TY 2024 Form 990

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Name of the organization

MAKAI FOUNDATION

Employer identification number

88-4166944

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2024

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	571,277	306,820	878,097
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	571,277	306,820	878,097
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..			147,720
6	Public support. Subtract line 5 from line 4.			730,377

Section B. Total Support

Calendar year (or fiscal year beginning in)		(d) 2023	(e) 2024	(f) Total
7	Amounts from line 4..	571,277	306,820	878,097
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	2,642	5,463	8,105
9	Net income from unrelated business activities, whether or not the business is regularly carried on..		11,612	11,612
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10			897,814

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2023 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2024

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2023 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2024 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2023 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2024

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2024

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2024

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2024

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2024 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2024	(iii) Distributable Amount for 2024
1 Distributable amount for 2024 from Section C, line 6
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2024:
a From 2019.......
b From 2020.......
c From 2021.......
d From 2022.......
e From 2023.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2024 distributable amount
i Carryover from 2019 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2024 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2024 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2025. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2020.....
b Excess from 2021.....
c Excess from 2022.....
d Excess from 2023.....
e Excess from 2024.....

Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990) 2024

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

MAKAI FOUNDATION

Employer identification number

88-4166944

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization MAKAI FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization MAKAI FOUNDATION		Employer identification number 88-4166944

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization MAKAI FOUNDATION			Employer identification number 88-4166944
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

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Software Version:

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SCHEDULE G (Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization
MAKAI FOUNDATION

Employer identification number

88-4166944

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990) (Rev. 1-2025)

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 FUNDRAISING EVE (event type)	(b) Event #2 (event type)	(c) Other events (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	87,324			87,324
2	Less: Contributions . . . .	52,500			52,500
3	Gross income (line 1 minus line 2) . . . . . .	34,824			34,824

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .	756	756
7	Food and beverages . . .	1,579	1,579
8	Entertainment . . . .
9	Other direct expenses . . .	19,877	19,877
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .		22,212
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .		12,612

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) (Rev. 1-2025)

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

Return Reference	Explanation

Schedule G (Form 990) (Rev. 1-2025)

Additional Data

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

Schedule I
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization
MAKAI FOUNDATION

Employer identification number
88-4166944

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) Rev. 1-2025

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) DIRECT AID	12	7,027
(2) BUILDING HOMES	123	25,908
(3) EMERGENCY FOOD	219	2,739
(4) EMERGENCY HOUSING	378	192,768
(5) FURNISHING HOMES	8	15,226
(6) HOLIDAY GIVING	30	6,144
(7) KUPUNA CARE	4	3,794
(8) LAHAINA LAND RESOTRATION	1	1,500
(9) REBUILDING BUSINESSES	31	1,110
(10) RELOCATION COSTS	4	2,748
(11) VEHICLE REPAIR	2	16,181
(12) UTILITIES	18	2,388
(13) VITAL RECORDS REPLACEMENT	3	1,900
(14) WELLNESS/MEDICAL CARE	345	3,280

