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Nonprofiteer
← KAUAI ECONOMIC DEVELOPMENT BOARD INC

Form 990 for tax year 2022

Filed by KAUAI ECONOMIC DEVELOPMENT BOARD INC.

Totals

Total revenue
$960,497
Total expenses
$947,015
Contributions and grants received
$959,979
Grants paid
$0
Program service revenue
$0
Investment income
$84
Other revenue
$434
Total assets, end of year
$1,465,906
Total liabilities, end of year
$65,513
Net assets or fund balances, end of year
$1,400,393
Program services expenses (Part IX)
$737,806
Management and general expenses
$209,209
Fundraising expenses
$0
Program service expenses (Part III)
$737,806

Program services were 77.9% 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

    $64,750

  • 1e · Government grants (contributions)

    $891,700

  • 1f · All other contributions, gifts and grants

    $3,529

  • 3 · Investment income

    total $84 · excluded $84

  • 6a · Gross rents

    real property $311,238

  • 6b · Less rental expenses

    real property $311,304

  • 6c · Rental income or loss

    real property -$66

  • 6d · Net rental income or loss

    total -$66 · related or exempt -$66

  • 11a · Other revenue: MISCELLANEOUS

    total $500 · related or exempt $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $119,940 · program services $76,633 · management and general $43,307

  • 8 · Pension plan contributions

    total $2,275 · management and general $2,275

  • 9 · Other employee benefits

    total $13,234 · management and general $13,234

  • 10 · Payroll taxes

    total $9,578 · program services $5,900 · management and general $3,678

  • 11c · Fees: accounting

    total $40,451 · management and general $40,451

  • 11g · Fees: other

    total $392 · management and general $392

  • 13 · Office expenses

    total $88,262 · program services $51,617 · management and general $36,645

  • 16 · Occupancy

    total $256,097 · program services $221,497 · management and general $34,600

  • 17 · Travel

    total $85 · management and general $85

  • 19 · Conferences, conventions and meetings

    total $13,438 · program services $11,466 · management and general $1,972

  • 22 · Depreciation, depletion and amortization

    total $108,959 · program services $107,598 · management and general $1,361

  • 23 · Insurance

    total $248 · management and general $248

  • 24a · Other expenses: PROGRAM GRANTS AND EXPE

    total $561,004 · program services $556,504 · management and general $4,500

  • 24b · Other expenses: SUPPLIES

    total $20,204 · program services $817 · management and general $19,387

  • 24c · Other expenses: GENERAL EXCISE TAX

    total $14,613 · program services $14,613

  • 24d · Other expenses: TELEPHONE

    total $6,185 · program services $2,465 · management and general $3,720

  • 24e · All other expenses

    total -$307,950 · program services -$311,304 · management and general $3,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,190 · end of year $258,333

  • 2 · Savings and temporary cash investments

    beginning of year $110,101 · end of year $110,185

  • 3 · Pledges and grants receivable

    beginning of year $10,252 · end of year $46,409

  • 8 · Inventories for sale or use

    beginning of year $1,294 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,194 · end of year $41,165

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

    $3,072,676

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

    $2,064,956

  • 10c · Land, buildings and equipment, net

    beginning of year $1,116,679 · end of year $1,007,720

  • 15 · Other assets

    beginning of year $0 · end of year $2,094

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,716 · end of year $47,517

  • 19 · Deferred revenue

    beginning of year $2,416 · end of year $2,723

  • 25 · Other liabilities

    beginning of year $19,353 · end of year $15,273

  • 27 · Net assets without donor restrictions

    beginning of year $527,094 · end of year $1,046,794

  • 28 · Net assets with donor restrictions

    beginning of year $851,131 · end of year $353,599

Mission and programs · 2022

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 $737,806

As filed on the 2022 return.

Listed in Part VII

  • Laurie Yoshida

    DIRECTOR AT LARGE/CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Fred Cowell

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Leland Kahawai

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Patrick Ono

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • Jason Bryant

    DIRECTOR AT LARGE/SCIENCE AND TECH CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sue Kanoho

    DIRECTOR/MEMBERSHIP CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sam Pratt

    DIRECTOR/PROPERTY CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Chun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ann Sokei

    DIRECTOR/EDUCATION COMMITT

    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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333209349300238

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