Honolulu Marathon Association
- Assets
- $700.5k
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/1975
- Data as of
- 02/2021
- EIN
- 51-0162187
Organization Overview
Honolulu Marathon Association is located in Honolulu, HI. The organization was established in 1975. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Honolulu Marathon 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 02/2021, Honolulu Marathon Association generated $4.5m 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 (4.8%) each year. All expenses for the organization totaled $4.5m during the year ending 02/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PLAN, IMPLEMENT AND CONDUCT THE ANNUAL HONOLULU MARATHON AND ITS RELATED RACES TO PROMOTE AMATEUR SPORTS COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAN, IMPLEMENT AND CONDUCT THE ANNUAL HONOLULU MARATHON, THE HAPALUA (HALF-MARATHON), KING'S RUNNER 10K, AND ITS RELATED RACES TO PROVIDE FOR THE PARTICIPATION BY OVER 36,000 AMATEUR ATHLETES. THIS YEAR MARKS THE 50TH ANNIVERSARY OF THE HONOLULU MARATHON, THE FOURTH LARGEST MARATHON IN THE UNITED STATES AFTER NEW YORK, CHICAGO, AND BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Barahal President/di | OfficerTrustee | 40 | $0 |
Helena Barahal Vice Pres/di | OfficerTrustee | 40 | $0 |
Ronald Ky Chun Vice Pres/di | OfficerTrustee | 40 | $0 |
Jonathan P Cross Vice Pres/di | OfficerTrustee | 40 | $0 |
Richard C Sutton Jr Former Vice | OfficerTrustee | $0 | |
Jeanette Ml Chun Secretary/tr | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West9 Communications Ltd Digital/ Mktg | 2/27/23 | $457,610 |
Asatsu-dk Inc Consult/ Agent | 2/27/23 | $866,737 |
Pacific Sport Events & Timing Time Tracking | 2/27/23 | $273,509 |
Jj Johnson Inc Race Director, | 2/27/23 | $143,290 |
Hawaii Stage And Lighting Rentals I Equipment Renta | 2/27/23 | $127,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,690 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,532,837 |
| Statement of Expenses | |
|---|---|
| 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. | $355,686 |
| 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 | $10,306 |
| Fees for services: Accounting | $63,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,531,591 |
| Advertising and promotion | $1,354,814 |
| Office expenses | $113,736 |
| Information technology | $75,898 |
| Royalties | $0 |
| Occupancy | $93,936 |
| Travel | $218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $756 |
| Insurance | $7,569 |
| All other expenses | $0 |
| Total functional expenses | $4,534,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $700,494 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $700,494 |