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      <SavingsAndTempCashInvestments>
        <BOY>23188</BOY>
        <EOY>5623</EOY>
      </SavingsAndTempCashInvestments>
      <LandBuildingsEquipmentBasis>1361</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>1361</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>136</BOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>63907</BOY>
        <EOY>75288</EOY>
      </InvestmentsPubTradedSecurities>
      <TotalAssets>
        <BOY>120662</BOY>
        <EOY>106504</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>776</BOY>
        <EOY>687</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>776</BOY>
        <EOY>687</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <RetainedEarningsEndowmentEtc>
        <BOY>119886</BOY>
        <EOY>105817</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>119886</BOY>
        <EOY>105817</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>120662</BOY>
        <EOY>106504</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-14069</ReconcilationRevenueExpenses>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="00000002" softwareId="12000225">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <PublicSupportTotal170>0</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>90128</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>83358</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>158608</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>79727</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>147553</CurrentTaxYear>
        <Total>559374</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>115394</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>42822</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>43042</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>229861</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>66301</CurrentTaxYear>
        <Total>497420</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>205522</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>126180</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>201650</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>309588</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>213854</CurrentTaxYear>
        <Total>1056794</Total>
      </Total509>
      <PublicSupportTotal509>1056794</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>2923</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1734</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>2084</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1808</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1870</CurrentTaxYear>
        <Total>10419</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>2923</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1734</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>2084</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1808</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1870</CurrentTaxYear>
        <Total>10419</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYearMinus4Years>749</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus1Year>1148</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1349</CurrentTaxYear>
        <Total>3246</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <Total>1070459</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.98720</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.98710</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00970</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.01090</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
      <FactsAndCircumstancesTest>OTHER INCOME PART III, LINE 12; DESCRIPTION: ADVERTISING; 2008: 725.; 2009: 0.; 2010: 0.; 2011: 1148.; 2012: 1349.; DESCRIPTION: BULLETIN; 2008: 24.; 2009: 0.; 2010: 0.; 2011: 0.; 2012: 0.;</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="00000003" softwareId="12000225">
      <CurrentYear>
        <BeginningOfYearBalance>63907</BeginningOfYearBalance>
        <Contributions>9010</Contributions>
        <InvestmentEarningsOrLosses>2371</InvestmentEarningsOrLosses>
        <EndOfYearBalance>75288</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>62137</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>1770</InvestmentEarningsOrLosses>
        <EndOfYearBalance>63907</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>54377</BeginningOfYearBalance>
        <Contributions>5655</Contributions>
        <InvestmentEarningsOrLosses>2105</InvestmentEarningsOrLosses>
        <EndOfYearBalance>62137</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Equipment>
        <OtherCostOrOtherBasis>1361</OtherCostOrOtherBasis>
        <Depreciation>1361</Depreciation>
      </Equipment>
      <Form990ScheduleDPartXIII>
        <Identifier>Pt V Line 4</Identifier>
        <Explanation>THERE HAS BEEN NO SPECIFIC DETERMINATION FOR THE</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Explanation>INTENDED USE OF THE QUASI-ENDOWMENT.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="00000004" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 1a</Identifier>
        <Explanation>THE ORGANIZATION HAD 14 MEMBERS.NO MATERIAL DIFFERNCES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>IN VOTING RIGHTS AMONG MEMBERS OF THE GOVERNING</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>BODY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 7a</Identifier>
        <Explanation>MEMBERS OF THE ORGANIZATION ARE ENTITLED TO VOTE IN</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>ELECTIONS DETERMINING THE BOARD. THEY ARE NOT</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>INVOLVED IN THE DECISIONS MADE BY THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>THE FINANCE COMMITTEE OVERSEEN BY THE TREASURER AND</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>PRESIDENT OF THE ORGANIZATION REVIEWS THE FINANCIAL</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>INFORMATION WHILE THE EXECUTIVE DIRECTOR APPROVES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>THE FILING OF THE 990.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>ALL BOARD MEMBERS MUST REVIEW AND SIGN THE ORGANIZATION'S</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>CONFLICT OF INTEREST POLICY YEARLY BASED UPON SELF-REPORTING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15b</Identifier>
        <Explanation>COMPENSATION IS DETERMINED BY THE RESEARCH CORPORATION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>OF THE UNIVERSITY OF HAWAII WHICH IS A STATE AGENCY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>ESTABLISHED BY THE HAWAII LEGISLATURE SUBJECT TO A</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>REGULAR REVIEW BY THE PRESIDENT OF THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>MAIN DOCUMENTS ARE POSTED ON THE ORGANIZATION'S</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>WEBSITE. WHILE FINANCIAL DOCUMENTS AND RETURNS ARE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>MADE AVAILABLE THROUGH GUIDESTAR OR BY REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 6</Identifier>
        <Explanation>THE ORGANIZATION HAD 14 MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>COMPENSATION IS DETERMINED BY THE RESEARCH CORPORATION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>OF THE UNIVERSITY OF HAWAII WHICH IS A STATE AGENCY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>ESTABLISHED BY THE HAWAII LEGISLATURE SUBJECT TO A</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>REGULAR REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>AFFILIATE SPONSORSHIP BANKING EXPENSE CONFERENCE EXPENSE DONATIONS INSURANCE LICENSES &amp; PERMITS MARKETING EXPENSE MEMBERSHIP DATABANK OFFICE SUPPLIES PRIZES SUMMER INSTITUTE TRAVEL WEBSITE EXPENSE PROFESSIONAL DEVELOPMENT EXPENSE MEETINGS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>MEALS &amp; ENTERTAINMENT 30. 0. 30. 0.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>