Hawaii Tapers Market Recovery Tr Fund
- Assets
- $501.9k
- Revenue
- $49.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 99-0324684
Organization Overview
Hawaii Tapers Market Recovery Tr Fund is located in Honolulu, HI. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Tapers Market Recovery Tr Fund is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Hawaii Tapers Market Recovery Tr Fund generated $49.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $82.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 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
TO STUDY, EXPLORE AND IMPLEMENT WAYS AND MEANS OF PROMOTING FAIR COMPETITION IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES - INDUSTRY PROMOTIONTO PROVIDE EMPLOYERS AND THEIR EMPLOYEES WITH OPPORTUNITIES TO STUDY/EXPLORE NEW AND INNOVATIVE APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS AND RECOVERING WORK TRADITIONALLY PERFORMED BY THEM. TO ASSIST EMPLOYERS AND THEIR EMPLOYEES IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS. TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT. TO ENHANCE THE INVOLVEMENT OF EMPLOYEES IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES. TO EXPAND AND IMPROVE WORKING RELATIONSHIPS BETWEEN EMPLOYERS AND THEIR EMPLOYEES. TO INVESTIGATE AND IMPLEMENT PROGRAMS DESIGNED TO PROTECT THE INTEGRITY OF THE TAPING INDUSTRY OF HAWAII AND THE WELFARE OF THE CONSUMER. TO ENGAGE IN ANY OTHER, LAWFUL ACTIVITIES INCIDENTAL OR RELATED TO THE ACCOMPLISHMENT OF THESE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Nihipali Emp Trustee | Trustee | 0.5 | $0 |
Anacleto 'lito' Alcantra Emp Trustee | Trustee | 0.5 | $0 |
Michael Mazzone Emp Trustee | Trustee | 0.5 | $0 |
John Frigillana Jr Union Trustee | Trustee | 0.5 | $0 |
Ryden Valmoja Union Trustee | Trustee | 0.5 | $0 |
Mario Manrique Jr Union Trustee | Trustee | 0.5 | $106,213 |
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 | $45,785 |
| Investment income | $12,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,573 |
| 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 | $55 |
| Fees for services: Accounting | $10,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $180 |
| All other expenses | $0 |
| Total functional expenses | $82,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,247 |
| 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 | $0 |
| Investments—publicly traded securities | $471,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,871 |
| Accounts payable and accrued expenses | $7,778 |
| 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 | $7,778 |
| Net assets without donor restrictions | $494,093 |
| 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 | $501,871 |