Overview
What is Waikiki Business Improvement District Association?
The Waikiki Business Improvement District Association (WBIDA) is a 501(C)(3) nonprofit organization, situated in Honolulu, Hawaii. Established to enhance the quality of life in Waikiki, its mission is to maintain a clean, safe, and appealing environment for both residents and visitors. WBIDA accomplishes this through the Streetscape Maintenance Program, launched in March 2001, which provides daily custodial and landscaping services to public areas. The association supplements the city's services, working towards improving security, sanitation, and combating community deterioration in the Waikiki area of Honolulu. WBIDA is supported by a team of three dedicated individuals.
Official website here: www.waikikibid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Waikiki Business Improvement District Association has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 97 in the Accountability & Finance category, indicating a high level of transparency and integrity in its financial practices. This rating is based entirely on a singular beacon score, emphasizing the importance placed on these aspects by the evaluators.
Strengths of the organization are prominently showcased through its governance structure, featuring a fully independent board comprised of 21 members, which enhances its credibility. The association has demonstrated effective financial oversight, with no material diversion of assets and a strong program expense ratio of over 93%, ensuring that the majority of funds are directed towards its mission rather than administrative costs. Additionally, the organization has established multiple policies that promote ethical standards and accountability, such as conflict of interest and whistleblower policies.
While the organization has shown commendable financial management, there is a note regarding its working capital ratio, which stands at 0.55 years. This could indicate potential challenges in liquidity or operational flexibility in the short term. However, overall, the Waikiki Business Improvement District Association's robust accountability measures and efficient use of resources reflect a strong capacity to serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Waikiki Business Improvement District Association legitimate?
Waikiki Business Improvement District Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waikiki Business Improvement District 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: $345,870
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,167
For more financial information, click here
Official website here: www.waikikibid.org
What is the mission statement of Waikiki Business Improvement District Association?
The Waikiki Business Improvement District Association (WBIDA) is a non-profit organization with a mission to enrich the quality of life in its area by creating a safe, clean, and enjoyable environment for businesses, visitors, employees, and residents. Formed under Honolulu City Ordinance Number 00-40, the WBIDA complements the services provided by the City and County of Honolulu by implementing and managing programs focused on improving security, sanitation, and combating community deterioration. These activities aim to enhance the overall well-being of the community, making it an appealing place for living, working, and leisure activities.
Official website here: www.waikikibid.org
Who is the CEO of Waikiki Business Improvement District Association?
Jennifer Nakayama is the President of Waikiki Business Improvement District Association.
Official website here: www.waikikibid.org
What is the revenue of Waikiki Business Improvement District Association?
Waikiki Business Improvement District Association's revenue in 2022 was $3,734,708.
Official website here: www.waikikibid.org
Who are the executives of Waikiki Business Improvement District Association and what are their salaries?
The average compensation at Waikiki Business Improvement District Association during 2022 was $125,012. There are 3 employees and 25 volunteers at Waikiki Business Improvement District Association.
Here are 28 key members and their salaries:
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- Compensation: $140,070
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- Compensation: $105,420
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- Compensation: $95,340
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- Other: $10,479
Official website here: www.waikikibid.org
Where can I find the form 990 for Waikiki Business Improvement District Association?
Waikiki Business Improvement District Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waikikibid.org
Learn more at the official website: www.waikikibid.org
Mission Statement of Waikiki Business Improvement District Association
The Waikiki Business Improvement District Association, a 501(C)(3) corporation, was established with a mission to enhance the quality of life in various sectors of Waikiki. This nonprofit organization aims to create an environment that is safe, clean, and enjoyable for businesses, visitors, employees, and residents alike. This endeavor involves providing supplementary services to augment the level of support provided by the City and County of Honolulu. The Waikiki Business Improvement District Association's activities are primarily focused on improving security, sanitation, and combating community deterioration within the Waikiki area. Their primary objective is to ensure that this region serves as a desirable location for living, working, and playing, thereby contributing to its overall prosperity and well-being.
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Impact
July, 2024
The Waikiki Business Improvement District Association enhances the quality of life in Waikiki by providing businesses, visitors, employees, and residents with a safe, clean, and enjoyable environment. Their streetscape maintenance program, launched in March 2001, ensures that public areas in Waikiki remain clean and attractive on a daily basis. This effort significantly contributes to creating a pleasant and welcoming atmosphere for all those who live, work, and play in Waikiki.
This information is meant to be a general summary of Waikiki Business Improvement District 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 2022.
- Investment Income: $1,840
- Gross Receipts: $3,734,708
Assets and Liabilities:
- Total Assets: $3,404,078
- Total Liabilities: $332,855
- Net Assets: $3,071,223
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Organization Details
Founding Year
2000
Phone
(808) 923-9243Principal Officer
Jennifer Nakayama
Main Address
227 LEWERS STREET BOX 202, HONOLULU, HI, 96815
Website
www.waikikibid.orgNTEE Category
Code: S20 - Community improvement
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