Civic Intelligence

Aio Foundation

990 • Fiscal year 2021 • EIN 94-3278794

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

1000 Bishop Street Suite 202Honolulu, HI 96813

(808) 534-7555

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.07x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

18th percentile

-1.7%

Higher net margin than 18% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

21st percentile

-0.5%

Faster asset growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-47%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$14,905,187

Down $77,886 (-0.5%) from 2020

Net Assets

Down

$14,759,341

Down $27,495 (-0.2%) from 2020

Liabilities

Down

$145,846

Down $50,391 (-26%) from 2020

Revenue

Down

$2,005,997

Down $1,774,524 (-47%) from 2020

Expenses

Down

$2,040,920

Down $575,711 (-22%) from 2020

Net Income

Down

-$34,923

Down $1,198,813 (-103%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $318,923Liabilities 2011: $142011Assets 2012: $328,235Liabilities 2012: $4892012Assets 2013: $351,910Liabilities 2013: $1,273Net Assets 2013: $350,6372013Assets 2014: $373,872Liabilities 2014: $1,864Net Assets 2014: $372,0082014Assets 2015: $334,278Liabilities 2015: $824Net Assets 2015: $333,4542015Assets 2016: $377,392Liabilities 2016: $8,141Net Assets 2016: $369,2512016Assets 2017: $1,946,652Liabilities 2017: $347,817Net Assets 2017: $1,598,8352017Assets 2018: $10,085,369Liabilities 2018: $1,236,158Net Assets 2018: $8,849,2112018Assets 2019: $14,231,226Liabilities 2019: $610,952Net Assets 2019: $13,620,2742019Assets 2020: $14,983,073Liabilities 2020: $196,237Net Assets 2020: $14,786,8362020Assets 2021: $14,905,187Liabilities 2021: $145,846Net Assets 2021: $14,759,3412021Assets 2022: $259,821Liabilities 2022: $60,627Net Assets 2022: $199,1942022Assets 2023: $134,097Liabilities 2023: $30,912Net Assets 2023: $103,1852023Assets 2024: $184,170Liabilities 2024: $53,122Net Assets 2024: $131,0482024

Highlighted filing

2021

Assets$14,905,187
Liabilities$145,846
Net Assets$14,759,341

Operations Trend

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

$20M$10M$0-$10M-$20MRevenue 2011: $38,319Expenses 2011: $36,344Net Income 2011: $1,9752011Revenue 2012: $46,850Expenses 2012: $46,604Net Income 2012: $2462012Revenue 2013: $47,006Expenses 2013: $43,117Net Income 2013: $3,8892013Revenue 2014: $82,338Expenses 2014: $58,117Net Income 2014: $24,2212014Revenue 2015: $49,172Expenses 2015: $64,018Net Income 2015: -$14,8462015Revenue 2016: $89,661Expenses 2016: $62,462Net Income 2016: $27,1992016Revenue 2017: $1,318,431Expenses 2017: $79,268Net Income 2017: $1,239,1632017Revenue 2018: $5,757,788Expenses 2018: $1,316,429Net Income 2018: $4,441,3592018Revenue 2019: $6,455,360Expenses 2019: $1,684,297Net Income 2019: $4,771,0632019Revenue 2020: $3,780,521Expenses 2020: $2,616,631Net Income 2020: $1,163,8902020Revenue 2021: $2,005,997Expenses 2021: $2,040,920Net Income 2021: -$34,9232021Revenue 2022: $298,998Expenses 2022: $14,859,722Net Income 2022: -$14,560,7242022Revenue 2023: $161,756Expenses 2023: $257,765Net Income 2023: -$96,0092023Revenue 2024: $138,959Expenses 2024: $111,096Net Income 2024: $27,8632024

Highlighted filing

2021

Revenue$2,005,997
Expenses$2,040,920
Net Income-$34,923
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$2,005,997
Mission and Program Overview

Mission

To bring together like-minded companies & community organizations who are committed to the future of hawaii's youth & education and eliminating the causes of hawaii's homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$14,786,836$14,759,341▼ $27,495
Land, Buildings, and Equipment, Net$14,574,023$14,230,966▼ $343,057
Savings and Temporary Cash Investments$405,909$671,080▲ $265,171
Accounts Receivable$3,141$3,141→ $0
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$14,983,073$14,905,187▼ $77,886
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$105,430$110,980▲ $5,550
Accounts Payable and Accrued Expenses$90,807$34,866▼ $55,941
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$196,237$145,846▼ $50,391
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,786,836$14,759,341▼ $27,495
Total Liabilities and Net Assets / Fund Balance$14,983,073$14,905,187▼ $77,886

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,199,124$675,117$14,874,241
Equipment$31,842$68,988$100,830
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kurisu DuaneDirector/president
Mel KaneshigeDirector/vice President
Donna Kodama-yeeDirector
John DeanDirector
Susan EichorDirector
Oliveira Jaime KinoshitaDirector/secretary
Ken MiyasatoDirector/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Newmark Grubb Cbi INCProperty Management1712 S KING STREET SUITE 201, Honolulu, HI 96826$121,360
Revenue and Support

