Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
HAKU BALDWIN CENTER
 
Number and street (or P.O. box number if mail is not delivered to street address)c/o Accounting Services of Maui - P
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Makawao, HI96768
A Employer identification number

99-0292754
B Telephone number (see instructions)

(808) 573-4709
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,981,148J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,821
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 92,943    
5a Gross rents............ 121,432    
b Net rental income or (loss) 2,497
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 2,145
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 133,526
b Less: Cost of goods sold.... 3,938
c Gross profit or (loss) (attach schedule)..... Click to see attachment 129,588  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 345,784 2,145 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 179,919      
15 Pension plans, employee benefits....... 35,538      
16a Legal fees (attach schedule)......... Click to see attachment 2,898      
b Accounting fees (attach schedule)....... Click to see attachment 13,998      
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 45,378      
19 Depreciation (attach schedule) and depletion... Click to see attachment 59,077    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 320      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 318,054      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 655,182 0   0
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 655,182 0   0
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -309,398
b Net investment income (if negative, enter -0-) 2,145
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 7,477 29,862 29,862
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 24,632 24,081 0
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,207,600 Click to see attachment4,513,499 4,513,499
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet5,939,706
Less: accumulated depreciation (attach schedule) bullet634,735 5,843,984 Click to see attachment5,304,971 6,421,987
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) Click to see attachment116,940 Click to see attachment15,800 Click to see attachment15,800
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,200,633 9,888,213 10,981,148
Liabilities 17 Accounts payable and accrued expenses.......... 21,214 9,650
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment8,542
23 Total liabilities (add lines 17 through 22)......... 21,214 18,192
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,179,419 9,870,021
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 10,179,419 9,870,021
30 Total liabilities and net assets/fund balances (see instructions). 10,200,633 9,888,213
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
10,179,419
2
Enter amount from Part I, line 27a .....................
2
-309,398
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,870,021
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,870,021
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Morgan Stanley 134 111218 339 P 2020-01-01 2020-12-31
b Morgan Stanley 134 111218 339 P 2011-07-21 2020-02-19
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 891,773 0 906,678 -14,905
b 39,934 0 22,884 17,050
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 -14,905
b 0 0 0 17,050
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,145
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -14,905
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 2013-03-30(attach copy of letter if necessary–see instructions)
b Reserved................................ 1 30
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 30
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 30
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 0 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 30
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletHI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJane Williams Telephone no.bullet (808) 573-4709

    Located atbullet1156 Makawao Ave 2BMakawaoHI ZIP+4bullet96768
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Melinda Neuwirth President
    0.00     		0 0 0
    2621 Poko Place
    Haiku,HI96708
    Bonnie Rice Vice President
    0.00     		0 0 0
    1099 Alakea St 2510
    Honolulu,HI96813
    Jane Williams Sec-Treasurer
    0.00     		0 0 0
    PO Box 1920
    Makawao,HI96768
    Amber Starr-Cook Director
    0.00     		0 0 0
    1135 Makawao Ave 227
    Makawao,HI96768
    Jesse Neuwirth Director
    0.00     		0 0 0
    2621 Poko Place
    Haiku,HI96708
    Christopher Baldwin Director
    0.00     		0 0 0
    165-A Hanamu Road
    Makawao,HI96768
    Peter D Baldwin Director
    0.00     		0 0 0
    165 Hanamu Road
    Makawao,HI96768
    Bennet M Baldwin Director
    0.00     		0 0 0
    PO Box 400
    Kahului,HI96732
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 None 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 To provide horseback riding for 10-12 disabled individuals on a weekly basis. 82,984
    2 To visit schools to educate children regarding animal awareness and proper care. 41,617
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet124,601
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    1,867
    c
    Fair market value of all other assets (see instructions)................
    1c
    798,058
    d
    Total (add lines 1a, b, and c).........................
    1d
    799,925
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    799,925
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    11,999
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    787,926
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    39,396
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    0
    b
    Program-related investments—total from Part IX-B..................
    1b
    124,601
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    124,601
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    124,601
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 438,591
    b From 2016...... 548,078
    c From 2017...... 547,795
    d From 2018...... 474,738
    e From 2019...... 200,828
    fTotal of lines 3a through e........ 2,210,030
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 124,601
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 124,601
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,334,631
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		438,591
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,896,040
    10 Analysis of line 9:
    a Excess from 2016.... 548,078
    b Excess from 2017.... 547,795
    c Excess from 2018.... 474,738
    d Excess from 2019.... 200,828
    e Excess from 2020.... 124,601
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities.... 900099 0 13 0 92,943
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 0 13 0 931,707
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 1,024,650
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,024,650
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    8 Sale of stocks
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Services of Maui Bookkeeping 13,998      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Therapy Horse - Apache 2012-09-28 1,500 1,500 150DB 3.000000000000 0      
    97 Ford F250 1998-10-29 29,000 29,000 200DB 5.000000000000 0      
    Buildings 2005-10-03 707,704 249,393 SL 39.000000000000 18,486      
    Leasehold Improvements 2007-01-01 6,242 5,321 SL 15.000000000000 368      
    Leasehold Improvememts 2007-01-01 12,967 10,003 SL 15.000000000000 1,186      
    Washer/Dryer 2007-01-05 1,040 1,040 200DB 7.000000000000 0      
    Fencing 2007-04-09 2,956 2,520 150DB 15.000000000000 174      
    Paint Quarterhorse - Bud 2007-08-01 4,500 4,500 SL 3.000000000000 0      
    Dressage arena 2009-01-21 1,200 1,057 150DB 15.000000000000 32      
    Kawasaki mule 2009-06-17 5,000 5,000 200DB 5.000000000000 0      
    Pipe pen/panels 2010-01-08 1,000 1,000 200DB 7.000000000000 0      
    Roof 2010-01-15 1,264 320 SL 39.000000000000 33      
    Weedeater 2010-04-06 394 394 200DB 7.000000000000 0      
    Lockers 2010-04-30 180 180 200DB 7.000000000000 0      
    Laser printer 2010-12-06 332 332 200DB 5.000000000000 0      
    Fuel storage cabinets 2011-05-18 3,300 3,300 200DB 7.000000000000 0      
    Pen panels 2011-12-02 800 800 200DB 7.000000000000 0      
    Furniture/Fixtures/Equipment 2007-01-01 1,268 1,268 200DB 7.000000000000 0      
    Furniture/Fixtures/Equipment 2007-01-01 5,748 5,748 200DB 7.000000000000 0      
    Fencing 2007-01-01 5,469 4,620 150DB 15.000000000000 340      
    Barn vacuum 2007-01-01 500 500 200DB 7.000000000000 0      
    Therapy horse - Trinity 2013-01-21 3,800 3,800 SL 3.000000000000 0      
    Horse arena 2013-12-30 48,478 23,073 150DB 15.000000000000 2,863      
    Safe 2013-09-30 250 236 200DB 7.000000000000 14      
    Music/announcement system 2013-10-03 978 903 200DB 7.000000000000 75      
    Laptop computer 2013-01-12 974 974 200DB 5.000000000000 0      
    Washer - cottage 2013-04-28 1,352 1,307 200DB 7.000000000000 45      
    Brother Laser Printer/Scanner/Fax 2013-06-03 875 875 200DB 5.000000000000 0      
    Gate 2014-05-09 1,915 856 150DB 15.000000000000 113      
    Stove 2014-10-25 629 526 200DB 7.000000000000 55      
    Refrigerator 2014-10-28 1,353 1,131 200DB 7.000000000000 118      
    Arena 2014-03-25 34,711 16,008 150DB 15.000000000000 2,050      
    Boarders Barn improvements 2014-02-12 2,300 347 SL 39.000000000000 59      
    Storage shed 2014-10-31 8,400 1,120 SL 39.000000000000 215      
    Manure pit 2014-08-21 19,457 8,399 150DB 15.000000000000 1,149      
    Vet Clinic addition 2014-12-17 183,039 24,820 SL 39.000000000000 4,659      
    Boarding Kennel improvements 2014-11-30 5,877 2,009 SL 15.000000000000 392      
    Jump equipment 2014-12-22 3,040 2,542 200DB 7.000000000000 266      
    Therapy Horse "Justin" 2015-06-03 1,000 1,000 SL 3.000000000000 0      
    Therapy Horse "Jay Jay". 2015-07-01 2,500 2,500 SL 3.000000000000 0      
    Shoeing Tacks-Drag Harrow 2015-02-03 550 428 200DB 7.000000000000 49      
    Mats 2015-02-03 1,280 994 200DB 7.000000000000 114      
    Tool Box 2015-02-10 2,000 1,554 200DB 7.000000000000 178      
    John Deere Tractor 2015-04-14 8,600 6,681 200DB 7.000000000000 768      
    Washer/Dryer 2015-07-03 704 547 200DB 7.000000000000 63      
    Therapy Lift 2015-08-28 13,222 10,272 200DB 7.000000000000 1,180      
    John Deere Tractor 2015-09-03 35,000 27,191 200DB 7.000000000000 3,124      
    1/2 Horse Trailer 2015-11-03 4,000 3,108 200DB 7.000000000000 357      
    Lawn mower 2015-12-11 450 349 200DB 7.000000000000 40      
    Washer 2015-12-26 643 499 200DB 7.000000000000 58      
    Manure spreader 2015-03-07 1,700 1,321 200DB 7.000000000000 152      
    Kirby vacuum 2015-03-17 300 233 200DB 7.000000000000 27      
    Office furniture 2015-03-17 2,100 1,631 200DB 7.000000000000 188      
    Saddle rack 2015-02-03 350 272 200DB 7.000000000000 31      
    Bathroom cabinet 2015-09-16 961 746 200DB 7.000000000000 86      
    Shed 2015-12-11 568 441 200DB 7.000000000000 51      
    Boarder's Barn Lockers 2015-02-09 1,700 214 SL 39.000000000000 44      
    Shed 2015-10-28 9,167 989 SL 39.000000000000 235      
    Vet Clinic addition 2015-10-22 382,197 41,242 SL 39.000000000000 9,800      
    Washing machine 2016-05-31 835 574 200DB 7.000000000000 75      
    Boarders Barn roof 2016-03-05 39,524 3,841 SL 39.000000000000 1,013      
    4 Horse shelters 2016-09-08 14,177 1,197 SL 39.000000000000 364      
    Storage shed 2016-11-11 8,007 641 SL 39.000000000000 205      
    Horse "Gabe" 2016-04-10 9,011 9,011 SL 3.000000000000 0      
    School horse "Scout" 2016-07-01 4,500 4,500 SL 3.000000000000 0      
    Vet Clinic flooring 2016-12-31 123,066 9,599 SL 39.000000000000 3,156      
    Investment property survey 2016-02-29 2,250 224 SL 39.000000000000 58      
    Computer 2016-01-28 740 612 200DB 5.000000000000 85      
    2 printers 2016-10-26 4,272 3,533 200DB 5.000000000000 493      
    Horse trailer 2017-02-06 3,700 2,082 200DB 7.000000000000 462      
    Power washer 2017-05-28 364 205 200DB 7.000000000000 45      
    Cabinets 2017-02-06 2,256 1,270 200DB 7.000000000000 282      
    Benches 2017-05-28 246 138 200DB 7.000000000000 31      
    Storage shed 2017-01-06 3,802 288 SL 39.000000000000 97      
    Fencing 2017-09-27 22,604 1,329 SL 39.000000000000 580      
    Dakota-therapy horse 2017-02-27 7,295 6,383 150DB 3.000000000000 912      
    Liko-therapy horse 2017-03-09 3,000 2,625 150DB 3.000000000000 375      
    Teddy-therapy horse 2017-12-12 7,248 6,342 150DB 3.000000000000 906      
    Dell computer 2017-03-19 1,866 1,328 200DB 5.000000000000 215      
    Cottage solar 2018-07-20 5,625 299 SL 27.500000000000 205      
    Teddy - Therapy horse 2018-01-05 1,125 703 150DB 3.000000000000 281      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Stocks 4,513,499 4,513,499

