Pacific International Center For High Technology Research is located in Honolulu, HI. The organization was established in 1986. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2023, Pacific International Center For High Technology Research employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific International Center For High Technology Research 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 09/2023, Pacific International Center For High Technology Research generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (28.2%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.TO ACCELERATE TECHNOLOGY COMMERCIALIZATION, STRENGTHEN THE SAFETY AND SECURITY OF THE HAWAIIAN ISLANDS, AND EXPAND ECONOMIC OPPORTUNITIES IN HAWAII AND THROUGHOUT THE PACIFIC. ON OCTOBER 23, 1985, PICHTR WAS INCORPORATED AS A NONPROFIT EDUCATIONAL AND RESEARCH INSTITUTION AS PERMITTED BY THE ENABLING STATUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT - PICHTR'S WORKFORCE DEVELOPMENT EFFORTS INVOLVES DIVERTING ECONOMY DEPENDENCY ON HISTORICALLY LOW-PAYING HOSPITALITY INDUSTRY TO STEM-RELATED OCCUPATIONS. WORKING WITH DEPARTMENT OF LABOR, PICHTR HAS COORDINATED EFFORTS WITH OUR PARTNERS TO DEVELOP THE WORKFORCE AND TRAINING PROGRAMS AMONG TARGET COMMUNITY FOR CESSPOOL REPLACEMENT TO ADDRESS THE ENVIRONMENTAL AND HUMAN HEALTH ISSUES ON THE EXISTING CESSPOOLS THAT RELEASE SEWAGE INTO THE GROUND, THREATENING PUBLIC HEALTH BY CONTAMINATING THE ISLANDS' DRINKING WATER AND DISRUPTING COASTAL ECOSYSTEMS THAT ARE A FUNDAMENTAL PART OF HAWAIIAN CULTURAL AND ECONOMIC IDENTITY. PICHTR HAS ALSO DEVELOPED EDUCATION AND TRAINING PROGRAMS TO SUPPORT WORKFORCE DEVELOPMENT WITH THE DEPARTMENT OF EDUCATION AND DEPARTMENT OF TRANSPORTATION. THESE PROGRAMS WILL INCLUDE INCORPORATING ARTIFICIAL INTELLIGENCE AND NEW TECHNOLOGY TO ENHANCE WORKFORCE SKILLS FOR NEW, EXISTING, AND PROSPECTIVE EMPLOYEES.
CLEAN AND RENEWABLE ENERGY - PICHTR'S EFFORT TO DEVELOP NEW TECHNOLOGIES IS FOCUSED ON CLEAN ENERGY. PICHTR IS HELPING HAWAII MEET STRICT STATE GOVERNMENT MANDATES TO INCREASE THE USE OF CLEAN ENERGY AND ASSIST COMPANIES TO DEVELOP AND COMMERCIALIZE RENEWABLE-ENERGY SOLUTIONS.
FISCAL AND ADMINISTRATIVE SUPPORT - PICHTR SUPPORTS ENTREPRENEURS IN BRINGING NEW TECHNOLOGIES TO MARKET. OUR EFFORTS RANGE FROM ASSISTING COMPANIES WITH BUSINESS DEVELOPMENT, SECURING FUNDING THROUGH TECHNOLOGY INVESTMENT AND FEDERAL INITIATIVES, COMMERCIALIZATION OF NEW TECHNOLOGIES, AND CONTRACT AND ADMINISTRATIVE MANAGEMENT ACTIVITIES TO ENSURE EFFICIENT PROCEDURES ARE IN PLACE TO MEET PROJECT OR PROGRAMMATIC DEADLINES, MILESTONES, AND DELIVERABLES. PICHTR ASSISTS ORGANIZATIONS AND COMPANIES IN COORDINATING CONFERENCES AND MEETINGS TO FACILITATE COMMUNITY NETWORKING AND PARTNERSHIP OPPORTUNITIES. COORDINATION INCLUDES: ASSESSING MEETING THEMES, PREPARING EXHIBITOR AND SPONSOR LOGISTICS, SPEAKER INVITATIONS, CHOOSING MEETING VENUE, SETTING UP ON-SITE LOGISTICS (SUCH AS MEETING ROOMS, AUDIO VISUAL NEEDS, ETC.), PREPARING MEETING AGENDA, INFORMATION FLYERS/BROCHURES, MAINTAINING REGISTRATION INFORMATION, COLLECTING REGISTRATION FEES AND MAKING PAYMENT OF CONFERENCE EXPENSES.
CLIMATE ADAPTATION AND RESILIENCY - PICHTR'S CLIMATE ADAPTATION COLLECTIVE PROJECT TACKLES BARRIERS TO CLIMATE CHANGE ADAPTATION BY PROVIDING CAPACITY BUILDING AND ADVOCACY TO DECISION-MAKERS AND THE GENERAL PUBLIC TO ENABLE FORWARD PROGRESS ON THE MOST CRITICAL CHANGE ADAPTATION INITIATIVES. CAPACITY BUILDING INITIATIVES ARE FOCUSED ON INCREASING AWARENESS AND UNDERSTANDING OF CLIMATE CHANGE ADAPTATION CHALLENGES, SOLUTIONS AND OPPORTUNITIES FOR HAWAII. ADVOCACY EFFORTS ARE FOCUSED ON PROVIDING SUPPORT FOR AND RECOMMENDATIONS ON CLIMATE CHANGE ADAPTATION INITIATIVES AND POLICIES THAT WILL STRENGTHEN HAWAII'S RESILIENCE AND ECONOMY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dennis Teranishi Director/president/ceo | OfficerTrustee | 20 | $104,574 |
Brennon Morioka Chairman | Trustee | 1 | $0 |
Masakazu Toyoda Director | Trustee | 1 | $0 |
Paul Yonamine Director | Trustee | 1 | $0 |
David Lassner Director | Trustee | 1 | $0 |
Duane Kurisu Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Elemental Excelerator Research Subcontractor | 9/29/20 | $667,255 |
Blue Planet Energy System Research Subcontractor | 9/29/20 | $207,200 |
Goelectric Research Subcontractor | 9/29/20 | $150,000 |
Blyncy Research Subcontractor | 9/29/20 | $189,504 |
Via Science Inc Research Subcontractor | 9/29/20 | $130,023 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $593,518 |
All other contributions, gifts, grants, and similar amounts not included above | $70,470 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $663,988 |
Total Program Service Revenue | $509,644 |
Investment income | $67,779 |
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 | $1,241,450 |
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. | $245,752 |
Compensation of current officers, directors, key employees. | $152,298 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $218,387 |
Pension plan accruals and contributions | $46,112 |
Other employee benefits | $171,935 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $32,073 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $228,668 |
Advertising and promotion | $1,233 |
Office expenses | $25,607 |
Information technology | $6,282 |
Royalties | $0 |
Occupancy | $109,050 |
Travel | $7,073 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $24,755 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $57,798 |
All other expenses | $0 |
Total functional expenses | $1,378,141 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,499 |
Savings and temporary cash investments | $2,042,272 |
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 | $11,271 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $113,689 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $197,259 |
Total assets | $2,365,990 |
Accounts payable and accrued expenses | $150,094 |
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 | $51,429 |
Total liabilities | $201,523 |
Net assets without donor restrictions | $2,164,467 |
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 | $2,365,990 |