David C Ai Charitable Trust EIN 99-6078252

David C Ai Charitable Trust

Not yet claimed Claim this org →

Supports local YMCA programs and other charities. For fiscal year 2025 it reported $854K in revenue, $1.0M in expenses, and $17.4M in net assets.Pt I

Founded
1996
Type
Supporting organization · Foundations & Grantmakers
Location
Honolulu, HI
Filings
6 on file (2020–2025)
Revenue
$854KFY2025
Expenses
$1.0M
Net assets
$17.4M
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  99-6078252 Supporting organization Honolulu, HI Founded 1996
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until David C Ai Charitable Trust claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Supports local YMCA programs and other charities.
Leadership
Carol Ai May · Trustee
Money in and out
$854K revenue, $1.0M expenses
Bottom line
-19% net inflow
Money in and out · FY2025
Total revenue
$854K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$17.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$158K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Net inflow
-19%
revenue over expenses, this year▲ +48% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
91%
of expenses reach stated programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$854K
FY2025▲ +7%
Expenses
$1.0M
FY2025▼ -6%
Total assets
$17.4M
FY2025▲ +10%
Total liabilities
$0
FY2025
Total revenue
$854K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$17.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$158K
Total assetsPt X · Ln 16$17.4M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $916K of program spending, described in the organization's own filed words · FY2025.
01

Ymca teen fitness program distribution of 2024 income

$675Kprogram expense
02

Eight local charities distribution of 2024 income

$242Kprogram expense
03

See the following statements for program service accomplishments.

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDavid C Ai Charitable Trust
EINHdr · item D99-6078252
Principal addressHdr · item CHonolulu, HI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1996
State of legal domicileHdr · item MHI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T90J)
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See David C Ai Charitable Trust executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Investment income$698K · 82%
Other revenue$156K · 18%
Investment income82%$698K
Other revenue18%$156K
Total revenueLn 12$854K

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%$916K
Management & general9%$96K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$291K
Total assetsLn 16$17.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$17.4M
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17.3M · Operating expenses/yr $1.0M
205.2 months
Where the money goes
Program services
Program services $916K · Total expenses $1.0M
91%
Management & General
Management & general $96K · Total expenses $1.0M
9%
Fundraising
Fundraising $0 · Total expenses $1.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $854K
0%
Government reliance
Government grants — · Total revenue $854K
Earned-income share
Program service revenue $0 · Total revenue $854K
0%
Investment reliance
Investment income $698K · Total revenue $854K
+82%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $854K · Prior year $797K
+7%
Revenue CAGR
FY2020 $161K · FY2025 $854K
+40%
Net-asset trend (YoY)
End of year $17.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $854K · Expenses $1.0M
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $17.4M
Net-asset ratio
Net assets $17.4M · Total assets $17.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $17.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $17.4M
98%
People & payroll
Highest Reported Total Compensation
Individual Carol Ai May · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $1.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.0M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Revenue growth 7%

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 · this organization's grantmaking
Grants paid · 19 grants · $2.7M · 2020–2025
YMCAHI · FY2025$675,000
'iolani SchoolHI · FY2025$158,000
Palama SettlementHI · FY2025$67,500
'iolani SchoolHI · FY2024$533,000
YMCAHI · FY2024$375,000
Palama SettlementHI · FY2024$45,000
Palolo Chinese HomeHI · FY2024$6,500
'iolani SchoolHI · FY2023$420,000
YMCAHI · FY2023$84,750
Palama SettlementHI · FY2023$40,000
YMCAHI · FY2022$43,000
'iolani SchoolHI · FY2022$31,000
YMCAHI · FY2021$60,000
'iolani SchoolHI · FY2021$53,045
YMCAHI · FY2020$50,000
'iolani SchoolHI · FY2020$50,000
See all 19 grants →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$854K revenue · viewing · ⤓ 990 PDF
FY2024$797K revenue · ⤓ 990 PDF
FY2023$5.8M revenue · ⤓ 990 PDF
FY2022$97K revenue · ⤓ 990 PDF
FY2021$440K revenue · ⤓ 990 PDF
FY2020$161K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.