    TY 2020 InvestmentsLandSchedule2
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land & Buildings 5,725,867 460,177 5,265,690  
    Equipment/Furniture/Fixtures 132,511 100,220 32,291  
    Livestock 52,328 45,338 6,990  
    Vehicles 29,000 29,000 0  

    TY 2020 LegalFeesSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    David R Spee Legal 2,898      


    TY 2020 OtherAssetsSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Due Fm Rental Managers 116,940 15,800 15,800


    TY 2020 OtherExpensesSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Auto expenses 1,990      
    Bank charges 156      
    Horse bedding/supplies 8,737      
    Rental expenses 98,263      
    Farm supplies 14,588      
    Farrier 15,272      
    Feed 43,038      
    Insurance 50,532      
    Landscape Maintenance 25,200      
    Repairs 20,527      
    Office supplies 3,890      
    Postage 269      
    Telephone/Internet 2,704      
    Utilities 11,581      
    Veterinary 21,182      
    Dues/subscriptions 125      


    TY 2020 OtherLiabilitiesSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Description Beginning of Year - Book Value End of Year - Book Value
    General Excise Tax Payable 0 895
    Payroll Liabilities 0 7,647


    TY 2020 SalesOfInventoryList 
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    Arena 250 0 250
    Boarding 113,257 0 113,257
    Events 4,574 3,938 636
    Lessons 15,445 0 15,445

    TY 2020 TaxesSchedule
    Name:
    HAKU BALDWIN CENTER
    EIN:
    99-0292754
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Real Property 15,022      
    State Excise 10,478      
    Payroll Taxes 19,878