Island Insurance Foundation
- Assets
- $22.9m
- Revenue
- $834.7k
- Investments
- $22.8m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 71-0894475
Organization Overview
Island Insurance Foundation is located in Honolulu, HI. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Island Insurance 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, Island Insurance Foundation generated $834.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Island Insurance Foundation has awarded 450 individual grants totaling $5,377,006. 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 |
|---|---|---|---|
Dana M Tokioka President/executive Director | 10 | $43,924 | |
Franklin M Tokioka Incorporator/director | 1 | $0 | |
Lionel Y Tokioka Director | 1 | $0 | |
Tyler M Tokioka Secretary/director | 1 | $0 | |
Scott A Kuioka Treasurer | 1 | $0 | |
Colbert M Matsumoto Chairman/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $813,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,850 |
| Capital Gain Net Income | $18,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $834,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,924 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,539 |
| Interest | $0 |
| Taxes | $24,902 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,182 |
| Printing and publications | $0 |
| Other expenses | $1,230 |
| Total operating and administrative expenses | $80,422 |
| Contributions, gifts, grants paid | $1,227,781 |
| Total expenses and disbursements | $1,308,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $844,286 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,451 |
| Total assets | $22,874,532 |
| 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 | $22 |
| Total liabilities | $22 |
Grants Awarded
Over the last fiscal year, Island Insurance Foundation has awarded $1,616,281 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
STRAUB FOUNDATION PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $150,000 |
UNIVERSITY OF HAWAII FOUNDATION - SHIDLER SCHOOL OF BUSINESS (PACE PITCH) PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $150,000 |
Honolulu, HI PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $115,900 |
STRAUB FOUNDATION PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $100,000 |
Honolulu, HI PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $100,000 |
PUBLIC SCHOOLS OF HAWAII FOUNDATION PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |
Borina Foundation Burlingame, CA | $0 | $77,406 |
Wurwand Foundation Encino, CA | $60,540,784 | $10,003,988 |
Robert E Black Memorial Trust Honolulu, HI | $47,344,288 | $5,116,085 |
Alexander M And June L Maisin Foundation San Francisco, CA | $67,692,804 | $3,436,025 |