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Nonprofiteer
← KUAKINI FOUNDATION

Form 990 for tax year 2022

Filed by KUAKINI FOUNDATION.

Totals

Total revenue
$3,608,097
Total expenses
$7,765,210
Contributions and grants received
$3,617,964
Grants paid
$7,167,841
Program service revenue
$0
Investment income
-$155,439
Other revenue
$145,572
Total assets, end of year
$11,288,362
Total liabilities, end of year
$12,426,865
Net assets or fund balances, end of year
-$1,138,503
Program services expenses (Part IX)
$7,524,273
Management and general expenses
$90,964
Fundraising expenses
$149,973
Program service expenses (Part III)
$7,524,273

Program services were 96.9% 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.

  • 1c · Fundraising events

    $42,380

  • 1f · All other contributions, gifts and grants

    $3,575,584

  • 3 · Investment income

    total $66,796 · excluded $66,796

  • 6a · Gross rents

    real property $184,306

  • 6b · Less rental expenses

    real property $190,839

  • 6c · Rental income or loss

    real property -$6,533

  • 6d · Net rental income or loss

    total -$6,533 · excluded -$6,533

  • 7a · Gross sales of assets other than inventory

    securities $3,030,628

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

    securities $3,252,863

  • 7c · Gain or loss

    securities -$222,235

  • 7d · Net gain or loss

    total -$222,235 · excluded -$222,235

  • 8a · Fundraising events: gross income

    $232,826

  • 8a · Fundraising events: contributions included on line 1c

    $42,380

  • 8b · Fundraising events: direct expenses

    $80,721

  • 8c · Net income from fundraising events

    total $152,105 · excluded $152,105

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,167,841 · program services $7,167,841

  • 7 · Other salaries and wages

    total $194,041 · program services $87,318 · management and general $38,808 · fundraising $67,915

  • 9 · Other employee benefits

    total $65,525 · program services $29,486 · management and general $13,106 · fundraising $22,933

  • 10 · Payroll taxes

    total $14,792 · program services $6,656 · management and general $2,958 · fundraising $5,178

  • 11b · Fees: legal

    total $3,665 · management and general $3,665

  • 11g · Fees: other

    total $21,466 · program services $9,660 · management and general $4,293 · fundraising $7,513

  • 16 · Occupancy

    total $27,217 · program services $12,248 · management and general $5,443 · fundraising $9,526

  • 22 · Depreciation, depletion and amortization

    total $159,595 · program services $159,595

  • 23 · Insurance

    total $920 · program services $414 · management and general $184 · fundraising $322

  • 24a · Other expenses: ALLOC. FROM CORP ADMIN

    total $46,906 · program services $28,144 · fundraising $18,762

  • 24b · Other expenses: SUPPLIES

    total $31,900 · program services $14,355 · management and general $6,380 · fundraising $11,165

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $19,019 · program services $8,556 · management and general $3,804 · fundraising $6,659

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $12,323 · management and general $12,323

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,369,160 · end of year $1,362,728

  • 3 · Pledges and grants receivable

    beginning of year $80,657 · end of year $266,027

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,889 · end of year $4,058

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

    $13,890,843

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

    $12,583,748

  • 10c · Land, buildings and equipment, net

    beginning of year $1,312,547 · end of year $1,307,095

  • 11 · Investments: publicly traded securities

    beginning of year $7,459,917 · end of year $3,549,510

  • 15 · Other assets

    beginning of year $2,481,560 · end of year $4,798,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,972 · end of year $139,859

