Form 990 for tax year 2022
Filed by FOUNDATION FOR MARYKNOLL SCHOOL.
Totals
- Total revenue
- $1,462,228
- Total expenses
- $3,348,094
- Contributions and grants received
- $875,973
- Grants paid
- $2,561,966
- Program service revenue
- $0
- Investment income
- $491,290
- Other revenue
- $94,965
- Total assets, end of year
- $31,546,549
- Total liabilities, end of year
- $1,762,293
- Net assets or fund balances, end of year
- $29,784,256
- Program services expenses (Part IX)
- $2,561,966
- Management and general expenses
- $29,555
- Fundraising expenses
- $756,573
- Program service expenses (Part III)
- $2,561,966
Program services were 76.5% 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
$875,973
-
3 · Investment income
total $499,718 · excluded $499,718
-
6a · Gross rents
real property $270,858
-
6b · Less rental expenses
real property $163,501
-
6c · Rental income or loss
real property $107,357
-
6d · Net rental income or loss
total $107,357 · related or exempt $107,357
-
7a · Gross sales of assets other than inventory
securities $2,455,587
-
7b · Less cost or other basis and sales expenses
securities $2,464,015
-
7c · Gain or loss
securities -$8,428
-
7d · Net gain or loss
total -$8,428 · related or exempt -$8,428
-
8a · Fundraising events: gross income
$16,830
-
8b · Fundraising events: direct expenses
$29,222
-
8c · Net income from fundraising events
total -$12,392 · excluded -$12,392
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,561,966 · program services $2,561,966
-
7 · Other salaries and wages
total $411,907 · fundraising $411,907
-
11c · Fees: accounting
total $550 · fundraising $550
-
11f · Fees: investment management
total $29,555 · management and general $29,555
-
11g · Fees: other
total $31,109 · fundraising $31,109
-
24a · Other expenses: OUTSIDE SERVICES
total $167,316 · fundraising $167,316
-
24b · Other expenses: ALUMNI
total $61,309 · fundraising $61,309
-
24c · Other expenses: BAD DEBTS
total $58,491 · fundraising $58,491
-
24d · Other expenses: LOCAL EXPENSES
total $16,729 · fundraising $16,729
-
24e · All other expenses
total $9,162 · fundraising $9,162
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,115,274 · end of year $486,359
-
2 · Savings and temporary cash investments
beginning of year $370,591 · end of year $1,982,011
-
4 · Accounts receivable
beginning of year $829,925 · end of year $736,601
-
9 · Prepaid expenses and deferred charges
end of year $79,870
-
10a · Land, buildings and equipment: cost or other basis
$9,437,412
-
10b · Land, buildings and equipment: accumulated depreciation
$1,049,173
-
10c · Land, buildings and equipment, net
beginning of year $8,400,256 · end of year $8,388,239
-
12 · Investments: other securities
beginning of year $19,453,880 · end of year $19,851,369
-
15 · Other assets
beginning of year $22,664 · end of year $22,100
-
17 · Accounts payable and accrued expenses
beginning of year $1,046,984 · end of year $1,734,193
-
19 · Deferred revenue
end of year $6,000
-
25 · Other liabilities
beginning of year $22,664 · end of year $22,100
-
27 · Net assets without donor restrictions
beginning of year $8,785,558 · end of year $8,312,722
-
28 · Net assets with donor restrictions
beginning of year $21,337,384 · end of year $21,471,534
Mission and programs · 2022
Mission
THE FOUNDATION EXISTS SOLELY FOR THE BENEFIT OF MARYKNOLL SCHOOL, A ROMAN CATHOLIC SCHOOL LOCATED IN HONOLULU, HAWAII AND OPERATED BY SACRED HEART PARISH.
Activities or mission (Part I)
EXISTS SOLELY FOR THE BENEFIT OF MARYKNOLL SCHOOL, A ROMAN CATHOLIC SCHOOL LOCATED IN HONOLULU, HAWAII AND OPERATED BY SACRED HEART PARISH.
-
OPERATE EXCLUSIVELY FOR THE BENEFIT OF MARYKNOLL SCHOOL.
Expenses $2,561,966 · Grants $2,561,966
As filed on the 2022 return.
Listed in Part VII
-
KEVIN SAKAMOTO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
CORI WESTON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DERRICK WONG
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
FR EJ RESINTO
CHAIR OF MEMBERS
- Total calculated
- $0
- Hours/week
- 1
-
BISHOP LARRY SILVA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PAUL CHINEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PETER FONG
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
AL WONG
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
EMILY MCCOLLUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN HIGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY MIZUNO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROSS MURAKAMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
H BRIAN MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$2,561,966
SCHOOL SCHOLARSHIP FUND AND VARIOUS SCHOOL PROGRAMS.
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.
-
501(C)(3) · SCHOOL · HI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420299349301497
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