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 4 years, the organization has seen revenues fall by an average of (22.6%) 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 339 individual grants totaling $4,177,627. 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 |
|---|---|---|---|
Franklin M Tokioka Incorporator/director | 1 | $0 | |
Colbert M Matsumoto Chairman/director | 1 | $0 | |
Lionel Y Tokioka Director | 1 | $0 | |
Tyler M Tokioka Secretary/director | 1 | $0 | |
Scott A Kuioka Treasurer | 1 | $0 | |
Dana M Tokioka President/executive Director | 10 | $43,924 |
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 |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $13,705 |
AFTER-SCHOOL ALL-STARS HAWAII PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $3,760 |
AMERICAN HEART ASSOCIATION PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $57,825 |
AMERICAN HUMANE ASSOCIATION PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $26 |
AMERICAN RED CROSS PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $2,500 |
BALLET HAWAII PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $5,000 |