Parker Ranch Foundation Tr 091092
- Assets
- $269.1m
- Revenue
- $7.2m
- Investments
- $79.1m
- Employees
- 0
- Location
- Kamuela, HI
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 99-6064620
Organization Overview
Parker Ranch Foundation Tr 091092 is located in Kamuela, HI. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Parker Ranch Foundation Tr 091092 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, Parker Ranch Foundation Tr 091092 generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $11.7m during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 7 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 2014, Parker Ranch Foundation Tr 091092 has awarded 28 individual grants totaling $19,889,179. 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 Mission:
Part 3 - Line 1
PROVIDING PERPETUAL SUPPORT FOR DESIGNATED BENEFICIARIES ENGAGED IN...(CONTINUED ON SCHEDULE O) ... (CONTINUED FROM PAGE 1) HEALTHCARE, EDUCATION AND CHARITABLE PURPOSES FOR THE BENEFIT OF THE KAMUELA AREA, THROUGH THE SOUND MANAGEMENT AND PRUDENT INVESTMENT OF TRUST ASSETS. THE DESIGNATED BENEFICIARIES OF THE TRUST ARE QUEEN'S NORTH HAWAII COMMUNITY HOSPITAL, INC., RICHARD SMART FUND, A COMPONENT OF THE HAWAII COMMUNITY FOUNDATION, HAWAII PREPARATORY ACADEMY AND PARKER SCHOOL.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy E Johns Trustee | Trustee | 24 | $95,000 |
Michael W Gibson Trustee | Trustee | 24 | $90,000 |
Michael K Fujimoto Trustee | Trustee | 24 | $90,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust Investment Management | 12/30/21 | $186,310 |
Schlack Ito Legal | 12/30/21 | $180,258 |
Callan Investment Consulting | 12/30/21 | $103,494 |
Carlsmith Ball Llp Legal | 12/30/21 | $179,984 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,249,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,202,160 |
| Net Gain/Loss on Asset Sales | $3,592,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,172,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,675,509 |
| 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. | $275,000 |
| 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 | $91,595 |
| Fees for services: Accounting | $68,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $186,310 |
| Fees for services: Other | $74,632 |
| Advertising and promotion | $0 |
| Office expenses | $8,971 |
| Information technology | $1,256 |
| Royalties | $0 |
| Occupancy | $63,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $430 |
| Interest | $73,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $394,963 |
| Insurance | $75,630 |
| All other expenses | -$100,708 |
| Total functional expenses | $11,669,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,717,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,069 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $92,703 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $132,600,729 |
| Investments—publicly traded securities | $53,935,929 |
| Investments—other securities | $79,077,972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $467,972 |
| Total assets | $269,073,510 |
| Accounts payable and accrued expenses | $74,569 |
| Grants payable | $3,675,486 |
| Deferred revenue | $176,859 |
| 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 | $2,650,000 |
| Other liabilities | $105,113 |
| Total liabilities | $6,682,027 |
| Net assets without donor restrictions | $262,391,483 |
| 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 | $269,073,510 |
Grants Awarded
Over the last fiscal year, Parker Ranch Foundation Tr 091092 has awarded $3,675,509 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Kamuela, HI PURPOSE: GENERAL SUPPORT FOR HOSPITAL IN THE KAMUELA AREA | $1,764,245 |
Honolulu, HI PURPOSE: GENERAL SUPPORT FOR FOUNDATION IN THE KAMUELA AREA | $735,102 |
Kamuela, HI PURPOSE: GENERAL SUPPORT FOR SCHOOL IN THE KAMUELA AREA | $588,081 |
Kamuela, HI PURPOSE: GENERAL SUPPORT FOR SCHOOL IN THE KAMUELA AREA | $588,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
United Way Inc Los Angeles, CA | $90,203,286 | $68,762,414 |
Inland Southern California United Way Rancho Cucamonga, CA | $4,994,163 | $30,713,140 |
Daughters Of Charity Foundation Los Angeles, CA | $457,947,598 | $21,458,667 |
United Way Of The Bay Area San Francisco, CA | $48,210,343 | $41,978,143 |
United Way Of Santa Barbara County Inc Santa Barbara, CA | $15,549,253 | $21,862,789 |
Giving Back Fund Inc Los Angeles, CA | $11,057,964 | $16,121,591 |
Lutheran Social Services Of Southern California Orange, CA | $12,433,433 | $19,852,722 |
United Way California Capital Region Sacramento, CA | $17,085,587 | $25,165,420 |
Parker Ranch Foundation Tr 091092 Kamuela, HI | $269,073,510 | $7,172,423 |
Blaise Foundation Claremont, CA | $0 | $239,814 |