Island Empire Community Development

Kailua, HIUnknown exempt organizationEIN 85-4298285Revenue $1.4M in FY2022

On file with the IRSdigitalspec.net/about/island-empire-nho747 Malanui Avenue · Kailua, HI

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Improve the quality of life for native hawaiian communities by providing assets, systems and networks made available to people of hawaiian ancestry both in hawaii, the continental u.s., and its territories.

5¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $1.4M a year · 97% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
5%
of spending
Concern: 5% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.3M
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-7% vs prior year
Spent
$70K
To programs
5%
Net assets
$2.8M
By yearFY2021–FY2022
Revenue
$1.4M
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$1.4M
Expenses
$70K
FY2022▲ ×18
Tap a bar for its year
Expenses by fiscal year
FY2021$4K
FY2022$70K
Net assets
$2.8M
FY2022▲ +88%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$2.8M

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

5 cents of each dollar spent went to programs.

Program services 5% · $3K Management & general 87% · $61K Fundraising 8% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Island Empire Community Development executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Native Hawaiians with resources and networks to improve their quality of life.

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Provided by the organization

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2 programs · $3K · in their own filed words · FY2022
01

The organization continued outreach in the native hawaiian community for its fundraising objectives and to investigate potentially sections of the native hawaiian community that were not served and whos needs were not being met.

$3Kprogram expense
02

The organization began the process of being recognized by the small business administration so that they could begin pursuing grants for native hawaiian organizations.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Other incomeLn 4–11$1.4M
Fees for servicesLn 2g$11K
Investment incomeLn 3$126
Money outPt IX
$70K
Ln 25
Programscol B$3K
Managementcol C$61K
Fundraisingcol D$6K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$10.1M
LiabilitiesLn 26$7.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11K
Investment incomeLn 3$126
Other incomeLn 4–11$1.4M
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
InvestmentsLn 11–13$10.1M
Total assetsLn 16$10.1M
LiabilitiesLn 26$7.3M
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$890$1K
InvestmentsLn 11–13$10.0M$10.1M
Total assetsLn 16$10.0M$10.1M
LiabilitiesLn 26$8.5M$7.3M
Net assetsLn 32$1.5M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K$3K
Management feesLn 11a$2K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$100$100
Information technologyLn 14$1K$1K
Other expenses (24a–d)Ln 24$449$449
All other expensesLn 24e$59K$59K
Total functional expensesLn 25$70K$3K$61K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $1.4M$70K$1.3M$2.8M 990 PDF
FY2021 $1.5M$4K$1.5M$1.5M 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
See the full FY2022 990 (6 parts)
Part I · Summary $1,369,018 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$10,540
I-10 Investment incomePrior year $217$126
I-11 Other revenuePrior year $1,475,844$1,358,352
I-12 Total revenuePrior year $1,476,061$1,369,018
I-13 Grants and similar amounts paidPrior year $1,860$3,310
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,100$67,077
I-18 Total expensesPrior year $3,960$70,387
I-19 Revenue less expensesPrior year $1,472,101$1,298,631
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,369,018 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,540$10,540
VIII-3 Investment incomeUnrelated business $126$126
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,358,352$1,358,352
VIII-12 Total revenueRelated to mission $10,540 · Unrelated business $1,358,478 · Excluded from tax $0$1,369,018
Part IX · Statement of functional expenses $70,387 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $3,310$3,310
IX-11a Management feesManagement $1,767$1,767
IX-12 Advertising and promotionFundraising $4,462$4,462
IX-13 Office expensesManagement $100$100
IX-14 Information technologyFundraising $1,210$1,210
IX-24 Other expenses (24a–d)Management $449$449
IX-24e All other expensesManagement $59,089$59,089
IX-25 Total functional expensesPrograms $3,310 · Management $61,405 · Fundraising $5,672$70,387
Part X · Balance sheet $10,057,043 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $890$1,470
X-12 Other securitiesStart of year $10,000,686$10,055,573
X-16 Total assetsStart of year $10,001,576$10,057,043
X-24 Unsecured notes and loans payableStart of year $4,850$65,277
X-26 Total liabilitiesStart of year $8,529,475$7,286,311
X-32 Total net assets or fund balancesStart of year $1,472,101$2,770,732
X-33 Total liabilities and net assetsStart of year $10,001,576$10,057,043
Part XI · Reconciliation of net assets $2,770,732 net assets at year end
XI-1 Total revenue$1,369,018
XI-2 Total expenses$70,387
XI-3 Revenue less expenses$1,298,631
XI-4 Net assets at start of year$1,472,101
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,770,732

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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