CENTRAL PACIFIC BANK FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
CENTRAL PACIFIC BANK FOUNDATION (EIN 39-2068708)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-15
IRS object ID
201213209349101586
Schema version
2011v1.3
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

FieldValueIRS element (for citing)
Timestamp2012-11-15T14:37:26-06:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO 4150AddressLine1
CityHonoluluCity
StateHIState
ZIP Code968124150ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN392068708EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1CENTRAL PACIFIC BANK FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% SCOTT HINOInCareOfName
Name ControlCENTNameControl
Phone8085443673Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 SOUTH KING STREETAddressLine1
CityHONOLULUCity
StateHIState
ZIP Code96813ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDENIS K ISONOName
TitleCHAIRMAN AND PRESIDENTTitle
Phone8085443597Phone
Date Signed2012-11-14DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone8085402800Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY5340964FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss5366933ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss56InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm56InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss97DividendsRevAndExpnss
Dividends Net Invst Incm97DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses5367086TotalRevenueAndExpenses
Total Net Investment Income153TotalNetInvestmentIncome
Legal Fees Rev And Expnss1635LegalFeesRevAndExpnss
Legal Fees Net Invst Incm0LegalFeesNetInvstIncm
Legal Fees Adj Net Incm0LegalFeesAdjNetIncm
Legal Fees Dsbrs Chrtbl Prps1635LegalFeesDsbrsChrtblPrps
Printing And Pub Rev And Expnss769PrintingAndPubRevAndExpnss
Printing And Pub Dsbrs Chrtbl Prps769PrintingAndPubDsbrsChrtblPrps
Other Expenses Rev And Expnss495OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm401OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps94OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss2899TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm401TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps2498TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss66934ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps66934ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss69833TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm401TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps69432TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses5297253ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst EOY264056SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV264056SavingsAndTempCashInvstEOYFMV
Investments Govt Oblig BOY1000InvestmentsGovtObligBOY
Investments Govt Oblig EOY5000861InvestmentsGovtObligEOY
Investments Govt Oblig EOYFMV5000861InvestmentsGovtObligEOYFMV
Investments Corp Stock BOY72444InvestmentsCorpStockBOY
Investments Corp Stock EOY105780InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV76047InvestmentsCorpStockEOYFMV
Total Assets BOY73444TotalAssetsBOY
Total Assets EOY5370697TotalAssetsEOY
Total Assets EOYFMV5340964TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY73444RetainedEarningsBOY
Retained Earnings EOY5370697RetainedEarningsEOY
Total Net Assets BOY73444TotalNetAssetsBOY
Total Net Assets EOY5370697TotalNetAssetsEOY
Total Liabilities Net Assets BOY73444TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY5370697TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY73444TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses5297253ExcessOfRevenueOverExpenses
Subtotal5370697Subtotal
Total Net Assets Fund Balances EOY5370697TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income0CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year10QualifyingDistributionsYear1
Noncharitable Assets Year13245NoncharitableAssetsYear1
Distribution Ratio Year10.0DistributionRatioYear1
Qualifying Distributions Year20QualifyingDistributionsYear2
Noncharitable Assets Year20NoncharitableAssetsYear2
Distribution Ratio Year20.0DistributionRatioYear2
Qualifying Distributions Year30QualifyingDistributionsYear3
Noncharitable Assets Year30NoncharitableAssetsYear3
Distribution Ratio Year30.0DistributionRatioYear3
Qualifying Distributions Year40QualifyingDistributionsYear4
Noncharitable Assets Year40NoncharitableAssetsYear4
Distribution Ratio Year40.0DistributionRatioYear4
Total Distribution Ratio0.0TotalDistributionRatio
Average Distribution Ratio0.0AverageDistributionRatio
Net Noncharitable Assets607269NetNoncharitableAssets
Adjusted Noncharitable Assets0AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One0AdjNonchrtblAssetsAndOnePct
Qualifying Distributions69432QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Subtotal0Subtotal
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithHIStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTT HINOBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number8085443597BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1220 SOUTH KING STREET 3RD FLOORAddressLine1
CityHONOLULUCity
StateHIState
ZIP Code96813ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (6 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
