Imabrightkid Foundation FY2023 filing

Kaneohe, HI · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2023
Revenue
$142K
▲ +37% vs prior year
Spent
$127K
To programs
92%
Net assets
$61K
By yearFY2020–FY2024
Revenue
$142K
FY2023▲ +37%
Revenue by fiscal year
FY2020$67K
FY2021$74K
FY2022$104K
FY2023$142K
FY2024$233K
Expenses
$127K
FY2023▲ +32%
Expenses by fiscal year
FY2020$30K
FY2021$78K
FY2022$96K
FY2023$127K
FY2024$215K
Net assets
$61K
FY2023▲ +33%
Net assets by fiscal year
FY2020$42K
FY2021$38K
FY2022$45K
FY2023$61K
FY2024$78K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Donor Advised Charitable Giving INC
$50K in the latest grant year.
Spent on programs?
92% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +37% vs prior year
Legal name (IRS)Hdr · item CImabrightkid Foundation
EINHdr · item D47-5237929
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CKaneohe, HI
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jwww.imabrightkid.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$117K
Management & general8%$10K
Total functional expensesLn 25$127K

Financial health

Program efficiency
92%
of spending reaches programs
Operating runway
5.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$61K
FY2023▲ +33%
Total assets by fiscal year
FY2020$42K
FY2021$38K
FY2022$45K
FY2023$61K
FY2024$78K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$61K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$61K
Total liabilitiesLn 26$0
Total net assetsLn 32$61K
Months of cash on handcomputed5.7

Statement of Revenue

Part VIII
Contributions & grants$79K · 56%
Program service revenue$63K · 44%
Contributions & grants56%$79K
Program service revenue44%$63K
Total revenueLn 12$142K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $127K
5.7 months
Where the money goes
Program services
Program services $117K · Total expenses $127K
92%
Management & General
Management & general $10K · Total expenses $127K
8%
Fundraising
Fundraising $0 · Total expenses $127K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $49K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $142K
56%
Government reliance
Government grants — · Total revenue $142K
—
Earned-income share
Program service revenue $63K · Total revenue $142K
44%
Investment reliance
Investment income $0 · Total revenue $142K
0%
Program self-sufficiency
Program service revenue $63K · Total expenses $127K
50%
Growth & trend
Revenue growth (YoY)
This year $142K · Prior year $104K
+37%
Net-asset trend (YoY)
End of year $61K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $142K · Expenses $127K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $61K
—
Net-asset ratio
Net assets $61K · Total assets $61K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $61K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark M Murakami ESQ · Reported title TREASURER · Highest reported compensation $0 · Total expenses $127K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $127K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Fundraising cost ratio 0%——
Revenue growth 37%——
Accounting fee ratio 1%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President, Exec Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Imabrightkid Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Imabrightkid Foundation is an arts and culture nonprofit based in Kaneohe, HI.

Provided by the organization

This section is blank until Imabrightkid Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $89K of program spending, described in the organization's own filed words · FY2023.
01

Summer Theatre Arts Program

A five week musical theatre education program for grades 3-12. The program culminates in a full scale production including lights, sound and costumes.

$59Kprogram expense
02

COMMUNITY PRODUCTION A full scale musical production of An Evening of Rodgers and Hammerstein Classics presented at Paliku Theatre

$26Kprogram expense
03

IABK SCHOLARSHIP AWARDS Scholarships awarded to high school seniors pursuing degrees in education or the performing arts.

$4Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $233K$215K+63% 990 PDF
FY2023 Viewing $142K$127K+37% 990 PDF
FY2022 $104K$96K+40% 990 PDF
FY2021 $74K$78K+10% 990 PDF
FY2020 $67K$30K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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