Civic Intelligence

Hawaii Surfing Development Foundation

990 • Fiscal year 2018 • EIN 47-5286346

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 10, 2019

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

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

100th percentile

211%

Higher net margin than 100% 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.

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

Asset Growth

3rd percentile

-87%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Annualized from 2017 to 2018

Assets

Down

$41,202

Down $272,797 (-87%) from 2017

Net Assets

Down

$34,193

Down $272,797 (-89%) from 2017

Liabilities

Flat

$7,009

Flat from 2017

Revenue

Down

-$129,541

Down $441,167 (-142%) from 2017

Expenses

Up

$143,256

Up $138,620 (+2990%) from 2017

Net Income

Down

-$272,797

Down $579,787 (-189%) from 2017

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

2018

Assets$41,202
Liabilities$7,009
Net Assets$34,193

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

2018

Revenue-$129,541
Expenses$143,256
Net Income-$272,797
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 10, 2019
Return Version
2018v3.1
Gross Receipts
$153,531
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$28,125▼ $285,874
Land, Buildings, and Equipment, Net-$8,577-
Inventories for Sale or Use-$4,500-
Total Assets$313,999$41,202▼ $272,797
Liabilities
Other Liabilities$7,009$7,009→ $0
Total Liabilities$7,009$7,009→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$306,990$34,193▼ $272,797
Total Net Assets Fund Balance$306,990$34,193▼ $272,797
Total Liabilities and Net Assets / Fund Balance$313,999$41,202▼ $272,797

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,577$613$9,190
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jodi WilmottPresident
Joel CenteioDirector
Kaipo GuerreroDirector
Makuakai RothmanDirector
Mike ChlalaDirector
Lauren RollandSecretary
Wendy StaffordTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wsl HawaiiEvent Productio66-250 KAMEHAMEHA HWY D200, Haleiwa, HI 96712$111,000
Revenue and Support

Revenue Composition

Contributions and Grants
$10,495
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-140,036
All Other Contributions
$10,495
Change in Net Assets
$-272,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,256
Grants and Similar Amounts Paid$8,000
Total Fundraising Expense$3,851
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$123,747--$123,747
Grants to Domestic Orgs$5,500--$5,500
Office Expenses-$559$3,851$4,410
Fees for Services Accounting-$3,677-$3,677
Insurance-$2,809-$2,809
Grants to Domestic Individuals$2,500--$2,500
Depreciation Depletion$613--$613
Total Functional Expenses$132,360$7,045$3,851$143,256
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
Yes
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 disclose 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
2019-07-10

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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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 DISCLOSE 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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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132360
IRS990/TotalFunctionalExpensesGrp/TotalAmt0143256
IRS990/TotalGrossUBIAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0306990
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0HYSDO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JODI WILMOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08082588533
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAWAII YOUTH SURFING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ORGANIZATION
ReturnHeader/Filer/BusinessNameControlTxt0HAWA
ReturnHeader/Filer/EIN0475286346
ReturnHeader/Filer/PhoneNum08082588533
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 223
ReturnHeader/Filer/USAddress/CityNm0HALEIWA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0721A572321C5C57E21C096A27A9FFC01D1F8A470
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D66E6C0ED6B8D10EB77FE8EBB90BBB8218071568
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.165.38.202
ReturnHeader/FilingSecurityInformation/IPDt02019-07-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm019:20:15
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/PreparationDt02019-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHA LEE COMBS
ReturnHeader/ReturnTs02019-07-16T19:20:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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