The Arcadia Foundation FY2022 filing

Tax-deductible

Honolulu, HI501(c)(3)Foundations & GrantmakersEIN 99-0335929Revenue $578K in FY2022

On file with the IRSarcadia.org1434 Punahou St, 96822-4701 · Honolulu, HITax-exempt since Jan 1999Supporting organization — 509(a)(3)

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The Arcadia Foundation is a supporting organization for Arcadia community services, including supporting the needs of the residents of retirement facilities associated with Arcadia community services who have exhausted their resources, and to provide benefits to and service the needs of the elderly of the great hawaii community.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $763K a year · 58% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$578K
-79% vs prior year
Spent
$506K
To programs
88%
Net assets
$20.7M
By yearFY2020–FY2024
Revenue
$578K
FY2022▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.7M
FY2022$578K
FY2023$386K
FY2024$804K
Expenses
$506K
FY2022▲ +72%
Tap a bar for its year
Expenses by fiscal year
FY2020$359K
FY2021$295K
FY2022$506K
FY2023$711K
FY2024$896K
Net assets
$20.7M
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$20.6M
FY2021$23.1M
FY2022$20.7M
FY2023$21.6M
FY2024$22.1M

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $448K Management & general 12% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Arcadia Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports elderly residents in Hawaii's retirement facilities who have exhausted their resources.

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Provided by the organization

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3 programs · $448K · in their own filed words · FY2022
01

The arcadia foundation is the supporting organization for arcadia community services (acs), supporting the needs of the residents of retirement facilities associated with acs who have exhausted their resources, and as it determines in its sole discretion, to provide benefits to and serve the needs of the elderly of the greater hawaii…

$412Kprogram expense
02

Beginning in 2018, the organization continued the operations of arcadia memorial irrevocable trust (a related organization), which provides additional services and items of care and comfort not otherwise provided for the benefit of the residents of arcadia residing in the arcadia health care center.

$35Kprogram expense
03

The organization is a member of the arcadia family of companies. The arcadia family of companies act as a unified organization in providing benefit to the residents, clients and members they serve, as well as to the honolulu community at large, with an emphasis towards helping seniors in the community.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 15 grants · $2.0M · 2020–2024
Craigside Retirement ResidenceHI · FY2024$480,000
Hale Ola Kino by ArcadiaHI · FY2023$150,000
Craigside Retirement ResidenceHI · FY2023$120,000
Maui Humane Society INCHI · FY2023$25,334
The Salvation ArmyHI · FY2023$25,333
Maui Food Bank INCHI · FY2023$25,333
Hale Ola Kino by ArcadiaHI · FY2022$103,491
Unitemized GrantFY2022$42,175
Unitemized GrantFY2021$8,722
Unitemized GrantFY2020$19,535

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$578K
Ln 12
Gifts and grantsLn 1h$290K
Investment incomeLn 3$266K
Other incomeLn 4–11$19K
Money outPt IX
$506K
Ln 25
Programscol B$448K
Managementcol C$59K
Owns and owesPt X
$20.7M
net assets · Ln 32
Cash and savingsLn 1–2$722K
Total assetsLn 16$22.3M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$290K
Fees for servicesLn 2g$4K
Investment incomeLn 3$266K
Other incomeLn 4–11$19K
Gains on assetsLn 7$35K
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$722K
Cash and savings togetherLn 1–2$722K
InvestmentsLn 11–13$10.7M
Other assetsLn 15$10.8M
Total assetsLn 16$22.3M
LiabilitiesLn 26$1.6M
Net assetsLn 32$20.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.4M$722K
InvestmentsLn 11–13$12.7M$10.7M
Total assetsLn 16$24.8M$22.3M
LiabilitiesLn 26$1.8M$1.6M
Net assetsLn 32$23.1M$20.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$370K$370K
Grants to domestic individualsLn 2$42K$42K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$42K$42K
Other fees for servicesLn 11g$40K$35K$5K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$115$115
Information technologyLn 14$3K$3K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$506K$448K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $804K$896K−$91K$22.1M 990 PDF
FY2023 $386K$711K−$326K$21.6M 990 PDF
FY2022 Viewing $578K$506K$72K$20.7M 990 PDF
FY2021 $2.7M$295K$2.4M$23.1M 990 PDF
FY2020 $2.1M$359K$1.7M$20.6M 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
See the full FY2022 990 (6 parts)
Part I · Summary $578,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,178,964$289,883
I-9 Program service revenuePrior year $4,890$3,603
I-10 Investment incomePrior year $1,518,133$266,384
I-11 Other revenuePrior year $25,554$18,516
I-12 Total revenuePrior year $2,727,541$578,386
I-13 Grants and similar amounts paidPrior year $244,132$412,141
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,861$94,339
I-18 Total expensesPrior year $294,993$506,480
I-19 Revenue less expensesPrior year $2,432,548$71,906
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $578,386 across 7 lines filed
Lines not itemized here account for $18,355 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$289,883
VIII-1h Total contributions, gifts and grants$289,883
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,603$3,603
VIII-3 Investment incomeExcluded from tax $231,729$231,729
VIII-7 Net gain or loss on sales of assetsExcluded from tax $34,655$34,655
VIII-8 Net income from fundraising eventsExcluded from tax $161$161
VIII-12 Total revenueRelated to mission $21,958 · Unrelated business $0 · Excluded from tax $266,545$578,386
Part IX · Statement of functional expenses $506,480 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $369,966$369,966
IX-2 Grants to domestic individualsPrograms $42,175$42,175
IX-11c Accounting feesManagement $4,586$4,586
IX-11f Investment management feesManagement $42,280$42,280
IX-11g Other fees for servicesPrograms $35,495 · Management $4,711$40,206
IX-12 Advertising and promotionManagement $1,000$1,000
IX-13 Office expensesManagement $115$115
IX-14 Information technologyManagement $3,431$3,431
IX-24 Other expenses (24a–d)Management $2,721$2,721
IX-25 Total functional expensesPrograms $447,636 · Management $58,844 · Fundraising $0$506,480
Part X · Balance sheet $22,312,439 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,438,216$721,786
X-3 Pledges and grants receivableStart of year $36,614$20,572
X-12 Other securitiesStart of year $12,689,746$10,734,794
X-15 Other assetsStart of year $10,681,535$10,835,287
X-16 Total assetsStart of year $24,846,111$22,312,439
X-17 Accounts payable and accrued expenses$3,664
X-25 Other liabilitiesStart of year $1,793,052$1,588,626
X-26 Total liabilitiesStart of year $1,793,052$1,592,290
X-27 Net assets without donor restrictionsStart of year $21,642,979$19,613,246
X-28 Net assets with donor restrictionsStart of year $1,410,080$1,106,903
X-32 Total net assets or fund balancesStart of year $23,053,059$20,720,149
X-33 Total liabilities and net assetsStart of year $24,846,111$22,312,439
Part XI · Reconciliation of net assets $20,720,149 net assets at year end
XI-1 Total revenue$578,386
XI-2 Total expenses$506,480
XI-3 Revenue less expenses$71,906
XI-4 Net assets at start of year$23,053,059
XI-5 Net unrealized gains (losses) on investments−$2,529,715
XI-9 Other changes in net assets$124,899
XI-10 Net assets at end of year$20,720,149

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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