Kanaka Ikaika Racing Association
- Assets
- $73.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kailua, HI
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 32-0448321
Organization Overview
Kanaka Ikaika Racing Association is located in Kailua, HI. The organization was established in 2014. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kanaka Ikaika Racing Association 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, Kanaka Ikaika Racing Association generated $34.0k 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 (18.3%) each year. All expenses for the organization totaled $35.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SUCCESSFULLY ORGANIZED 2 OCEAN PADDLE RACES AND 11 VIRTUAL PADDLE RACES, EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Smith President/di | 0.2 | $0 | |
Joelle A Foti Treasurer/di | 25 | $0 | |
Jon Bryan Vice-Pres/di | 0.2 | $0 | |
James K Foti Executive Di | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,005 |
| Total Program Service Revenue | $20,117 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,952 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,729 |
| Occupancy, rent, utilities, and maintenance | $7,980 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,926 |
| Total expenses | $35,635 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,000 |
| Other assets | $0 |
| Total assets | $73,000 |
| Total liabilities | $67,379 |
| Net assets or fund balances | $5,621 |
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