PARKER RANCH FOUNDATION TR 091092: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PARKER RANCH FOUNDATION TR 091092 (EIN 99-6064620)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-10-08
- IRS object ID
- 201222839349300407
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-10-08T20:17:15-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205325889 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCUITY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 999 BISHOP STREET STE 1900 | AddressLine1 |
| City | HONOLULU | City |
| State | HI | State |
| ZIP Code | 96813 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 996064620 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARKER RANCH FOUNDATION TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PARK | NameControl |
| Phone | 8088857311 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66-1304 MAMALAHOA HIGHWAY | AddressLine1 |
| City | KAMUELA | City |
| State | HI | State |
| ZIP Code | 96743 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL W GIBSON | Name |
| Title | TRUSTEE CHAIR | Title |
| Phone | 8088857311 | Phone |
| Date Signed | 2012-10-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ACCUITY LLP | Name |
| PTIN | P00089337 | PTIN |
| Phone | 8085313400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TIMOTHY E JOHNS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66-1304 MAMALAHOA HIGHWAY | AddressLine1 |
| City | KAMUELA | City |
| State | HI | State |
| ZIP Code | 96743 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 28150346 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PRFT.ORG | WebSite |
| Type Of Organization Trust | X | TypeOfOrganizationTrust |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | HI | StateLegalDomicile |
| Activity Or Mission Description | PROVIDING PERPETUAL SUPPORT FOR DESIGNATED BENEFICIARIES ENGAGED IN...(CONTINUED ON SCHEDULE O) ... (CONTINUED FROM PAGE 1) HEALTHCARE, EDUCATION AND CHARITABLE PURPOSES FOR THE BENEFIT OF THE KAMUELA AREA, THROUGH THE SOUND MANAGEMENT AND PRUDENT INVESTMENT OF TRUST ASSETS. THE DESIGNATED BENEFICIARIES OF THE TRUST ARE NORTH HAWAII COMMUNITY HOSPITAL, INC., RICHARD SMART FUND, A COMPONENT OF THE HAWAII COMMUNITY FOUNDATION, HAWAII PREPARATORY ACADEMY AND THE PARKER SCHOOL TRUST CORPORATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 4 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 129231 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 3017 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5138622 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2333606 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5138622 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2333606 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2000000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2000000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 406988 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 358881 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 878893 | OtherExpensePriorYear |
| Other Expenses Current Year | 1008163 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3285881 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3367044 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1852741 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1033438 | RevenuesLessExpensesCY |
| Total Assets BOY | 262465055 | TotalAssetsBOY |
| Total Assets EOY | 256368818 | TotalAssetsEOY |
| Total Liabilities BOY | 5621671 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4288343 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 256843384 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 252080475 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE PERPETUAL SUPPORT FOR DESIGNATED BENEFICIARIES ENGAGED IN HEALTHCARE, EDUCATION, AND CHARITABLE PURPOSES FOR THE BENEFIT OF THE KAMUELA AREA, THROUGH THE SOUND MANAGEMENT OF TRUST ASSETS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2368943 | Expense |
| Grants | 2000000 | Grants |
| Description | SEE SCHEDULE O | Description |
| Total Program Service Expense | 2368943 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 4 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAHUA GUILLOZ CO PARKER RANCH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8088857311 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66-1304 MAMALAHOA HWY | AddressLine1 |
| City | KAMUELA | City |
| State | HI | State |
| ZIP Code | 96743 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (4 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| MICHAEL W GIBSON | |||||
| TRUSTEE | 24.00 | X | 90989 | 7250 | 0 |
| TIMOTHY E JOHNS | |||||
| TRUSTEE | 24.00 | X | 88429 | 11200 | 0 |
| DAVID H MCCOY | |||||
