The Harold
K.L. Castle Foundation hosted a special dinner for Kailua Elementary School
students as they showcased their art and enjoyed a pizza reception with
their families and teachers.
Form 990
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Year 2008 Year 2007 Year 2006 Year 2005 Year 2004 Year 2003 Year 2002
2008 Financial Summary |
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Statement of Financial PositionDECEMBER 31, 2008 AND 2007 |
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Assets |
2008 |
2007 |
Cash and cash equivalents |
$12,276,702 |
$ 7,100,316 |
Receivables |
385,472 |
423,859 |
Prepaid expenses and other assets |
172,133 |
296,031 |
Investments |
127,149,503 |
171,111,148 |
Furniture, fixtures and equipment |
3,209 |
12,467 |
TOTAL ASSETS |
$ 139,987,019 |
$ 178,943,821 |
Liabilities and Net Assets |
2008 |
2007 |
Liabilities: |
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Accounts payable and other liabilites |
$ 784,219 |
$ 555,740 |
Federal excise tax |
320,000 |
532,669 |
Unrestricted net assets |
138,882,800 |
177,855,412 |
TOTAL LIABILITIES AND NET ASSETS |
$ 139,987,019 |
$ 178,943,821 |
Statement of Activities and Change in Net AssetsDECEMBER 31, 2008 AND 2007 |
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Investment Income |
2008 |
2007 |
Dividends, interest and other |
$ 3,091,048 |
$ 3,202,806 |
Rentals |
3,307,742 |
3,454,599 |
Realized and unrealized net gains on investment securities |
(36,903,622) |
7,286,987 |
Realized and unrealized net gains on real estate |
143,688 |
961,655 |
Net investment income before federal excise tax |
(30,361,144) |
14,906,047 |
Federal excise tax |
32,670 |
(280,171) |
Net investment income |
$ (30,328,474) |
$ 14,625,876 |
Expenditures |
2008 |
2007 |
Grants |
$ 7,605,500 |
$ 6,922,581 |
Grants management/administration |
1,038,638 |
869,349 |
Total expenditures |
8,644,138 |
7,791,930 |
Change in unrestricted net assets |
($38,972,612) |
$6,833,946 |
Net Assets - Unrestricted |
2008 |
2007 |
Beginning of year |
$ 177,855,412 |
$ 171,021,466 |
End of year |
$ 138,882,800 |
$ 177,855,412 |