Haigo & Irene Shen Foundation
- Assets
- $2.3m
- Revenue
- $54.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 86-1099301
Organization Overview
Haigo & Irene Shen Foundation is located in Honolulu, HI. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Haigo & Irene Shen 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 12/2023, Haigo & Irene Shen Foundation generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $126.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Haigo & Irene Shen Foundation has awarded 42 individual grants totaling $745,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JOHNS UNIVERSITY
UNIVERSITY OF HAWAII FOUNDATION
EAST-WEST CENTER FOUNDATION
SOAR FOUNDATION ($15000) CHARITABLE PLUS TRUST, INC. ($10000) RENEWAL FOUDATION ($5000)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Bonnie Yip President | 1 | $0 | |
Mrs Lulu Shen-Chow VP | 1 | $0 | |
Mrs Richard Cheung Secretart/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $80,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,236 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,000 |
| Total operating and administrative expenses | $26,840 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $126,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,280 |
| 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 | $8,774 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,904,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $311,881 |
| Total assets | $2,278,391 |
| 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, Haigo & Irene Shen Foundation has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN'S UNIVERSITY PURPOSE: EDUCATION BUILDING RENOVATION | $30,000 |
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: EDUCATION | $20,000 |
SOAR FOUNDATION PURPOSE: EDUCATION | $15,000 |
EAST-WEST CENTER FOUNDATION PURPOSE: EDUCATION | $20,000 |
RENEWAL FOUNDATION PURPOSE: EDUCATION | $5,000 |
PLUS CHARITABLE TRUST INC PURPOSE: EDUCATION | $10,000 |