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Ikaika Hawaii Watermans Academy

EIN 46-2388864 · Honolulu, HI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak29 out of 100GovernanceGood86 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PERPETUATE THE DEVELOPMENT OF INSPIRATIONAL WATERMAN THROUGH POSITIVE WATER SPORT OPPORTUNITIES FOR THE CHILDREN OF HAWAII, SHARING KNOWLEDGE ON WATERMANS SAFETY, SKILLS & STEWARDSHIP.

Income
$321,063
Spending
$337,830
Spent on programs
89%
Reserves
-0.4 months of spending
Largest source of income
fees for its services, 78%
Employees
1
Volunteers
50
Highest pay
$75,739, president/ceo coach

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 29 out of 100. Higher than 3% of charities in its peer group (youth development, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    0 of 15

    Income fell 27% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 86 out of 100. Higher than 75% of charities in its peer group (youth development, $250k to $1m).

  • Independent board

    25 of 25

    4 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $242,603 spent. THE WATERMANS ACADEMY PROGRAM FOR SAFETY, SKILLS AND STEWARDSHIP - WITH OVER 300 CHILDREN COMING THROUGH THE PROGRAM FOR ONE WEEK OR UP 12 WEEKS, THROUGHOUT THE SUMMER, AND DURING ALL THE SCHOOL HOLIDAYS. THIS PROGRAM IS FOR 5-14 YEAR OLD KEIKI TO BE INTRODUCED TO WATERMANS OCEAN SAFETY, SKILLS AND STEWARDSHIP AND THEN TO IMPROVE THEIR CONFIDENCE AND SKILLS ON WATER CRAFT LIKE SURF SKI, KAYAK, ROWING, PADDLE BOARD, SUP AND OUTRIGGER CANOEING, WHILE LEARNING WATER SAFETY PRACTICES. THE "WATERMAN" CAN THEN CONTINUE THEIR LOVE OF THE OCEAN BY JOINING THE MORE FOCUSED AFTER SCHOOL SQUADS, OR BE CHOSEN TO VOLUNTEER IN THE YOUTH COACH/ LEADERSHIP PROGRAM. ROWING CLINICS - ROWING SHELL EXPERIENCE WAS PROVIDED TO OVER 20 STUDENTS TO ASSIST WITH COLLEGE APPLICATION. COLLEGE SCHOLARSHIPS ARE PROVIDED TO YOUTH THAT MEET THE REQUIREMENTS.
  2. $58,851 spent. SQUAD TRAINING PROGRAMS FOR OUR YOUTH TO LEARN AND TRAIN IN MENTAL AND PHYSICAL FITNESS AS WELL AS LIFE WELLBEING UTILISING THE SPORTS OF CANOE, KAYAK AND ROWING. THIS PROGRAM HAS CHILDREN ON A MONTHLY BASIS, ALL YEAR AROUND EVERY DAY OF THE SCHOOL WEEK AND SATURDAYS AND SERVICES OVER 150 DIFFERENT KIDS EACH YEAR WITH SOME COMING DAILY ALL YEAR AROUND. ANY CHILD WILLING TO PUT IN THE WORK, MAY DEVELOP AS AN ELITE ATHLETE TO BE CHOSEN TO REPRESENT HAWAII IN NATIONAL AND INTERNATIONAL COMPETITIONS, THUS FURTHERING EXPOSURE TO VARIOUS CULTURES AND LIFE EXPERIENCES.
  3. LEADERSHIP PROGRAM - THIS IS AN OPPORTUNITY FOR OUR KEIKI TO LEARN POSITIVE LEADERSHIP SKILLS, BECOME LOVING, COMPASSIONATE MENTORS AND YOUTH LEADERS OF TOMORROW WITH FOCUS ON POSITIVE WORDAGE FOR THEMSELVES AND OTHERS. PROVIDING SAFE, FUN LEARNING FOR THEIR LEADERSHIP TEAM AND THE YOUNGER KEIKI THEY THEN SUPPORT AND BE MENTORED AND BECOME MENTORS THROUGH THE LEARNINGS AND SKILLS THEY DEVELOP WHILE SUPPORTING THE WATERMANS ACADEMY.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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