Hawaii Iron Workers Stabilization Fund
- Assets
- $9.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Waipahu, HI
- Founding
- 11/1993
- Data as of
- 06/2021
- EIN
- 99-0301705
Organization Overview
Hawaii Iron Workers Stabilization Fund is located in Waipahu, HI. The organization was established in 1993. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, Hawaii Iron Workers Stabilization Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Iron Workers Stabilization 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 06/2021, Hawaii Iron Workers Stabilization Fund generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. 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
TO PROMOTE AND DEVELOP PROGRAMS, SERVICES, AND ACTIVITIES DESIGNED TO STRENGTHEN AND ENHANCE THE ABILITY OF CONTRACTORS, TRADESMEN, APPRENTICES, AND TRAINERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MEET WITH GOVERNMENT AGENCIES TO MONITOR ON-GOING LEGISLATION REGARDING CONSTRUCTION (SALARIES $1,229,203 AND FRINGE BENEFITS $219,626).
TO PROVIDE POTENTIAL EMPLOYERS WITH INFORMATION REGARDING PROGRAMS ON SAFETY, HEALTH, AND JOB TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T George Paris Executive Director | Trustee | 40 | $619,400 |
Anthony Paris Lobbyist | 40 | $147,132 | |
Arnold Wong Lobbyist | 40 | $142,074 | |
Melvin Kahele Lobbyist | 40 | $131,517 | |
Clyde Hayashi Lobbyist | 40 | $106,298 | |
Kathleen Tanna Administrative Assistant | 40 | $101,606 |
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 | $1,655,734 |
| Investment income | $232,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $236,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,125,121 |
| 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. | $619,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $609,803 |
| Pension plan accruals and contributions | $139,865 |
| Other employee benefits | $79,761 |
| Payroll taxes | $65,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,116 |
| Fees for services: Accounting | $37,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,729 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,624 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,181 |
| Insurance | $13,946 |
| All other expenses | $0 |
| Total functional expenses | $1,744,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,939 |
| Savings and temporary cash investments | $355,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,046 |
| 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 | $7,677 |
| Investments—publicly traded securities | $8,297,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,552,350 |
| Accounts payable and accrued expenses | $69,474 |
| 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 | $69,474 |
| Net assets without donor restrictions | $9,482,876 |
| 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 | $9,552,350 |