Kams Society
- Assets
- $1.1m
- Revenue
- $86.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 11/1975
- Data as of
- 12/2023
- EIN
- 51-0172747
Organization Overview
Kams Society is located in Honolulu, HI. The organization was established in 1975. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kams Society is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Kams Society generated $86.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $28.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BENEVOLENT, CHARITABLE, ELEEMOSYNARY, NON-PROFIT ORGANIZATION (PERSONS WITH THE LAST NAME KAM), HELP TO PERPETUATE THE CHINESE CULTURE AND ASSIST MEMBERS IN TIMES OF NEED (ILLNESS AND FUNERALS)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND EVENTS - COST OF BOARD MEETINGS, GENERAL MEMBERSHIP MEETINGS, ANNUAL SPRING BANQUET, CHRISTMAS PARTY. ALSO INCLUDES THE COST OF CHINESE CULTURAL PROGRAMS SUCH AS NIGHT IN CHINATOWN PARADE AND DRAGON BOAT RACES.
DONATION AND COMMUNITY GIFTS - REPRESENTS DONATIONS TO ORGANIZATIONS SUCH AS THE PALOLO CHINESE HOME AND CHINESE CHAMBER OF COMMERCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mona Mcnamara Director | Trustee | 1 | $0 |
Terri Jean Kam Ogawa Director | Trustee | 1 | $0 |
Wendy Mow 1st Vice President | OfficerTrustee | 1 | $0 |
Lisa Kam 3rd Vice President | OfficerTrustee | 1 | $0 |
Jocelyne Chun Sergeant-At-Arm | OfficerTrustee | 1 | $0 |
Paulette Ing Corresponding Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,539 |
| Total Program Service Revenue | $5,754 |
| Investment income | $19,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,545 |
| 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 | $86,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $2,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,488 |
| All other expenses | $877 |
| Total functional expenses | $28,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,527 |
| Savings and temporary cash investments | $730,156 |
| 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 |
| Net Land, buildings, and equipment | $157,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,073,425 |
| 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 | $7,705 |
| Total liabilities | $7,705 |
| Net assets without donor restrictions | $178,922 |
| Net assets with donor restrictions | $886,798 |
| 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 | $1,073,425 |
Grants Awarded
Over the last fiscal year, Kams Society has awarded $650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY HOPE LODGE PURPOSE: DONATION | $100 |
PALOLO CHINESE HOME PURPOSE: DONATION | $500 |
UNITED CHINESE SOCIETY OF HAWAII PURPOSE: DONATION | $50 |