HONOLULU FESTIVAL FOUNDATION

EIN: 990352143 501(c)(3) Arts, Culture & Humanities

HONOLULU, HI

Total Revenue
$1,240,061
Total Expenses
$1,270,931
Total Assets
$661,698
Net Assets
$624,536
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
HI
Principal Officer
TETSUYA KUBO
Phone
8089220276
Tax Period
2022-06-01 to 2023-05-31

HONOLULU FESTIVAL FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 687% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE CULTURAL UNDERSTANDING, ECONOMIC COOPERATION AND ETHNIC HARMONY BETWEEN THE PEOPLE OF THE ASIA-PACIFIC REGION, ESPECIALLY THOSE OF HAWAII AND JAPAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,193,025
Program Service Revenue $44,119
Investment Income $868
Other Revenue $2,049
TOTAL REVENUE $1,240,061

Expense Breakdown

Grants Paid $4,727
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,190,416
Other Expenses $1,266,204
TOTAL EXPENSES $1,270,931

Year-over-Year Comparison

2022 2021 Change
Revenue $1,240,061 $157,475 +6.9%
Expenses $1,270,931 $120,305 +9.6%
Net Income $-30,870 $37,170 -1.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

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
28
Independent Members
28
Employees
N/A
Volunteers
605

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
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Duke AhMoo Board Member 0.5
Director
$0 $0 $0
Ann H Chung Board Member 0.5
Director
$0 $0 $0
Jeff Chung Board Member 0.5
Director
$0 $0 $0
Robert Fortuna Board Member 0.5
Director
$0 $0 $0
Alan Fujimoto Board Member 0.5
Director
$0 $0 $0
Robert Harrison Board Member 0.5
Director
$0 $0 $0
Tomoyuki Kajihara Board Member 0.5
Director
$0 $0 $0
Daniel Ishii Board Member 0.5
Director
$0 $0 $0
Nathan Kam Board Member 0.5
Director
$0 $0 $0
Valerie King Board Member 0.5
Director
$0 $0 $0
John Komeiji Board Member 0.5
Director
$0 $0 $0
Takeshi Aoki Board Member 0.5
Director
$0 $0 $0
Maki Kuroda Board Member 0.5
Director
$0 $0 $0
Akemi Kurokawa Board Member 0.5
Director
$0 $0 $0
Eron Hodges Board Member 0.5
Director
$0 $0 $0
Danny Ojiri Board Member 0.5
Director
$0 $0 $0
Ryozo Sakai Board Member 0.5
Director
$0 $0 $0
Hikaru Utsugi Board Member 0.5
Director
$0 $0 $0
Ma Sol E Solleza Board Member 0.5
Director
$0 $0 $0
Donald Takaki Board Member 0.5
Director
$0 $0 $0
Jill Tokunaga Board Member 0.5
Director
$0 $0 $0
Lena Young Board Member 0.5
Director
$0 $0 $0
Tom Calame Board Member 0.5
Director
$0 $0 $0
Edwin Hawkins Board Member 0.5
Director
$0 $0 $0
Tetsuya Kubo President 0.5
Officer Director
$0 $0 $0
Donald Yannell Vice President 0.5
Officer Director
$0 $0 $0
Stephen Kaaa Treasurer 0.5
Officer Director
$0 $0 $0
Nanako Hart Secretary/Executive Director 0.5
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 $1,240,061 $1,270,931 $661,698 $-30,870
2022 $157,475 $120,305 $688,065 $37,170
2021 $103,807 $241,463 $656,833 $-137,656
2020 $141,902 $817,355 $802,141 $-675,453
2019 $1,756,928 $1,994,373 $1,926,065 $-237,445
2018 $2,411,781 $1,534,002 $1,899,710 $877,779
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