Overview
What is Hawaii Tax Institute Foundation?
The Hawaii Tax Institute Foundation, based in Honolulu, Hawaii, is a nonprofit organization dedicated to advancing education and serving charitable purposes. They accomplish this by organizing programs to enhance the knowledge of tax professionals, including accountants, attorneys, fiduciaries, financial advisors, and other specialists in the field. Their primary activity is the annual Hawaii Tax Institute, a five-day event featuring lectures, seminars, panel discussions, and workshops led by renowned experts in tax planning. The institute covers topics such as estate and gift planning, income tax planning, and business planning. In 2022, the event attracted 625 attendees, with speakers from both the United States and Japan participating. The institute offers continuing education credit to professionals in various fields, such as attorneys, accountants, financial planners, and underwriters.
Official website here: www.hitaxinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
The Hawaii Tax Institute Foundation has received a moderate score of 69% from Charity Navigator, reflecting a Two-Star rating. This rating indicates that while the organization demonstrates some strong practices, there are significant areas needing improvement. Notably, the foundation has a perfect score for its accountability in areas such as independent board membership and the absence of asset diversion, which are positive indicators of governance.
However, the organization falls short in several critical areas of accountability and transparency. It lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, all of which can affect stakeholder trust. Additionally, the nonprofit does not publish its tax forms on its website, which can limit public accessibility to important financial information.
On a positive note, the foundation maintains a very strong program expense ratio of 100%, indicating that all its expenditures are directed towards its programs, which is commendable for a nonprofit. Furthermore, it has a favorable liabilities to assets ratio of 0.00%, suggesting a healthy financial position. Overall, while the Hawaii Tax Institute Foundation shows promise in its programmatic focus, addressing its governance and transparency deficiencies will be crucial for enhancing its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Tax Institute Foundation legitimate?
Hawaii Tax Institute Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaii Tax Institute Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hitaxinstitute.org
What is the mission statement of Hawaii Tax Institute Foundation?
The Hawaii Tax Institute Foundation's primary purpose is to promote education and serve charitable causes. It achieves this by conducting various programs aimed at enhancing and improving the education of accountants, attorneys, fiduciaries, financial advisors, and other tax professionals. The foundation fulfills this mission through the annual Hawaii Tax Institute, a five-day event featuring lectures, seminars, panel discussions, and workshops led by renowned experts in tax planning. The institute is open to the public and provides continuing education credit to attendees, including attorneys, accountants, certified financial planners, and chartered life underwriters. In 2022, the foundation hosted the 59th annual Hawaii Tax Institute, attracting over 600 attendees and featuring speakers from both the United States and Japan.
Official website here: www.hitaxinstitute.org
Who is the CEO of Hawaii Tax Institute Foundation?
Douglas Wilson Cfp Ctfa is the President/Director of Hawaii Tax Institute Foundation.
Official website here: www.hitaxinstitute.org
What is the revenue of Hawaii Tax Institute Foundation?
Hawaii Tax Institute Foundation's revenue in 2022 was $537,702.
Official website here: www.hitaxinstitute.org
Who are the executives of Hawaii Tax Institute Foundation and what are their salaries?
There 7 volunteers at Hawaii Tax Institute Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.hitaxinstitute.org
Where can I find the form 990 for Hawaii Tax Institute Foundation?
Hawaii Tax Institute Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hitaxinstitute.org
Learn more at the official website: www.hitaxinstitute.org
Mission Statement of Hawaii Tax Institute Foundation
The Hawaii Tax Institute Foundation, as a charitable organization, is dedicated to advancing education and serving noble purposes. It achieves this goal by conducting various programs designed to enhance and improve the knowledge of accountants, attorneys, fiduciaries, financial advisors, and other tax professionals. The primary activity of this foundation, often referred to as HTIF, centers around presenting the Hawaii Tax Institute. This event spans over five days and includes lectures, seminars, panel discussions, and workshops led by renowned experts in tax planning. The institute is open to the public, providing a platform for professionals to expand their understanding of estate and gift planning, income tax planning, and business planning. In 2022, the foundation continued its mission by hosting the 59th Annual Hawaii Tax Institute, attracting 100 speakers from both the United States and Japan. A total of 625 individuals attended the event, with continuing education credits offered to attorneys, accountants, certified financial planners, and chartered life underwriters.
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Impact
July, 2024
The Hawaii Tax Institute Foundation has a significant impact on advancing education and serving charitable purposes by conducting programs that foster and improve the education of accountants, attorneys, fiduciaries, financial advisors, and other tax professionals. One of its primary activities is presenting the Hawaii Tax Institute, which consists of five days of lectures, seminars, panel discussions, and workshops by locally and nationally known experts in tax planning. This institute is open to the public and provides valuable educational opportunities for attendees.
In 2022, the Hawaii Tax Institute Foundation presented the 59th Annual Hawaii Tax Institute, where 625 people attended and benefited from presentations on estate and gift planning, income tax planning, and business planning by 100 speakers from the United States and Japan. The foundation also provided continuing education credit to attorneys, accountants, certified financial planners, and chartered life underwriters, further contributing to the professional development of these individuals.
Overall, the Hawaii Tax Institute Foundation's impact can be seen in the knowledge and skills enhancement of tax professionals, the dissemination of valuable information in the field of tax planning, and the promotion of ongoing education in areas relevant to the financial and legal sectors.
This information is meant to be a general summary of Hawaii Tax Institute Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $537,702
- Gross Receipts: $537,702
Assets and Liabilities:
- Total Assets: $423,132
- Total Liabilities: $0
- Net Assets: $423,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$537,702
Organization Details
Founding Year
2007
Phone
(877) 829-5500Principal Officer
Douglas Wilson Cfp Ctfa
Main Address
PO BOX 1381, HONOLULU, HI, 96807
Website
www.hitaxinstitute.orgNTEE Category
Code: W032 - Public benefit
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