2025-08-23T17:53:43-07:00 2024-08-31 912183089 NATALIE J IWASA CPA INC 1331 LUNALILO HOME ROAD HONOLULU HI 96825 990EZ 2023-09-01 990317114 Rainbow Aquatics Swim Team Incorporated RAIN 6193927502 PO Box 11161 Honolulu HI 96828 Jason Ohara Vice President 2025-07-02 true true Natalie Iwasa CPA CFE P00846083 8083953233 2023 2025-03-06 01:10:19Z X www.gomotionapp.com/team/hira/page/about X X 160521 X 115072 33169 0 0 0 11411 6144 5267 869 154377 32 63930 1431 88525 153918 459 41769 42228 X 45251 41062 950 4681 46201 45743 4432 3515 41769 42228 The mission of our team is to provide every swimmer with an opportunity to improve swimming skills and achieve success at his or her level of ability, from novice to international competitor. Rainbow Aquatics is a year-round competitive swim team, offering high-quality professional coaching and technique instruction for all ages and abilities. Our swim team offered practices in Honolulu and Kaneohe, utilizing a number of local pools. All of our coaches, as members of the American Swimming Coaches Association, have access to the most comprehensive training and certification program for youth coaches of any sport in the United States. They provide assurances that the time children spend swimming will be quality time. The primary beneficiaries of the program are youth swimmers, ranging from novices to those competing at national levels. BOWS offered structured training across four progressive swim groups: Novice, Beginner, Intermediate, and Senior. Each group focused on developing specific skills, from introducing the four competitive strokes to enhancing stroke efficiency and preparing for elite competitions. In FYE 8/31/24 the number of swimmers on the roster was approximately 120. The overall objective of Rainbow Aquatics is to provide every swimmer with the opportunity to improve their skills and achieve success at their level of ability, fostering a lifelong love for swimming. Practices were held Monday thru Friday all year round and totaled approximately 1,250 practice hours. Practice was held at multiple locations, including Palolo Valley Park, Kanewai Community Pool, Kalani High School, Kaimuki High School, and Kaneohe District Park. The team hosted an Invitational Swim meet and ABC meet that serveed approximately 1,000 Hawaii swimmers. In addition to practices and swim meets the team participateed in team building activities such as camping, ice skating, and hiking to foster camaraderie. 139458 139458 Monica LaBriola President 10.00 0 April Gallego Sec. & V.P 3.00 0 Agnes Loi Dir. Meet Entry 3.00 0 Jessica Cheng Secretary 3.00 0 Ua Agbayani Treasurer 5.00 0 false false false false false false false 0 0 0 false 0 0 false HI Ua Agbayani PO Box 11161 Honolulu HI 96828 8082650846 false false false false false false false false false false false NONE NONE true X 30723 16967 55904 96177 115072 314843 11590 2749 16999 34953 44580 110871 3167 3234 13678 4747 24826 0 0 45480 22950 86581 135877 159652 450540 1160 800 1220 1260 1500 5940 0 1160 800 1220 1260 1500 5940 444600 0 0 0 61 202 869 1132 45480 22950 86642 136079 160521 451672 0.98430 0.98140 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Other Revenue.1 Credit card rewards $615 Other Revenue.2 Member late fees $200 Other Revenue.3 Recycling $54 Other Expenses.1001 Advertising and Promotion $223 Other Expenses.1002 Office Expenses $577 Other Expenses.1005 Travel $4385 Other Expenses.1009 Depreciation $104 Other Expenses.1012 Insurance $2192 Other Expenses.1 Pool permits & rental $28085 Other Expenses.2 Annual registration & meet fee $16258 Other Expenses.3 Rent - storage & facilities $5865 Other Expenses.4 Meals and beverages $5311 Other Expenses.5 Penalties & interest $5227 Other Expenses.6 Bank charges & merchant fees $5224 Other Expenses.7 Education $4770 Other Expenses.8 Team activities - camping, etc $2493 Other Expenses.9 Supplies $1852 Other Expenses.10 Subscriptions and dues $1778 Other Expenses.11 Member benefits - merchandise $1517 Other Expenses.12 Annual banquet /member meeting $1142 Other Expenses.13 Gifts $1053 Other Expenses.14 Equipment rental $399 Other Expenses.15 Hospitality $70 Other Assets.1004 Miscellaneous - Beginning $0 Miscellaneous - Ending $2499 Other Assets.1010 Inventories - Beginning $950 Inventories - Ending $2182 Total Liabilities.1 Payroll iabilities - Beginning $3466 Payroll iabilities - Ending $2084 Total Liabilities.2 Credit card payable - Beginning $966 Credit card payable - Ending $654 Total Liabilities.3 Unclaimed Property - Beginning $0 Unclaimed Property - Ending $777 Part IV, Officer Compensation Board members receive a dues waiver for one swimmer. Estimated value is $540 - $900 per year, depending on the swimmer's group, e.g., novice, beginner.