Moloaa Irrigation Cooperative
- Assets
- $2.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Anahola, HI
- Founding
- 12/2011
- Data as of
- 12/2022
- EIN
- 27-5197165
Organization Overview
Moloaa Irrigation Cooperative is located in Anahola, HI. The organization was established in 2011. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Moloaa Irrigation Cooperative employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moloaa Irrigation Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Moloaa Irrigation Cooperative generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $274.5k during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOLOA`A IRRIGATION CO-OP IS A COOPERATIVE OF THE MOLOA`A HUI LAND FARMERS. ITS PURPOSE IS TO DELIVER WATER TO USERS ON AN AT-COST BASIS FOR THE BENEFIT OF ALL MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE AND/OR NEGOTIATE FOR, MANAGE, ADMINISTER, CONTRACT FOR THE USE OF AND/OR OWN CERTAIN WATER RESOURCES AND FACILITIES IN THE DISTRICT OF MOLOAA, ISLAND OF KAUAI, WHICH ARE PRESENTLY USED TO PROVIDE AGRICULTURAL WATER TO THE LANDS KNOWN AS THE MOLOAA HUI LANDS (FACILITIES); TO ACQUIRE ADDITIONAL SOURCES OF WATER AND/OR EQUIPMENT TO ADD TO THE FACILITIES AS MAY BE APPROPRIATE; AND TO PROVIDE TO ITS MEMBERS ON A COOPERATIVE BASIS, RELIABLE, COST EFFECTIVE AGRICULTURAL IRRIGATION SERVICES IN AN ENVIRONMENTALLY RESPONSIBLE MANNER CONSISTENT WITH SOUND BUSINESS IN THE STATE OF HAWAII. ALSO, DELIVERS PUBLIC DRINKING WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Huber President | OfficerTrustee | 1 | $0 |
Ray Maki Vice Preside | OfficerTrustee | 1 | $0 |
Philip Davies Secretary | OfficerTrustee | 1 | $0 |
Brandon Miranda Treasurer | OfficerTrustee | 1 | $0 |
Louisa Wooten Executive Di | Officer | 20 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $725,021 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,909 |
| Total Program Service Revenue | $274,538 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,009,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $735 |
| Advertising and promotion | $0 |
| Office expenses | $2,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,665 |
| All other expenses | $816 |
| Total functional expenses | $274,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,200 |
| Savings and temporary cash investments | $73,394 |
| Pledges and grants receivable | $110,676 |
| Accounts receivable, net | $12,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,079,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,229 |
| Total assets | $2,408,408 |
| Accounts payable and accrued expenses | $118,161 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,096 |
| Total liabilities | $134,257 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,274,151 |
| Total liabilities and net assets/fund balances | $2,408,408 |