Ko Olau Foundation
Nonprofit profile at a glance
- EIN
- 710984455
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Kaneohe, HI, USA
- Phone
- 8082360437
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $158,324
- Expenses
- $67,001
- Assets
- $136,911
- Liabilities
- $380
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Aaron Mahi (President (deceased 7/6/2024))
- Teresa Bright (1st Vice President (deceased 9/1/2024))
- Mahealani Cypher (President (effective 7/21/2024), Secretary (prior))
- Frances L Kaluhiwa (Vice President)
People named in this filing
- Aaron Mahi (President (deceased 7/6/2024))
- Teresa Bright (1st Vice President (deceased 9/1/2024))
- Mahealani Cypher (President (effective 7/21/2024), Secretary (prior))
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 purpose of the corporation shall be to pursue and promote Hawaiian cultural values to include the following practices of these values: preservation, charitable, religious, educational, scientific, literary, fostering national or international amateur sports competition also known as "Makahiki games", perpetuating the history and heritage of Hawai'i; relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public building, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.
What it reported doing in 2024
Kamehameha Schools. Preparation for community, land, area and historical scavenger hunt, as desired by the contributor to highlight the surrounding He'eia and Haiku Valley areas that was ultimately deferred to early 2025.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 100
- Sustainability: 75
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30%; rating input score 30
- Program expense ratio: 71%; rating input score 71
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: 57.7%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 2.04; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 45.9%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -108.1% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -6.3% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 32.1% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 30% of revenue deployed · 71% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 5 filed program accomplishments · $48K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.