Hawaiian Island Water Polo in Honolulu, Hawaii (HI)

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Hawaiian Island Water Polo
Employer Identification Number (EIN)990251831
Name of OrganizationHawaiian Island Water Polo
In Care of NameDane Teruya Treas
Address841 Bishop St Ste 1200, Honolulu, HI 96813-3920
ActivitiesTraining in sports
SubsectionCharitable Organization
Ruling Date07/1987
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$66,929
Amount of Income$32,351
Form 990 Revenue Amount$28,287

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$28,287
Contributions, gifts, grants, and similar amounts received$1,470
Program service revenue including government fees and contracts$0
Membership dues and assessments$25,069
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$1,706
Gross sales of inventory, less returns and allowances$5,770
Less: cost of goods sold$4,064
Other revenue$42
Total expenses$30,309
Total net assets$66,929
Deficit for the year$-2,022
Net assets or fund balances at beginning of year$68,951
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$66,929
Total liabilities$0
Net assets or fund balances$66,929
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$147,431
Gifts, grants, contributions, and membership fees received$115,918
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$27,279
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$4,234
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