Skip to content
Nonprofiteer
← STRAUB FOUNDATION

Form 990 for tax year 2024

Filed by STRAUB FOUNDATION.

Totals

Total revenue
$6,804,543
Total expenses
$2,703,798
Contributions and grants received
$6,028,804
Grants paid
$1,558,040
Program service revenue
$0
Investment income
$775,739
Other revenue
$0
Total assets, end of year
$44,169,748
Total liabilities, end of year
$1,595,327
Net assets or fund balances, end of year
$42,574,421
Program services expenses (Part IX)
$1,716,060
Management and general expenses
$542,182
Fundraising expenses
$445,556
Program service expenses (Part III)
$1,716,060

Program services were 63.5% 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.

  • 1f · All other contributions, gifts and grants

    $6,028,804

  • 1g · Noncash contributions included above

    $58,009

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $731,604 · excluded $731,604

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $424,388

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

    securities $380,253

  • 7c · Gain or loss

    securities $44,135 · other assets $0

  • 7d · Net gain or loss

    total $44,135 · excluded $44,135

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,558,040 · program services $1,558,040

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $13,763 · management and general $13,763

  • 11f · Fees: investment management

    total $4,199 · management and general $4,199

  • 11g · Fees: other

    total $855,477 · program services $158,020 · management and general $421,807 · fundraising $275,650

  • 13 · Office expenses

    total $16,661 · management and general $12,280 · fundraising $4,381

  • 14 · Information technology

    total $15,244 · fundraising $15,244

  • 16 · Occupancy

    total $27,248 · fundraising $27,248

  • 17 · Travel

    total $13,463 · fundraising $13,463

  • 19 · Conferences, conventions and meetings

    total $625 · fundraising $625

  • 22 · Depreciation, depletion and amortization

    total $2,370 · management and general $2,370

  • 23 · Insurance

    total $8,096 · management and general $8,096

  • 24a · Other expenses: CORPORATE ALLOCATION

    total $79,667 · management and general $79,667

  • 24b · Other expenses: PRINTING & DESIGN SVCS.

    total $95,280 · fundraising $95,280

  • 24c · Other expenses: DUES

    total $8,390 · fundraising $8,390

  • 24d · Other expenses: SUBSCRIPTION

    total $2,576 · fundraising $2,576

  • 24e · All other expenses

    total $2,699 · program services $0 · management and general $0 · fundraising $2,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,713,523 · end of year $21,803,623

  • 2 · Savings and temporary cash investments

    beginning of year $228,864 · end of year $384,769

  • 3 · Pledges and grants receivable

    beginning of year $7,599,119 · end of year $9,897,933

  • 4 · Accounts receivable

    beginning of year $327,708 · end of year $585,897

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $99,095

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

    $99,095

  • 10c · Land, buildings and equipment, net

    beginning of year $2,370 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,105,546 · end of year $2,258,611

  • 12 · Investments: other securities

    beginning of year $3,639,012 · end of year $4,864,914

  • 13 · Investments: program-related

    beginning of year $3,780,011 · end of year $3,780,011

  • 15 · Other assets

    beginning of year $780,447 · end of year $593,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $345,793 · end of year $330,498

  • 21 · Escrow or custodial account liability

    beginning of year $46,332 · end of year $41,269

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $289,668 · end of year $1,223,560

  • 27 · Net assets without donor restrictions

    beginning of year -$6,262,917 · end of year -$6,683,411

  • 28 · Net assets with donor restrictions

    beginning of year $43,757,724 · end of year $49,257,832

Mission and programs · 2024

Mission

THE MISSION OF STRAUB FOUNDATION IS TO CREATE A HEALTHIER HAWAI'I.

  • SEE SCHEDULE O

    Expenses $1,716,060 · Grants $1,558,040

As filed on the 2024 return.

Listed in Part VII

  • Adelia Chung

    Board of Director, Vice Chair

    Total calculated
    $0
    Hours/week
    0.1

  • Jon Snook

    Board of Director, Chair

    Total calculated
    $0
    Hours/week
    0.1

  • Carol Ai-May

    Board of Director (part year)

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • D Matthew Pakkala

    Board of Director (part year)

    Total calculated
    $0
    Hours/week
    0.1

  • Edward Weldon MD

    Board of Director

    Total calculated
    $981,171
    From this org
    $0
    From related orgs
    $942,537
    Other
    $38,634
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $874,663 related
    Bonus
    $0
    Other
    $0 + $67,874 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $24,834 related
    Filer's total
    $0 + $981,171 related

  • Kenji MD Yamazaki

    Board of Director

    Total calculated
    $0
    Hours/week
    0.1

  • Kenton Eldridge

    Board of Director

    Total calculated
    $0
    Hours/week
    0.1

  • Peter Dames

    Board of Director

    Total calculated
    $0
    Hours/week
    0.1

  • Raymond P Vara Jr

    Board of Director

    Total calculated
    $5,445,826
    From this org
    $0
    From related orgs
    $3,043,387
    Other
    $2,402,439
    Hours/week
    0.1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,260,109 related
    Bonus
    $0 + $838,646 related
    Other
    $0 + $944,632 related
    Deferred
    $0 + $2,382,431 related
    Nontaxable benefits
    $0 + $20,008 related
    Filer's total
    $0 + $5,445,826 related

