Maui Food Technology Center Inc
- Assets
- $89.5k
- Revenue
- $337.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Kula, HI
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 04-3795644
Organization Overview
Maui Food Technology Center Inc is located in Kula, HI. The organization was established in 2006. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maui Food Technology Center Inc 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 12/2022, Maui Food Technology Center Inc generated $337.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $440.5k during the year ending 12/2022. While expenses have increased by 32.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, EDUCATE AND CREATE OPPORTUNITES FOR ENTREPRENEURS SEEKING TO EARN A LIVING THROUGH VALUE-ADDED PRODUCETS, AGRICULTURE, CULTURAL PRACTICES, ENVIRONMENTAL SUSTAINABILITY, TECHNOLOGY AND ECONOMIC DIVERSIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTY OF MAUI - DHHC AND OED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Watanabe Member | Officer | 1 | $0 |
Nina Ann Tanabe Vice President | Officer | 10 | $0 |
Frank Derego Member | Officer | 1 | $0 |
Wayne Wong Treasurer | Officer | 1 | $0 |
Luana Mahi President | Officer | 40 | $0 |
Linn Nishikawa Secretary | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,144 |
| 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 | $147,144 |
| Total Program Service Revenue | $190,784 |
| Investment income | $0 |
| 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 | $337,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $418,085 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,758 |
| Office expenses | $11,990 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,873 |
| All other expenses | $0 |
| Total functional expenses | $440,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,796 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,506 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $89,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ccof Foundation Santa Cruz, CA | $1,005,183 | $1,416,500 |
Inc Nutrition Research And Education Foundation Winters, CA | $1,600,180 | $425,971 |
Global Action Research Center San Diego, CA | $460,239 | $793,991 |
Oakland Institute Oakland, CA | $2,665,095 | $692,885 |
True Organic Inc Sacramento, CA | $89,196 | $538,330 |
Maui Food Technology Center Inc Kula, HI | $89,506 | $337,928 |
Agriculture Fairness Alliance Playa Vista, CA | $59,611 | $0 |
Santa Monica Foundation For Nutritional Research Los Angeles, CA | $0 | $47,500 |
Hawaii Seed Koloa, HI | $189,345 | $0 |
Canning Peach Mechanization Research Fund Sacramento, CA | $426,821 | $642 |
California Alfalfa And Forage Research Foundation Sacramento, CA | $75,355 | $0 |
Coffee Science Foundation Irvine, CA | $439,704 | $0 |