Civic Intelligence

Kanaka Ikaika Racing Association

EIN 32-0448321 • 501(c)3 • Kailua, HI

Profile

(1) to improve the lives and promote the personal excellence of the community, including our youth, families and athletes at all levels, through recreational and amateur ocean paddle sports by conducting and supporting sports activities that increase personal capabilities and promote character development and life-enhancing values; (2) to promote, encourage and give direction to local and national interest in and appreciation for the social, cultural and spiritual aspects of hawaii and increase the self-esteem and cultural identity of our youth and community through instruction in hawaiian history, culture and values; and (3) to preserve, protect and enhance hawaii's natural resources by educating hawaii's youth and community on the importance of protecting the island's coastal environment and developing learning methods that promote and facilitate a deeper understanding of hawaiian culture and values as they relate to the environment and its protection.

P O Box 342152Kailua, HI 96734

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.67x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

59th percentile

6.4%

Higher net margin than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

45th percentile

-4.8%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$92,075

Down $9,590 (-9.4%) from 2022

Liabilities

Down

$61,329

Down $892 (-1.4%) from 2022

Net Assets

Down

$30,746

Down $8,698 (-22%) from 2022

Revenue

Up

$168,587

Up $46,055 (+38%) from 2022

Expenses

Up

$157,715

Up $69,006 (+78%) from 2022

Net Income

Down

$10,872

Down $22,951 (-68%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50KAssets 2014: $540Liabilities 2014: $7,570Net Assets 2014: -$7,0302014Assets 2015: $10,136Liabilities 2015: $2,792Net Assets 2015: $7,3442015Assets 2016: $0Liabilities 2016: $550Net Assets 2016: -$5502016Assets 2017: $4,223Liabilities 2017: $2,115Net Assets 2017: $2,1082017Assets 2018: $6,558Liabilities 2018: $3,572Net Assets 2018: $2,9862018Assets 2019: $11,013Liabilities 2019: $3,598Net Assets 2019: $7,4152019Assets 2020: $78,794Liabilities 2020: $71,490Net Assets 2020: $7,3042020Assets 2021: $73,000Liabilities 2021: $67,379Net Assets 2021: $5,6212021Assets 2022: $101,665Liabilities 2022: $62,221Net Assets 2022: $39,4442022Assets 2024: $92,075Liabilities 2024: $61,329Net Assets 2024: $30,7462024

Highlighted filing

2024

Assets$92,075
Liabilities$61,329
Net Assets$30,746

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2014: $5,085Expenses 2014: $12,115Net Income 2014: -$7,0302014Revenue 2015: $139,781Expenses 2015: $125,407Net Income 2015: $14,3742015Revenue 2016: $122,822Expenses 2016: $130,716Net Income 2016: -$7,8942016Revenue 2017: $152,873Expenses 2017: $150,215Net Income 2017: $2,6582017Revenue 2018: $143,976Expenses 2018: $143,098Net Income 2018: $8782018Revenue 2019: $155,509Expenses 2019: $151,080Net Income 2019: $4,4292019Revenue 2020: $63,388Expenses 2020: $63,499Net Income 2020: -$1112020Revenue 2021: $33,952Expenses 2021: $35,635Net Income 2021: -$1,6832021Revenue 2022: $122,532Expenses 2022: $88,709Net Income 2022: $33,8232022Revenue 2024: $168,587Expenses 2024: $157,715Net Income 2024: $10,8722024

Highlighted filing

2024

Revenue$168,587
Expenses$157,715
Net Income$10,872

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$122,532
Mission and Program Overview

Mission

(1) to improve the lives and promote the personal excellence of the community, including our youth, families and athletes at all levels, through recreational and amateur ocean paddle sports by conducting and supporting sports activities that increase personal capabilities and promote character development and life-enhancing values; (2) to promote, encourage and give direction to local and national interest in and appreciation for the social, cultural and spiritual aspects of hawaii and increase the self-esteem and cultural identity of our youth and community through instruction in hawaiian history, culture and values; and (3) to preserve, protect and enhance hawaii's natural resources by educating hawaii's youth and community on the importance of protecting the island's coastal environment and developing learning methods that promote and facilitate a deeper understanding of hawaiian culture and values as they relate to the environment and its protection.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION SUCCESSFULLY ORGANIZED 2 OCEAN PADDLE RACES AND 11 VIRTUAL PADDLE RACES, EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES.-$43,523
N/A-$23,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUGLAS SMITHPresident/Di-$0--
JON BRYANVice-Pres/Di-$0--
JOELLE A FOTITreasurer/DiPT$0--
JAMES K FOTIExecutive DiPT$0--
Filing and Contact Details

