Civic Intelligence

Hawaii Angels

990EZ • Fiscal year 2020 • EIN 26-3130039

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

335 Merchant Street No 516Honolulu, HI 96813

(808) 381-7897

Siviq Scores

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

Liabilities / Assets

51st percentile

0.01x

Higher debt load relative to assets than 51% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.01x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

55th percentile

6.0%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

33rd percentile

-6.4%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-40%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$41,265

Down $2,821 (-6.4%) from 2019

Net Assets

Up

$41,015

Up $2,078 (+5.3%) from 2019

Liabilities

Down

$250

Down $4,899 (-95%) from 2019

Revenue

Down

$34,450

Down $22,874 (-40%) from 2019

Expenses

Down

$32,372

Down $20,617 (-39%) from 2019

Net Income

Down

$2,078

Down $2,257 (-52%) from 2019

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $50,846Liabilities 2011: $2,773Net Assets 2011: $48,0732011Assets 2012: $44,222Liabilities 2012: $169Net Assets 2012: $44,0532012Assets 2013: $46,058Liabilities 2013: $5,734Net Assets 2013: $40,3242013Assets 2015: $50,879Liabilities 2015: $13,487Net Assets 2015: $37,3922015Assets 2016: $48,824Liabilities 2016: $4,481Net Assets 2016: $44,3432016Assets 2017: $42,463Liabilities 2017: $1,656Net Assets 2017: $40,8072017Assets 2018: $40,017Liabilities 2018: $5,415Net Assets 2018: $34,6022018Assets 2019: $44,086Liabilities 2019: $5,149Net Assets 2019: $38,9372019Assets 2020: $41,265Liabilities 2020: $250Net Assets 2020: $41,0152020Assets 2021: $32,155Liabilities 2021: $250Net Assets 2021: $31,9052021Assets 2022: $29,584Liabilities 2022: $250Net Assets 2022: $29,3342022Assets 2023: $42,042Liabilities 2023: $2,271Net Assets 2023: $39,7712023Assets 2024: $56,716Liabilities 2024: $275Net Assets 2024: $56,4412024

Highlighted filing

2020

Assets$41,265
Liabilities$250
Net Assets$41,015

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $90,115Expenses 2011: $84,869Net Income 2011: $5,2462011Revenue 2012: $77,587Expenses 2012: $81,607Net Income 2012: -$4,0202012Revenue 2013: $59,800Expenses 2013: $63,529Net Income 2013: -$3,7292013Revenue 2015: $50,800Expenses 2015: $63,319Net Income 2015: -$12,5192015Revenue 2016: $74,870Expenses 2016: $71,533Net Income 2016: $3,3372016Revenue 2017: $59,250Expenses 2017: $62,786Net Income 2017: -$3,5362017Revenue 2018: $48,250Expenses 2018: $54,455Net Income 2018: -$6,2052018Revenue 2019: $57,324Expenses 2019: $52,989Net Income 2019: $4,3352019Revenue 2020: $34,450Expenses 2020: $32,372Net Income 2020: $2,0782020Revenue 2021: $11,248Expenses 2021: $4,898Net Income 2021: $6,3502021Revenue 2022: $17,252Expenses 2022: $19,823Net Income 2022: -$2,5712022Revenue 2023: $50,310Expenses 2023: $39,873Net Income 2023: $10,4372023Revenue 2024: $75,300Expenses 2024: $58,630Net Income 2024: $16,6702024

Highlighted filing

2020

Revenue$34,450
Expenses$32,372
Net Income$2,078
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$34,450
Mission and Program Overview

Mission

The primary activity of the organization is to promote entrepreneurship, angel investing, and venture capital investing primarily in the state of hawaii.

