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Nonprofiteer
← KAUAI ECONOMIC DEVELOPMENT BOARD INC

Form 990 for tax year 2024

Filed by KAUAI ECONOMIC DEVELOPMENT BOARD INC.

Totals

Total revenue
$1,880,186
Total expenses
$2,033,474
Contributions and grants received
$1,803,194
Grants paid
$0
Program service revenue
$132,643
Investment income
$16
Other revenue
-$55,667
Total assets, end of year
$1,896,337
Total liabilities, end of year
$444,744
Net assets or fund balances, end of year
$1,451,593
Program services expenses (Part IX)
$1,564,976
Management and general expenses
$437,220
Fundraising expenses
$31,278
Program service expenses (Part III)
$1,564,976

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $58,250

  • 1e · Government grants (contributions)

    $1,268,944

  • 1f · All other contributions, gifts and grants

    $476,000

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $132,643 · related or exempt $132,643

  • 3 · Investment income

    total $16 · excluded $16

  • 6a · Gross rents

    real property $272,050

  • 6b · Less rental expenses

    real property $327,717

  • 6c · Rental income or loss

    real property -$55,667

  • 6d · Net rental income or loss

    total -$55,667 · excluded -$55,667

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,167 · management and general $99,167

  • 7 · Other salaries and wages

    total $226,578 · program services $156,695 · management and general $69,883

  • 8 · Pension plan contributions

    total $4,200 · management and general $4,200

  • 9 · Other employee benefits

    total $19,832 · management and general $19,832

  • 10 · Payroll taxes

    total $26,531 · management and general $26,531

  • 11b · Fees: legal

    total $524 · management and general $524

  • 11c · Fees: accounting

    total $17,700 · management and general $17,700

  • 11g · Fees: other

    total $28,133 · program services $19,074 · management and general $9,059

  • 12 · Advertising and promotion

    total $31,278 · fundraising $31,278

  • 13 · Office expenses

    total $52,698 · management and general $52,698

  • 16 · Occupancy

    total $361,140 · program services $308,643 · management and general $52,497

  • 17 · Travel

    total $7,666 · management and general $7,666

  • 19 · Conferences, conventions and meetings

    total $32,105 · management and general $32,105

  • 20 · Interest

    total $415 · management and general $415

  • 22 · Depreciation, depletion and amortization

    total $117,845 · program services $117,429 · management and general $416

  • 23 · Insurance

    total $22,400 · program services $10,000 · management and general $12,400

  • 24a · Other expenses: PROGRAM GRANTS & EXPENSES

    total $1,268,230 · program services $1,268,230

  • 24b · Other expenses: SUPPLIES

    total $13,151 · management and general $13,151

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $13,003 · program services $500 · management and general $12,503

  • 24d · Other expenses: GENERAL EXCISE TAX

    total $12,122 · program services $12,122

  • 24e · All other expenses

    total -$321,244 · program services -$327,717 · management and general $6,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500,460 · end of year $52,705

  • 2 · Savings and temporary cash investments

    beginning of year $56,458 · end of year $6,145

  • 4 · Accounts receivable

    beginning of year $131,695 · end of year $37,985

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,531 · end of year $18,434

  • 10a · Land, buildings and equipment: cost or other basis

    $3,961,775

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,182,801

  • 10c · Land, buildings and equipment, net

    beginning of year $902,712 · end of year $1,778,974

  • 15 · Other assets

    beginning of year $2,094 · end of year $2,094

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,099 · end of year $420,157

  • 19 · Deferred revenue

    beginning of year $9,314 · end of year $9,314

  • 25 · Other liabilities

    beginning of year $15,273 · end of year $15,273

  • 27 · Net assets without donor restrictions

    beginning of year $1,082,634 · end of year $859,303

  • 28 · Net assets with donor restrictions

    beginning of year $448,630 · end of year $592,290

Mission and programs · 2024

Mission

TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON- PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY.

  • MISCELLANEOUS GOVERNMENT GRANTS AWARDED FOR THE DESIGN AND PERFORMANCE OF PROGRAMS AND PROJECTS THAT ENCOURAGE EDUCATION AND WORKFORCE DEVELOPMENT AND STIMULATE ECONOMIC DEVELOPMENT ON KAUAI.

    Expenses $1,564,976 · Revenue $132,643

As filed on the 2024 return.

Listed in Part VII

  • Laurie Yoshida

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    8

  • Leland Kahawai

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Patrick Ono

    SECRETARY/SC

    Total calculated
    $0
    Hours/week
    6

  • Jason Bryant

    AT-LARGE DIR

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Chun

    AT-LARGE DIR

    Total calculated
    $0
    Hours/week
    2

  • Sue Kanoho

    DIRECTOR/MEM

    Total calculated
    $0
    Hours/week
    2

  • Erin Tsuda

    FIN. CHAIR/F

    Total calculated
    $0
    Hours/week
    6

  • Sam Pratt

    DIRECTOR/PRO

    Total calculated
    $0
    Hours/week
    2

  • Alex Sou

    FOOD & AGRIC

    Total calculated
    $0
    Hours/week
    2

  • Ann Sokei

    EDUCATION

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202543229349301414

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