HAWAII INSURANCE GUARANTY ASSOCIATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- HAWAII INSURANCE GUARANTY ASSOCIATION (EIN 23-7291686)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-06-01
- IRS object ID
- 201631539349300228
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-06-01T14:48:46-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 262451631 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAY MIYAKI CPA LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 QUEEN ST SUITE C-4 | AddressLine1Txt |
| City | HONOLULU | CityNm |
| State Abbreviation | HI | StateAbbreviationCd |
| ZIP | 968135113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237291686 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAWAII INSURANCE GUARANTY ASSOCIATI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HAWA | BusinessNameControlTxt |
| Phone | 8085281222 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4660 | AddressLine1Txt |
| City | HONOLULU | CityNm |
| State Abbreviation | HI | StateAbbreviationCd |
| ZIP | 968124660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BLAKE OBATA | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 8085281222 | PhoneNum |
| Signature | 2016-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAY MIYAKI | PreparerPersonNm |
| PTIN | P00853901 | PTIN |
| Phone | 8085221042 | PhoneNum |
| Preparation | 2016-06-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BLAKE OBATA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1003 BISHOP STREET SUITE 1160 | AddressLine1Txt |
| City | HONOLULU | CityNm |
| State Abbreviation | HI | StateAbbreviationCd |
| ZIP | 96813 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,930,805 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | HI | LegalDomicileStateCd |
| Activity Or Mission | THE ASSOCIATION WAS CREATED BY THE STATE FOR THE TIMELY PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID FINANCIAL LOSS TO CLAIMANTS DUE TO INSURER INSOLVENCY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,066,372 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,916,052 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15,676 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,739 | CYInvestmentIncomeAmt |
| CY Other Revenue | $14 | CYOtherRevenueAmt |
| PY Total Revenue | $1,082,048 | PYTotalRevenueAmt |
| CY Total Revenue | $2,930,805 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $365,403 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $373,634 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,235,952 | PYOtherExpensesAmt |
| CY Other Expenses | $3,136,926 | CYOtherExpensesAmt |
| PY Total Expenses | $2,601,355 | PYTotalExpensesAmt |
| CY Total Expenses | $3,510,560 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,519,307 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$579,755 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $11,050,679 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,470,924 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,050,679 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $10,470,924 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ASSOCIATION WAS CREATED UNDER THE HAWAII INSURANCE GUARANTY ASSOCIATION ACT UNDER ARTICLE 16, CHAPTER 431 OF THE HAWAII REVISED STATUTES. THE ASSOCIATION ACTS AS A MECHANISM FOR THE TIMELY PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $3,295,561 | ExpenseAmt |
| Revenue | $2,916,052 | RevenueAmt |
| Desc | NET CLAIM PAYMENTS GOVERNED BY STATUTES WHICH SET FORTH FILING DEADLINES AND MAXIMUM CLAIM SETTLMENT AMOUNTS. | Desc |
| Total Program Service Expenses | $3,295,561 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 87 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BLAKE OBATA | PersonNm |
| Phone | 8085281222 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1003 BISHOP STREET SUITE 1160 | AddressLine1Txt |
| City | HONOLULU | CityNm |
| State Abbreviation | HI | StateAbbreviationCd |
| ZIP | 96813 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| ISAAC KOSASA | ||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL ONOFRIETTI | ||||||
| VICE-CHAIRMA | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHANNON KELLY | ||||||
