Civic Intelligence

Hawaii Operating Engineers Industry Stabilization Trust Fund

990 • Fiscal year 2015 • EIN 99-0262008

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

1640 South Loop RoadAlameda, CA 94502

(510) 337-3050

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

0.03x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Net Margin

34th percentile

0.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

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

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Asset Growth

20th percentile

-4.1%

Faster asset growth than 20% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

79th percentile

15%

Faster revenue growth than 79% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Flat

$3,261,230

Flat from 2015

Net Assets

Flat

$3,216,887

Flat from 2015

Liabilities

Flat

$44,343

Flat from 2015

Revenue

Flat

$1,388,985

Flat from 2015

Expenses

Flat

$1,378,082

Flat from 2015

Net Income

Flat

$10,903

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,993,138Liabilities 2010: $15,679Net Assets 2010: $3,977,4592010Assets 2011: $4,173,070Liabilities 2011: $36,330Net Assets 2011: $4,136,7402011Assets 2012: $3,938,490Liabilities 2012: $48,558Net Assets 2012: $3,889,9322012Assets 2013: $3,705,928Liabilities 2013: $40,027Net Assets 2013: $3,665,9012013Assets 2014: $3,400,271Liabilities 2014: $62,038Net Assets 2014: $3,338,2332014Assets 2015: $3,261,230Liabilities 2015: $44,343Net Assets 2015: $3,216,8872015Assets 2015: $3,261,230Liabilities 2015: $44,343Net Assets 2015: $3,216,8872015Assets 2016: $3,730,237Liabilities 2016: $102,426Net Assets 2016: $3,627,8112016Assets 2017: $4,433,050Liabilities 2017: $141,899Net Assets 2017: $4,291,1512017Assets 2018: $4,709,238Liabilities 2018: $156,566Net Assets 2018: $4,552,6722018Assets 2019: $5,350,482Liabilities 2019: $126,226Net Assets 2019: $5,224,2562019Assets 2020: $6,085,272Liabilities 2020: $137,735Net Assets 2020: $5,947,5372020Assets 2021: $6,577,083Liabilities 2021: $97,978Net Assets 2021: $6,479,1052021Assets 2022: $6,091,645Liabilities 2022: $87,378Net Assets 2022: $6,004,2672022Assets 2023: $6,002,539Liabilities 2023: $119,260Net Assets 2023: $5,883,2792023Assets 2024: $5,760,507Liabilities 2024: $108,183Net Assets 2024: $5,652,3242024

Highlighted filing

2015

Assets$3,261,230
Liabilities$44,343
Net Assets$3,216,887

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,310,900Expenses 2010: $1,050,564Net Income 2010: $260,3362010Revenue 2011: $1,247,181Expenses 2011: $1,200,165Net Income 2011: $47,0162011Revenue 2012: $1,277,309Expenses 2012: $1,685,561Net Income 2012: -$408,2522012Revenue 2013: $1,195,842Expenses 2013: $1,274,197Net Income 2013: -$78,3552013Revenue 2014: $1,207,778Expenses 2014: $1,568,311Net Income 2014: -$360,5332014Revenue 2015: $1,388,985Expenses 2015: $1,378,082Net Income 2015: $10,9032015Revenue 2015: $1,388,985Expenses 2015: $1,378,082Net Income 2015: $10,9032015Revenue 2016: $1,657,170Expenses 2016: $1,341,806Net Income 2016: $315,3642016Revenue 2017: $2,103,036Expenses 2017: $1,513,017Net Income 2017: $590,0192017Revenue 2018: $2,058,894Expenses 2018: $1,642,452Net Income 2018: $416,4422018Revenue 2019: $2,147,761Expenses 2019: $1,588,669Net Income 2019: $559,0922019Revenue 2020: $2,002,192Expenses 2020: $1,301,269Net Income 2020: $700,9232020Revenue 2021: $2,127,402Expenses 2021: $1,469,714Net Income 2021: $657,6882021Revenue 2022: $1,983,314Expenses 2022: $1,839,214Net Income 2022: $144,1002022Revenue 2023: $1,291,639Expenses 2023: $1,659,842Net Income 2023: -$368,2032023Revenue 2024: $1,411,131Expenses 2024: $1,740,447Net Income 2024: -$329,3162024

Highlighted filing

2015

Revenue$1,388,985
Expenses$1,378,082
Net Income$10,903
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,388,985
Mission and Program Overview

Mission

NONE

To promote and develop programs and services for hawaii's construction industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,338,233$3,216,887▼ $121,346
Investments in Publicly Traded Securities$2,543,602$1,725,921▼ $817,681
Investments Other Securities$0$904,934▲ $904,934
Cash and Non-Interest-Bearing Accounts$161,849$350,741▲ $188,892
Accounts Receivable$201,667$212,153▲ $10,486
Land, Buildings, and Equipment, Net$41,555$56,827▲ $15,272
Prepaid Expenses and Deferred Charges$5,318$6,077▲ $759
Savings and Temporary Cash Investments$446,280$4,577▼ $441,703
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,400,271$3,261,230▼ $139,041
Liabilities
Accounts Payable and Accrued Expenses$46,756$29,032▼ $17,724
Other Liabilities$15,282$15,311▲ $29
Total Liabilities$62,038$44,343▼ $17,695
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,338,233$3,216,887▼ $121,346
Total Liabilities and Net Assets / Fund Balance$3,400,271$3,261,230▼ $139,041