  • 25 · Other liabilities

    beginning of year $10,958,290 · end of year $12,287,006

  • 27 · Net assets without donor restrictions

    beginning of year $898,349 · end of year -$3,025,722

  • 28 · Net assets with donor restrictions

    beginning of year $1,774,119 · end of year $1,887,219

Mission and programs · 2022

Mission

THE MISSION OF KUAKINI FOUNDATION IS TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY BY: PROVIDING COMPREHENSIVE HEALTH CARE SERVICES AND PROGRAMS AT REASONABLE COST; CONTINUOUSLY IMPROVING THE QUALITY OF HEALTH CARE SERVICES AND PROGRAMS; ENCOURAGING CLINICAL RESEARCH; SUPPORTING TRAINING AND EDUCATIONAL PROGRAMS FOR HEALTH CARE PERSONNEL; AND OFFERING HEALTH EDUCATION AND COMMUNITY SERVICE PROGRAMS. KUAKINI FOUNDATION IS RESPONSIBLE FOR DEVELOPING A BROADER BASE OF COMMUNITY FINANCIAL SUPPORT THROUGH FUNDRAISING ACTIVITIES INCLUDING ANNUAL FUND DRIVES, SPECIAL DONOR EVENTS, MULTI-YEAR FUNDRAISING CAMPAIGNS, ENDOWMENT PROGRAMS, AND CHARITABLE PLANNED GIVING PROGRAMS.

Activities or mission (Part I)

THE MISSION OF KUAKINI FOUNDATION IS TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY BY: PROVIDING COMPREHENSIVE HEALTH CARE SERVICES AND PROGRAMS AT REASONABLE COST; CONTINUOUSLY IMPROVING THE QUALITY OF HEALTH CARE SERVICES AND PROGRAMS; ENCOURAGING CLINICAL RESEARCH; SUPPORTING TRAINING AND EDUCATIONAL PROGRAMS FOR HEALTH CARE PERSONNEL; AND OFFERINGCOMMUNITY SERVICE PROGRAMS. KUAKINI FOUNDATION IS RESPONSIBLE FOR DEVELOPING A BROADER BASE OF COMMUNITY FINANCIAL SUPPORT THROUGH FUNDRAISING ACTIVITIES INCLUDING ANNUAL FUND DRIVES, SPECIAL DONOR EVENTS, MULTI-YEAR FUNDRAISING CAMPAIGNS, ENDOWMENT PROGRAMS, AND CHARITABLE PLANNED GIVING PROGRAMS.

  • KUAKINI FOUNDATION IS RESPONSIBLE FOR DEVELOPING A BROADER BASE OF COMMUNITY FINANCIAL SUPPORT THROUGH FUNDRAISING ACTIVITIES INCLUDING ANNUAL FUND DRIVES, SPECIAL DONOR EVENTS, MULTI-YEAR FUNDRAISING CAMPAIGNS, ENDOWMENT PROGRAMS, AND CHARITABLE PLANNED GIVING PROGRAMS.

    Expenses $7,524,273 · Grants $7,167,841

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Kajiwara

    PRESIDENT & CEO

    Total calculated
    $436,591
    From this org
    $0
    From related orgs
    $413,396
    Other
    $23,195
    Hours/week
    4 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,395 related
    Nontaxable benefits
    $0 + $17,800 related
    Filer's total
    $0 + $436,591 related

  • Leslie Hidaka

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.15

  • Nancy Shimamoto

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Karen Kuraoka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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. 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
THE INDIVIDUALS LISTED IN PART II ARE COMPENSATED BY KUAKINI HEALTH SYSTEM (KHS). KHS UTILIZES THE FOLLOWING METHODS OF A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE AND COMPENSATION SURVEY OR STUDY. FORM 990, PART VII: GARY KAJIWARA SERVES AS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KUAKINI HEALTH SYSTEM. HE IS ALSO AN OFFICER OF VARIOUS ORGANIZATIONS RELATED TO KUAKINI HEALTH SYSTEM. THE COMPENSATION PAID BY KUAKINI HEALTH SYSTEM IS FOR HIS SERVICES AS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KUAKINI HEALTH SYSTEM, AS WELL AS FOR HIS SERVICES AS AN OFFICER OF VARIOUS ORGANIZATIONS RELATED TO KUAKINI HEALTH SYSTEM. HE DOES NOT RECEIVE COMPENSATION FROM THE ORGANIZATIONS RELATED TO KUAKINI HEALTH SYSTEM (KF, KMC, KGC, KSS, KDC, PAR, AND KPC).

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 corporations and trusts

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

  • KUAKINI DEVELOPMENT CORP

    C · PHARMACY/DEVELOPMENT · HI

  • PACIFIC ASIAN RESOURCES INC

    C · HEALTH SERVICES · HI

  • KUAKINI PACIFIC CORPORATION

    C · EDUCATION/RESEARCH · HI

  • KUAKINI PHO

    C · HEALTH SERVICES · HI

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202441369349310954

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