Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SUBSCRIPTIONS EARNED

  total $243,490,397 · related or exempt $243,490,397

• 3 · Investment income

  total $8,723,383 · excluded $8,723,383

• 6a · Gross rents

  real property $11,744

• 6b · Less rental expenses

  real property $11,744

• 6c · Rental income or loss

  real property $0

• 7a · Gross sales of assets other than inventory

  securities $97,971,108

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

  securities $99,802,411

• 7c · Gain or loss

  securities -$1,831,303

• 7d · Net gain or loss

  total -$1,831,303 · excluded -$1,831,303

• 11a · Other revenue: FMG DENTAL INSUR. CONTRACTS (NET)

  total $1,973,558 · related or exempt $1,973,558

• 11b · Other revenue: MISC. OTHER INCOME

  total $25,675 · related or exempt $25,675

• 11c · Other revenue: PROFESSIONAL SERVICES

  total $3,385 · unrelated business $3,385

• 11e · Other revenue, total

  $2,002,618

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,187,021 · program services $3,187,021

• 4 · Benefits paid to or for members

  total $202,348,257 · program services $202,348,257

• 5 · Compensation of officers, directors and key employees

  total $2,904,245 · program services $1,245,523 · management and general $1,658,722

• 7 · Other salaries and wages

  total $7,065,441 · program services $3,993,971 · management and general $3,071,470

• 8 · Pension plan contributions

  total $1,533,360 · program services $747,360 · management and general $786,000

• 9 · Other employee benefits

  total $1,144,863 · program services $558,006 · management and general $586,857

• 10 · Payroll taxes

  total $872,509 · program services $425,261 · management and general $447,248

• 11b · Fees: legal

  total $189,533 · management and general $189,533

• 11c · Fees: accounting

  total $282,718 · management and general $282,718

• 11d · Fees: lobbying

  total $71,989 · management and general $71,989

• 11f · Fees: investment management

  total $577,947 · management and general $577,947

• 11g · Fees: other

  total $1,979,488 · program services $1,034,582 · management and general $944,906

• 12 · Advertising and promotion

  total $152,106 · management and general $152,106

• 13 · Office expenses

  total $308,045 · program services $269,008 · management and general $39,037

• 14 · Information technology

  total $1,202,484 · program services $745,262 · management and general $457,222

• 16 · Occupancy

  total $1,110,336 · program services $683,967 · management and general $426,369

• 17 · Travel

  total $95,281 · program services $128 · management and general $95,153

• 19 · Conferences, conventions and meetings

  total $78,911 · management and general $78,911

• 22 · Depreciation, depletion and amortization

  total $2,728,512 · program services $1,724,264 · management and general $1,004,248

• 23 · Insurance

  total $460,950 · program services $331,261 · management and general $129,689

• 24a · Other expenses: BROKER COMMISSIONS

  total $1,382,223 · program services $1,382,223

• 24b · Other expenses: ORAL HEALTH

  total $515,540 · program services $515,540

• 24c · Other expenses: DUES

  total $467,773 · management and general $467,773

• 24d · Other expenses: BUSINESS DEVELOPMENT

  total $234,293 · program services $2,913 · management and general $231,380

• 24e · All other expenses

  total $773,814 · program services $367,695 · management and general $406,119

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $27,394,423 · end of year $42,912,053

• 4 · Accounts receivable

  beginning of year $13,768,693 · end of year $13,160,866

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,522,734 · end of year $5,634,538

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

  $20,616,896

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

  $6,355,620

• 10c · Land, buildings and equipment, net

  beginning of year $12,814,705 · end of year $14,261,276

• 11 · Investments: publicly traded securities

  beginning of year $293,719,005 · end of year $273,780,143

• 12 · Investments: other securities

  beginning of year $6,734,225 · end of year $0

• 14 · Intangible assets

  end of year $7,308,045

• 17 · Accounts payable and accrued expenses

  beginning of year $12,144,047 · end of year $13,069,619

• 19 · Deferred revenue

  beginning of year $4,598,515 · end of year $4,443,777

• 25 · Other liabilities

  beginning of year $23,007,018 · end of year $26,066,183

• 27 · Net assets without donor restrictions

  beginning of year $319,204,205 · end of year $313,477,342

The filer's explanations (Part III)

PART I, LINE 1A

SUPPLEMENTAL COMPENSATION INFORMATION: HDS HOLDS A CORPORATE MEMBERSHIP IN A SOCIAL CLUB IN WHICH THE CLUB REQUIREMENTS DICTATE THAT AN INDIVIDUAL BE IDENTIFIED TO AUTHORIZE TRANSACTIONS. AS SUCH, HDS'S CEO HAS BEEN DESIGNATED AS THE AUTHORIZED INDIVIDUAL. ONLY BUSINESS TRANSACTIONS ARE ALLOWED AND SUBSTANTIATED BY PROPER DOCUMENTATION. DISCRETIONARY SPENDING ACCOUNT: ONLY BUSINESS RELATED TRANSACTIONS ARE ALLOWED AND SUBSTANTIATED BY PROPER DOCUMENTATION.

PART I, LINE 7

NON-FIXED PAYMENTS: HDS HAS AN INCENTIVE PLAN DETAILING THE INCENTIVE CALCULATION WHEN THE COMPANY ACHIEVES CERTAIN PERFORMANCE STANDARDS AND STRATEGIC GOALS. THE INCENTIVE AMOUNT VARIES EACH YEAR DEPENDING ON ACHIEVEMENT OF STRATEGIC GOALS. INCENTIVE AMOUNTS FOR OFFICERS ARE APPROVED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE WHICH IS DOCUMENTED IN MINUTES. INCENTIVE AMOUNTS FOR MANAGEMENT AND STAFF ARE APPROVED BY OFFICERS AND THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGETING PROCESS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HAWAII CLIENT SERVICES CORPORATION

  C · ADMIN SERVICES · HI · 100% owned · share of assets $1,654,339 · controlled entity

  Directly controlled by HAWAII DENTAL SERVICE