Ralph Ajifu Ffa Memorial Foundation

Nonprofit profile at a glance

EIN
996010592
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Mililani, HI, USA
Phone
8089448400
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Agricultural Programs

Reported finances

Revenue
$66,564
Expenses
$46,338
Assets
$814,644
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • KEN KAJIHARA (PRESIDENT/DIRECTOR)

People named in this filing

  • KEN KAJIHARA (PRESIDENT/DIRECTOR)
  • JACKIE FREITAS (DIRECTOR)
  • JEFFREY YAMAGUCHI (TREASURER)

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

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

Overview

Mission

Ralph ajifu ffa memorial foundation provides support to underprivileged or disadvantaged Hawaii agricultural education students in the state of Hawaii. The organization will support local, young people that want to become farmers in Hawaii by providing educational grants or scholarships to students lacking sufficient financial means to seek educational opportunities, enroll in curriculums, and attend events affiliated with the Hawaii ffa (future farmer of america) locally and with the national ffa across the USA. The organization will also develop and operate local events designed to encourage local, young people to pursue a farming career in Hawaii. Fundamentally, the organization seeks to spread aloha (love and fellowship) and kokua (to help others) in cultivating and caring for hawaiian natural resources.

What it reported doing in 2024

Each year, the Hawaii ffa state office coordinates ffa leadership training events and days of service events for students at approximately 15 schools across Hawaii ("student events"). The organization will support student events by helping plan, operate, and fund them. The training provided at student events follows national and state ffa curriculum that supports Hawaii department of education learning objectives and standards, including action plans for community development, programs of agricultural work events for individual schools and for the state officers, and training for competitive events in public speaking, and the application of academic learning to the real world. For many local student events, the organization will provide a majority of the funding. The organization will also help underprivileged youth attend student events, such as by providing funding to pay for attendance and travel to and from the student events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 96% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 84
  • Accountability: 88
  • Sustainability: 75
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.8%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 30.4%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 17.58; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -34.2% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 30.1% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 13.9% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $45K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 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.

  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.