Overview
What is Sand Island Business Association?
The Sand Island Business Association is a nonprofit organization based in Honolulu, Hawaii, with a master lease from the State of Hawaii to manage, sublease, and develop 73 acres of land known as the Sand Island Industrial Park. This organization is responsible for the overall administration and growth of the industrial park on behalf of its members.
What are the reviews and ratings of this charity?
The Sand Island Business Association is currently not rated by Charity Navigator. This is primarily due to its status as a non-501(c)(3) organization, which means it does not qualify for evaluations based on common metrics like Accountability & Finance or Impact & Measurement. The absence of a rating should not be interpreted as either a positive or negative indicator of the organization's performance or effectiveness.
The lack of a 501(c)(3) status also means that the Association is not tax-exempt and cannot benefit from tax-deductible contributions, which could impact its financial operations and attractiveness to potential donors. Historical ratings, which focused on Accountability and Finance, are not applicable because the nonprofit does not file the IRS Form 990 necessary for such assessments.
Without user reviews available from GreatNonprofits, there's limited public feedback to assess the organization's direct community impact or stakeholder satisfaction. Additionally, detailed financial data such as revenue, expenses, and key staff salaries are unavailable, further limiting transparency and comprehensive evaluation of the nonprofit's operations and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Sand Island Business Association legitimate?
Sand Island Business Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Sand Island Business Association 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: $161,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,137
For more financial information, click here
What is the mission statement of Sand Island Business Association?
The Sand Island Business Association holds a master lease with the State of Hawaii, allowing them to manage, sublease, and develop a 73-acre industrial park on behalf of their members. Their primary responsibility is to oversee the growth and operations of this business center. The Association's mission revolves around utilizing the leased land effectively to foster business development for the benefit of its members.
Who is the CEO of Sand Island Business Association?
Kent Matsuzaki is the Secretary/Ex of Sand Island Business Association.
What is the revenue of Sand Island Business Association?
Sand Island Business Association's revenue in 2023 was $11,980,544.
Who are the executives of Sand Island Business Association and what are their salaries?
The average compensation at Sand Island Business Association during 2023 was $92,956. There are 2 employees at Sand Island Business Association.
Here are 10 key members and their salaries:
- Compensation: $161,775
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Where can I find the form 990 for Sand Island Business Association?
Sand Island Business Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sand Island Business Association
The Sand Island Business Association, with a master lease from the State of Hawaii, assumes responsibility for the management, sublease, and development of a 73-acre industrial park. This organization plays a crucial role in facilitating the growth and success of its members by overseeing the State land in question.
In essence, the Sand Island Business Association acts as a steward of the State-owned land, enabling its members to thrive within the industrial park. By utilizing a master lease, the organization manages the day-to-day operations of the park and ensures that its members have the necessary infrastructure and resources to operate their businesses effectively.
The association's mission is twofold: to support its members and to develop the industrial park on their behalf. Through the master lease, the Sand Island Business Association creates a conducive business environment that encourages growth and success.
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Impact
October, 2024
The Sand Island Business Association plays a crucial role in the economic and industrial development of the Sand Island Industrial Park in Honolulu, Hawaii. By managing a master lease with the state, it facilitates the development and subleasing of 73 acres of valuable land, providing significant opportunities for local businesses.
The association acts as a vital link between its members and the government, ensuring that the interests of local enterprises are represented while promoting efficient land use and development. Its focus on mutual benefit fosters a collaborative environment where businesses can thrive, leading to job creation and contributing to the overall economic vitality of the region.
Through its efforts, the Sand Island Business Association aids in enhancing infrastructure, increasing investment in the area, and supporting the growth of diverse industries, which ultimately leads to a more robust community and economic landscape.
This information is meant to be a general summary of Sand Island Business Association. 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 2023.
- Investment Income: $106,228
- Program Service Revenue: $11,833,055
- Gross Receipts: $11,980,544
Assets and Liabilities:
- Total Assets: $24,475,796
- Total Liabilities: $105,939
- Net Assets: $24,369,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE RENT
Revenue
$10,427,036
MANAGEMENT FEES
Revenue
$1,406,019
Organization Details
Founding Year
1989
Phone
(808) 842-1359Principal Officer
Kent Matsuzaki
Main Address
PO BOX 17603, HONOLULU, HI, 968170603
NTEE Category
Code: Y11 - Mutual benefit
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