| TRUSTEE | 24.00 | X | 91033 | 0 | 0 |
| BRENDAN G MOYNAHAN | |||||
| TRUSTEE | 24.00 | X | 88430 | 14650 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 358881 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 33100 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GOLDMAN SACHS | |||||
| 85 BROAD STREET | NEW YORK | NY | 10004 | INVESTMENT MANAGEMENT | 485824 |
| CARLSMITH BALL LLP | |||||
| PO BOX 656 | HONOLULU | HI | 96809 | LEGAL | 124000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1390857 | TotalRevenueColumn |
| Unrelated Business Revenue | 129231 | UnrelatedBusinessRevenue |
| Exclusion | $1,261,626 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 26706119 | Securities |
| Other | 53370 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 25653204 | Securities |
| Other | 163536 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1052915 | Securities |
| Other | -110166 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 942749 | TotalRevenueColumn |
| Exclusion | $942,749 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2333606 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 129231 | UnrelatedBusinessRevenue |
| Exclusion | $2,204,375 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2000000 | Total |
| Program Services | 2000000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 358881 | Total |
| Program Services | 357630 | ProgramServices |
| Management And General | 1251 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45251 | Total |
| Program Services | 11313 | ProgramServices |
| Management And General | 33938 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47093 | Total |
| Management And General | 47093 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 485825 | Total |
| Management And General | 485825 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168316 | Total |
| Management And General | 168316 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 900 | Total |
| Management And General | 900 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1033 | Total |
| Management And General | 1033 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3077 | Total |
| Management And General | 3077 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3234 | Total |
| Management And General | 3234 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52 | Total |
| Management And General | 52 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1887 | Total |
| Management And General | 1887 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47522 | Total |
| Management And General | 47522 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230 | Total |
| Management And General | 230 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16112 | Total |
| Management And General | 16112 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| G&A ALLOCATION | 98000 | 98000 |
| FOREIGN TAXES | 44911 | 44911 |
| PROFESSIONAL FEES | 43684 | 43684 |
| EVENTS | 555 | 555 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 481 | Total |
| Management And General | 481 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3367044 | Total |
| Program Services | 2368943 | ProgramServices |
| Management And General | 998101 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 682000 | BOY |
| EOY | 864587 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87842 | BOY |
| EOY | 113210 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5323000 | BOY |
| EOY | 1836000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1563114 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 18435 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1544909 | BOY |
| EOY | 1544679 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44184382 | BOY |
| EOY | 40900454 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210642922 | BOY |
| EOY | 211109888 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 262465055 | BOY |
| EOY | 256368818 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 171854 | BOY |
| EOY | 149602 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2000000 | BOY |
| EOY | 2000000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3350000 | BOY |
| EOY | 2050000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99817 | BOY |
| EOY | 88741 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5621671 | BOY |
| EOY | 4288343 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 256843384 | BOY |
| EOY | 252080475 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 256843384 | BOY |
| EOY | 252080475 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 262465055 | BOY |
