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      <TotalNetAssetsFundBalances>
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      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>15645402</BOY>
        <EOY>17279892</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>1531216</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>192825</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleC documentId="RetDoc1039500001">
      <PoliticalExpenditures>24925</PoliticalExpenditures>
      <AmtOfInternalFundsContributed>24925</AmtOfInternalFundsContributed>
      <TotalExmptFunctionExpenditures>24925</TotalExmptFunctionExpenditures>
      <Form1120PolFiled>1</Form1120PolFiled>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Jerry Chang</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>1022 Awele Place</AddressLine1>
          <City>Hilo</City>
          <State>HI</State>
          <ZIPCode>96720</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
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      <Sec527PolOrgs>
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          <BusinessNameLine1>Carlisle for Mayor</BusinessNameLine1>
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          <AddressLine1>1164 Bishop Street Suite 124-197</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96813</ZIPCode>
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      <Sec527PolOrgs>
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          <BusinessNameLine1>Friends of Norman Sakamoto</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>1248 Ala Mahamoe Street</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96819</ZIPCode>
        </AddressUS>
        <EIN>990329779</EIN>
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      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Joey Manahan</BusinessNameLine1>
        </NameOf527Organization>
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          <AddressLine1>1250 Richard Lane A408</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96819</ZIPCode>
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      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Clift Tsuji</BusinessNameLine1>
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          <AddressLine1>1382 Auahi Place</AddressLine1>
          <City>Hilo</City>
          <State>HI</State>
          <ZIPCode>96720</ZIPCode>
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          <BusinessNameLine1>Friends of Donna Mercado Kim</BusinessNameLine1>
        </NameOf527Organization>
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          <AddressLine1>1528 Onipaa Streeet</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96819</ZIPCode>
        </AddressUS>
        <EIN>990268749</EIN>
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      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Glenn Wakai</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>1541 Ala Lani St</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96819</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends for Brian Taniguchi</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>2140 Armstrong Street</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96822</ZIPCode>
        </AddressUS>
        <EIN>990351877</EIN>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of John M Mizuno</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>2552 Kalihi Street</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96819</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Scott Nishimoto</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>3191 Charles Street</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96816</ZIPCode>
        </AddressUS>
        <EIN>440049619</EIN>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Stanley Chang</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>637 Ulumaika Street</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96816</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>2500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of John White</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 879</AddressLine1>
          <City>Kaneohe</City>
          <State>HI</State>
          <ZIPCode>96744</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>2500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Sharon Har</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 101 509 Farrington Hwy 210</AddressLine1>
          <City>Kapolei</City>
          <State>HI</State>
          <ZIPCode>96707</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Rosalyn Baker</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 10394</AddressLine1>
          <City>Lahaina</City>
          <State>HI</State>
          <ZIPCode>967610394</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Roy Takumi</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 1649</AddressLine1>
          <City>Pearl City</City>
          <State>HI</State>
          <ZIPCode>96782</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Maile Shimabukuro</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 2043</AddressLine1>
          <City>Waianae</City>
          <State>HI</State>
          <ZIPCode>96792</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Shan's Friends</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 2578</AddressLine1>
          <City>Wailuku</City>
          <State>HI</State>
          <ZIPCode>967932578</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>1000</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Ken Ito</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 4354</AddressLine1>
          <City>Kaneohe</City>
          <State>HI</State>
          <ZIPCode>96744</ZIPCode>
        </AddressUS>
        <EIN>912068767</EIN>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Clayton Hee</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 4484</AddressLine1>
          <City>Kaneohe</City>
          <State>HI</State>
          <ZIPCode>96744</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Jill Tokuda</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 6068</AddressLine1>
          <City>Kaneohe</City>
          <State>HI</State>
          <ZIPCode>96744</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Joe Souki</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 632</AddressLine1>
          <City>Wailuku</City>
