The Harold
K.L. Castle Foundation hosted a special dinner for Kailua Elementary School
students as they showcased their art, listened to a Native Hawaiian legend about Kawainui Marsh and enjoyed a pizza reception with
their families and teachers.
Form 990
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2009 Financial Summary |
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Statement of Financial PositionDECEMBER 31, 2009 AND 2008 |
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Assets |
2009 |
2008 |
Cash and cash equivalents |
$35,893,537 |
$12,276,702 |
Receivables |
208,566 |
385,472 |
Prepaid expenses and other assets |
241,989 |
172,133 |
Investments |
120,840,531 |
127,149,503 |
Furniture, fixtures and equipment |
30,102 |
3,209 |
TOTAL ASSETS |
$ 157,214,725 |
$ 139,987,019 |
Liabilities and Net Assets |
2009 |
2008 |
Liabilities: |
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Accounts payable and other liabilites |
$ 968,506 |
$ 784,219 |
Federal excise tax |
551,962 |
320,000 |
Unrestricted net assets |
155,694,257 |
138,882,800 |
TOTAL LIABILITIES AND NET ASSETS |
$157,214,725 |
$ 139,987,019 |
Statement of Activities and Change in Net AssetsDECEMBER 31, 2009 AND 2008 |
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Investment Income |
2009 |
2008 |
Dividends, interest and other |
$ 2,048,729 |
$ 3,091,048 |
Rentals |
3,586,661 |
3,307,742 |
Realized and unrealized net gains on investment securities |
12,173,335 |
(36,903,622) |
Realized and unrealized net gains on real estate |
7,758,782 |
143,688 |
Net investment income before federal excise tax |
25,567,507 |
(30,361,144) |
Federal excise tax |
(268,460) |
32,670 |
Net investment income |
$ 25,299,047 |
$ (30,328,474) |
Expenditures |
2009 |
2008 |
Grants |
$ 7,494,846 |
$ 7,605,500 |
Grants management/administration |
992,744 |
1,038,638 |
Total expenditures |
8,487,590 |
8,644,138 |
Change in unrestricted net assets |
$16,811,457 |
($38,972,612) |
Net Assets - Unrestricted |
2009 |
2008 |
Beginning of year |
$ 138,882,800 |
$ 177,855,412 |
End of year |
$ 155,694,257 |
$ 138,882,800 |