WAIPA FOUNDATION

EIN: 990313224 501(c)(3)

HANALEI, HI

Total Revenue
$1,881,162
Total Expenses
$1,956,198
Total Assets
$3,490,985
Net Assets
$3,110,374
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
HI
Principal Officer
STACY M SPROAT
Phone
8086391815
Tax Period
2023-01-01 to 2023-12-31

WAIPA FOUNDATION, founded in 1994, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO RESTORE WAIPA'S VIBRANT NATURAL SYSTEMS AND RESOURCES, AND INSPIRE HEALTHY, THRIVING COMMUNITIES CONNECTED TO THEIR RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $1,692,171 Revenue: $596,105

WAIPA SERVED OVER 100 CHILDREN AND YOUTH FROM THE LOCAL COMMUNITY IN PROGRAMS ENRICHMENT, COMMUNITY BUILDING, LIFE AND WORK SKILLS, ACADEMICS AND HAWAIIAN CULTURAL VALUES AND PRACTICE. IN ADDITION...

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WAIPA SERVED OVER 100 CHILDREN AND YOUTH FROM THE LOCAL COMMUNITY IN PROGRAMS ENRICHMENT, COMMUNITY BUILDING, LIFE AND WORK SKILLS, ACADEMICS AND HAWAIIAN CULTURAL VALUES AND PRACTICE. IN ADDITION WAIPA SERVED OVER 1,000 LEARNERS FROM KAUA`I, HAWAII AND BEYOND ON EDUCATIONAL VISITS TO LEARN ABOUT HAWAIIAN CULTURE, VALUES AND RESOURCE MANAGEMENT, ENVIRONMENT AND FOOD. WAIPA MANAGED AND ACTIVELY MAINTAINED 50+ ACRES OF LAND, RESOURCES, AND FACILITIES AT WAIPA AS LEARNING SITES FOR PROGRAMS, COMMUNITY CONNECTION AND TO PROVIDE FOOD AND MATERIALS FOR WAIPA'S COMMUNITY AND PROGRAMS. WAIPA SERVED AS A FOOD HUB GROWING, PRODUCING, AND DISTRIBUTING OVER 35,000 LBS OF POI AND 5,000LBS OF FRESH PRODUCE DURING THE YEAR PLUS HEALTHY MEALS AND OTHER FOOD ITEMS TO COMMUNITY. WAIPA ALSO SUPPORTS COMMUNITY BASED ECONOMIC DEVELOPMENT BY PROVIDING AN INCUBATOR KITCHEN TO SMALL FOOD BUSINESSES AND HOSTING A WEEKLY FARMERS MARKET, ANNUAL FOOD FESTIVAL AND CHRISTMAS CRAFT FAIR. OVER 75 LOCAL FARMERS, CRAFTERS AND VENDORS WERE SERVED THROUGH THESE EVENTS. THE 2023 YEAR WAS ANOTHER BUSY AND AMAZING ONE FOR WAIPA.ANOTHER MAJOR ACTIVITY INCLUDED GROWING FRESH PRODUCE IN OUR GARDENS, AND PROCESSING POI IN OUR KITCHEN, BOTH OF WHICH ARE DISTRIBUTED WEEKLY AT AFFORDABLE PRICES (0%60% OF RETAIL) TO SUPPORT THE FOOD SUSTAINABILITY OF WAIPA'S COMMUNITIES. OVER 5,000 LBS OF FRESH PRODUCE WAS GROWN, AND OVER 35,000 LBS OF POI PROCESSED DURING THIS YEAR. PREPARED FOOD ITEMS INCLUDING BAKED GOODS AND SAVORY ENTREES CONTINUE TO BE SOLD THROUGH ITS SELF SERVE HONOR SYSTEM RETAIL SPACE ONSITE. ALL PRODUCTS CONTAIN LOCAL AND WAIPA INGREDIENTS. BAKED GOODS ARE PRICED AT RETAIL AND SAVORY ENTREES ARE PRICED AT 60% OF RETAIL AS SERVICE TO OUR COMMUNITY. SAVORY ITEMS PROVIDE LOCAL COMMUNITIES WITH HEALTHY, LOCAL, AFFORDABLE PREPARED FOODS. MANAGING AND MAINTAINING THE LAND, RESOURCES, AND FACILITIES AT WAIPA BOTH TO INCREASE THEIR HEALTH AND PRODUCTIVITY, AND AS LEARNING SITES, INCLUDING STREAM MONITORING AND RESTORATION WHICH HAS INCREASED THE HEALTH OF WAIPA STREAM, AS INDICATED BY REGULAR MONITORING; WAIPA ALSO MANAGES FARMS, GARDENS, GREENHOUSE, AND TARO FIELDS AND THEIR RELATED INFRASTRUCTURE; COASTAL HABITATS, CAMPSITES, AND A FISHPOND; LOWLAND NATIVE FOREST RESTORATION AND MANAGEMENT; OPEN SPACES FOR COMMUNITY FESTIVALS, GATHERINGS AND EVENTS; FACILITIES FOR PROGRAM USE, TO MEET, GATHER, PREPARE FOOD, AND ADMINISTRATIVE USE FOR MANAGEMENT OF THE ORGANIZATION AND ITS PROGRAMS. IN TOTAL OVER 50 ACRES OF LEARNING SITES AND FARM/GARDEN AREAS, ALONG WITH THEIR ACCESS AND WATER AND OTHER INFRASTRUCTURE WERE MAINTAINED BY WAIPA STAFF TEAM.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,259,776
Program Service Revenue $218,728
Investment Income $24,782
Other Revenue $377,876
TOTAL REVENUE $1,881,162

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $1,131,515
Fundraising Expenses $93,398
Program Expenses $1,692,171
Other Expenses $822,683
TOTAL EXPENSES $1,956,198

Year-over-Year Comparison

2023 2022 Change
Revenue $1,881,162 $1,551,349 +0.2%
Expenses $1,956,198 $1,205,715 +0.6%
Net Income $-75,036 $345,634 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
50
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$179,572
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS CHUN PRESIDENT, DIRECTOR 0.40
Officer Director
$0 $0 $0
PRESLEY WANN VICE PRESIDENT, DIRECTOR 0.20
Officer Director
$0 $0 $0
LIHAU HANNAHS-PAIK SECRETARY, DIRECTOR 0.20
Officer Director
$0 $0 $0
MICHELLE SWARTMAN TREASURER, DIRECTOR 0.20
Officer Director
$0 $0 $0
DONNA AANA-NAKAHARA DIRECTOR 0.20
Director
$0 $0 $0
GAYLA SPENCER DIRECTOR 0.20
Director
$0 $0 $0
LILLIAN WATARI DIRECTOR 0.20
Director
$0 $0 $0
TODD KUWAYE DIRECTOR 0.20
Director
$0 $0 $0
LEA KAIAOKAMALIE DIRECTOR 0.20
Director
$0 $0 $0
STACY M SPROAT EXECUTIVE DIRECTOR 40.00
Officer
$95,000 $13,444 $108,444
LEA WELDON ADMINISTRATIVE MANAGER / YOUTH PROGRAMS DIRECTOR 35.00
Officer
$60,448 $10,680 $71,128
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,881,162 $1,956,198 $3,490,985 $-75,036
2022 $1,551,349 $1,205,715 $3,240,137 $345,634
2021 $1,515,898 $1,443,307 $2,930,742 $72,591
2020 $1,150,054 $1,263,440 $2,885,690 $-113,386
2019 $1,354,986 $1,267,546 $2,946,592 $87,440
2018 $1,583,246 $1,426,508 $2,712,875 $156,738
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