Carole Kai Charities Inc
- Assets
- $1.3m
- Revenue
- $901.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 99-0314751
Organization Overview
Carole Kai Charities Inc is located in Honolulu, HI. The organization was established in 1994. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Carole Kai Charities 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 06/2021, Carole Kai Charities Inc generated $901.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $719.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 5 years. 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
ORGANIZE & OPERATE A COMMUNITY WIDE RUN/WALK IN ORDER TO OBTAIN FUNDS EXCLUSIVELY FOR VARIOUS CHARITIES IN THE STATE OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS ARE MADE TO SELECTED QUALIFIED CHARITABLE ORGANIZATIONS WHICH SERVE THE COMMUNITY NEEDS OF HAWAII (SEE FORM 990, SCHEDULE I ATTACHED FOR ORGANIZATIONS RECEIVING MORE THAN $5,000 OF AGGREGATED CONTRIBUTIONS DURING THE TAX YEAR)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Hagi Sec/treas | OfficerTrustee | 6 | $0 |
Lawrence Okinaga Chairperson | OfficerTrustee | 0.2 | $0 |
Carole Kai-Onouye President | OfficerTrustee | 6 | $0 |
Randy Hiraki Vice Pres | OfficerTrustee | 0.2 | $0 |
Robin K Campaniano Director | Trustee | 0.2 | $0 |
Unyong Nakata Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,397 |
| Total Program Service Revenue | $834,300 |
| Investment income | $18,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,864 |
| 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 | $25,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,640 |
| Advertising and promotion | $63,485 |
| Office expenses | $56,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,673 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202 |
| Insurance | $3,825 |
| All other expenses | $0 |
| Total functional expenses | $719,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,725 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $115,283 |
| 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 | $1,299 |
| Net Land, buildings, and equipment | $102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,294,409 |
| Accounts payable and accrued expenses | $3,544 |
| 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 | $18,350 |
| Total liabilities | $21,894 |
| Net assets without donor restrictions | $262,515 |
| Net assets with donor restrictions | $1,010,000 |
| 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 | $1,294,409 |
Grants Awarded
Over the last fiscal year, Carole Kai Charities Inc has awarded $210,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: SUPPORT THE HAWAII FOODBANK IN SUPPLYING FOOD TO THOSE IN NEED | $185,000 |
Honolulu, HI PURPOSE: TO SUPPORT CHILD DEVELOPMNT & SOCIAL SVC PRGRMS FOR YOUNG CHILDREN W/DEVELOPMENTAL CHALLENGES | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carole Kai Charities Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Franz Bakery Foundation Portland, OR PURPOSE: CHARITABLE | $2,500 |
Endowment Analysis
| Beg. Balance | $1,000,000 |
| Earnings | $18,754 |
| Other Expense | $18,754 |
| Ending Balance | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandler Foundation San Francisco, CA | $672,162,748 | $40,866,490 |
Liliuokalani Trust Honolulu, HI | $828,579,677 | $45,937,660 |
Anne Wojcicki Foundation Los Altos, CA | $0 | $168,879,733 |
Hollywood Foreign Press Association West Hollywood, CA | $72,579,265 | $17,312,742 |
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |