Kosasa Foundation
- Assets
- $131.4m
- Revenue
- $22.8m
- Investments
- $125.7m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/1994
- Data as of
- 07/2021
- EIN
- 99-0313279
Organization Overview
Kosasa Foundation is located in Honolulu, HI. The organization was established in 1994. 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. Kosasa 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 07/2021, Kosasa Foundation generated $22.8m in total revenue. All expenses for the organization totaled $6.9m during the year ending 07/2021. While expenses have increased by 97.0% per year over the past 3 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.
Since 2015, Kosasa Foundation has awarded 264 individual grants totaling $14,078,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Kosasa Pres/treas/director | 0 | $0 | |
Susan M Kosasa Vp/secy/direc | 0 | $0 | |
Gloria Gainsley Director | 0 | $0 | |
Riki Morimoto Independent Director | 0 | $0 | |
Thomas S Kosasa Director | 0 | $0 | |
Tracy Ide Independent Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Investment Group | 7/30/21 | $143,796 |
Accuity Llp | 7/30/21 | $58,648 |
Barrow Hanley Mewhinney & Strauss Llc | 7/30/21 | $115,403 |
Angeles Investment Advisors Llc | 7/30/21 | $66,265 |
Dennis Sugino Dba Kansa Advisory Llc | 7/30/21 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $137,682 |
| Dividends & Interest | $2,602,442 |
| Net Rental Income | $112,658 |
| Net Gain on Sale of Assets | $17,809,654 |
| Capital Gain Net Income | $17,809,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,010,771 |
| Total Revenue | $22,836,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $28,276 |
| Taxes | $437,539 |
| Depreciation | $28,371 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,980 |
| Total operating and administrative expenses | $1,360,852 |
| Contributions, gifts, grants paid | $5,501,000 |
| Total expenses and disbursements | $6,861,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997,565 |
| 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 | $4,695,237 |
| Investments—mortgage loans | $528,437 |
| Investments—other | $86,713,826 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $131,399,867 |
| 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, Kosasa Foundation has awarded $8,201,000 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION - KOSASA FAMILY FUND PURPOSE: GENERAL | $2,040,000 |
Honolulu, HI PURPOSE: UNRESTRICTED FUNDS | $1,750,000 |
Honolulu, HI PURPOSE: UNRESTRICTED FUNDS | $750,000 |
UH FOUNDATION (CULINARY INSTITUTE OF THE PACIFIC) PURPOSE: CIP AT DIAMOND HEAD | $300,000 |
YMCA OF HONOLULU PURPOSE: WAIANAE YMCA CIP | $300,000 |
YMCA OF HONOLULU PURPOSE: WAIANAE YMCA CIP | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |
Kenneth T And Eileen L Norris Foundation Long Beach, CA | $111,335,469 | $18,433,080 |
Ebay Foundation San Jose, CA | $60,566,868 | $33,616,987 |