Hawaii Community Foundation
- Assets
- $698.9m
- Revenue
- $96.1m
- Investments
- $1.7m
- Employees
- 73
- Location
- Honolulu, HI
- Founding
- 07/1996
- Data as of
- 12/2019
- EIN
- 99-0261283
Hawaii Community Foundation Overview
Hawaii Community Foundation is located in Honolulu, HI. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Hawaii Community Foundation employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Hawaii Community Foundation generated $96.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $60.2m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAWAII COMMUNITY FOUNDATION THROUGH ITS GRANTMAKING AND PROGRAM SERVICES HAS ASSISTED 1,104 ORGANIZATIONS AND OTHERS TO ACHIEVE A BETTER COMMUNITY IN HAWAII. GRANT MAKING OCCURS IN SIX DIFFERENT PROGRAM AREAS AS DESCRIBED ON THE ATTACHED STATEMENT (SEE STATEMENT 2-NOTE: TIMING DIFFERENCES & INCLUSION OF ADMINISTRATIVE EXPENSES RESULT IN A DIFFERENCE IN TOTALS)
HAWAII COMMUNITY FOUNDATION ASSISTS PRIVATE FOUNDATIONS AND OTHER ORGANIZATIONS IN THEIR COMMUNITY GRANT MAKING BY PROVIDING GRANT EVALUATION AND GRANT MANAGEMENT SERVICES. THROUGH THIS ACTIVITY HAWAII COMMUNITY FOUNDATION HAS FACILITATED AN ADDITIONAL 8,900,000 OF COMMUNITY GRANT MAKING BY THESE FOUNDATIONS AND ORGANIZATIONS. A PORTION OF THE REVENUE HAS BEEN DETERMINED TO BE UNRELATED BUSINESS INCOME BUT ALL REVENUE RELATED TO THIS ACTIVITY IS CONSIDERED CORE TO HAWAII COMMUNITY FOUNDATION'S MISSION AND OFFSETS THE RELATED COSTS OF PROVIDING THESE SERVICES. IT IS CURRENTLY IMPRACTICAL TO SEGREGATE REVENUE THAT IS NOT CONSIDERED UNRELATED BUSINESS INCOME.
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Hawaii Community Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micah Kane CEO & Presid | Officer | 60 | $295,720 |
Christine Van Bergeijk Svp-Strat In | Officer | 60 | $233,641 |
Katharine Lloyd Svp-General | Officer | 60 | $226,584 |
Myles Shibata Vp-Mrktg Ini | 60 | $184,477 | |
Wallace Gk Chin Svp-Cfo | Officer | 60 | $181,892 |
Thomas Kelly Jr Vp-Knowldg,e | 60 | $165,532 |
Hawaii Community Foundation Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of Hawaii Trustee & Inves | 12/30/19 | $1,294,146 |
First Hawaiian Bank - Wealth Managem Trustee & Inves | 12/30/19 | $1,188,835 |
Hawaii Public Health Institute Public Ed/advo | 12/30/19 | $453,420 |
Wall-to-wall Studios Inc Adv/des Consult | 12/30/19 | $145,665 |
Professional Data Analysts Inc Program Eval | 12/30/19 | $131,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,368,342 |
| Government grants | $3,544,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,687,909 |
| Noncash contributions included in lines 1a–1f | $32,439,582 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,601,007 |
| Total Program Service Revenue | $1,376,381 |
| Investment income | $11,482,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,526,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,096,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,377,833 |
| Grants and other assistance to domestic individuals. | $3,763,637 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,652 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,820,121 |
| Compensation of current officers, directors, key employees. | $922,831 |
| Compensation to disqualified persons | $185,126 |
| Other salaries and wages | $4,544,369 |
| Pension plan accruals and contributions | $370,378 |
| Other employee benefits | $624,189 |
| Payroll taxes | $444,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,494 |
| Fees for services: Accounting | $46,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,592 |
| Fees for services: Other | $2,534,502 |
| Advertising and promotion | $308,922 |
| Office expenses | $78,722 |
| Information technology | $217,648 |
| Royalties | $0 |
| Occupancy | $622,177 |
| Travel | $109,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $607,522 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,262 |
| Insurance | $30,960 |
| All other expenses | $0 |
| Total functional expenses | $60,187,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $326,714 |
| Investments—publicly traded securities | $696,378,790 |
| Investments—other securities | $1,748,221 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,921 |
| Total assets | $698,916,314 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $62,754,591 |
| Total liabilities | $62,754,591 |
| Net assets without donor restrictions | $614,086,741 |
| Net assets with donor restrictions | $22,074,982 |
| 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 | $698,916,314 |
Hawaii Community Foundation Grants Recieved
Over the last fiscal year, we have identified 14 grants that Hawaii Community Foundation has recieved totaling $5,263,880.
| Awarding Organization | Amount |
|---|---|
The Ifuku Family Foundation Honolulu, HI PURPOSE: THE FOUNDATION'S TRUSTEES DESIRED TO TRANSITION THE FOUNDATION'S ADMINISTRATION, MANAGEMENT AND OPERATIONS TO AN ORGANIZATION THAT WOULD CONTINUE WITH THE FOUNDERS PRIMARY CHARITABLE PURPOSE OF THE FOUNDATION. HAWAII COMMUNITY FOUNDATION (HCF). HCF IS A STEWARD OF MORE THAN 950 FUNDS, CREATED BY DONORS WHO DESIRE TO TRANSFORM LIVES AND IMPROVE COMMUNITIES. HCF WORKS WITH DONORS TO TAILOR A PROGRAM WHICH IS DONOR SPECIFIC. FOR MORE THAN 100 YEARS HCF HAS WORKED WITH DONORS TO MAKE A DIFFERENCE IN THE COMMUNITY. | $2,143,041 |
The Ifuku Family Foundation Honolulu, HI PURPOSE: THE FOUNDATION'S TRUSTEES DESIRED TO TRANSITION THE FOUNDATION'S ADMINISTRATION, MANAGEMENT AND OPERATIONS TO AN ORGANIZATION THAT WOULD CONTINUE WITH THE FOUNDERS PRIMARY CHARITABLE PURPOSE OF THE FOUNDATION. HAWAII COMMUNITY FOUNDATION (HCF). HCF IS A STEWARD OF MORE THAN 950 FUNDS, CREATED BY DONORS WHO DESIRE TO TRANSFORM LIVES AND IMPROVE COMMUNITIES. HCF WORKS WITH DONORS TO TAILOR A PROGRAM WHICH IS DONOR SPECIFIC. FOR MORE THAN 100 YEARS HCF HAS WORKED WITH DONORS TO MAKE A DIFFERENCE IN THE COMMUNITY. | $2,143,041 |
Macnaughton Foundation Honolulu, HI PURPOSE: COMMUNITY SUPPORT & STRENGTHENING | $600,000 |
Jewish Communal Fund New York, NY PURPOSE: General support | $200,000 |
Friends Of Hawaii Charities Inc Honolulu, HI PURPOSE: GENERAL SUPPORT | $100,000 |
Island Insurance Foundation Honolulu, HI PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $25,500 |
Endowment Analysis
| Beg. Balance | $440,506,034 |
| Earnings | $80,950,289 |
| Net Contributions | $22,461,070 |
| Other Expense | $99,381 |
| Grants | $18,640,151 |
| Ending Balance | $525,177,861 |
Hawaii Community Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County Community Foundation Newport Beach, CA | $365,423,567 | $141,757,091 |
The San Diego Foundation San Diego, CA | $1,065,212,876 | $147,340,158 |
East Bay Community Foundation Oakland, CA | $594,786,047 | $456,879,431 |
Hawaii Community Foundation Honolulu, HI | $698,916,314 | $96,096,508 |
Mayors Fund For Los Angeles Los Angeles, CA | $19,032,406 | $59,026,330 |
Santa Barbara Foundation Santa Barbara, CA | $392,665,597 | $29,668,906 |
North Valley Community Foundation Chico, CA | $73,552,900 | $23,908,330 |
Community Foundation For Monterey County Monterey, CA | $291,001,254 | $36,184,059 |
International Community Foundation National City, CA | $29,279,922 | $25,762,686 |
Community Foundation Sonoma County Santa Rosa, CA | $184,521,909 | $22,423,580 |
Sacramento Region Community Foundation Sacramento, CA | $156,284,714 | $21,564,845 |
Inland Empire Community Foundation Riverside, CA | $111,311,138 | $20,768,360 |
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