Civic Intelligence

Kanaka Ikaika Racing Association

990EZ • Fiscal year 2018 • EIN 32-0448321

Jan 01, 2018 to Dec 31, 2018 • Filed on May 28, 2019

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

90th percentile

0.54x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

85th percentile

55%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-5.8%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,558

Up $2,335 (+55%) from 2017

Net Assets

Up

$2,986

Up $878 (+42%) from 2017

Liabilities

Up

$3,572

Up $1,457 (+69%) from 2017

Revenue

Down

$143,976

Down $8,897 (-5.8%) from 2017

Expenses

Down

$143,098

Down $7,117 (-4.7%) from 2017

Net Income

Down

$878

Down $1,780 (-67%) from 2017

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

2018

Assets$6,558
Liabilities$3,572
Net Assets$2,986

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

2018

Revenue$143,976
Expenses$143,098
Net Income$878
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 28, 2019
Return Version
2018v3.1
Gross Receipts
$143,976
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 13 OCEAN PADDLE RACES ON THE ISLANDS OF OAHU AND MOLOKAI EXCLUSIVELY FOR CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES-$127,276
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
2019-05-28
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 11,044 office 921 information technology 3,628 travel 6,282 insurance 4,272 entertainment & promotion 3,731 race expenses 35,830 contract services 41,096 prizes and awards 25,021 communications 1,864 charitable contributions 135 taxes and license 413 auto expenses 433 total 134,670

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,115 3,572

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 Appendix144 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 11,044 OFFICE 921 INFORMATION TECHNOLOGY 3,628 TRAVEL 6,282 INSURANCE 4,272 ENTERTAINMENT & PROMOTION 3,731 RACE EXPENSES 35,830 CONTRACT SERVICES 41,096 PRIZES AND AWARDS 25,021 COMMUNICATIONS 1,864 CHARITABLE CONTRIBUTIONS 135 TAXES AND LICENSE 413 AUTO EXPENSES 433 TOTAL 134,670
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,115 3,572
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
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES K FOTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08085246677
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KANAKA IKAIKA RACING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0KANA
ReturnHeader/Filer/EIN0320448321
ReturnHeader/Filer/PhoneNum08085246677
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 342152
ReturnHeader/Filer/USAddress/CityNm0KAILUA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
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ReturnHeader/FilingSecurityInformation/IPDt02019-06-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:53:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0990191822
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GILBERT LEONG & GREGORY LEE CPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0841 BISHOP ST STE 2020
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0968133921
ReturnHeader/PreparerPersonGrp/PhoneNum08085215051
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY H LEE
ReturnHeader/ReturnTs02019-06-05T13:53:37-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings