What the amendment changed
Compared with the return it replaced , filed 17 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total expenses
- $1,165,181 changed to $1,161,936
- Total assets, end of year
- $1,470,464 changed to $1,470,564
- Total liabilities, end of year
- $191,660 changed to $196,515
- Net assets or fund balances, end of year
- $1,278,804 changed to $1,274,049
- Program services expenses
- $897,253 changed to $875,397
- Management and general expenses
- $267,928 changed to $286,539
- Program service expenses (Part III)
- $897,253 changed to $875,397
Totals
- Total revenue
- $1,053,805
- Total expenses
- $1,161,936
- Contributions and grants received
- $981,663
- Grants paid
- $18,410
- Program service revenue
- $71,540
- Investment income
- $602
- Other revenue
- $0
- Total assets, end of year
- $1,470,564
- Total liabilities, end of year
- $196,515
- Net assets or fund balances, end of year
- $1,274,049
- Program services expenses (Part IX)
- $875,397
- Management and general expenses
- $286,539
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $875,397
Program services were 75.3% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$981,663
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Program Fees
total $14,500 · related or exempt $14,500 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $57,040 · related or exempt $57,040 · unrelated business $0 · excluded $0
-
3 · Investment income
total $602 · related or exempt $602 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $18,410 · program services $18,410
-
5 · Compensation of officers, directors and key employees
total $289,008 · program services $208,009 · management and general $80,999
-
7 · Other salaries and wages
total $285,339 · program services $202,105 · management and general $83,234
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $37,024 · program services $26,224 · management and general $10,800
-
10 · Payroll taxes
total $62,399 · program services $44,197 · management and general $18,202
-
11a · Fees: management
total $7,935 · program services $2,315 · management and general $5,620
-
11b · Fees: legal
total $4,000 · management and general $4,000
-
11c · Fees: accounting
total $0
-
11f · Fees: investment management
total $250 · management and general $250
-
11g · Fees: other
total $199,426 · program services $154,302 · management and general $45,124
-
12 · Advertising and promotion
total $11,018 · program services $2,164 · management and general $8,854
-
13 · Office expenses
total $745 · management and general $745
-
14 · Information technology
total $10,934 · program services $1,613 · management and general $9,321
-
16 · Occupancy
total $7,608 · program services $7,032 · management and general $576
-
17 · Travel
total $104,608 · program services $103,997 · management and general $611
-
20 · Interest
total $11,812 · management and general $11,812
-
23 · Insurance
total $1,973 · management and general $1,973
-
24a · Other expenses: Program Supplies
total $99,975 · program services $96,246 · management and general $3,729
-
24b · Other expenses: Professional Developement
total $8,821 · program services $8,563 · management and general $258
-
24c · Other expenses: Business Fees
total $651 · program services $220 · management and general $431
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,221,389 · end of year $153,480
-
2 · Savings and temporary cash investments
end of year $957,749
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $37,992 · end of year $28,235
-
13 · Investments: program-related
beginning of year $311,000 · end of year $331,100
-
17 · Accounts payable and accrued expenses
beginning of year $38,201 · end of year $48,083
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $148,432
-
25 · Other liabilities
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $874,284 · end of year $624,918
-
28 · Net assets with donor restrictions
beginning of year $507,896 · end of year $649,131
Mission and programs · 2024
Mission
Education and capacity building for both the entrepreneurs and funders (philanthropy, government, and private) that are collectively addressing social and environmental challenges in Hawaii.
Activities or mission (Part I)
Education and capacity building for social for profits and nonprofits, and for government, philanthropy, and the private sector addressing social and environmental challenges in Hawaii.
-
Hawaii Investment Ready capacity building through a cohort setting for Hawaii for profit and nonprofit social enterprises and leaders working to solve social and environmental challenges. Business coaching for cohort and program alumni post-program, year round.
Expenses $611,058
-
Direct Support programming to provide social enterprises with coaching and technical assistance in support of their organizational development and capitalization strategies.
Expenses $95,098 · Grants $6,000
-
Research & Narrative Shifting programming provides research, data, and strategy framework to support HIR's network of stakeholders in economic development.
Expenses $54,516
-
The remaining programs include Capital Deployment, Partnership & Partner Support, and Fiscal Sponsorships. Capital Deployment includes support for its Aina Aloha Economy Fund wholly-owned LLC subsidiary by providing technical assistance to support borrowers and portfolio management support. Partnership & Partner Support includes staff time to engage with other organizations and efforts aligned around social enterprise economic development and impact investing in Hawaii. Fiscal Sponsorship provides grant administration and expenditure responsibility to mission-aligned nonprofit and for-profit social enterprises in HIR's alumni and partner networks.
Expenses $114,725 · Grants $12,410
As filed on the 2024 return.
Listed in Part VII
-
Keoni Lee
Co-CEO
- Total calculated
- $175,000
- From this org
- $175,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $175,000
-
Darlene Tamanaha
Co-CEO
- Total calculated
- $104,144
- From this org
- $104,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lisa Kleissner
Board President
- Total calculated
- $0
- Hours/week
- 5
-
Neil Hannahs
Board Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Pia Chock
Director
- Total calculated
- $0
- Hours/week
- 5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I
- The Board approves compensation changes for the CEO/Co-CEO using available nonprofit compensation information and documents its approval in board records.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
Moolelo Hawaii - fiscally sponsored program of Kealopiko Inc
$12,410
Support for Moolelo Hawaii, a Native Hawaiian cultural storytelling and eco-fashion program providing economic opportunity for Native Hawaiian women on Molokai
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
'Aina Aloha Economy Fund LLC
Catalytic capital impact fund supporting Hawaii-based social enterprises · HI · income $10,727 · assets $120,100
Directly controlled by Hawaii Investment Ready
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202601989349300345
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