Sac Foundation
- Assets
- $288.2k
- Revenue
- $190.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- Data as of
- 12/2022
- EIN
- 85-0578828
Organization Overview
Sac Foundation is located in Honolulu, HI. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sac 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, Sac Foundation generated $190.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (57.2%) each year. All expenses for the organization totaled $160.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (55.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Gangloff Director | 5 | $0 | |
Joy Gangloff Director | 5 | $0 | |
Rylen Yamamoto Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $159,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,127 |
| Total Revenue | $190,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $70,264 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,482 |
| Depreciation | $0 |
| Occupancy | $19,364 |
| Travel, conferences, and meetings | $2,572 |
| Printing and publications | $0 |
| Other expenses | $54,561 |
| Total operating and administrative expenses | $160,243 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $160,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,164 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $288,164 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sac Foundation has awarded $120,480 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH PURPOSE: TO FURTHER THEIR CHARITABLE PURPOSE | $100,000 |
BIG BROTHERS BIG SISTERS PURPOSE: TO FURTHER THEIR CHARITABLE PURPOSE | $480 |
HAWAII MEALS ON WHEELS PURPOSE: TO FURTHER THEIR CHARITABLE PURPOSE | $10,000 |
HAWAII FOODBANK PURPOSE: TO FURTHER THEIR CHARITABLE PURPOSE | $10,000 |