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← IOLE

Form 990 for tax year 2023

Filed by IOLE.

Totals

Total revenue
$1,967,404
Total expenses
$1,445,885
Contributions and grants received
$1,683,333
Grants paid
$0
Program service revenue
$283,551
Investment income
$0
Other revenue
$520
Total assets, end of year
$2,992,676
Total liabilities, end of year
$2,257,874
Net assets or fund balances, end of year
$734,802
Program services expenses (Part IX)
$741,343
Management and general expenses
$704,542
Fundraising expenses
$0
Program service expenses (Part III)
$741,343

Program services were 51.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,683,333

  • 2a · Program service revenue: PROGRAM RENTAL

    total $166,487 · related or exempt $166,487

  • 2b · Program service revenue: PROGRAM SERVICE REVENUE

    total $117,064 · related or exempt $117,064

  • 11a · Other revenue: OTHER REVENUE

    total $520 · related or exempt $520

  • 11e · Other revenue, total

    $520

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $48,077 · program services $36,058 · management and general $12,019

  • 6 · Compensation of disqualified persons

    total $110,041 · program services $82,531 · management and general $27,510

  • 7 · Other salaries and wages

    total $473,291 · program services $354,968 · management and general $118,323

  • 9 · Other employee benefits

    total $80,985 · program services $65,376 · management and general $15,609

  • 11c · Fees: accounting

    total $27,333 · management and general $27,333

  • 11g · Fees: other

    total $291,651 · program services $56,569 · management and general $235,082

  • 13 · Office expenses

    total $3,007 · management and general $3,007

  • 14 · Information technology

    total $7,620 · management and general $7,620

  • 17 · Travel

    total $20,204 · management and general $20,204

  • 20 · Interest

    total $14,746 · management and general $14,746

  • 22 · Depreciation, depletion and amortization

    total $85,006 · program services $85,006

  • 23 · Insurance

    total $76,085 · program services $1,874 · management and general $74,211

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $89,273 · program services $18,820 · management and general $70,453

  • 24b · Other expenses: TAXES

    total $47,893 · program services $24,384 · management and general $23,509

  • 24c · Other expenses: UTILTIES

    total $27,717 · management and general $27,717

  • 24d · Other expenses: MEALS

    total $15,980 · management and general $15,980

  • 24e · All other expenses

    total $26,976 · program services $15,757 · management and general $11,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,186 · end of year $551,714

  • 4 · Accounts receivable

    beginning of year $43,518 · end of year $46,614

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,542 · end of year $105,439

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

    $1,674,256

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

    $96,717

  • 10c · Land, buildings and equipment, net

    beginning of year $1,464,916 · end of year $1,577,539

  • 15 · Other assets

    beginning of year $470,385 · end of year $711,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,588 · end of year $68,723

  • 19 · Deferred revenue

    end of year $104,116

  • 23 · Secured mortgages and notes payable

    beginning of year $1,955,899 · end of year $2,080,035

  • 25 · Other liabilities

    beginning of year $54,777 · end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $213,283 · end of year $734,802

Mission and programs · 2023

Mission

WE LISTEN TO AND SERVE OUR PLACE, 'IOLE, KOHALA, MODELING WAYS TO CONFRONT THE MOST URGENT, COMPLEX, AND EXISTENTIAL CHALLENGES OF THE MODERN AGE ACROSS THE GLOBE. USING REGENERATIVE GOVERNANCE, ANCIENT WISDOM, MODERN TECHNOLOGY, AND MASTERFUL CONVENING TECHNIQUES, WE GUIDE THE INSTITUTIONS OF CIVIL SOCIETY TO IDEATE, DESIGN, AND DEPLOY DURABLE, JUST, SYSTEMIC CHANGE, WHILE BUILDING JOYFUL, DEVOTIONALLY COMMITTED COMMUNITIES OF PRACTICE. ALL OF THIS, IN SERVICE OF A REGENERATIVE FUTURE FOR SOCIETY IN GRACIOUS HARMONY WITH NATURE.

  • AS A NEW ORGANIZATION, WE ESTABLISHED OUR GOVERNANCE, BOARD AND OFFICERS. THROUGH THE YEAR, WE FOCUSED ON ESTABLISHING OUR MISSION AND TRANSITIONING FROM THE PREVIOUS OWNERS/OPERATORS. WE BEGAN COMMUNITY ENGAGEMENT AND WORKED WITH LOCAL SCHOOLS TO DEVELOP BOTH RELATIONSHIPS AND PROGRAMS FOR STUDENTS AT 'IOLE. WE NAMED A CEO IN APRIL AND PROVIDED TIME FOR HIM TO WORK WITH THE TEAM IN CARING FOR THE LANDS AND FACILITIES. WE CONTINUED TO HOST GROUPS, MAINLY LOCAL TO HAWAII ISLAND, FOR THEIR VISITS AND ACTIVITIES AT 'IOLE AND WORKED TO TIE THEIR STAYS WITH OUR MISSION. WE ALSO BEGAN ENGAGEMENT WITH RANCHING AND FARMING LESSEES TO DEVELOP A LONG-TERM LAND IN THE LAND STEWARDSHIP AND MANAGEMENT.

    Expenses $656,337 · Revenue $283,551

  • OVERALL OBJECTIVE - TO CREATE A GLOBAL RESILIENCE HUB AT 'IOLE AROUND CLIMATE ISSUES. INITIALLY FOCUS IS AROUND ENERGY SECURITY, FOOD SECURITY, AND EDUCATION/LEADERSHIP. THE GOAL FOR 'IOLE IS TO INTEGRATE INDIGENOUS CULTURAL, KNOWLEDGE AND PRACTICE WITH TODAY'S TECHNOLOGY TO CREATE CLIMATE AND RESILIENCE MODELS THAT CAN BE SHARED AND REPLICATED GLOBALLY.

    Expenses $85,006

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Albert Nahale-A III

    CEO

    Total calculated
    $110,041
    From this org
    $110,041
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,041
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $110,041

  • Todd Apo

    CEO

    Total calculated
    $48,077
    From this org
    $48,077
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bryan Brayboy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kalei Cadinha-Pua'A

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Crow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Dean

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Irwin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Micah A Kane

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    2

  • David Lasner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Toby Taniguchi

    CHAIR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202403139349303490

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