Civic Intelligence

Valley Isle Timing Association

990EZ • Fiscal year 2020 • EIN 99-0237316

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 21, 2021

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

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

20th percentile

-23%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

28th percentile

-9.7%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-77%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$228,685

Down $24,650 (-9.7%) from 2019

Net Assets

Down

$228,163

Down $9,236 (-3.9%) from 2019

Liabilities

Down

$522

Down $15,414 (-97%) from 2019

Revenue

Down

$40,507

Down $134,578 (-77%) from 2019

Expenses

Down

$49,743

Down $114,147 (-70%) from 2019

Net Income

Down

-$9,236

Down $20,431 (-183%) from 2019

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

2020

Assets$228,685
Liabilities$522
Net Assets$228,163

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

2020

Revenue$40,507
Expenses$49,743
Net Income-$9,236
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 21, 2021
Return Version
2020v4.0
Gross Receipts
$40,749
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.-$39,325
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
MARK CAIRESTreasurer-$0--
KALEO FREITASPresident-$0--
RAY ORIKASAVice Preside-$0--
CAROL KURISUSecretary-$0--
MICHAEL MENDOZADirector-$0--
ERIK KOLLISTDirector-$0--
RANDY STOPNIKDirector-$0--
NELSON JORDETDirector-$0--
ROBERT BOTELHODirector-$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
2021-10-21
Discuss with paid preparer
Yes

Preparer

Firm
Kawahara Hu Llp
Address
77 HOOKELE ST FL 3, KAHULUI, HI 96732
Preparer
Robert S Kawahara
Phone
8082445531
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 518 office expense 570 travel 261 insurance 6,481 bank charges 1 equipment rental 613 fuel -123 general excise tax 22 grounds/track maintenance 1,062 licenses & permits 939 awards 1,913 portable toilets 1,557 trophies 537 track supplies 8,267 freight 2,097 gifts 700 meals 48 cash short/(over) -15 non-investment depreciation 7,684 total 33,132

Form 990-ez, Part II, Line 24

Inventories for sale or use 4,344 4,102 prepaid expenses and deferred charges 3,636 3,167 fixed assets 238,548 250,173 less accumulated depreciation 155,455 163,138 work in progress 52,275 40,649 software 6,246 6,246 less accumulated amortization 6,246 6,246 total 143,348 134,953

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 15,936 522

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 Appendix190 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0MARK CAIRES
CompensationExplanation/CompensationExplanationGrp/PersonNm1KALEO FREITAS
CompensationExplanation/CompensationExplanationGrp/PersonNm2RAY ORIKASA
CompensationExplanation/CompensationExplanationGrp/PersonNm3CAROL KURISU
CompensationExplanation/CompensationExplanationGrp/PersonNm4MICHAEL MENDOZA
CompensationExplanation/CompensationExplanationGrp/PersonNm5ERIK KOLLIST
CompensationExplanation/CompensationExplanationGrp/PersonNm6RANDY STOPNIK
CompensationExplanation/CompensationExplanationGrp/PersonNm7NELSON JORDET
CompensationExplanation/CompensationExplanationGrp/PersonNm8ROBERT BOTELHO
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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IRS990EZ/BooksInCareOfDetail/PhoneNum08082445531
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0KAHULUI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK CAIRES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KALEO FREITAS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CAROL KURISU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MICHAEL MENDOZA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ERIK KOLLIST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6RANDY STOPNIK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7NELSON JORDET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ROBERT BOTELHO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0143348
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0134953
IRS990EZ/OtherExpensesTotalAmt033132
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.
IRS990EZ/PrintingPublicationsPostageAmt0919
IRS990EZ/ProgramServiceRevenueAmt032518
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt039325
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt015936
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt049743
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0304
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt07600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt07006
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt013427
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt012941
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt041278
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07340
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04920
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt035120
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt033065
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0165534
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt09289
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0189385
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0153260
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0550533
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0626931
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0180474
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt021215
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0210132
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0174361
IRS990ScheduleA/Total509Grp/TotalAmt0626931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt040749
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0180474
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt021215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0210132
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0174361
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0626931
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 518 OFFICE EXPENSE 570 TRAVEL 261 INSURANCE 6,481 BANK CHARGES 1 EQUIPMENT RENTAL 613 FUEL -123 GENERAL EXCISE TAX 22 GROUNDS/TRACK MAINTENANCE 1,062 LICENSES & PERMITS 939 AWARDS 1,913 PORTABLE TOILETS 1,557 TROPHIES 537 TRACK SUPPLIES 8,267 FREIGHT 2,097 GIFTS 700 MEALS 48 CASH SHORT/(OVER) -15 NON-INVESTMENT DEPRECIATION 7,684 TOTAL 33,132
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 4,344 4,102 PREPAID EXPENSES AND DEFERRED CHARGES 3,636 3,167 FIXED ASSETS 238,548 250,173 LESS ACCUMULATED DEPRECIATION 155,455 163,138 WORK IN PROGRESS 52,275 40,649 SOFTWARE 6,246 6,246 LESS ACCUMULATED AMORTIZATION 6,246 6,246 TOTAL 143,348 134,953
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 15,936 522
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK CAIRES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08082445531
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY ISLE TIMING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0990237316
ReturnHeader/Filer/PhoneNum08082445531
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 330490
ReturnHeader/Filer/USAddress/CityNm0KAHULUI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096733
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844041433
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KAWAHARA HU LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt077 HOOKELE ST FL 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KAHULUI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096732
ReturnHeader/PreparerPersonGrp/PhoneNum08082445531
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT S KAWAHARA
ReturnHeader/ReturnTs02021-10-29T16:28:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAIRES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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