Liabilities / Assets
53rd percentile
Higher debt load relative to assets than 53% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
57th percentile
Higher debt load relative to revenue than 57% of similar nonprofits.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Balance Sheet
Assets
Down$29,584
Down $2,571 (-8.0%) from 2021
Net Assets
Down$29,334
Down $2,571 (-8.1%) from 2021
Liabilities
Flat$250
Flat from 2021
Revenue And Expenses
Revenue
Up$17,252
Up $6,004 (+53%) from 2021
Expenses
Up$19,823
Up $14,925 (+305%) from 2021
Net Income
Down-$2,571
Down $8,921 (-140%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 8, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $17,252
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
| Description | Grants | Expenses |
|---|---|---|
| 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
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ROB ROBINSON | Chairman | - | $0 | - | - |
| CHENOA FARNSWORTH | Treas/Exec Director | PT | $0 | - | - |
| DALE ZANE | Secretary | - | $0 | - | - |
| STEVE MARKOWITZ | Director | - | $0 | - | - |
| BILL SPENCER | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Hawaii Angels
- EIN
- 26-3130039
- Phone
- 8083817897
- Address
- 335 MERCHANT STREET 516, HONOLULU, HI 96813
Signing Officer
- Name
- Chenoa Farnsworth
- Title
- Managing Director
- Phone
- 8083817897
- Signed
- 2023-11-08
- 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 4 - Other Investment Income
“Description: net long term capital gain from blue ventures lllp. Amount:”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: insurance. Amount: 960. Description: member meetings. Amount: 12,867. Description: service charges. Amount: 553. Description: other expenses. Amount: 116. Description: sponsorship. Amount: 2,000. Description: from blue ventures lllp. Amount: 51. Total to form 990-ez, line 16: 16,547.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: investment in blue ventures llp. Beg. Of year amount: 9,016. End of year amount: 9,180. Description: other receivable. Beg. Of year amount: 0. End of year amount: 601.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 250. End of year amount: 250.”
Raw XML Appendix128 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CHENOA FARNSWORTH |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8083817897 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 335 MERCHANT STREET 516 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HONOLULU |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | HI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 96813 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 23139 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 19803 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2571 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3000 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 32155 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 29584 |
| IRS990EZ/GrossReceiptsAmt | 0 | 17252 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5452 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 11800 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 31905 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 29334 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 31905 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 29334 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ROB ROBINSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CHENOA FARNSWORTH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DALE ZANE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | STEVE MARKOWITZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BILL SPENCER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREAS/EXEC DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 9016 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 9781 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16547 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PRIMARY ACTIVITY OF THE ORGANIZATION IS TO PROMOTE ENTREPRENEURSHIP, ANGEL INVESTING, AND VENTURE CAPITAL INVESTING PRIMARILY IN THE STATE OF HAWAII. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 276 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 250 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 250 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 19823 |
| IRS990EZ/TotalRevenueAmt | 0 | 17252 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.HAWAIIANGELS.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: NET LONG TERM CAPITAL GAIN FROM BLUE VENTURES LLLP. AMOUNT: |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: INSURANCE. AMOUNT: 960. DESCRIPTION: MEMBER MEETINGS. AMOUNT: 12,867. DESCRIPTION: SERVICE CHARGES. AMOUNT: 553. DESCRIPTION: OTHER EXPENSES. AMOUNT: 116. DESCRIPTION: SPONSORSHIP. AMOUNT: 2,000. DESCRIPTION: FROM BLUE VENTURES LLLP. AMOUNT: 51. TOTAL TO FORM 990-EZ, LINE 16: 16,547. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INVESTMENT IN BLUE VENTURES LLP. BEG. OF YEAR AMOUNT: 9,016. END OF YEAR AMOUNT: 9,180. DESCRIPTION: OTHER RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 601. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 250. END OF YEAR AMOUNT: 250. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHENOA FARNSWORTH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | MANAGING DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8083817897 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | HAWAII ANGELS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HAWA |
| ReturnHeader/Filer/EIN | 0 | 263130039 |
| ReturnHeader/Filer/PhoneNum | 0 | 8083817897 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 335 MERCHANT STREET 516 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HONOLULU |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | HI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 96813 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273670123 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCHLISSEL & ASSOCIATES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1164 BISHOP STREET - STE 1612 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HONOLULU |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | HI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 96813 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8087327232 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALAN M SCHLISSEL |
| ReturnHeader/ReturnTs | 0 | 2023-11-08T17:59:59-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | CHENOA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | FARNSWORTH |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $29,584
- Liabilities
- $250
- Net assets
- $29,334
- Revenue
- $17,252
- Expenses
- $19,823
- Net income
- -$2,571