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Nonprofiteer
← DAVID C AI CRAT 05051996

Form 990 for tax year 2022

Filed by DAVID C AI CRAT 05051996.

Totals

Total revenue
$96,996
Total expenses
$316,582
Contributions and grants received
$0
Grants paid
$79,000
Program service revenue
$0
Investment income
$22,509
Other revenue
$74,487
Total assets, end of year
$9,123,580
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,123,580
Program services expenses (Part IX)
$79,000
Management and general expenses
$237,582
Fundraising expenses
$0
Program service expenses (Part III)
$79,000

Program services were 25.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $27,047 · excluded $27,047

  • 7a · Gross sales of assets other than inventory

    securities $221,237

  • 7b · Less cost or other basis and sales expenses

    securities $225,775

  • 7c · Gain or loss

    securities -$4,538

  • 7d · Net gain or loss

    total -$4,538 · excluded -$4,538

  • 11a · Other revenue: DISTRB FR CITY MILL CO

    total $74,487 · unrelated business $74,487

  • 11e · Other revenue, total

    $74,487

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $79,000 · program services $79,000

  • 11b · Fees: legal

    total $10,971 · management and general $10,971

  • 11c · Fees: accounting

    total $4,528 · management and general $4,528

  • 11f · Fees: investment management

    total $6,348 · management and general $6,348

  • 24a · Other expenses: FEDERAL UNREALATED BUSI

    total $182,000 · management and general $182,000

  • 24b · Other expenses: HAWAII UNREALATED BUSIN

    total $31,000 · management and general $31,000

  • 24c · Other expenses: REAL PROPERTY TAX

    total $1,754 · management and general $1,754

  • 24d · Other expenses: PENATLIES & INTEREST

    total $624 · management and general $624

  • 24e · All other expenses

    total $357 · management and general $357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,692 · end of year $17,367

  • 2 · Savings and temporary cash investments

    beginning of year $141,203 · end of year $39,198

  • 10a · Land, buildings and equipment: cost or other basis

    $79,500

  • 10c · Land, buildings and equipment, net

    beginning of year $79,500 · end of year $79,500

  • 11 · Investments: publicly traded securities

    beginning of year $1,153,871 · end of year $920,766

  • 12 · Investments: other securities

    beginning of year $2,708,426 · end of year $8,066,749

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,205,692 · end of year $9,123,580

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

"THE TRUSTEE SHALL DISTRIBUTE ALL OF THE NET INCOME OF THE CHARITABLE TRUST EACH YEAR AND MAY DISTRIBUTE SO MUCH OR ALL OF THE PRINCIPAL OF THE CHARITBALE TRUST AS IT DEEMS NECESSARY FOR THE CHARITABLE TRUST'S PURPOSES, CONSISTENT WITH THE LONG TERM NEEDS OF THE BENEFICIARIES." "PAYMENT SHALL BE MADE, FIRST, TO THE NUUANU YMCA, HONOLULU, HAWAII, TO FUND ITS TEEN FITNESS PROGRAM...". "ANY NET INCOME REMAINING AND ANY PRINCIPAL DISTRIBUTIONS THE TRUSTEE MAY DEEM NECESSARY SHALL BE DISTRIBUTED TO SUCH ONE OR MORE CHARITABLE ORGINIZATIONS LISTED ON EXHIBIT III ... IN SUCH AMOUNTS, AS THE TRUSTEE SHALL DETERMINE."

Activities or mission (Part I)

TO SUPPORT PROGRAMS OF A LOCAL YMCA BRANCH AND OTHER CHARITIES.

  • SEE THE FOLLOWING STATMENTS FOR PROGRAM SERVICE ACCOMPLISHMENTS.

  • YMCA TEEN FITNESS PROGRAM DISTRIBUTION OF 2021 INCOME

    Expenses $43,000 · Grants $43,000

  • SEVEN LOCAL CHARITIES DISTRIBUTION OF 2021 INCOME

    Expenses $36,000 · Grants $36,000

  • 2022 INCOME WILL BE DISTRIBUTED IN 2023

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carol Ai May

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven C Ai

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Val Iwashita

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Yates

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202342969349301914

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