Form 990 for tax year 2022
Filed by HAWAII CARPENTERS MARKET RECOVERY PROGRAM FUND.
Totals
- Total revenue
- $7,452,618
- Total expenses
- $5,900,098
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $6,877,328
- Investment income
- $503,575
- Other revenue
- $71,715
- Total assets, end of year
- $19,620,008
- Total liabilities, end of year
- $804,643
- Net assets or fund balances, end of year
- $18,815,365
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $5,900,098
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.
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $6,799,502 · related or exempt $6,799,502
-
2b · Program service revenue: ADMINISTRATIVE SERVICES
total $77,826 · related or exempt $77,826
-
3 · Investment income
total $632,939 · excluded $632,939
-
6a · Gross rents
real property $56,681
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $56,681
-
6d · Net rental income or loss
total $56,681 · excluded $56,681
-
7a · Gross sales of assets other than inventory
securities $9,981,278
-
7b · Less cost or other basis and sales expenses
securities $10,110,642
-
7c · Gain or loss
securities -$129,364
-
7d · Net gain or loss
total -$129,364 · excluded -$129,364
-
11a · Other revenue: OTHER INCOME
total $15,034 · related or exempt $15,034
-
11e · Other revenue, total
$15,034
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $682,574
-
9 · Other employee benefits
total $137,202
-
10 · Payroll taxes
total $61,375
-
11a · Fees: management
total $84,621
-
11b · Fees: legal
total $6,936
-
11c · Fees: accounting
total $14,630
-
11f · Fees: investment management
total $32,714
-
11g · Fees: other
total $625,131
-
12 · Advertising and promotion
total $159,367
-
13 · Office expenses
total $35,015
-
14 · Information technology
total $38,113
-
16 · Occupancy
total $117,133
-
17 · Travel
total $20,762
-
22 · Depreciation, depletion and amortization
total $56,554
-
23 · Insurance
total $32,015
-
24a · Other expenses: WORKFORCE INITIATIVES
total $3,354,156
-
24b · Other expenses: BUSINESS DEVELOPMENT
total $392,618
-
24c · Other expenses: ASSOCIATION MEMBERSHIPS
total $16,780
-
24d · Other expenses: OTHER EXPENSE
total $12,483
-
24e · All other expenses
total $19,919
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $118,651 · end of year $58,640
-
4 · Accounts receivable
beginning of year $568,675 · end of year $558,458
-
9 · Prepaid expenses and deferred charges
beginning of year $11,154 · end of year $10,189
-
10a · Land, buildings and equipment: cost or other basis
$3,148,108
-
10b · Land, buildings and equipment: accumulated depreciation
$1,226,658
-
10c · Land, buildings and equipment, net
beginning of year $1,963,025 · end of year $1,921,450
-
11 · Investments: publicly traded securities
beginning of year $14,698,305 · end of year $17,071,271
-
17 · Accounts payable and accrued expenses
beginning of year $578,970 · end of year $800,850
-
25 · Other liabilities
beginning of year $3,793 · end of year $3,793
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
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 $16,777,047 · end of year $18,815,365
Mission and programs · 2022
Mission
TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS THAT INHIBIT THE ECONOMIC DEVELOPMENT OF THE CARPENTRY INDUSTRY IN HAWAII.
Activities or mission (Part I)
TO EXPLORE WAYS OF ASSISTING THE ECONOMIC DEVELOPMENT OF HAWAII'S CARPENTRY INDUSTRY.
-
THE FUND WAS ESTABLISHED TO "RECOVER" THE CONSTRUCTION MARKET LOST TO NON-UNION LABOR, AND TO PROMOTE THE BENEFITS OF UNIONIZED CONSTRUCTION TO DEVELOPERS, GOVERNMENT, OTHER CONTRACTORS, AND THE GENERAL COMMUNITY. MARKET RESEARCH, INVESTIGATIONS, MARKETING, POLITICAL ACTION AND PROMOTION OF HIGH-TECH IN THE STATE ARE SOME OF THE MANY MEANS USED TO ACHIEVE THIS GOAL.
