American Carpet One Foundation
American Carpet One Foundation is a private foundation, based in Aiea, HI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 9 grants totaling $68K. Net investment income was $20K.
American Carpet One Foundation at a glance
In short: American Carpet One Foundation gave $68K across 9 grants in 2025 (avg $8K), mostly in Hawaii. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,500
- -4.8% vs 2024
- Grants made (2025)
- 9
- -18.2% vs 2024
- Average grant
- $7,500
- +16.4% vs 2024
- Median grant
- $5,000
- Total assets
- $1,292,419
- +3.3% vs 2024
- Primary geography
- Hawaii (85% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who American Carpet One Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Aloha United Way ($31K). Together the top 8 received $63K.
Organizations only. It also paid 1 individual scholarship ($5,000), which are not listed by name.
Grant Size Distribution
82 grants across all recorded years
The most common grant size was under $50K: 81 grants of 82 (99%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How American Carpet One Foundation gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $68K (2025) to $138K (2023). In 2025 it made 9 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aloha United Way Honolulu, HI | General Fund | $31,000 |
| University of Hawaii Honolulu, HI | 2 Scholarships | $10,000 |
| Adams State University Alamosa, CO | Scholarship | $5,000 |
| Grassroot Institute of Hawaii Honolulu, HI | General Fund | $5,000 |
| Hawaii Baptist Academy Honolulu, HI | General Fund (75TH Anniversary Celebration) | $5,000 |
| Hawaii Pacific University Honolulu, HI | Scholarship Fund | $5,000 |
| 1 individual scholarship Recipients not named | — | $5,000 |
| Pacific Rim Christian University Honolulu, HI | General Fund | $1,000 |
| Kaimuki Christian School Honolulu, HI | Scholarship Fundkyle-Lenn-Joey Scholarship Fund | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,292,419 | $124,380 | $83,079 | $67,500 | 9 | $67,548 | $19,903 | $66,181 |
| 2024 | $1,250,841 | $54,623 | $86,527 | $70,900 | 11 | $70,946 | $19,704 | $60,863 |
| 2023 | $1,282,471 | $113,217 | $155,535 | $137,700 | 13 | $137,784 | $7,430 | $59,440 |
| 2022 | $1,326,686 | $157,521 | $107,133 | $88,200 | 22 | $88,832 | $90,478 | $67,787 |
| 2021 | $1,277,440 | $170,957 | $98,826 | $82,209 | 27 | — | $105,814 | $64,995 |
| 2019 | $1,254,933 | $73,234 | $86,312 | $70,040 | 24 | — | $29,704 | $61,672 |
Under IRS private-foundation payout rules, American Carpet One Foundation reported a distributable amount of $66K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
American Carpet One Foundation is led by David K. Arita, Chairman & President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
David K. Arita
Chairman & President
On filings since 2019
0.5 hrs/week
No compensation reported
Christine D. Arita
Vice President
On filings since 2019
0.1 hrs/week
No compensation reported
Daniel K. Arita
Vice President
On filings since 2019
0.1 hrs/week
No compensation reported
Jessica S. K. Schlais
Secretary & Treasurer
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about American Carpet One Foundation
How much does American Carpet One Foundation give each year?
American Carpet One Foundation gave $68K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $71K across 11 grants.
What is American Carpet One Foundation's typical grant size?
American Carpet One Foundation's median grant in 2025 was $5,000, and its average grant was $7,500, across 9 grants on its 2025 IRS Form 990-PF.
Where does American Carpet One Foundation give grants?
American Carpet One Foundation gives mostly in Hawaii: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Colorado (7%) and California (7%). The most frequent recipient cities were Honolulu, HI (7 grants).
Does American Carpet One Foundation give general operating support?
Yes: 44% of American Carpet One Foundation's 2025 grants with a stated purpose (4 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are American Carpet One Foundation's largest grantees?
American Carpet One Foundation's largest 2025 grantees include Aloha United Way ($31,000), University of Hawaii ($10,000) and Adams State University ($5,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($5,000), which are not listed by name. Together they received 68% of its itemized 2025 grant dollars.
How large is American Carpet One Foundation?
American Carpet One Foundation reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets).
What is American Carpet One Foundation's EIN?
American Carpet One Foundation's EIN (Employer Identification Number) is 71-1009218. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 19, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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