Hawaii Lodging & Tourism Association
- Assets
- $663.5k
- Revenue
- $991.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Honolulu, HI
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 99-0078248
Organization Overview
Hawaii Lodging & Tourism Association is located in Honolulu, HI. The organization was established in 1957. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Hawaii Lodging & Tourism Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Lodging & Tourism Association 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 12/2022, Hawaii Lodging & Tourism Association generated $991.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 4 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 AND SUPPORT THE COMMON INTEREST OF ITS MEMBERS IN THE HOTEL INDUSTRY IN HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISCELLANEOUS PROGRAM SERVICES
OTHER PROGRAM SERVICES INCLUDE: CHAPTER LUNCHEONS, EDUCATIONAL MATERIALS, SEMINARS AND A STATEWIDE RECOGNITION LUNCHEON.
HLTA MEMBERSHIP DUES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mufi Hannemann President & | OfficerTrustee | 40 | $253,460 |
Thomas Foti Chairperson | OfficerTrustee | 2 | $0 |
Paul Toner Chairperson | OfficerTrustee | 2 | $0 |
Joshua Hargrove Vice Chair | OfficerTrustee | 2 | $0 |
Stephen Kaaa Treasurer | OfficerTrustee | 2 | $0 |
Glenn Vergara Past Chairpe | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $765,112 |
| Investment income | $5,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $766 |
| Net Income from Fundraising Events | $31,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,579 |
| 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. | $253,460 |
| Compensation of current officers, directors, key employees. | $253,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,360 |
| Pension plan accruals and contributions | $42,754 |
| Other employee benefits | $34,956 |
| Payroll taxes | $38,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,639 |
| Fees for services: Lobbying | $3,701 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $623 |
| Office expenses | $9,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,316 |
| Travel | $7,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622 |
| Insurance | $0 |
| All other expenses | $70,427 |
| Total functional expenses | $1,160,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,029 |
| Savings and temporary cash investments | $80,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,332 |
| 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 | $29,904 |
| Net Land, buildings, and equipment | $1,865 |
| Investments—publicly traded securities | $214,346 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,522 |
| Total assets | $663,479 |
| Accounts payable and accrued expenses | $37,065 |
| 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 | $108,472 |
| Total liabilities | $145,537 |
| Net assets without donor restrictions | $517,942 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $663,479 |