Filer

Filer Name
Kanaka Ikaika Racing Association
EIN
32-0448321
Phone
8089270711
Address
P O BOX 342152, KAILUA, HI 96734

Signing Officer

Name
James K Foti
Title
Executive Director
Phone
8085246677
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Wikoff Combs & Co LLC
Address
1001 BISHOP STREET SUITE 2760, HONOLULU, HI 96813-3486
Preparer
Manoj Samaranayake
Phone
8087911414
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 687 office 1,291 travel 3,603 computer & interenet 6,979 insurance 5,214 entertainment & promotion 2,636 race expenses 29,836 prizes and awards 930 communications 1,794 auto expenses 944 charitable contributions 138 other expenses 170 business licence 3 outside service 23,630 paddler sponsorship 50 total 77,905

Form 990-ez, Part II, Line 24

Edward jones account - sba funds 70,000 70,000 prepaid promotiona items 0 10,250 total 70,000 80,250

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,479 1,121 loan payable 65,900 61,100

Form 990-ez, Part III

(1) to improve the lives and promote the personal excellence of the community, including our youth, families and athletes at all levels, through recreational and amateur ocean paddle sports by conducting and supporting sports activities that increase personal capabilities and promote character development and life-enhancing values; (2) to promote, encourage and give direction to local and national interest in and appreciation for the social, cultural and spiritual aspects of hawaii and increase the self-esteem and cultural identity of our youth and community through instruction in hawaiian history, culture and values; and (3) to preserve, protect and enhance hawaii's natural resources by educating hawaii's youth and community on the importance of protecting the island's coastal environment and developing learning methods that promote and facilitate a deeper understanding of hawaiian culture and values as they relate to the environment and its protection.

Form 990-ez, Part III, Line 31

N/A

Raw XML Appendix151 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 687 OFFICE 1,291 TRAVEL 3,603 COMPUTER & INTERENET 6,979 INSURANCE 5,214 ENTERTAINMENT & PROMOTION 2,636 RACE EXPENSES 29,836 PRIZES AND AWARDS 930 COMMUNICATIONS 1,794 AUTO EXPENSES 944 CHARITABLE CONTRIBUTIONS 138 OTHER EXPENSES 170 BUSINESS LICENCE 3 OUTSIDE SERVICE 23,630 PADDLER SPONSORSHIP 50 TOTAL 77,905
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EDWARD JONES ACCOUNT - SBA FUNDS 70,000 70,000 PREPAID PROMOTIONA ITEMS 0 10,250 TOTAL 70,000 80,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,479 1,121 LOAN PAYABLE 65,900 61,100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3(1) TO IMPROVE THE LIVES AND PROMOTE THE PERSONAL EXCELLENCE OF THE COMMUNITY, INCLUDING OUR YOUTH, FAMILIES AND ATHLETES AT ALL LEVELS, THROUGH RECREATIONAL AND AMATEUR OCEAN PADDLE SPORTS BY CONDUCTING AND SUPPORTING SPORTS ACTIVITIES THAT INCREASE PERSONAL CAPABILITIES AND PROMOTE CHARACTER DEVELOPMENT AND LIFE-ENHANCING VALUES; (2) TO PROMOTE, ENCOURAGE AND GIVE DIRECTION TO LOCAL AND NATIONAL INTEREST IN AND APPRECIATION FOR THE SOCIAL, CULTURAL AND SPIRITUAL ASPECTS OF HAWAII AND INCREASE THE SELF-ESTEEM AND CULTURAL IDENTITY OF OUR YOUTH AND COMMUNITY THROUGH INSTRUCTION IN HAWAIIAN HISTORY, CULTURE AND VALUES; AND (3) TO PRESERVE, PROTECT AND ENHANCE HAWAII'S NATURAL RESOURCES BY EDUCATING HAWAII'S YOUTH AND COMMUNITY ON THE IMPORTANCE OF PROTECTING THE ISLAND'S COASTAL ENVIRONMENT AND DEVELOPING LEARNING METHODS THAT PROMOTE AND FACILITATE A DEEPER UNDERSTANDING OF HAWAIIAN CULTURE AND VALUES AS THEY RELATE TO THE ENVIRONMENT AND ITS PROTECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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ReturnHeader/TaxYr02022

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