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

SCHEDULE I, PAGE 1, PART I, LINE 2

DISASTER CASE-MANAGEMENT (DCMP) SUPPORT PROVIDED FROM OCTOBER 2023 THROUGH DECEMBER 2024 TO HELP GET PEOPLE INTO THE DCMP. OUR WORK WAS NOT ONLY TO IDENTIFY GAPS, BUT TO WORK TOWARDS CLOSING THEM. THIS MEANT WE INVESTED OUR TIME AND ENERGY IN WORKING WITH THE VARIOUS AGENCIES FOR THE YEAR POST-FIRE TO DO WHAT WE COULD TO HOLISTICALLY ENSURE THERE ARE LESS GAPS FOR PEOPLE TO FALL THROUGH. WE BUILT A VERY ROBUST DISASTER-CASE MANAGEMENT TRACKING SYSTEM AND CREATED A SYSTEM THAT ALLOWED US TO HELP OUR CASES APPLY FOR MULTIPLE GRANTS THAT THEY WERE ELIGIBLE FOR EASILY. WE WORKED WITH TRAUMA-INFORMED CASE MANAGEMENT VOLUNTEERS TO WORK WITH 832 CASES, AND AWARDED 90K OF DIRECT- AID GRANTS (UNMET NEEDS) IN 2024. WE PROVIDED GRANTS THROUGH RELOADABLE VISA CARDS AS ONE METHOD OF DELIVERING DIRECT-FINANCIAL ASSISTANCE TO OUR COMMUNITY IN NEED. THIS ADDS THE BENEFIT OF ENSURING THAT THE DONATIONS STAYS LOCAL ON ISLAND, CANNOT BE USED FOR ALCOHOL OR GAMBLING, AND HAS FRAUD-PROTECTION AS A FINAL LINE OF DEFENSE WITH MULTIPLE LEVELS OF VERIFICATION IN PLACE. EMERGENCY HOUSING: IN TIMES OF CRISIS, EVERY MOMENT COUNTS. THATS WHY AT MAKAI FOUNDATION, WE HAVE PRIORITIZED GETTING INDIVIDUALS AND FAMILIES INTO EMERGENCY HOUSING WITHIN HOURS RATHER THAN WEEKS. THIS COMMITMENT TO URGENCY HAS MADE A PROFOUND DIFFERENCE IN THE LIVES OF THOSE WE SERVE, OFFERING IMMEDIATE RELIEF AND STABILITY DURING SOME OF THEIR MOST CHALLENGING MOMENTS. SUPPORTING SMALL BUSINESSES: THE MAKAI FOUNDATION WAS BUILT BY A GROUP OF LOCAL MAUI BUSINESS OWNERS, AND WE FELT A RESPONSIBILITY TO SUPPORT OUR KULA AND LAHAINA COMMUNITY, ESPECIALLY THOSE WHO LOST THEIR BUSINESSES AND THEIR HOMES. WE UNDERSTAND THAT SURVIVORS ARE PART OF A LARGER COMMUNITY AND BY EMPOWERING THIS COMMUNITY, AND NOT ONLY THE INDIVIDUAL, WE ARE BUILDING AN IMPORTANT FOUNDATION OF RESILIENCE. WE KNOW THAT IF WE COULD HELP TO GET PEOPLE WORKING AGAIN, THEN THEY CAN BEGIN TO REBUILD THEIR OWN LIVES AND THAT RIPPLES OUT INTO THE LOCAL ECONOMY. WE LOOKED AT HOW WE COULD GET SMALL BUSINESS OWNERS WHAT THEY NEEDED TO BE OPERATIONAL AGAIN, BUILDING RESILIENCE IN THEIR OWN LIVES AGAIN. WE HAVE ACCOMPLISHED A LOT TO MAKE SURE THAT SMALL LOCAL BUSINESSES ARE ABLE TO REBUILD AFTER THE FIRE. WE HAVE REPLACED TOOLS FOR 17 CONTRACTORS AND FULLY EQUIPPED 5 SINGLE MOTHERS TO RELAUNCH THEIR CLEANING BUSINESSES. IN ADDITION, WE HAVE SUPPORTED A SEAMSTRESS, A GRAPHIC DESIGNER, A STONE MASON, A TAXI DRIVER, AND A SURFBOARD SCHOOL INSTRUCTOR TO REBUILD THEIR BUSINESSES. THE SUCCESS OF THESE BUSINESSES CONTINUE TO RIPPLE OUT A POSITIVE IMPACT IN THE