Waikiki Business Improvement District Association
- Assets
- $2.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Honolulu, HI
- Founding
- 06/2001
- Data as of
- 06/2023
- EIN
- 99-0351832
Organization Overview
Waikiki Business Improvement District Association is located in Honolulu, HI. The organization was established in 2001. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Waikiki Business Improvement District Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waikiki Business Improvement District Association 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 06/2023, Waikiki Business Improvement District Association generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 7.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN WAIKIKI BY PROVIDING BUSINESSES, VISITORS, EMPLOYEES AND RESIDENTS OF WAIKIKI WITH A SAFE, CLEAN, AND ENJOYABLE ENVIRONMENT IN WHICH TO LIVE, WORK, AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STREETSCAPE MAINTENANCE PROGRAM, LAUNCHED IN MARCH 2001, PROVIDES DAILY CUSTODIAL AND LANDSCAPE MAINTENANCE SERVICES TO KEEP THE PUBLIC AREAS OF WAIKIKI CLEAN AND ATTRACTIVE.
THE RESEARCH AND PLANNING PROGRAM CONDUCTS STUDIES OF PUBLIC SIDEWALKS, STREET USAGE AND THE HOMELESS POPULATION IN WAIKIKI, AS WELL AS GENERAL RESEARCH ON WAIKIKI INDICATORS, AND BEST PRACTICES UTULIZING DATA FROM OTHER BUSINESS IMPROVEMENT DISTRICTS. THE PUBLIC IMPROVEMENTS PROGRAM WHICH DEVELOPS GUIDELINES AND ACTION PROGRAMS FOR SYSTEMATIC, INTEGRATED AND ONGOING DISTRICT-WIDE IMPROVEMENTS.
THE HOSPITALITY PROGRAM, STARTED IN JULY 2007, IS STAFFED BY ALOHA AMBASSADORS WHO SERVE AS HOSTS OF WAIKIKI AND PROVIDE INFORMATION, ASSISTANCE AND ALOHA TO EVERYONE THEY ENCOUNTER. THE AMBASSADORS ARE ALSO ALERT TO SAFETY AND SECURITY ISSUES AND WORK CLOSELY WITH THE HONOLULU POLICE DEPARTMENT.
THE SECURITY PROGRAM SUPPORTS ENHANCED POLICE PATROLS OF THE DISTRICT'S PUBLIC SIDEWALKS AND BEACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kosasa Chair | OfficerTrustee | 1 | $0 |
Patricia Tam Vice Chair | OfficerTrustee | 1 | $0 |
Bruce Nakaoka Vice Chair | OfficerTrustee | 1 | $0 |
Jason Ito Vice Chair | OfficerTrustee | 1 | $0 |
Mike Shaff Vice Chair | OfficerTrustee | 1 | $0 |
Adam Morris Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landscape Hawaii Inc Landscape Hawaii Inc Landscape Svcs | 6/29/23 | $524,118 |
Block By Block Llc Block By Block Llc Hospitality/sec | 6/29/23 | $2,611,293 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,534,623 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $483,500 |
| 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 | $4,018,123 |
| Total Program Service Revenue | $0 |
| Investment income | $1,536 |
| 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 | $4,019,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| 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. | $313,540 |
| Compensation of current officers, directors, key employees. | $171,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,700 |
| Pension plan accruals and contributions | $10,185 |
| Other employee benefits | $31,636 |
| Payroll taxes | $33,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,325 |
| Fees for services: Accounting | $10,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,968 |
| Advertising and promotion | $0 |
| Office expenses | $29,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,863 |
| Travel | $1,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,731 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,138 |
| Insurance | $14,767 |
| All other expenses | $117,291 |
| Total functional expenses | $4,862,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,351,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,723 |
| 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 | $14,728 |
| Net Land, buildings, and equipment | $5,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,599 |
| Other assets | $0 |
| Total assets | $2,634,856 |
| Accounts payable and accrued expenses | $349,565 |
| 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 | $57,253 |
| Total liabilities | $406,818 |
| Net assets without donor restrictions | $2,128,038 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,634,856 |
Grants Awarded
Over the last fiscal year, Waikiki Business Improvement District Association has awarded $87,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HONOLULU POLICE DEPARTMENT DIST 6 PURPOSE: ENHANCED PATROLS. | $75,000 |
WAIKIKI HEALTH PURPOSE: HOMELESS OUTREACH. | $12,500 |