| EOY | 256368818 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1033438 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3729471 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (4 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| NORTH HAWAII COMMUNITY HOSPITAL | |||||
| 990260423 | 3 | 1 | 1 | 1 | $960,000 |
| HAWAII COMMUNITY FOUNDATION | |||||
| 990261283 | 7 | 1 | 1 | 1 | $400,000 |
| HAWAII PREPARATORY ACADEMY | |||||
| 990078306 | 2 | 1 | 1 | 1 | $320,000 |
| PARKER SCHOOL TRUST CORPORATION | |||||
| 990354692 | 2 | 1 | 1 | 1 | $320,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 4 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 2000000 | SumOfAmounts |
Schedule D IRS990ScheduleD
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | -53370 | RevenuesIncluded |
| Assets In Part X | 370140 | AssetsInPartX |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | INVESTMENT PURPOSES | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1544220 | InvestmentCostOrOtherBasis |
| Book Value | 1544220 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 18894 | InvestmentCostOrOtherBasis |
| Depreciation | 18435 | Depreciation |
| Book Value | 459 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1544679 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ART COLLECTION NET OF ALLOWANCE | 370140 | F |
| PARKER RANCH INC. | 203049701 | C |
| PRIVATE EQUITY FUNDS | 7690047 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 211109888 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO PARKER RANCH, INC. | $12,499 |
| LIABILITY FOR EARTHQUAKE REPAIR | $35,822 |
| POST-RETIRE BENEFITS PAYABLE | $34,682 |
| OTHER LIABILITIES | $5,738 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 88741 | TotalOfAmounts |
| Total Revenue | 2333606 | TotalRevenue |
| Total Expenses | 3367044 | TotalExpenses |
| Excess Or Deficit For Year | -1033438 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -3726477 | NetUnrealizedGLOnInvestments |
| Other | -$2,994 | OtherAmount |
| Total Adjustments | -3729471 | TotalAdjustments |
| Excess Or Deficit Per FS | -4762909 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16220321 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -3726477 | NetUnrealizedGainsInvestments |
| Other Revenues | 17613192 | OtherRevenues |
| Revenue Not Rptd F990 | 13886715 | RevenueNotRptdF990 |
| Revenue Subtotal | 2333606 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2333606 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21225489 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 17858445 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 17858445 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3367044 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3367044 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | DIFFERENCE IN COMPENSATION PAID TO TRUSTEES (REPORTED ON 1099 VS ACCRUED) -2,994. |
| SCHEDULE D, PAGE 4, PART XI, LINE 10: PARKER RANCH FOUNDATION TRUST'S ("PRFT") AUDITED FINANCIAL STATEMENTS INCLUDE ITS TAXABLE SUBSIDIARY, PARKER RANCH, INC. ("PRI"). THE PRFT BOOK INCOME ON LINE 10 OF ($4,762,909) PLUS THE PRI BOOK INCOME OF ($242,259) TIES TO THE TOTAL NET INCOME ON THE CONSOLIDATED AUDIT REPORT OF ($5,005,168). SCHEDULE D, PAGE 4, PART XII, LINE 2D: REVENUES STATED ON THIS LINE ARE FROM ACTIVITIES OF WHOLLY OWNED SUBSIDIARIES WHICH ARE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION. THE SUBSIDIARIES ARE REPORTED SEPARATELY FOR INCOME TAX PURPOSES. THIS ORGANIZATION IS NOT REPORTED SEPARATELY FOR BOOK PURPOSES. SCHEDULE D, PAGE 4, PART XIII, LINE 2D: EXPENSES STATED ON THIS LINE ARE FROM ACTIVITIES OF WHOLLY OWNED SUBSIDIARIES WHICH ARE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION. THE SUBSIDIARIES ARE REPORTED SEPARATELY FOR INCOME TAX PURPOSES. THIS ORGANIZATION IS NOT REPORTED SEPARATELY FOR BOOK PURPOSES. SCHEDULE D, PAGE 4, PART XIII, LINE 2D: THE COMPENSATION PAID TO TRUSTEES AS REPORTED ON FORM 990, PART VII, SECTION A AND ON PART IX, LINE 5, ARE BASED ON AMOUNTS FILED WITH THE IRS ON FORMS 1099. AS THE FINANCIAL STATEMENTS ARE KEPT ON ACCRUAL BASIS, THERE IS A RESULTING TIMING DIFFERENCE BETWEEN SALARY EXPENSE REPORTED ON THE FINANCIAL STATEMENTS AND REPORTED ON FORM 1099. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|
| NORTH HAWAII COMMUNITY HOSPITAL | ||||||||
| 67-1125 MAMALAHOA HIGHWAY | KAMUELA | HI | 96743 | 990260423 | 501(C)(3) | 960000 | FMV | GENERAL SUPPORT FOR HOSPITAL |
| HAWAII COMMUNITY FOUNDATION | ||||||||
| 1164 BISHOP STREET SUITE 800 | HONOLULU | HI | 96813 | 990261283 | 501(C)(3) | 400000 | FMV | GENERAL SUPPORT FOR FOUNDATION |
| HAWAII PREPARATORY ACADEMY | ||||||||
| 65-1692 KOHALA MOUNTAIN ROAD | KAMUELA | HI | 967438476 | 990078306 | 501(C)(3) | 320000 | FMV | GENERAL SUPPORT FOR SCHOOL |
| PARKER SCHOOL TRUST CORPORATION | ||||||||
