Honolulu Japanese Chamber Of Commerce
- Assets
- $415.8k
- Revenue
- $400.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Honolulu, HI
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 99-0043270
Organization Overview
Honolulu Japanese Chamber Of Commerce is located in Honolulu, HI. The organization was established in 1978. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Honolulu Japanese Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honolulu Japanese Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Honolulu Japanese Chamber Of Commerce generated $400.9k 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 (5.1%) each year. All expenses for the organization totaled $323.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC GROWTH IN HAWAII BASED UPON THE PRINCIPLE "MEMBERS SUPPORTING MEMBERS."
Describe the Organization's Program Activity:
Part 3 - Line 4a
76TH ANNUAL SHINNEN ENKAI NEW YEARS CELEBRATION: 81 MEMBERS AND GUESTS ATTENDED THE VIRTUAL PROGRAM. THE PROGRAM INCLUDED A RE-ENACTMENT OF A TRADITIONAL KABUKI PLAY BY PRMINENT BUSINESS MEMBERS. THE PURPOSE OF THIS EVENT IS MEMBERSHIP DEVELOPMENT AND TO PERPETUATE JAPANESE CULTURAL HERITAGE.
WEBINAR ON COVID-19 AND VACCINE EFFECTS ON THE COMMUNITY AND ON BUSINESSES. 54 MEMBERS PARTICIPATED IN THE SERIES OF WEBINARS
MEMBERSHIP DEVELOPMENT ACTIVITES - 35 MEMBERS PARTICIPATED IN A SAKE TASTING/FELLOWSHIP ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Ishihara President | Officer | 40 | $46,174 |
Melanie Okazaki Past Chair | Trustee | 0 | $0 |
Jason Ito Immediate Past Chair | Trustee | 1 | $0 |
Jodi Nozoe Chang Director | OfficerTrustee | 0.5 | $0 |
Karl Kobayashi Vice Chair | Trustee | 1 | $0 |
Myles Shibata Chair-Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,526 |
| Fundraising events | $71,373 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,255 |
| Noncash contributions included in lines 1a–1f | $62,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,154 |
| Total Program Service Revenue | $20,140 |
| Investment income | $1,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,130 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,879 |
| 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 | $177,570 |
| Pension plan accruals and contributions | $3,954 |
| Other employee benefits | $23,252 |
| Payroll taxes | $13,874 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,381 |
| Information technology | $17,572 |
| Royalties | $0 |
| Occupancy | $61,548 |
| 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 | $3,007 |
| Insurance | $2,376 |
| All other expenses | $0 |
| Total functional expenses | $323,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,392 |
| 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 | $17,764 |
| Net Land, buildings, and equipment | $1,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,784 |
| Accounts payable and accrued expenses | $1,508 |
| Grants payable | $0 |
| Deferred revenue | $82,538 |
| 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 | $84,046 |
| 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 | $331,738 |
| Total liabilities and net assets/fund balances | $415,784 |
Grants Awarded
Over the last fiscal year, Honolulu Japanese Chamber Of Commerce has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION PURPOSE: TO PROVIDE SCHOLARSHIPS TO QUALIFIED RECIPIENTS. | $20,000 |