| SECRETARY/TR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KATHLEEN G BISSELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LLOYD CHAFFIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TEUILA BLYTHE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ELLEN POOLE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JON HEDEGARD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WAYNE NAKAMURA | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BLAKE OBATA | ||||||
| EXECUTIVE DI | 40.00 | $124,070 | $0 | $23,327 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $124,070 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $23,327 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|---|
| THE QUEENS MEDICAL CENTER | |||||||
| THE QUEENS MEDICAL CENTER | 1301 PUNCHBOWL ST | 1301 PUNCHBOWL ST | HONOLULU | HI | 96813 | MEDICAL | $161,573 |
| LAW OFFICE OF JAMES J STONE | |||||||
| LAW OFFICE OF JAMES J STONE | 841 BISHOP ST 1711 | 841 BISHOP ST 1711 | HONOLULU | HI | 96813 | PLAINTIFF ATTOR | $134,231 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| REIMB/ADVANCS FROM LIQUIDTORS | 524298 | $2,619,959 | $2,619,959 |
| RECVRIES, REINSUR, SALV, SUBR | 524298 | $296,093 | $296,093 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,916,052 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,739 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,739 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $14 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $14 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,930,805 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,930,805 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,070 | TotalAmt |
| Program Services | $92,323 | ProgramServicesAmt |
| Management And General | $31,747 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,721 | TotalAmt |
| Program Services | $123,317 | ProgramServicesAmt |
| Management And General | $42,404 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,981 | TotalAmt |
| Program Services | $19,333 | ProgramServicesAmt |
| Management And General | $6,648 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,872 | TotalAmt |
| Program Services | $25,949 | ProgramServicesAmt |
| Management And General | $8,923 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,990 | TotalAmt |
| Program Services | $17,107 | ProgramServicesAmt |
| Management And General | $5,883 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,458 | TotalAmt |
| Program Services | $13,424 | ProgramServicesAmt |
| Management And General | $2,034 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,429 | TotalAmt |
| Management And General | $48,429 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,621 | TotalAmt |
| Program Services | $1,950 | ProgramServicesAmt |
| Management And General | $671 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,884 | TotalAmt |
| Program Services | $3,634 | ProgramServicesAmt |
| Management And General | $1,250 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,996 | TotalAmt |
| Program Services | $35,715 | ProgramServicesAmt |
| Management And General | $12,281 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,876 | TotalAmt |
| Program Services | $79,529 | ProgramServicesAmt |
| Management And General | $27,347 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,527 | TotalAmt |
| Program Services | $9,322 | ProgramServicesAmt |
| Management And General | $3,205 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,231 | TotalAmt |
| Program Services | $2,404 | ProgramServicesAmt |
| Management And General | $827 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,363 | TotalAmt |
| Program Services | $4,735 | ProgramServicesAmt |
| Management And General | $1,628 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,684 | TotalAmt |
| Program Services | $1,253 | ProgramServicesAmt |
| Management And General | $431 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CLAIMS PAID | $2,622,712 | $2,622,712 | |
| CLAIMS EXPENSES | $184,519 | $184,519 | |
| DUES AND SUBSCRIPTIONS | $47,922 | $35,660 | $12,262 |
| PARKING | $13,773 | $10,249 | $3,524 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,931 | TotalAmt |
| Program Services | $12,426 | ProgramServicesAmt |
| Management And General | $5,505 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,510,560 | TotalAmt |
| Program Services | $3,295,561 | ProgramServicesAmt |
| Management And General | $214,999 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,414,638 | BOYAmt |
| EOY | $1,531,230 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,616,942 | BOYAmt |