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$56,827$89,852$146,679
Equipment$0$11,877$11,877
Other Securities$904,934--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lance WilhelmChairman
Dan RedingTrustee
Ken KawamotoTrustee
Kenneth KobatakeTrustee
Pane MeatogaTrustee
Russell BurnsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,311,186
Investment Income
$77,799
Other Revenue
$0
Change in Net Assets
$10,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,388,985
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-132,249
Total Revenue per Audited Statements
$1,256,736
Total Revenue per Form 990
$1,388,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$983,675
Other Expenses$394,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$459,316
Current Officers, Directors, Trustees, and Key Employees---$179,141
Pension Plan Contributions---$177,215
Other Employee Benefits---$112,473
Office Expenses---$81,329
Fees for Services Legal---$76,756
Travel---$68,371
Payroll Taxes---$55,530
Insurance---$20,501
Fees for Services Management---$17,511
Depreciation Depletion---$15,289
Fees for Services Accounting---$13,064
Other Expenses---$5,206
Conferences and Meetings---$2,650
All Other Expenses---$1,500
Total Functional Expenses$0$0$0$1,378,082

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,378,082
Total Expenses per Audited Statements$1,378,082
Total Expenses per Form 990$1,378,082
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Operating Engineers Multi Service Acct$15,311
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to the contract administrator.

Form 990, Part VI, Section A, Line 8B

The fund does not have sub-committees that have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The trustees designate the administrator to review the form.

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

To monitor and enforce compliance with the conflict of interest policy the fund employs a senior vice president chief compliance officer.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Hawaii Operating Engineers Industry
EIN
99-0262008
Phone
5103373050
Address
1640 SOUTH LOOP ROAD, ALAMEDA, CA 94502

Signing Officer

Name
Trustee Trustee
Title
Trustee
Phone
5103373050
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
0

Preparer

Firm
HEMMING MORSE CPA'S AND CONSULTANTS
Address
155 BOVET ROAD SUITE 600, SAN MATEO, CA 94402
Phone
4158364000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The board of trustees assumes responsibility for oversight of the audit of the plan's financial statements and selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The trust has adopted guidance on accounting for uncertainty in income taxes issued by the financial accounting standards board. The trust administrator believes that the trust has not taken uncertain tax positions that require adjustment to the financial statements as a tax liability. The trust administrator believes it is no longer subject to income tax examinations for fiscal years prior to december 31, 2012.

Raw XML Appendix335 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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IRS990ScheduleD/RevenueSubtotalAmt01388985
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST HAS ADOPTED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD. THE TRUST ADMINISTRATOR BELIEVES THAT THE TRUST HAS NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS AS A TAX LIABILITY. THE TRUST ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO DECEMBER 31, 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056827
IRS990ScheduleD/TotalBookValueSecuritiesAmt0904934
IRS990ScheduleD/TotalExpensesPerForm990Amt01378082
IRS990ScheduleD/TotalLiabilityAmt015311
IRS990ScheduleD/TotalRevenuePerForm990Amt01388985
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01256736
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01378082
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS OR TRUSTEES, OR KEY EMPLOYEES TO THE CONTRACT ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND DOES NOT HAVE SUB-COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES DESIGNATE THE ADMINISTRATOR TO REVIEW THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THE FUND EMPLOYS A SENIOR VICE PRESIDENT CHIEF COMPLIANCE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE PLAN'S FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03400271
IRS990/TotalAssetsEOYAmt03261230
IRS990/TotalAssetsGrp/BOYAmt03400271
IRS990/TotalAssetsGrp/EOYAmt03261230
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt01378082
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062038
IRS990/TotalLiabilitiesEOYAmt044343
IRS990/TotalLiabilitiesGrp/BOYAmt062038
IRS990/TotalLiabilitiesGrp/EOYAmt044343
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03338233
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03216887
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01311186
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt077799
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01311186
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01388985
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03400271
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03261230
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt068371
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01640 SOUTH LOOP ROAD
IRS990/USAddress/CityNm0ALAMEDA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094502
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRUSTEE TRUSTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05103373050
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAWAII OPERATING ENGINEERS INDUSTRY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0STABILIZATION TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0HAWA
ReturnHeader/Filer/EIN0990262008
ReturnHeader/Filer/PhoneNum05103373050
ReturnHeader/Filer/USAddress/AddressLine1Txt01640 SOUTH LOOP ROAD
ReturnHeader/Filer/USAddress/CityNm0ALAMEDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094502
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300702322
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HEMMING MORSE CPA'S AND CONSULTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 BOVET ROAD SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094402
ReturnHeader/PreparerPersonGrp/PhoneNum04158364000
ReturnHeader/ReturnTs02016-11-09T13:46:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.76$0.11$5.65$1.41$1.74$0.33
2023Summary only. Only limited summary data is available for this year.$6.00$0.12$5.88$1.29$1.66$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.09$6.00$1.98$1.84$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.58$0.10$6.48$2.13$1.47$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.09$0.14$5.95$2.00$1.30$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.35$0.13$5.22$2.15$1.59$0.56
2018Summary only. Only limited summary data is available for this year.$4.71$0.16$4.55$2.06$1.64$0.42
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$0.14$4.29$2.10$1.51$0.59
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.10$3.63$1.66$1.34$0.32
2015Detailed filing. Detailed filing data is available for this year.$3.26$0.04$3.22$1.39$1.38$0.01
2015Summary only. Only limited summary data is available for this year.$3.26$0.04$3.22$1.39$1.38$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.40$0.06$3.34$1.21$1.57$0.36
2013Summary only. Only limited summary data is available for this year.$3.71$0.04$3.67$1.20$1.27$0.08
2012Summary only. Only limited summary data is available for this year.$3.94$0.05$3.89$1.28$1.69$0.41
2011Summary only. Only limited summary data is available for this year.$4.17$0.04$4.14$1.25$1.20$0.05
2010Summary only. Only limited summary data is available for this year.$3.99$0.02$3.98$1.31$1.05$0.26