  • Sandy Fong

    Board of Director

    Total calculated
    $0
    Hours/week
    0.1

  • Carrie Ann Tsutsui

    Assistant Treasurer

    Total calculated
    $414,074
    From this org
    $0
    From related orgs
    $325,583
    Other
    $88,491
    Hours/week
    0.1 + 48.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,774 related
    Bonus
    $0 + $50,341 related
    Other
    $0 + $25,468 related
    Deferred
    $0 + $75,717 related
    Nontaxable benefits
    $0 + $12,774 related
    Filer's total
    $0 + $414,074 related

  • Charles R Ching

    Secretary

    Total calculated
    $1,220,638
    From this org
    $0
    From related orgs
    $822,744
    Other
    $397,894
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,816 related
    Bonus
    $0 + $166,082 related
    Other
    $0 + $163,846 related
    Deferred
    $0 + $380,936 related
    Nontaxable benefits
    $0 + $16,958 related
    Filer's total
    $0 + $1,220,638 related

  • David Okabe

    Treasurer

    Total calculated
    $1,874,387
    From this org
    $0
    From related orgs
    $1,305,584
    Other
    $568,803
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,373 related
    Bonus
    $0 + $209,979 related
    Other
    $0 + $471,232 related
    Deferred
    $0 + $551,845 related
    Nontaxable benefits
    $0 + $16,958 related
    Filer's total
    $0 + $1,874,387 related

  • Dawn Dunbar

    President

    Total calculated
    $592,692
    From this org
    $0
    From related orgs
    $459,578
    Other
    $133,114
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,138 related
    Bonus
    $0 + $88,166 related
    Other
    $0 + $45,274 related
    Deferred
    $0 + $105,915 related
    Nontaxable benefits
    $0 + $27,199 related
    Filer's total
    $0 + $592,692 related

  • Jessica Lewis

    Assistant Secretary

    Total calculated
    $238,817
    From this org
    $0
    From related orgs
    $190,855
    Other
    $47,962
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,430 related
    Bonus
    $0 + $7,827 related
    Other
    $0 + $598 related
    Deferred
    $0 + $18,897 related
    Nontaxable benefits
    $0 + $29,065 related
    Filer's total
    $0 + $238,817 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION'S PRESIDENT IS PAID BY ITS TAX EXEMPT PARENT, HAWAI'I PACIFIC HEALTH ('HPH'), AND IS DISCLOSED AS A PERSON PAID BY A RELATED ORGANIZATION. SEE SCHEDULE O, FORM 990, PART VI, SECTION B, LINE 15A FOR THE PROCESS USED BY HPH TO DETERMINE COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE RESTORATION PLAN WAS DESIGNED TO RESTORE BENEFITS THAT ARE LOST DUE TO LIMITS IMPOSED BY SECTIONS 401 AND 415 OF THE INTERNAL REVENUE CODE ON COMPENSATION CONSIDERED UNDER SUCH PLANS. AMOUNTS PAID OUT DURING THE YEAR BY RELATED ORGANIZATIONS: RAYMOND P. VARA JR. - $236,450 DAVID OKABE - $89,681 CHARLES R. CHING - $52,702 ANNUAL INCENTIVE PLAN THE ANNUAL INCENTIVE PLANS ARE AFFORDED TO EXECUTIVES BASED ON ANNUAL SYSTEM GOALS THAT ARE NOT BASED ON A PERCENTAGE OF NET EARNINGS. AMOUNTS PAID OUT DURING THE YEAR BY RELATED ORGANIZATIONS: RAYMOND P. VARA JR. - $763,646 DAVID OKABE - $209,979 CARRIE ANN TSUTSUI - $50,341 CHARLES R. CHING - $166,083 DAWN DUNBAR - $88,166 RETENTION INCENTIVE PLAN THE RETENTION INCENTIVE PLAN WAS DESIGNED TO ENCOURAGE CONTINUED INTEREST IN THE SUCCESS OF THE ORGANIZATION AND PROVIDE COMPETITIVE RETIREMENT BENEFITS. THE PLAN DOES NOT REPLACE THE ANNUAL AND LONG-TERM INCENTIVE PLAN NOR THE SERP RESTORATION PLAN.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Honolulu Surgery Center LP

    N/A · AMBU. SURG. CTR. · TN

    Directly controlled by NA

  • Specialty Surgical Suites LLC

    N/A · AMBU. SURG. CTR. · HI

    Directly controlled by NA

  • HONOLULU IMAGING CENTER LLC

    N/A · DIAG. IMAGING CTR · DE

    Directly controlled by NA

  • HAWAI'I ISOTOPE TECHNOLOGY LLC

    N/A · PHARMACEUTICAL MANUFACTURING · HI

    Directly controlled by NA

  • ALL ACCESS ORTHO OAHU LLC

    N/A · URGENT CARE CLINICS · HI

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HAWAI'I PACIFIC HEALTH PARTNERS INC

    C Corporation · HOLDING COMPANY · HI

    Directly controlled by NA

  • STRAUB PHARMACY INC

    C Corporation · INACTIVE · HI

    Directly controlled by NA

  • HICORD INC

    C Corporation · INVESTMENT · HI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202601349349313640

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.