Civic Intelligence

The Wcit Foundation

990EZ • Fiscal year 2022 • EIN 26-1562635

Jan 01, 2022 to Dec 31, 2022 • Filed on May 04, 2023

725 Kapiolani Boulevard Suite C421Honolulu, HI 96813

(808) 592-2345

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

88th percentile

48%

Higher net margin than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

67th percentile

15%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

29%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$106,705

Up $13,730 (+15%) from 2021

Net Assets

Up

$106,705

Up $13,730 (+15%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$28,435

Up $6,449 (+29%) from 2021

Expenses

Down

$14,705

Down $8,219 (-36%) from 2021

Net Income

Up

$13,730

Up $14,668 (+1564%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2013: $26,375Liabilities 2013: $0Net Assets 2013: $26,3752013Assets 2014: $37,492Liabilities 2014: $10Net Assets 2014: $37,4822014Assets 2015: $36,191Liabilities 2015: $10Net Assets 2015: $36,1812015Assets 2016: $38,216Liabilities 2016: $0Net Assets 2016: $38,2162016Assets 2017: $53,238Liabilities 2017: $0Net Assets 2017: $53,2382017Assets 2018: $66,130Liabilities 2018: $0Net Assets 2018: $66,1302018Assets 2019: $84,869Liabilities 2019: $0Net Assets 2019: $84,8692019Assets 2021: $92,975Liabilities 2021: $0Net Assets 2021: $92,9752021Assets 2022: $106,705Liabilities 2022: $0Net Assets 2022: $106,7052022Assets 2023: $125,402Liabilities 2023: $0Net Assets 2023: $125,4022023Assets 2024: $153,381Liabilities 2024: $0Net Assets 2024: $153,3812024

Highlighted filing

2022

Assets$106,705
Liabilities$0
Net Assets$106,705

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2013: $8,646Expenses 2013: $5,976Net Income 2013: $2,6702013Revenue 2014: $34,153Expenses 2014: $23,046Net Income 2014: $11,1072014Revenue 2015: $11,237Expenses 2015: $12,538Net Income 2015: -$1,3012015Revenue 2016: $8,871Expenses 2016: $6,836Net Income 2016: $2,0352016Revenue 2017: $24,715Expenses 2017: $9,693Net Income 2017: $15,0222017Revenue 2018: $20,989Expenses 2018: $8,097Net Income 2018: $12,8922018Revenue 2019: $24,130Expenses 2019: $5,391Net Income 2019: $18,7392019Revenue 2021: $21,986Expenses 2021: $22,924Net Income 2021: -$9382021Revenue 2022: $28,435Expenses 2022: $14,705Net Income 2022: $13,7302022Revenue 2023: $22,489Expenses 2023: $3,792Net Income 2023: $18,6972023Revenue 2024: $41,533Expenses 2024: $13,554Net Income 2024: $27,9792024

Highlighted filing

2022

Revenue$28,435
Expenses$14,705
Net Income$13,730
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 4, 2023
Return Version
2022v5.0
Gross Receipts
$68,405
Mission and Program Overview

Mission

This Corporation is organized exclusively for Charitable and Educational purposes within the meaning of Section 501(c)(3) to the Internal Revenue code.

Program Services

DescriptionGrantsExpenses
The organization was able to grant $10,000 to Waiakea High School Foundation to assist with their program development in 2022.$10,000$10,000
The organization held its annual golf tournament to raise funds for scholarships. The organization granted $1,000 of scholarships in 2022.$1,000$1,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert IopaDirector-$0--
Lawrence Cunha JrDirector-$0--
Daniel KanekuniDirector-$0--
Mark HigaDirector-$0--
Adam WongDirector-$0--
Ronald TranDirector-$0--
Filing and Contact Details

Filer

Filer Name
Wcit Foundation
EIN
26-1562635
Phone
8085922345
Address
725 KAPIOLANI BOULEVARD SUITE C421, HONOLULU, HI 96813

Signing Officer

Name
Ronald Tran
Title
Director
Phone
8085922345
Signed
2023-05-04
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

The organization was able to award Alyeemomi Amaral a scholarship in the amount of $1,000 to assist her with higher education tuition. The organization was able to grant $10,000 to Waiakea High School Foundation to assist with their program development in 2022.

Form 990-EZ, Part I, Line 16

Description;Amount^Intuit accounting software;101|General excise tax paid on fundraising income;3497|Bank and credit card fees;103|Annual business registration;4^Total;3705^

Raw XML Appendix196 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HONOLULU
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Mark Higa
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Adam Wong
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Ronald Tran
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt03705
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organization held its annual golf tournament to raise funds for scholarships. The organization granted $1,000 of scholarships in 2022.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The organization was able to grant $10,000 to Waiakea High School Foundation to assist with their program development in 2022.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt110000
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization was able to award Alyeemomi Amaral a scholarship in the amount of $1,000 to assist her with higher education tuition. The organization was able to grant $10,000 to Waiakea High School Foundation to assist with their program development in 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Intuit accounting software;101|General excise tax paid on fundraising income;3497|Bank and credit card fees;103|Annual business registration;4^Total;3705^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Ronald Tran
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08085922345
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WCIT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WCIT
ReturnHeader/Filer/EIN0261562635
ReturnHeader/Filer/PhoneNum08085922345
ReturnHeader/Filer/USAddress/AddressLine1Txt0725 KAPIOLANI BOULEVARD SUITE C421
ReturnHeader/Filer/USAddress/CityNm0HONOLULU
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096813
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-05-04T09:39:39-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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