COMMUNITY. FOR EXAMPLE, BY REPLACING THE SPECIALTY TOOLS FOR A BOAT-REPAIR CONTRACTOR, HE HAS BEEN ABLE TO HELP REPAIR THE BOATS THAT WERE DAMAGED IN THE FIRES. DISASTER RECOVERY SESSIONS: ONE OF THE MOST VALUABLE AND SOUGHT AFTER OFFERINGS WE HAVE BEEN PROVIDING TO THE COMMUNITY IS OUR DISASTER RECOVERY SESSIONS. PEOPLE HAVE LIKENED THIS TO HAVING THEIR OWN PERSONAL "DISASTER RECOVERY COACH". IN THESE SESSIONS, OUR PROGRAM DIRECTOR PROVIDES A TRAUMA-INFORMED APPROACH TO GUIDING FIRE SURVIVORS THROUGH THEIR UNIQUE NEXT STEPS. ALL OF THE DETAILS ARE RECORDED IN CUSTOM GUIDE BOOKS WHICH CONTAIN CHECKLISTS FOR ACTIONS NEEDED IN THEIR PERSONAL JOURNEY. THIS LEVEL OF CARE AND CONSIDERATION, COUPLED WITH GROUNDED AND TANGIBLE STEPS HAS BEEN INCREDIBLY EMPOWERING AND SUCCESSFUL, REDUCING OVERWHELM AND ALLOWING THEM TO PRECISELY FOCUS ON THE STEPS FOR THE WEEK(S) AHEAD. THESE SESSIONS ARE TRULY THE CORNERSTONE OF HOW WE WORK WITH OUR COMMUNITY IN AN EMPOWERING AND DIGNIFIED MANNER. WE ARE NOT HANDING OUT GIFT CARDS AND WALKING AWAY, WE ARE WORKING TOGETHER TO IDENTIFY EVERY RESOURCE THEY ARE ELIGIBLE FOR THROUGH OUR UP-TO-DATE LIST OF GRANT CLOSURES AND NEW FUNDING STREAMS. THROUGH OUR PROCESS, IN A SINGLE INTAKE MEETING, WE ARE ABLE TO LEVERAGE THE INFORMATION SHARED WITH US IN ORDER TO APPLY FOR UP TO 27 OTHER RESOURCES THAT THEY MIGHT NOT HAVE KNOWN WERE AVAILABLE. SURVIVORS HAVE DESCRIBED THE EXPERIENCE AS IF MAKAI, " SHOWS US THE DOOR AND GIVES US THE KEY TO UNLOCK OPPORTUNITIES WE DIDNT EVEN KNOW EXISTED." MANY OF THE CASES THAT WE HAVE WORKED WITH WERE READY TO WALK AWAY FROM FEMA BECAUSE THEY RECEIVED ONLY 700 OR THEY WERE DENIED, NOT REALIZING THAT FEMA DENIES OVER 87% OF CASES AND ON AVERAGE PEOPLE NEED TO APPEAL 4 TIMES. OUR PROGRAM DIRECTOR AND CASE-MANAGEMENT LIAISON HAVE WRITTEN HUNDREDS OF SUCCESSFUL APPEAL LETTERS AND THEY ALSO TEACH PEOPLE HOW TO PROPERLY WRITE THEIR OWN FEMA APPEALS EMPOWERING PEOPLE TO DO IT FOR THEMSELVES IN THE FUTURE. REPLACING VEHICLES: MANY FIRE-SURVIVORS LOST THEIR CARS/TRUCKS OR INCURRED DAMAGES TO THEIR VEHICLES WHILE ESCAPING THE FIRES. MAKAI HAS BEEN WORKING WITH OUR COMMUNITY TO BE ABLE TO NAVIGATE THE FEMA VEHICLE REPLACEMENT PROGRAM. WE SUPPORTED 16 FAMILIES WITH VEHICLES IN 2024. BUILDING HOMES: WE SUPPORTED 4 FAMILIES TO BUILD HOMES (2 TINYHOMES, AND 2 MULTIGENERATIONAL HOMES). WE SPENT 25,908 OF OUR OWN DOLLARS, AND RECEIVED 95K IN VOLUNTEER LABOR (CONTRACTOR/ BUILDERS AND ARCHITECTS) TO MAKE THESE BUILDS POSSIBLE, AS WELL AS WORKED WITH 2 CHURCHES WHO EACH DONATED 20K TOWARDS PROJECTS. WE ARE ALSO A FISCAL SPONSOR FOR PROJECT HIKI NO WHICH IS PROVIDING AFFORDABLE HOUSING OPTIONS FOR FIRE SURVIVORS.

