Hoiwai Fund EIN 85-0701521

Hoiwai Fund FY2022 filing

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Convenes, trains, and advocates for philanthropy in Hawaii. For fiscal year 2022 it reported $325K in revenue, $249K in expenses, and $171K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Honolulu, HI
Website
www.hoiwaifund.org
Filings
5 on file (2020–2022)
Revenue
$325KFY2022
Expenses
$249K
Net assets
$171K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-0701521 Public charity (501(c)(3)) Honolulu, HI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Convenes, trains, and advocates for philanthropy in Hawaii.
Leadership
Mahina Paishon-Duarte · Co-Founder · $2K
Money in and out
$325K revenue, $249K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$325K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$171K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $76K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$325K
FY2022▲ +78%
Expenses
$249K
FY2022
Total assets
$177K
FY2022
Total liabilities
$6K
FY2022
Total revenue
$325K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$171K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$177K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $199K of program spending, described in the organization's own filed words · FY2022.
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.

$189Kprogram 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.

$10Kprogram 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 14No
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
$2,500Pt VII · Sec A
Co-Founder
$0Pt 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
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 & grants100%$325K
Other revenue$20
Total revenueLn 12$325K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$199K
Management & general20%$49K
Total functional expensesLn 25$249K

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$177K
Total liabilitiesLn 26$6K
Total net assetsLn 32$171K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses/yr $249K
8.6 months
Where the money goes
Program services
Program services $199K · Total expenses $249K
80%
Management & General
Management & general $49K · Total expenses $249K
20%
Fundraising
Fundraising $0 · Total expenses $249K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $325K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $325K · Total revenue $325K
100%
Government reliance
Government grants $0 · Total revenue $325K
0%
Earned-income share
Program service revenue $0 · Total revenue $325K
0%
Investment reliance
Investment income $0 · Total revenue $325K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $249K
0%
Growth & trend
Revenue growth (YoY)
This year $325K · Prior year $182K
+78%
Net-asset trend (YoY)
End of year $171K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $325K · Expenses $249K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $177K
Net-asset ratio
Net assets $171K · Total assets $177K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $177K
0%
People & payroll
Highest Reported Total Compensation
Individual Mahina Paishon-Duarte · Reported title Co-Founder · Highest reported compensation $2K · Total expenses $249K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2K · Total expenses $249K
1%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 78%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%
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 · ⤓ 990 PDF
FY2023$465K revenue · ⤓ 990 PDF
FY2022$325K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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