HAWAII FOUNDATION FOR AGRICULTURE RESEARCH

EIN: 262126224 501(c)(3) Food, Agriculture & Nutrition

KUNIA, HI

Total Revenue
$28,620
Total Expenses
$202,145
Total Assets
$739,045
Net Assets
$739,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
HI
Principal Officer
ALICE TUPOU
Phone
8086211350
Tax Period
2023-07-01 to 2024-06-30

HAWAII FOUNDATION FOR AGRICULTURE RESEARCH, founded in 2008, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $29K in total revenue in fiscal year 2023. Expenses of $202K exceeded revenue, resulting in a 606% operating deficit.

Mission

TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSE OF HAWAII AGRICULTURE RESEARCH CENTER, A HAWAII NONPROFIT CORPORATION, THAT IS EXCLUSIVELY CHARITABLE, EDUCATIONAL OR SCIENTIFIC. TO OPERATE AS A SUPPORTING ORGANIZATION WITH RESPECT TO THE SUPPORTED ORGANIZATION. TO PURSUE SUCH OTHER ACTIVITIES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS CONSISTENT WITH THE REQUIREMENTS OF IRC SECTIONS 501(C)(3) AND 509(A)(3). THE CORPORATION SHALL HAVE ALL POWERS NECESSARY AND INCIDENTAL TO CARRYING OUT THE PURPOSE FOR WHICH IT HAS BEEN FORMED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $28,620
Other Revenue $0
TOTAL REVENUE $28,620

Expense Breakdown

Grants Paid $197,762
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $197,762
Other Expenses $4,383
TOTAL EXPENSES $202,145

Year-over-Year Comparison

2023 2022 Change
Revenue $28,620 $-24,168 -2.2%
Expenses $202,145 $270,033 -0.3%
Net Income $-173,525 $-294,201 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$155,167
Total Directors
6
$155,167
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON BRAND PRESIDENT 1.00
Officer Director
$0 $0 $0
RICK VOLNER JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STEPHANIE A WHALEN SECRETARY 1.00
Officer Director
$0 $0 $52,400
ALICE TUPOU TREASURER 1.00
Officer Director
$0 $21,158 $102,767
JONATHAN S DURRETT DIRECTOR 1.00
Director
$0 $0 $0
MARK FOX DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $28,620 $202,145 $739,045 $-173,525
2023 $-24,168 $270,033 $863,777 $-294,201
2022 $18,372 $136,030 $1,076,325 $-117,658
2021 $13,334 $362,382 $1,379,985 $-349,048
2020 $206 $108,273 $1,646,563 $-108,067
2019 $307,471 $1,402,144 $1,754,860 $-1,094,673
2018 $916,525 $783,240 $9,085,529 $133,285
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