Revenue Composition

Contributions and Grants
$713,890
Program Service Revenue
$1,291,800
Investment Income
$1
Other Revenue
$306
All Other Contributions
$243,394
Change in Net Assets
$-34,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,040,920
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
Occupancy$1,541,740--$1,541,740
Depreciation Depletion$350,256$229-$350,485
Fees for Services Accounting-$23,408-$23,408
Insurance$15,181$5,174-$20,355
Fees for Services Other$9,768--$9,768
Other Expenses$7,116--$7,116
Information Technology$628$3,747-$4,375
All Other Expenses$257$1,150-$1,407
Fees for Services Legal-$630-$630
Advertising-$177-$177
Office Expenses-$113-$113
Travel$68--$68
Total Functional Expenses$2,006,292$34,628$0$2,040,920
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental Deposit$110,980
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 35% controlled entity
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, Part VI, Line 2

Jaime kinoshita oliveria and duane kurisu - business relationship donna kodama-yee and duane kurisu - business relationship susan eichor and duane kurisu - business relationship ken miyasato and duane kurisu - business relationship

Form 990, Part VI, Line 11B

The treasurer reviews a draft of the form 990 prior to forwarding to the board for review via e-mail or at quarterly board meeting.

Form 990, Part VI, Line 12C

On an annual basis, aio Foundation has all its board members review the conflict-of-interest policy and complete an annual disclosure form. Board members are requested to disclose both real and perceived conflicts. The disclosures are diligently reviewed to ensure that there are no potentially conflicted entities or individuals within or affiliated with the aio Foundation.

Form 990, Part VI, Line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Aio Foundation
EIN
94-3278794
In Care Of
% JEFFREY TSUTSUSE
Phone
8085347555
Address
1000 BISHOP STREET SUITE 202, HONOLULU, HI 96813

Signing Officer

Name
Duane Kurisu
Title
President
Phone
8085379500
Signed
2022-11-14

Organization Details

Principal Officer
Ken Miyasato
Formed
1997
Legal Domicile
Hi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Ernst & Young US Llp
Address
4365 EXECUTIVE DRIVE SUITE 1600, SAN DIEGO, CA 92121
Preparer
Jocelyne C Miller
Phone
8585357200
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IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE FOLLOWING CHARITABLE AND EDUCATIONAL PURPOSES: (A) TO CELEBRATE AND SHOWCASE GREAT HAWAII STUDENTS AS ROLE MODELS FOR THEIR ACADEMIC AND ATHLETIC EFFORTS, ACCOMPLISHMENTS, STUDY AND SUCCESS; (B) TO TURN THE NATIONAL PASTIME OF BASEBALL INTO "A CHILD'S LESSON FOR ALL TIME" THROUGH PROGRAMS WHICH CONTRIBUTE TO THE HEALTH, EDUCATION AND WELFARE OF HAWAII'S CHILDREN; (C) TO SPONSOR ACADEMIC COMPETITIONS, INCLUDING BUT NOT LIMITED TO THE HAWAII STATE SPELLING BEE, THAT ENHANCE THE EDUCATIONAL EXPERIENCE OF HAWAII'S CHILDREN; (D) TO PROVIDE INSPIRATION FOR ADULTS AND CHILDREN TO BECOME RESPONSIBLE FOR THEMSELVES; (E) TO BRING TOGETHER LIKE-MINDED COMPANIES AND COMMUNITY ORGANIZATIONS WHO ARE COMMITTED TO THE FUTURE OF HAWAII'S YOUTH AND EDUCATION; (F) TO CONTRIBUTE TO THE RESOLUTION OF THE PROBLEM OF THE SHORTAGE OF HOUSING FOR HAWAII'S HOMELESS AND LOW-INCOME FAMILIES; (G) TO FACILITATE THE COALESCENCE OF PUBLIC AND PRIVATE ORGANIZATIONS AND
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IRS990/ProgSrvcAccomActy2Grp/Desc0A program in the state of Hawaii that assists and facilitates the spelling bee competitions. The program also serves to assist the state's eligible winners to go to regional and national competitions.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAIME KINOSHITA OLIVERIA AND DUANE KURISU - BUSINESS RELATIONSHIP DONNA KODAMA-YEE AND DUANE KURISU - BUSINESS RELATIONSHIP SUSAN EICHOR AND DUANE KURISU - BUSINESS RELATIONSHIP KEN MIYASATO AND DUANE KURISU - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER REVIEWS A DRAFT OF THE FORM 990 PRIOR TO FORWARDING TO THE BOARD FOR REVIEW VIA E-MAIL OR AT QUARTERLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2On an annual basis, aio Foundation has all its board members review the conflict-of-interest policy and complete an annual disclosure form. Board members are requested to disclose both real and perceived conflicts. The disclosures are diligently reviewed to ensure that there are no potentially conflicted entities or individuals within or affiliated with the aio Foundation.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.05$0.13$0.14$0.11$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.03$0.10$0.16$0.26$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.06$0.20$0.30$14.9$14.6
2021Detailed filing. Detailed filing data is available for this year.$14.9$0.15$14.8$2.01$2.04$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$0.20$14.8$3.78$2.62$1.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$0.61$13.6$6.46$1.68$4.77
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$1.24$8.85$5.76$1.32$4.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.35$1.60$1.32$0.08$1.24
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$0.09$0.06$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.05$0.06$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.08$0.06$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.05$0.04$0.00
2012Summary only. Only limited summary data is available for this year.$0.33$0.00$0.05$0.05$0.00
2011Summary only. Only limited summary data is available for this year.$0.32$0.00$0.04$0.04$0.00