Aio Foundation
- Assets
- $14.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 94-3278794
Organization Overview
Aio Foundation is located in Honolulu, HI. The organization was established in 1998. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, 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. Aio 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 12/2021, Aio Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.9% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 64.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING TOGETHER LIKE-MINDED COMPANIES & COMMUNITY ORGANIZATIONS WHO ARE COMMITTED TO THE FUTURE OF HAWAII'S YOUTH & EDUCATION AND ELIMINATING THE CAUSES OF HAWAII'S HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN RESPONSE TO THE STATE'S GROWING HOMELESS CRISIS, KAHAUIKI VILLAGE IS A PLANTATION STYLE COMMUNITY DEVELOPMENT DESIGNED TO HOUSE HAWAII'S HOMELESS FAMILIES. KAHAUIKI VILLAGE IS A GROUNDBREAKING INITIATIVE THAT MAXIMIZES PUBLIC AND PRIVATE RESOURCES TO IMPLEMENT A LONG-TERM STRATEGY AIMED TO ACHIEVE THE FOLLOWING OUTCOMES: PROVIDE HOMES FOR HOMELESS FAMILIES; PROVIDE EMPLOYMENT OPPORTUNITIES WITHIN WALKING DISTANCE FOR HOMELESS PARENTS; OFFER ACCOMODATION OPTIONS FOR EXTENDED FAMILIES. KAHAUIKI VILLAGE IS A PROPOSED COMMUNITY OF APPROXIMATELY 150 ONE AND TWO BEDROOM HOMES. WHEN COMPLETED, KAHAUIKI VILLAGE IS EXPECTED TO HOUSE OVER 600 ADULTS AND CHILDREN. AT THE END OF 2019, 30 UNITS WERE CONSTRUCTED AND COMPLETED.
A PROGRAM IN THE STATE OF HAWAII THAT ASSISTS AND FACILITATES THE SPELLING BEE COMPETITIONS. THE PROGRAM ALSO SERVES TO ASSIST THE STATE'S ELIGIBLE WINNERS TO GO TO REGIONAL AND NATIONAL COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oliveira Jaime Kinoshita Director/secretary | OfficerTrustee | 5 | $0 |
Kurisu Duane Director/president | OfficerTrustee | 5 | $0 |
Mel Kaneshige Director/vice President | OfficerTrustee | 5 | $0 |
Ken Miyasato Director/treasurer | OfficerTrustee | 5 | $0 |
Susan Eichor Director | Trustee | 5 | $0 |
John Dean Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Photonworks Engineering Llp Bldg Construction | 12/30/20 | $512,962 |
Rmy Construction Inc Bldg Construction | 12/30/20 | $386,489 |
Upspring Media Llc Hec Digital Services | 12/30/20 | $160,774 |
Newmark Grubb Cbi Inc Property Management | 12/30/20 | $143,122 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $470,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,890 |
| Total Program Service Revenue | $1,291,800 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $82 |
| 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 | $2,005,997 |
| 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 | $630 |
| Fees for services: Accounting | $23,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,768 |
| Advertising and promotion | $177 |
| Office expenses | $113 |
| Information technology | $4,375 |
| Royalties | $0 |
| Occupancy | $1,541,740 |
| Travel | $68 |
| 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 | $350,485 |
| Insurance | $20,355 |
| All other expenses | $1,407 |
| Total functional expenses | $2,040,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $671,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,141 |
| 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 | $14,230,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,905,187 |
| Accounts payable and accrued expenses | $34,866 |
| 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 | $110,980 |
| Total liabilities | $145,846 |
| 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 | $14,759,341 |
| Total liabilities and net assets/fund balances | $14,905,187 |
Grants Awarded
Over the last fiscal year, Aio Foundation has awarded $648,949 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: CONFERENCE | $632,099 |
Honolulu, HI PURPOSE: DONATION | $16,850 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Aio Foundation has recieved totaling $458,791.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO GIFT THE NAALEHU THEATER PROPERTY TO THE AIO FOUNDATION AND PROVIDE SUPPORT FOR REPAIRS AND MAINTENANCE OF THE FACILITY FOR FUTURE COMMUNITY USE. | $193,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO PROVIDE SUPPORT FOR REPAIRS AND MAINTENANCE OF THE NAALEHU THEATER FOR FUTURE COMMUNITY USE. | $150,000 |
Nec Foundation Of Americas Irving, TX PURPOSE: EDUCATIN | $50,000 |
Arcadia Foundation Honolulu, HI PURPOSE: FUND PLAYGROUND AT KAHAUIKI VILLAGE WHICH IS A COMMUNITY FOR LOCAL FAMILIES WHO HAVE FACED HOMELESSNESS | $30,757 |
Clarence T C Ching Foundation Honolulu, HI PURPOSE: GENERAL PROGRAM SUPPORT | $15,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aio Foundation Honolulu, HI | $14,905,187 | $2,005,997 |
Usa Softball Of Southern California Oceanside, CA | $1,424,785 | $2,131,039 |
Elite Soccer League Inc Laguna Hills, CA | $277,494 | $1,692,271 |
Bay City Basketball San Francisco, CA | $654,772 | $1,283,748 |
Greater Sacramento Softball Assoc Citrus Heights, CA | $1,032,835 | $975,286 |
Westside Bullets Softball Club Newman, CA | $21,395 | $851,346 |
Alameda Soccer Club Inc Alameda, CA | $389,014 | $884,159 |
Williams S Hart Boys Baseball League Inc Santa Clarita, CA | $4,009,801 | $871,927 |
Simi Youth Baseball Inc Simi Valley, CA | $664,515 | $764,350 |
Westhills Baseball Inc West Hills, CA | $287,955 | $628,282 |
Encino Baseball Inc Encino, CA | $231,916 | $540,834 |
Nor Cal Batbusters Lodi, CA | $4,360 | $506,031 |