Overview
What is Parker Ranch Foundation Trust?
Parker Ranch Foundation Trust, established in 1992, is a charitable organization based in Kamuela, Hawaii. Richard Smart donated a significant portion of his estate's assets to this trust, primarily real estate and ranch assets known as Parker Ranch, for the benefit of named beneficiaries such as Hawaii Preparatory Academy, Parker School, Queen's North Hawaii Community Hospital, and the Hawaii Community Foundation. The trust is managed by trustees who ensure the assets are utilized in accordance with the trust agreement. Parker Ranch Foundation Trust primarily supports organizations engaged in healthcare, education, and charitable purposes to benefit the Kamuela area. It achieves this objective through the careful management and prudent investment of its trust assets.
Official website here: www.prft.org
Is Parker Ranch Foundation Trust legitimate?
Parker Ranch Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parker Ranch Foundation Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $275,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.prft.org
What is the mission statement of Parker Ranch Foundation Trust?
The Parker Ranch Foundation Trust, established in 1992, is committed to providing perpetual support for designated beneficiaries engaged in healthcare, education, and charitable purposes. This support is aimed at benefiting a specific area, without specifying the location. The trust achieves this objective by meticulously managing and prudently investing its assets. The beneficiaries of the trust include organizations such as Queen's North Hawaii Community Hospital, the Richard Smart Fund, Hawaii Preparatory Academy, and Parker School. The trust's assets primarily consist of real estate and ranch operations on the island of Hawaii. The trust currently holds some of these assets through a wholly-owned, for-profit subsidiary named Parker Ranch, Inc. (PRI). The trustees are responsible for managing the trust's assets in accordance with the trust agreement, and they oversee the management team that runs the PRI operations.
Official website here: www.prft.org
Who is the CEO of Parker Ranch Foundation Trust?
Timothy E Johns is the Trustee Chai of Parker Ranch Foundation Trust.
Official website here: www.prft.org
What is the revenue of Parker Ranch Foundation Trust?
Parker Ranch Foundation Trust's revenue in 2022 was $7,839,099.
Official website here: www.prft.org
Who are the executives of Parker Ranch Foundation Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $95,000
- Related: $9,700
- Other: $0
- Compensation: $90,000
- Related: $11,100
- Other: $0
- Compensation: $90,000
- Related: $9,500
- Other: $0
Official website here: www.prft.org
Where can I find the form 990 for Parker Ranch Foundation Trust?
Parker Ranch Foundation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prft.org
Learn more at the official website: www.prft.org
Mission Statement of Parker Ranch Foundation Trust
The Parker Ranch Foundation Trust, in its mission, aims to provide perpetual support to designated beneficiaries involved in healthcare, education, and charitable purposes for the benefit of a specific area. This support is facilitated through the prudent management and sound investment of the trust's assets. The trust's designated beneficiaries include Queen's North Hawaii Community Hospital, Inc., the Richard Smart Fund, a component of the Hawaii Community Foundation, Hawaii Preparatory Academy, and Parker School. The trust's objective is to ensure a continuous flow of support to these organizations, thereby contributing positively to the community's healthcare, educational, and charitable sectors.
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Impact
October, 2024
Parker Ranch Foundation Trust significantly impacts the Kamuela area by providing ongoing financial support for essential sectors such as healthcare and education. Through the prudent management and investment of trust assets, it ensures the sustainability of designated beneficiaries, which include Queen's North Hawaii Community Hospital, Hawaii Preparatory Academy, Parker School, and the Richard Smart Fund associated with the Hawaii Community Foundation.
The Trust was established with substantial assets from Richard Smart, centered around real estate and ranching operations from Parker Ranch. This strategic asset management enables the Trust to fulfill its mission of perpetual support while enhancing community well-being.
In healthcare, the Trust's support contributes to vital services and resources at the local hospital, improving health outcomes for residents. In education, partnerships with prestigious institutions like Hawaii Preparatory Academy and Parker School cultivate a strong learning environment for students, facilitating their growth and development.
Overall, Parker Ranch Foundation Trust plays a crucial role in fostering a resilient community, ensuring that essential services remain accessible and impactful for current and future generations in the Kamuela area.
This information is meant to be a general summary of Parker Ranch Foundation Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,192,861
- Gross Receipts: $13,003,632
Assets and Liabilities:
- Total Assets: $259,782,895
- Total Liabilities: $7,072,141
- Net Assets: $252,710,754
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Organization Details
Founding Year
1992
Phone
(808) 885-7311Principal Officer
Timothy E Johns
Main Address
67-1349 ALA OHIA STREET, KAMUELA, HI, 96743
Website
www.prft.orgNTEE Category
Code: T700 - Philanthropy
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