Civic Intelligence

Hawaii Surfing Development Foundation

990 • Fiscal year 2017 • EIN 47-5286346

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

PO Box 223Haleiwa, HI 96712

(808) 258-8533

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

99th percentile

99%

Higher net margin than 99% 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

100th percentile

31399800%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Annualized from 2016 to 2017

Assets

Up

$313,999

Up $313,998 (+31399800%) from 2016

Net Assets

$306,990

No earlier filing loaded for comparison.

Liabilities

Up

$7,009

Up $7,009 from 2016

Revenue

Up

$311,626

Up $311,626 from 2016

Expenses

Up

$4,636

Up $4,636 from 2016

Net Income

Up

$306,990

Up $306,990 from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $1Liabilities 2016: $02016Assets 2017: $313,999Liabilities 2017: $7,009Net Assets 2017: $306,9902017Assets 2018: $41,202Liabilities 2018: $7,009Net Assets 2018: $34,1932018Assets 2019: $115,048Liabilities 2019: $7,009Net Assets 2019: $108,0392019Assets 2020: $130,281Liabilities 2020: $7,009Net Assets 2020: $123,2722020Assets 2021: $120,660Net Assets 2021: $120,6602021Assets 2022: $55,267Net Assets 2022: $55,2672022Assets 2023: $69,177Net Assets 2023: $69,1772023Assets 2024: $64,547Net Assets 2024: $64,5472024

Highlighted filing

2017

Assets$313,999
Liabilities$7,009
Net Assets$306,990

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $311,626Expenses 2017: $4,636Net Income 2017: $306,9902017Revenue 2018: -$129,541Expenses 2018: $143,256Net Income 2018: -$272,7972018Revenue 2019: $62,370Expenses 2019: $33,278Net Income 2019: $29,0922019Revenue 2020: $29,063Expenses 2020: $13,830Net Income 2020: $15,2332020Expenses 2021: $9,6212021Expenses 2022: $65,3932022Revenue 2023: $22,068Expenses 2023: $8,158Net Income 2023: $13,9102023Revenue 2024: $20,850Expenses 2024: $25,480Net Income 2024: -$4,6302024

Highlighted filing

2017

Revenue$311,626
Expenses$4,636
Net Income$306,990
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$374,937
Mission and Program Overview

Mission

To create opportunities for hawaii youth to explore careers and positive lifestyle choices through hawaii's indigenous sport of surfing. We aim to harness youth interest in the sport of surfing to help foster careers in surfing with a partnership with local schools, businesses, and the world surf league.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$313,999-
Total Assets$0$313,999▲ $313,999
Liabilities
Other Liabilities-$7,009-
Total Liabilities$0$7,009▲ $7,009
Net Assets / Fund Balance
Unrestricted Net Assets-$306,990-
Total Net Assets Fund Balance$0$306,990▲ $306,990
Total Liabilities and Net Assets / Fund Balance$0$313,999▲ $313,999
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jodi WilmottPresident
Joel CenteioDirector
Kaipo GuerreroDirector
Makuakai RothmanDirector
Pancho SullivanDirector
Lauren RollandSecretary
Rizu KennamoreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,523
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$279,103
All Other Contributions
$32,523
Change in Net Assets
$306,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$2,916-$2,916
Other Expenses$1,336--$1,336
Information Technology-$238-$238
Office Expenses-$146-$146
Total Functional Expenses$1,336$3,300$0$4,636
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Wsl$7,009
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The annual form 990 is provided to each of the board members for their review before the return is filed.

Form 990, Page 6, Part VI, Line 12C

Officers and directors are required to disclose annually interests that give rise to conflicts. The organization regularly and consistently monitors and enforces compliance with the written conflict of interest policy. Standard operating procedures for reviewing and managing conflicts or potential conflicts of interest include: 1. Disclosure and reporting of any and all situations that give rise to the appearance of a conflict, in writing, and present to the board for review prior to taking any action that gives rise to the conflict; 2. Review and analysis of conflict by the board, with recommendation that any activity that has the appearance of a conflict, whether actual conflict exists, should be avoided. In cases where it is not possible to completely avoid conflict or the appearance of conflict, reasonable efforts are made to mitigate effects of a conflict of interest. At a minimum, individual(s) involved in a situation or transaction that gives rise to conflict or the appearance of conflict should dislose the situation to relevant parties and recuse his or herself from any involvement in the decision(s) pertaining to the subject situation or transaction.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hawaii Youth Surfing Development
EIN
47-5286346
Phone
8082588533
Address
PO BOX 223, HALEIWA, HI 96712

Signing Officer

Name
Jodi Wilmott
Title
President
Phone
8082588533
Signed
2018-11-12

Organization Details

Principal Officer
Jodi Wilmott
Formed
2016
Legal Domicile
Hi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
12

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To create opportunities for hawaii youth to explore careers and positive lifestyle choices through hawaii's indigenous sport of surfing. We aim to harness youth interest in the sport of surfing to help foster careers in surfing with a partnership with local schools, businesses, and the world surf league.

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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/ExplanationTxt0TO CREATE OPPORTUNITIES FOR HAWAII YOUTH TO EXPLORE CAREERS AND POSITIVE LIFESTYLE CHOICES THROUGH HAWAII'S INDIGENOUS SPORT OF SURFING. WE AIM TO HARNESS YOUTH INTEREST IN THE SPORT OF SURFING TO HELP FOSTER CAREERS IN SURFING WITH A PARTNERSHIP WITH LOCAL SCHOOLS, BUSINESSES, AND THE WORLD SURF LEAGUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ANNUAL FORM 990 IS PROVIDED TO EACH OF THE BOARD MEMBERS FOR THEIR REVIEW BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT GIVE RISE TO CONFLICTS. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. STANDARD OPERATING PROCEDURES FOR REVIEWING AND MANAGING CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST INCLUDE: 1. DISCLOSURE AND REPORTING OF ANY AND ALL SITUATIONS THAT GIVE RISE TO THE APPEARANCE OF A CONFLICT, IN WRITING, AND PRESENT TO THE BOARD FOR REVIEW PRIOR TO TAKING ANY ACTION THAT GIVES RISE TO THE CONFLICT; 2. REVIEW AND ANALYSIS OF CONFLICT BY THE BOARD, WITH RECOMMENDATION THAT ANY ACTIVITY THAT HAS THE APPEARANCE OF A CONFLICT, WHETHER ACTUAL CONFLICT EXISTS, SHOULD BE AVOIDED. IN CASES WHERE IT IS NOT POSSIBLE TO COMPLETELY AVOID CONFLICT OR THE APPEARANCE OF CONFLICT, REASONABLE EFFORTS ARE MADE TO MITIGATE EFFECTS OF A CONFLICT OF INTEREST. AT A MINIMUM, INDIVIDUAL(S) INVOLVED IN A SITUATION OR TRANSACTION THAT GIVES RISE TO CONFLICT OR THE APPEARANCE OF CONFLICT SHOULD DISLOSE THE SITUATION TO RELEVANT PARTIES AND RECUSE HIS OR HERSELF FROM ANY INVOLVEMENT IN THE DECISION(S) PERTAINING TO THE SUBJECT SITUATION OR TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:43:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0651203311
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIKOFF COMBS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 BISHOP STREET SUITE 2760
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0968133486
ReturnHeader/PreparerPersonGrp/PhoneNum08087911414
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHA LEE COMBS
ReturnHeader/ReturnTs02018-11-14T12:43:17-10:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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