Xlr8x

Tax-deductible

Honolulu, HI501(c)(3)Community DevelopmentEIN 84-3697780Revenue $102K in FY2024

On file with the IRSxlr8x.org7192 Kalanianaole Hwy Ste A143a, 96825-1849 · Honolulu, HITax-exempt since Dec 2019Publicly supported — 509(a)(2)

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To develop and administer activities and programs designed to educate students and entrepreneurs, combat community deterioration, relieve poverty and lessen the burdens of the government through stimulating economic development in select communities in the united states and around the world, with a particular emphasis on communities within the state of hawaii.

501(c)(3) charity; gifts are tax-deductible.
Run by 2 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990-EZIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-EZ
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $49K a year · 9% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Pay to officers and key staff
$147K
to officers and key staff
Top officer’s pay higher than 50% of similar orgs
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Named funders
1
named funder · $87
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$102K
-78% vs prior year
Net assets
−$5K
By yearFY2022–FY2024
Revenue
$102K
FY2024▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2022$623K
FY2023$455K
FY2024$102K
Expenses
—
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2022$591K
FY2023$389K
FY2024Not on file
Net assets
−$5K
FY2024▼ -107%
Tap a bar for its year
Net assets by fiscal year
FY2022$14K
FY2023$80K
FY2024−$5K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990-EZ; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Exec Dir
$74,755Pt VII · Sec A
Treasurer
$71,150Pt VII · Sec A
$1,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Omar Sultan’s $75K as President/Exec Dir is at the 50th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Tarik Sultan$71,150$214,619$174,953
Omar Sultan$74,755$108,650$83,708
Katarina Matayoshi$1,250$47,068$40,938

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

Stimulates economic development to educate, combat poverty, and improve communities.

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Provided by the organization

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1 program · $341K · in their own filed words · FY2022
01

B2s Capital Challenge

Increasing support and access to capital to underserved companies and communities. Expanding the assistance and investment provided to companies in HAWAII.SPRINT challenge: transform impacted businesses into agile, resilient organizations re-equipped with the business knowledge, technical assistance, professional networks, and support…

$341Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$87

By the numbers

The FY2024 990-EZ, line by line.

1The main four
Money in
$102K
Other income$102K
Owns and owes
−$5K
net assets
Liabilities$9K
People
6
listed
Paid3
2In more detail
Revenue in detail
Other income$102K
Total revenue$102K
Assets in detailEnd of year
Liabilities$9K
Net assets−$5K
Operations
Employees4
Volunteers2
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $102K−$5K 990 PDF
FY2023 $455K$389K$66K$80K 990 PDF
FY2022 $623K$591K$32K$14K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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