Civic Intelligence

Waikiki Business Improvement District Association

EIN 99-0351832 • 501(c)3 • Honolulu, HI

Profile

The waikiki business improvement district association (wbida) is a non-profit 501(c)(3) corporation formed pursuant to honolulu city ordinance number 00-40 for the purpose of implementing and managing the service programs designed to improve security, sanitation, and combat community deterioration in the waikiki area of honolulu. The wbida activities supplement the level of services provided to the area by the city and county of honolulu.

227 Lewers Street Box 202Honolulu, HI 96815

www.waikikibid.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.20x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$128,956

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

7th percentile

-30%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,833,337

Down $801,519 (-30%) from 2023

Liabilities

Down

$365,169

Down $41,649 (-10%) from 2023

Net Assets

Down

$1,468,168

Down $759,870 (-34%) from 2023

Revenue

Up

$4,504,488

Up $484,829 (+12%) from 2023

Expenses

Up

$5,264,358

Up $401,514 (+8.3%) from 2023

Net Income

Up

-$759,870

Up $83,315 (+9.9%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,062,262Liabilities 2010: $173,722Net Assets 2010: $888,5402010Assets 2011: $1,098,272Liabilities 2011: $197,277Net Assets 2011: $900,9952011Assets 2012: $1,071,159Liabilities 2012: $176,504Net Assets 2012: $894,6552012Assets 2013: $1,020,228Liabilities 2013: $148,388Net Assets 2013: $871,8402013Assets 2014: $1,181,955Liabilities 2014: $193,712Net Assets 2014: $988,2432014Assets 2015: $1,254,770Liabilities 2015: $194,603Net Assets 2015: $1,060,1672015Assets 2016: $1,464,620Liabilities 2016: $232,645Net Assets 2016: $1,231,9752016Assets 2017: $1,763,413Liabilities 2017: $249,354Net Assets 2017: $1,514,0592017Assets 2018: $2,046,208Liabilities 2018: $300,134Net Assets 2018: $1,746,0742018Assets 2019: $2,304,570Liabilities 2019: $294,917Net Assets 2019: $2,009,6532019Assets 2020: $2,579,124Liabilities 2020: $288,905Net Assets 2020: $2,290,2192020Assets 2021: $3,494,908Liabilities 2021: $265,388Net Assets 2021: $3,229,5202021Assets 2022: $3,404,078Liabilities 2022: $332,855Net Assets 2022: $3,071,2232022Assets 2023: $2,634,856Liabilities 2023: $406,818Net Assets 2023: $2,228,0382023Assets 2024: $1,833,337Liabilities 2024: $365,169Net Assets 2024: $1,468,1682024

Highlighted filing

2024

Assets$1,833,337
Liabilities$365,169
Net Assets$1,468,168

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,041,6732010Expenses 2011: $2,069,4152011Expenses 2012: $2,212,6532012Expenses 2013: $2,250,8332013Revenue 2014: $2,437,669Expenses 2014: $2,321,266Net Income 2014: $116,4032014Revenue 2015: $2,647,989Expenses 2015: $2,576,065Net Income 2015: $71,9242015Revenue 2016: $2,937,821Expenses 2016: $2,766,013Net Income 2016: $171,8082016Revenue 2017: $3,293,818Expenses 2017: $3,011,734Net Income 2017: $282,0842017Revenue 2018: $3,570,638Expenses 2018: $3,338,623Net Income 2018: $232,0152018Revenue 2019: $3,969,164Expenses 2019: $3,705,585Net Income 2019: $263,5792019Revenue 2020: $4,180,720Expenses 2020: $3,900,154Net Income 2020: $280,5662020Revenue 2021: $4,322,999Expenses 2021: $3,383,698Net Income 2021: $939,3012021Revenue 2022: $3,734,708Expenses 2022: $3,893,005Net Income 2022: -$158,2972022Revenue 2023: $4,019,659Expenses 2023: $4,862,844Net Income 2023: -$843,1852023Revenue 2024: $4,504,488Expenses 2024: $5,264,358Net Income 2024: -$759,8702024

