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Nonprofit profile at a glance

EIN
843697780
IRS 990-EZ coverage
2023–2023
Forms available
Form 990 2022, Form 990-EZ 2023, Form 990-N 2020
Location
Honolulu, HI, USA
Phone
8087727255
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Small Business Development

Reported finances

Revenue
$102,271
Expenses
$187,058
Assets
$3,898
Liabilities
$9,155

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • OMAR SULTAN (PRESIDENT/EXEC DIR)

People named in this filing

  • FRANK DE REGO (DIRECTOR)
  • LUELLA COSTALES (DIRECTOR)
  • STACEY KATAKURA (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop and administer activities and programs designed to educate students and entrepeneurs, combat community deterioration, relieve poverty and lessen the burdens of the government through stimulating economic development in select communities in the united states and around the world, with a particular emphasis on communities within the state of Hawaii.

What it reported doing in 2023

B2s capital challenge: increasing support and access to capital to underserved companies and communities. Expanding the assistance and investment provided to companies in Hawaii. Sprint challenge: transform impacted businesses into agile, resilient organizations re-equipped with the business knowledge, technical assistance, professional networks, and support community th handle the pandemic disruption and survive and thrive successfully in post-covid-19 world.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 100
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 77.1%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -82.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 2.35; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 78.7%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -66.2% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -27.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 77.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $144K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.