Civic Intelligence

Valley Isle Timing Association

990EZ • Fiscal year 2014 • EIN 99-0237316

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 08, 2015

PO Box 330490Kahului, HI 96733

(808) 244-5531

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

31st percentile

-4.5%

Higher net margin than 31% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

34th percentile

-5.9%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-14%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$216,659

Down $13,555 (-5.9%) from 2013

Net Assets

Down

$210,032

Down $6,861 (-3.2%) from 2013

Liabilities

Down

$6,627

Down $6,694 (-50%) from 2013

Revenue

Down

$153,563

Down $24,250 (-14%) from 2013

Expenses

Down

$160,424

Down $26,847 (-14%) from 2013

Net Income

Up

-$6,861

Up $2,597 (+27%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $221,644Liabilities 2010: $70Net Assets 2010: $221,5742010Assets 2011: $228,891Liabilities 2011: $129Net Assets 2011: $228,7622011Assets 2012: $226,419Liabilities 2012: $68Net Assets 2012: $226,3512012Assets 2013: $230,214Liabilities 2013: $13,321Net Assets 2013: $216,8932013Assets 2014: $216,659Liabilities 2014: $6,627Net Assets 2014: $210,0322014Assets 2015: $244,803Liabilities 2015: $4,467Net Assets 2015: $240,3362015Assets 2016: $240,723Liabilities 2016: $2,335Net Assets 2016: $238,3882016Assets 2017: $258,679Liabilities 2017: $1,902Net Assets 2017: $256,7772017Assets 2018: $226,770Liabilities 2018: $566Net Assets 2018: $226,2042018Assets 2019: $253,335Liabilities 2019: $15,936Net Assets 2019: $237,3992019Assets 2020: $228,685Liabilities 2020: $522Net Assets 2020: $228,1632020Assets 2021: $205,531Liabilities 2021: $1,2132021Assets 2022: $231,723Liabilities 2022: $927Net Assets 2022: $230,7962022Assets 2023: $242,856Liabilities 2023: $351Net Assets 2023: $242,5052023Assets 2024: $227,070Liabilities 2024: $4,959Net Assets 2024: $222,1112024

Highlighted filing

2014

Assets$216,659
Liabilities$6,627
Net Assets$210,032

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $184,054Expenses 2010: $168,742Net Income 2010: $15,3122010Revenue 2011: $151,113Expenses 2011: $143,925Net Income 2011: $7,1882011Revenue 2012: $164,335Expenses 2012: $166,744Net Income 2012: -$2,4092012Revenue 2013: $177,813Expenses 2013: $187,271Net Income 2013: -$9,4582013Revenue 2014: $153,563Expenses 2014: $160,424Net Income 2014: -$6,8612014Revenue 2015: $175,952Expenses 2015: $145,648Net Income 2015: $30,3042015Revenue 2016: $178,621Expenses 2016: $180,569Net Income 2016: -$1,9482016Revenue 2017: $202,653Expenses 2017: $184,264Net Income 2017: $18,3892017Revenue 2018: $20,835Expenses 2018: $51,408Net Income 2018: -$30,5732018Revenue 2019: $175,085Expenses 2019: $163,890Net Income 2019: $11,1952019Revenue 2020: $40,507Expenses 2020: $49,743Net Income 2020: -$9,2362020Revenue 2021: $0Expenses 2021: $23,845Net Income 2021: -$23,8452021Revenue 2022: $210,624Expenses 2022: $184,145Net Income 2022: $26,4792022Revenue 2023: $173,099Expenses 2023: $161,092Net Income 2023: $12,0072023Revenue 2024: $212,715Expenses 2024: $233,109Net Income 2024: -$20,3942024

Highlighted filing

2014

Revenue$153,563
Expenses$160,424
Net Income-$6,861
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 8, 2015
Return Version
2014v5.0
Gross Receipts
$160,150
Mission and Program Overview

Mission

To promote and understand the safe use and operation of motor vehicles, to learn and understand the fundamentals and mechanical operations of vehicles.

