Waimea Educational & Cultural Association
- Assets
- $316.8k
- Revenue
- $15.9k
- Investments
- $305.2k
- Employees
- 0
- Location
- Waimea, HI
- Founding
- 11/1958
- Data as of
- 06/2023
- EIN
- 99-6005136
Organization Overview
Waimea Educational & Cultural Association is located in Waimea, HI. The organization was established in 1958. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waimea Educational & Cultural 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, Waimea Educational & Cultural Association generated $15.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $22.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yukie Okino Secretary | 1 | $0 | |
Brian Yamase Director | 1 | $0 | |
Ray Ishihara Director | 1 | $0 | |
Calvin Shirai Director | 1 | $0 | |
Robert T Tanita Director | 1 | $0 | |
Clyde Nakaya Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,144 |
| Capital Gain Net Income | $1,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $343 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $4,951 |
| Contributions, gifts, grants paid | $17,666 |
| Total expenses and disbursements | $22,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475 |
| Savings and temporary cash investments | $11,152 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $316,818 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Waimea Educational & Cultural Association has awarded $20,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL ARIZONA COLLEGE PURPOSE: EDUCATION | $1,000 |
WAIMEA SENIOR CENTER PURPOSE: GENERAL | $1,000 |
WAIMEA UNITED CHURCH OF CHRIST PURPOSE: GENERAL | $1,000 |
WESTERN OREGON UNIVERSITY PURPOSE: EDUCATION | $1,000 |
UNIVERSITY OF HAWAII PURPOSE: EDUCATION | $1,000 |
KAUAI COMMUNITY COLLEGE PURPOSE: EDUCATION | $1,000 |