Civic Intelligence

The Waikiki Improvement Association

EIN 99-0118423 • 501(c)4 • Honolulu, HI

Profile

The waikiki improvement association is devoted to improving the physical and social environment of waikiki, hawaii. The association works to secure capital improvement funds for waikiki, improve the investment climate, and foster long range planning and partnerships.

2270 Kalakaua Avenue Ste 1001Honolulu, HI 96815

www.waikikiimprovement.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.18x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.09x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

37th percentile

0.1%

Higher net margin than 37% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$247,017

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 30.5% of source-year revenue.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

50th percentile

3.5%

Faster asset growth than 50% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

3.6%

Faster revenue growth than 46% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$400,705

Up $13,455 (+3.5%) from 2023

Liabilities

Down

$73,383

Down $10,180 (-12%) from 2023

Net Assets

Up

$327,322

Up $23,635 (+7.8%) from 2023

Revenue

Up

$810,848

Up $28,096 (+3.6%) from 2023

Expenses

Up

$810,034

Up $61,083 (+8.2%) from 2023

Net Income

Down

$814

Down $32,987 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $279,586Liabilities 2010: $85,035Net Assets 2010: $194,5512010Assets 2011: $366,542Liabilities 2011: $186,051Net Assets 2011: $180,4912011Assets 2012: $381,090Liabilities 2012: $139,344Net Assets 2012: $241,7462012Assets 2013: $244,878Liabilities 2013: $40,297Net Assets 2013: $204,5812013Assets 2014: $253,959Liabilities 2014: $49,427Net Assets 2014: $204,5322014Assets 2015: $270,285Liabilities 2015: $49,336Net Assets 2015: $220,9492015Assets 2016: $334,686Liabilities 2016: $52,891Net Assets 2016: $281,7952016Assets 2017: $395,862Liabilities 2017: $93,138Net Assets 2017: $302,7242017Assets 2018: $331,833Liabilities 2018: $52,574Net Assets 2018: $279,2592018Assets 2019: $448,542Liabilities 2019: $64,528Net Assets 2019: $384,0142019Assets 2020: $303,345Liabilities 2020: $101,475Net Assets 2020: $201,8702020Assets 2021: $352,835Liabilities 2021: $56,255Net Assets 2021: $296,5802021Assets 2022: $366,325Liabilities 2022: $97,732Net Assets 2022: $268,5932022Assets 2023: $387,250Liabilities 2023: $83,563Net Assets 2023: $303,6872023Assets 2024: $400,705Liabilities 2024: $73,383Net Assets 2024: $327,3222024

Highlighted filing

2024

Assets$400,705
Liabilities$73,383
Net Assets$327,322

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $984,0972010Expenses 2011: $835,0162011Expenses 2012: $969,0562012Revenue 2013: $777,757Expenses 2013: $814,922Net Income 2013: -$37,1652013Revenue 2014: $766,661Expenses 2014: $766,710Net Income 2014: -$492014Revenue 2015: $812,522Expenses 2015: $796,105Net Income 2015: $16,4172015Revenue 2016: $821,215Expenses 2016: $760,369Net Income 2016: $60,8462016Revenue 2017: $814,595Expenses 2017: $793,666Net Income 2017: $20,9292017Revenue 2018: $676,554Expenses 2018: $700,019Net Income 2018: -$23,4652018Revenue 2019: $977,292Expenses 2019: $972,456Net Income 2019: $4,8362019Revenue 2020: $483,018Expenses 2020: $556,593Net Income 2020: -$73,5752020Revenue 2021: $496,473Expenses 2021: $451,749Net Income 2021: $44,7242021Revenue 2022: $656,635Expenses 2022: $654,484Net Income 2022: $2,1512022Revenue 2023: $782,752Expenses 2023: $748,951Net Income 2023: $33,8012023Revenue 2024: $810,848Expenses 2024: $810,034Net Income 2024: $8142024

