Hamakua Institute
- Assets
- $774.6k
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Ninole, HI
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-3114047
Organization Overview
Hamakua Institute is located in Ninole, HI. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Hamakua Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamakua Institute 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 12/2023, Hamakua Institute generated $253.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $301.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT SCIENTIFIC, HISTORIC, PUBLIC POLICY, OR OTHER RESEARCH WITH SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Flemming President/ex | 36 | $72,000 | |
Tam Nguyen Vice Preside | 0.25 | $0 | |
Daniel Mccall Secretary | 0.25 | $0 | |
Nancy Gilbert Treasurer | 0.25 | $0 | |
Leanne Kami Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,302 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $75,261 |
| Pension plans, employee benefits | $34,533 |
| Interest | $8,820 |
| Taxes | $0 |
| Depreciation | $17,583 |
| Occupancy | $5,493 |
| Travel, conferences, and meetings | $8,657 |
| Printing and publications | $430 |
| Other expenses | $26,553 |
| Total operating and administrative expenses | $301,521 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $301,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,483 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,500 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $127,069 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $629,594 |
| Other assets | $0 |
| Total assets | $774,646 |
| Accounts payable and accrued expenses | $113,431 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $480,015 |
| Total liabilities | $593,446 |