Straub Foundation
- Assets
- $15.0m
- Revenue
- $4.2m
- Investments
- $3.0m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 06/1962
- Data as of
- 06/2021
- EIN
- 99-0109350
Organization Overview
Straub Foundation is located in Honolulu, HI. The organization was established in 1962. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Straub 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 06/2021, Straub Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.0% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 6.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STRAUB FOUNDATION IS TO CREATE A HEALTHIER HAWAI'I.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richanne Lam Board Of Director, Chair | OfficerTrustee | 0.1 | $0 |
Carrie Ann Tsutsui Assistant Treasurer | Officer | 0.1 | $0 |
David Okabe Treasurer | Officer | 0.1 | $0 |
Jessica Lewis Assistant Secretary | Officer | 0.5 | $0 |
Charles R Ching Secretary | Officer | 0.1 | $0 |
Dawn Dunbar President | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,023,335 |
| Noncash contributions included in lines 1a–1f | $198,058 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,023,335 |
| Total Program Service Revenue | $0 |
| Investment income | $1,169,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,723 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,202,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,156,697 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,498 |
| Fees for services: Other | $769,693 |
| Advertising and promotion | $10,588 |
| Office expenses | $10,803 |
| Information technology | $20,166 |
| Royalties | $0 |
| Occupancy | $22,432 |
| Travel | $2,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,739 |
| Insurance | $5,588 |
| All other expenses | $14,503 |
| Total functional expenses | $2,244,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,838,836 |
| Savings and temporary cash investments | $108,801 |
| Pledges and grants receivable | $3,396,420 |
| Accounts receivable, net | $392,388 |
| 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 | $0 |
| Net Land, buildings, and equipment | $16,589 |
| Investments—publicly traded securities | $1,972,973 |
| Investments—other securities | $3,045,033 |
| Investments—program-related | $3,696,041 |
| Intangible assets | $0 |
| Other assets | $548,183 |
| Total assets | $15,015,264 |
| Accounts payable and accrued expenses | $79,319 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $159,163 |
| 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 | $406,749 |
| Total liabilities | $645,231 |
| Net assets without donor restrictions | -$3,493,987 |
| Net assets with donor restrictions | $17,864,020 |
| 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 | $15,015,264 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Straub Foundation has recieved totaling $2,535,513.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $2,523,450 |
Aloha United Way Inc Honolulu, HI PURPOSE: GENERAL OPERATING GRANT | $12,063 |
Endowment Analysis
| Beg. Balance | $5,763,235 |
| Earnings | $1,501,526 |
| Admin Expense | $45,701 |
| Net Contributions | $37,951 |
| Other Expense | $75,550 |
| Ending Balance | $7,181,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olive View Ucla Education And Research Institute Inc Sylmar, CA | $10,446,395 | $11,985,019 |
Hawaii Hospital Education And Research Foundation Honolulu, HI | $1,734,095 | $6,267,769 |
Tower Cancer Research Foundation Beverly Hills, CA | $3,869,425 | $2,998,998 |
National Alopecia Areata Foundation San Rafael, CA | $2,724,730 | $2,397,922 |
Straub Foundation Honolulu, HI | $15,015,264 | $4,202,945 |
East Bay Institute For Research And Education Inc Rancho Cordova, CA | $1,016,635 | $1,200,121 |
California Institute For Medical Research San Jose, CA | $1,481,643 | $639,157 |
Harvey Bassett Clarke Foundation Palo Alto, CA | $174,247 | $0 |
Sherman Oaks Orthopaedic Research Foundation Inc Sherman Oaks, CA | $60,745 | $0 |
Los Angeles Biomedical Research Foundation At Harbor Ucla Medical Torrance, CA | $8,765 | $0 |