Kauai Economic Development Board Inc
- Assets
- $1.5m
- Revenue
- $960.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Lihue, HI
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 99-0231581
Organization Overview
Kauai Economic Development Board Inc is located in Lihue, HI. The organization was established in 1985. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Kauai Economic Development Board Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kauai 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 12/2022, Kauai Economic Development Board Inc generated $960.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $947.0k during the year ending 12/2022. While expenses have increased by 2.3% 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
TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON-PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Yoshida Director At Large/chair | OfficerTrustee | 8 | $0 |
Fred Cowell Director/vice Chair | OfficerTrustee | 6 | $0 |
Leland Kahawai Director/treasurer | OfficerTrustee | 6 | $0 |
Patrick Ono Director/secretary | OfficerTrustee | 6 | $0 |
Jason Bryant Director At Large/science And Tech Chair | OfficerTrustee | 2 | $0 |
Sue Kanoho Director/membership Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $891,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $959,979 |
| Total Program Service Revenue | $0 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$66 |
| 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 | $960,497 |
| 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 | $119,940 |
| Pension plan accruals and contributions | $2,275 |
| Other employee benefits | $13,234 |
| Payroll taxes | $9,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $392 |
| Advertising and promotion | $0 |
| Office expenses | $88,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,097 |
| Travel | $85 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,959 |
| Insurance | $248 |
| All other expenses | -$307,950 |
| Total functional expenses | $947,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,333 |
| Savings and temporary cash investments | $110,185 |
| Pledges and grants receivable | $46,409 |
| Accounts receivable, net | $0 |
| 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 | $41,165 |
| Net Land, buildings, and equipment | $1,007,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,094 |
| Total assets | $1,465,906 |
| Accounts payable and accrued expenses | $47,517 |
| Grants payable | $0 |
| Deferred revenue | $2,723 |
| 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 | $15,273 |
| Total liabilities | $65,513 |
| Net assets without donor restrictions | $1,046,794 |
| Net assets with donor restrictions | $353,599 |
| 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 | $1,465,906 |