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Nonprofiteer
← EDUCATION INCUBATOR

Form 990 for tax year 2022

Filed by EDUCATION INCUBATOR.

Totals

Total revenue
$564,965
Total expenses
$366,784
Contributions and grants received
$418,771
Grants paid
$0
Program service revenue
$145,600
Investment income
$594
Other revenue
$0
Total assets, end of year
$684,200
Total liabilities, end of year
$18,691
Net assets or fund balances, end of year
$665,509
Program services expenses (Part IX)
$315,503
Management and general expenses
$51,281
Fundraising expenses
$0
Program service expenses (Part III)
$315,503

Program services were 86.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $348,672

  • 1f · All other contributions, gifts and grants

    $70,099

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program Service Fees

    total $145,600 · related or exempt $145,600 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $594 · related or exempt $594 · 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.

  • 5 · Compensation of officers, directors and key employees

    total $57,930 · program services $49,231 · management and general $8,699

  • 7 · Other salaries and wages

    total $78,000 · program services $66,606 · management and general $11,394

  • 9 · Other employee benefits

    total $5,860 · program services $5,058 · management and general $802

  • 10 · Payroll taxes

    total $13,516 · program services $11,555 · management and general $1,961

  • 11a · Fees: management

    total $2,168 · management and general $2,168

  • 11c · Fees: accounting

    total $4,098 · management and general $4,098

  • 11g · Fees: other

    total $174,863 · program services $174,425 · management and general $438

  • 13 · Office expenses

    total $640 · program services $296 · management and general $344

  • 14 · Information technology

    total $1,671 · program services $855 · management and general $816

  • 16 · Occupancy

    total $13,331 · program services $131 · management and general $13,200

  • 17 · Travel

    total $241 · program services $12 · management and general $229

  • 23 · Insurance

    total $1,979 · management and general $1,979

  • 24a · Other expenses: Program Supplies

    total $7,334 · program services $7,334 · management and general $0 · fundraising $0

  • 24b · Other expenses: Professional Development

    total $4,876 · program services $0 · management and general $4,876 · fundraising $0

  • 24c · Other expenses: Bank Charges

    total $262 · program services $0 · management and general $262 · fundraising $0

  • 24d · Other expenses: Business Fees

    total $15 · program services $0 · management and general $15 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,557 · end of year $662,743

  • 4 · Accounts receivable

    beginning of year $27,000

  • 7 · Other notes and loans receivable

    beginning of year $21,000 · end of year $7,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,250 · end of year $2,250

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

    $10,173

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

    $1,559

  • 10c · Land, buildings and equipment, net

    beginning of year $8,614 · end of year $8,614

  • 15 · Other assets

    beginning of year -$7,500 · end of year $3,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,500 · end of year $18,598

  • 22 · Loans and payables to officers and key people

    beginning of year $93 · end of year $93

  • 27 · Net assets without donor restrictions

    beginning of year $14,000 · end of year $70,500

  • 28 · Net assets with donor restrictions

    beginning of year $453,328 · end of year $595,009

Mission and programs · 2022

Mission

At Education Incubator, we empower people to live with passion and purpose in service of a better world. Through social innovation and entrepreneurship programs for youth and community and professional development for educators and organizations we work to provide place-based, culture-based, purpose-driven innovative approaches to education and entrepreneurship for a thriving Hawaii and world.

Activities or mission (Part I)

At Education Incubator, we empower people to live with passion and purpose in service of a better world through place-based, culturally-grounded workshops, programs, and professional development.

  • Foundations of Aloha offers cohorts of youth, families, and educators daily opportunities for building social emotional learning and living practices grounded in the values of Hawaii and the teachings of ALOHA. We offer learning and practice opportunities for Hawaii's youth and families to support wellbeing and stability and provide professional development support to organizations that offer youth and family programming. These supports range from co-designing programs, to providing workshops, and other forms of consulting.

    Expenses $32,445 · Revenue $6,000

  • Innovation With Aloha focuses on bringing the practices associated with innovation and entrepreneurship to educational contexts, through workshops, classes, curriculum design, and professional development. IWA focuses on community problem-solving and solution-generating through the lens of passion, purpose, and positive-change, helping youth and educators to turn learning into opportunities for positive impact in local communities. This work includes classes and experiences in design thinking, rapid prototyping, product development, essentials of entrepreneurship, and creative confidence.

    Expenses $105,021

  • The Hawaii Online Portal for Education (HOPE) initiative supports teachers across Hawaii to access, adapt and create digital resources for education. Through the collaboration of stakeholders across Hawaii's educational landscape, we aim to create accessible, rich, and perpetually improving portal for education for Hawaii.

    Expenses $127,247 · Revenue $139,500

  • Direct Services Special Projects - Through our Special Projects - Consulting program, we support organizations to identify and achieve the social impact goals of their organization through the various skillsets and expertise of our staff. These services include curriculum design, facilitation, strategic visioning, project management, and professional development services. The organizations in this category are those who we work closely with as ohana, bound by social, cultural, and wisdom capital that is gifted to us through practitioners of ancestral and indigenous knowledge traditions.

    Expenses $48,659

  • Direct Services - We support organizations to identify and achieve the social impact goals of their organization through the various skillsets and expertise of our staff. These services include curriculum design, facilitation, strategic visioning, project management, and professional development services. The organizations in this category are those who we work closely with as ohana, bound by social, cultural, and wisdom capital that is gifted to us through practitioners of ancestral and indigenous knowledge traditions.

    Expenses $2,131 · Revenue $100

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

Listed in Part VII

  • Miki Tomita

    Executive Director

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Herb Lee

    President

    Total calculated
    $0
    Hours/week
    1

  • Christine Matsuda

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Keoni Lee

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Brian Dote

    Director

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202311359349319061

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