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Nonprofiteer
← MAUNALANI FOUNDATION

Form 990 for tax year 2022

Filed by MAUNALANI FOUNDATION.

Totals

Total revenue
-$1,271,646
Total expenses
$191,503
Contributions and grants received
$25,000
Grants paid
$0
Program service revenue
$550,000
Investment income
-$1,846,646
Other revenue
$0
Total assets, end of year
$40,786,468
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$40,786,468
Program services expenses (Part IX)
$185,716
Management and general expenses
$5,787
Fundraising expenses
$0
Program service expenses (Part III)
$185,716

Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $25,000

  • 2a · Program service revenue: RENTAL INCOME FROM MNRC

    total $550,000 · related or exempt $550,000

  • 3 · Investment income

    total $33 · excluded $33

  • 7a · Gross sales of assets other than inventory

    securities $17,910,555

  • 7b · Less cost or other basis and sales expenses

    securities $19,757,234

  • 7c · Gain or loss

    securities -$1,846,679

  • 7d · Net gain or loss

    total -$1,846,679 · excluded -$1,846,679

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $199 · management and general $199

  • 11g · Fees: other

    total $5,288 · management and general $5,288

  • 16 · Occupancy

    total $300 · management and general $300

  • 22 · Depreciation, depletion and amortization

    total $185,716 · program services $185,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,614 · end of year $37,962

  • 2 · Savings and temporary cash investments

    beginning of year $275,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $13,981,265

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,950,739

  • 10c · Land, buildings and equipment, net

    beginning of year $2,957,344 · end of year $3,030,526

  • 11 · Investments: publicly traded securities

    beginning of year $34,256,834 · end of year $37,292,643

  • 15 · Other assets

    beginning of year $955,282 · end of year $425,337

  • 27 · Net assets without donor restrictions

    beginning of year $38,041,792 · end of year $40,361,131

  • 28 · Net assets with donor restrictions

    beginning of year $405,282 · end of year $425,337

Mission and programs · 2022

Mission

FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF MAUNALANI NURSING AND REHABILITATION CENTER, A 501(C)(3) EXEMPT ORGANIZATION; AND IS RESPONSIBLE FOR NON-HEALTHCARE ACTIVITIES WHICH INCLUDE LEASING LAND AND A BUILDING TO MAUNALANI NURSING AND REHABILITATION CENTER.

  • SUPPORT OF MAUNALANI NURSING AND REHABILITATION CENTER, A 501(C)(3) TAX-EXEMPT ORGANIZATION, INCLUDING LEASING LAND AND A BUILDING TO MAUNALANI NURSING AND REHABILITATION CENTER.

    Expenses $185,716 · Revenue $550,000

As filed on the 2022 return.

Listed in Part VII

  • Joseph H Goldcamp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sai Chantavy

    CEO/SECRETARY

    Total calculated
    $282,755
    From this org
    $0
    From related orgs
    $262,244
    Other
    $20,511
    Hours/week
    10 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,244 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $7,867 related
    Nontaxable benefits
    $0 + $12,644 related
    Filer's total
    $0 + $282,755 related

  • David Todani

    VP & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • A James Wriston Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mel Choy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Sombrero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MAUNALANI NURSING AND REHABILITATION CENTER, A RELATED ORGANIZATION, COMPENSATES THE ORGANIZATION'S SECRETARY. MAUNALANI NURSING AND REHABILITATION CENTER USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION. - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202440759349301424

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