AIO FOUNDATION

EIN: 943278794 501(c)(3) Recreation & Sports

HONOLULU, HI

Total Revenue
$161,756
Total Expenses
$257,765
Total Assets
$134,097
Net Assets
$103,185
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
HI
Principal Officer
DUANE KURISU
Phone
8085347555
Tax Period
2023-01-01 to 2023-12-31

AIO FOUNDATION, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $258K exceeded revenue, resulting in a 59% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE FOLLOWING CHARITABLE AND EDUCATIONAL PURPOSES: (A) TO CELEBRATE AND SHOWCASE GREAT HAWAII STUDENTS AS ROLE MODELS FOR THEIR ACADEMIC AND ATHLETIC EFFORTS, ACCOMPLISHMENTS, STUDY AND SUCCESS; (B) TO TURN THE NATIONAL PASTIME OF BASEBALL INTO "A CHILD'S LESSON FOR ALL TIME" THROUGH PROGRAMS WHICH CONTRIBUTE TO THE HEALTH, EDUCATION AND WELFARE OF HAWAII'S CHILDREN; (C) TO SPONSOR ACADEMIC COMPETITIONS, INCLUDING BUT NOT LIMITED TO THE HAWAII STATE SPELLING BEE, THAT ENHANCE THE EDUCATIONAL EXPERIENCE OF HAWAII'S CHILDREN; (D) TO PROVIDE INSPIRATION FOR ADULTS AND CHILDREN TO BECOME RESPONSIBLE FOR THEMSELVES; (E) TO BRING TOGETHER LIKE-MINDED COMPANIES AND COMMUNITY ORGANIZATIONS WHO ARE COMMITTED TO THE FUTURE OF HAWAII'S YOUTH AND EDUCATION; (F) TO CONTRIBUTE TO THE RESOLUTION OF THE PROBLEM OF THE SHORTAGE OF HOUSING FOR HAWAII'S HOMELESS AND LOW-INCOME FAMILIES; (G) TO FACILITATE THE COALESCENCE OF PUBLIC AND PRIVATE ORGANIZATIONS AND

Program Service Accomplishments

Program 1
Expenses: $109,793 Revenue: $0

The Harry & Jeanette Weinberg Foundation donated the Naalehu Theatre property to aio Foundation. The Naalehu Theatre improvements were deteriorated to the point of being declared a hazard, so the...

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The Harry & Jeanette Weinberg Foundation donated the Naalehu Theatre property to aio Foundation. The Naalehu Theatre improvements were deteriorated to the point of being declared a hazard, so the Weinberg Foundation also donated $150,000 to aio Foundation for general purposes including the cost of demolishing the theatre improvements. The cost for demolition was $108,768 and the property is now being offered to be leased by a third party.

Program 2
Expenses: $57,392 Revenue: $0

Rising Tide is a free community by Central Pacific Bank to help small businesses in Hawaii thrive through educational resources, events, networking opportunities, and access to co-working spaces. The...

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Rising Tide is a free community by Central Pacific Bank to help small businesses in Hawaii thrive through educational resources, events, networking opportunities, and access to co-working spaces. The goal is to foster connections and provide support for local entrepreneurs and businesses to grow. Members can be featured on the Rising Tide website and social media to showcase their business. Rising Tide represents the idea that when we support each other, the entire community benefits. Central Pacific Bank aims to open doors for small businesses in Hawaii through this inclusive program.

Program 3
Expenses: $18,009 Revenue: $0

In response to the state's growing homeless crisis, Kahauiki Village is a plantation style community development designed to house Hawaii's homeless families. Kahauiki Village is a groundbreaking...

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In response to the state's growing homeless crisis, Kahauiki Village is a plantation style community development designed to house Hawaii's homeless families. Kahauiki Village is a groundbreaking initiative that maximizes public and private resources to implement a long-term strategy aimed to achieve the following outcomes: Provide homes for homeless families; Provide employment opportunities within walking distance for homeless parents; Offer accomodation options for extended families. Kahauiki Village is a community of 142 one and two bedroom homes. Kahauiki Village is housing over 600 adults and children.

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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 $161,671
Program Service Revenue $0
Investment Income $14
Other Revenue $71
TOTAL REVENUE $161,756

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $221,308
Other Expenses $257,765
TOTAL EXPENSES $257,765

Year-over-Year Comparison

2023 2022 Change
Revenue $161,756 $298,998 -0.5%
Expenses $257,765 $14,859,722 -1.0%
Net Income $-96,009 $-14,560,724 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAIME KINOSHITA OLIVEIRA DIRECTOR/SECRETARY 5.0
Officer Director
$0 $0 $0
DUANE KURISU DIRECTOR/CHAIR 5.0
Officer Director
$0 $0 $0
SUSAN EICHOR DIRECTOR/TREASURER 5.0
Officer Director
$0 $0 $0
MEL KANESHIGE DIRECTOR/VICE CHAIR 5.0
Officer Director
$0 $0 $0
JOHN DEAN DIRECTOR 5.0
Director
$0 $0 $0
DONNA KODAMA-YEE DIRECTOR 5.0
Director
$0 $0 $0
Kamana'opono Crabbe Director 5.0
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
2024 No data No data No data No data
2023 $161,756 $257,765 $134,097 $-96,009
2022 $298,998 $14,859,722 $259,821 $-14,560,724
2021 $2,005,997 $2,040,920 $14,905,187 $-34,923
2020 $3,780,521 $2,616,631 $14,983,073 $1,163,890
2019 $6,455,360 $1,684,297 $14,231,226 $4,771,063
2018 $5,757,788 $1,316,429 $10,085,369 $4,441,359
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