Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.28x
Liabilities / Revenue
68th percentile
Higher debt load relative to revenue than 68% of similar nonprofits.
Net Margin
64th percentile
Higher net margin than 64% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
100th percentile
Faster revenue growth than 100% of similar nonprofits.
Balance Sheet
Assets
Up$10,136
Up $9,596 (+1777%) from 2014
Net Assets
Up$7,344
Up $14,374 (+204%) from 2014
Liabilities
Down$2,792
Down $4,778 (-63%) from 2014
Revenue And Expenses
Revenue
Up$139,781
Up $134,696 (+2649%) from 2014
Expenses
Up$125,407
Up $113,292 (+935%) from 2014
Net Income
Up$14,374
Up $21,404 (+304%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Jul 20, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $143,993
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 indentity 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.
(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
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION SUCCESSFULLY ORGANIZED 12 OCEAN PADDLE RACES IN 2015 ON THE ISLANDS OF OAHU AND MOLOKAI EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES | - | $108,661 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JAMES K FOTI | Executive Di | PT | $0 | - | - |
| DOUGLAS SMITH | President/Di | - | $0 | - | - |
| JON BRYAN | Vice-Pres/Di | - | $0 | - | - |
| JOELLE A FOTI | Treasurer/Di | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Kanaka Ikaika Racing Association
- EIN
- 32-0448321
- Phone
- 8085246677
- Address
- P O BOX 342152, KAILUA, HI 96734
Signing Officer
- Name
- James K Foti
- Title
- Executive Director
- Phone
- 8085246677
- Signed
- 2016-07-20
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Gilbert Leong & Gregory Lee Cpas Inc
- Address
- 841 BISHOP ST STE 2020, HONOLULU, HI 96813-3921
- Preparer
- Gregory H Lee
- Phone
- 8085215051
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising and promotion 15,123 office 779 travel 1,205 insurance 2,670 licenses 40 entertainment & promotion 880 registration fees 3,943 race expenses 22,670 contract services 26,513 prizes and awards 36,537 communications 1,560 internet fees 656 computer services 4,455 charitable 787 general excise tax 143 total 117,961”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 7,570 2,792”
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.”
Raw XML Appendix125 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JAMES K FOTI |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8085246677 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | P O BOX 342152 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | KAILUA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | HI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 96734 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 540 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10136 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 14374 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 81 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 540 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 10136 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 3722 |
| IRS990EZ/GrossReceiptsAmt | 0 | 143993 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -7030 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 7344 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -7030 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 7344 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 7365 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JAMES K FOTI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DOUGLAS SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JON BRYAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOELLE A FOTI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT/DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE-PRES/DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER/DI |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 117961 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | (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. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 140271 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION SUCCESSFULLY ORGANIZED 12 OCEAN PADDLE RACES IN 2015 ON THE ISLANDS OF OAHU AND MOLOKAI EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 108661 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 4212 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -490 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7570 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2792 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 125407 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 108661 |
| IRS990EZ/TotalRevenueAmt | 0 | 139781 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 140271 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5085 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 145356 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 140271 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 145356 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 140271 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5085 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 145356 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 149078 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 3722 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 3722 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING AND PROMOTION 15,123 OFFICE 779 TRAVEL 1,205 INSURANCE 2,670 LICENSES 40 ENTERTAINMENT & PROMOTION 880 REGISTRATION FEES 3,943 RACE EXPENSES 22,670 CONTRACT SERVICES 26,513 PRIZES AND AWARDS 36,537 COMMUNICATIONS 1,560 INTERNET FEES 656 COMPUTER SERVICES 4,455 CHARITABLE 787 GENERAL EXCISE TAX 143 TOTAL 117,961 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,570 2,792 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | (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/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2016-12-15 16:53:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES K FOTI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8085246677 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-07-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KANAKA IKAIKA RACING ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KANA |
| ReturnHeader/Filer/EIN | 0 | 320448321 |
| ReturnHeader/Filer/PhoneNum | 0 | 8085246677 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 342152 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KAILUA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | HI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 96734 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 990191822 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GILBERT LEONG & GREGORY LEE CPAS INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 841 BISHOP ST STE 2020 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HONOLULU |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | HI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 968133921 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8085215051 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-07-27 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GREGORY H LEE |
| ReturnHeader/ReturnTs | 0 | 2016-07-28T13:38:28-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $10,136
- Liabilities
- $2,792
- Net assets
- $7,344
- Revenue
- $139,781
- Expenses
- $125,407
- Net income
- $14,374