Ho Okako O Corporation
- Assets
- $1.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Honolulu, HI
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 76-0717301
Organization Overview
Ho Okako O Corporation is located in Honolulu, HI. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ho Okako O Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ho Okako O Corporation 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 06/2021, Ho Okako O Corporation generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 8.4% per year over the past 6 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.
Since 2015, Ho Okako O Corporation has awarded 24 individual grants totaling $19,333,562. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEADERSHIP, ACCOUNTABILITY, AND DIRECT SUPPORT TO HIGH QUALITY CHARTER SCHOOLS IN THE REINVENTION AND TRANSFORMATION OF PUBLIC EDUCATION FOR THE PURPOSE OF IMPROVING THE ACADEMIC AND PERSONAL GROWTH OF STUDENTS AND THE CONTRIBUTION OF SCHOOLS TO THEIR NATIVE HAWAIIAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HO'OKAKO'O CORPORATION PROVIDES VARIOUS PERSONNEL, MANAGEMENT, AND LEADERSHIP DEVELOPMENT SERVICES TOWARDS THE OPERATIONS OF WAIMEA MIDDLE SCHOOL, KUALAPU'U ELEMENTARY SCHOOL, AND KAMAILE ACADEMY. THE ORGANIZATION CHARGES A FEE FOR THESE COMPREHENSIVE SCHOOL SUPPORT SERVICES.
ASSIST SCHOOLS ALREADY IN OPERATION ON ISSUES THAT AFFECT ALL SCHOOLS IN THE PROGRAM. ACTIVITIES INCLUDE STUDENT LEARNING & ACHIEVEMENT, CURRICULUM DEVELOPMENT, STANDARDS/MEASUREMENT OF SUCCESS, TEACHER PROFESSIONAL DEVELOPMENT, STUDENT SUPPORT, AND RESOURCE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Y Gibson Executive Director | Officer | 40 | $130,800 |
Edward Kumau Pineda Akiona Secretary | OfficerTrustee | 4 | $0 |
Ivan Takushi Treasurer | OfficerTrustee | 4 | $0 |
Jonathan Ching Vice Chair | OfficerTrustee | 4 | $0 |
Pualani S Akana Chair | OfficerTrustee | 4 | $0 |
Susan Maddox Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,362,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,829,317 |
| Total Program Service Revenue | $708,316 |
| Investment income | $13,956 |
| 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 | $4,551,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,296,686 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,800 |
| Compensation of current officers, directors, key employees. | $15,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,156 |
| Payroll taxes | $36,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,018 |
| 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 | $133 |
| Insurance | $6,104 |
| All other expenses | $0 |
| Total functional expenses | $4,451,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $801,274 |
| Pledges and grants receivable | $345,948 |
| 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 | $14,000 |
| Net Land, buildings, and equipment | $2,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $336,344 |
| Total assets | $1,500,051 |
| Accounts payable and accrued expenses | $77,303 |
| Grants payable | $0 |
| Deferred revenue | $25,073 |
| 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 | $285,682 |
| Total liabilities | $388,058 |
| Net assets without donor restrictions | $1,009,515 |
| Net assets with donor restrictions | $102,478 |
| 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 | $1,500,051 |
Grants Awarded
Over the last fiscal year, Ho Okako O Corporation has awarded $3,296,686 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KAMAILE ACADEMY PURPOSE: MEAL FUNDING & EDUCATIONAL PROGRAM FUNDING | $2,013,947 |
KUALAPU'U SCHOOL PURPOSE: MEAL FUNDING & EDUCATIONAL PROGRAM FUNDING | $804,976 |
WAIMEA MIDDLE SCHOOL PURPOSE: MEAL FUNDING & EDUCATIONAL PROGRAM FUNDING | $477,763 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ho Okako O Corporation has recieved totaling $23,777.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $23,373 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |
Ace Charter School San Jose, CA | $8,656,644 | $20,001,670 |