A quick look at Mayor Mufi Hannemann’s personal financial disclosure

With personal financial disclosures on my mind, I stopped by city hall to take a look at what has been filed by Mayor Mufi Hannemann.

If you want to look at financial disclosures filed by the governor, top level state executive appointees, or members of the legislature, you can just point your computer’s browser to the State Ethics Commission. All disclosures are online.

But personal financial disclosures filed by the city’s elected officials, along with department and office heads and their top deputies, are not included in the city’s Docushare system, although the system contains most official documents that pass through the clerk’s office. To view them, you must appear in person at the city clerk’s office on the main floor of city hall.

I should say that folks at the clerk’s office are very helpful and viewing the records is not a hassle, although it requires that special trip downtown.

In any case, I made a photo copy of Mayor Hannemann’s latest filing (a photo copy, literally, with my little camera in hand and the file on my lap as I took digital pictures of each page).

The mayor reports financial interests in two related businesses, Navatek Research LLC and LB Ventures LLC, in each case reporting the value at $25,000-$49,999. There’s no information on the nature or circumstances of the investment.

Navatek is one of those companies that has been a beneficiary of earmarks by Senator Inouye in the past, according to this account.

Navatek Research LLC is managed by Pacific Marine & Supply Co., Ltd., according to state business registration records.

The mayor reports no other investments in Hawaii companies.

In addition, Hannemann lists himself as chairman of the board of Fund of the Pacific Century, which sponsors the Pacific Century Fellows Program, sort of a here’s-your-key-to-the-power-elite copy of the White House Fellows program. No money in it for the mayor, but certainly lots of inside power positioning.

Here’s the fund’s most recent nonprofit tax return.

Looking at the list of directors, there’s a pretty tight overlap with his political apparatus.

Trudi Saito, Hannemann’s long-time friend and political associate now ensconced as the city’s deputy managing director, serves as board treasurer. Other directors include Paul Yonamine, a former campaign supporter and top level advisor to Hannemann (who is now president and CEO of Hitachi Consulting, which coincidentally has interests in rail technology).

In addition to Hannemann, Saito, and Yonamine, eight of the remaining 12 directors of the fund are members of the “exploratory committee” pushing the mayor’s campaign for governor.

So the fund may be nonprofit, but the heavy crossover with Hannemann’s campaign organization sure makes it look like a political resource.

Hannemann’s wife, Gail, reports earning $50,000-$99,999 as CEO of the Girl Scouts of Hawaii. She also reports earning something in the same range as a director of health insurer, HMAA, where she joins former state attorney general Warren Price and former city council member John Henry Felix.

Missing from the mayor’s disclosure is something called the Victoria Foundation, Inc., a nonprofit formed in 2001 to organize public events for other nonprofit groups.

According to state business registration records and federal nonprofit organization tax returns, Hannemann serves as a director of the Victoria Foundation, although the group appears to have been inactive for several years, reporting fundraising “deferred”.

The group’s president, Lisa Kim, has been a Hannemann campaign fundraiser and was appointed by the mayor to the city salary commission.

All this is, it seems, just background information to put in your files for future reference.


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One thought on “A quick look at Mayor Mufi Hannemann’s personal financial disclosure

  1. Dan Mollway

    Ian, Thanks for pointing out that on the State Ethics Commission’s Web site all state public financial disclosures can be reviewed. We created our Web site, I believe, in 1999, and it appears we were one of about three agencies in the country to first post financial disclosures. The Advertiser even wrote an editorial about it, entitled “Ethics on the ‘Net”. This was the early days of doing these things. We took this step because of course this is the way things should be, but we wanted to ensure that the public did not have to make a special trip to our office (or pay for scarce parking). Further, we believed this would be only fair to the folks on the neighbor islands. As you know, other public documents filed with our office, such as lobbying disclosure forms and registration statements, are on our Website.

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