Hawaii Business Roundtable Inc
- Assets
- $262.1k
- Revenue
- $376.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Honolulu, HI
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 99-0236405
Organization Overview
Hawaii Business Roundtable Inc is located in Honolulu, HI. The organization was established in 1985. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Hawaii Business Roundtable Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Business Roundtable Inc 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 Business Roundtable Inc generated $376.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $394.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) 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 THE OVERALL ECONOMIC ACTIVITY AND SOCIAL HEALTH OF HAWAII
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF HAWAII ECONOMIC RESEARCH ORGANIZATION (UHERO)THE HAWAII BUSINESS ROUNDTABLE HAS BECOME UHERO'S TOP (KAWEIL'U) SPONSOR. THE GOAL OF THE SPONSORSHIP IS TO HELP UHERO BUILD ON ITS EXISTING STRENGTHS TO CONDUCT MORE INDEPENDENT ECONOMIC ANALYSIS OF THE HAWAII ECONOMY AND ECONOMIC POLICY. RESEARCH REPORTS ARE PROVIDED ON A REGULAR BASIS AND SHARED WITH THE COMMUNITY AT LARGE.
ECONOMIC DEVELOPMENT ALLIANCE OF HAWAIIEDAH PREPARES THE HAWAII COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) WHICH INVOLVES A COLLABORATIVE PROCESS ENGAGING NUMEROUS STAKEHOLDERS TO RESPONSIBLY STEWARD HAWAII'S RESOURCES AND MANAGE ECONOMIC GROWTH TO ENSURE STABLE LONG-TERM ECONOMIC VITALITY FOR ALL RESIDENTS OF THE STATE. THE CEDS PROCESS UTILIZES CLUSTER-BASED STRATEGIES WHICH IDENTIFIED ACTIONABLE INITIATIVES AT THE LOCAL (COUNTY) LEVEL THAT NURTURE ECONOMIC RESILIENCE AND GROWTH. EACH CEDS IS DEVELOPED FOR A 5-YEAR PERIOD WITH THE GOAL OF PROMOTING ECONOMIC DIVERSIFICATION AND LONG-TERM STABILITY WHICH BENEFIT ALL OF HAWAII'S PEOPLE.
MARK TAKAI TRANSITION CENTER BEST PRACTICES CONFERENCETRANSITIONING TO A NEW SCHOOL CAN BE A CHALLENGE FOR MANY CHILDREN. LEAVING EVERYTHING THEY ARE ACCUSTOMED TO AND THE UNCERTAINTY OF MAKING NEW FRIENDS CAN TAKE A TOLL, EMOTIONALLY AND SOCIALLY. THESE CENTERS PROVIDE A SAFE AND STABLE FOUNDATION FOR ALL STUDENTS. THE HAWAII BUSINESS ROUNDTABLE, THE HAWAII STATE DEPARTMENT OF EDUCATION AND US INDOPACOM PARTNER TO SUPPORT THE MARK TAKAI TRANSITION CENTER BEST PRACTICES CONFERENCE. THE CONFERENCE ALLOWS TRANSITION CENTER PERSONNEL TO EXCHANGE INFORMATION AND BEST PRACTICES WITH EACH OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Ashlock Director | Trustee | 0.1 | $0 |
Lynn Babington Director | Trustee | 0.1 | $0 |
Chris Benjamin Director | Trustee | 0.1 | $0 |
David Bissell Director | Trustee | 0.1 | $0 |
Tom Calame Director | Trustee | 0.1 | $0 |
David Carey Director | Trustee | 0.1 | $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 | $80 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80 |
| Total Program Service Revenue | $376,000 |
| Investment income | $60 |
| 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 | $376,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| 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. | $145,759 |
| Compensation of current officers, directors, key employees. | $28,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,212 |
| Payroll taxes | $14,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $439 |
| Office expenses | $22,178 |
| Information technology | $3,246 |
| Royalties | $0 |
| Occupancy | $28,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,636 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,286 |
| All other expenses | $0 |
| Total functional expenses | $394,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,102 |
| 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 | $0 |
| 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 | $262,102 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $262,102 |
| 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 | $262,102 |
Grants Awarded
Over the last fiscal year, Hawaii Business Roundtable Inc has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF HAWAII ECONOMIC RESEARCH ORG (UNIVERSITY OF HAWAII FOUNDATION) PURPOSE: INDEPENDENT RESEARCH & ANALYSIS OF HAWAII'S ECONOMY | $65,000 |
THE MAKAUKAU (WE ARE READY) CAMPAIGN PURPOSE: EDUCATE THE PUBLIC THAT HAWAII IS READY TO REOPEN TO VISITORS | $25,000 |