Highlighted filing

2024

Revenue$4,504,488
Expenses$5,264,358
Net Income-$759,870

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.83$0.37$1.47$4.50$5.26$0.76
2023Detailed filing. Detailed filing data is available for this year.$2.63$0.41$2.23$4.02$4.86$0.84
2022Detailed filing. Detailed filing data is available for this year.$3.40$0.33$3.07$3.73$3.89$0.16
2021Detailed filing. Detailed filing data is available for this year.$3.49$0.27$3.23$4.32$3.38$0.94
2020Detailed filing. Detailed filing data is available for this year.$2.58$0.29$2.29$4.18$3.90$0.28
2019Detailed filing. Detailed filing data is available for this year.$2.30$0.29$2.01$3.97$3.71$0.26
2018Detailed filing. Detailed filing data is available for this year.$2.05$0.30$1.75$3.57$3.34$0.23
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.25$1.51$3.29$3.01$0.28
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.23$1.23$2.94$2.77$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.19$1.06$2.65$2.58$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.18$0.19$0.99$2.44$2.32$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.15$0.87$2.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.18$0.89$2.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.20$0.90$2.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.17$0.89$2.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 12, 2025
Return Version
2023v6.0
Gross Receipts
$4,504,488
Mission and Program Overview

Mission

The waikiki business improvement district association (wbida) is a non-profit 501(c)(3) corporation formed pursuant to honolulu city ordinance number 00-40 for the purpose of implementing and managing the service programs designed to improve security, sanitation, and combat community deterioration in the waikiki area of honolulu. The wbida activities supplement the level of services provided to the area by the city and county of honolulu.

To enhance the quality of life in waikiki by providing businesses, visitors, employees and residents of waikiki with a safe, clean, and enjoyable environment in which to live, work, and play.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,351,954$1,391,149▼ $960,805
Accounts Receivable$207,723$396,133▲ $188,410
Intangible Assets$54,599--
Prepaid Expenses and Deferred Charges$14,728$26,096▲ $11,368
Pledges and Grants Receivable-$12,500-
Land, Buildings, and Equipment, Net$5,852$7,459▲ $1,607
Total Assets$2,634,856$1,833,337▼ $801,519
Liabilities
Accounts Payable and Accrued Expenses$349,565$360,677▲ $11,112
Other Liabilities$57,253$4,492▼ $52,761
Total Liabilities$406,818$365,169▼ $41,649
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,128,038$1,394,286▼ $733,752
Net Assets With Donor Restrictions$100,000$73,882▼ $26,118
Total Net Assets Fund Balance$2,228,038$1,468,168▼ $759,870
Total Liabilities and Net Assets / Fund Balance$2,634,856$1,833,337▼ $801,519

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,459$81,196$88,655
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David WillardSee ScheduleFT$117,300$11,656$128,956
Suzanne KirioSee ScheduleFT$102,632$11,208$113,840
Trevor AbarzuaSee ScheduleFT$86,391$12,431$98,822

Board Members and Trustees

NameTitle
Paul KosasaChair
Bruce NakaokaVice Chair
Jason ItoVice Chair
Mike ShaffVice Chair
Patricia TamVice Chair
Alika MauDirector
Andrew KawanoDirector
Andy SuggDirector
Austin TominagaDirector
Chi MokDirector
Dave KajihiroDirector
Debi BishopDirector
Dylan ChingDirector
Eron HodgesDirector
Gene AlbanoDirector
George KamDirector
James SlayterDirector
Julie PlantDirector
Laurie AkauDirector
Mark DemelloDirector
Michael CoxDirector
Mike KassDirector
Robert FinleyDirector
Tommy WatersDirector
Paul ShojiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Block By Block LLCHospitality/sec2929 SOUTH FLOYD STREET, 2929 SOUTH FLOYD STREET, Louisville, KY 40209$3,594,458
Landscape Hawaii INCLandscape Svcs2621 WAIWAI LOOP, 2621 WAIWAI LOOP, Honolulu, HI 96819$582,499
Revenue and Support

Revenue Composition

Contributions and Grants
$4,503,718
Program Service Revenue
$0
Investment Income
$770
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$-759,870

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,504,488
Revenue Not Reported on Form 990
$74,118
Total Revenue per Audited Statements
$4,578,606
Total Revenue per Form 990
$4,504,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,484,806
Salaries, Compensation, and Employee Benefits$608,138
Grants and Similar Amounts Paid$171,414
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$185,647$184,015-$369,662
Other Expenses$228,067--$228,067
All Other Expenses$196,223$2,905-$199,128
Grants to Domestic Orgs$171,414--$171,414
Other Salaries and Wages$137,250$4,000-$141,250
Occupancy$43,955$25,241-$69,196
Payroll Taxes$26,176$18,564-$44,740
Other Employee Benefits$28,508$10,489-$38,997
Information Technology$19,391$11,136-$30,527
Office Expenses$16,950$9,733-$26,683
Insurance$11,094$6,371-$17,465
Conferences and Meetings$8,823$5,067-$13,890
Pension Plan Contributions$8,721$4,768-$13,489
Fees for Services Accounting$7,580$4,353-$11,933
Travel$6,457$3,708-$10,165
Fees for Services Other$4,114$2,362-$6,476
Depreciation Depletion$1,835$1,053-$2,888
Fees for Services Legal$199$115-$314
Total Functional Expenses$4,970,478$293,880$0$5,264,358

