HERBERT C SHIPMAN FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- HERBERT C SHIPMAN FOUNDATION (EIN 99-0175917)
- Tax period
- 2010-08-01 to 2011-07-31
- Filed
- 2011-11-01
- IRS object ID
- 201133059349100708
- Schema version
- 2010v3.4
- 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
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Stock Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-01T19:39:30-05:00 | Timestamp |
| Tax Period End Date | 2011-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERBERT M NAKAYAMA CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1216 KINOOLE ST | AddressLine1 |
| City | HILO | City |
| State | HI | State |
| ZIP Code | 967204134 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 990175917 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERBERT C SHIPMAN FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HERB | NameControl |
| Phone | 8089354334 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1216 KINOOLE STREET | AddressLine1 |
| City | HILO | City |
| State | HI | State |
| ZIP Code | 96720 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRED J KOEHNEN | Name |
| Title | SECRETARY/TREASURER | Title |
| Phone | 8089354334 | Phone |
| Date Signed | 2011-10-27 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HERBERT M NAKAYAMA | Name |
| Phone | 8089353734 | Phone |
| Date Prepared | 2011-11-01 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 548504 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 23 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 23 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 17399 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 17399 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 3348 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 3348 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 3348 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 1000 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 1000 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 21770 | TotalRevenueAndExpenses |
| Total Net Investment Income | 21770 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 3600 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 3600 | AccountingFeesNetInvstIncm |
| Taxes Rev And Expnss | 207 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 207 | TaxesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 3807 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 3807 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 27300 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 27300 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 31107 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 3807 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 27300 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -9337 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 17963 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 82 | CashBOY |
| Savings And Temp Cash Invst BOY | 46862 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 16861 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 16861 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 480094 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 500840 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 531643 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 527038 | TotalAssetsBOY |
| Total Assets EOY | 517701 | TotalAssetsEOY |
| Total Assets EOYFMV | 548504 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 527038 | RetainedEarningsBOY |
| Retained Earnings EOY | 517701 | RetainedEarningsEOY |
| Total Net Assets BOY | 527038 | TotalNetAssetsBOY |
| Total Net Assets EOY | 517701 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 527038 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 517701 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 527038 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -9337 | ExcessOfRevenueOverExpenses |
| Subtotal | 517701 | Subtotal |
| Total Net Assets Fund Balances EOY | 517701 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 3348 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 21816 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 491342 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.044401 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 35796 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 442595 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.080878 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 63677 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 732899 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.086884 | DistributionRatioYear3 |
| Noncharitable Assets Year4 | 753184 | NoncharitableAssetsYear4 |
| Qualifying Distributions Year5 | 13026 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 687407 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.018949 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.231112 | TotalDistributionRatio |
| Average Distribution Ratio | 0.057778 | AverageDistributionRatio |
| Net Noncharitable Assets | 524234 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 30289 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 180 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 30469 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 27300 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 359 | InvestmentIncomeExciseTax |
| Subtotal | 359 | Subtotal |
| Tax Based On Investment Income | 359 | TaxBasedOnInvestmentIncome |
| Tax Due | 359 | TaxDue |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | HI | StatesFiledWith |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | HERBERT M NAKAYAMA CPA | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 8089353734 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1216 KINOOLE STREET | AddressLine1 |
| City | HILO | City |
| State | HI | State |
| ZIP Code | 967204134 | ZIPCode |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| JEFFREY CHOI | ||||||||
| 1706 WAIANUENUE AVE | HILO | HI | 96720 | PRESIDENT | 0.00 | 0 | 0 | 0 |
| FRED J KOEHNEN | ||||||||
| 111 KAPAA ST | HILO | HI | 96720 | SEC/TREAS | 1.00 | 0 | 0 | 0 |
| NANCY CABRAL | ||||||||
| 2 KAMEHAMEHA AVE | HILO | HI | 96720 | VICE-PRESIDE | 0.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 495036 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 37181 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 532217 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 532217 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 7983 | CashDeemedCharitable |
| Net Noncharitable Assets | 524234 | NetNoncharitableAssets |
| Minimum Investment Return | 26212 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 26212 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 359 | TaxBasedOnInvestmentIncome |
| Total Tax | 359 | TotalTax |
| Distributable Amount Before Adj | 25853 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 25853 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 25853 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 27300 | ExpensesAndContributions |
| Qualifying Distributions | 27300 | QualifyingDistributions |
| Adj Qualifying Distributions | 27300 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 25853 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 24266 | UndistributedIncomePriorYear |
| Qualifying Distributions | 27300 | QualifyingDistributions |
| Applied To Year1 | 24266 | AppliedToYear1 |
| Applied To Current Year | 3034 | AppliedToCurrentYear |
| Undistributed Income CY | 22819 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| HAWAII COMMUNITY FOUNDATI | ||||||
| 1164 BISHOP ST SUITE 80 | HONOLULU | HI | 96713 | 501(C)3 | SCHOLARSHIPS | $13,000 |
| HILO MEDICAL CENTER FOUND | ||||||
| 1190 WAIANUENUE AVE | HILO | HI | 96720 | 501(C)3 | ATTRACT PHYSICIANS TO HILO | $5,000 |
| THE ARC OF HILO | ||||||
| 1099 WAIANUENUE AVE | HILO | HI | 96720 | 501(C)3 | CAPITAL CAMPAIGN | $3,100 |
| BAY CLINIC INC | ||||||
| HAILI ST | HILO | HI | 96720 | 501(C)3 | KA'U CENTER CONSTRUCTION | $3,100 |
| THE FOOD BASKET INC | ||||||
| 130B HOLOMUA ST | HILO | HI | 96720 | 501(C)(3) | FOOD PURCHASES | $3,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 27300 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $23 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $17,399 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 3348 | RelatedOrExemptFunctionIncome |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | IRS REFUND | Description |
| Exclusion Code | 1 | ExclusionCode |
| Exclusion | $1,000 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $18,422 | ExclusionAmount |
| Related Or Exempt Function Income | 3348 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 21770 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | HERBERT M. NAKAYAMA, CPA | Category |
| Amount | $3,600 | Amount |
| Net Investment Income | 3600 | NetInvestmentIncome |
Compensation Explanation CompensationExplanation
Compensation Compensation (3 entries)
| JEFFREY CHOI |
| FRED J KOEHNEN |
| NANCY CABRAL |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (11 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| ARTIO GLOBAL HIGH INCOME | 90868 | 92682 |
| ARTISAN MIDCAP | 52519 | 59253 |
| COHEN & STEERS REALTY | 56722 | 52287 |
| JANUS BALANCED FD CL J | 27329 | 33590 |
| LAZARD EMERGING MARKETS | 49339 | 45489 |
| MARSHALL SMALL CAP | 52535 | 53165 |
| OAKMARK EQUITY INCOMEFD | 25594 | 33570 |
| PARNASSUS EQUITY INCOME | 30870 | 38572 |
| PIMCO ALL ASSET ALL | 29597 | 34038 |
| PIMCO TOTAL RETURN FUND | 56369 | 57938 |
| ROYCE FINANCIAL | 29098 | 31059 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | IRS REFUND | Description |
| Revenue And Expenses Per Books | 1000 | RevenueAndExpensesPerBooks |
| Net Investment Income | 1000 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX | Category |
| Amount | $207 | Amount |
| Net Investment Income | 207 | NetInvestmentIncome |