Fbwa Foundation

Nonprofit profile at a glance

EIN
205223618
IRS 990-EZ coverage
2016–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Honolulu, HI, USA
Phone
8082227436
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$12,715
Expenses
$21,158
Assets
$7,709
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARGIE ALCON BERUEDA (PRESIDENT)
  • CORA BACLIG-CREDO (VICE PRESIDENT)
  • FE EDITA M VELASCO (IMMEDIATE PAST PRESIDENT)

People named in this filing

  • MARGIE ALCON BERUEDA (PRESIDENT)
  • CORA BACLIG-CREDO (VICE PRESIDENT)
  • MIRIAM GALLARDO FELICIANO (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote and perpetuate filipino culture and customs in the state of Hawaii, to promote education and provide scholarships for graduating high school seniors in the state of Hawaii, and to promote and encourage entrepreneurship among women of filipino ancestry in the state of Hawaii. To receive grants, subsidies and gifts to be utilized in carrying out of the above-described purposes. To solicit and accept public and private contributions and bequests to be used without personal gain or profit to any director or officer of the organization in carrying out the organization's purposes. To act as trustee under any trust or fiduciary relationship incidental to the principal objectives of the organization to the extent permissible under the laws of the state of Hawaii. To have and exercise all of the powers conferred by law on non-profit organizations.

What it reported doing in 2024

To promote education and provide for scholarships for graduating high school seniors in the state of Hawaii

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Sustainability: 26
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.4%; rating input score 94
  • Program expense ratio: 56.7%; rating input score 57

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -66.4%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -13.7% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -11.5% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 94.4% of revenue deployed · 56.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.