Hawaii Asia-Pacific Institute
- Assets
- $1.1m
- Revenue
- $58.8k
- Investments
- $942.4k
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 99-0302589
Organization Overview
Hawaii Asia-Pacific Institute, operating under the name Northeast Asia Economic Forum, is located in Honolulu, HI. The organization was established in 1993. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Asia Economic Forum 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 12/2021, Northeast Asia Economic Forum generated $58.8k 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 (21.5%) each year. All expenses for the organization totaled $63.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF INTERNATIONAL RELATIONS THROUGH ECONOMIC CONFERENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEAEF ANNUAL CONFERENCE AND ENERGY (AD HOC GROUP) MEETING:THE NORTHEAST ASIA ECONOMIC FORUM (NEAEF) CONDUCTS MISCELLANEOUS RESEARCH AND CONFERENCE ACTIVITIES AIMED AT FUNCTIONAL ECONOMIC COOPERATION SUCH AS CROSS-BORDER ENERGY, TRANSPORTATION AND LOGISTICS INFRASTRUCTURE DEVELOPMENT, CAPITAL MOBILIZATION. THE FORUM HOLDS ANNUAL CONFERENCES, WORKSHOPS AND SEMINARS FOR PLANNING, FACILITATING, COORDINATING, AND IMPLEMENTING INTERNATIONAL AND INTERDISCIPLINARY SOLUTIONS TO COMMON POLICY PROBLEMS.
YOUNG LEADERS PROGRAM: GIVEN THEIR STAKE IN THE REGION'S FUTURE AND THE IMPORTANCE OF CREATING A NETWORK AMONG ITS LEADERS, NEAEF IS COMMITTED TO ENCOURAGING THE EDUCATION, TRAINING, AND INPUT OF PROMISING YOUNG RESEARCHERS AND POLICYMAKERS OF NORTHEAST ASIA AND ASIA-PACIFIC. SINCE 2006, NEAEF HAS AWARDED FELLOWSHIPS TO ADVANCED STUDENTS AND YOUNG PROFESSIONALS FROM NORTHEAST ASIA AND THE U.S. TO PARTICIPATE IN THE NEAEF YOUNG LEADERS TRAINING AND RESEARCH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Nozomi Quinn Director/treasurer/secretary | OfficerTrustee | 4 | $0 |
Denise Eby Konan President/director | OfficerTrustee | 4 | $0 |
Jae Hyong Hong Director | Trustee | 4 | $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 | $15,000 |
| Investment income | $43,799 |
| 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 | $58,799 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,500 |
| Advertising and promotion | $0 |
| Office expenses | $5,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,969 |
| Savings and temporary cash investments | $82,075 |
| 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 | $746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $942,350 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,064,140 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $100,000 |
| 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 | $964,140 |
| Total liabilities and net assets/fund balances | $1,064,140 |
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