Kekahu Foundation EIN 99-0303677 Form 990 (PDF) Claim this org

Kekahu Foundation FY2021 filing

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Broadcasts educational and cultural programs via public radio. For fiscal year 2021 it reported $523K in revenue, $358K in expenses, and $454K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Princeville, HI
Website
www.kkcr.org
Filings
5 on file (2020–2021)
Revenue
$523KFY2021
Expenses
$358K
Net assets
$454K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  99-0303677 Public charity (501(c)(3)) Princeville, HI
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Broadcasts educational and cultural programs via public radio.
Leadership
Laura Koorenhof · General Manager · $55K
Money in and out
$523K revenue, $358K expenses
Bottom line
76% program efficiency
Where the money goes · FY2021
Total revenue
$523K
Pt VIII · Ln 12
Total expenses
$358K
Pt IX · Ln 25
Net assets
$454K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $166K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.14 Fundraising $0.10
Program efficiency
76%
of spending reaches programs
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$523K
FY2021▲ +36%
Expenses
$358K
FY2021-0.4%
Total assets
$461K
FY2021▲ +43%
Total liabilities
$8K
FY2021▼ -78%
Total revenue
$523K
Pt VIII · Ln 12
Total expenses
$358K
Pt IX · Ln 25
Net assets
$454K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$166K
Total assetsPt X · Ln 16$461K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

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 1a9
Independent voting membersPt VI · Ln 1b9
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 (FY2020); the FY2021 filing did not itemize Part VII
General Manager
$55,424Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $272K of program spending, described in the organization's own filed words · FY2020.
01

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

$272Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$460K · 88%
Program service revenue$62K · 12%
Contributions & grants88%$460K
Program service revenue12%$62K
Investment income$1K
— government grantsLn 1e$65K
Total revenueLn 12$523K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.14 Fundraising $0.10
Program services76%$272K
Management & general14%$50K
Fundraising10%$36K
Total functional expensesLn 25$358K

Balance Sheet

Part X · end of year
CashLn 1$331K
Total assetsLn 16$461K
Total liabilitiesLn 26$8K
Total net assetsLn 32$454K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $331K · Operating expenses (Pt IX) $358K · Less non-cash grants $19K · Cash operating expenses/yr $338K
11.7 months
Where the money goes
Program services
Program services $272K · Total expenses $358K
76%
Management & General
Management & general $50K · Total expenses $358K
14%
Fundraising
Fundraising $36K · Total expenses $358K
10%
Cost to raise $1
Fundraising expense (2-yr avg) $35K · Solicited contributions (2-yr avg) $344K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $460K · Total revenue $523K
88%
Government reliance
Government grants $65K · Total revenue $523K
12%
Earned-income share
Program service revenue $62K · Total revenue $523K
12%
Investment reliance
Investment income $1K · Total revenue $523K
+0.2%
Program self-sufficiency
Program service revenue $62K · Total expenses $358K
17%
Growth & trend
Revenue growth (YoY)
This year $523K · Prior year $385K
+36%
Net-asset trend (YoY)
End of year $454K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $523K · Expenses $358K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $461K
Net-asset ratio
Net assets $454K · Total assets $461K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $461K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura Koorenhof · Reported title GENERAL MANAGER · Highest reported compensation $55K · Total expenses $358K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $178K · Total expenses $358K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 14%
Fundraising cost ratio 8%
Revenue growth 36%
Accounting fee ratio 6%

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 · ⤓ 990 PDF
FY2023$262K revenue · ⤓ 990 PDF
FY2022$319K revenue · ⤓ 990 PDF
FY2021$523K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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