL ARTS EQUIPMENT AND GEAR FOR THE CHILDREN WHO ARE PARTICIPATING IN THE PROGRAM.IN-PERSON KAJUKENBO CLASSES STARTED UP AGAIN IN 2022 AND NOW ARE HELD THREE TIMES A WEEK ON TUESDAYS, FRIDAYS AND SATURDAYS. COVID VACCINATIONS ARE REQUIRED FOR ALL PARTICIPANTS. CLASSES WERE HELD AT KUHIO PARK TERRACE ONLY, AND NO LONGER OFFERED AT PALAMA SETTLEMENT AND HALAWA HOUSING. MID 2022, A THIRD CLASS WAS ADDED ON TUESDAYS. VIRTUAL TUTORING SERVICES CONTINUED AS STUDENTS PREFERRED VIRTUAL OVER IN-PERSON SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Levi President And Chairman Of The Board | OfficerTrustee | 10 | $0 |
Nick Dreher Vice Chairman | OfficerTrustee | 0.5 | $0 |
Alexander Fergus Treasurer | OfficerTrustee | 0.5 | $0 |
Lauren Nahme Secretary | OfficerTrustee | 0.5 | $0 |
Sara Ayabe Director | Trustee | 0.5 | $0 |
Mahina Hugo Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,950 |
| Total Program Service Revenue | $0 |
| Investment income | $42,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $145,993 |
| 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 | $74,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,743 |
| Payroll taxes | $7,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $888 |
| Fees for services: Accounting | $31,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,365 |
| Fees for services: Other | $4,011 |
| Advertising and promotion | $120 |
| Office expenses | $1,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,321 |
| 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 | $619 |
| All other expenses | $0 |
| Total functional expenses | $309,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,000 |
| Accounts receivable, net | $0 |
| 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 | $2,798 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,871,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,276,937 |
| Accounts payable and accrued expenses | $4,464 |
| 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 | $0 |
| Total liabilities | $4,464 |
| Net assets without donor restrictions | $1,966,760 |
| Net assets with donor restrictions | $305,713 |
| 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 | $2,276,937 |