          <State>HI</State>
          <ZIPCode>96793</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>J Kalani English Election</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 878</AddressLine1>
          <City>Hana Maui</City>
          <State>HI</State>
          <ZIPCode>96713</ZIPCode>
        </AddressUS>
        <EIN>990351804</EIN>
        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Michelle Kidani</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 894515</AddressLine1>
          <City>Mililani</City>
          <State>HI</State>
          <ZIPCode>96789</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Abercrombie for Governor</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>1050 Ala Moana Blvd 2150</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96814</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>6000</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Abercrombie for Governor</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>1050 Ala Moana Blvd 2150</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96814</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>3000</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Carol for Senate</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 61503</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96839</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Billy Kenoi</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>614 Kilauea Ave Suite 101</AddressLine1>
          <City>Hilo</City>
          <State>HI</State>
          <ZIPCode>96720</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Clarence Nishihara</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 971293</AddressLine1>
          <City>Waipahu</City>
          <State>HI</State>
          <ZIPCode>96797</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of David Ige</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>98-635 Kaahele Street</AddressLine1>
          <City>Aiea</City>
          <State>HI</State>
          <ZIPCode>96701</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Della Au Belatti</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 900</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96808</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>25</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Dennis Fresh Onishi</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 5240</AddressLine1>
          <City>Hilo</City>
          <State>HI</State>
          <ZIPCode>96720</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>250</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Donovan Dela Cruz</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 860340</AddressLine1>
          <City>Wahiawa</City>
          <State>HI</State>
          <ZIPCode>96786</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Ernie Martin</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 235354</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>968233505</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Gil Keith Agaran</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 857</AddressLine1>
          <City>Wailuku</City>
          <State>HI</State>
          <ZIPCode>96793</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of J Ikaika Anderson</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>45-428 Kamehameha Hwy</AddressLine1>
          <City>Kaneohe</City>
          <State>HI</State>
          <ZIPCode>96744</ZIPCode>
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        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of James Tokioka</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>2512 Kanio Road</AddressLine1>
          <City>Lihue</City>
          <State>HI</State>
          <ZIPCode>96766</ZIPCode>
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      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Jo Jordan</BusinessNameLine1>
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          <AddressLine1>PO Box 1398</AddressLine1>
          <City>Waianae</City>
          <State>HI</State>
          <ZIPCode>96792</ZIPCode>
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        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
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        <NameOf527Organization>
          <BusinessNameLine1>Friends of K Mark Takai</BusinessNameLine1>
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          <AddressLine1>PO Box 2267</AddressLine1>
          <City>Pearl City</City>
          <State>HI</State>
          <ZIPCode>96782</ZIPCode>
        </AddressUS>
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      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Mark Hashem</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO Box 240965</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>968240965</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>50</AmtPdFromInternalFunds>
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      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Oz Stender</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO Box 3946</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96812</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>250</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Ron Kouchi</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>PO Box 983</AddressLine1>
          <City>Lawai</City>
          <State>HI</State>
          <ZIPCode>96765</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>100</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Sec527PolOrgs>
        <NameOf527Organization>
          <BusinessNameLine1>Friends of Stanley Chang</BusinessNameLine1>
        </NameOf527Organization>
        <AddressUS>
          <AddressLine1>637 Ulumaika Street</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96816</ZIPCode>
        </AddressUS>
        <AmtPdFromInternalFunds>500</AmtPdFromInternalFunds>
      </Sec527PolOrgs>
      <Form990ScheduleCPartIV>
        <Identifier>Organizations Direct and Indirect Political Campaign Activities:</Identifier>
        <ReturnReference>Part I-A, Line 1:</ReturnReference>
        <Explanation>The organization provided campaign contributions to various candidates for public office.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <OtherCostOrOtherBasis>438919</OtherCostOrOtherBasis>
        <BookValue>438919</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>2149645</OtherCostOrOtherBasis>
