Overview
What is Honolulu Festival Foundation?
The Honolulu Festival Foundation is a nonprofit organization based in Honolulu, Hawaii. Established with the mission to promote cultural understanding, economic cooperation, and ethnic harmony between the people of the Asia-Pacific region, particularly those of Hawaii and Japan, the foundation organizes and sponsors annual events, such as the Honolulu Festival. Due to the pandemic, the 2020 event was cancelled but was re-broadcasted as a special 1-hour program. The foundation's activities aim to develop and maintain these celebrations, fostering harmony among diverse communities.
Official website here: www.honolulufestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Honolulu Festival Foundation has earned a commendable Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With a score of 81%, the foundation demonstrates strong management practices, particularly highlighted by its perfect scores in board independence and the absence of material asset diversion. This suggests that the organization is effectively governed and committed to transparency.
Strengths of the Honolulu Festival Foundation include a fully independent board and a high program expense ratio of nearly 87%, which indicates a strong focus on delivering its mission rather than excessive overhead costs. The foundation has also established comprehensive policies, including conflict of interest, whistleblower, and document retention policies, all of which contribute to a robust framework for ethical governance.
While the rating reflects strong accountability and financial practices, ongoing transparency in operations and program impact will be crucial for the foundation to maintain and improve its standing. Overall, stakeholders can feel confident in the foundation's commitment to responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Honolulu Festival Foundation legitimate?
Honolulu Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honolulu Festival 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.
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For more financial information, click here
Official website here: www.honolulufestival.com
What is the mission statement of Honolulu Festival Foundation?
The Honolulu Festival Foundation's mission is centered around fostering cultural understanding, economic cooperation, and ethnic harmony between the people of the Asia-Pacific region, specifically focusing on those from Hawaii and Japan. The organization strives to achieve this goal by promoting, sponsoring, maintaining, developing, improving, and protecting annual events such as the Honolulu Festival and similar celebrations. These events aim to encourage cultural understanding, economic cooperation, and racial harmony among the people of the Asia-Pacific region. Due to the pandemic, the foundation had to cancel its annual 3-day event and instead re-broadcast a special 1-hour program produced in the previous year.
Official website here: www.honolulufestival.com
Who is the CEO of Honolulu Festival Foundation?
Tetsuya Kubo is the President of Honolulu Festival Foundation.
Official website here: www.honolulufestival.com
What is the revenue of Honolulu Festival Foundation?
Honolulu Festival Foundation's revenue in 2022 was $157,475.
Official website here: www.honolulufestival.com
Who are the executives of Honolulu Festival Foundation and what are their salaries?
There 50 volunteers at Honolulu Festival Foundation.
Here are 28 key members and their salaries:
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Official website here: www.honolulufestival.com
Where can I find the form 990 for Honolulu Festival Foundation?
Honolulu Festival Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.honolulufestival.com
Learn more at the official website: www.honolulufestival.com
Mission Statement of Honolulu Festival Foundation
The Honolulu Festival Foundation, with a focus on the Asia-Pacific region, is dedicated to fostering cultural understanding, economic cooperation, and ethnic harmony between its people, particularly those of Hawaii and Japan. This nonprofit organization strives to promote, sponsor, maintain, develop, improve, and protect the annual event known as the Honolulu Festival, as well as other celebrations that encourage cultural understanding, economic cooperation, and racial harmony among the people of the Asia-Pacific region. The Honolulu Festival Foundation's mission is to bridge the gap between different cultures, ultimately aiming to foster a sense of unity and cooperation among the diverse populations it serves. Due to the pandemic, the annual festival was cancelled, and the foundation decided to re-broadcast a special 1-hour program or movie produced in the previous year, continuing its efforts to promote cultural understanding and harmony.
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Impact
October, 2024
The Honolulu Festival Foundation fosters cultural understanding, economic cooperation, and ethnic harmony between the diverse populations of the Asia-Pacific region, with a particular focus on Hawaii and Japan. Through its annual festival, it creates a platform for celebration and engagement, enriching the community's cultural landscape.
Despite the challenges posed by the COVID-19 pandemic, the foundation adapted by rebroadcasting a special program, ensuring that the essence of the festival continued to resonate in the community. The festival serves not only as a vibrant celebration of arts and culture but also as a means to strengthen relationships and promote goodwill among different ethnic groups. By highlighting the shared traditions, heritage, and values of these communities, the foundation plays a pivotal role in nurturing a sense of belonging and unity in an increasingly interconnected world.
This information is meant to be a general summary of Honolulu Festival 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: $79
- Gross Receipts: $157,475
Assets and Liabilities:
- Total Assets: $688,065
- Total Liabilities: $31,010
- Net Assets: $657,055
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Organization Details
Founding Year
2000
Phone
(808) 922-0276Principal Officer
Tetsuya Kubo
Main Address
818 PINE STREET 4TH FLOOR, HONOLULU, HI, 96817
Website
www.honolulufestival.comNTEE Category
Code: A23 - Arts
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