Pacific And Asian Affairs Council
- Assets
- $767.7k
- Revenue
- $639.8k
- Investments
- $0.0
- Employees
- 22
- Location
- Honolulu, HI
- Founding
- 07/1960
- Data as of
- 06/2022
- EIN
- 99-0073501
Organization Overview
Pacific And Asian Affairs Council is located in Honolulu, HI. The organization was established in 1960. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Pacific And Asian Affairs Council employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific And Asian Affairs Council 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 06/2022, Pacific And Asian Affairs Council generated $639.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $492.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
TO PROMOTE A GREATER AWARENESS AND UNDERSTANDING OF FOREIGN AFFAIRS ISSUES WITH SPECIAL ATTENTION TO HAWAI'I'S ROLE IN THE ASIA-PACIFIC REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEMAN TRAVEL AND AFTER-SCHOOL PROGRAMS: (1) FREEMAN FOUNDATION TRAVEL PROGRAM PROVIDES FUNDS FOR HAWAII HIGH SCHOOL STUDENTS TO TRAVEL TO ASIA TO PROMOTE INTERNATIONAL EDUCATION IN HAWAII AND (2) AFTER-SCHOOL CLASS INITIATIVE. DUE TO THE COVID-19 PANDEMIC, NO TRAVEL PROGRAMS WERE ADMINISTERED THIS YEAR. IN THE FALL 2021 AND SPRING 2022 SEMESTERS, 41 STUDENTS PARTICIPATED IN THE AFTER-SCHOOL GLOBAL STUDIES CLASSES AT 2 PUBLIC HIGH SCHOOLS IN HAWAII. THE GRANT'S CLUB STRENGTHENING INITIATIVES IMPACTED 208 STUDENTS AND 7 TEACHERS.
OTHER HIGH SCHOOL PROGRAMS: PAAC COORDINATED AND IMPLEMENTED VIRTUAL, IN-PERSON, OR HYBRID AFTER-SCHOOL GLOBAL STUDIES CLASSES, MINI CONFERENCES, AN INTERSCHOOL CONFERENCE, AN ACADEMIC COMPETITION, LEADERSHIP WORKSHOPS. ALL ACTIVITIES PROVIDED STUDENTS WITH A SAFE ENVIRONMENT TO LEARN ABOUT CRITICAL GLOBAL ISSUES AND PREPARE THEM FOR AN INCREASINGLY INTERCONNECTED WORLD. FOR THE CURRENT FISCAL YEAR, 159 STUDENTS PARTICIPATED IN AFTER-SCHOOL GLOBAL STUDIES CLASSES AT 8 SCHOOLS, 236 PARTICIPATED IN MINI CONFERENCES, 24 PARTICIPATED IN THE INTERSCHOOL CONFERENCE, 46 PARTICIPATED IN WORLDQUEST, AND 10 PARTICIPATED IN LEADERSHIP WORKSHOPS.
ANNUAL MEETING - ANNUAL GLOBAL AFFAIRS DINNER FOR FURTHERANCE OF PAAC'S MISSION AND FUNDS FOR OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Kk Luke Chairman | OfficerTrustee | 1 | $0 |
C Scott Wo President | OfficerTrustee | 1 | $0 |
Ruth Limtiaco Past President | OfficerTrustee | 1 | $0 |
Roland Lagareta Vice President | OfficerTrustee | 1 | $0 |
Lauren Moriarty Vice President | OfficerTrustee | 1 | $0 |
Bryan Luke Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,886 |
| Fundraising events | $13,934 |
| Related organizations | $0 |
| Government grants | $351,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,422 |
| Noncash contributions included in lines 1a–1f | $13,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,397 |
| Total Program Service Revenue | $77,766 |
| Investment income | $14,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,310 |
| Net Income from Fundraising Events | $9,328 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| Grants and other assistance to domestic individuals. | $4,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,428 |
| Compensation of current officers, directors, key employees. | $16,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,173 |
| Pension plan accruals and contributions | $2,385 |
| Other employee benefits | $17,618 |
| Payroll taxes | $27,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,963 |
| 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 | $6,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,523 |
| Interest | $612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,684 |
| Insurance | $7,966 |
| All other expenses | $6,375 |
| Total functional expenses | $492,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,863 |
| Savings and temporary cash investments | $94,345 |
| Pledges and grants receivable | $60,216 |
| 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 | $9,780 |
| Net Land, buildings, and equipment | $8,053 |
| Investments—publicly traded securities | $357,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $767,716 |
| Accounts payable and accrued expenses | $16,072 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $24,222 |
| Total liabilities | $42,794 |
| Net assets without donor restrictions | $453,817 |
| Net assets with donor restrictions | $271,105 |
| 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 | $767,716 |