Program Services

DescriptionGrantsExpenses
MONTHLY MEETINGS AT WHICH TOPICS AND ISSUES OF INTEREST OR PERTINENT TO ANGEL INVESTING AND THE PROMOTION OF ENTREPRENEURSHIP ARE PRESENTED. FREQUENTLY, SPEAKERS ARE INVITED TO ATTEND THE METTINGS TO PROVIDE INFORMATIVE PRESENTATIONS AND LEAD DISCUSSIONS ON TOPICS AND OPPORTUNITIES RELATED TO THE PROMOTION OF ENTREPRENEURSHIP, ANGEL INVESTING AND VENTURE CAPITAL INVESTING. THE MEETINGS WILL BE LED BY THE OFFICERS OF THE ORGANIZATION WITH THE PARTICIPATION OF THE MEMBERS AND INVITED GUESTS, INCLUDING EDUCATIONAL ACTIVITIES DIRECTED AT MEMBERS, THE GENERAL PUBLIC, ENTREPRENEURS AND GOVERNMENTAL OFFICIALS. THESE ACTIVITIES MAY INCLUDE, WORKSHOPS, SEMINARS, MENTORING AND PRESENTATIONS ON SPECIFIC TOPICS RELEVENT TO ENTREPRENEURSHIP AND ANGEL INVESTING. MENTORING ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS OR MEMBER-VOLUNTEERS WITH THE KNOWLEDGE AND EXPERTISE IN VARIOUS AREAS OF BUSINESS OPERATIONS, TAX, FINANCE, ACCOUTING, LAW OR CORPORATE GOVERNANCE DUE DILIGENCE, NETWORKING AND ASSISTANCE TO ENTREPRENEURS THROUGH THE REVEIEW OF BUSINESS PLANS WITH THE PRIMARY OBJECTIVE BEING TO SUPPORT EARLY STAGE HAWAII BUSINESSES.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROB ROBINSONChairman-$0--
CHENOA FARNSWORTHTreas/Exec DirectorPT$0--
DALE ZANESecretary-$0--
STEVE MARKOWITZDirector-$0--
BILL SPENCERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hawaii Angels
EIN
26-3130039
Phone
8083817897
Address
335 MERCHANT STREET NO 516, HONOLULU, HI 96813

Signing Officer

Name
Chenoa Farnsworth
Title
Managing Director
Phone
8083817897
Signed
2021-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Schlissel & Associates LLC
Address
1164 BISHOP STREET - STE 1612, HONOLULU, HI 96813
Preparer
Alan M Schlissel
Phone
8087327232
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising. Amount: 1,000. Description: entertainment expense. Amount: 539. Description: insurance. Amount: 944. Description: member meetings. Amount: 3,518. Description: taxes - other. Amount: 12. Description: service charges. Amount: 739. Description: other expenses. Amount: 120. Total to form 990-ez, line 16: 6,872.

Form 990-ez, Part II, Line 24 - Other Assets

Description: investment in blue ventures llp. Beg. Of year amount: 25,000. End of year amount: 25,000. Description: undeposited funds. Beg. Of year amount: 1,456. End of year amount: 1,408.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 236. End of year amount: 250. Description: accrued expenses. Beg. Of year amount: 4,913. End of year amount: 0.

