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Nonprofiteer
← HAWAII CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2023

Filed by HAWAII CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$1,256,311
Total expenses
$667,558
Contributions and grants received
$1,243,311
Grants paid
$0
Program service revenue
$13,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,041,121
Total liabilities, end of year
$72,911
Net assets or fund balances, end of year
$968,210
Program services expenses (Part IX)
$637,657
Management and general expenses
$29,901
Fundraising expenses
$0
Program service expenses (Part III)
$637,657

Program services were 95.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,243,311

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $13,000 · related or exempt $13,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $302,743 · program services $302,743

  • 8 · Pension plan contributions

    total $6,603 · program services $6,603

  • 9 · Other employee benefits

    total $39,922 · program services $39,922

  • 10 · Payroll taxes

    total $39,144 · program services $39,144

  • 11c · Fees: accounting

    total $24,695 · management and general $24,695

  • 11g · Fees: other

    total $3,205 · management and general $3,205

  • 13 · Office expenses

    total $896 · management and general $896

  • 17 · Travel

    total $2,765 · program services $2,765

  • 24a · Other expenses: WORK BASED LEARNING PRO

    total $244,537 · program services $244,537

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $1,943 · program services $1,943

  • 24c · Other expenses: BANK FEES

    total $671 · management and general $671

  • 24d · Other expenses: MEALS & ENTERTAINMENT

    total $405 · management and general $405

  • 24e · All other expenses

    total $29 · management and general $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $464,032 · end of year $856,481

  • 3 · Pledges and grants receivable

    beginning of year $187,723 · end of year $184,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $272,298 · end of year $44,912

  • 19 · Deferred revenue

    end of year $10,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $17,999

  • 27 · Net assets without donor restrictions

    beginning of year $379,457 · end of year $968,210

Mission and programs · 2023

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE, LITERARY, EDUCATIONAL AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

TO BRING ABOUT THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS AND OTHER SUBJECTS RELATED TO IMPROVED EFFICIENCY, DEVELOPMENT AND ACCELERATION OF BOTH THE QUALITY AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENTOPPORTUNITIES IN THE STATE OF HAWAII.

  • QUEST DWG DLIR PROGRAM: PROVIDE JOB PLACEMENT SUPPORT FOR QUEST DISLOCATED WORKER GRANT AND FACILITATE SECTOR PARTNERSHIPS FOR HEALTHCARE, ENGINEERING, AND IT

    Expenses $484,935

  • HAWAII SUSTAINABILITY SUMMIT PROGRAM: IDENTIFY POLICY PRIORITIES, INITIATIVES, AND STRATEGIES WHICH FOCUS ON GREEN WORKFORCE AND EDUCATION, NATURAL RESOURCE MANAGEMENT, LOCAL FOOD CLEAN ENERGY TRANSFORMATION, SOLID WASTE REDUCTION, AND SMART SUSTAINABLE COMMUNITIES.

    Expenses $90,979

  • KS GRANT PROGRAM: SUPPORT SECTOR PARTNERSHIPS FOR HEALTHCARE, ENGINEERING, IT.

    Expenses $17,740

  • Expenses $44,003

As filed on the 2023 return.

Listed in Part VII

  • Ku'Uhaku Park

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Okabe

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Denise Yamaguchi

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mike Ching

    CHAIR OF BUDGET FINANCE AND INVESTMENT

    Total calculated
    $0
    Hours/week
    1

  • Sherry Menor-McNamara

    PRESIDENT & CEO

    Total calculated
    $324,839
    From this org
    $0
    From related orgs
    $308,569
    Other
    $16,270
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $308,569 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,270 related
    Filer's total
    $0 + $324,839 related

  • Jason Fujita

    2ND VICE CHAIR

    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. 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

None.

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

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

No itemized grants to organizations 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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349318337

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