Malama Kai Foundation EIN 99-0285490 Form 990 (PDF) Claim this org

Malama Kai Foundation FY2022 filing

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Promotes ocean stewardship through community involvement and public education. For fiscal year 2022 it reported $115K in revenue, $129K in expenses, and $187K in net assets.Pt I

Founded
1991
Type
Public charity (501(c)(3)) · Unclassified
Location
Kamuela, HI
Website
www.malamakaifoundation.org
Filings
6 on file (2020–2022)
Revenue
$115KFY2022
Expenses
$129K
Net assets
$187K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  99-0285490 Public charity (501(c)(3)) Kamuela, HI Founded 1991
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes ocean stewardship through community involvement and public education.
Leadership
Matt Bogdanovitch · Director
Money in and out
$115K revenue, $129K expenses
Bottom line
98% program efficiency
Where the money goes · FY2022
Total revenue
$115K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$187K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program efficiency
98%
of spending reaches programs
Operating runway
17.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$115K
FY2022▲ +10%
Expenses
$129K
FY2022▲ +182%
Total assets
$187K
FY2022▼ -6%
Total liabilities
$0
FY2022
Total revenue
$115K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$187K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$187K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $92K of program spending, described in the organization's own filed words · FY2022.
01

Projects Support Mkf Mission

Community involvement in management of coastal resources and watershed education for students using hands-on learning. Project objectives included: provide meaningful outdoor experiences for students to enhance understanding of environment and human impacts, form the mountains to the sea.

$92Kprogram expense
02

Community Involvement

Engaging community in management and conservation of marine resources. Project objectives include providing resources to support coordination of two groups - one focusing on obtaining donations from marine tour operations and the other for management of fishery resources. Projects are ongoing.

Pt IX · col B
03

Day Use Mooring Buoys

To act as liaison between the community and state government to select and install day use mooring buoys to protect coral reefs from damage. New buoys are in the process of being installed with funding fromgrant and donations to purchase materials and cover boat costs. Volunteers donate time.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMalama Kai Foundation
EINHdr · item D99-0285490
Principal addressHdr · item CKamuela, HI
WebsiteHdr · item Jwww.malamakaifoundation.org
Year of formationHdr · item L1991
State of legal domicileHdr · item MHI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFJul 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
V Pres/Direc
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$115K
Investment income$38
— government grantsLn 1e$28K
Total revenueLn 12$115K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program services98%$127K
Management & general2%$2K
Fundraising$169
Total functional expensesLn 25$129K

Balance Sheet

Part X · end of year
CashLn 1$182K
Total assetsLn 16$187K
Total liabilitiesLn 26$0
Total net assetsLn 32$187K
Months of cash on handcomputed16.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $187K · Operating expenses/yr $129K
17.4 months
Where the money goes
Program services
Program services $127K · Total expenses $129K
98%
Management & General
Management & general $2K · Total expenses $129K
2%
Fundraising
Fundraising $169 · Total expenses $129K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $950 · Solicited contributions (3-yr avg) $71K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $115K · Total revenue $115K
100%
Government reliance
Government grants $28K · Total revenue $115K
25%
Earned-income share
Program service revenue $0 · Total revenue $115K
0%
Investment reliance
Investment income $38 · Total revenue $115K
+0.03%
Program self-sufficiency
Program service revenue $0 · Total expenses $129K
0%
Growth & trend
Revenue growth (YoY)
This year $115K · Prior year $105K
+10%
Net-asset trend (YoY)
End of year $187K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $115K · Expenses $129K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $187K
Net-asset ratio
Net assets $187K · Total assets $187K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $187K
3%
People & payroll
Highest Reported Total Compensation
Individual Matt Bogdanovitch · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $129K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $129K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0.1%
Revenue growth 10%
Accounting fee ratio 0.3%

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
Haskell FundFY2024$3K
Total grants receivedfrom 3 funders$47K
See all 3 funders →

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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
FY2025 (Latest)$544K revenue · ⤓ 990 PDF
FY2024$496K revenue · ⤓ 990 PDF
FY2023$179K revenue · ⤓ 990 PDF
FY2022$115K revenue · viewing · ⤓ 990 PDF
FY2021$105K revenue · ⤓ 990 PDF
FY2020$401K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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