Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
9 people listed on the 990; $87K paid to officers and key staff.
Nicole Cacal’s $158K as Executive Di is at the 96th percentile of top reported officer pay among 1613 $100K–1M education 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Nicole Cacal | $158,049 | $6,756 | — |
| Leilani Farinas | — | $79,935 | $157,068 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds a skilled tech workforce in Hawaii.
Questions for True Initiative
Your first name shows with your question. True Initiative answers here, for everyone.
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True will host seminars and workshops, and will also sponsor pilot projects to encourage a better understanding of technology and its uses in hawaii. Hawaii has traditionally be slow to adopt technology, and true intends to reverse that trend to help local organizations succeed, diversify hawaii's economy, and help hawaii become a place…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $82K | $36K |
| Total assetsLn 16 | $170K | $86K |
| LiabilitiesLn 26 | $13K | $0 |
| Net assetsLn 32 | $156K | $86K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $87K | $54K | $33K | |
| Accounting feesLn 11c | $15K | $15K | ||
| Other fees for servicesLn 11g | $182K | $179K | $3K | |
| Advertising and promotionLn 12 | $270 | $270 | ||
| Office expensesLn 13 | $1K | $550 | $598 | |
| Information technologyLn 14 | $782 | $47 | $735 | |
| InsuranceLn 23 | $507 | $507 | ||
| Other expenses (24a–d)Ln 24 | $2K | $2K | ||
| Total functional expensesLn 25 | $288K | $234K | $54K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $423K | $394K | $30K | $86K | 990 PDF |
| FY2024 Viewing | $218K | $288K | −$70K | $86K | 990 PDF |
| FY2023 | $419K | $261K | $158K | $156K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $217,550 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 3 to look at
Part VIII · Statement of revenue $217,550 across 4 lines filed
Part IX · Statement of functional expenses $287,885 across 8 lines filed
Part X · Balance sheet $86,144 assets, 7 lines filed
Part XI · Reconciliation of net assets $86,144 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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