Schedule I (Form 990) Rev. 1-2025

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

MAKAI FOUNDATION

Employer identification number

88-4166944

Return Reference	Explanation
FORM 990 - ORGANIZATION'S MISSION	THE MAKAI FOUNDATION IS ROOTED IN THE POWER OF COMMUNITY-HELPING-COMMUNITY. WE ARE COMMITTED TO ENSURING NO ONE SLIPS THROUGH THE CRACKS IN THE SYSTEM. DRIVEN BY THE POWER OF COMPASSION AND COMMUNITY, WE STAND AS BEACONS OF HOPE. WE UPLIFT THOSE IN NEED, MEETING THEM EXACTLY WHERE THEY ARE- BRIDGING GAPS AND BREAKING BARRIERS TO ENSURE NO ONE IS FORGOTTEN. WE ARE COMMITTED TO PUTTING THE "RELIEF" INTO "DISASTER-RELIEF,- AND IMPROVING THE SYSTEM-DESIGN FOR DISASTER RECOVERY IN THE FUTURE. WE INSPIRE RESILIENCE, FOSTERING SUSTAINABLE RECOVERY THROUGH EFFECTIVE COLLABORATION AND UNWAVERING DEDICATION.
FORM 990, PAGE 2, PART III, LINE 4A	THE MAKAI FOUNDATION IS DEDICATED TO HELPING THOSE AFFECTED BY THE MAUI WILDFIRES. WE OPERATE WITH A DUAL PERSPECTIVE: FOCUSING ON SHORT-TERM DIRECT AID AND RECOVERY SERVICES (WHICH CAN SPAN DAYS TO WEEKS), AND LONG- TERM SUSTAINABLE RECOVERY MEASURES THAT STRETCH MONTHS TO YEARS. OUR PRIMARY AREAS OF INTEREST ENCOMPASS DISASTER RECOVERY, DISASTER ADVOCACY AND CASE-MANAGEMENT, CAPACITY BUILDING, COMMUNITY EMPOWERMENT, HOUSING SOLUTIONS (BOTH EMERGENCY HOUSING, INTERIM HOUSING AND LONG TERM HOUSING), BUSINESS REVITALIZATION, AND HEALTH AND WELL-BEING SUPPORT. WITHIN THIS FRAMEWORK, A SIGNIFICANT COMPONENT OF OUR MISSION IS ENSURING THAT RESOURCES, LIKE TOOLS VITAL FOR TRADESPEOPLE, ARE DISTRIBUTED TO THOSE IN NEED. OUR ACTIONS ARE DEEPLY ROOTED IN THE COMMUNITIES OF MAUI, NOTABLY IN THE LAHAINA AND KULA REGIONS, AS WE AIM TO REBUILD, REVITALIZE, AND REINFORCE THE RESILIENCE OF THESE AREAS. CURRENT PROGRAM AREAS INCLUDE: 1. DISASTER RECOVERY SESSIONS- "ALOHA NAVIGATOR SESSIONS" (LIKE DISASTER COACHING WHICH HELPS TO OPEN UP ADDITIONAL LONGER TERM FUNDING THROUGH GOVERNMENT AND PARTNER AGENCIES. 2. EMERGENCY HOUSING. 3. BUILDING HOMES AND CREATING LONG-TERM SUSTAINABILITY/RESILIENCY ON THE ISLAND BY CREATING MORE AFFORDABLE HOUSING LONG TERM. 4. FURNISHING HOMES FOR OUR DISPLACED FAMILIES ONCE THEY ARE FINALLY ABLE TO MOVE INTO THEIR TRANSITIONAL HOME (FLIPPING HOUSES THAT ARE IN BAD SHAPE). 5. REPLACING VEHICLES-FIXING CARS, REPLACING CARS AND TRUCKS BURNED IN THE FIRE. 6. REBUILDING SMALL BUSINESSES-REPLACING ITEMS THAT PEOPLE NEED IN ORDER TO BEGIN WORKING AGAIN. 7. DIRECT-AID-MATCHING THOSE IN NEED WITH DIRECT DONORS/GRANTS. 8. WELLNESS SUPPORT (BOTH MEDICINE AND MENTAL HEALTH SUPPORT). 9. VITAL RECORDS REPLACED (ID CARDS/ PASSPORTS/GREENCARDS).
FORM 990, PAGE 6, PART VI, LINE 4	THE ORGANIZATION UPDATED AND AMENEDED ITS BYLAWS DURING THE FISCAL YEAR ENDING JUNE 30, 2024.
FORM 990, PAGE 6, PART VI, LINE 11B	THE BOARD OF DIRECTORS AND THOSE CHARGED WITH GOVERNANCE REVIEW AND APPROVE THE 990 BEFORE IT IS FILED.
FORM 990, PAGE 6, PART VI, LINE 12C	EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1.HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2.HAS READ AND UNDERSTANDS THE POLICY, 3.HAS AGREED TO COMPLY WITH THE POLICY, AND 4.UNDERSTANDS THE ORGANIZATION IS CHARITABLE, AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES
FORM 990, PAGE 6, PART VI, LINE 15A	THE EXECUTIVE COMMITTEE WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION (SALARY AND BENEFITS)OF THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS) BASED ON A REVIEW OF COMPARABILITY DATA. FOR EXAMPLE, THE EXECUTIVE/COMPENSATION COMMITTEE WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS DATA MAY INCLUDE THE FOLLOWING: 1. SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; 2. WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; 3. INFORMATION FROM OTHER COLLEAGUES WHO RUN MID-SIZED NONPROFITS 4. INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS.
FORM 990, PAGE 6, PART VI, LINE 15B	THE EXECUTIVE COMMITTEE WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION (SALARY AND BENEFITS)OF THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS) BASED ON A REVIEW OF COMPARABILITY DATA. FOR EXAMPLE, THE EXECUTIVE/COMPENSATION COMMITTEE WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS DATA MAY INCLUDE THE FOLLOWING: 1. SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; 2. WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; 3. INFORMATION FROM OTHER COLLEAGUES WHO RUN MID-SIZED NONPROFITS 4. INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS.
FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS, INCLUDING THE FORM 990, ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11G	CASE MANAGEMENT/ARCHITECT 38,114 0 0 PROGRAM DIRECTOR 85,292 9,477 0 CONTRACTORS 0 4,200 0 ADMINISTRATIVE 0 3,599 0 MEDIA 2,675 297 0 TOTAL 126,081 17,573 0

