HAWAII ASIA PACIFIC INSTITUTE

EIN: 990302589 501(c)(3) International Affairs

HONOLULU, HI

Total Revenue
$399,672
Total Expenses
$421,093
Total Assets
$981,834
Net Assets
$931,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
HI
Principal Officer
DENISE EBY KONAN
Phone
8085328677
Tax Period
2023-01-01 to 2023-12-31

HAWAII ASIA PACIFIC INSTITUTE, founded in 1991, is a small nonprofit in the International Affairs sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 185% from the prior year, signaling strong growth momentum. Net assets of $932K represent 28 months of operating reserves.

Mission

THE NORTHEAST ASIA ECONOMIC FORUM (NEAEF) IS A NON-GOVERNMENTAL ORGANIZATION THAT SPONSORS AND FACILITATES RESEARCH, NETWORKING, AND DIALOGUE RELEVANT TO THE ECONOMIC AND SOCIAL DEVELOPMENT OF NORTHEAST ASIA. THE HAWAII ASIA PACIFIC INSTITUTE (HAPI) SERVES AS THE SECRETARIAT FOR THE NEAEF, WHICH IS COMMITTED TO PROMOTING UNDERSTANDING AND PEACEFUL RELATIONS AMONG THE PEOPLES OF THIS REGION THROUGH ECONOMIC AND FUNCTIONAL COOPERATION. IT IS THE ONLY REGIONAL NON-GOVERNMENTAL ORGANIZATION IN WHICH ALL OF THE NATIONS OF NORTHEAST ASIA AND THE U.S. ARE CONSISTENT AND ACTIVE PARTICIPANTS.

Program Service Accomplishments

Program 1
Expenses: $321,874 Revenue: $38,467

NEAEF ANNUAL CONFERENCE AND OTHER MISCELLANEOUS FORUMS: THE NORTHEAST ASIA ECONOMIC FORUM (NEAEF) CONDUCTS MISCELLANEOUS RESEARCH AND CONFERENCE ACTIVITIES AIMED AT FUNCTIONAL ECONOMIC COOPERATION...

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NEAEF ANNUAL CONFERENCE AND OTHER MISCELLANEOUS FORUMS: THE NORTHEAST ASIA ECONOMIC FORUM (NEAEF) CONDUCTS MISCELLANEOUS RESEARCH AND CONFERENCE ACTIVITIES AIMED AT FUNCTIONAL ECONOMIC COOPERATION SUCH AS CROSS-BORDER ENERGY, TRANSPORTATION AND LOGISTICS INFRASTRUCTURE DEVELOPMENT, CAPITAL MOBILIZATION. THE FORUM HOLDS ANNUAL CONFERENCES, WORKSHOPS AND SEMINARS FOR PLANNING, FACILITATING, COORDINATING, AND IMPLEMENTING INTERNATIONAL AND INTERDISCIPLINARY SOLUTIONS TO COMMON POLICY PROBLEMS.

Program 2
Expenses: $30,618

YOUNG LEADERS PROGRAM: EMERGING LEADERS PROGRAM GIVEN THEIR STAKE IN THE REGION'S FUTURE AND THE IMPORTANCE OF CREATING A NETWORK AMONG ITS LEADERS, NEAEF IS COMMITTED TO ENCOURAGING THE EDUCATION...

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YOUNG LEADERS PROGRAM: EMERGING LEADERS PROGRAM GIVEN THEIR STAKE IN THE REGION'S FUTURE AND THE IMPORTANCE OF CREATING A NETWORK AMONG ITS LEADERS, NEAEF IS COMMITTED TO ENCOURAGING THE EDUCATION, TRAINING, AND INPUT OF PROMISING YOUNG RESEARCHERS AND POLICYMAKERS OF NORTHEAST ASIA AND ASIA-PACIFIC. SINCE 2006, NEAEF HAS AWARDED FELLOWSHIPS TO ADVANCED STUDENTS AND YOUNG PROFESSIONALS FROM NORTHEAST ASIA AND THE U.S. TO PARTICIPATE IN THE NEAEF YOUNG LEADERS TRAINING AND RESEARCH PROGRAM.

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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 $328,276
Program Service Revenue $38,467
Investment Income $32,929
Other Revenue $0
TOTAL REVENUE $399,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $352,492
Other Expenses $421,093
TOTAL EXPENSES $421,093

Year-over-Year Comparison

2023 2022 Change
Revenue $399,672 $140,135 +1.9%
Expenses $421,093 $151,032 +1.8%
Net Income $-21,421 $-10,897 +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
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAE HYONG HONG DIRECTOR 4.00
Director
$0 $0 $0
DENISE EBY KONAN PRESIDENT/DI 4.00
Officer Director
$0 $0 $0
APRIL NOZOMI QUINN DIRECTOR/TRE 4.00
Officer 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 $399,672 $421,093 $981,834 $-21,421
2022 $140,135 $151,032 $953,243 $-10,897
2021 $58,799 $63,816 $1,064,140 $-5,017
2020 $54,458 $92,701 $1,069,157 $-38,243
2019 $200,544 $330,509 $1,107,400 $-129,965
2018 $295,413 $306,753 $1,137,365 $-11,340
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