Form 990-T by Hawaii Community Foundation

HAW0006 11/13/2019 9:59 AM Pg 3

Form 990-T Return Summary , and ending

For calendar year 2018, or tax year beginning

**-***1283 HAWAII COMMUNITY FOUNDATION Income and deductions reflect Form 990-T page 1 Income Gross profit 0 Capital gain / loss 0 All other income 766,885 Total income 766,885 Deductions Officer compensation 121,527 Salaries 431,138 All other deductions 319,977 Total deductions 872,642 Adjustments Income from additional activities 105,757 Disallowed fringe benefits 54,901 Net operating loss (prior to 2018) 54,901 Specific deduction 1,000 Total adjustments 104,757 Unrelated business taxable income Taxes / Credits / Payments Regular tax Other tax: Proxy AMT Facilities Tax Foreign tax credit and other credits General business credits Prior year minimum tax credit Total nonrefundable credits Other taxes Total tax Estimated tax payments and Tax withheld 5,004 Paid with extension Other credits / payments Estimated tax penalty Overpayment applied to next year's tax 5,004 Payments / penalty / application 0 Net tax due Additions to Tax Interest on late payments Failure to file penalty Failure to pay penalty Total additions Balance due Refund

Next Year's Estimates 1st quarter 2nd quarter 3rd quarter 4th quarter Total

Miscellaneous Information Number of Sch M Units Amended return Return / extended due date 11/15/19

HAW0006 11/13/2019 9:59 AM Pg 68

990-T

Form

For calendar year 2018 or other tax year beginning . . . . . . . . . . . . . . . , and ending . . . . . . . . . . . . . . . . . ..

Go to www.irs.gov/Form990T for instructions and the latest information. Open to Public Inspection for  Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3). 501(c)(3) Organizations Only

Check box if address changed

Name of organization

(

Check box if name changed and see instructions.)

501(

Employer identification number

(Employees' trust, see instructions.)

Exempt under section

2018

(and proxy tax under section 6033(e))

Department of the Treasury Internal Revenue Service

A B

OMB No. 1545-0687

Exempt Organization Business Income Tax Return

C )( 3

)

408(e)

220(e)

408A

530(a)

Print or Type

529(a)

HAWAII COMMUNITY FOUNDATION **-***1283

Number, street, and room or suite no. If a P.O. box, see instructions.

827 FORT STREET MALL

City or town, state or province, country, and ZIP or foreign postal code

Book value of all assets at end of year

The books are in care of 

HONOLULU

HI 96813-2817

Unrelated business activity code (See instructions.)

541900

F Group exemption number (See instructions.)  501(c) trust 401(a) trust Other trust 578,815,611 G Check organization type  X 501(c) corporation H Enter the number of the organization's unrelated trades or businesses. 1 Describe the only (or first) unrelated trade or business here . If only one, complete  SEE STATEMENT 1 Parts I–V. If more than one, describe the first in the blank space at the end of the previous sentence, complete Parts I and II, complete Schedule M for each additional trade or business, then complete Parts III–V. I During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? . . . . . . . . .  Yes X No If "Yes," enter the name and identifying number of the parent corporation.



Part I 1a b 2 3 4a b c 5 6 7 8 9 10 11 12 13

Telephone number 

WALLACE CHIN

Unrelated Trade or Business Income

Gross receipts or sales Less returns and allowances c Balance . . . . . .  Cost of goods sold (Schedule A, line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gain net income (attach Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . Capital loss deduction for trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (loss) from partnership and S corporation (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . .

Rent income (Schedule C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unrelated debt-financed income (Schedule E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest, annuities, royalties, and rents from controlled organization (Schedule F) . . . . Investment income of a section 501(c)(7), (9), or (17) organization (Schedule G) . . . . Exploited exempt activity income (Schedule I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advertising income (Schedule J) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other income (See instructions; attach schedule) . SEE . . . . . . . . . STMT . . . . . . . . . . .2 .... Total. Combine lines 3 through 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(A) Income

808-537-6333

(B) Expenses

1c 2 3 4a 4b 4c 5 6 7 8 9 10 11 12 13

766,885 766,885 766,885 766,885 Part II Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions, deductions must be directly connected with the unrelated business income.) 121,527 14 Compensation of officers, directors, and trustees (Schedule K) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 431,138 15 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 943 16 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 DAA

Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest (attach schedule) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Charitable contributions (See instructions for limitation rules) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,521 21 Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less depreciation claimed on Schedule A and elsewhere on return . . . . . . . . . . . . . . . . . . . . . . . 22a Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contributions to deferred compensation plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Excess exempt expenses (Schedule I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Excess readership costs (Schedule J) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SEE . . . . . . . . .STATEMENT . . . . . . . . . . . . . . . . . . . . . .3 .... Total deductions. Add lines 14 through 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13 . . . . . . . . . . . . . . . . Deduction for net operating loss arising in tax years beginning on or after January 1, 2018 (see instructions) . . . . . . . . Unrelated business taxable income. Subtract line 31 from line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see instructions.

17 18 19 20 22b 23 24 25 26 27 28 29 30 31 32

2,521

163,517

152,996 872,642 -105,757

Form

-105,757 990-T (2018)

HAW0006 11/13/2019 9:59 AM Pg 69

Form 990-T (2018)

Part III 33 34 35 36 37 38

41 42 43 44

51 52 53 54 55

33 34

54,901

36 37

0 1,000

Tax Computation

39 40 41 42 43 44

Tax and Payments

Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116) . . . . . 45a Other credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45b General business credit. Attach Form 3800 (see instructions) . . . . . . . . . . . . . . . . . . . . . 45c Credit for prior year minimum tax (attach Form 8801 or 8827) . . . . . . . . . . . . . . . . . . . . . 45d Total credits. Add lines 45a through 45d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 45e from line 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other taxes. Check if from:

Form 4255

Form 8611

Form 8697

Form 8866

Other (att. sch.) . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total tax. Add lines 46 and 47 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2018 net 965 tax liability paid from Form 965-A or Form 965-B, Part II, column (k) line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . Payments: A 2017 overpayment credited to 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50a 5,004 2018 estimated tax payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50b Tax deposited with Form 8868 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50c Foreign organizations: Tax paid or withheld at source (see instructions) . . . . . . . . . . 50d Backup withholding (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50e Credit for small employer health insurance premiums (attach Form 8941) . . . . . . . . 50f Other credits, adjustments, and payments: Form 2439 Total  50g Form 4136 Other Total payments. Add lines 50a through 50g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  Tax due. If line 51 is less than the total of lines 48, 49, and 52, enter amount owed . . . . . . . . . . . . . . . . . . . . . . . . . . .  Overpayment. If line 51 is larger than the total of lines 48, 49, and 52, enter amount overpaid . . . . . . . . . . . . . . .  Enter the amount of line 54 you want: Credited to 2019 estimated tax  5,004 Refunded 

Part VI

45e 46 47 48 49

5,004

51 52 53 54 55

0 5,004

Statements Regarding Certain Activities and Other Information (see instructions)

Yes At any time during the 2018 calendar year, did the organization have an interest in or a signature or other authority over a financial account (bank, securities, or other) in a foreign country? If "YES," the organization may have to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts. If "YES," enter the name of the foreign country here  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "YES," see instructions for other forms the organization may have to file. Enter the amount of tax-exempt interest received or accrued during the tax year  $

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Sign Here 

 SVP-CFO

Signature of officer Print/Type preparer's name

ISOO OSHIMA Paid Preparer Firm's name  Use Only Firm's address 

Date

Title Preparer's signature

ISOO OSHIMA

OSHIMA COMPANY CPA 841 BISHOP ST., STE 208 HONOLULU, HI 96813-3920

.........

Yes

X Date

Check

11/13/19

self-employed

Firm's EIN 

Phone no.

X X

May the IRS discuss this return with the preparer shown below (see instructions)?

PTIN

*********

**-***6721 808-521-6481 Form

DAA

Page

Organizations Taxable as Corporations. Multiply line 38 by 21% (0.21) ............................................ Trusts Taxable at Trust Rates. See instructions for tax computation. Income tax on the amount on line 38 from: Tax rate schedule or Schedule D (Form 1041) . . . . . . . . . . . . . . . . . . . . . Proxy tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alternative minimum tax (trusts only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tax on Noncompliant Facility Income. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total. Add lines 41, 42, and 43 to line 39 or 40, whichever applies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part V 45a b c d e 46 47 48 49 50a b c d e f g

