Kai Opua Canoe Club Inc
- Assets
- $507.2k
- Revenue
- $370.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Kailua Kona, HI
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 23-7180668
Organization Overview
Kai Opua Canoe Club Inc is located in Kailua Kona, HI. The organization was established in 1976. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kai Opua Canoe Club Inc 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 12/2022, Kai Opua Canoe Club Inc generated $370.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $292.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE CHILDREN AND PRESERVE HAWAIIAN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED IN 1929, KAI'OPUA CANOE CLUB IS ONE OF THE OLDEST OUTRIGGER CANOE CLUBS IN THE STATE OF HAWAII. THE ORGANIZATION OFFERS OUTRIGGER CANOE RACING TO PEOPLE OF ALL AGES, FROM KEIKI (CHILDREN) TO SENIORS. WITH TEAMS RANGING IN ABILITY FROM GROUPS OF NOVICES TO WORLD CHAMPIONS, WE PROVIDE ACTIVITIES FOR ENTHUSIASTS OF ALL LEVELS. KAI'OPUA CANOE CLUB IS HOST TO THE WORLD'S LARGEST LONG DISTANCE OUTRIGGER CANOE RACES- THE QUEEN LILI'UOKALANI, NOW IN ITS 52ND YEAR. CREWS FROM AROUND THE WORLD CONVERGE ON KONA FOR THIS PRESTIGIOUS EVENT EVERY LABOR DAY WEEKEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Veracruz President | OfficerTrustee | 10 | $0 |
Mike Atwood 1st Vice Pr | OfficerTrustee | 5 | $0 |
Kris Hazard 2nd Vice Pre | OfficerTrustee | 4 | $0 |
Lori Honl 3rd Vice Pre | OfficerTrustee | 4 | $0 |
Walter Wells Treasurer | OfficerTrustee | 5 | $0 |
Elizabeth Martin Secretary | OfficerTrustee | 5 | $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 | $117,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,843 |
| Total Program Service Revenue | $158,683 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,500 |
| Net Income from Fundraising Events | $8,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,324 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,469 |
| 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 | $7,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,159 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $5,481 |
| 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 | $19,317 |
| Insurance | $11,938 |
| All other expenses | $9,819 |
| Total functional expenses | $292,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,635 |
| 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 | $259,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $517 |
| Total assets | $507,200 |
| 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 | $507,200 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $507,200 |