2024-01-29T17:17:00-06:00 2023-06-30 990237347 OHATA CHUN YUEN LLP 3684 WAIALAE AVENUE HONOLULU HI 96816 990 2022-07-01 383926901 FOUNDATION FOR MARYKNOLL SCHOOL FOUN 8089527322 1526 ALEXANDER STREET HONOLULU HI 96822 BUDD LAUER EXECUTIVE DIRECTOR 8089527322 2024-01-23 1 BUDD LAUER 999009999 0 CHRIS QY YUEN P00646551 8087358585 2024-01-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BUDD LAUER 1526 ALEXANDER ST HONOLULU HI 96822 4118966 0 X N/A X 2013 HI EXISTS SOLELY FOR THE BENEFIT OF MARYKNOLL SCHOOL, A ROMAN CATHOLIC SCHOOL LOCATED IN HONOLULU, HAWAII AND OPERATED BY SACRED HEART PARISH. 10 10 0 75 0 0 2870677 875973 0 0 452303 491290 63835 94965 3386815 1462228 193105 2561966 0 0 559125 411907 0 0 756573 276557 374221 1028787 3348094 2358028 -1885866 31192590 31546549 1069648 1762293 30122942 29784256 THE FOUNDATION EXISTS SOLELY FOR THE BENEFIT OF MARYKNOLL SCHOOL, A ROMAN CATHOLIC SCHOOL LOCATED IN HONOLULU, HAWAII AND OPERATED BY SACRED HEART PARISH. 0 0 2561966 2561966 OPERATE EXCLUSIVELY FOR THE BENEFIT OF MARYKNOLL SCHOOL. 2561966 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 10 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X MARYKNOLL SCHOOL 8089527322 1526 ALEXANDER ST HONOLULU HI 96822 X KEVIN SAKAMOTO PRESIDENT 1.00 X X 0 0 0 CORI WESTON VICE PRESIDENT 1.00 X X 0 0 0 ROBERT HARRISON DIRECTOR 1.00 X 0 0 0 DERRICK WONG SECRETARY/TREASURER 1.00 X X 0 0 0 FR EJ RESINTO CHAIR OF MEMBERS 1.00 X 0 0 0 BISHOP LARRY SILVA MEMBER 1.00 X 0 0 0 PAUL CHINEN MEMBER 1.00 X 0 0 0 PETER FONG MEMBER 1.00 X 0 0 0 AL WONG MEMBER 1.00 X 0 0 0 EMILY MCCOLLUM DIRECTOR 1.00 X 0 0 0 KEVIN HIGA DIRECTOR 1.00 X 0 0 0 ANTHONY MIZUNO DIRECTOR 1.00 X 0 0 0 ROSS MURAKAMI DIRECTOR 1.00 X 0 0 0 H BRIAN MOORE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 875973 875973 499718 499718 270858 163501 107357 107357 107357 2455587 2464015 -8428 -8428 -8428 16830 29222 -12392 -12392 1462228 98929 0 487326 2561966 2561966 411907 411907 550 550 29555 29555 31109 31109 OUTSIDE SERVICES 167316 167316 ALUMNI 61309 61309 BAD DEBTS 58491 58491 LOCAL EXPENSES 16729 16729 9162 9162 3348094 2561966 29555 756573 2115274 486359 370591 1982011 829925 736601 79870 9437412 1049173 8400256 8388239 19453880 19851369 22664 22100 31192590 31546549 1046984 1734193 6000 22664 22100 1069648 1762293 X 8785558 8312722 21337384 21471534 30122942 29784256 31192590 31546549 -1885866 1547180 0 X X 0 1 X 1 0 X X 1 MARYKNOLL SCHOOL 990110569 2 1 2561966 0 1 2561966 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A PAGE 5 SECTION C LINE 1 SEVERAL MEMBERS OF THE FOUNDATION BOARD ARE CURRENT OR FORMER TRUSTEES OF MARYKNOLL SCHOOL. ALSO, MAJOR DECISIONS, AS DEFINED, ARE SUBJECT TO APPROVAL BY FOUNDATION BOARD MEMBERS WITH THE REQUIREMENT THAT SACRED HEART PARISH PASTOR VOTES IN THE MAJORITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10244215 9150 1968152 12221517 12796126 213083 -2764994 10244215 8705602 35948 4054576 12796126 7807507 13603 884492 8705602 7026171 260696 520640 7807507 0.10000 0.49000 0.41000 0 0 8344590 8344590 1092822 1049173 43649 8388239 MUTUAL FUND 19851369 F 19851369 SECURITY DEPOSITS 22100 22100 X 2979853 1547180 1547180 1432673 29555 29555 1462228 3318539 0 3318539 29555 29555 3348094 PART V, LINE 4: THE FOUNDATION FOR MARYKNOLL SCHOOL OPERATES SOLELY FOR THE BENEFIT OF MARYKNOLL SCHOOL. