Robert E Black Memorial Trust FY2020 filing

Tax-deductible

Honolulu, HI501(c)(3)Since 1991Foundations & GrantmakersEIN 99-6062458

Provide support for the charitable & educational purposes & programs of the charitable organizations.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$330K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $923K a year · 23% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$330K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
Spent
$2.6M
To programs
92%
Net assets
$45.3M
By yearFY2020–FY2025
Revenue
$3.4M
FY2020
Revenue by fiscal year
FY2020$3.4M
FY2021$5.1M
FY2022$1.4M
FY2023$2.3M
FY2024$6.0M
FY2025$5.9M
Expenses
$2.6M
FY2020
Expenses by fiscal year
FY2020$2.6M
FY2021$3.0M
FY2022$3.3M
FY2023$3.4M
FY2024$3.1M
FY2025$3.2M
Net assets
$45.3M
FY2020
Net assets by fiscal year
FY2020$45.3M
FY2021$47.3M
FY2022$45.6M
FY2023$44.5M
FY2024$47.5M
FY2025$50.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $2.4M Management & general 8% · $201K

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

Who runs it and what they're paid

1 person listed on the 990; $330K paid to officers and key staff.

Part VII, Section A · reportable compensation
$330,136Pt VII · Sec A

Bank of Hawaii’s $287K as Trustee is at the 94th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bank of Hawaii$287,269$267,666$243,010$349,316$381,509$330,136

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.

See Robert E Black Memorial Trust 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 charitable and educational programs of other organizations.

Provided by the organization

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1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2020.
01

Provide support for the charitable & educational purposes & programs of the charitable organizations identified in the trust document. See schedule I.

$2.4Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 55 grants · $13.6M · 2021–2025
Hawaii Community FoundationHI · FY2025$1,925,000
Hawaii Pacific UniversityHI · FY2025$338,252
Bishop MuseumHI · FY2025$132,000
Diamond Head TheatreHI · FY2025$49,500
American Red CrossFY2025$49,500
Hawaii Symphony OrchestraHI · FY2025$49,500
Saint Louis SchoolHI · FY2025$41,252
Hawaii Preparatory AcademyHI · FY2025$41,252
Punahou SchoolHI · FY2025$41,252
'iolani SchoolHI · FY2025$41,252
Hawaii Community FoundationHI · FY2024$1,855,000
Hawaii Pacific UniversityHI · FY2024$325,952
Bishop MuseumHI · FY2024$127,200
Diamond Head TheatreHI · FY2024$47,700
American Red CrossFY2024$47,700
Hawaii Symphony OrchestraHI · FY2024$47,700
Saint Louis SchoolHI · FY2024$39,752
See all 55 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Investment incomeLn 3$3.4M
Money outPt IX
$2.6M
Ln 25
Programscol B$2.4M
Managementcol C$201K
Owns and owesPt X
$45.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$45.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3.4M
Gains on assetsLn 7$2.3M
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$549
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$43.9M
Total assetsLn 16$45.3M
LiabilitiesLn 26$0
Net assetsLn 32$45.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.3M
InvestmentsLn 11–13$43.4M$43.9M
Total assetsLn 16$44.5M$45.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$44.5M$45.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.3M$2.3M
Pay of current officers, directors and key staffLn 5$330K$132K$198K
Accounting feesLn 11c$2K$2K$705
Investment management feesLn 11f$402$402
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$2.6M$2.4M$201K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.9M$3.2M$2.7M$50.1M 990 PDF
FY2024 $6.0M$3.1M$2.9M$47.5M 990 PDF
FY2023 $2.3M$3.4M−$1.1M$44.5M 990 PDF
FY2022 $1.4M$3.3M−$1.9M$45.6M 990 PDF
FY2021 $5.1M$3.0M$2.1M$47.3M 990 PDF
FY2020 Viewing $3.4M$2.6M$776K$45.3M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $3,391,143 across 3 lines filed
VIII-3 Investment incomeRelated to mission $1,070,973$1,070,973
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,320,170$2,320,170
VIII-12 Total revenueRelated to mission $3,391,143 · Unrelated business $0 · Excluded from tax $0$3,391,143
Part IX · Statement of functional expenses $2,615,155 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $2,280,000$2,280,000
IX-5 Pay of current officers, directors and key staffPrograms $132,054 · Management $198,082$330,136
IX-11c Accounting feesPrograms $1,644 · Management $705$2,349
IX-11f Investment management feesManagement $402$402
IX-24 Other expenses (24a–d)Management $2,268$2,268
IX-25 Total functional expensesPrograms $2,413,698 · Management $201,457 · Fundraising $0$2,615,155
Part X · Balance sheet $45,263,085 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,765$549
X-2 Savings and temporary cash investmentsStart of year $1,063,211$1,332,644
X-11 Publicly traded securitiesStart of year $43,422,121$43,929,892
X-16 Total assetsStart of year $44,487,097$45,263,085
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $44,487,097$45,263,085
X-32 Total net assets or fund balancesStart of year $44,487,097$45,263,085
X-33 Total liabilities and net assetsStart of year $44,487,097$45,263,085
Part XI · Reconciliation of net assets $45,263,085 net assets at year end
XI-1 Total revenue$3,391,143
XI-2 Total expenses$2,615,155
XI-3 Revenue less expenses$775,988
XI-4 Net assets at start of year$44,487,097
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,263,085

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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