Hoiwai Fund EIN 85-0701521

Hoiwai Fund

EIN  85-0701521 Public charity (501(c)(3)) Honolulu, HI
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Size
$100K–1M
What they do
Convenes, trains, and advocates for philanthropy in Hawaii.
Leadership
Mahina Paishon-Duarte · Co-Founder · $4K
Money in and out
$445K revenue, $404K expenses
Bottom line
91% program efficiency

Convenes, trains, and advocates for philanthropy in Hawaii. For fiscal year 2024 it reported $445K in revenue, $404K in expenses, and $339K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$404K
Pt IX · Ln 25
Net assets
$339K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate▼ -5% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▼ -67% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$445K
FY2024▼ -4%
Expenses
$404K
FY2024▲ +20%
Total assets
$339K
FY2024▲ +13%
Total liabilities
$0
FY2024
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$404K
Pt IX · Ln 25
Net assets
$339K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$339K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $367K of program spending, described in the organization's own filed words · FY2024.
01

Funder Hui Fiscal Sponsorship

Provide programs and services for hui members and the broader philanthropic and nonprofit sectors. Participants include private, family, community and public foundations, quasi-government organizations and corporate giving programs.

$259Kprogram expense
02

Create and establish a philanthropic intermediary. Developed programing includes cohort supported peer learning, various issue-specific funder tables and a capacity building learning community.

$102Kprogram expense
03

Project Thesis Fiscal Sponsorship

Women's learning circle committed to increasing the dedicated financial and intellectual capital invested in women-leadership in Hawaii through training and learning seminars.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHoiwai Fund
EINHdr · item D85-0701521
Principal addressHdr · item CHonolulu, HI
WebsiteHdr · item Jwww.hoiwaifund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MHI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$3,500Pt VII · Sec A
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ashley Lukens$78,298$9,979
Wei Fang$10,236$6,761
Mahina Paishon Duarte$9,882
Mahina Paishon-Duarte$3,500$3,141$2,500$5,000

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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Statement of Revenue

Part VIII
Contributions & grants$403K · 91%
Program service revenue$42K · 9%
Contributions & grants91%$403K
Program service revenue9%$42K
Investment income$122
Total revenueLn 12$445K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$367K
Management & general9%$38K
Total functional expensesLn 25$404K

Balance Sheet

Part X · end of year
CashLn 1$339K
Total assetsLn 16$339K
Total liabilitiesLn 26$0
Total net assetsLn 32$339K
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $339K · Operating expenses/yr $404K
10.1 months
Where the money goes
Program services
Program services $367K · Total expenses $404K
91%
Management & General
Management & general $38K · Total expenses $404K
9%
Fundraising
Fundraising $0 · Total expenses $404K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $384K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $403K · Total revenue $445K
91%
Government reliance
Government grants $0 · Total revenue $445K
0%
Earned-income share
Program service revenue $42K · Total revenue $445K
9%
Investment reliance
Investment income $122 · Total revenue $445K
0%
Program self-sufficiency
Program service revenue $42K · Total expenses $404K
10%
Growth & trend
Revenue growth (YoY)
This year $445K · Prior year $465K
-4%
Revenue CAGR
FY2020 $93K · FY2024 $445K
+48%
Net-asset trend (YoY)
End of year $339K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $445K · Expenses $404K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $339K
Net-asset ratio
Net assets $339K · Total assets $339K
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) $339K
0%
People & payroll
Highest Reported Total Compensation
Individual Mahina Paishon-Duarte · Reported title Co-Founder · Highest reported compensation $4K · Total expenses $404K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $404K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth -4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 5%
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 · received and paid
Grants received · FY2024
Whh FoundationFY2024$20K
Total grants receivedfrom 6 funders$113K
See all 6 funders →
Grants paid · 2 grants · $30K · 2023–2023
Hui O Wa a KauluaHI · FY2023$20,000
Halau KealaokamaileHI · FY2023$10,000

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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)$445K revenue · viewing · ⤓ 990 PDF
FY2023$465K revenue · ⤓ 990 PDF
FY2022$325K revenue · ⤓ 990 PDF
FY2021$182K revenue · ⤓ 990 PDF
FY2020$93K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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