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2023. FOR YEARS ENDED BEFORE JUNE 30, 2020, THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAXING AUTHORITIES. X X X X X 1 FUNDRAISING EVENTS 16830 16830 29222 16830 16830 29222 29222 -12392 1 MARYKNOLL SCHOOL 1526 ALEXANDER STREET HONOLULU HI 96822 990110569 2561966 0 SCHOOL SCHOLARSHIP FUND AND VARIOUS SCHOOL PROGRAMS. 1 FORM 990, PART I, LINE 4 THE FOUNDATION IS A MEMBERSHIP CORPORATION THAT CONSISTS OF 5 MEMBERS. THE MEMBERS ELECTED DIRECTORS TO THE BOARD OF DIRECTORS. FORM 990, PART V, LINE 2A THE FOUNDATION'S SALARIES, PAYROLL TAXES AND EMPLOYEE BENEFITS WERE PAID BY MARYKNOLL SCHOOL. EMPLOYEES' W-2 WERE ISSUED BY MARYKNOLL SCHOOL. THE FOUNDATION REIMBURSED MARYKNOLL SCHOOL FOR THESE EXPENSES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE IDENTIFIED IN THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RESERVED RIGHT TO ELECT DIRECTORS, WITH THE AFFIRMATIVE VOTE OF A MAJORITY OF ALL OF THE INCUMBENT MEMBERS, WHICH MAJORITY MUST INCLUDE THE PASTOR OF SACRED HEART PARISH. FORM 990, PART VI, SECTION A, LINE 7B THE AFFIRMATIVE VOTE OF A MAJORITY OF ALL THE MEMBERS, WHICH MAJORITY MUST INCLUDE THE PASTOR, SHALL BE REQUIRED TO (1) ELECT A DIRECTOR, (2) REMOVE A DIRECTOR, (3) ADOPT ANY AMENDMENT OR REPEAL OF THESE BYLAWS, (4) ADOPT ANY AMENDMENT OR RESTATEMENT OF THE ARTICLES, (5) ADOPT ANY PLAN OF MERGER OR CONSOLIDATION OF THE CORPORATION, (6) APPROVE THE SALE, LEASE, EXCHANGE OR PLEDGE OF ALL OF THE PERSONAL PROPERTY ASSETS OF THE CORPORATION OR OF SUCH SUBSTANTIAL PART THEREOF AS WOULD RENDER CONTINUED OPERATIONS IMPRACTICABLE, (7) AUTHORIZE THE PURCHASE, SALE, LEASE, EXCHANGE OR MORTGAGE OF ANY OF THE REAL PROPERTY ASSETS OF THE CORPORATION, EXCEPT THAT RESIDENTIAL TENANT LEASES OF THREE YEARS OR LESS SHALL NOT REQUIRE MEMBER AUTHORIZATION, (8) AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE CORPORATION OR REVOKE PROCEEDINGS THEREFOR, AND (9) ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION ONLY HAS A BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE FOUNDATION'S BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN CONFLICT OF INTEREST POLICY STATEMENTS ANNUALLY. ADMINISTRATIVE STAFF REVIEWS TRANSACTIONS FOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE FOUNDATION'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE FOUNDATION'S OFFICE. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. MARYKNOLL SCHOOL 1526 ALEXANDER ST HONOLULU HI 96822 990110569 SCHOOL HI 501(C)(3) CATHOLIC SCHOOL K-12 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 MARYKNOLL SCHOOL B 2561966 CASH MARYKNOLL SCHOOL M N/A MARYKNOLL SCHOOL N N/A