FRIENDS OF HAWAII CHARITIES INC C/O 141 HAWAII LLC

EIN: 990334032 501(c)(3) Philanthropy & Grantmaking

HONOLULU, HI

Total Revenue
$379,193
Total Expenses
$649,948
Total Assets
$2,369,025
Net Assets
$1,197,094
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
HI
Principal Officer
CORBETT A K KALAMA
Phone
8085237888
Tax Period
2024-06-01 to 2025-05-31

FRIENDS OF HAWAII CHARITIES INC C/O 141 HAWAII LLC, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $379K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $650K exceeded revenue, resulting in a 71% operating deficit.

Mission

PRODUCE SPORTS & CULTURAL EVENTS THAT GENERATE FUNDS TO BENEFIT NONPROFIT ENDEAVORS IN HAWAII.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,786,204
Program Service Revenue $0
Investment Income $0
Other Revenue $-1,407,011
TOTAL REVENUE $379,193

Expense Breakdown

Grants Paid $599,006
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $599,006
Other Expenses $50,942
TOTAL EXPENSES $649,948

Year-over-Year Comparison

2024 2023 Change
Revenue $379,193 $489,630 -0.2%
Expenses $649,948 $699,708 -0.1%
Net Income $-270,755 $-210,078 +0.3%
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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Governance

Voting Members
29
Independent Members
29
Employees
N/A
Volunteers
1000

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
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORBETT A K KALAMA PRESIDENT/EX 0.50
Officer Director
$0 $0 $0
CHAD KARASAKI VP/EXEC COMM 0.50
Officer Director
$0 $0 $0
HOWARD IKEDA TREASURER/EX 0.50
Officer Director
$0 $0 $0
DICKSON LEE SECRETARY/EX 0.50
Officer Director
$0 $0 $0
RIYO TONOMOTO THRU APRIL 2025 EXECUTIVE CO 0.50
Director
$0 $0 $0
CALEB CHAN DIRECTOR 0.50
Director
$0 $0 $0
MIKE DYER EXECUTIVE CO 0.50
Director
$0 $0 $0
ADMIRAL THOMAS B FARGO USN RET DIRECTOR 0.50
Director
$0 $0 $0
DAVID HAMAMOTO DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL HARTLEY DIRECTOR 0.50
Director
$0 $0 $0
JUNE JONES DIRECTOR 0.50
Director
$0 $0 $0
FUMIATSU HIRAI DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL W PERRY DIRECTOR 0.50
Director
$0 $0 $0
RYOZO SAKAI DIRECTOR 0.50
Director
$0 $0 $0
TODD APO DIRECTOR 0.50
Director
$0 $0 $0
AL SOUZA EXECUTIVE CO 0.50
Director
$0 $0 $0
KEITH VIEIRA DIRECTOR 0.50
Director
$0 $0 $0
JIM WALTERS DIRECTOR 0.50
Director
$0 $0 $0
REGGIE MALDONADO DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER ISOBE DIRECTOR 0.50
Director
$0 $0 $0
MITCHELL M KAAIALII EXECUTIVE CO 0.50
Director
$0 $0 $0
MICAH KANE EXECUTIVE CO 0.50
Director
$0 $0 $0
ERIC YEAMAN EXECUTIVE CO 0.50
Director
$0 $0 $0
MICHAEL KAWAZOE EXECUTIVE CO 0.50
Director
$0 $0 $0
MISTY TUFONO DIRECTOR 0.50
Director
$0 $0 $0
JON KOBAYASHI DIRECTOR 0.50
Director
$0 $0 $0
JOHN UEKAWA DIRECTOR 0.50
Director
$0 $0 $0
RANDY HIRAKI DIRECTOR 0.50
Director
$0 $0 $0
NEILL CHAR DIRECTOR 0.50
Director
$0 $0 $0
SCOTT HAYASHI TERM END JAN 2025 DIRECTOR 0.50
Director
$0 $0 $0
SHAUN USHIJIMA TERM BEG FEB 2025 DIRECTOR 0.50
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 $379,193 $649,948 $2,369,025 $-270,755
2024 $489,630 $699,708 $2,270,596 $-210,078
2023 $159,391 $695,324 $2,866,656 $-535,933
2022 $1,125,429 $1,303,579 $3,000,826 $-178,150
2021 $2,139,671 $1,424,830 $3,166,731 $714,841
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