Overview
What is Lei Ho'Olaha?
Lei Ho'Olaha is a nonprofit organization established in Hawaii in 2011 with the mission to enhance the educational and economic standings of Native Hawaiians and low-income individuals. They achieve this by offering educational, training, and financial services to community-based organizations across the state. Lei Ho'Olaha primarily focuses on Native Hawaiian-owned small businesses and other community-based organizations, aiming to have at least half of its borrowers as Native Hawaiian-led organizations. In fiscal year 2022, they provided two types of loans: working capital lines of credit and small business loans, designed to cater to the unique financing needs of these businesses and nonprofit organizations.
Is Lei Ho'Olaha legitimate?
Lei Ho'Olaha is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lei Ho'Olaha 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: $44,744
For more financial information, click here
What is the mission statement of Lei Ho'Olaha?
Lei Ho'Olaha's mission is centered around improving the educational and economic status of Native Hawaiians and low-income individuals. They accomplish this by providing education, training, and financial products to community-based organizations, public entities, and individuals in Hawaii. The organization's primary goal is to make these community organizations creditworthy, enabling them to secure commercial bank facilities. Lei Ho'Olaha's target market primarily includes Native Hawaiian-owned small businesses and other community-based organizations in Hawaiian communities across the state. In FY 2022, they offered two core loan products: working capital lines of credit and small business loans, tailored to meet the unique cash flow and financing needs of their clients.
Who is the CEO of Lei Ho'Olaha?
Stephen Kaaa is the Chair of Lei Ho'Olaha.
What is the revenue of Lei Ho'Olaha?
Lei Ho'Olaha's revenue in 2022 was $105,533.
Who are the executives of Lei Ho'Olaha and what are their salaries?
There 10 volunteers at Lei Ho'Olaha.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Lei Ho'Olaha?
Lei Ho'Olaha's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lei Ho'Olaha
Lei Ho'Olaha, established under Hawaiian law in 2011, is a nonprofit organization with a mission to enhance the educational and economic standing of Native Hawaiians and individuals from low-income backgrounds. The organization achieves this goal by providing education, training, and financial products to community-based organizations, public entities, and individuals across Hawaii. The ultimate aim is to make these organizations creditworthy, enabling them to secure commercial bank facilities. Lei Ho'Olaha focuses on Native Hawaiian-owned small businesses and community organizations in Hawaiian communities across the state. At least half of its borrowers are expected to be Native Hawaiian-led organizations.
In fiscal year 2022, Lei Ho'Olaha offered two primary loan products: working capital lines of credit and small business loans. These offerings were tailored to meet the unique cash flow and financing needs of Native Hawaiian-owned businesses and nonprofit organizations. By offering these financial products, Lei Ho'Olaha seeks to support and empower these communities, contributing to their overall economic growth and development.
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Impact
October, 2024
Lei Ho'Olaha plays a significant role in enhancing the educational and economic well-being of Native Hawaiians and low-income individuals. By focusing on providing targeted education, training, and financial products, it empowers community-based organizations and small businesses, particularly those that are Native Hawaiian-led. This initiative aims to improve access to financial resources, helping these organizations become creditworthy and supporting their growth.
The offerings of Lei Ho'Olaha, including working capital lines of credit and small business loans, are designed to address the unique needs of its target market, which consists of Native Hawaiian-owned businesses. This tailored financial assistance not only facilitates better cash flow management but also fosters an environment for entrepreneurship and economic development within the Hawaiian community.
By prioritizing education and training, Lei Ho'Olaha ensures that individuals and organizations are equipped with the necessary skills and knowledge to thrive. This holistic approach contributes to long-term economic stability and empowerment, helping to uplift communities and create sustainable opportunities for future generations. Overall, Lei Ho'Olaha's impact resonates deeply within Hawaiian communities, fostering resilience, independence, and progress.
This information is meant to be a general summary of Lei Ho'Olaha. 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: $5,533
- Gross Receipts: $105,533
Assets and Liabilities:
- Total Assets: $217,843
- Total Liabilities: $3,753
- Net Assets: $214,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN CLOSING FEE
Revenue
$3,300
INTEREST ON LOANS
Revenue
$2,233
Organization Details
Founding Year
2011
Phone
(808) 896-0822Principal Officer
Stephen Kaaa
Main Address
PO BOX 1642, KAMUELA, HI, 96743
NTEE Category
Code: B12 - Education
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