Hawaii Island Economic Development Board Inc
- Assets
- $82.7k
- Revenue
- $110.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Kamuela, HI
- Founding
- 06/1984
- Data as of
- 09/2023
- EIN
- 99-0227270
Organization Overview
Hawaii Island Economic Development Board Inc is located in Kamuela, HI. The organization was established in 1984. According to its NTEE Classification (I83) the organization is classified as: Public Interest Law, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Island Economic Development Board Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Hawaii Island Economic Development Board Inc generated $110.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $110.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PROMOTE PRIVATE SECTOR SUPPORT AND EXPERTISE FOR BALANCED GROWTH IN HAWAI"I COUNTY IN PARTNERSHIP WITH FEDERAL, STATE, COUNTY AND PRIVATE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIEDB FY 2022-23 PROGRAM 1 - COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS)THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) WAS UPDATED FOR BOTH HAWAII COUNTY AND THE STATE OF HAWAII UNDER CONTRACT WITH THE HAWAII STATE OFFICE OF PLANNING AND SUSTAINABLE DEVELOPMENT AND THE ECONOMIC DEVELOPMENT ALLIANCE OF HAWAII. THE CEDS SERVES AS THE "ROADMAP" OF ECONOMIC DEVELOPMENT FOR THE NEXT FIVE YEARS AND IS A REQUIREMENT OF THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) TO QUALIFY FOR FEDERAL FUNDS THROUGH THE EDA ECONOMIC ADJUSTMENT AND OTHER PROGRAMS. NOTE THAT OTHER FEDERAL AGENCIES ALSO REQUIRE INITIATIVES/PROJECTS TO BE INCLUDED IN THE CEDS TO QUALIFY FOR FUNDING. THIS STRATEGY WILL PROVIDE THE CURRENT STATE OF HAWAII COUNTY ECONOMICALLY AND SOCIALLY, AS WELL AS PROVIDE GOALS FOR HAWAII COUNTY BEGINNING IN 2023. AT A HIGHER LEVEL, THE DOCUMENTS PRODUCED AS AN OUTCOME, IS MEANT TO PROVIDE GUIDANCE AND REGIONAL CONTEXT FOR POLICY MAKING IN HAWAII COUNTY AND THE STATE OF HAWAII RESPECTIVELY. NOTE THAT CEDS WERE PRODUCED BY OTHERS FOR THE COUNTIES OF KAUA`I AND MAUI, AND THE CITY AND COUNTY OF HONOLULU.
OTHER PROGRAMS ARE TMT TELESCOPE SUPPORT AND JOURNEY THROUGH THE UNIVERSE.
HIEDB FY 2022-23 PROGRAM 2 - WAILUKU RIVER HYDROELECTRIC POWER PROJECT COMMUNITY ENGAGEMENT THE HAWAII ISLAND ECONOMIC DEVELOPMENT BOARD (HIEDB) SUPPORTED AND COLLABORATED WITH BHE RENEWABLES IN DEVELOPING AND IMPLEMENTING A PUBLIC EDUCATION AND COMMUNITY ENGAGEMENT PROGRAM TO INCREASE AWARENESS AND UNDERSTANDING BY HAWAII RESIDENTS, BUSINESS LEADERS, ELECTED OFFICIALS, AND POLICYMAKERS OF THE WAILUKU RIVER HYDROELECTRIC PROJECT AS A PROVEN SOURCE OF CLEAN ENERGY ALIGNED WITH HAWAI`I'S CLEAN ENERGY OBJECTIVES INCLUDING AND NOT LIMITED TO ACT 238 SLH 2022 MANDATING THE REDUCTION OF GREENHOUSE GAS (GHG) EMISSIONS BY THE YEAR 2030 TO FIFTY PERCENT (50%) LOWER THAN 2005 LEVE
FY2022-23 MAJOR PROGRAM 3: 37TH SPACE SYMPOSIUMTHE SPACE SYMPOSIUM HAS BROUGHT TOGETHER SPACE LEADERS FROM AROUND THE WORLD TO DISCUSS, ADDRESS AND PLAN FOR THE FUTURE OF SPACE AND HAS BECOME THE FORUM FOR INFORMATION ON ALL SECTORS OF SPACE. IN RECOGNITION OF THE MAGNITUDE OF PROJECT OPPORTUNITIES IN ASTRONOMY, AVIATION, AND AEROSPACE INITIATIVES ON HAWAI`I ISLAND, HAWAI`I ISLAND ECONOMIC DEV1,200ELOPMENT BOARD (HIEDB) HAS PARTICIPATED IN THE HAWAI`I EXHIBIT AT THE 37TH SPACE SYMPOSIUM HELD IN COLORADO SPRINGS, COLORADO FROM APRIL 17 -20, 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Erskine Director | Trustee | 5 | $0 |
Brandon Mailhot Director | Trustee | 5 | $0 |
Nahua Guilloz Director | OfficerTrustee | 5 | $0 |
James Mucully Director | Trustee | 5 | $0 |
Greg Chun Director | Trustee | 5 | $0 |
Keene Fujinaka Vice Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,250 |
| Total Program Service Revenue | $40,424 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,344 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,018 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,463 |
| Payroll taxes | $5,923 |
| Fees for services: Management | $814 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $6,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,383 |
| Travel | $22,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,190 |
| All other expenses | $2,436 |
| Total functional expenses | $110,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,254 |
| 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 | $1,304 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,712 |
| Accounts payable and accrued expenses | $15,550 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $37,962 |
| 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 | $0 |
| Total liabilities | $56,012 |
| Net assets without donor restrictions | $26,700 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $82,712 |