Hapi Foundation EIN 95-4516940

Hapi Foundation FY2020 filing

EIN  95-4516940 Public charity (501(c)(3)) Westlake Vlg, CA
Form 990 (PDF)
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Size
<$100K
What they do
Provides after-school programs, nutrition, farming, and health initiatives for apartment residents.
Leadership
Jane Lorin · President
Money in and out
$94K revenue, $17K expenses
Bottom line
0% program efficiency

Provides after-school programs, nutrition, farming, and health initiatives for apartment residents. For fiscal year 2020 it reported $94K in revenue, $17K in expenses, and $71K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$94K
Pt VIII · Ln 12
Total expenses
$17K
Pt IX · Ln 25
Net assets
$71K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $77K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
62.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+82%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$94K
FY2020
Expenses
$17K
FY2020
Total assets
$91K
FY2020
Total liabilities
$20K
FY2020
Total revenue
$94K
Pt VIII · Ln 12
Total expenses
$17K
Pt IX · Ln 25
Net assets
$71K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$91K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Provides health related education, fitness, nutrition programs directly to doorsteps of children and their families in apartment communities which offers a low cost, high reward opportunity to improve lives.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHapi Foundation
EINHdr · item D95-4516940
Principal addressHdr · item CWestlake Vlg, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K40)
Ruling yearIRS BMFJun 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Hapi Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$61K · 65%
Other revenue$33K · 35%
Contributions & grants65%$61K
Other revenue35%$33K
Total revenueLn 12$94K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$17K
Total functional expensesLn 25$17K

Balance Sheet

Part X · end of year
CashLn 1$91K
Total assetsLn 16$91K
Total liabilitiesLn 26$20K
Total net assetsLn 32$71K
Months of cash on handcomputed62.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses/yr $17K
62.9 months
Where the money goes
Program services
Program services $0 · Total expenses $17K
0%
Management & General
Management & general $17K · Total expenses $17K
100%
Fundraising
Fundraising $0 · Total expenses $17K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $61K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $61K · Total revenue $94K
65%
Government reliance
Government grants — · Total revenue $94K
Earned-income share
Program service revenue $0 · Total revenue $94K
0%
Investment reliance
Investment income $0 · Total revenue $94K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $17K
0%
Growth & trend
Revenue growth (YoY)
This year $94K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $71K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $94K · Expenses $17K
+82%
Liabilities-to-Assets
Total liabilities — · Total assets $91K
Net-asset ratio
Net assets $71K · Total assets $91K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $91K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jane Lorin · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $17K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $17K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$30K

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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)$80K revenue · ⤓ 990 PDF
FY2023$30K revenue · ⤓ 990 PDF
FY2022$80K revenue · ⤓ 990 PDF
FY2021$15K revenue · ⤓ 990 PDF
FY2020$94K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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