**-***1283

Total of unrelated business taxable income computed from all unrelated trades or businesses (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amounts paid for disallowed fringes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deductions for net operating loss arising in tax years beginning before January 1, 2018 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total of unrelated business taxable income before specific deduction. Subtract line 35 from the sum of lines 33 and 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Specific deduction (Generally $1,000, but see line 37 instructions for exceptions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unrelated business taxable income. Subtract line 37 from line 36. If line 37 is greater than line 36, enter the smaller of zero or line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part IV

39 40

HAWAII COMMUNITY FOUNDATION

Total Unrelated Business Taxable income

990-T (2018)

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HAWAII COMMUNITY FOUNDATION

Form 990-T (2018)

**-***1283

Page

Schedule A – Cost of Goods Sold. Enter method of inventory valuation  1 2 3 4a b 5

1 2 3

6 7

4a 4b 5

Inventory at beginning of year . . Purchases . . . . . . . . . . . . . . . . . . . . . . . Cost of labor . . . . . . . . . . . . . . . . . . . . . Additional sec. 263A costs (attach schedule) ......................... Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . .

Total. Add lines 1 through 4b

...

6 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . Cost of goods sold. Subtract line 6 from line 5. Enter here and in Part I, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Do the rules of section 263A (with respect to property produced or acquired for resale) apply to the organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Schedule C – Rent Income (From Real Property and Personal Property Leased With Real Property) (see instructions) 1. Description of property (1)

N/A

(2) (3) (4) 2. Rent received or accrued (a) From personal property (if the percentage of rent

(b) From real and personal property (if the

3(a) Deductions directly connected with the income

for personal property is more than 10% but not

percentage of rent for personal property exceeds

in columns 2(a) and 2(b) (attach schedule)

more than 50%)

50% or if the rent is based on profit or income)

(1) (2) (3) (4)

Total

(c) Total income. Add totals of columns 2(a) and 2(b). Enter here and on page 1, Part I, line 6, column (A) . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) Total deductions. Enter here and on page 1, Part I, line 6, column (B) 



Schedule E – Unrelated Debt-Financed Income (see instructions) 1. Description of debt-financed property

(1)

3. Deductions directly connected with or allocable to debt-financed property

2. Gross income from or allocable to debt-financed property

(a) Straight line depreciation (attach schedule)

(b) Other deductions (attach schedule)

7. Gross income reportable (column 2 x column 6)

8. Allocable deductions (column 6 x total of columns 3(a) and 3(b))

N/A

(2) (3) (4) 4. Amount of average acquisition debt on or allocable to debt-financed property (attach schedule) (1) (2) (3) (4)

5. Average adjusted basis of or allocable to debt-financed property (attach schedule)

6. Column 4 divided by column 5

% % % % Enter here and on page 1, Part I, line 7, column (A).

Enter here and on page 1, Part I, line 7, column (B).

Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  Total dividends-received deductions included in column 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  Form

DAA

990-T (2018)

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Form 990-T (2018)

HAWAII COMMUNITY FOUNDATION

**-***1283

Page

Schedule F – Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions) Exempt Controlled Organizations 1. Name of controlled organization

2. Employer identification number

3. Net unrelated income (loss) (see instructions)

4. Total of specified payments made

5. Part of column 4 that is included in the controlling organization's gross income

6. Deductions directly connected with income in column 5

N/A

(1) (2) (3) (4)

Nonexempt Controlled Organizations 8. Net unrelated income (loss) (see instructions)

7. Taxable Income

9. Total of specified payments made

10. Part of column 9 that is included in the controlling organization's gross income

11. Deductions directly connected with income in column 10

Add columns 5 and 10. Enter here and on page 1, Part I, line 8, column (A).

Add columns 6 and 11. Enter here and on page 1, Part I, line 8, column (B).

(1) (2) (3) (4)

Totals

.........................................................................................



Schedule G – Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instructions) 1. Description of income

(1)

2. Amount of income

3. Deductions directly connected (attach schedule)

5. Total deductions and set-asides (col. 3 plus col.4)

4. Set-asides (attach schedule)

N/A

(2) (3) (4)

Enter here and on page 1, Part I, line 9, column (A). Totals

.......................................

Enter here and on page 1, Part I, line 9, column (B).



