Hawaii Tax Institute Foundation
- Assets
- $127.4k
- Revenue
- $126.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-8909929
Organization Overview
Hawaii Tax Institute Foundation is located in Honolulu, HI. The organization was established in 2007. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Tax Institute Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hawaii Tax Institute Foundation generated $126.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $172.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF HAWAII TAX INSTITUTE FOUNDATION IS TO ADVANCE EDUCATION AND SERVE CHARITABLE PURPOSES BY CONDUCTING VARIOUS PROGRAMS TO FOSTER AND IMPROVE EDUCATION OF ACCOUNTANTS, ATTORNEYS, FIDUCIARIES, FINANCIAL ADVISORS, AND OTHER TAX PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACTIVITY OF THE HAWAII TAX INSTITUTE FOUNDATION ("HTIF") IS TO PRESENT THE HAWAII TAX INSTITUTE TO ACCOUNTANTS, ATTORNEYS, FIDUCIARIES, FINANCIAL ADVISORS, AND OTHER TAX PROFESSIONALS. THE INSTITUTE CONSISTS OF FIVE DAYS OF LECTURES, SEMINARS, PANEL DISCUSSIONS, AND WORKSHOPS BY LOCALLY AND NATIONALLY KNOWN EXPERTS IN TAX PLANNING. THE HAWAII TAX INSTITUTE IS OPEN TO THE PUBLIC. IN 2021, THE CONFERENCE WAS CANCELLED DUE TO THE COVID-19 PANDEMIC & STATE & LOCAL RESTRICTIONS PLACED ON THE TOURISM INDUSTRIES & RESTAURANTS IN THE STATE OF HAWAII. IN LIEU OF THE LIVE CONFERENCE THE INSTITUTE HELD WEBINARS THROUGHOUT THE YEAR ON VARIOUS TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan T Yoshitake Secretary/director | OfficerTrustee | 2 | $0 |
Thomas G Cabrinha Treasurer/director | OfficerTrustee | 2 | $0 |
Douglas Wilson President/director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $126,426 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $172,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,430 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $127,430 |
| Total liabilities and net assets/fund balances | $127,430 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hawaii Tax Institute Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
John And Ursula Kanel Charitable Foundation Los Angeles, CA PURPOSE: FINANCIAL AID | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
County Supervisors Assn Of Ca Sacramento, CA | $13,363,882 | $9,936,201 |
Howard Jarvis Taxpayers Association Laguna Niguel, CA | $8,742,676 | $7,848,620 |
California Credit Union League Ontario, CA | $29,531,328 | $7,558,766 |
California Municipal Utilities Association Sacramento, CA | $1,438,040 | $3,988,972 |
American Water Works Association Rancho Cucamonga, CA | $2,909,374 | $2,878,062 |
California Taxpayers Association Sacramento, CA | $1,627,545 | $1,678,404 |
California Association Of Councils Of Goverments Sacramento, CA | $380,054 | $767,142 |
Association Of Asian American Investment Managers San Francisco, CA | $0 | $817,109 |
Redondo Beach Travel And Tourism Redondo Beach, CA | $332,946 | $638,594 |
Merchant Acquirers Committee Inc Sacramento, CA | $674,073 | $665,838 |
National Guard Association Of California Sacramento, CA | $325,104 | $433,833 |
Hawaii Transportation Association Honolulu, HI | $2,054,623 | $389,931 |