Raw XML Appendix156 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/PhoneNum08083817897
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HONOLULU
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0HI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd096813
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROB ROBINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHENOA FARNSWORTH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DALE ZANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3STEVE MARKOWITZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BILL SPENCER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREAS/EXEC DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt026456
IRS990EZ/OtherAssetsTotalDetail/EOYAmt026408
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt06872
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE PRIMARY ACTIVITY OF THE ORGANIZATION IS TO PROMOTE ENTREPRENEURSHIP, ANGEL INVESTING, AND VENTURE CAPITAL INVESTING PRIMARILY IN THE STATE OF HAWAII.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MONTHLY MEETINGS AT WHICH TOPICS AND ISSUES OF INTEREST OR PERTINENT TO ANGEL INVESTING AND THE PROMOTION OF ENTREPRENEURSHIP ARE PRESENTED. FREQUENTLY, SPEAKERS ARE INVITED TO ATTEND THE METTINGS TO PROVIDE INFORMATIVE PRESENTATIONS AND LEAD DISCUSSIONS ON TOPICS AND OPPORTUNITIES RELATED TO THE PROMOTION OF ENTREPRENEURSHIP, ANGEL INVESTING AND VENTURE CAPITAL INVESTING. THE MEETINGS WILL BE LED BY THE OFFICERS OF THE ORGANIZATION WITH THE PARTICIPATION OF THE MEMBERS AND INVITED GUESTS, INCLUDING EDUCATIONAL ACTIVITIES DIRECTED AT MEMBERS, THE GENERAL PUBLIC, ENTREPRENEURS AND GOVERNMENTAL OFFICIALS. THESE ACTIVITIES MAY INCLUDE, WORKSHOPS, SEMINARS, MENTORING AND PRESENTATIONS ON SPECIFIC TOPICS RELEVENT TO ENTREPRENEURSHIP AND ANGEL INVESTING. MENTORING ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS OR MEMBER-VOLUNTEERS WITH THE KNOWLEDGE AND EXPERTISE IN VARIOUS AREAS OF BUSINESS OPERATIONS, TAX, FINANCE, ACCOUTING, LAW OR CORPORATE GOVERNANCE DUE DILIGENCE, NETWORKING AND ASSISTANCE TO ENTREPRENEURS THROUGH THE REVEIEW OF BUSINESS PLANS WITH THE PRIMARY OBJECTIVE BEING TO SUPPORT EARLY STAGE HAWAII BUSINESSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TotalRevenueAmt034450
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.HAWAIIANGELS.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt048750
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01470
IRS990ScheduleA/OtherIncome509Grp/TotalAmt018970
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADVERTISING. AMOUNT: 1,000. DESCRIPTION: ENTERTAINMENT EXPENSE. AMOUNT: 539. DESCRIPTION: INSURANCE. AMOUNT: 944. DESCRIPTION: MEMBER MEETINGS. AMOUNT: 3,518. DESCRIPTION: TAXES - OTHER. AMOUNT: 12. DESCRIPTION: SERVICE CHARGES. AMOUNT: 739. DESCRIPTION: OTHER EXPENSES. AMOUNT: 120. TOTAL TO FORM 990-EZ, LINE 16: 6,872.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INVESTMENT IN BLUE VENTURES LLP. BEG. OF YEAR AMOUNT: 25,000. END OF YEAR AMOUNT: 25,000. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 1,456. END OF YEAR AMOUNT: 1,408.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 236. END OF YEAR AMOUNT: 250. DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 4,913. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHENOA FARNSWORTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08083817897
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAWAII ANGELS
ReturnHeader/Filer/BusinessNameControlTxt0HAWA
ReturnHeader/Filer/EIN0263130039
ReturnHeader/Filer/PhoneNum08083817897
ReturnHeader/Filer/USAddress/AddressLine1Txt0335 MERCHANT STREET NO 516
ReturnHeader/Filer/USAddress/CityNm0HONOLULU
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096813
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273670123
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLISSEL & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01164 BISHOP STREET - STE 1612
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096813
ReturnHeader/PreparerPersonGrp/PhoneNum08087327232
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN M SCHLISSEL
ReturnHeader/ReturnTs02021-11-11T17:35:05-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHENOA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FARNSWORTH
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$56.7$0.28$56.4$75.3$58.6$16.7
2023Detailed filing. Detailed filing data is available for this year.$42.0$2.27$39.8$50.3$39.9$10.4
2022Detailed filing. Detailed filing data is available for this year.$29.6$0.25$29.3$17.3$19.8$2.57
2021Detailed filing. Detailed filing data is available for this year.$32.2$0.25$31.9$11.2$4.90$6.35
2020Detailed filing. Detailed filing data is available for this year.$41.3$0.25$41.0$34.5$32.4$2.08
2019Detailed filing. Detailed filing data is available for this year.$44.1$5.15$38.9$57.3$53.0$4.34
2018Detailed filing. Detailed filing data is available for this year.$40.0$5.42$34.6$48.3$54.5$6.21
2017Detailed filing. Detailed filing data is available for this year.$42.5$1.66$40.8$59.3$62.8$3.54
2016Detailed filing. Detailed filing data is available for this year.$48.8$4.48$44.3$74.9$71.5$3.34
2015Detailed filing. Detailed filing data is available for this year.$50.9$13.5$37.4$50.8$63.3$12.5
2013Detailed filing. Detailed filing data is available for this year.$46.1$5.73$40.3$59.8$63.5$3.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.2$0.17$44.1$77.6$81.6$4.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.8$2.77$48.1$90.1$84.9$5.25