| EOY | $8,926,957 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $172,192 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $159,455 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,099 | BOYAmt |
| EOY | $12,737 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,050,679 | BOYAmt |
| EOY | $10,470,924 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,050,679 | BOYAmt |
| EOY | $10,470,924 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,050,679 | BOYAmt |
| EOY | $10,470,924 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,050,679 | BOYAmt |
| EOY | $10,470,924 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$579,755 | ReconcilationRevenueExpnssAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (true) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $172,192 | OtherCostOrOtherBasisAmt |
| Depreciation | $159,455 | DepreciationAmt |
| Book Value | $12,737 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,737 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,930,805 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $2,930,805 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,930,805 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,510,560 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $3,510,560 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,510,560 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | MANAGEMENT IS REQUIRED TO ASCERTAIN THE EFFECT OF UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. TAX RETURNS ARE OPEN FOR EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE STATUTE OF LIMITATION (GENERALLY THREE YEARS) EXPIRES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE ASSOCIATION WAS CREATED UNDER THE HAWAII INSURANCE GUARANTY ASSOCIATION ACT UNDER ARTICLE 16, CHAPTER 431 OF THE HAWAII REVISED STATUTES. THE ASSOCIATION ACTS AS A MECHANISM FOR THE TIMELY PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | INSURERS WHICH WERE ADMITTED AS OF MAY 25, 1971 TO TRANSACT THE KINDS OF INSURANCE COVERED BY THE ACT IN THE STATE OF HAWAII SHALL BE MEMBERS OF THE HAWAII INSURANCE GUARANTY ASSOCIATION. EACH INSURER ADMITTED AFTER MAY 25, 1971 TO TRANSACT THE KINDS OF INSURANCE COVERED BY THE ACT SHALL AUTOMATICALLY BECOME, EFFECTIVE ON THE DATE OF ITS ADMISSION, A MEMBER OF THE GUARANTY ASSOCIATION. AN INSURER WHICH CEASES TO BE ADMITTED AFTER MAY 25, 1971 SHALL AUTOMATICALLY CEASE TO BE A MEMBER EFFECTIVE ON THE DAY FOLLOWING THE TERMINATION OR EXPIRATION OF ITS CERTIFICATE OF AUTHORITY TO TRANSACT THE KINDS OF INSURANCE COVERED BY THE ACT, PROVIDED SUCH INSURER SHALL REMAIN LIABLE FOR ANY ASSESSMENTS BASED ON INSOLVENCIES OCCURRING PRIOR TO THE TERMINATION OF ITS CERTIFICATE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD OF DIRECTORS SHALL CONSIST OF NINE MEMBER INSURERS. THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE MEMBER INSURERS AND SHALL FAIRLY REPRESENT MEMBER INSURERS WITH EACH MEMBER INSURER TO HAVE ONE VOTE. IN THE EVENT THE COMMISSIONER DETERMINES THAT ALL MEMBER INSURERS ARE NOT FAIRLY REPRESENTED, THE COMMISSIONER SHALL DISAPPROVE THE MEMBERSHIP OF THE BOARD AND ORDER ANOTHER ELECTION. IN THE INTERIM BETWEEN SUCH DISAPPROVAL AND THE SUBSEQUENT ELECTION, THE COMMISSIONER MAY APPOINT A TEMPORARY BOARD OF DIRECTORS WHICH FAIRLY REPRESENTS THE MEMBER INSURERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS ROUTED TO THE EXECUTIVE COMMITTE FOR REVIEW AND APPROVAL BEFORE SUBMITTAL TO THE INTERNAL REVENUE SERVICE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ANNUALLY, EACH EMPLOYEE & THE BOARD OF DIRECTORS ARE REQUIRED TO READ, ACKNOWLEDGE, AND ACCEPT IN WRITING, THE ASSOCIATION'S CONFLICT OF INTEREST POLICY. THE BOARD AND EXECUTIVE DIRECTOR MONITOR THE POLICY THROUGHOUT THE YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DISCUSS AND APPROVE ANY SALARY INCREASES FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES, USING THE APPROPRIATE COMPARABLE SALARY DATA. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DISCUSS AND APPROVE ANY SALARY INCREASES FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES, USING THE APPROPRIATE COMPARABLE SALARY DATA. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII | ACCOUNTING METHOD USED TO PREPARE FORM 990 FINANCIAL STATEMENTS AND REPORTING, QUESTION 1 THE FORM 990 IS PREPARED ON A MODIFIED CASH BASIS, THE SAME ACCOUNTING BASIS AS THE ASSOCIATION'S AUDITED FINANCIAL STATMENTS. |