DENIS K ISONO
220 SOUTH KING STREETHONOLULUHI96813CHAIRMAN AND PRESIDENT0.10
REID A GUSHIKEN
220 SOUTH KING STREETHONOLULUHI96813TREASURER AND VICE PRESIDENT0.10
WAYNE H KIRIHARA
220 SOUTH KING STREETHONOLULUHI96813VICE PRESIDENT0.10
CATHERINE NGO
220 SOUTH KING STREETHONOLULUHI96813VICE PRESIDENT0.10
GLENN CHING
220 SOUTH KING STREETHONOLULUHI96813VP AND CORPORATE SECRETARY0.10
DONNA TAKEDA
220 SOUTH KING STREETHONOLULUHI96813VP AND ASSISTANT SECRETARY3.00
FieldValueIRS element (for citing)
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1N/ADescription1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities583512AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances33005AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets616517TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets616517AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable9248CashDeemedCharitable
Net Noncharitable Assets607269NetNoncharitableAssets
Minimum Investment Return30363MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return30363MinimumInvestmentReturn
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Tax0TotalTax
Distributable Amount Before Adj30363DistributableAmountBeforeAdj
Distributable Amount Before Ded30363DistributableAmountBeforeDed
Distributable Amount As Adjusted30363DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions69432ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions69432QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions69432AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted30363DistributableAmountAsAdjusted
Undistributed Income Prior Year162UndistributedIncomePriorYear
Prior Year12009PriorYear1
Prior Year22008PriorYear2
Prior Year32007PriorYear3
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year10ExcessDistriCarryoverYear1
Total Excess Distri Carryover0TotalExcessDistriCarryover
Qualifying Distributions69432QualifyingDistributions
Applied To Year1162AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Applied To Current Year30363AppliedToCurrentYear
Remaining Distri From Corpus38907RemainingDistriFromCorpus
Total Corpus38907TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Taxable Amount10TaxableAmount1
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year38907ExcessDistriCyovToNextYear
Excess From Year10ExcessFromYear1
Excess From Current Year38907ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameNARecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1N/AAddressLine1
CityHONOLULUCity
StateHIState
ZIP Code96813ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number8085443673RecipientPhoneNumber
Form And Info And MaterialsTHE FOUNDATION IS CURRENTLY IN THE PROCESS OF UPDATING ITS GRANT MAKING PROCEDURES POLICY. SEE GRANTMAKING POLICY BELOW.FormAndInfoAndMaterials
Submission DeadlinesN/ASubmissionDeadlines
Restrictions On AwardsN/ARestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line2RecipientUSAddress/AddressLine2
American Red Cross- Hawaii Chapter
4155 Diamond Head RoadHonoluluHI96816N/A501 (c)(3)Disaster relief and safety training in Hawaii.$13,208
American Red Cross- Hawaii Chapter
4155 Diamond Head RoadHonoluluHI96816N/A501 (c)(3)Aloha for Japan tsunami relief fund$27,011
Hawaiian Humane Society
2700 Waialae AvenueHonoluluHI96826N/A501(c)(3)Assist with proper care and humane treatment of local animals$15,648
March of Dimes
515 Madison AvenueNew YorkNY10022N/A501 (c)(3)Improve the health of babies in Hawaii$11,06720
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year66934TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$56ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$97ExclusionAmount
FieldValueIRS element (for citing)
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII
Gain Sales Assets Oth Than InvntryGainSalesAssetsOthThanInvntry
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$153ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA153TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

FieldValueIRS element (for citing)
Line NumberN/ALineNumber
Relationship StatementNOT APPLICABLERelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (2 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
1CENTRAL PACIFIC BANK220 SOUTH KING STREETHONOLULUHI968135300000X
2KENNETH SAKURAI837 WAIKA PLACEHONOLULUHI968255000X

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockCENTRAL PACIFIC FINL CORPNameOfStock
EOY Book Value105780EOYBookValue
EOYFMV76047EOYFMV

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Securities EOY Book Value5000861USGovtSecuritiesEOYBookValue
US Govt Securities EOYFMV5000861USGovtSecuritiesEOYFMV

Land Etc Schedule2 LandEtcSchedule2

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategory
Amount$1,635Amount
Disbursements Charitable Prps1635DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrpsNet Investment IncomeNetInvestmentIncome
INSURANCE9494
INVESTMENT ADVISORY FEES401401

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameCENTRAL PACIFIC BANKPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 SOUTH KING STREETAddressLine1
CityHONOLULUCity
StateHIState
ZIP Code96813ZIPCode

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