Form 990 for tax year 2024
Filed by PACIFIC AMERICAN FOUNDATION HAWAII.
Totals
- Total revenue
- $53,886
- Total expenses
- $2,173
- Contributions and grants received
- $12,475
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $41,411
- Other revenue
- $0
- Total assets, end of year
- $2,303,739
- Total liabilities, end of year
- $841,367
- Net assets or fund balances, end of year
- $1,462,372
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $2,173
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1e · Government grants (contributions)
$5,000
-
1f · All other contributions, gifts and grants
$7,475
-
3 · Investment income
total $41,411 · excluded $41,411
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,173 · management and general $2,173
-
11g · Fees: other
total $12,475 · program services $12,475
-
24a · Other expenses: CIP CONTRA
total -$12,475 · program services -$12,475
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,241 · end of year $2,593
-
2 · Savings and temporary cash investments
beginning of year $864,332 · end of year $890,743
-
9 · Prepaid expenses and deferred charges
beginning of year $2,304 · end of year $2,304
-
15 · Other assets
beginning of year $1,395,624 · end of year $1,408,099
-
17 · Accounts payable and accrued expenses
beginning of year $5,000
-
19 · Deferred revenue
beginning of year $853,842 · end of year $841,367
-
31 · Retained earnings, endowment or other funds
beginning of year $1,410,659 · end of year $1,462,372
Mission and programs · 2024
Mission
THE CORPORATION IS ORGANIZED ESPECIALLY TO IMPROVE THE LIVES OF AND PRESENT GREATER OPPORTUNITIES FOR ALL OTHE PACIFIC AMERICAN PEOPLES, TO PROVIDE AND SUPPORT EDUCATION AND CULTURAL BASED ACTIVITIES, TO ENGAGE IN COMMUNITY BASED DEVELOPMENT, TO FACILITATE SOLUTIONS AND TO ADDRESS THE ISSUES AND NEEDS OF THE PACIFIC AMERICAN PEOPLES, TO PARTICIPATE WITH OTHER FOUNDATIONS AND CORPORATIONS WITH SIMILAR GOALS AND PURPOSES, AND TO SUPPORT, THROUGHOUT THE NATION AND WORLD, OF THE PACIFIC AMERICAN FOUNDATION, A 501(C)(3) NON PROFIT VIRGINIA CORPORATION.
-
WAIKALUA LOKO FISHPOND - ACQUIRE AND DEVELOP THE FISHPOND IN ORDER TO PRESERVE THE FISHPOND AND PROVIDE EDUCATIONAL ACTIVITIES FOR COMMUNITY MEMBERS AND STUDENTS. ON NOVEMBER 17, 2015, THE FEES, DEPOSITS AND SITE IMPROVEMENTS AMOUNTING TO 531,805 WERE TRANSFERRED FROM THE PACIFIC AMERICAN FOUNDATION, A VIRGINIA BASED NON-PROFIT ORGANIZATION. THE TRANSACTION WAS RECORDED AS A NON CASH CONTRIBUTION. APPROVALS FROM THE PASS-THROUGH ENTITIES OF THE ORIGINAL FUNDING SOURCE (U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT) WERE OBTAINED.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MICHAEL BEASLEY
CHAIR
- Total calculated
- $0
-
HERB LEE JR
PRESIDENT &
- Total calculated
- $0
-
ETHAN COOPER
MEMBER
- Total calculated
- $0
-
COLLETTE HIGGINS
MEMBER
- Total calculated
- $0
-
BRADLEY COOPER
MEMBER
- Total calculated
- $0
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
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.
-
SEE SUPPL. · HI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513149349306036
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