Schedule I – Exploited Exempt Activity Income, Other Than Advertising Income (see instructions)

1. Description of exploited activity

(1)

2. Gross unrelated business income from trade or business

3. Expenses directly connected with production of unrelated business income

Enter here and on page 1, Part I, line 10, col. (A).

Enter here and on page 1, Part I, line 10, col. (B).

4. Net income (loss) from unrelated trade or business (column 2 minus column 3). If a gain, compute cols. 5 through 7.

5. Gross income from activity that is not unrelated business income

6. Expenses attributable to column 5

7. Excess exempt expenses (column 6 minus column 5, but not more than column 4).

N/A

(2) (3) (4)

Totals

.......................

Enter here and on page 1, Part ll, line 26.



Schedule J – Advertising Income (see instructions) Part I Income From Periodicals Reported on a Consolidated Basis 2. Gross advertising income

1. Name of periodical

(1)

3. Direct advertising costs

4. Advertising gain or (loss) (col. 2 minus col. 3). If a gain, compute cols. 5 through 7.

5. Circulation income

6. Readership costs

7. Excess readership costs (column 6 minus column 5, but not more than column 4).

N/A

(2) (3) (4)

Totals (carry to Part II, line (5))

 Form

DAA

990-T (2018)

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Page 5 HAWAII COMMUNITY FOUNDATION **-***1283 Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns 2 through 7 on a line-by-line basis.)

Form 990-T (2018)

Part II

2. Gross advertising

1. Name of periodical

(1)

income

3. Direct advertising costs

4. Advertising gain or (loss) (col. 2 minus col. 3). If a gain, compute cols. 5 through 7.

5. Circulation income

6. Readership costs

7. Excess readership costs (column 6 minus column 5, but not more than column 4).

N/A

(2) (3) (4)

Totals from Part I

..........

 Enter here and on page 1, Part I, line 11, col. (A).

Totals, Part II (lines 1-5)

....

Enter here and on page 1, Part I, line 11, col. (B).

Enter here and on page 1, Part ll, line 27.



Schedule K – Compensation of Officers, Directors, and Trustees (see instructions) 1. Name

2. Title

3. Percent of time devoted to business

(4)

% % % %

Total. Enter here and on page 1, Part ll, line 14



(1)

SEE STATEMENT 4

(2) (3)

4. Compensation attributable to unrelated business

121,527 Form

DAA

990-T (2018)

HAW0006 11/13/2019 9:59 AM Pg 73

Form

990-T

Schedule M Charitable Contribution and Loss Calculation Description UNRELATED

Name

2018

Taxpayer Identification Number

HAWAII COMMUNITY FOUNDATION **-***1283 Unincorporated Business Income Tax Code: 541900 Activity: OTHER PROFESSIONAL, TECHNICAL SE Worksheet 1 Activity Charitable Contribution Deduction 1 2 3 4 5 6 7 8 9 10

Activity Income (Schedule M, Line 13, col C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Activity Expense (does not include amount needed for Line 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Income (Line 1 minus Line 2); If less than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Current activity contribution limit (Multiplier used is10 %) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Current year contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Prior year contributions (corporations only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total available contributions (Add lines 5 and 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Take the lesser of Line 4 or 7; Enter here and on Line 20 (Form 990T or Sch M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Remaining contributions (subtract line 8 from line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Allocate any remaining amount of Line 9 to taxable fringe benefits (within percent limits);

Enter amount here and on Form 990-T, Line 33 as a negative amount

1 2 3 4 5 6 7 8 9

..................................

10 11

Activity losses (do not include amounts before 2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount of loss used in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Prior year losses carried over to next year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Losses generated by current year activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total loss carried forward to 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 2 3 4 5

...................................................

11 Remaining contributions (carried forward for corporations only, See Worksheet 3)

766,885 872,642 0 0

Worksheet 2 Activity Losses and Carryforward Amounts 1 2 3 4 5

0 105,757 105,757

Worksheet 3 Activity Charitable Contribution Carryforward Prior Year Prior Tax Years

Contributions

Used

Carryover

Current Year

Next Year

Amount Used

Carryover

12/31/13 4th 12/31/14 3rd 12/31/15 2nd 12/31/16 1st 12/31/17 5th

Charitable Contribution Carryover To Current Year Current Year Amount 0 Charitable Contribution Carryover Available To Next Year

0 0 0

HAW0006 HAWAII COMMUNITY FOUNDATION Federal Statements **-***1283 FYE: 12/31/2018

