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David C Ai Charitable Trust FY2021 filing

Tax-deductible

Honolulu, HI501(c)(3)Since 1996Foundations & GrantmakersEIN 99-6078252Revenue $440K in FY2021

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.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.1 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
$440K
+173% vs prior year
Spent
$150K
To programs
82%
Net assets
$4.2M
By yearFY2020–FY2025
Revenue
$440K
FY2021▲ +173%
Tap a bar for its year
Revenue by fiscal year
FY2020$161K
FY2021$440K
FY2022$97K
FY2023$5.8M
FY2024$797K
FY2025$854K
Expenses
$150K
FY2021▲ +13%
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
$4.2M
FY2021▲ +9%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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

82 cents of each dollar spent went to programs.

Program services 82% · $123K Management & general 18% · $27K

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.

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Provided by the organization

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3 programs · $123K · in their own filed words · FY2021
01

Seven local charities distribution of 2020 income

$63Kprogram expense
02

Ymca teen fitness program distribution of 2020 income

$60Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$440K
Ln 12
Other incomeLn 4–11$377K
Investment incomeLn 3$64K
Money outPt IX
$150K
Ln 25
Programscol B$123K
Managementcol C$27K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$4.2M
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$64K
Other incomeLn 4–11$377K
Gains on assetsLn 7$33K
Total revenueLn 12$440K
Assets in detailPt X, end of year
CashLn 1$123K
SavingsLn 2$141K
Cash and savings togetherLn 1–2$264K
InvestmentsLn 11–13$3.9M
Land, buildings, equipmentLn 10c$80K
Total assetsLn 16$4.2M
LiabilitiesLn 26$0
Net assetsLn 32$4.2M
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 FY21End FY21
Cash and savingsLn 1–2$76K$264K
InvestmentsLn 11–13$3.7M$3.9M
Land, buildings, equipmentLn 10c$80K$80K
Total assetsLn 16$3.8M$4.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.8M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$123K$123K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$5K$5K
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$150K$123K$27K$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 Viewing $440K$150K$291K$4.2M 990 PDF
FY2020 $161K$133K$29K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $440,420 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 $55,778$63,551
I-11 Other revenuePrior year $105,613$376,869
I-12 Total revenuePrior year $161,391$440,420
I-13 Grants and similar amounts paidPrior year $115,000$123,045
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 $17,592$26,695
I-18 Total expensesPrior year $132,592$149,740
I-19 Revenue less expensesPrior year $28,799$290,680
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 $440,420 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $30,519$30,519
VIII-7 Net gain or loss on sales of assetsExcluded from tax $33,032$33,032
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $376,869$376,869
VIII-12 Total revenueRelated to mission $0 · Unrelated business $376,869 · Excluded from tax $63,551$440,420
Part IX · Statement of functional expenses $149,740 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $123,045$123,045
IX-11c Accounting feesManagement $5,403$5,403
IX-11f Investment management feesManagement $5,336$5,336
IX-24 Other expenses (24a–d)Management $15,956$15,956
IX-25 Total functional expensesPrograms $123,045 · Management $26,695 · Fundraising $0$149,740
Part X · Balance sheet $4,205,692 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $45,040$122,692
X-2 Savings and temporary cash investmentsStart of year $30,540$141,203
X-10c Land, buildings and equipment, netStart of year $79,500$79,500
X-11 Publicly traded securitiesStart of year $985,812$1,153,871
X-12 Other securitiesStart of year $2,708,426$2,708,426
X-16 Total assetsStart of year $3,849,318$4,205,692
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,849,318$4,205,692
X-33 Total liabilities and net assetsStart of year $3,849,318$4,205,692
Part XI · Reconciliation of net assets $4,205,692 net assets at year end
XI-1 Total revenue$440,420
XI-2 Total expenses$149,740
XI-3 Revenue less expenses$290,680
XI-4 Net assets at start of year$3,849,318
XI-5 Net unrealized gains (losses) on investments$65,694
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,205,692

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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