Wo Hing Society
- Assets
- $648.0k
- Revenue
- $726.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lahaina, HI
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 30-1000748
Organization Overview
Wo Hing Society is located in Lahaina, HI. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wo Hing Society 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, Wo Hing Society generated $726.9k in total revenue. All expenses for the organization totaled $467.9k during the year ending 12/2022. While expenses have increased by 76.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS TO LAHAINA RESTORATION FOUNDATION (EIN: 99-6004506) FOR OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Kam President | 1 | $0 | |
Robert Santos Vice President | 1 | $0 | |
Pamela Silva Treasurer | 2 | $0 | |
Jaclyn Santos Secretary | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $11 |
| Dividends & Interest | $0 |
| Net Rental Income | $384,489 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $726,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118,538 |
| Depreciation | $0 |
| Occupancy | $30,133 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151,903 |
| Total operating and administrative expenses | $388,714 |
| Contributions, gifts, grants paid | $79,225 |
| Total expenses and disbursements | $467,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,200 |
| Savings and temporary cash investments | $150,710 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $155,083 |
| Other assets | $0 |
| Total assets | $647,993 |
| Accounts payable and accrued expenses | $3,976 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $48,125 |
| Other liabilities | $46,922 |
| Total liabilities | $99,023 |
Grants Awarded
Over the last fiscal year, Wo Hing Society has awarded $79,225 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAHAINA RESTORATION FOUNDATION PURPOSE: TO OPERATE AND MAINTAIN THE WO HING SOCIETY MUSEUM. | $73,975 |
LAHAINALUNA HIGH SCHOOL FOUNDATION PURPOSE: SCHOLARSHIPS FOR GRADUATING SENIORS | $5,250 |