Honolulu Biennial Foundation
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Honolulu, HI
- Founding
- 05/2015
- Data as of
- 06/2021
- EIN
- 47-1652561
Organization Overview
Honolulu Biennial Foundation, operating under the name Hawaii Contemporary, is located in Honolulu, HI. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Hawaii Contemporary employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Contemporary 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 06/2021, Hawaii Contemporary generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $535.7k during the year ending 06/2021. While expenses have increased by 30.9% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HONOLULU BIENNIAL FOUNDATION, DBA HAWAII CONTEMPORARY, SUPPORTS THE LOCAL ARTS INFRASTRUCTURE WITH A GLOBAL OUTREACH BY PRESENTING AN ARTS FESTIVAL, HAWAII TRIENNIAL, EVERY THREE YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN RESPONSE TO THE GLOBAL PANDEMIC, HAWAII CONTEMPORARY TRANSITIONED ALL PROGRAMMING TO A VIRTUAL FORMAT. IN FALL 2020, ONLINE PROFESSIONAL DEVELOPMENT WORKSHOPS FOR ARTISTS WERE HELD DURING A SIX WEEK PERIOD, AS WELL AS FELLOWSHIPS FOR YOUNG PROFESSIONALS WERE ESTABLISHED. IN FEBRUARY 2021, THE INAUGURAL HAWAII CONTEMPORARY ART SUMMIT WAS HELD FEBRUARY 10-13, 2021 FEATURING 18 VIRTUAL PROGRAMS AND 26 KEY PARTICIPANTS. THE PROGRAM ATTRACTED OVER 3,400 REGISTRANTS AND GARNERED OVER 14,000 VIEWS FROM 71 COUNTRIES AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Don Executive Director (from 2/20) | Officer | 40 | $51,692 |
Katherine Tuider Executive Director (thru 1/20) | Officer | 40 | $30,769 |
Trever Asam Treasurer | OfficerTrustee | 2 | $0 |
Kristen Chan Vice Chair | OfficerTrustee | 2 | $0 |
Piia Aarma Secretary | OfficerTrustee | 2 | $0 |
Isabella Hughes Board Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $696,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $926,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,622,541 |
| Total Program Service Revenue | $775 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,075 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,626,673 |
| 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. | $112,365 |
| Compensation of current officers, directors, key employees. | $28,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,108 |
| Payroll taxes | $14,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,601 |
| Fees for services: Accounting | $20,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,671 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $266,956 |
| Advertising and promotion | $19,672 |
| Office expenses | $4,694 |
| Information technology | $6,146 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$5,045 |
| All other expenses | $425 |
| Total functional expenses | $535,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,081 |
| Savings and temporary cash investments | $258,439 |
| Pledges and grants receivable | $1,097,989 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $535 |
| Total assets | $1,379,044 |
| Accounts payable and accrued expenses | $49,498 |
| 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 | $53,798 |
| Other liabilities | $0 |
| Total liabilities | $103,296 |
| Net assets without donor restrictions | $1,275,748 |
| 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 | $1,379,044 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Honolulu Biennial Foundation has recieved totaling $68,116.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $48,116 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |