Waikiki Improvement Association Inc
- Assets
- $366.3k
- Revenue
- $656.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Honolulu, HI
- Founding
- 08/1968
- Data as of
- 12/2022
- EIN
- 99-0118423
Organization Overview
Waikiki Improvement Association Inc is located in Honolulu, HI. The organization was established in 1968. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Waikiki Improvement Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waikiki Improvement Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Waikiki Improvement Association Inc generated $656.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $654.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 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
DEVOTED TO IMPROVING THE PHYSICAL AND SOCIAL ENVIRONMENT OF WAIKIKI, HAWAII
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IMPLEMENTS AND MANAGES PROGRAMS FOR THE ENJOYMENT OF VISITORS AND RESIDENTS BY WORKING IN PARTNERSHIP WITH MEMBERS AND GOVERNMENT TO IDENTIFY NEEDS, DEVELOP STRATEGIES, SHAPE PUBLIC POLICY AND IMPLEMENT PROGRAMS TO STRENGTHEN THE PHYSICAL AND ECONOMIC VITALITY OF WAIKIKI. THE ASSOCIATION MANAGES THE SUNSET ON THE BEACH PROGRAM IN PARTNERSHIP WITH THE CITY & COUNTY OF HONOLULU. THE ASSOCIATION ALSO MANAGES IN COOPERATION WITH THE CITY & COUNTY OF HONOLULU THE TORCH LIGHTING AND HULA PERFORMANCES AT THE KUHIO BEACH MOUND; AND SPONSORS THE WAIKIKI NEW YEAR'S FIREWORKS DISPLAY. THE ASSOCIATION PRODUCES EVENTS SUCH AS WAIKIKI HULA (FKA INTERNATIONAL WAIKIKI HULA CONFERENCE) AND IS A CO-SPONSOR OF THE PAN-PACIFIC FESTIVAL. THE ASSOCIATION IS LEADING A PROJECT TO UPDATE AND REWRITE THE WAIKIKI SPECIAL DISTRICT DESIGN GUIDELINES. THE GOAL OF THE REVISIONS IS TO PROVIDE CLEAR GUIDANCE TO DEVELOPERS, ARCHITECTS AND PROVIDE THE CITY & COUNTY OF HONOLULU DEPARTMENT OF PLANNING AND PERMITTING WITH OBJECTIVE CRITERIA WITH WHICH TO EVALUATE PROJECTS IN WAIKIKI. IN MAY 2018, THE ASSOCIATION APPROVED ESTABLISHING THE WAIKIKI TRANSPORTATION MANAGEMENT ASSOCIATION. THE WAIKIKI TRANSPORTATION MANAGEMENT ASSOCIATION AND THE CITY & COUNTY OF HONOLULU'S DEPARTMENT OF TRANSPORTATION SERVICES ENTERED INTO A MEMORANDUM OF AGREEMENT TO ESTABLISH AN EFFECTIVE, EQUITABLE, SUSTAINABLE AND SAFE MECHANISM TO MANAGE THE CITY & COUNTY OF HONOLULU'S PUBLIC RIGHT OF WAY, PARKING FACILITIES AND RELATED INFRASTRUCTURE WITHIN WAIKIKI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Steiner Chair | OfficerTrustee | 1 | $0 |
Debi Bishop Vice Chair | OfficerTrustee | 1 | $0 |
Thomas Foti Chair | OfficerTrustee | 2 | $0 |
Alika Mau Vice Chair | OfficerTrustee | 1 | $0 |
Scott Miyasato Vice Chair | OfficerTrustee | 1 | $0 |
Irby Morvant Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $218,920 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,628 |
| Total Program Service Revenue | $0 |
| Investment income | $78 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $656,635 |
| 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. | $344,665 |
| Compensation of current officers, directors, key employees. | $58,959 |
| Compensation to disqualified persons | $6,115 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,388 |
| Payroll taxes | $20,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,660 |
| Advertising and promotion | $0 |
| Office expenses | $4,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,284 |
| Insurance | $2,554 |
| All other expenses | $754 |
| Total functional expenses | $654,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,010 |
| Savings and temporary cash investments | $147,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,397 |
| 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 | $62,829 |
| Net Land, buildings, and equipment | $853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,901 |
| Total assets | $366,325 |
| Accounts payable and accrued expenses | $97,732 |
| 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 | $0 |
| Total liabilities | $97,732 |
| Net assets without donor restrictions | $147,348 |
| Net assets with donor restrictions | $121,245 |
| 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 | $366,325 |