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: THE MAKAI FOUNDATION IS ROOTED IN THE POWER OF COMMUNITY-HELPING-COMMUNITY. WE ARE COMMITTED TO ENSURING NO ONE SLIPS THROUGH THE CRACKS IN THE SYSTEM. DRIVEN BY THE POWER OF COMPASSION AND COMMUNITY, WE STAND AS BEACONS OF HOPE. WE UPLIFT THOSE IN NEED, MEETING THEM EXACTLY WHERE THEY ARE- BRIDGING GAPS AND BREAKING BARRIERS TO ENSURE NO ONE IS FORGOTTEN. WE ARE COMMITTED TO PUTTING THE "RELIEF" INTO "DISASTER-RELIEF,- AND IMPROVING THE SYSTEM-DESIGN FOR DISASTER RECOVERY IN THE FUTURE. WE INSPIRE RESILIENCE, FOSTERING SUSTAINABLE RECOVERY THROUGH EFFECTIVE COLLABORATION AND UNWAVERING DEDICATION.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	6
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	183
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	571,277	306,820
9	Program service revenue (Part VIII, line 2g) .........		0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,642	5,463
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		12,612
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	573,919	324,895
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	149,322	282,713
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)		0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	29,780	149,530
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	179,102	432,243
19	Revenue less expenses. Subtract line 18 from line 12.......	394,817	-107,348
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	395,107	287,653
21	Total liabilities (Part X, line 26).............		0
22	Net assets or fund balances. Subtract line 21 from line 20.....	395,107	287,653