11/13/2019 9:57 AM Page 1

Statement 1 - Form 990-T - Primary Unrelated Business Activity Description FEES FOR ADMINISTRATIVE SERVICES FOR OTHER CHARITABLE ORGANIZATIONS

Statement 2 - Form 990-T, Part I, Line 12 - Other Income Description

Amount

PROGRAM INCOME TOTAL

$ $

766,885 766,885

Statement 3 - Form 990-T, Part II, Line 28 - Other Deductions Description

Amount

SEE ATTACHMENT A TOTAL

$ $

152,996 152,996

Statement 4 - Form 990-T, Schedule K - Compensation of Officers, Directors, and Trustees Name MICAH KANE KATHERINE LLOYD WALLACE G.K. CHIN AMY LUERSEN CURTIS SAIKI MICHELLE KAUHANE TOTAL

Title CEO SVP-ENGMT CUL & D RE SVP-CFO SVP-COMM GRNTS & INV SVP-DEV. & GEN. CONS VP-COM GRANTS & INV

Percentage of Time 7.34 2.16 8.64 33.29 7.52 33.29

Compensation $

21,681 4,362 15,403 56,505 9,299 14,277 121,527

1-4

HAW0006 11/13/2019 9:59 AM Pg 75

Form

Depreciation and Amortization

4562

OMB No. 1545-0172

2018

(Including Information on Listed Property)  Attach to your tax return.

Department of the Treasury Internal Revenue Service

Attachment Sequence No.

 Go to www.irs.gov/Form4562 for instructions and the latest information.

(99)

Name(s) shown on return

179

Identifying number

HAWAII COMMUNITY FOUNDATION

**-***1283

Business or activity to which this form relates

INDIRECT DEPRECIATION Part I 1 2 3 4 5 6

Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I.

(a) Description of property

(b) Cost (business use only)

Part II

15 16

8 9 10 11 12

Special Depreciation Allowance and Other Depreciation (Don’t include listed property. See instructions.)

Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part III

2,500,000

7 7 Listed property. Enter the amount from line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Carryover of disallowed deduction from line 13 of your 2017 Form 4562 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions . 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Carryover of disallowed deduction to 2019. Add lines 9 and 10, less line 12 . . . . . . . . . 13 Note: Don't use Part II or Part III below for listed property. Instead, use Part V. 14

1,000,000

1 2 3 4 5

Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions . . . . . . .

14 15 16

MACRS Depreciation (Don’t include listed property. See instructions.) Section A

17 18

MACRS deductions for assets placed in service in tax years beginning before 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here . . . . . . . .

2,517



Section B—Assets Placed in Service During 2018 Tax Year Using the General Depreciation System (a) Classification of property

19a b c d e f g

(b) Month and year placed in service

3-year property 5-year property 7-year property 10-year property 15-year property 20-year property 25-year property

20a b c d

(d) Recovery period

121

5.0

(e) Convention

(f) Method

Part IV

S/L

DAA

25 yrs. 27.5 yrs. 27.5 yrs. 39 yrs.

Summary (See instructions.)

Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations—see instructions . . . . . . . . . . . . . . 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 For Paperwork Reduction Act Notice, see separate instructions.

21 22

(g) Depreciation deduction

S/L MM S/L MM S/L MM S/L Nonresidential real property MM S/L Section C—Assets Placed in Service During 2018 Tax Year Using the Alternative Depreciation System Class life S/L 12-year 12 yrs. S/L 30-year 30 yrs. MM S/L 40-year 40 yrs. MM S/L

h Residential rental property i

2,521

Form

4562 (2018)

THERE ARE NO AMOUNTS FOR PAGE 2

Year Ended: December 31, 2018

HAW0006 11/13/2019 9:59 AM Pg 76

**-***1283

HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU, HI 96813-2817

Section 1.263(a)-1(f) De Minimis Safe Harbor Election Under Regulation 1.263(a)-1(f), the taxpayer hereby elects to apply the de minimis safe harbor election to all qualifying property placed in service during the tax year.

HAW0006 11/13/2019 9:59 AM Pg 77

Year Ended: December 31, 2018

**-***1283

HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU, HI 96813-2817

Electing out of Bonus Depreciation Allowance for All Eligible Depreciable Property The above named taxpayer elects out of the first-year bonus depreciation allowance under IRC Section 168(k)(7) for all eligible depreciable property placed in service during the tax year.

