Kekahu Foundation EIN 99-0303677

Kekahu Foundation

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Broadcasts educational and cultural programs via public radio. For fiscal year 2024 it reported $320K in revenue, $388K in expenses, and $185K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Princeville, HI
Website
www.kkcr.org
Filings
5 on file (2020–2024)
Revenue
$320KFY2024
Expenses
$388K
Net assets
$185K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  99-0303677 Public charity (501(c)(3)) Princeville, HI
Form 990 (PDF)
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Size
$100K–1M
What they do
Broadcasts educational and cultural programs via public radio.
Leadership
Annelouise Caporuscio · General Manager · $34K
Money in and out
$320K revenue, $388K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$320K
Pt VIII · Ln 12
Total expenses
$388K
Pt IX · Ln 25
Net assets
$185K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$68K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.07 Fundraising $0.07
Program efficiency
86%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
-21%
revenue over expenses, this year▲ +60% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$320K
FY2024▲ +22%
Expenses
$388K
FY2024▼ -3%
Total assets
$394K
FY2024▼ -16%
Total liabilities
$209K
FY2024▼ -3%
Total revenue
$320K
Pt VIII · Ln 12
Total expenses
$388K
Pt IX · Ln 25
Net assets
$185K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$394K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $334K of program spending, described in the organization's own filed words · FY2023.
01

Live broadcasting of community radio station, including maintenance of music library and programming supplies.

$334Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKekahu Foundation
EINHdr · item D99-0303677
Principal addressHdr · item CPrinceville, HI
WebsiteHdr · item Jwww.kkcr.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MHI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A34)
Ruling yearIRS BMFNov 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
General Manager
$34,266Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Former Treasurer
$0Pt VII · Sec A

Annelouise Caporuscio’s $34K as General Manager is at the 29th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Koorenhof$58,240$58,240$55,424
Laura Christine Koorenhof$51,254
Annelouise Caporuscio$34,266$6,101

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$209K · 65%
Program service revenue$87K · 27%
Other revenue$22K · 7%
Investment income$2K · 1%
Contributions & grants65%$209K
Program service revenue27%$87K
Other revenue7%$22K
Investment income1%$2K
Total revenueLn 12$320K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.07 Fundraising $0.07
Program services86%$334K
Management & general7%$28K
Fundraising7%$26K
Total functional expensesLn 25$388K

Balance Sheet

Part X · end of year
CashLn 1$118K
Total assetsLn 16$394K
Total liabilitiesLn 26$209K
Total net assetsLn 32$185K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $118K · Operating expenses (Pt IX) $388K · Less non-cash grants $8K · Cash operating expenses/yr $380K
3.7 months
Where the money goes
Program services
Program services $334K · Total expenses $388K
86%
Management & General
Management & general $28K · Total expenses $388K
7%
Fundraising
Fundraising $26K · Total expenses $388K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $215K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $209K · Total revenue $320K
65%
Government reliance
Government grants — · Total revenue $320K
Earned-income share
Program service revenue $87K · Total revenue $320K
27%
Investment reliance
Investment income $2K · Total revenue $320K
+0.7%
Program self-sufficiency
Program service revenue $87K · Total expenses $388K
22%
Growth & trend
Revenue growth (YoY)
This year $320K · Prior year $262K
+22%
Revenue CAGR
FY2019 $385K · FY2023 $320K
-5%
Net-asset trend (YoY)
End of year $185K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $320K · Expenses $388K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $394K
Net-asset ratio
Net assets $185K · Total assets $394K
47%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $394K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Annelouise Caporuscio · Reported title GENERAL MANAGER · Highest reported compensation $34K · Total expenses $388K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $388K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 7%
Fundraising cost ratio 13%
Revenue growth 22%
Accounting fee ratio 4%

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 · FY2025
Total grants receivedfrom 1 funder$22K

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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)$320K revenue · viewing · ⤓ 990 PDF
FY2023$262K revenue · ⤓ 990 PDF
FY2022$319K revenue · ⤓ 990 PDF
FY2021$523K revenue · ⤓ 990 PDF
FY2020$385K 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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