Highlighted filing

2024

Revenue$810,848
Expenses$810,034
Net Income$814

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$0.73$3.27$8.11$8.10$0.01
2023Summary only. Only limited summary data is available for this year.$3.87$0.84$3.04$7.83$7.49$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.98$2.69$6.57$6.54$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.56$2.97$4.96$4.52$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$1.01$2.02$4.83$5.57$0.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.49$0.65$3.84$9.77$9.72$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.53$2.79$6.77$7.00$0.23
2017Summary only. Only limited summary data is available for this year.$3.96$0.93$3.03$8.15$7.94$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.53$2.82$8.21$7.60$0.61
2015Summary only. Only limited summary data is available for this year.$2.70$0.49$2.21$8.13$7.96$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.54$0.49$2.05$7.67$7.67$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.45$0.40$2.05$7.78$8.15$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$1.39$2.42$9.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$1.86$1.80$8.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.85$1.95$9.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$810,848
Mission and Program Overview

Mission

Devoted to improving the physical and social environment of waikiki, hawaii

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$183,012$279,236▲ $96,224
Prepaid Expenses and Deferred Charges$83,348$94,188▲ $10,840
Accounts Receivable$26,570$16,258▼ $10,312
Land, Buildings, and Equipment, Net$1,781$4,255▲ $2,474
Cash and Non-Interest-Bearing Accounts$89,638$1,413▼ $88,225
Total Assets$387,250$400,705▲ $13,455
Other Assets Total$2,901$5,355▲ $2,454
Liabilities
Accounts Payable and Accrued Expenses$83,563$73,383▼ $10,180
Total Liabilities$83,563$73,383▼ $10,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$181,319$181,561▲ $242
Net Assets With Donor Restrictions$122,368$145,761▲ $23,393
Total Net Assets Fund Balance$303,687$327,322▲ $23,635
Total Liabilities and Net Assets / Fund Balance$387,250$400,705▲ $13,455

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,255$10,276$14,531
Other Land Buildings$0$6,584$6,584
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard H EggedPresidentFT$222,489$24,528$222,489
Joann MorimotoVice PresidentFT$105,337$13,404$118,741

Board Members and Trustees

NameTitle
Thomas FotiChair
Jim SteinerPast Chair
Alika MauVice Chair
Debi BishopVice Chair
Jerry GibsonVice Chair
Julie NakayamaVice Chair
Patricia TamVice Chair
Rob RobinsonVice Chair
Scott IngwersVice Chair
Scott MiyasatoVice Chair
Aaron KanemaruDirector
Ashley FlynnDirector
Bruce NakaokaDirector
Christine CampDirector
Darrell DayoanDirector
Dawn HirayamaDirector
Desiree MosimanDirector
Don TakakiDirector
Donald KimDirector
Eron HodgesDirector
Glenn VergaraDirector
Henry PerezDirector
Hikaru UtsugiDirector
Jarrett WaltersDirector
Jeff LeeDirector
Jessika FodorDirector
Jon TavaresDirector
Julie PlantDirector
Kody PeacockDirector
Laurie AkauDirector
Maki KurodaDirector
Michael Hernandez-soriaDirector
Michael TroyDirector
Neal YokotaDirector
Neil MurakamiDirector
Pam YagiDirector
Sam ShenkusDirector
Scott DirksDirector
Sean GanhinhinDirector
Steve MillerDirector
Ted Tetsuya KuboDirector
Tom CalameDirector
Jennifer TomSecretary
Stephen KaaaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$341,490
Program Service Revenue
$0
Investment Income
$5,647
Other Revenue
$463,711
All Other Contributions
$112,400
Change in Net Assets
$814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$416,746
Other Expenses$393,288
Total Fundraising Expense$60,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$239,313$55,730$32,783$327,826
Occupancy$28,305$9,042$1,966$39,313
Other Employee Benefits$27,627$6,907$3,837$38,371
Comp Disqual Persons$14,034$10,062$2,383$26,479
Payroll Taxes$17,090$4,573$2,407$24,070
Fees for Services Other$16,926$3,817$1,579$22,322
Other Expenses$6,048$2,326$930$9,304
Fees for Services Accounting$6,293$1,678$420$8,391
Office Expenses$5,251$1,605$438$7,294
Conferences and Meetings$2,123$265$265$2,653
All Other Expenses$1,775$413$243$2,431
Insurance$1,503$578$231$2,312
Depreciation Depletion$951$366$146$1,463
Total Functional Expenses$639,052$110,616$60,366$810,034
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

