Civic Intelligence

Kanaka Ikaika Racing Association

990EZ • Fiscal year 2017 • EIN 32-0448321

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 15, 2018

P O Box 342152Kailua, HI 96734

(808) 524-6677

Siviq Scores

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

Liabilities / Assets

89th percentile

0.50x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

46th percentile

1.7%

Higher net margin than 46% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,223

Up $4,223 from 2016

Net Assets

Up

$2,108

Up $2,658 (+483%) from 2016

Liabilities

Up

$2,115

Up $1,565 (+285%) from 2016

Revenue

Up

$152,873

Up $30,051 (+24%) from 2016

Expenses

Up

$150,215

Up $19,499 (+15%) from 2016

Net Income

Up

$2,658

Up $10,552 (+134%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$4,223
Liabilities$2,115
Net Assets$2,108

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$152,873
Expenses$150,215
Net Income$2,658
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 15, 2018
Return Version
2017v2.3
Gross Receipts
$155,135
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

DescriptionGrantsExpenses
THE ORGANIZATION SUCCESSFULLY ORGANIZED 12 OCEAN PADDLE RACES ON THE ISLANDS OF OAHU AND MOLOKAI EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES-$130,868
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES K FOTIExecutive Di-$0--
DOUGLAS SMITHPresident/Di-$0--
JON BRYANVice-Pres/Di-$0--
JOELLE A FOTITreasurer/Di-$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
2018-06-15
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 10,938 office 1,191 travel 4,885 insurance 2,530 entertainment & promotion 1,959 race expenses 46,304 contract services 32,697 prizes and awards 33,514 communications 1,624 computer services 3,785 charitable contributions 2,266 taxes 172 total 141,865

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 321 2,115 bank overdraft 229 0

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 Appendix138 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 AND PROMOTION 10,938 OFFICE 1,191 TRAVEL 4,885 INSURANCE 2,530 ENTERTAINMENT & PROMOTION 1,959 RACE EXPENSES 46,304 CONTRACT SERVICES 32,697 PRIZES AND AWARDS 33,514 COMMUNICATIONS 1,624 COMPUTER SERVICES 3,785 CHARITABLE CONTRIBUTIONS 2,266 TAXES 172 TOTAL 141,865
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 321 2,115 BANK OVERDRAFT 229 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2(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/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08085246677
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GILBERT LEONG & GREGORY LEE CPAS INC
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ReturnHeader/ReturnTs02018-06-20T07:22:00-10:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings