Project Hawaii INC EIN 32-0308897

Project Hawaii INC FY2022 filing

EIN  32-0308897 Public charity (501(c)(3)) Keaau, HI
Form 990 (PDF)
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Size
$1–10M
What they do
Provides essential aid and educational programs to homeless children in Hawaii.
Leadership
Magin Patrick · Co-Founder Executive Director of Operations
Money in and out
$1.4M revenue, $1.4M expenses
Bottom line
97% program efficiency

Provides essential aid and educational programs to homeless children in Hawaii. For fiscal year 2022 it reported $1.4M in revenue, $1.4M in expenses, and $295K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$295K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $0
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.4M
FY2022▼ -14%
Expenses
$1.4M
FY2022▼ -15%
Total assets
$295K
FY2022
Total liabilities
$0
FY2022
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$295K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$0
Total assetsPt X · Ln 16$295K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $859K of program spending, described in the organization's own filed words · FY2022.
01

Our Major Accomplishment Is Our Summer Educational Program

For our 17th year this year we proud to announce that our jr. leader pilot program is now a full-time summer program which we extended to add another week along with adding more life skills training. We will continue to allow for growth to include more educational options, such as the stem program, etc.

$387Kprogram expense
02

Outreach and Awareness Program /Covid Kokua

Due to covid we had to increase our program services and actually open up more chapters with more team leaders to assure our homeless children were well cared for and not left out of their schooling support, providing more meals since they aren't eating at school, etc. Celebrating our 3rd year on Maui in our outreach this year as well.

$304Kprogram expense
03

Dormitory Project Build. We have started the rehabbing of the dormitory project to be open Aug. 2023. This full residential program will allow 12 young ladies to participate in our life changing programs while attend college to pursue their dreams.

$168Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Hawaii INC
EINHdr · item D32-0308897
Principal addressHdr · item CKeaau, HI
WebsiteHdr · item Jwww.helpthehomelesskeiki.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MHI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-Founder Executive Director of Operations
$0Pt VII · Sec A
Vice President /Co Founder/ JR Leader Coordinator
$0Pt VII · Sec A
Treasurer/Accountant
$0Pt VII · Sec A
Outreach Director
$0Pt VII · Sec A
Big Island Director ~ Head Team Leader
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Advisor
$0Pt VII · Sec A
V. President-Asst. Director of Big Island
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$1.4M
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$1.3M
Management & general3%$34K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$56K
Total assetsLn 16$295K
Total liabilitiesLn 26$0
Total net assetsLn 32$295K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $56K · Operating expenses/yr $1.4M
0.5 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.4M
97%
Management & General
Management & general $34K · Total expenses $1.4M
3%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.4M
100%
Government reliance
Government grants $0 · Total revenue $1.4M
0%
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $0 · Total revenue $1.4M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.4M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.6M
-14%
Net-asset trend (YoY)
End of year $295K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.4M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $295K
Net-asset ratio
Net assets $295K · Total assets $295K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $295K
0%
People & payroll
Highest Reported Total Compensation
Individual Magin Patrick · Reported title Co-Founder Executive Director of Operations · Highest reported compensation $0 · Total expenses $1.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.4M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth -14%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$93K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · viewing · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$728K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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