Hawaii Investment Ready
- Assets
- $855.5k
- Revenue
- $873.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Kaneohe, HI
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-4611816
Organization Overview
Hawaii Investment Ready is located in Kaneohe, HI. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Hawaii Investment Ready 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, Hawaii Investment Ready generated $873.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $599.1k during the year ending 12/2021. While expenses have increased by 25.7% 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.
Since 2020, Hawaii Investment Ready has awarded 24 individual grants totaling $2,492,657. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND CAPACITY BUILDING FOR SOCIAL FOR PROFITS AND NONPROFITS, AND FOR GOVERNMENT, PHILANTHROPY, AND THE PRIVATE SECTOR ADDRESSING SOCIAL AND ENVIRONMENTAL CHALLENGES IN HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAWAII INVESTMENT READY COHORT PROGRAM. CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH DIRECT AND VIRTUAL ENGAGEMENT AND TEACHING IN A COHORT SETTING FOR HAWAII FOR PROFIT AND NONPROFIT SOCIAL ENTERPRISES WORKING TO SOLVE SOCIAL AND ENVIRONMENTAL CHALLENGES. BUSINESS COACHING FOR COHORT AND PROGRAM ALUMNI POST-PROGRAM, YEAR ROUND.
AINA ULU COHORT. A PILOT FRAMEWORK FOR KAMEHAMEHA SCHOOLS GRANTEES THROUGH EDUCATION AND TRAINING TO DIVERSIFY THEIR REVENUE RESOURCES WITH A FOCUS ON DEVELOPING EARNED REVENUE STREAMS.
FUNDER HUI. COLLABORATION WITH PHILANTHROPISTS TO BUILD OUT A GRANT MAKER SPECIFIC CAPACITY BUILDING PROGRAM AS A WAY TO IMPROVE GRANT MAKING AND ITS IMPACT.
THE REMAINING PROGRAMS INCLUDE LEVERAGING HAWAII CAPITAL (CAPACITY BUILDING FUNDERS), HAWAII FOOD SYSTEMS CAPTIAL SCAN (A RESEARCH PROJECT LOOKING AT THE SUPPLY AND DEMAND OF CAPITAL IN HAWAII'S FOOD SYSTEMS, TECHNICAL ASSISTANCE SERVICES PROVIDED TO SOCIAL FOR PROFITS AND NONPROFITS, KUKULU SWITCHBOARD WHICH IS AN ONLINE GRANTOR AND GRANTEE CONNECTING PLATFORM, UNRESTRICTED FUNDS WHICH ARE USED TO OFFSET GRANT SHORTFALLS IN THE PROGRAMS AREA, OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keoni Lee Ceo/director | OfficerTrustee | 40 | $167,018 |
Margaret Peebles Program Manager | Officer | 40 | $57,921 |
Chloe Hartwell Communications | Officer | 40 | $48,290 |
Neil Hannahs Secretary/treasurer | Trustee | 1 | $0 |
Lisa Kleissner President | Trustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $727,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,700 |
| Total Program Service Revenue | $0 |
| Investment income | $500 |
| 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 | $873,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,798 |
| 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. | $276,303 |
| Compensation of current officers, directors, key employees. | $100,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,946 |
| Payroll taxes | $27,453 |
| Fees for services: Management | $3,540 |
| Fees for services: Legal | $17,592 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,472 |
| Advertising and promotion | $13,518 |
| Office expenses | $2,106 |
| Information technology | $5,310 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,869 |
| 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 | $4,441 |
| All other expenses | $0 |
| Total functional expenses | $599,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $251,175 |
| 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 | $0 |
| Total assets | $855,471 |
| 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 | $199,900 |
| Other liabilities | $0 |
| Total liabilities | $199,900 |
| Net assets without donor restrictions | $405,947 |
| Net assets with donor restrictions | $249,624 |
| 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 | $855,471 |
Grants Awarded
Over the last fiscal year, Hawaii Investment Ready has awarded $2,492,657 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SHIFTED ENERGY INC PURPOSE: Federal Cares Act Funds regranted from the City & County of Honolulu Innovation Fund, reimbursements for direct expenses related to COVID 19. | $355,070 |
Kaneohe, HI PURPOSE: Federal Cares Act Funds regranted from the City & County of Honolulu Innovation Fund, reimbursements for direct expenses related to COVID 19. | $302,363 |
Kaneohe, HI PURPOSE: Federal Cares Act Funds regranted from the City & County of Honolulu Innovation Fund, reimbursements for direct expenses related to COVID 19. | $263,520 |
Waianae, HI PURPOSE: Federal Cares Act Funds regranted from the City & County of Honolulu Innovation Fund, reimbursements for direct expenses related to COVID 19. | $176,062 |
Honolulu, HI PURPOSE: Federal Cares Act Funds regranted from the City & County of Honolulu Innovation Fund, reimbursements for direct expenses related to COVID 19. | $168,762 |
Honolulu, HI PURPOSE: Federal Cares Act Funds regranted from the City & County of Honolulu Innovation Fund, reimbursements for direct expenses related to COVID 19. | $163,724 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hawaii Investment Ready has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $50,000 |
Aloha United Way Inc Honolulu, HI PURPOSE: FISCAL-SPONSORED GRANT, WEINBERG | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |