Hawaii Iron Workers Stabilization Fund
- Assets
- $8.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Waipahu, HI
- Founding
- 11/1993
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Hawaii Iron Workers Stabilization Fund generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. 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 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 $1,396,642 AND FRINGE BENEFITS $313,317).
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 | $591,633 |
Joseph O'donnell Union Trustee | Trustee | 1 | $0 |
John Watanabe Employer Trustee | Trustee | 1 | $0 |
Edson Hoo Employer Trustee | Trustee | 1 | $0 |
Lincoln Naiwi Union Trustee | Trustee | 1 | $0 |
Arnold Wong Lobbyist | Officer | 40 | $158,054 |
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 | $1,416,641 |
| Investment income | $226,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,671,875 |
| 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. | $623,734 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $772,908 |
| Pension plan accruals and contributions | $184,112 |
| Other employee benefits | $129,205 |
| Payroll taxes | $54,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,681 |
| Fees for services: Accounting | $41,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,090 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $44,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,624 |
| Travel | $9,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,772 |
| Insurance | $15,289 |
| All other expenses | $0 |
| Total functional expenses | $2,141,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,477 |
| Savings and temporary cash investments | $262,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,460 |
| 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 | $5,906 |
| Investments—publicly traded securities | $7,513,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,296,769 |
| Accounts payable and accrued expenses | $137,873 |
| 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 | $137,873 |
| Net assets without donor restrictions | $8,158,896 |
| 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 | $8,296,769 |