THE ARCADIA FOUNDATION

EIN: 990335929 501(c)(3) Philanthropy & Grantmaking

HONOLULU, HI

Total Revenue
$804,332
Total Expenses
$895,562
Total Assets
$23,183,345
Net Assets
$22,075,571
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
HI
Principal Officer
VIVIAN LAI
Phone
8089410941
Tax Period
2024-01-01 to 2024-12-31

THE ARCADIA FOUNDATION, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $804K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $896K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ARCADIA FOUNDATION IS A SUPPORTING ORGANIZATION FOR ARCADIA COMMUNITY SERVICES, INCLUDING SUPPORTING THE NEEDS OF THE RESIDENTS AND MEMBERS OF THE LIFE PLAN COMMUNITIES ASSOCIATED WITH ARCADIA COMMUNITY SERVICES WHO HAVE EXHAUSTED THEIR RESOURCES, AND TO PROVIDE BENEFIT TO AND SERVE THE NEEDS OF THE ELDERLY OF THE GREATER HAWAII COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $758,645 Revenue: $193

THE ARCADIA FOUNDATION IS THE SUPPORTING ORGANIZATION FOR ARCADIA COMMUNITY SERVICES (ACS), SUPPORTING THE NEEDS OF THE RESIDENTS AND MEMBERS OF LIFE PLAN COMMUNITIES ASSOCIATED WITH ACS WHO HAVE...

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THE ARCADIA FOUNDATION IS THE SUPPORTING ORGANIZATION FOR ARCADIA COMMUNITY SERVICES (ACS), SUPPORTING THE NEEDS OF THE RESIDENTS AND MEMBERS OF LIFE PLAN COMMUNITIES 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 COMMUNITY.

Program 2
Expenses: $64,806 Revenue: $21,688

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...

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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. THE SERVICES INCLUDE ENTERTAINMENT, EXCURSIONS, TRANSPORTATION, A WALK-COMPANION PROGRAM AS WELL AS OTHER PERSONAL SERVICE SUCH AS MASSAGES, MANICURES AND PEDICURES.

Program 3

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...

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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. SEE SCHEDULE O FOR THE STATEMENT OF COMMUNITY BENEFIT FOR THE YEAR ENDED DECEMBER 31, 2024.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $360,727
Program Service Revenue $267
Investment Income $415,417
Other Revenue $27,921
TOTAL REVENUE $804,332

Expense Breakdown

Grants Paid $758,645
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $823,451
Other Expenses $136,917
TOTAL EXPENSES $895,562

Year-over-Year Comparison

2024 2023 Change
Revenue $804,332 $385,784 +1.1%
Expenses $895,562 $711,331 +0.3%
Net Income $-91,230 $-325,547 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
10
Employees
N/A
Volunteers
11

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
7
$740,784
Total Directors
13
$740,784
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN ZORN CHAIRMAN 1.00
Officer Director
$0 $0 $0
LUCAS SAYIN VICE CHAIR 0.50
Officer Director
$0 $0 $0
KOREN DREHER TREASURER 0.50
Officer Director
$0 $0 $0
CORLIS CHANG SECRETARY 0.50
Officer Director
$0 $0 $0
ANDREW BUNN BOARD MEMBER 0.50
Director
$0 $0 $0
REV DR DAVID POPHAM BOARD MEMBER 0.50
Director
$0 $0 $0
LAURA REICHARDT BOARD MEMBER 0.50
Director
$0 $0 $0
KENT REINKER BOARD MEMBER 0.50
Director
$0 $0 $0
REV RUSHAN SINNADURAY BOARD MEMBER 0.50
Director
$0 $0 $0
ARKIE KOEHL BOARD MEMBER 0.50
Director
$0 $0 $0
KATHY AOKI FORMER VICE CHAIR 0.50
Officer Director
$0 $0 $0
SUZIE SCHULBERG PRESIDENT & CEO 4.00
Officer Director
$0 $35,893 $451,170
VIVIAN LAI CFO 4.00
Officer Director
$0 $19,317 $289,614
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 $804,332 $895,562 $23,183,345 $-91,230
2023 $385,784 $711,331 $22,588,583 $-325,547
2022 $578,386 $506,480 $22,312,439 $71,906
2021 $2,727,541 $294,993 $24,846,111 $2,432,548
2020 $2,085,513 $358,931 $22,876,434 $1,726,582
2019 $770,942 $217,285 $20,730,207 $553,657
2018 $897,906 $143,510 $19,097,250 $754,396
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