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Turtle Bay Foundation EIN 45-5305673

Turtle Bay Foundation

EIN  45-5305673 Private foundation / grantmaker Kahuku, HI
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Size
$100K–1M
What they do
A private foundation based in Kahuku, HI. It reported about $346K in revenue for 2024.
Leadership
Travis Joerger · Trustee
Money in and out
$346K revenue, $163K expenses
Bottom line
—

A private foundation based in Kahuku, HI. It reported about $346K in revenue for 2024. For fiscal year 2024 it reported $346K in revenue, $163K in expenses, and $509K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$163K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $183K
Total assets
512K
deployed as grants and operations
Grants paid
156K
in FY2024
Grants made
54grants
total in period
Payout rate
30%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 54 grants · $156K · 2024–2024
Samantha SunbyFY2024$10,000
Trenton LindseyFY2024$10,000
Maya MakiFY2024$10,000
Kylee IkalaniFY2024$10,000
Kanani AnnandaleFY2024$10,000
Tere SuiniikaFY2024$10,000
Nayomi ToiloloFY2024$5,000
Leianisi OlevaoFY2024$5,000
Brennan EasonFY2024$5,000
Mahealani TaeuFY2024$5,000
Kayuga Jade De GuzmanFY2024$5,000
Alana LeeFY2024$5,000
Josie NeelFY2024$3,000
Ian DobeckiFY2024$3,000
Flora ThompsonFY2024$3,000
Matthew Rowland JRFY2024$3,000
Lamont TuellerFY2024$3,000
Lawren PaoFY2024$3,000
See all 54 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$3K
Median grantPart XV$1K
Largest grantPart XV$10K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$346K
FY2024▲ +60%
Expenses
$163K
FY20240%
Total assets
$512K
FY2024▲ +57%
Total liabilities
$3K
FY2024
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$163K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Total assetsPt II$512K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTurtle Bay Foundation
EINHdr · item D45-5305673
Principal addressHdr · item CKahuku, HI
WebsiteHdr · item Jwww.turtlebayfoundation.com
State of legal domicileHdr · item MHI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jon Gersonde
President
$0Pt VII · Sec A
See Turtle Bay Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$346K
Total revenueLn 12$346K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$156K
Operating & administrative4%$7K
Total functional expensesLn 25$163K

Balance Sheet

Part X · end of year
CashLn 1$508K
Total assetsLn 16$512K
Total liabilitiesLn 26$3K
Total net assetsLn 32$509K
Months of cash on handcomputed37.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $512K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $346K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $346K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $217K
+60%
Revenue CAGR
FY2020 $110K · FY2024 $346K
+33%
Net-asset trend (YoY)
End of year $509K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $163K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $512K
—
Net-asset ratio
Net assets $509K · Total assets $512K
99%
People & payroll
Highest Reported Total Compensation
Individual Travis Joerger · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $163K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 60%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$346K revenue · viewing · ⤓ 990 PDF
FY2023$217K revenue · ⤓ 990 PDF
FY2022$290K revenue · ⤓ 990 PDF
FY2021$72K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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