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← HAWAII RESIDENCY PROGRAM INC TRUST FOR PROFESSIONAL LIABILITY

Form 990 for tax year 2022

Filed by HAWAII RESIDENCY PROGRAM INC TRUST FOR PROFESSIONAL LIABILITY.

Totals

Total revenue
$761,306
Total expenses
$1,451,101
Contributions and grants received
$588,033
Grants paid
$0
Program service revenue
$0
Investment income
$172,170
Other revenue
$1,103
Total assets, end of year
$7,072,638
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,072,638
Program services expenses (Part IX)
$1,419,704
Management and general expenses
$31,397
Fundraising expenses
$0
Program service expenses (Part III)
$1,021,056

Program services were 97.8% 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.

  • 1d · Related organizations

    $588,033

  • 3 · Investment income

    total $336,484 · excluded $336,484

  • 7a · Gross sales of assets other than inventory

    securities $3,068,528

  • 7b · Less cost or other basis and sales expenses

    securities $3,232,842

  • 7c · Gain or loss

    securities -$164,314

  • 7d · Net gain or loss

    total -$164,314 · excluded -$164,314

  • 11d · All other revenue

    total $1,103 · excluded $1,103

  • 11e · Other revenue, total

    $1,103

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $23,427 · management and general $23,427

  • 11b · Fees: legal

    total $871,161 · program services $871,161

  • 11c · Fees: accounting

    total $7,700 · management and general $7,700

  • 11f · Fees: investment management

    total $10 · management and general $10

  • 24a · Other expenses: INSURANCE

    total $548,543 · program services $548,543

  • 24b · Other expenses: FOREIGN TAXES PAID

    total $250 · management and general $250

  • 24c · Other expenses: ADR FEES

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $886,700 · end of year $654,893

  • 11 · Investments: publicly traded securities

    beginning of year $6,947,018 · end of year $6,417,745

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,833,718 · end of year $7,072,638

Mission and programs · 2022

Mission

ADVANCEMENT OF THE MEDICAL EDUCATION AND TRAINING OF MEDICAL RESIDENTS IN THE STATE OF HAWAII

  • SERVICES PROVIDED ARE DISTRIBUTIONS FOR DEFENSE ATTORNEYS & PAYMENTS FOR CLAIMS FOR PROFESSIONAL LIABILITY, THAT RELATE TO MEDICAL RESIDENTS.

    Expenses $1,021,056

As filed on the 2022 return.

Listed in Part VII

  • First Hawaiian Bank

    TRUSTEE

    Total calculated
    $23,427
    From this org
    $23,427
    From related orgs
    $0
    Other
    $0

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.

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
19 October 2023
IRS schema version
2022v5.0
Source object
202303539349301510

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