Hawaii Community Foundation Form 990-T Part II, Line 28 Other Deductions

Professional Fees Advertising Office and Supplies Printing and Publication Telephone Computer and Technology Occupancy and Utilities Temporary Personnel and Recruitment Business Insurance Business-Travel and Mileage Training-Seminars and Travel Meetings Dues and Subscriptions Entertainment and Gifts Staff Activities Miscellaneous Expenses

55,647 3,900 4,104 3,710 5,015 76,789 24,497 90 1,187 5,923 9,153 15,144 3,034 2,189 2,190 424 $152,996

ATTACHMENT A

HAW0006 HAWAII COMMUNITY FOUNDATION Federal Asset Report **-***1283 Form 990, Page 1 FYE: 12/31/2018 Asset

Description

Date In Service

5-year GDS Property: 6 SHARE OF 2018 NEW ASSETS

Prior MACRS: 1 NEW ASSET 2 NEW ASSET 3 SHARE OF 2016 ASSETS 4 OTHER ASSETS 5 SHARE OF 2017 ASSET

Cost

11/13/2019 9:57 AM Page 1

Bus Sec Basis % 179Bonus for Depr

7/01/18

121 121

7/01/15 10/01/15 7/01/16 7/01/14 7/01/17

2,498 1,450 3,086 121,375 3,791 132,200

132,321 0 0 132,321

Grand Totals Less: Dispositions and Transfers Less: Start-up/Org Expense Net Grand Totals

PerConv Meth

5 HY S/L

5 3 5 5 5

MQ HY HY HY HY

S/L S/L S/L S/L S/L

Prior

Current

0 0

4 4

1,092 1,048 1,000 2,544 256 5,940

500 402 617 240 758 2,517

5,940 0 0 5,940

2,521 0 0 2,521

HAW0006 HAWAII COMMUNITY FOUNDATION HI Asset Report **-***1283 Form 990, Page 1 FYE: 12/31/2018 Asset

Description

5-year GDS Property: 6 SHARE OF 2018 NEW ASSETS

Prior MACRS: 1 NEW ASSET 2 NEW ASSET 3 SHARE OF 2016 ASSETS 4 OTHER ASSETS 5 SHARE OF 2017 ASSET

Grand Totals Less: Dispositions Less: Start-up/Org Expense Net Grand Totals

Date In Service

Cost

Basis for Depr

11/13/2019 9:57 AM Page 1

HI Prior

HI Current

Federal Current

Difference Fed - HI

7/01/18

121 121

0 0

4 4

0 0

7/01/15 10/01/15 7/01/16 7/01/14 7/01/17

2,498 1,450 3,086 121,375 3,791 132,200

1,092 1,048 1,000 2,544 256 5,940

500 402 617 240 758 2,517

0 0 0 0 0 0

132,321 0 0 132,321

5,940 0 0 5,940

2,521 0 0 2,521

0 0 0 0

HAW0006 HAWAII COMMUNITY FOUNDATION AMT Asset Report **-***1283 Form 990, Page 1 FYE: 12/31/2018 Asset

Description

Date In Service

5-year GDS Property: 6 SHARE OF 2018 NEW ASSETS

Prior MACRS: 1 NEW ASSET 2 NEW ASSET 3 SHARE OF 2016 ASSETS 4 OTHER ASSETS 5 SHARE OF 2017 ASSET

Cost

11/13/2019 9:57 AM Page 1

Bus Sec Basis % 179Bonus for Depr

7/01/18

121 121

7/01/15 10/01/15 7/01/16 7/01/14 7/01/17

2,498 1,450 3,086 121,375 3,791 132,200

132,321 0 132,321

Grand Totals Less: Dispositions and Transfers Net Grand Totals

PerConv Meth

5 HY S/L

5 3 5 5 5

MQ HY HY HY HY

S/L S/L S/L S/L S/L

Prior

Current

0 0

4 4

1,092 1,048 926 2,544 379 5,989

500 402 617 240 758 2,517

5,989 0 5,989

2,521 0 2,521

HAW0006 HAWAII COMMUNITY FOUNDATION Depreciation Adjustment Report **-***1283 All Business Activities FYE: 12/31/2018