SEE SCHEDULE O

Form 990, Part VI, Section B, Line 12C

SEE SCHEDULE O

Form 990, Part VI, Section B, Line 15

SEE SCHEDULE O

Form 990, Part VI, Section C, Line 18

SEE SCHEDULE O

Form 990, Part VI, Section C, Line 19

SEE SCHEDULE O

Filing and Contact Details

Filer

Filer Name
The Waikiki Improvement Association
EIN
99-0118423
Phone
8089231094
Address
2270 KALAKAUA AVENUE STE 1001, HONOLULU, HI 96815

Signing Officer

Name
Richard H Egged
Title
President
Phone
8089231042
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard H Egged
Formed
1967
Legal Domicile
Hi
Voting Board Members
43
Independent Board Members
43
Employees
4
Volunteers
0

Preparer

Firm
Eca Llp
Address
598 HALEKAUWILA STREET, HONOLULU, HI 96813
Preparer
Christopher K Lee
Phone
8085334244
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Cy deferred private contributions 145,761. Py deferred private contributions -122,940.

Raw XML AppendixShowing 400 of 768 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.

Path#Value
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IRS990/ActivityOrMissionDesc0DEVOTED TO IMPROVING THE PHYSICAL AND SOCIAL ENVIRONMENT OF WAIKIKI, HAWAII
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IRS990/Desc0THE ASSOCIATION IMPLEMENTS AND MANAGES PROGRAMS FOR THE ENJOYMENT OF VISITORS AND RESIDENTS BY WORKING IN PARTNERSHIP WITH MEMBERS AND GOVERNMENT TO IDENTIFY NEEDS, DEVELOP STRATEGIES, SHAPE PUBLIC POLICY AND IMPLEMENT PROGRAMS TO STRENGTHEN THE PHYSICAL AND ECONOMIC VITALITY OF WAIKIKI. THE ASSOCIATION MANAGES THE SUNSET ON THE BEACH PROGRAM IN PARTNERSHIP WITH THE CITY & COUNTY OF HONOLULU. THE ASSOCIATION ALSO SPONSORS THE WAIKIKI NEW YEAR'S FIREWORKS DISPLAY. THE ASSOCIATION PRODUCES EVENTS SUCH AS WAIKIKI HULA (FKA INTERNATIONAL WAIKIKI HULA CONFERENCE) AND IS A CO-SPONSOR OF THE PAN-PACIFIC FESTIVAL. THE ASSOCIATION IS LEADING A PROJECT TO UPDATE AND REWRITE THE WAIKIKI SPECIAL DISTRICT DESIGN GUIDELINES. THE GOAL OF THE REVISIONS IS TO PROVIDE CLEAR GUIDANCE TO DEVELOPERS, ARCHITECTS AND PROVIDE THE CITY & COUNTY OF HONOLULU DEPARTMENT OF PLANNING AND PERMITTING WITH OBJECTIVE CRITERIA WITH WHICH TO EVALUATE PROJECTS IN WAIKIKI. IN MAY 2018, THE ASSOCIATION APPROVED ESTABLISHING THE WAIKIKI TRANSPORTATION MANAGEMENT ASSOCIATION. THE WAIKIKI TRANSPORTATION MANAGEMENT ASSOCIATION AND THE CITY & COUNTY OF HONOLULU'S DEPARTMENT OF TRANSPORTATION SERVICES ENTERED INTO A MEMORANDUM OF AGREEMENT TO ESTABLISH AN EFFECTIVE, EQUITABLE, SUSTAINABLE AND SAFE MECHANISM TO MANAGE THE CITY & COUNTY OF HONOLULU'S PUBLIC RIGHT OF WAY, PARKING FACILITIES AND RELATED INFRASTRUCTURE WITHIN WAIKIKI.
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IRS990/Form990PartVIISectionAGrp/PersonNm42ROB ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm43KODY PEACOCK
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IRS990/Form990PartVIISectionAGrp/PersonNm45JOANN MORIMOTO
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR

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