Program Services

DescriptionGrantsExpenses
TO PROMOTE GOOD SPORTSMANSHIP AND FELLOWSHIP AMONG ITS MEMBERS AND THE COMMUNITY, AND TO PROVIDE AND REGULATE MOTOR SPORTS ACTIVITIES.-$152,448
TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SYLVA KENNETHPresident-$0--
CAIRES MARKTreasurer-$0--
HULTQUIST IRENESecretary-$0--
AMORAL JOEYDirector-$0--
YAMASHITA SHAYNEVice-Preside-$0--
FREITAS KALEODirector-$0--
KEKUMU SEANDirector-$0--
KAMETANI RICKYDirector-$0--
MENDOZA MICHAELDirector-$0--
Filing and Contact Details

Filer

Filer Name
Valley Isle Timing Association
EIN
99-0237316
Phone
8082445531
Address
PO BOX 330490, KAHULUI, HI 96733

Signing Officer

Name
Mark Caires
Title
Treasurer
Phone
8082445531
Signed
2015-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Kawahara & Company Cpas LLC
Address
840 ALUA STREET SUITE 203, WAILUKU, HI 96793-1482
Preparer
Robert S Kawahara
Phone
8082445531
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 2,009 office supplies 1,529 insurance 13,717 bank charges 68 banquet 2,141 dues & subscriptions 226 equipment rental 2,880 fuel 5,169 general excise tax 380 grounds/track maintenance 3,049 licenses & permits 3,563 awards 31,178 portable toilets 6,608 trophies 6,346 waste disposal 4,464 track supplies 9,199 freight 1,264 meals 525 lighting project-tower 5,053 track equipment 114 non-investment depreciation 12,600 total 112,082

Form 990-ez, Part II, Line 24

Accounts receivable 402 0 inventories for sale or use 1,745 4,386 prepaid expenses and deferred charges 4,626 3,767 209,373 218,679 less accumulated depreciation 84,556 97,155 6,246 6,246 less accumulated amortization 6,246 6,246 work in progress 40,650 40,650 total 172,240 170,327

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 11,981 4,677 deferred revenue 1,340 1,950

Form 990-ez, Part III

To promote and understand the safe use and operation of motor vehicles, to learn and understand the fundamentals and mechanical operations of vehicles.

Form 990-ez, Part III, Line 31

To promote and understand the safe use and operation of motor vehicles, to learn and understand the fundamentals and mechanical operations of vehicles.

Raw XML Appendix179 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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IRS990EZ/OperateHospitalInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 2,009 OFFICE SUPPLIES 1,529 INSURANCE 13,717 BANK CHARGES 68 BANQUET 2,141 DUES & SUBSCRIPTIONS 226 EQUIPMENT RENTAL 2,880 FUEL 5,169 GENERAL EXCISE TAX 380 GROUNDS/TRACK MAINTENANCE 3,049 LICENSES & PERMITS 3,563 AWARDS 31,178 PORTABLE TOILETS 6,608 TROPHIES 6,346 WASTE DISPOSAL 4,464 TRACK SUPPLIES 9,199 FREIGHT 1,264 MEALS 525 LIGHTING PROJECT-TOWER 5,053 TRACK EQUIPMENT 114 NON-INVESTMENT DEPRECIATION 12,600 TOTAL 112,082
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 402 0 INVENTORIES FOR SALE OR USE 1,745 4,386 PREPAID EXPENSES AND DEFERRED CHARGES 4,626 3,767 209,373 218,679 LESS ACCUMULATED DEPRECIATION 84,556 97,155 6,246 6,246 LESS ACCUMULATED AMORTIZATION 6,246 6,246 WORK IN PROGRESS 40,650 40,650 TOTAL 172,240 170,327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 11,981 4,677 DEFERRED REVENUE 1,340 1,950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARK CAIRES
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ReturnHeader/BusinessOfficerGrp/PhoneNum08082445531
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-08
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0840 ALUA STREET SUITE 203
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
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ReturnHeader/PreparerPersonGrp/PhoneNum08082445531
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT S KAWAHARA
ReturnHeader/ReturnTs02015-11-16T14:05:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.05$2.22$2.13$2.33$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$1.73$1.61$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.32$0.01$2.31$2.11$1.84$0.26
2021Summary only. Only limited summary data is available for this year.$2.06$0.01$0.00$0.24$0.24
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.01$2.28$0.41$0.50$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.16$2.37$1.75$1.64$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.26$0.21$0.51$0.31
2017Detailed filing. Detailed filing data is available for this year.$2.59$0.02$2.57$2.03$1.84$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.41$0.02$2.38$1.79$1.81$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.45$0.04$2.40$1.76$1.46$0.30
2014Detailed filing. Detailed filing data is available for this year.$2.17$0.07$2.10$1.54$1.60$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.30$0.13$2.17$1.78$1.87$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.00$2.26$1.64$1.67$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.00$2.29$1.51$1.44$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.00$2.22$1.84$1.69$0.15