Form

Unit

Asset

Description

Tax

AMT

11/13/2019 9:57 AM Page 1

AMT Adjustments/ Preferences

MACRS Adjustments: Page 1 Page 1 Page 1 Page 1 Page 1 Page 1

1 1 1 1 1 1

1 2 3 4 5 6

NEW ASSET NEW ASSET SHARE OF 2016 ASSETS OTHER ASSETS SHARE OF 2017 ASSET SHARE OF 2018 NEW ASSETS

500 402 617 240 758 4 2,521

0 0 0 0 0 0 0

HAW0006 HAWAII COMMUNITY FOUNDATION Future Depreciation Report **-***1283 Form 990, Page 1 FYE: 12/31/2018 Asset

Description

Date In Service

Cost

FYE:

Tax

11/13/2019 9:57 AM 12/31/19 Page 1

AMT

Prior MACRS: 1 2 3 4 5 6

NEW ASSET NEW ASSET SHARE OF 2016 ASSETS OTHER ASSETS SHARE OF 2017 ASSET SHARE OF 2018 NEW ASSETS

Grand Totals

7/01/15 10/01/15 7/01/16 7/01/14 7/01/17 7/01/18

2,498 1,450 3,086 121,375 3,791 121 132,321

499 0 617 24,275 759 24 26,174

132,321

26,174

HAW0006 HAWAII COMMUNITY FOUNDATION HI Future Depreciation Report **-***1283 Form 990, Page 1 FYE: 12/31/2018 Asset

Description

Date In Service

Cost

FYE:

Prior MACRS: 1 2 3 4 5 6

NEW ASSET NEW ASSET SHARE OF 2016 ASSETS OTHER ASSETS SHARE OF 2017 ASSET SHARE OF 2018 NEW ASSETS

Grand Totals

7/01/15 10/01/15 7/01/16 7/01/14 7/01/17 7/01/18

2,498 1,450 3,086 121,375 3,791 121 132,321

499 0 617 24,275 759 24 26,174

132,321

26,174

11/13/2019 9:57 AM 12/31/19 Page 1

HAW0006 11/13/2019 9:59 AM Pg 84

Form

990-T

Net Operating Loss Carryover Worksheet for Pre-2018 Losses For calendar year 2018, or tax year beginning

2018

, ending

Name Employer Identification Number

HAWAII COMMUNITY FOUNDATION

**-***1283 Prior Year

Preceding Taxable Year

Adj. To NOL Inc/(Loss) After Adj.

NOL Utilized (Income Offset)

Current Year Carryovers to Current Year

20th

12/30/98

19th

12/30/99

18th

12/31/00

17th

12/31/01

16th

12/31/02

15th

12/31/03

14th

12/31/04

13th

12/31/05

12th

12/31/06

11th

12/31/07

10th

12/31/08

9th

12/31/09

8th

12/31/10

7th

12/31/11

-56,846

56,846

6th

12/31/12

9,756

-9,756

5th

12/31/13

20,751

-20,751

4th

12/31/14

9,380

-9,380

3rd

12/31/15

51,321

-16,959

2nd

12/31/16

-132,260

132,260

1st

12/31/17

-101,914

101,914

54,901

Next Year Carryover

77,359 101,914

234,174

NOL carryover available to current year Current year

Income Offset By Prior Carryover

53,901

NOL carryover available to next year

179,273

HAW0006 11/13/2019 9:59 AM Pg 86

Form

990T

Two Year Comparison Report For calendar year 2018, or tax year beginning

2017 & 2018

, ending

Name

Taxpayer Identification Number

Due/Refund

Tax & Credits

Expenses

Revenue

HAWAII COMMUNITY FOUNDATION 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50.