Expenses $5,900,098
As filed on the 2022 return.
Listed in Part VII
-
Kyle ChockKYLE CHOCK
CO-CHAIRPERSON
- Total calculated
- $319,362
- From this org
- $0
- From related orgs
- $272,000
- Other
- $47,362
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $272,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,240 related
- Nontaxable benefits
- $0 + $15,122 related
- Filer's total
- $0 + $319,362 related
-
Richard BalicocoRICHARD BALICOCO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Sean NewcampSEAN NEWCAMP
SECRETARY
- Total calculated
- $186,426
- From this org
- $0
- From related orgs
- $139,064
- Other
- $47,362
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $139,064 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,240 related
- Nontaxable benefits
- $0 + $15,122 related
- Filer's total
- $0 + $186,426 related
-
Mitchell TynanesMITCHELL TYNANES
TRUSTEE
- Total calculated
- $181,706
- From this org
- $0
- From related orgs
- $134,344
- Other
- $47,362
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $134,344 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,240 related
- Nontaxable benefits
- $0 + $15,122 related
- Filer's total
- $0 + $181,706 related
-
Thalia ChoyTHALIA CHOY
CO-CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Alan ShintaniALAN SHINTANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Bill WilsonBILL WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Ken KawamotoKEN KAWAMOTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Dale Sakamoto-YonedaDALE SAKAMOTO-YONEDA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Justin IzumiJUSTIN IZUMI
TRUSTEE (ALTERNATE)
- Total calculated
- $0
- Hours/week
- 0.1
-
Nathaniel KinneyNATHANIEL KINNEY
TRUSTEE
- Total calculated
- $186,426
- From this org
- $0
- From related orgs
- $139,064
- Other
- $47,362
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $139,064 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,240 related
- Nontaxable benefits
- $0 + $15,122 related
- Filer's total
- $0 + $186,426 related
-
Juan Padasdao JrJUAN PADASDAO JR
TRUSTEE
- Total calculated
- $176,930
- From this org
- $0
- From related orgs
- $129,568
- Other
- $47,362
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $129,568 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,240 related
- Nontaxable benefits
- $0 + $15,122 related
- Filer's total
- $0 + $176,930 related
-
Lance WilhelmLANCE WILHELM
TRUSTEE (ALTERNATE)
- Total calculated
- $0
- Hours/week
- 0.1
-
Travis MurakamiTRAVIS MURAKAMI
TRUSTEE
- Total calculated
- $180,170
- From this org
- $0
- From related orgs
- $132,808
- Other
- $47,362
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $132,808 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,240 related
- Nontaxable benefits
- $0 + $15,122 related
- Filer's total
- $0 + $180,170 related
-
Joshua MagnoJOSHUA MAGNO
DIRECTOR OF PROGRAMS
- Total calculated
- $116,490
- From this org
- $106,090
- From related orgs
- $0
- Other
- $10,400
- Hours/week
- 40
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
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.
-
HAWAII CARPENTERS APPRENTICESHIP TRAINING FUND
501(C)(5) · TO PROVIDE EDUCATION AND TRAINING · HI
-
HAWAII CARPENTERS HEALTH & WELFARE FUND
501(C)(9) · TO PROVIDE HEALTH AND WELFARE BENEFITS · HI
-
HAWAII CARPENTERS VACATION & HOLIDAY FUND
501(C)(9) · TO PROVIDE VACATION AND HOLIDAY BENEFITS · HI
-
HAWAII CARPENTERS FINANCIAL SECURITY FUND
501(A) · TO PROVIDE RETIREMENT BENEFITS · HI
-
HAWAII CARPENTERS 401(K) FUND
501(A) · TO PROVIDE RETIREMENT BENEFITS · HI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401949349301345
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.