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David C Ai Charitable Trust FY2020 filing

Tax-deductible

Honolulu, HI501(c)(3)Since 1996Foundations & GrantmakersEIN 99-6078252Revenue $161K in FY2020

On file with the IRSPo Box 1559, 96806-1559 · Honolulu, HITax-exempt since Feb 1998Supporting organization — 509(a)(3)

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"the trustee shall distribute all of the net income of the Charitable Trust each year and may distribute so much or all of the principal of the charitbale Trust as IT deems necessary for the Charitable trust's purposes, consistent with the long term needs of the beneficiaries." "payment shall be made, first, to the nuuanu YMCA, honolulu, hawaii, to fund its teen fitness program...". "any net income remaining and any principal distributions the trustee may deem necessary shall be distributed to such one or more Charitable orginizations listed on exhibit III ... In such amounts, as the trustee shall determine."

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $747K a year · 55% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
Spent
$133K
To programs
87%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$161K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$161K
FY2021$440K
FY2022$97K
FY2023$5.8M
FY2024$797K
FY2025$854K
Expenses
$133K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$133K
FY2021$150K
FY2022$317K
FY2023$946K
FY2024$1.1M
FY2025$1.0M
Net assets
$3.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.2M
FY2022$9.1M
FY2023$15.0M
FY2024$15.7M
FY2025$17.4M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $115K Management & general 13% · $18K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Yates
Trustee
$0Pt VII · Sec A
See David C Ai Charitable Trust 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 15aNo

Programs and updates

Supports local YMCA programs and other charities.

Provided by the organization

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3 programs · $115K · in their own filed words · FY2020
01

Seven local charities distribution of 2019 income

$65Kprogram expense
02

Ymca teen fitness program distribution of 2019 income

$50Kprogram expense
03

See the following statments for program service accomplishments.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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
Goodwill Industries of Hawaii INCHI · FY2024$15,000
Palolo Chinese HomeHI · FY2024$6,500
'iolani SchoolHI · FY2023$420,000
YMCAHI · FY2023$84,750
Palama SettlementHI · FY2023$40,000
Goodwill Industries of Hawaii INCHI · FY2023$25,000
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 →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Other incomeLn 4–11$106K
Investment incomeLn 3$56K
Money outPt IX
$133K
Ln 25
Programscol B$115K
Managementcol C$18K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$3.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$56K
Other incomeLn 4–11$106K
Gains on assetsLn 7$35K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$31K
Cash and savings togetherLn 1–2$76K
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$80K
Total assetsLn 16$3.8M
LiabilitiesLn 26$0
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$73K$76K
InvestmentsLn 11–13$3.6M$3.7M
Land, buildings, equipmentLn 10c$80K$80K
Total assetsLn 16$3.8M$3.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.8M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$115K$115K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$4K$4K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$133K$115K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $854K$1.0M−$158K$17.4M 990 PDF
FY2024 $797K$1.1M−$286K$15.7M 990 PDF
FY2023 $5.8M$946K$4.8M$15.0M 990 PDF
FY2022 $97K$317K−$220K$9.1M 990 PDF
FY2021 $440K$150K$291K$4.2M 990 PDF
FY2020 Viewing $161K$133K$29K$3.8M 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 FY2020 990 (6 parts)
Part I · Summary $161,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $89,055$55,778
I-11 Other revenuePrior year $72,851$105,613
I-12 Total revenuePrior year $161,906$161,391
I-13 Grants and similar amounts paidPrior year $108,000$115,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30,340$17,592
I-18 Total expensesPrior year $138,340$132,592
I-19 Revenue less expensesPrior year $23,566$28,799
Part VI · Governance 2 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $161,391 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $20,966$20,966
VIII-7 Net gain or loss on sales of assetsExcluded from tax $34,812$34,812
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $105,613$105,613
VIII-12 Total revenueRelated to mission $0 · Unrelated business $105,613 · Excluded from tax $55,778$161,391
Part IX · Statement of functional expenses $132,592 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $115,000$115,000
IX-11b Legal feesManagement $6,013$6,013
IX-11c Accounting feesManagement $5,664$5,664
IX-11f Investment management feesManagement $3,769$3,769
IX-24 Other expenses (24a–d)Management $2,146$2,146
IX-25 Total functional expensesPrograms $115,000 · Management $17,592 · Fundraising $0$132,592
Part X · Balance sheet $3,849,318 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $20,203$45,040
X-2 Savings and temporary cash investmentsStart of year $52,308$30,540
X-10c Land, buildings and equipment, netStart of year $79,500$79,500
X-11 Publicly traded securitiesStart of year $895,829$985,812
X-12 Other securitiesStart of year $2,708,426$2,708,426
X-16 Total assetsStart of year $3,756,266$3,849,318
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,756,266$3,849,318
X-33 Total liabilities and net assetsStart of year $3,756,266$3,849,318
Part XI · Reconciliation of net assets $3,849,318 net assets at year end
XI-1 Total revenue$161,391
XI-2 Total expenses$132,592
XI-3 Revenue less expenses$28,799
XI-4 Net assets at start of year$3,756,266
XI-5 Net unrealized gains (losses) on investments$64,253
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,849,318

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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