Honolulu Biennial Foundation
- Assets
- $380.7k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Honolulu, HI
- Founding
- 05/2015
- Data as of
- 06/2022
- 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 06/2022, Hawaii Contemporary employed 12 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 06/2022, Hawaii Contemporary generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. 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
HONOLULU BIENNIAL FOUNDATION DBA HAWAII CONTEMPORARY("HC") 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 2021-2022 FIVE PROFESSIONAL DEVELOPMENT FELLOWSHIPS WERE AWARDED WITH STIPENDS TO COVER A FOUR-MONTH PERFORMANCE PERIOD TO SUPPORT THE PREPARATION OF HT22.THE NONPROFIT ORGANIZATION'S SIGNATURE CITYWIDE EVENT IN HONOLULU, THE HAWAI'I TRIENNIAL 2022 (HT22), WAS A WELL-RECEIVED SUCCESS, FEATURING CONTEMPORARY ARTWORKS BY 43 ARTISTS AND ART COLLECTIVES EXHIBITED AT SEVEN SITES ACROSS O'AHU ISLAND AND SEEN BY 100,603 VISITORS OVER 11 WEEKS, AS WELL AS PROVIDING 111 PUBLIC PROGRAMS THAT ENGAGED GENERAL ATTENDEES AND OVER 18,825 KEIKI AND STUDENTS. ATTRACTING LOCAL AND INTERNATIONAL VISITORS ALIKE, OVER 30% OF ATTENDEES WERE FROM OUT-OF-STATE AND COUNTRY, BASED ON THE HT22 VISITOR SURVEY. THE HAWAI'I TRIENNIAL HAD AN ECONOMIC IMPACT OF $60.8M ON OUR LOCAL ECONOMY BASED ON AVERAGE DOLLARS SPENT PER PERSON BY OUT OF STATE VISITORS TO HAWAI'I (DATA PROVIDED BY HAWAI'I TOURISM AUTHORITY), AS WELL AS GENERATED $1.7M FROM HAWAII RESIDENT ATTENDEES AND 133.7 FULL-TIME EQUIVALENT JOBS ACCORDING TO THE AMERICAN FOR THE ARTS PROSPERITY IV CALCULATIONS FOR NON-PROFIT ORGANIZATION EXPENDITURES. HT22 WAS PUBLICLY OPEN FEBRUARY 18 - MAY 8 2022 FOR 11 WEEKS. EXPENDITURES FOR HT22 TOTALED $4.04 MILLION OVER A THREE-YEAR CYCLE. WE RAISED MORE THAN $3 MILLION IN CASH AND RECEIVED SOME $1.06 MILLION IN IN-KIND DONATIONS FROM OUR GENEROUS SUPPORTERS. FUNDS RAISED SUPPORTED THE RESEARCH, PLANNING, AND PRODUCTION OF HT22, INCLUDING ARTWORK LOANS, SITE-RESPONSIVE INSTALLATIONS, PERFORMANCES, AND PARTICIPATORY PROJECTS; THE DEVELOPMENT AND PRODUCTION OF A 284-PAGE HARDCOVER PUBLICATION; AND THE PRESENTATION OF PUBLIC PROGRAMS WITH ARTISTS AND SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabella Hughes President | OfficerTrustee | 2 | $0 |
Kristen Chan Vice President | OfficerTrustee | 2 | $0 |
Trever Asam Treasurer | OfficerTrustee | 2 | $0 |
Piia Aarma Secretary | OfficerTrustee | 2 | $0 |
Jonathan Kindred Director | Trustee | 1 | $0 |
Gloria Lau Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $631,798 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,340,119 |
| Noncash contributions included in lines 1a–1f | $462,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,971,917 |
| Total Program Service Revenue | $0 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,015,197 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,837 |
| Payroll taxes | $29,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $710,631 |
| Advertising and promotion | $187,156 |
| Office expenses | $54,852 |
| Information technology | $26,980 |
| Royalties | $0 |
| Occupancy | $97,528 |
| Travel | $361,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,265 |
| All other expenses | $4,886 |
| Total functional expenses | $2,533,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,264 |
| Savings and temporary cash investments | $78,870 |
| Pledges and grants receivable | $216,027 |
| 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 | $380,696 |
| Accounts payable and accrued expenses | $117,789 |
| 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 | $117,789 |
| Net assets without donor restrictions | $262,907 |
| 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 | $380,696 |