Overview
What is Honolulu Biennial Foundation?
The Honolulu Biennial Foundation, also known as Hawaii Contemporary, is a nonprofit organization based in Honolulu, Hawaii. With a team of 12 employees, their primary mission is to support local arts infrastructure with a global outreach. Every three years, they present the Hawaii Triennial, an arts festival showcasing contemporary artworks. The 2022 edition, featuring 43 artists and art collectives, attracted over 100,603 visitors and generated significant economic impact for the local economy. The foundation also provides year-round public and educational programs, contributing to the local arts ecosystem and affirming their commitment to making contemporary art accessible in Hawaii. They offer professional development fellowships to support the preparation for their signature event. The Hawaii Triennial 2022 was a well-received success, with expenditures totaling $4.04 million over a three-year cycle. The foundation raises funds through generous donations to support research, planning, production, publications, and public programs.
Official website here: www.hawaiicontemporary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.
The Honolulu Biennial Foundation has a moderate rating of 68% on Charity Navigator, reflecting strengths in governance and financial practices. The organization has a fully independent board and scores high for the absence of asset diversion, indicating sound management. It also enjoys a solid program expense ratio, meaning a significant portion of its expenditures directly supports its programs.
However, the foundation faces notable weaknesses in areas such as policy documentation. It lacks a whistleblower policy and document retention procedures, which raises concerns about transparency and operational accountability. Additionally, the organization's liabilities to assets ratio is quite high at 98.77%, suggesting potential financial risk.
Overall, while the Honolulu Biennial Foundation demonstrates commendable governance and program funding, addressing its policy gaps and financial liabilities is essential for enhancing its credibility and stability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Honolulu Biennial Foundation legitimate?
Honolulu Biennial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honolulu Biennial 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,153
For more financial information, click here
Official website here: www.hawaiicontemporary.org
What is the mission statement of Honolulu Biennial Foundation?
The Honolulu Biennial Foundation, doing business as Hawaii Contemporary (HC), supports the local arts infrastructure with a global outreach. They achieve this by presenting an arts festival, the Hawaii Triennial, every three years. The foundation's mission goes beyond the triennial, offering year-round public and educational programs. These initiatives include professional development opportunities for artists, contributing to the local arts ecosystem, and reinforcing their commitment to creating an accessible gateway for contemporary art. The Biennial Foundation's activities aim to make contemporary art more accessible in Hawaii.
Official website here: www.hawaiicontemporary.org
Who is the CEO of Honolulu Biennial Foundation?
Rosina Potter is the Principal Officer of Honolulu Biennial Foundation.
Official website here: www.hawaiicontemporary.org
What is the revenue of Honolulu Biennial Foundation?
Honolulu Biennial Foundation's revenue in 2022 was $2,015,197.
Official website here: www.hawaiicontemporary.org
Who are the executives of Honolulu Biennial Foundation and what are their salaries?
The average compensation at Honolulu Biennial Foundation during 2022 was $25,429. There are 12 employees and 119 volunteers at Honolulu Biennial Foundation.
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- Compensation: $120,000
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Official website here: www.hawaiicontemporary.org
Where can I find the form 990 for Honolulu Biennial Foundation?
Honolulu Biennial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hawaiicontemporary.org
Learn more at the official website: www.hawaiicontemporary.org
Mission Statement of Honolulu Biennial Foundation
The Honolulu Biennial Foundation, known as Hawaii Contemporary (HC), plays a significant role in supporting the local arts infrastructure with a global reach. Their mission is accomplished through the presentation of an arts festival, the Hawaii Triennial, every three years. This festival is a multi-site public exhibition that is complemented by year-round public and educational programs. These programs contribute to the local arts ecosystem and affirm the organization's commitment to creating an accessible gateway for contemporary art in Hawaii. The Honolulu Biennial Foundation also provides professional development opportunities for artists, strengthening the local arts community. Their initiatives serve to showcase contemporary art and foster a vibrant arts scene in Hawaii.
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Impact
July, 2024
Honolulu Biennial Foundation's impact can be seen through its successful execution of the Hawaii Triennial 2022, which featured contemporary artworks by 43 artists and art collectives exhibited at seven sites across O'ahu Island. The event attracted 100,603 visitors over 11 weeks and engaged the community with 111 public programs, reaching over 18,825 keiki and students.
Moreover, the Hawaii Triennial had a significant economic impact, generating $60.8 million in the local economy through out-of-state visitors and contributing $1.7 million from Hawaii resident attendees. The event also supported 133.7 full-time equivalent jobs, showcasing the Foundation's contribution to the local arts ecosystem and economy.
Overall, Honolulu Biennial Foundation's endeavors in presenting contemporary art in Hawaii have not only enriched the cultural landscape but also fostered community engagement and economic growth, making art accessible and impactful to a wide range of audiences.
This information is meant to be a general summary of Honolulu Biennial 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.
- Investment Income: $130
- Gross Receipts: $2,015,197
Assets and Liabilities:
- Total Assets: $380,696
- Total Liabilities: $117,789
- Net Assets: $262,907
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Organization Details
Founding Year
2014
Phone
(808) 498-2853Principal Officer
Rosina Potter
Main Address
PO BOX 4636, HONOLULU, HI, 96812
Website
www.hawaiicontemporary.orgNTEE Category
Code: A20 - Arts
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