Id8
- Assets
- $892.5k
- Revenue
- $73.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 90-0813920
Organization Overview
Id8, operating under the name Bizgenics Foundation, is located in Honolulu, HI. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bizgenics Foundation 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 12/2023, Bizgenics Foundation generated $73.9k 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 (21.4%) each year. All expenses for the organization totaled $262.4k 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
ID8 FOSTERS IDEATION AND EXPRESSION TO CREATE POSITIVE IMPACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT SHAKA IS A MOVEMENT TO SHARE ALOHA WITH THE WORLD THROUGH THE SHAKA GESTURE. AS PART OF THIS PROGRAM, ID8 IS PRODUCING A FEATURE-LENGTH DOCUMENTARY ON THE ORIGIN, HISTORY AND MEANING OF THE SHAKA GESTURE. THE FILM WAS IN FULL PRODUCTION THROUGH 2023, SHOOTING 60+ INTERVIEWS AT VARIOUS LOCATIONS ON THE ISLAND OF OAHU. TYPICAL CREWS FOR SHOOTS RANGED FROM 2-6 IN 2023, MUSIC TEAM FEATURED 26 ARTISTS AND ENGINEERS, POST-PRODUCTION TEAM INCLUDED 10. IN ADDITION, THREE ID8 BOARD MEMBERS ALSO SERVE AS VOLUNTEER ASSOCIATE PRODUCERS ON THE PROJECT AND 6 OTHERS VOLUNTEERED ON THE PROJECT
PROJECT LEMON TREE IS A HANDS-ON MULTI-DISCIPLINARY, APPLIED STEM PROGRAM IN WHICH STUDENTS DESIGN AND BUILD THEIR OWN OUTDOOR CLASSROOM THROUGH A PROJECT-BASED CURRICULUM MODEL DEVELOPED BY ID8. PLT ALSO OFFERS A CITRUS TREE PURCHASING PROGRAM FOR RESIDENTS AND BUSINESSES. IN 2023 30 TREES WERE PLACE WITH RESIDENTS. BIZZYB IS AN INNOVATION LEARNING APP THAT FEATURES A LIBRARY OF ENTREPRENEURIAL EXPERIENCES FOR STUDENTS GRADES 7-12. A PROJECT BASED LEARNING PLATFORM. IT TEACHES POSITIVE BUSINESS VALUES AND PROVIDES STUDENTS WITH THE FRAMEWORK TO TRANSFORM IDEAS INTO ENTREPRENEURIAL REALITY.
ID8 STUDIOS AS A DIGITAL MEDIA SOUNDSTAGE HOSTED 41 PRODUCTIONS INCLUDING COMMERCIAL ADVERTISING, MUSIC VIDEO, PODCASTS, INDEPENDENT FILMS, INTERVIEWS, AUDITIONS, CASTING, COSTUME FITTINGS AND PRODUCT PHOTOGRAPHY. TYPICAL PRODUCTION CREW SIZES RANGE FROM 3 TO 30 MEMBERS.
STORYUARTS PRODUCED ONE EVENT, HAWAII SKETCH FEST, A LIVE SKETCH AND IMPROV COMEDY SHOW DEDICATED TO ELEVATING LOCAL COMEDIANS IN THE PERFORMING ARTS. 12 VOLUNTEERS AND 25 PERFORMERS WERE FEATURED IN TWO NIGHTTIME SHOWS WITH ATTENDANCE AT 300 PER SHOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Sue President | OfficerTrustee | 40 | $0 |
Christian Whitney Secretary | OfficerTrustee | 1 | $0 |
Tiffany Seigfried Treasurer | OfficerTrustee | 1 | $0 |
Ryan Ozawa Director | Trustee | 2 | $0 |
Jill Kuramoto Director | Trustee | 2 | $0 |
Sean Lavau Director | Trustee | 2 | $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 | $23,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,709 |
| Total Program Service Revenue | $49,077 |
| Investment income | $15 |
| 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 | $73,894 |
| 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 | $0 |
| Fees for services: Legal | $1,225 |
| Fees for services: Accounting | $22,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,008 |
| Advertising and promotion | $1,755 |
| Office expenses | $1,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,162 |
| Insurance | $2,970 |
| All other expenses | $567 |
| Total functional expenses | $262,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $68,484 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $752,668 |
| Other assets | $1,770 |
| Total assets | $892,451 |
| Accounts payable and accrued expenses | $42 |
| 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 | $671,816 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $671,858 |
| 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 | $220,593 |
| Total liabilities and net assets/fund balances | $892,451 |
Grants Awarded
Over the last fiscal year, Id8 has awarded $11,620 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COUNCIL ON ECONOMIC EDUCATION PURPOSE: General support | $6,000 |
ALOHA COUNCIL PURPOSE: General support | $5,620 |