Pacific Rim Education Foundation Inc
- Assets
- $18.7m
- Revenue
- $99.4k
- Investments
- $14.0m
- Employees
- 2
- Location
- Kailua Kona, HI
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 99-0277983
Organization Overview
Pacific Rim Education Foundation Inc is located in Kailua Kona, HI. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Pacific Rim Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Rim Education Foundation Inc 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 12/2021, Pacific Rim Education Foundation Inc generated $99.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $254.9k during the year ending 12/2021. 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
WE SPONSOR EDUCATIONAL PROGRAMS, FUND CHARITABLE ACTIVITIES AND SUPPORT PRACTICES WHICH NURTURE LOVE, WISDOM, WELLNESS, AND PEACE WITHIN INDIVIDUALS AND FAMILIES, AND WHICH PROMOTE UNDERSTANDING AND CONNECTEDNESS AMONG COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 PREF CONTINUED TO SPONSOR PEACE-PROMOTING EDUCATIONAL PROGRAMS TO THE BEST OF ITS ABILITY DURING A PANDEMIC THAT CAUSED GATHERINGS TO CEASE FOR MOST OF THE YEAR. THE PREF OWNED HAWAIIAN QUEEN COFFEE GARDEN (HQCG) CONTINUES TO BE THE LOCATION FOR PEACE PROGRAMS, INTERFAITH MEETINGS AND PEACE-PROMOTING CONCERTS. THE LIST OF FAITH GROUPS HOLDING RELIGIOUS MEETINGS AT THE HQCG ON A REGULAR BASIS INCLUDES:KONA BETH SHALOM; KONA FAMILY CHURCH;UNITARIAN UNIVERSALISTS PREF'S PRESIDENT SELINA MOON HAS BEEN PARTNERING WITH THE WFWPI UN TEAM AND SPEARHEADED THEIR "GIVING FOR GOOD" FUNDRAISER. THIS FUNDRAISER IS RAISING AWARENESS ABOUT CLIMATE CHANGE AND SUSTAINABLE DEVELOPMENT AT THE UN, AS WELL AS THE IMPORTANCE OF REDUCING OUR CARBON FOOTPRINT. FUNDS RAISED BY THE GIVING FOR GOOD AUCTIONS ARE USED FOR HUMANITARIAN PROJECTS IN AFRICA, ALBANIA, PARAGUAY AND OTHER NATIONS. ON SATURDAY, FEBRUARY 6, 2021 THE WOMEN'S FEDERATION FOR WORLD PEACE AND GIVING FOR GOOD INTERNATIONAL HELD AN ONLINE FUNDRAISING EVENT CALLED "GIVING FOR GOOD: EARTH, OUR HOME. ALL LIFE, OUR FAMILY." THIS EVENT WAS HOSTED BY PREF'S PRESIDENT SELINA MOON, AND WAS HELD TO RAISE FUNDS FOR SELECT WFWPI PROJECTS AROUND THE WORLD RELATED TO CLIMATE ACTION, HUMANITARIAN EFFORTS AS WELL AS THE WFWPI UN OFFICE, AND WAS ATTENDED LIVE BY AROUND 400 PARTICIPANTS FROM 15 COUNTRIES. IN AUGUST, 2021 PREF AGREED TO RENT A PORTION OF THE HQCG TO A PRIVATE SCHOOL CALLED KOKUA ACADEMY WHICH HAS THE PHILOSOPHY OF "LIVING FOR THE SAKE OF OTHERS". AS WE BELIEVE THIS ALIGNS WITH PREF'S VALUES WE HAVE OFFERED THEM A DISCOUNTED RENT AS A CHARITABLE DONATION.PREF ALSO OPENED THE GROUNDS OF HQCG TO A FAMILY FOR A FULL DAY HO'OPONOPONO EVENT IN 2021. HO'OPONOPONO IS AN ANCIENT HAWAIIAN SPIRITUAL PRACTICE THAT INVOLVES LEARNING TO HEAL ALL THINGS BY ACCEPTING "TOTAL RESPONSIBILITY" FOR EVERYTHING THAT SURROUNDS US - CONFESSION, REPENTANCE, AND RECONCILIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selina Moon President, Chairperson | OfficerTrustee | 20 | $63,077 |
Dr Chizuko Allen Director And Secretary | OfficerTrustee | 2 | $0 |
Chuck Frumin Director | Trustee | 2 | $0 |
Farley Jones Director | Trustee | 2 | $0 |
Michael Kang Director | Trustee | 1 | $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 | $27,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,005 |
| Total Program Service Revenue | $0 |
| Investment income | $40,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,531 |
| Net Gain/Loss on Asset Sales | $3,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $75,900 |
| Compensation of current officers, directors, key employees. | $15,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,357 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,979 |
| Fees for services: Accounting | $1,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251 |
| Advertising and promotion | $0 |
| Office expenses | $3,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,558 |
| Travel | $704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,182 |
| Insurance | $3,781 |
| All other expenses | $680 |
| Total functional expenses | $254,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,190 |
| Savings and temporary cash investments | $25,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192 |
| 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 | $1,667,433 |
| Investments—publicly traded securities | $2,515,146 |
| Investments—other securities | $14,032,270 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,822 |
| Total assets | $18,727,084 |
| Accounts payable and accrued expenses | $6,944 |
| 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 | $2,400 |
| Total liabilities | $9,344 |
| Net assets without donor restrictions | $18,717,740 |
| Net assets with donor restrictions | $0 |
| 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 | $18,727,084 |
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