        <Depreciation>32254</Depreciation>
        <BookValue>2117391</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>245477</OtherCostOrOtherBasis>
        <Depreciation>119731</Depreciation>
        <BookValue>125746</BookValue>
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      <OtherLandBuildings>
        <OtherCostOrOtherBasis>271427</OtherCostOrOtherBasis>
        <Depreciation>219071</Depreciation>
        <BookValue>52356</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>2734412</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>Income taxes payable-Form 1120POL</Description>
        <Amount>8689</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Security deposit</Description>
        <Amount>2959</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>11648</TotalOfAmounts>
      <TotalRevenue>3421189</TotalRevenue>
      <TotalExpenses>1889973</TotalExpenses>
      <ExcessOrDeficitForYear>1531216</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>192825</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>192825</TotalAdjustments>
      <ExcessOrDeficitPerFS>1724041</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>3614014</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>192825</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>192825</RevenueNotRptdF990>
      <RevenueSubtotal>3421189</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>3421189</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1889973</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>1889973</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>1889973</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>Hawaii Benefit Administrators Inc (HBAI)</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>One or more Trustees of the organization is also a director of HBAI.</Relationship>
        <AmountOfTransaction>45197</AmountOfTransaction>
        <DescriptionOfTransaction>The organization contracted with HBAI to provide administrative services to the Fund. This transaction was approved by the Board of Trustees.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 3</Identifier>
        <Explanation>Management control is retained by the Board of Trustees. Administrative duties have been contracted to a third party administrator.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 7a</Identifier>
        <Explanation>The governing board is appointed by the United Brotherhood of Carpenters and Joiners of America, Local 745; the General Contractors Labor Association; and/or the Building Industry Labor Association.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>Form 990 was provided to the Board of Trustees in advance of its regularly scheduled board meeting, and reviewed with the trustees by the tax preparer.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 12c</ReturnReference>
        <Explanation>The conflicts of interest policy is monitored on an ongoing basis as part of regular Board of Trustee meetings.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section C, line 19</ReturnReference>
        <Explanation>The organization's governing documents, conflict of interest policy, and financial statements, are available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Executive Director White earned no compensation from the organization in calendar 2010.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Changes in Net Assets or Fund Balances:</Identifier>
        <ReturnReference>Form 990, Part XI, line 5:</ReturnReference>
        <Explanation>Net unrealized gains on investments: 192,825.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>The process for reviewing the annual audit by the Board of Trustees is unchanged from the prior year.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hawaii Carpenters Apprenticeship Training Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>990119158</EIN>
        <PrimaryActivities>To provide education and training benefits to unionized employees</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(c)(5)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hawaii Carpenters Health &amp; Welfare Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>996014752</EIN>
        <PrimaryActivities>To provide health &amp; welfare benefits to unionized employees</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(c)(9)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hawaii Carpenters Drywall Training Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>990143105</EIN>
        <PrimaryActivities>To provide education and training benefits to unionized employees</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(c)(5)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hawaii Carpenters Vacation &amp; Holiday Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>996025504</EIN>
        <PrimaryActivities>To provide vacation and holiday benefits to unionized employees</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(c)(9)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hawaii Carpenters Financial Security Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>990264272</EIN>
        <PrimaryActivities>Employee benefit plan providing retirement benefits</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(a)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hawaii Carpenters 401(k) Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>550822045</EIN>
        <PrimaryActivities>Employee benefit plan providing retirement benefits</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(a)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Hawaii Benefit Administrators Inc</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>200 N Vineyard Blvd Suite 100</AddressLine1>
          <City>Honolulu</City>
          <State>HI</State>
          <ZIPCode>96817</ZIPCode>
        </AddressUS>
        <EIN>990329747</EIN>
        <PrimaryActivity>Administrative services</PrimaryActivity>
        <LegalDomicileState>HI</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>None</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>1</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Hawaii Benefit Administrators Inc</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>L</TransactionType>
        <AmountInvolved>45197</AmountInvolved>
        <MethodOfAmtDetermination>Service agreement</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>