Tax Foundation Of Hawaii
- Assets
- $68.1k
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Honolulu, HI
- Founding
- 03/1955
- Data as of
- 12/2021
- EIN
- 99-0080329
Organization Overview
Tax Foundation Of Hawaii is located in Honolulu, HI. The organization was established in 1955. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Tax Foundation Of Hawaii employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tax Foundation Of Hawaii 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, Tax Foundation Of Hawaii generated $250.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $176.3k during the year ending 12/2021. 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
RESEARCH/EVALUATE STATE/LOCAL GOVERNMENT TAX/SPENDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMARY/ANALYSIS OF PENDING GOVERNMENT TAX/FINANCE LEGISLATION PROVIDED TO SUBSCRIBING MEMBERS, INSTITUTIONS, AND PUBLIC OFFICIALS. CONDUCT RELATED BRIEFINGS DURING LEGISLATIVE SESSION TO INFORM MEMBERS AND GENERAL PUBLIC OF PENDING LEGISLATION. DISSEMINATE STATISTICAL INFORMATION/RESEARCH VIA WEEKLY COMMENTARY.
CONDUCT CLASSES ON RELEVANT TAX & FINANCE ISSUES. THESE CLASSES ARE MADE AVAILABLE TO THE GENERAL PUBLIC INCLUDING LAWMAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Yamachika Executive Director/president | Officer | 40 | $46,662 |
Jade Mcmillen Office Manager/ Assistant Secretary | Officer | 30 | $37,678 |
Dennis Brown Director | Trustee | 2 | $0 |
Helen Chang Director | Trustee | 0 | $0 |
Ronald I Heller Director | Trustee | 2 | $0 |
Ku'uhaku Park Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $136,164 |
| Fundraising events | $1,020 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,560 |
| Total Program Service Revenue | $1,987 |
| Investment income | $0 |
| 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 | $463 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,010 |
| 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. | $140,569 |
| Compensation of current officers, directors, key employees. | $29,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $5,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $1,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,645 |
| All other expenses | $796 |
| Total functional expenses | $176,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $121 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,114 |
| Accounts payable and accrued expenses | $4,581 |
| 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 | $71,700 |
| Other liabilities | $0 |
| Total liabilities | $76,281 |
| Net assets without donor restrictions | -$8,167 |
| 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 | $68,114 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tax Foundation Of Hawaii has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Marshall And Yuko Hung Foundation Honolulu, HI PURPOSE: CHARITABLE | $750 |
Marshall And Yuko Hung Foundation Honolulu, HI PURPOSE: CHARITABLE | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Forward USA Action Palo Alto, CA | $3,267,542 | $13,185,535 |
National Assn Of Latino Elected Officials Naleo Education Fund Los Angeles, CA | $12,943,272 | $12,556,474 |
Independent Institute Oakland, CA | $9,389,150 | $4,554,919 |
Hawaii Health Information Exchange Honolulu, HI | $1,431,144 | $3,117,327 |
Neighbors For A Better San Francisco San Rafael, CA | $447,090 | $1,822,159 |
East Bay Alliance For A Sustainable Economy Oakland, CA | $3,976,176 | $2,906,453 |
Livable City San Francisco, CA | $814,657 | $1,275,639 |
Grassroot Institute Of Hawaii Inc Honolulu, HI | $448,367 | $1,217,027 |
Community Financial Resources Oakland, CA | $2,244,182 | $1,081,485 |
Goodly Institute Benicia, CA | $3,277 | $0 |
California Policy Group Sacramento, CA | $151,673 | $225,000 |
Science Of Diversity And Inclusion Initiative Claremont, CA | $57,070 | $0 |