Hale Kua
- Assets
- $567.8k
- Revenue
- $562.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-4899160
Organization Overview
Hale Kua is located in Honolulu, HI. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Hale Kua is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PERPETUATION OF ARTS AND CULTURE AND FOR OTHER CHARITABLE RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NONPROFIT RECEIVED LARGE GRANTS FROM KAMEHAMEHA SCHOOLS THAT WILL BE ABLE TO FURTHER THE NONPROFIT'S MISSION OF PERPETUATION OF ARTS AND CULTURE AND FOR OTHER CHARITABLE RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES.THE BUSINESS INCUBATOR PROGRAM INSPIRES ENTREPRENEURIAL SPIRIT IN INDIGENOUS ARTISTS AND SMALL BUSINESSES AND GUIDES PARTICIPANTS THROUGH FIVE PHASES OF BUSINESS: INSPIRATION, TRANSLATION, CREATION, BUSINESS PLAN AND BUSINESS PITCH.THROUGH THE INCUBATOR PROGRAM, HALE KUA AIMS TO CULTIVATE HAWAIIAN ARTS, CULTURE, VALUES, AND TRADITIONS BY: - FOSTERING THE NEXT GENERATION OF STORYTELLERS IN THIS TIME AND SPACE THROUGH THEIR INDIVIDUAL CREATIVE ART- TEACHING PARTICIPANTS HOW TO CONNECT TO TIME AND SPACE TO RECEIVE INSPIRATION AND TRANSLATE THAT INSPIRATION- ESTABLISHING THE EFFECTIVENESS OF A CULTURALLY-BASED BUSINESS MODEL AS A FOUNDATION FOR SUCCESSTHE PROGRAM BEGINS WITH A WEEK-LONG RETREAT ON HAWAI'I ISLAND, WHERE SELECTED COHORT MEMBERS HAVE THE UNIQUE OPPORTUNITY TO WALK IN MANAOLA'S FOOTSTEPS AND EXPLORE THE BUILDING BLOCKS OF CULTURALLY BASED BUSINESS ROOTED IN HAWAIIAN VALUES AND 'IKE KUPUNA (ANCESTRAL KNOWLEDGE). THE PROGRAM CONTINUES WITH WEEKLY WORKSHOPS, GUEST PRESENTATIONS FROM INDUSTRY EXPERTS, AND IN-PERSON EVENTS AT THE END OF EACH PHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanette Yap President/director | OfficerTrustee | 10 | $0 |
Zachary Pang Treasurer/secretary/director | OfficerTrustee | 10 | $0 |
Summer Kapanui Director | Trustee | 10 | $0 |
Carrington Yap Vice President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,500 |
| Total Program Service Revenue | $0 |
| 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 | $562,500 |
| 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. | $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 | $10,000 |
| Fees for services: Legal | $0 |
| 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 | $39,600 |
| Advertising and promotion | $1,990 |
| Office expenses | $214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,309 |
| 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 | $0 |
| All other expenses | $3,011 |
| Total functional expenses | $56,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,825 |
| 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 |
| 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 | $567,825 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $567,825 |
| Total liabilities and net assets/fund balances | $567,825 |