Kauai Island Utility Cooperative
- Assets
- $395.3m
- Revenue
- $160.5m
- Investments
- $33.5m
- Employees
- 145
- Location
- Lihue, HI
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 99-0346113
Organization Overview
Kauai Island Utility Cooperative is located in Lihue, HI. The organization was established in 2002. 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 12/2021, Kauai Island Utility Cooperative employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kauai Island Utility 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 12/2021, Kauai Island Utility Cooperative generated $160.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $160.5m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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.
Since 2014, Kauai Island Utility Cooperative has awarded 19 individual grants totaling $413,182. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE POWER TO OUR MEMBERS IN A CONSERVATIVE AND SUSTAINABLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATED, TRANSMITTED AND DISTRIBUTED ELECTRICITY TO APPROXIMATELY 38,695 ACTIVE SERVICES AT YEAR END ON THE ISLAND OF KAUAI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bissell CEO | Officer | 60 | $714,261 |
Brad Rockwell Chief Of Operations | Officer | 50 | $290,110 |
Karissa Jonas Financial VP & CFO | Officer | 50 | $270,282 |
Tom Yamamoto Primary Troubleperson | 40 | $215,107 | |
Elizabeth Ubay Hr & Safety Manager | 50 | $209,227 | |
Patrick Malama Primary Troubleperson | 40 | $200,032 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Archipelago Research & Conservation Llc Ecological Services | 12/30/21 | $2,062,049 |
Hallux Ecosystem Restoration Llc Predator Control Consultants | 12/30/21 | $986,200 |
Schneider Tanaka Radovich Andrew & Tanak Legal Services | 12/30/21 | $876,682 |
Mcmillen Llc Engineering Services | 12/30/21 | $614,890 |
Hawaiian Island Technologies Llc It Services | 12/30/21 | $477,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $158,787,454 |
| Investment income | $1,350,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,217 |
| 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 | $160,477,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,386 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,296,852 |
| Compensation of current officers, directors, key employees. | $2,247,742 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $130,222 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $6,569,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,458,876 |
| Insurance | $0 |
| All other expenses | $10,064,305 |
| Total functional expenses | $160,477,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,533,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,612,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,059,947 |
| Prepaid expenses and deferred charges | $2,670,907 |
| Net Land, buildings, and equipment | $263,461,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,496,087 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,509,446 |
| Total assets | $395,344,357 |
| Accounts payable and accrued expenses | $19,695,126 |
| 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 | $227,105,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,799,398 |
| Total liabilities | $261,600,227 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $583 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $133,743,547 |
| Total liabilities and net assets/fund balances | $395,344,357 |
Grants Awarded
Over the last fiscal year, Kauai Island Utility Cooperative has awarded $61,386 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lihue, HI PURPOSE: RELATED EXEMPT OPERATIONS | $38,646 |
Lihue, HI PURPOSE: CHARITABLE GIVING | $22,740 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kauai Island Utility Cooperative has recieved totaling $8,800.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-NRECA YOUTH TOUR OF WASHINGTON, DC | $8,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauai Island Utility Cooperative Lihue, HI | $395,344,357 | $160,477,070 |
California Broadband Cooperative Inc Rancho Cucamonga, CA | $71,826,608 | $5,192,769 |
Arroyo Pasajero Mutual Water Company Bakersfield, CA | $489,398 | $3,517,119 |
Mil Potrero Mutual Water Co Frazier Park, CA | $4,033,045 | $1,610,491 |
California Rural Water Rma Sacramento, CA | $496,053 | $1,637,541 |
Kunia Water Association Inc Kapolei, HI | $798,655 | $1,052,176 |
California Carbon Capture Coalition San Rafael, CA | $0 | $525,296 |
Howell Mountain Mutual Water Company Angwin, CA | $2,512,114 | $706,971 |
Little Potato Slough Mutual Water Company Lodi, CA | $658,705 | $587,385 |
Santa Cruz Summit West Inc Los Gatos, CA | $256,457 | $436,619 |
Sundale Mutual Water Co Lancaster, CA | $3,548,986 | $500,545 |
Trout Gulch Mutual Water Company Aptos, CA | $2,759,038 | $357,460 |