Nonprofit · EIN 99-0277983
PACIFIC RIM EDUCATION FOUNDATION INC
Tax-exempt · KAILUA KONA, HI 96740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $146,806 | $297,013 | -$150,207 | $15,942,562 | $715 | $15,941,847 |
| December 31, 2023 | 990 | $173,829 | $532,287 | -$358,458 | $16,959,099 | $5,173 | $16,953,926 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,010
- Program service revenue
- $26,848
- Investment income
- $94,948
- Net gain from sales of assets
- -$43
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $83,499
- Compensation of officers, directors and key employees
- $39,463
- Other salaries and wages
- $42,572
- Salaries, compensation and benefits (total)
- $86,334
- Professional fundraising fees
- $0
- Legal fees
- $314
- Accounting fees
- $1,595
- Occupancy
- $58,183
- Travel
- $114
- Depreciation
- $59,532
- Program services (functional)
- $209,522
- Management and general (functional)
- $87,491
Balance sheet and other
- Total assets, start of year
- $16,959,099
- Total assets, end of year
- $15,942,562
- Total liabilities, end of year
- $715
- Net assets, end of year
- $15,941,847
- Land, buildings and equipment
- $1,491,094
- Publicly traded securities
- $2,355,872
- Net assets without donor restrictions
- $15,941,847
- Gross receipts
- $147,306
- Employees
- 1
- Volunteers
- 3
- Year formed
- 1990
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Charles Frumin | Director and Secretary Trustee or director, Officer | 25 | $30,866 | $8,597 |
| Dr Sangkun Kim | President, Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Farley Jones | Director Trustee or director | 2 | $0 | $0 |
| Hyungduk Kim | Director Trustee or director | 1 | $0 | $0 |
| Yunjin Kim | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Charles Frumin | Director and Secretary Trustee or director, Officer | 25 | $28,270 | $8,526 |
| Dr Sangkun Kim | President, Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Farley Jones | Director Trustee or director | 2 | $0 | $0 |
| Hyungduk Kim | Director Trustee or director | 1 | $0 | $0 |
| Yunjin Kim | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 73-5577 OLOWALU ST, KAILUA KONA, HI 96740-2613
- Principal officer (990 for 2024)
- Charles Frumin, 73-5577 Olowalu Street, Kailua Kona, HI 96740
- Signed the 990
- Charles Frumin, Executive Director
- Phone
- (808) 326-2344
- Website
- prefpeace.org
- Return prepared by
- Brunhofer & Balise LLP
Mission
We sponsor educational programs, fund charitable activities and support practices which nurture love, wisdom, wellness, and peace within individuals and families, and which promote understanding and connectedness among communities.
Program accomplishments
- Kokua Academy PREF supported the private school called Kokua Academy (grade K to 5th). Their school was held on the PREF owned property at 75-1048 Henry St, Kailua Kona, Hawaii. In 2024 the school existed from January to June with up to 40 total students. Kokua Academy is a private, independent day school. The school is dedicated to providing a positive educational environment for each student by engaging them in real-world, project based learning experiences. Kona Ocean Challenge Program The Annual Ocean Challenge program sponsored by PREF was held in December, 2024 at the Hawaiian Queen Coffee Garden. The outdoor education program for young people centered on personal growth and self?discovery. The seven day program consisted of morning devotional readings, boating, hiking, fishing and discovering the sites on the Big Island. A total of 8 participants plus five staff members participated.Ukulele & Guitar LessonsThroughout 2024 PREF has sponsored free Ukulele at the Hawaii Queen Coffee Garden for the Kona Community. Approximately fourteen to fifteen lessons took place at the Hawaiian Queen Coffee Garden in 2024. Rev. Chuck Frumin is the teacher of the lessons.Origami ClassOn December 14, 2024 PREF offering a community Origami class to learn the art of Japanese Paper Folding.Approximately 8 people attended.Community EventsBig Island Excellence in Parenting Award ProgramThe Excellence in Parenting Award Program on July 26, 2024 was sponsored by PREF. Held at the Hawaiian Queen Coffee Garden the program promotes and encourages families to invest in our young children in our community. Big Island Mayor Mitch Roth sent a written message congratulating the two Kona couples who won the award: Dana Mclaughlin, founder of the Hawaii Keiki Museum and Charis Higginson, founder of Humanity Hale both won the Excellence in Parenting Award. They received $500 each from PREF as an award.Thanksgiving Interfaith ConcertThe Kona Thanksgiving Interfaith Concert held on November 25, 2024 was sponsored by PREF. Choirs from diverse faith communities in Kona participated in the Interfaith event. Although sponsored by PREF the event took place at the Lutheran Church of the Holy Trinity in Kona. Donations at the event were collected for the Hawaii Island Food Bank in Kona. Ten different religious organization from Kona performed.Religious ProgramsOutdoor Church BBQ Service for the CommunityAn outdoor BBQ and Ping Pong Tournament for the community was held on Sept. 22, 2024 in honor of World Peace Day. PREF and also the Kona Family Church sponsored the event. It was a family event including games and an inflatable Jumper for children. It included a Ping Pong Tournament. Kids also had an opportunity to learn Japanese Origami paper folding. Approximately 48 people attended.Easter Egg HuntPREF sponsored an Easter Egg hunt on March 31, 2024 at the Hawaiian Queen Coffee Garden.Approximately twenty people including parents with children participated in the Egg Hunt.Religious Organizations Using the Hawaiian Queen Coffee GardenIn 2024 the following Religious organizations used the PREF owned facility at 75-1048 Henry Street, Kailua Kona, Hawaii for their own religious services. Congregation Kona Beth Shalom --- Used approximately 6 times in 2024Marshallese Assembly of God --- Used approximately 24 times in 2024Kona Family Church ---- Used approximately 52 times in 2024Self Realization Fellowship ---- Used approximately 9 times in 2024Expenses $209,522 · grants $83,499 · revenue $26,848
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 99-0277983
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $15,942,562
- Income (IRS master file)
- $147,306
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $146,806 | $297,013 | $15,942,562 | XML |
| 990 | December 2023 | $173,829 | $532,287 | $16,959,099 | XML |
| 990 | December 2022 | $127,974 | $277,270 | $17,747,902 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-0277983).
Questions about PACIFIC RIM EDUCATION FOUNDATION INC
- What is the EIN of PACIFIC RIM EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of PACIFIC RIM EDUCATION FOUNDATION INC is 99-0277983.
- Is PACIFIC RIM EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to PACIFIC RIM EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PACIFIC RIM EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PACIFIC RIM EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PACIFIC RIM EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PACIFIC RIM EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Charles Frumin.
- Who are the officers and directors of PACIFIC RIM EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $30,866 (Charles Frumin, Director and Secretary).
- How much revenue does PACIFIC RIM EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $146,806, expenses of $297,013 and total assets of $15,942,562 at year end.
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