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,312,358
Expenses per Audited Statements$5,264,358
Total Expenses per Form 990$5,264,358
Expenses Not Reported on Form 990$48,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ihs the Institute for HumanHonolulu, HIC3Homeless Outreach$86,414
Honolulu Police Department Dist 6Honolulu, HIGovPatrols.$85,000
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$4,492
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 6

Wbida has three classes of members. The class a membership shall be composed of the fee simple owners and ground lessees of record of the real property located within the city and county of honolulu business improvement district no. One. The class b membership shall be composed of tenants leasing space pursuant to a commercial lease within the district who have applied for membership by filling out a registration form at the principal office of the association and who have received approval thereof and been admitted to membership. The class c membership shall be composed of (i) fee simple owners of record of real property, and ground lessees of record where applicable, located within the district who are exempt from assessment, (ii) nonvoting members of the board or their designees; and (iii) such other persons or entities who have an interest in the mission and charitable purposes of the district and who have applied for membership in the association by filling out a registration form at the principal office of the association and who have received approval thereof and been admitted to membership. Class b and c members will be required to renew their registration forms and admission status on an annual basis.

Form 990, Page 6, Part VI, Line 7A

Class a and class b members shall be the only members with voting rights. Class c members shall have no right to vote. Class a members shall vote to elect the class a directors and class b members shall vote to elect the class b directors.

Form 990, Page 6, Part VI, Line 11B

A copy of the tax return is routed to the executive committee for review and approval before the return is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Board of directors monitors to ensure no director shall vote on any matter under consideration by the board or committee in which the director has a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Reviewed and approved annually by the compensation committee.

Form 990, Page 6, Part VI, Line 15B

Reviewed and approved annually by the compensation committee.

Form 990, Page 6, Part VI, Line 19

City & county of honolulu ordinance creating the district, articles of incorporation, and bylaws which includes the conflict of interest policy are available upon request. Financial audit by independent auditor is posted on the association's website and selected financial information is included in the association's annual report, which is also posted on the website.

Form 990, Part VII

Trevor abarzua, president and executive director suzanne kirio, administrative director david willard, vice president and deputy executive director

Filing and Contact Details

Filer

Filer Name
Waikiki Business Improvement
EIN
99-0351832
Phone
8089239243
Address
227 LEWERS STREET BOX 202, HONOLULU, HI 96815

Signing Officer

Name
Suzanne Kirio
Title
See Schedule O
Phone
8089239243
Signed
2025-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trevor Abarzua
Formed
2000
Legal Domicile
Hi
Voting Board Members
21
Independent Board Members
21
Employees
6
Volunteers
25

Preparer

Firm
Jay Miyaki CPA LLC
Address
600 QUEEN ST STE C4, HONOLULU, HI 96813
Preparer
Jay Miyaki
Phone
8085221042
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The waikiki business improvement district association (wbida) is a non-profit 501(c)(3) corporation formed pursuant to honolulu city ordinance number 00-40 for the purpose of implementing and managing the service programs designed to improve security, sanitation, and combat community deterioration in the waikiki area of honolulu. The wbida activities supplement the level of services provided to the area by the city and county of honolulu.

Form 990, Page 2, Part III, Line 4D

The research and planning program conducts studies of public sidewalks, street usage and the homeless population in waikiki, as well as general research on waikiki indicators, and best practices utulizing data from other business improvement districts. The public improvements program which develops guidelines and action programs for systematic, integrated and ongoing district-wide improvements.

Financial Statement Notes

Schedule D, Page 3, Part X

Management is not aware of uncertain tax positions required to be recognized and disclosed in the financial statements in accordance with generally accepted accounting principles.

Schedule D, Page 4, Part XI, Line 2D

Change in net assets with donor restrictions 26,118

Raw XML AppendixShowing 400 of 626 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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IRS990/MissionDesc0THE WAIKIKI BUSINESS IMPROVEMENT DISTRICT ASSOCIATION (WBIDA) IS A NON-PROFIT 501(C)(3) CORPORATION FORMED PURSUANT TO HONOLULU CITY ORDINANCE NUMBER 00-40 FOR THE PURPOSE OF IMPLEMENTING AND MANAGING THE SERVICE PROGRAMS DESIGNED TO IMPROVE SECURITY, SANITATION, AND COMBAT COMMUNITY DETERIORATION IN THE WAIKIKI AREA OF HONOLULU. THE WBIDA ACTIVITIES SUPPLEMENT THE LEVEL OF SERVICES PROVIDED TO THE AREA BY THE CITY AND COUNTY OF HONOLULU.
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