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 408,794 including grants of $ 282,713 ) (Revenue $ )
	THE MAKAI FOUNDATION IS DEDICATED TO HELPING THOSE AFFECTED BY THE MAUI WILDFIRES. WE OPERATE WITH A DUAL PERSPECTIVE: FOCUSING ON SHORT-TERM DIRECT AID AND RECOVERY SERVICES (WHICH CAN SPAN DAYS TO WEEKS), AND LONG- TERM SUSTAINABLE RECOVERY MEASURES THAT STRETCH MONTHS TO YEARS. OUR PRIMARY AREAS OF INTEREST ENCOMPASS DISASTER RECOVERY, DISASTER ADVOCACY AND CASE-MANAGEMENT, CAPACITY BUILDING, COMMUNITY EMPOWERMENT, HOUSING SOLUTIONS (BOTH EMERGENCY HOUSING, INTERIM HOUSING AND LONG TERM HOUSING), BUSINESS REVITALIZATION, AND HEALTH AND WELL-BEING SUPPORT. WITHIN THIS FRAMEWORK, A SIGNIFICANT COMPONENT OF OUR MISSION IS ENSURING THAT RESOURCES, LIKE TOOLS VITAL FOR TRADESPEOPLE, ARE DISTRIBUTED TO THOSE IN NEED. OUR ACTIONS ARE DEEPLY ROOTED IN THE COMMUNITIES OF MAUI, NOTABLY IN THE LAHAINA AND KULA REGIONS, AS WE AIM TO REBUILD, REVITALIZE, AND REINFORCE THE RESILIENCE OF THESE AREAS. CURRENT PROGRAM AREAS INCLUDE: 1. DISASTER RECOVERY SESSIONS- "ALOHA NAVIGATOR SESSIONS" (LIKE DISASTER COACHING WHICH HELPS TO OPEN UP ADDITIONAL LONGER TERM FUNDING THROUGH GOVERNMENT AND PARTNER AGENCIES. 2. EMERGENCY HOUSING. 3. BUILDING HOMES AND CREATING LONG-TERM SUSTAINABILITY/RESILIENCY ON THE ISLAND BY CREATING MORE AFFORDABLE HOUSING LONG TERM. 4. FURNISHING HOMES FOR OUR DISPLACED FAMILIES ONCE THEY ARE FINALLY ABLE TO MOVE INTO THEIR TRANSITIONAL HOME (FLIPPING HOUSES THAT ARE IN BAD SHAPE). 5. REPLACING VEHICLES-FIXING CARS, REPLACING CARS AND TRUCKS BURNED IN THE FIRE. 6. REBUILDING SMALL BUSINESSES-REPLACING ITEMS THAT PEOPLE NEED IN ORDER TO BEGIN WORKING AGAIN. 7. DIRECT-AID-MATCHING THOSE IN NEED WITH DIRECT DONORS/GRANTS. 8. WELLNESS SUPPORT (BOTH MEDICINE AND MENTAL HEALTH SUPPORT). 9. VITAL RECORDS REPLACED (ID CARDS/ PASSPORTS/GREENCARDS).

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses408,794

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) ALEX FIELDING...................................................................... PRESIDENT	1.00 .................	X	X	0	0	0
(2) JASON STENGER...................................................................... VICE-PRESIDE	1.00 .................	X	X	0	0	0
(3) JOSHUA BERLIEN...................................................................... SECRETARY	1.00 .................	X	X	0	0	0
(4) JACOB SIMMONS...................................................................... TREASURER	2.00 .................	X	X	0	0	0
(5) MICAH CABAGBAG...................................................................... TREASURER	2.00 .................	X	X	0	0	0
(6) GARRETT MARRERO...................................................................... BOARD MEMBER	1.00 .................	X		0	0	0

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	52,500
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	254,320

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		306,820

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....

3 Investment income (including dividends, interest, and othersimilar amounts) ......			5,463		5,463
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ 52,500of contributions reported on line 1c). See Part IV, line 18 ....
			8a	34,824
b	Less: direct expenses ...		8b	22,212
c	Net income or (loss) from fundraising events..			12,612		12,612
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			324,895		18,075

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	282,713	282,713
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	1,411		1,411
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	143,654	126,081	17,573
12	Advertising and promotion ....
13	Office expenses .......	543		543
14	Information technology ......	1,063		1,063
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	BANK FEES	2,405		2,405
b	PHONE	429		429
c	DUES & SUBSCRIPTIONS	25		25
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	432,243	408,794	23,449	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		134,327	1	156,363
2	Savings and temporary cash investments .........		258,252	2	128,762
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .		2,528	11	2,528
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		395,107	16	287,653

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	0	26	0

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	395,107	27	287,653
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	395,107	32	287,653
33	Total liabilities and net assets/fund balances ........	395,107	33	287,653