Hawaii Industry Stabilization Trust Fund
- Assets
- $6.6m
- Revenue
- $2.1m
- Investments
- $5.4m
- Employees
- 7
- Location
- Alameda, CA
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 99-0262008
Organization Overview
Hawaii Industry Stabilization Trust Fund is located in Alameda, CA. The organization was established in 1988. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Hawaii Industry Stabilization Trust Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Industry Stabilization Trust Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Hawaii Industry Stabilization Trust Fund generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE AND DEVELOP PROGRAMS AND SERVICES FOR HAWAII'S CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, DEVELOP & IMPLEMENT PROGRAMS, SERVICES & ACTIVITIES DESIGNED TO STRENGTHEN & ENHANCE THE UNION IN HAWAII'S CONSTRUCTION INDUSTRY BASED UPON AGREEMENTS BETWEEN EMPLOYERS & THE UNION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon M Ili Sr. Compliance Officer | 40 | $133,126 | |
Dwight Burns Compliance Officer | 40 | $128,450 | |
Lance Wilhelm Chairman | OfficerTrustee | 0.5 | $0 |
Russ Burns Jan-June Co- Chairman | OfficerTrustee | 0.5 | $0 |
Dan Reding Co- Chairman | OfficerTrustee | 0.5 | $0 |
Joyce Furukawa Trustee | Trustee | 0.5 | $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 | $1,833,813 |
| Investment income | $129,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $164,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,127,402 |
| 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. | $161,783 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,123 |
| Pension plan accruals and contributions | $249,748 |
| Other employee benefits | $114,542 |
| Payroll taxes | $55,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,872 |
| Fees for services: Accounting | $10,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,767 |
| Fees for services: Other | $21,552 |
| Advertising and promotion | $45,803 |
| Office expenses | $29,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,511 |
| Travel | $48,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,179 |
| Insurance | $23,861 |
| All other expenses | $0 |
| Total functional expenses | $1,469,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,743 |
| Savings and temporary cash investments | $23,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,355 |
| 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 | $11,641 |
| Net Land, buildings, and equipment | $96,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,398,524 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,577,083 |
| Accounts payable and accrued expenses | $97,978 |
| 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 | $97,978 |
| Net assets without donor restrictions | $0 |
| 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 | $6,479,105 |
| Total liabilities and net assets/fund balances | $6,577,083 |