| PO BOX 1720 | KAMUELA | HI | 96743 | 990354692 | 501(C)(3) | 320000 | FMV | GENERAL SUPPORT FOR SCHOOL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: PRFT IS A TYPE 1 SUPPORTING ORGANIZATION AND DISTRIBUTES GRANTS TO ITS FOUR BENEFICIARY 501(C)(3) ORGANIZATIONS. THESE RECIPIENT ORGANIZATIONS HAVE A RESPONSIBILITY TO USE CONTRIBUTIONS RECEIVED IN ACCORDANCE WITH THEIR OWN EXEMPT PURPOSE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | SELECTION OF TRUSTEES IS CONTROLLED BY THE CHARITABLE ORGANIZATIONS IT SUPPORTS, WITHIN THE MEANING OF IRC SECTION 509(A)(3)(B)(I) AND THE REGULATIONS THEREUNDER. | |
| FORM 990, PART VI, SECTION B, LINE 11 | COPIES OF FORM 990 ARE PROVIDED TO ALL TRUSTEES OF PARKER RANCH FOUNDATION TRUST PRIOR TO FILING THE RETURN. DURING THIS TIME THE TRUSTEES ARE PROVIDED THE OPPORTUNITY TO REVIEW, COMMENT AND SUBMIT BACK TO THE TAX PREPARER ANY CHANGES OR MODIFICATIONS DEEMED APPROPRIATE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE PARKER RANCH FOUNDATION TRUST REQUIRES THAT A WRITTEN AND SIGNED CONFLICT OF INTEREST POLICY BE COMPLETED ANNUALLY IN THE BEGINNING OF THE YEAR. ALL SIGNED STATEMENTS ARE THEN REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES AT THE FEBRUARY TRUSTEE MEETING. IN ADDITION, THE ORGANIZATION HAS A STANDING POLICY WHICH REQUIRES CONFLICT OF INTEREST STATEMENTS BE COMPLETELY REDONE AND RESUBMITTED ONCE ANY PARTY IS AWARE OF ANY CHANGES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR VIEWING TO INTERESTED PARTIES UPON REQUEST. | |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION TO THE TRUSTEES OF THE PARKER RANCH FOUNDATION TRUST WAS ESTABLISHED BY TRUST BENEFICIARIES/SUPPORTED ORGANIZATIONS AND REPORTED IN 2011 FORM 990, PART VII, SECTION A. THE COMPENSATION REPORTED IN 2011 FORM 990, PART VII, SECTION A, REMAINS AT THE SAME LEVELS REPORTED IN THE 2010 FORM 990, PART VII, SECTION A. TRUSTEE COMPENSATION REPORTED IN THE 2010 FORM 990 WAS REVIEWED BY AN INDEPENDENT CONSULTING FIRM USING COMPARABILITY DATA, AND APPROVED BY ALL TRUST BENEFICIARIES/SUPPORTED ORGANIZATIONS OF PARKER RANCH FOUNDATION TRUST, A TYPE I SUPPORTING ORGANIZATION. | |
| FORM 990, PART VI, SECTION B, LINE 15B | PARKER RANCH FOUNDATION TRUST HAS NO OFFICERS OR EMPLOYEES. | |
| FORM 990, PART VII, SECTION A, PART B | ALL TRUSTEES SPENT APPROXIMATELY 8 HOURS A WEEK ON AVERAGE ON RELATED ORGANIZATIONS. | |
| FORM 990, PART X, LINE 23 | MARGIN LOAN WITH GOLDMAN SACHS $2,050,000 BANK LOAN FOR WHICH PRFT IS LISTED AS CO-BORROWER $16,661,328 OFFSET TO BANK LOAN - PORTION TO BE PAID BY CO-BORROWER ($16,661,328) TOTAL TO BALANCE SHEET, LINE 23 $2,050,000 | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -3,726,477. DIFFERENCE IN COMPENSATION PAID TO TRUSTEES (REPORTED ON 1099 VS ACCRUED) -2,994. TOTAL TO FORM 990, PART XI, LINE 5: -3,729,471. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2(C): | THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH IS RESPONSIBLE FOR THE SELECTION OF INDEPENDENT ACCOUNTANTS AND FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS. | |
| FORM 990, PART VIII, LINE 7(C): | NET LOSSES ON ALTERNATIVE INVESTMENTS THROUGH GOLDMAN SACHS. | |
| 990, PART III, LINE 4(A): | PARKER RANCH FOUNDATION TRUST ("PRFT", THE "TRUST") WAS FORMED ON NOVEMBER 12, 1992. RICHARD SMART DEDICATED SUBSTANTIAL ASSETS FROM HIS PERSONAL ESTATE TO PRFT TO BE HELD FOR THE BENEFIT OF NAMED BENEFICIARIES. AT DECEMBER 31, 2011, SUCH NAMED BENEFICIARIES WERE HAWAII PREPARATORY ACADEMY, PARKER SCHOOL TRUST CORPORATION, NORTH HAWAII COMMUNITY HOSPITAL AND THE HAWAII COMMUNITY FOUNDATION. SUCH TRANSFERRED ASSETS WERE COMPRISED PRIMARILY OF REAL ESTATE ON THE ISLAND OF HAWAII AND RANCH ASSETS/OPERATIONS KNOWN AS "PARKER RANCH." PRFT CURRENTLY HOLDS THESE RANCH ASSETS/OPERATIONS AS PARKER RANCH, INC. ("PRI"); A WHOLLY-OWNED, FOR PROFIT SUBSIDIARY. PRFT IS DIRECTED BY TRUSTEES WHO ARE RESPONSIBLE FOR OVERSEEING THE TRUST'S OPERATIONS IN ACCORDANCE WITH THE TRUST AGREEMENT AND SELECTION/OVERSIGHT OF DIRECTORS AND THE MANAGEMENT TEAM THAT RUNS THE PRI OPERATIONS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PARKER RANCH INC | ||||||||||||
| 66-1304 MAMALAHOA HIGHWAY | KAMUELA | HI | 96743 | 990322325 | BEEF/CATTLE RANCHING | HI | N/A | C | 234149 | 274129385 | 1.00000 | |
| WAIMEA WASTEWATER COMPANY INC | ||||||||||||
| 66-1304 MAMALAHOA HIGHWAY | KAMUELA | HI | 96743 | 990322324 | PUBLIC UTILITY | HI | C | 100734 | 2553531 | 1.00000 | PARKER RANCH INC | |
| PARKER RANCH REALTY INC | ||||||||||||
| 66-1304 MAMALAHOA HIGHWAY | KAMUELA | HI | 96743 | 990329241 | BROKERAGE | HI | C | 1.00000 | PARKER RANCH INC | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| PARKER RANCH INC | ||
| O | 98000 | FMV |
| PARKER RANCH INC | ||
| A | 13200 | FMV |