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Nonprofiteer
← CHAMBER OF COMMERCE OF HAWAII

Form 990 for tax year 2022

Filed by CHAMBER OF COMMERCE OF HAWAII.

Totals

Total revenue
$3,618,063
Total expenses
$3,631,098
Contributions and grants received
$696,902
Grants paid
$0
Program service revenue
$2,780,849
Investment income
$5,196
Other revenue
$135,116
Total assets, end of year
$3,675,709
Total liabilities, end of year
$1,646,298
Net assets or fund balances, end of year
$2,029,411
Program services expenses (Part IX)
$2,783,650
Management and general expenses
$481,002
Fundraising expenses
$366,446
Program service expenses (Part III)
$2,783,650

Program services were 76.7% 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

    $696,902

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,437,483 · related or exempt $1,437,483

  • 2b · Program service revenue: OTHER PROGRAMS/EVENTS

    total $1,341,237 · related or exempt $1,341,237

  • 2c · Program service revenue: OTHER REVENUE

    total $2,129 · related or exempt $2,129

  • 3 · Investment income

    total $5,196 · excluded $5,196

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $60,416 · related or exempt $60,416

  • 11b · Other revenue: ADMINISTRATIVE SERVICE

    total $60,000 · related or exempt $60,000

  • 11c · Other revenue: BOARD FEES

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

  • 11d · All other revenue

    total $1,700 · unrelated business $1,700

  • 11e · Other revenue, total

    $135,116

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $284,030 · program services $164,738 · management and general $59,646 · fundraising $59,646

  • 7 · Other salaries and wages

    total $1,108,549 · program services $642,957 · management and general $232,796 · fundraising $232,796

  • 8 · Pension plan contributions

    total $29,319 · program services $26,095 · management and general $2,345 · fundraising $879

  • 9 · Other employee benefits

    total $142,149 · program services $122,249 · management and general $9,950 · fundraising $9,950

  • 10 · Payroll taxes

    total $6,453 · program services $3,743 · management and general $1,355 · fundraising $1,355

  • 11b · Fees: legal

    total $18,629 · program services $16,581 · management and general $1,488 · fundraising $560

  • 11g · Fees: other

    total $448,350 · program services $399,031 · management and general $35,868 · fundraising $13,451

  • 12 · Advertising and promotion

    total $19,235 · program services $17,119 · management and general $1,539 · fundraising $577

  • 13 · Office expenses

    total $26,950 · program services $23,985 · management and general $2,156 · fundraising $809

  • 16 · Occupancy

    total $169,727 · program services $151,058 · management and general $13,577 · fundraising $5,092

  • 17 · Travel

    total $110,080 · program services $97,972 · management and general $8,806 · fundraising $3,302

  • 20 · Interest

    total $13,164 · program services $11,716 · management and general $1,053 · fundraising $395

  • 22 · Depreciation, depletion and amortization

    total $5,362 · program services $4,772 · management and general $429 · fundraising $161

  • 23 · Insurance

    total $18,254 · program services $16,246 · management and general $1,459 · fundraising $549

  • 24a · Other expenses: SEMINAR & MEMBER SUPPOR

    total $1,006,818 · program services $886,000 · management and general $90,614 · fundraising $30,204

  • 24b · Other expenses: PARKING

    total $46,960 · program services $41,795 · management and general $3,757 · fundraising $1,408

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $39,578 · program services $35,225 · management and general $3,166 · fundraising $1,187

  • 24d · Other expenses: TELEPHONE

    total $23,072 · program services $20,534 · management and general $1,846 · fundraising $692

  • 24e · All other expenses

    total $114,419 · program services $101,834 · management and general $9,152 · fundraising $3,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,901,830 · end of year $607,323

  • 2 · Savings and temporary cash investments

    beginning of year $134,403 · end of year $139,403

  • 4 · Accounts receivable

    beginning of year $301,920 · end of year $2,565,567

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,623 · end of year $84,309

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

    $171,881

  • 10b · Land, buildings and equipment: accumulated depreciation

    $147,063

  • 10c · Land, buildings and equipment, net

    beginning of year $11,073 · end of year $24,818

  • 15 · Other assets

    beginning of year $58,705 · end of year $254,289

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,364 · end of year $452,457

  • 19 · Deferred revenue

    beginning of year $140,244 · end of year $193,841

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $1,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,747,576 · end of year $1,732,131

  • 28 · Net assets with donor restrictions

    beginning of year $295,370 · end of year $297,280

Mission and programs · 2022

Mission

IMPROVE THE COMMUNITY ENVIRONMENT IN A MANNER WHICH BEST SERVES THEINTERESTS OF BOTH BUSINESS AND THE PUBLIC-AT-LARGE.

