Ho'ea - the Foundation
Nonprofit profile at a glance
- EIN
- 464730871
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-PF 2018
- Location
- Honolulu, HI, USA
- Phone
- 8082869884
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Private Independent Foundations
Reported finances
- Revenue
- $183,537
- Expenses
- $48,761
- Assets
- $475,561
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Eric Fujimoto (President/Director)
People named in this filing
- Eric Fujimoto (President/Director)
- Vaughn Victorino (Treasurer/Secretary/Director)
- Lynne Kaneshiro (Director)
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
The specific purpose of Ho'ea - The Foundation is to provide grants to selected charitable, religious, and educational organizations that have demonstrated dedication and excellence in their respective mission. As a policy of the Foundation, all recipient organizations must be organized as either a nonprofit foundation or a corporation which is operated exclusively for charitable purposes and which has established its status as a tax-exempt organization and a public charity under Section50l(c)(3) and 509(a) of the Internal Revenue Code.
What it reported doing in 2024
The Foundation has sponsored the Unity Prom since 2019. The Unity Prom event is to provide students with special education an opportunity to celebrate a young person's coming of age and the same experience which the general education students have in High School.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 57% for direct work, and 43% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 100
- Sustainability: 91
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.6%; rating input score 21
- Program expense ratio: 62%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 73.4%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 9.75; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 54.3% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 13.7% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 19.5% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 20.6% of revenue deployed · 62% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $30K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
- High — Financial Efficiency: Mission deployment rate scored 21/100.