Nonprofit · EIN 84-4516242
HILO CHINESE SCHOOL FOUNDATION
Tax-exempt · HILO, HI 96721
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $142,611 | $71,242 | $71,369 | $1,290,749 | $152,118 | $1,138,631 |
| December 31, 2023 | 990-PF | $102,045 | $90,669 | $11,376 | $1,075,687 | $8,425 | $1,067,262 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $10,316
- Net rental income
- $21,725
- Net gain from sales of assets
- $51,503
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,772
- Excise tax on investment income
- $1,133
Balance sheet and other
- Total assets, start of year
- $1,075,687
- Total assets, end of year
- $1,290,749
- Total liabilities, end of year
- $152,118
- Net assets, end of year
- $1,138,631
- Fair market value of assets
- $1,290,749
- Qualifying distributions
- $1,772
- Net investment income
- $142,611
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY SK YOUNG 110 AUPUNI STREET, HILO, HI 96720 | PRESIDENT, TREASURER, DIRECTOR | 1 | $0 |
| WALLACE F CHONG III 74 PONAHAWAI STREET, HILO, HI 96720 | VICE PRESIDENT, DIRECTOR | 0.5 | $0 |
| LEONARD CHOW JR 1203 HAIHAI STREET, HILO, HI 96720 | SECRETARY, DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY SK YOUNG 110 AUPUNI STREET, HILO, HI 96720 | PRESIDENT, TREASURER, DIRECTOR | 1 | $0 |
| WALLACE F CHONG III 74 PONAHAWAI STREET, HILO, HI 96720 | VICE PRESIDENT, DIRECTOR | 0.5 | $0 |
| LEONARD CHOW JR 1203 HAIHAI STREET, HILO, HI 96720 | SECRETARY, DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1473, HILO, HI 96721-1473
- Signed the 990-PF
- TIMOTHY YOUNG, PRES, TREASURER, DIR
- Phone
- (808) 935-7830
- Return prepared by
- TAKETA IWATA HARA & ASSOCIATES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-4516242
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,290,749
- Income (IRS master file)
- $142,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $142,611 | $71,242 | $1,290,749 | IRS |
| 990-PF | December 2023 | $102,045 | $90,669 | $1,075,687 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-4516242).
Questions about HILO CHINESE SCHOOL FOUNDATION
- What is the EIN of HILO CHINESE SCHOOL FOUNDATION?
- The employer identification number (EIN) of HILO CHINESE SCHOOL FOUNDATION is 84-4516242.
- Is HILO CHINESE SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HILO CHINESE SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HILO CHINESE SCHOOL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HILO CHINESE SCHOOL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HILO CHINESE SCHOOL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of HILO CHINESE SCHOOL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does HILO CHINESE SCHOOL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $142,611, expenses of $71,242 and total assets of $1,290,749 at year end.
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