Activities or mission (Part I)

IMPROVE COMMUNITY ENVIRONMENT IN A MANNER WHICH BEST SERVES THE INTERESTS OF BOTH BUSINESS & PUBLIC

  • THE CHAMBER OF COMMERCE OF HAWAII SERVES AS AN INFORMATION RESOURCE TODEVELOP BUSINESS OPPORTUNITIES FOR ITS MEMBERSHIP. THE CHAMBER ALSOPROVIDES ACCESS TO THE BUSINESS COMMUNITY THROUGH MEMBERSHIPAFFLIATION, REPRESENTATION IN THE SOCIAL AND GOVERNMENTAL COMMUNITIES,AND INTERACTION THROUGH SEMINARS AND NETWORKING ACTIVITIES. THE CHAMBERSERVES TO IMPROVE THE BUSINESS CLIMATE THROUGH LOBBYING AND LEGISLATIVESUPPORT, NETWORKING, BUSINESS REFERRALS, BUSINESS COUNSELING,CONFERENCES AND SEMINARS AND COLLECTION AND DISSEMINATION OF RELEVANTINFORMATION TO ITS MEMBERSHIP. ITS MEMBERSHIP IS COMPRISED OF MORETHAN 2,000 MEMBER COMPANIES.THE CHAMBER IS A NON-PROFIT ORGANIZATION SERVING THE BUSINESS INTERESTS OF BUSINESSES IN HAWAII. THE CHAMBER SPONSORS A NUMBER OF PROGRAMS AND ACTIVITIES AND OPERATES UNDER AN ANNUAL BUDGET APPROVED BY THE BOARD.

    Expenses $2,783,650 · Revenue $2,914,265

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

Listed in Part VII

  • Ku'Uhaku Park

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • David Okabe

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1
  • Alicia Moy

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jason Fujita

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Galen Nakamura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diane Murakami

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Heather Cutter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Kealoha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Beverly Ament

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donn Takaki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nelson Befitel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Ching

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Trini Kaopuiki Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Diesman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Higa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Higashi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kendra Kawai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stan Masamitsu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kit Millan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Blaine Miyasato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Mobley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ed Schultz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Swartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Vassilis Syrmos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Takamine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Denise Hayashi Yamaguchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Bock

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Steven Teruya

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Mark Perriello

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Wendy Laros

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Cindylou Feguerres

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Pamela Tumpap

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Rob Stephenson

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Sherry Menor-McNamara

    PRESIDENT & CEO

    Total calculated
    $316,365
    From this org
    $284,030
    From related orgs
    $0
    Other
    $32,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,030
    Bonus
    $0
    Other
    $0
    Deferred
    $23,634
    Nontaxable benefits
    $8,701
    Filer's total
    $316,365
  • Patricia Fetui

    VP. EVENTS & BUS DEVELOP.

    Total calculated
    $104,916
    From this org
    $104,916
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Licia Hill

    VP. OPERATIONS & PROGRAMS

    Total calculated
    $110,500
    From this org
    $110,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Lori Abe

    VP COMMS & PUBLIC AFFAIRS

    Total calculated
    $131,169
    From this org
    $112,464
    From related orgs
    $0
    Other
    $18,705
    Hours/week
    40
  • Ann Marrie K Peters

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $205,323
    From this org
    $171,750
    From related orgs
    $0
    Other
    $33,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,750
    Bonus
    $0
    Other
    $0
    Deferred
    $24,872
    Nontaxable benefits
    $8,701
    Filer's total
    $205,323

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I LINE 1A:
THE CHAMBER OF COMMERCE OF HAWAII PAID FOR: (1) SHERRY MENOR-MCNAMARA: SOCIAL CLUB FEES, AUTO ALLOWANCE AND MEDICAL INSURANCE

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349312757

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