Gross profit/loss on business activities . . . . . . . . . . . . . . . . . . . . . . . . Capital gains/losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income/loss from partnerships and S corporations . . . . . . . . . . . . Rental income (net of expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unrelated debt-financed income (net of expense) . . . . . . . . . . . . . Interest, and other income from controlled organizations (net of expense) Investment income of specific organizations (net of expense) . . . . . . . . . . Exploited exempt activity income (net of expense) . . . . . . . . . . . . Advertising income (net of expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total trade or business income. Combine lines 1 through 10 Compensation of officers, directors, and trustees . . . . . . . . . . . . . Other salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation and Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contributions to deferred compensation plans . . . . . . . . . . . . . . . . Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total deductions. Add lines 12 through 22 . . . . . . . . . . . . . . . . . . . Net income on Page 1;Subtract line 23 from 11 . . . . . . . . . . . . . . Unrelated business taxable income from all trades . . . . . . . . . . . . Disallowed employee fringe benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . Net operating loss (pre-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxable income after NOL loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . Specific deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unrelated business taxable income. . . . . . . . . . . . . . . . . . . . . . . Income tax (corporate or trust) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proxy tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . General business credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Credit for prior year minimum tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net tax after credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recapture taxes and 965 tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Taxes Prior year overpayment and estimated tax payments . . . . . . . . . Payment made with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Backup withholding and foreign withholding . . . . . . . . . . . . . . . . . . . Other payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance due/(Overpayment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Overpayment applied to next year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total due/(Refund)

**-***1283 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50.

2017

2018

728,150 728,150 125,035 393,892 1,229

766,885 766,885 121,527 431,138 943

Differences

38,735 38,735 -3,508 37,246 -286 -10

2,685

2,521

-164

153,672 153,541 830,064 -101,914 -101,914

163,517 152,996 872,642 -105,757 54,901 54,901

9,845 -545 42,578 -3,843 101,914 54,901 54,901

1,000

5,004

5,004 -5,004 5,004

HAW0006 11/13/2019 9:59 AM Pg 88

Form

990T

2018

Tax Return History

Name

Employer Identification Number

HAWAII COMMUNITY FOUNDATION

**-***1283

* Income shown net of expenses Business activity profit/loss . . . . . . . Capital gains/losses . . . . . . . . . . . . . . . . Partner and S Corp gain/loss . . . . . . . Rental income* . . . . . . . . . . . . . . . . . . . . . Debt-financed income* . . . . . . . . . . . . . Controlled organizations income/interest* . . . Investment income, specific organizations* Exploited exempt activity income* . . Other income . . . . . . . . . . . . . . . . . . . . . . . Total trade or business income. . Compensation of officers, ect. . . . . . . Other salaries and wages . . . . . . . . . . Repairs and maintenance . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . Charitable contributions . . . . . . . . . . . . Depreciation and Depletion . . . . . . . . . Deferred compensation plans . . . . . . Employee benefit programs . . . . . . . .

2014

2015

2016

2017

2018

729,634 729,634 51,785 402,121 818

751,430 751,430 51,738 389,859 830

697,650 697,650 139,833 419,236 1,148

728,150 728,150 125,035 393,892 1,229

766,885 766,885 121,527 431,138 943

4,249

3,925

3,082

2,685

2,521

133,190

124,391

146,736

153,672

163,517

2019

HAW0006 11/13/2019 9:59 AM Pg 89

Form

990T

2018

Tax Return History

Name

Employer Identification Number

HAWAII COMMUNITY FOUNDATION Other deductions

...................

Net income (990T/first activity)

UBTI from all trades . . . . . . . . . . . . . . . . Taxable employee fringe benefits . . Net operating loss deduction . . . . . . . Specific deduction . . . . . . . . . . . . . . . . . .

2014

2015

128,076 9,380 9,380

129,345 51,321 51,321

9,380 1,000

16,959 1,000 33,362 5,004

Income after expense and deductions Income tax (corporate or trust) . . . . . Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . Total taxes . . . . . . . . . . . . . . . . . . . . . . . . . General business credit . . . . . . . . . . . . Other credits . . . . . . . . . . . . . . . . . . . . . . . . Net tax after credits . . . . . . . . . . . . . . . Estimated tax payments . . . . . . . . . . . . Other payments . . . . . . . . . . . . . . . . . . . . . Balance due/Overpayment . . . . . . . .

**-***1283 2016

2017

2018

119,872 -132,260 0

153,541 -101,914 0

152,996 -105,757 0 54,901 54,901 1,000

5,004

-5,004

5,004 5,004 4,100 -4,100

5,004

2019

HAW0006 HAWAII COMMUNITY FOUNDATION Federal Statements **-***1283 FYE: 12/31/2018 Form 990-T - Other Deductions Not Taken Elsewhere Description SEE ATTACHMENT A TOTAL

Amount $ $

152,996 152,996

11/13/2019 9:58 AM Page 5